# Ag groups want to decrease reliance on China | Feed & Grain

> Several major U.S. agriculture groups sent a letter to 2024 presidential candidates urging new free trade agreements and calling for China to be held accountable without retaliatory tariffs. The letter emphasizes maintaining access to China, the largest U.S. farm export market.

- Date: 2023-09-08 · published 2023-09-08T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/34092-ag-groups-want-to-decrease-reliance-on-china-feed-and-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reduced reliance on China and avoidance of retaliatory tariffs matter for U.S. soybean, corn and meat export demand, but the letter itself is a policy position with no immediate price effect.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-05-27 | [Ag Groups Call for Tariff Relief to Help Ease Inflation - AgWeb](https://feedsoft.ai/events/41382-ag-groups-call-for-tariff-relief-to-help-ease-inflation-agweb.md) | -1.7% | -5.6% |
| SOY | 2021-06-30 | [Report: China Changes Buying Tactics \| Feed & Grain](https://feedsoft.ai/events/46561-report-china-changes-buying-tactics-feed-and-grain.md) | +2.0% | +5.3% |
| SOY | 2022-04-06 | [China Diversifies Ag Imports, U.S. Gets Smaller Piece \| Feed & Grain](https://feedsoft.ai/events/14945-china-diversifies-ag-imports-u-s-gets-smaller-piece-feed-and-grain.md) | +2.4% | +2.4% |
| SOY | 2017-01-06 | [Ag Groups to Trump: Don't Forget About Us on Trade](https://feedsoft.ai/events/72986-ag-groups-to-trump-don-t-forget-about-us-on-trade.md) | +2.8% | +2.3% |
| SOY | 2019-03-14 | [Grains Mixed, Trade Attempts to Sort Through China Rumors](https://feedsoft.ai/events/6537-grains-mixed-trade-attempts-to-sort-through-china-rumors.md) | +1.9% | +1.5% |
| CORN | 2022-05-27 | [Ag Groups Call for Tariff Relief to Help Ease Inflation - AgWeb](https://feedsoft.ai/events/41382-ag-groups-call-for-tariff-relief-to-help-ease-inflation-agweb.md) | -4.1% | -4.3% |
| CORN | 2021-06-30 | [Report: China Changes Buying Tactics \| Feed & Grain](https://feedsoft.ai/events/46561-report-china-changes-buying-tactics-feed-and-grain.md) | -0.4% | -10.6% |
| CORN | 2022-04-06 | [China Diversifies Ag Imports, U.S. Gets Smaller Piece \| Feed & Grain](https://feedsoft.ai/events/14945-china-diversifies-ag-imports-u-s-gets-smaller-piece-feed-and-grain.md) | -1.9% | -6.1% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/grain-trade-export/news/15546632/ag-groups-want-to-decrease-reliance-on-china

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