China's soybean buying is likely to decline in the months ahead due to weak animal feed demand and negative crush margins, leaving little room for US ‌cargoes as they were excluded from proposed tariff relief after last week's Washington summit.

China is set to cut tariffs on a broad range of US agricultural goods, from corn and wheat to meat and dairy, but top import item soybeans were excluded from a tariff-reduction list jointly issued by China's commerce ministry and the White House.