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Trump and Xi's Beijing meeting produced few signed trade deals, though the White House later said China agreed to buy an extra US$17 billion of US farm products annually. Soybean futures had rallied to two-month highs before selling off after Treasury comments downplayed soybean inclusion.
China's 25 million tonne annual US soybean commitment remains in place.
Expected Chinese purchases of US soybeans drive demand expectations, and uncertainty about soybean inclusion keeps price direction unclear.
manitobacooperator.caPhil Franz-WarkentinMay 21, 2026After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
