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China's commerce ministry said after the Beijing summit that both sides agreed to expand farm trade through tariff reductions and non-tariff barrier talks, with agreements described as preliminary. Market watchers expect a 10% cut in soybean tariffs, which could let private Chinese crushers resume U.S. soybean purchases.
A tariff cut on soybeans would make U.S. beans more competitive for Chinese crushers, supporting U.S. soybean and meal demand.
channelnewsasia.comMay 16, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
