# Keynote Speech by H.E. Ambassador Xie Feng at the U.S.-China Sustainable Agricultural Trade Forum & Contract Signing Ceremony_Embassy of the People's Republic of China in the United States of America

> Chinese Ambassador Xie Feng delivered a keynote speech at the US-China Sustainable Agricultural Trade Forum in Iowa. He stressed that China is the largest market for US agricultural exports and the biggest buyer of American soybeans, corn, cotton and hay.

- Date: 2023-10-25 · published 2023-10-25T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14803-keynote-speech-by-h-e-ambassador-xie-feng-at-the-u-s-china-sustainable
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The speech signals political intent to keep buying US farm goods but adds no new volumes or prices. Its market effect is minor and mostly reflects the signing ceremony.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-10-23 | [USTR and USDA Release Report on Agricultural Trade between the United States and China \| United States Trade Representative](https://feedsoft.ai/events/50499-ustr-and-usda-release-report-on-agricultural-trade-between-the-united-states.md) | -2.0% | +9.7% |
| SOY | 2026-05-20 | [China again flags tariff cuts for US agricultural trade after Trump-Xi meeting, but still no details \| Reuters](https://feedsoft.ai/events/14576-china-again-flags-tariff-cuts-for-us-agricultural-trade-after-trump-xi-meeting.md) | -2.0% | -6.4% |
| SOY | 2023-10-24 | [China Engages in First US Farm-Good Signing Ceremony Since Trump Trade Dispute - Bloomberg](https://feedsoft.ai/events/14805-china-engages-in-first-us-farm-good-signing-ceremony-since-trump-trade-dispute.md) | -0.3% | +6.3% |
| SOY | 2019-07-04 | [Australian Agriculture Sector Likely To Get Impacted From The U.S-China Trade Truce](https://feedsoft.ai/events/58043-australian-agriculture-sector-likely-to-get-impacted-from-the-u-s-china-trade.md) | +1.2% | -4.3% |
| SOY | 2019-09-09 | [U.S., China Trade Talks Set to Resume; Agricultural Export Markets Continue to Adjust \| Farm Policy News \| Illinois](https://feedsoft.ai/events/10853-u-s-china-trade-talks-set-to-resume-agricultural-export-markets-continue-to.md) | +4.7% | +8.4% |
| CORN | 2020-10-23 | [USTR and USDA Release Report on Agricultural Trade between the United States and China \| United States Trade Representative](https://feedsoft.ai/events/50499-ustr-and-usda-release-report-on-agricultural-trade-between-the-united-states.md) | +0.8% | +10.6% |
| CORN | 2023-10-24 | [China Engages in First US Farm-Good Signing Ceremony Since Trump Trade Dispute - Bloomberg](https://feedsoft.ai/events/14805-china-engages-in-first-us-farm-good-signing-ceremony-since-trump-trade-dispute.md) | -4.3% | -4.8% |
| CORN | 2016-12-15 | [United States Challenges Chinese Grain Tariff Rate Quotas for Rice, Wheat, and Corn \| United States Trade Representative](https://feedsoft.ai/events/73335-united-states-challenges-chinese-grain-tariff-rate-quotas-for-rice-wheat-and.md) | -2.2% | +0.5% |

## Sources

- us.china-embassy.gov.cn: https://us.china-embassy.gov.cn/eng/dshd/202310/t20231026_11168561.htm

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