# White House expands trade deal with China | World Grain

> Grain markets rallied on May 18 after the White House fact sheet said China would buy an additional $17 billion of U.S. farm products annually. Corn settled 4.7% higher, wheat rose across Kansas City, Minneapolis and Chicago, and July soybeans and soybean oil gained.

- Date: 2026-05-19 · published 2026-05-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14580-white-house-expands-trade-deal-with-china-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The rally reflects expectations of firmer Chinese demand for U.S. grains and oilseeds, lifting futures across the complex.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2026-05-17 | 1 | +2.8% | 3.2 | White House fact sheet on May 18 said China would buy an extra $17B of US farm products annually, and corn settled 4.7% higher, directly driving the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +2.8% | +0.3% |
| CORN | 2018-12-03 | [Grains React to U.S.-China Trade Truce, Close With Solid Gains](https://feedsoft.ai/events/5832-grains-react-to-u-s-china-trade-truce-close-with-solid-gains.md) | +6.8% | +8.4% |
| CORN | 2025-10-29 | [U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes - Grainews](https://feedsoft.ai/events/22451-u-s-grains-soybeans-set-15-month-high-on-u-s-china-trade-deal-hopes-grainews.md) | -0.2% | +0.8% |
| CORN | 2021-10-04 | [Why Biden will try to enforce Trump’s phase one trade deal with China \| PIIE](https://feedsoft.ai/events/44413-why-biden-will-try-to-enforce-trump-s-phase-one-trade-deal-with-china-piie.md) | -0.2% | +3.7% |
| CORN | 2025-10-27 | [U.S. grains: Soy hits four-month high on hopes for China trade deal - Manitoba Co-operator](https://feedsoft.ai/events/22452-u-s-grains-soy-hits-four-month-high-on-hopes-for-china-trade-deal-manitoba-co.md) | +1.4% | +2.7% |
| WHEAT | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +4.8% | +2.1% |
| WHEAT | 2025-10-29 | [U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes - Grainews](https://feedsoft.ai/events/22451-u-s-grains-soybeans-set-15-month-high-on-u-s-china-trade-deal-hopes-grainews.md) | -2.8% | -6.1% |
| WHEAT | 2025-10-27 | [U.S. grains: Soy hits four-month high on hopes for China trade deal - Manitoba Co-operator](https://feedsoft.ai/events/22452-u-s-grains-soy-hits-four-month-high-on-hopes-for-china-trade-deal-manitoba-co.md) | +3.8% | -1.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/22770-white-house-expands-trade-deal-with-china

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.