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Deputy Agriculture Secretary Stephen Vaden says China is on track to buy 25 million metric tons of US soybeans over this year and next, on top of $17 billion in annual ag purchases. He also said the administration is considering lifting countervailing duties on Russian and Moroccan fertilizer.
Official confidence in Chinese purchase commitments supports US soybean demand, while a possible easing of fertilizer duties could lower input costs for US growers over time.
agri-pulse.comKim ChipmanJun 3, 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 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% over 20.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
