# Soybean price surges, but traders wary | TheFencePost.com

> Soybean and other grain prices rose after Trump and Xi's G-20 dinner, where Trump said China would buy more US farm products and the US would hold tariffs at 10%. Agriculture Secretary Perdue said it was yet to be determined whether China would lift its retaliatory tariffs on US farm goods.

- Date: 2018-12-04 · published 2018-12-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/11527-soybean-price-surges-but-traders-wary-thefencepost-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Market gains depend on China following through with purchases and removing its tariffs on US farm goods. Without explicit commitments, buyers should expect the rally to be limited.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-12-04 | 5 | +8.7% | 3.5 | Grain prices rose after the G-20 dinner as China was expected to buy more US farm products, directly describing the rally's sentiment catalyst. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-04-07 | [China soybean meal prices surge amid U.S. trade war escalation](https://feedsoft.ai/events/25198-china-soybean-meal-prices-surge-amid-u-s-trade-war-escalation.md) | +6.7% | +6.2% |
| SOY | 2021-08-26 | [Record US Soybean Exports Contribute to Price Surge](https://feedsoft.ai/events/45590-record-us-soybean-exports-contribute-to-price-surge.md) | -5.1% | -4.6% |
| SOY | 2019-08-08 | [Chinese soybean buyers shy away from Brazilian cargoes as prices jump: traders](https://feedsoft.ai/events/57610-chinese-soybean-buyers-shy-away-from-brazilian-cargoes-as-prices-jump-traders.md) | +1.4% | +0.1% |
| SOY | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.9% | -2.1% |
| 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% |
| CORN | 2025-04-07 | [China soybean meal prices surge amid U.S. trade war escalation](https://feedsoft.ai/events/25198-china-soybean-meal-prices-surge-amid-u-s-trade-war-escalation.md) | +4.0% | -0.1% |
| CORN | 2025-10-27 | [After the Bell \| Soybeans surge on trade deal news - Pro Farmer](https://feedsoft.ai/events/4790-after-the-bell-soybeans-surge-on-trade-deal-news-pro-farmer.md) | +1.4% | +2.7% |
| CORN | 2020-09-28 | [US-China trade: soybeans, corn and cars surge, but Beijing still not close to meeting demands of deal \| South China Morning Post](https://feedsoft.ai/events/50984-us-china-trade-soybeans-corn-and-cars-surge-but-beijing-still-not-close-to.md) | +3.1% | +8.8% |

## Sources

- thefencepost.com: https://www.thefencepost.com/news/soybean-price-surges-but-traders-wary/

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