China's tariff cut plans skip soybeans, spurring hopes for higher buys of other US farm goods

After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.

• Apr 15, 2019China to consider US request to shift tariffs on farm goods - The Business Times+0.4%
• May 11, 2018China looking to rely less on US for soybeans-0.1%
• Oct 2, 2026US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post-1.6%
• Jun 1, 2026Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans-5.0%
• Jun 28, 2025Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald-0.2%

After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.

• Apr 15, 2019China to consider US request to shift tariffs on farm goods - The Business Times-2.0%
• Oct 2, 2026US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post-3.2%
• Jun 1, 2026Latest U.S.-China Agriculture Talks Expand Purchasing Pledges Beyond Soybeans-2.6%
• Apr 21, 2021China Seeking Alternatives to Corn and Soybean Meal | Red River Farm Network+4.5%
• Sep 25, 2025U.S. grains: Soybean futures edge up as Argentina ends export tax waiver | Farmtario-0.8%

After 554 past neutral policy events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% over 20.

• Jan 13, 2020Argentine farmers increased forward selling of soybeans to avoid higher export taxes — MercoPress-0.6%
• Dec 17, 2018Trump Writes Soybean Farmers Second Check for Tariff Troubles-1.7%
• Mar 3, 2020US domestic soybean oil demand could rise this year: sources | S&P Global-3.0%
• Nov 23, 2021Indian farmers hold soybeans as government measures cut prices-4.5%
• Apr 30, 2025China’s reliance on soybean imports continues despite cutback plans | Sea and Job-0.6%