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USTR Jamieson Greer said China has bought about $4 billion of US ag goods, leaving roughly $10 billion plus half of the 25 million tonne soybean commitment to buy by year-end, or about $1.2 billion weekly. Western Corn Belt soybean basis reached $2 over the board amid harvest delays, and corn and soybeans rallied on trade progress news.
The required weekly purchase pace implies sustained Chinese demand that supports US corn and soybean prices, though the gap to target leaves the outlook dependent on delivery.
agribusinesswire.comRebecca StoneOct 9, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
