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Trump's pick for Treasury secretary, Scott Bessent, said he would push to enforce China's purchase commitments under the 2020 phase one deal if confirmed. The deal committed China to buying more US farm goods over two years, and Beijing fell well short.
Senator Roger Marshall said the approach could be feasible.
Enforcing purchase guarantees could support Chinese demand for US soybeans and corn if new tariffs are imposed. The idea remains speculative without a new agreement, so the price effect is uncertain.
agri-pulse.comOliver WardJan 22, 2025After 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 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.
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.
