# China – U.S. Agriculture Companies Sign 11 Purchase Contracts/Agreements - U.S. Soybean Export Council

> The US Soybean Export Council reported that Chinese agriculture companies and US exporters signed 11 purchase agreements at a forum in Des Moines. Participants included ADM, Bunge, Cargill, CHS and COFCO International. The contracts were described as worth several billion dollars.

- Date: 2023-10-24 · published 2023-10-24T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/14807-china-u-s-agriculture-companies-sign-11-purchase-contracts-agreements-u-s
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Multi-billion-dollar contracts with major Chinese buyers support US soybean export expectations. Their price impact depends on whether the volumes are shipped.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-10-24 | [China signs US agriculture purchase agreements in first ceremony in years](https://feedsoft.ai/events/14802-china-signs-us-agriculture-purchase-agreements-in-first-ceremony-in-years.md) | -0.3% | +6.3% |
| SOY | 2017-11-13 | [U.S. Farmer Represents U.S. Soy During Signing Ceremonies in China - U.S. Soybean Export Council](https://feedsoft.ai/events/67858-u-s-farmer-represents-u-s-soy-during-signing-ceremonies-in-china-u-s-soybean.md) | +1.4% | +0.5% |
| SOY | 2025-11-14 | [U.S.–China Soybean Deal: Comparing Past Export Levels and Global Market Impacts - Center for Commercial Agriculture](https://feedsoft.ai/events/7893-u-s-china-soybean-deal-comparing-past-export-levels-and-global-market-impacts.md) | -0.8% | -4.9% |
| SOY | 2017-08-22 | [Chinese Buyers Ink $1.5 Billion of Contracts Prior to U.S. Soy Global Trade Exchange - U.S. Soybean Export Council](https://feedsoft.ai/events/69326-chinese-buyers-ink-1-5-billion-of-contracts-prior-to-u-s-soy-global-trade.md) | +0.3% | +3.5% |
| SOY | 2023-12-11 | [China significantly steps up US grain purchases \| Agriculture Dive](https://feedsoft.ai/events/14788-china-significantly-steps-up-us-grain-purchases-agriculture-dive.md) | +0.9% | -4.8% |
| CORN | 2023-10-24 | [China signs US agriculture purchase agreements in first ceremony in years](https://feedsoft.ai/events/14802-china-signs-us-agriculture-purchase-agreements-in-first-ceremony-in-years.md) | -4.3% | -4.8% |
| CORN | 2019-02-21 | [China to propose $30 billion more US agriculture purchases](https://feedsoft.ai/events/60478-china-to-propose-30-billion-more-us-agriculture-purchases.md) | -0.3% | +2.0% |
| CORN | 2022-03-04 | [China boosts US agriculture purchases over ‘very tight’ soybeans supply concerns, Ukraine corn worries \| South China Morning Post](https://feedsoft.ai/events/14948-china-boosts-us-agriculture-purchases-over-very-tight-soybeans-supply-concerns.md) | +0.8% | +7.2% |

## Sources

- ussec.org: https://ussec.org/news/china-u-s-agriculture-companies-sign-11-purchase-contracts-agreements/

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