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A Trump-Xi meeting produced a Chinese commitment to buy $17 billion of US agricultural products annually in 2026, 2027 and 2028, on top of October 2025 soybean pledges. The expanded pledges would include corn, cotton, sorghum, wheat and beef.
If met, the purchases would restore US-China ag trade to pre-2025 levels and lift US corn, sorghum, wheat and soybean demand while displacing Argentine, Brazilian and Canadian supplies.
csis.orgAnalysis by Hugh Grant-ChapmanJun 1, 2026After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), 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.
