Under the policy of soybean producer and crop rotation subsidies, domestic soybean production has increased for three consecutive years since 2017. The soybean planting area in 2019 has reached 140 million mu, an increase of 13.82 million mu or 10.9% over the previous year. The output increased to 18.1 million tons, an increase of 2.15 million tons or 13.5% over the previous year. Since 2018, Sino-U. S. economic and trade frictions have hindered the export of U. S. soybeans to China, and China’s imports of U. S. soybeans continue to decrease in 2019.The international soybean future prices have hit a 10-year low. The soybean imported from South America expected to account for about 80%. Looking ahead, the domestic soybean supply capacity is expected to increase continually,the overall national consumption is expected to increase steadily, soybean import is expected to attain 85 million tons. The global soybean production decreased for the first time after four consecutive years of production increase,and the loosen pattern of supply and demand is facing a turning point.