Details of the US-China agricultural tariff framework show China's list includes corn, sorghum, wheat, rice, cotton, meat, dairy and ethanol for an eventual 10% tariff cut. Soybeans are treated separately under a commitment to buy at least 25 million tons annually.
Tariff relief on corn and sorghum could lift Chinese purchases and tighten low US corn stocks-to-use, supporting corn prices over time, though the timing is uncertain.
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.
Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 189 past bullish trade events, RICE moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.