
Chinese officials were in talks with U.S. counterparts to buy American corn, sorghum, distillers dried grains and soybeans during Trump's China visit. Volumes and timing were still being discussed, and the deal depended on a broader agreement.
Prospective Chinese purchases of corn, sorghum and DDGS would add export demand and support U.S. feed grain prices if finalized.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
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.
Reports of Chinese talks to buy US corn, sorghum and DDGS raised prospects of export demand ahead of the announcement.