
China pledged to buy $17 billion of US farm goods annually through 2028, excluding soybeans, under a trade truce, but has not yet made the large non-soybean purchases expected after the May leaders' meeting. Heat and floods in China are threatening corn, sorghum and cotton crops, particularly during corn pollination in the North China Plain and in Xinjiang cotton areas.
Chinese weather losses could lift its import demand for corn, sorghum and cotton meal substitutes, supporting US feed grain and related prices. Delayed US purchase follow-through keeps trade uncertainty elevated.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.