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Analysts expected the May 14-15 Trump-Xi summit might produce a farm deal expanding Chinese purchases of grains and meat. Major new soybean purchases beyond the October agreement were not expected.
Corn, sorghum, milling wheat, poultry and meat were seen as likely targets.
Expected Chinese purchases of corn, sorghum, wheat and meat would support US export demand for those commodities. Limited soybean buying keeps soy prices sensitive to disappointment.
agweb.comMay 12, 2026After 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.
Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 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.
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.
