
China bought only $3.9 billion of US agricultural products in the first seven months of 2026, according to USDA data. That was only slightly above the same period last year.
Weak Chinese purchases of US farm goods reduce export demand and leave US grain and oilseed prices vulnerable to further downside.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.