# Soybeans jump after China agrees to buy 'substantial' US ag products in trade truce

> Soybean futures for January delivery rose about 1.1% at the CME after Presidents Trump and Xi agreed over dinner at the G-20 summit to hold off on new tariffs for 90 days. The White House said China will buy a substantial but unspecified amount of US agricultural, energy and industrial products, starting immediately.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/11522-soybeans-jump-after-china-agrees-to-buy-substantial-us-ag-products-in-trade
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The purchase pledge raises expectations of renewed Chinese demand for US soybeans, which had been absent since China's 25% tariff took effect. Buyers should expect firmer US soybean and meal prices while the size and timing of purchases remain unclear.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-12-09 | [China buys U.S. soybeans after Trump trade agreement](https://feedsoft.ai/events/14615-china-buys-u-s-soybeans-after-trump-trade-agreement.md) | -2.0% | -3.7% |
| SOY | 2018-05-21 | [Trade truce with China could boost US beef, soybeans and other agriculture products](https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture.md) | +4.3% | -9.0% |
| SOY | 2025-08-11 | [Trump Urges China to Buy More Soybeans a Day Before Trade Truce Expires - Bloomberg](https://feedsoft.ai/events/12447-trump-urges-china-to-buy-more-soybeans-a-day-before-trade-truce-expires.md) | +5.7% | +4.8% |
| SOY | 2025-08-11 | [US soybean prices jump after Trump urges China to quadruple orders \| Reuters](https://feedsoft.ai/events/12446-us-soybean-prices-jump-after-trump-urges-china-to-quadruple-orders-reuters.md) | +5.7% | +4.8% |
| SOY | 2025-11-17 | [Exclusive: China snaps up US soybeans after pledge to Trump, but at high price, traders say \| Reuters](https://feedsoft.ai/events/7888-exclusive-china-snaps-up-us-soybeans-after-pledge-to-trump-but-at-high-price.md) | +1.1% | -3.7% |
| SBM | 2025-08-11 | [US soybean prices jump after Trump urges China to quadruple orders \| Reuters](https://feedsoft.ai/events/12446-us-soybean-prices-jump-after-trump-urges-china-to-quadruple-orders-reuters.md) | +2.9% | +2.4% |
| SBM | 2019-02-02 | [Exclusive: China buys U.S. soybeans a day after trade talks - traders](https://feedsoft.ai/events/60471-exclusive-china-buys-u-s-soybeans-a-day-after-trade-talks-traders.md) | -1.8% | -1.8% |
| SBM | 2025-09-18 | [Soybean windfall brings pain to Argentina’s crushing industry amid US-China trade war](https://feedsoft.ai/events/13834-soybean-windfall-brings-pain-to-argentina-s-crushing-industry-amid-us-china.md) | -3.8% | -2.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/12/03/soybean-prices-jump-after-china-agrees-to-buy-substantial-us-agricultural-products-in-trade-truce.html
- reuters.com: https://www.reuters.com/article/business/exclusive-china-makes-first-big-us-soybean-purchase-since-trump-xi-truce-idUSKBN1OB29R/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.