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China's Ministry of Commerce said on July 2 that the two sides agreed in principle to include agricultural products in a reciprocal tariff reduction framework. It also said both countries aim to expand two-way farm trade, with purchases left to businesses based on market conditions and demand.
A tariff rollback on US farm goods would lower the landed cost of US soybeans and could lift Chinese purchases, supporting US soybean prices relative to Brazilian supply.
english.mofcom.gov.cnMOFCOMJul 10, 2026After 696 past bullish trade events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
