# China Needs $1.2B/Week in U.S. Ag Buys to Hit Trade Deal — Agribusiness Wire

> 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.

- Date: 2026-10-09 · published 2026-10-09T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14540-china-needs-1-2b-week-in-u-s-ag-buys-to-hit-trade-deal-agribusiness-wire
- 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

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.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-07-11 | [China to buy U.S. soybeans to meet market demand \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network.md) | -3.5% | -5.9% |
| SOY | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -1.7% | -1.7% |
| SOY | 2017-02-14 | [U.S. Agricultural Trade with China (02/14/2017)](https://feedsoft.ai/events/72354-u-s-agricultural-trade-with-china-02-14-2017.md) | -2.7% | -6.4% |
| SOY | 2017-11-10 | [China, US sign more business deals during Trump visit \| AP News](https://feedsoft.ai/events/67861-china-us-sign-more-business-deals-during-trump-visit-ap-news.md) | -0.3% | +1.5% |
| SOY | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +4.2% | +8.4% |
| CORN | 2019-03-04 | [U.S. and China Near a Trade Deal to Drop Tariffs](https://feedsoft.ai/events/59969-u-s-and-china-near-a-trade-deal-to-drop-tariffs.md) | -2.2% | -1.8% |
| CORN | 2018-04-10 | [In Trade War, U.S. Soy May Be Safe - Rabobank - AgriBusiness Global](https://feedsoft.ai/events/65548-in-trade-war-u-s-soy-may-be-safe-rabobank-agribusiness-global.md) | -0.6% | +2.5% |
| CORN | 2019-02-19 | [Corn could be big winner in China trade deal - Brownfield Ag News](https://feedsoft.ai/events/60634-corn-could-be-big-winner-in-china-trade-deal-brownfield-ag-news.md) | +0.2% | +1.4% |

## Sources

- agribusinesswire.com: https://agribusinesswire.com/articles/china-needs-1-2-billion-a-week-in-u-s-ag-buys-to-hit-deal-target-ecbc87b5

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