# Grains React to U.S.-China Trade Truce, Close With Solid Gains

> March corn gapped higher after the US-China trade agreement at the G20 suspended new tariffs for 90 days and China signaled large purchases of US farm and other goods. Export inspections remained far above year-ago levels, while China's 25% tariff on US corn, milo and soybeans is still in place.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/5832-grains-react-to-u-s-china-trade-truce-close-with-solid-gains
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Suspended tariffs and expected Chinese buying support US soybean and corn prices. Prices stay capped until the tariff is removed and actual purchases are confirmed.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2018-12-03 | 1 | +6.8% | 5.8 | The US-China G20 trade truce suspended new tariffs for 90 days and signaled large Chinese purchases of US farm goods, so March corn gapped higher on the demand and trade-flow outlook. |
| CORN | 2018-12-03 | 5 | +7.9% | 3.3 | US-China G20 truce suspending new tariffs for 90 days and signaling large farm purchases caused March corn to gap higher, directly driving the move ending Dec 3. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-16 | [U.S. grains: Soy climbs as U.S., China plan to restart trade talks - Manitoba Co-operator](https://feedsoft.ai/events/63566-u-s-grains-soy-climbs-as-u-s-china-plan-to-restart-trade-talks-manitoba-co.md) | +0.1% | -4.1% |
| SOY | 2026-05-19 | [White House expands trade deal with China \| World Grain](https://feedsoft.ai/events/14580-white-house-expands-trade-deal-with-china-world-grain.md) | -2.2% | -6.8% |
| SOY | 2017-02-14 | [U.S. Agricultural Trade with China (02/14/2017)](https://feedsoft.ai/events/72354-u-s-agricultural-trade-with-china-02-14-2017.md) | -2.7% | -6.4% |
| SOY | 2025-10-29 | [U.S. grains: Soybeans set 15-month high on U.S.-China trade deal hopes - Grainews](https://feedsoft.ai/events/22451-u-s-grains-soybeans-set-15-month-high-on-u-s-china-trade-deal-hopes-grainews.md) | +2.8% | +4.3% |
| SOY | 2019-04-04 | [U.S. grains: Trade hopes spur gains in soy futures - Grainews](https://feedsoft.ai/events/59635-u-s-grains-trade-hopes-spur-gains-in-soy-futures-grainews.md) | +0.4% | -7.6% |
| CORN | 2018-08-16 | [U.S. grains: Soy climbs as U.S., China plan to restart trade talks - Manitoba Co-operator](https://feedsoft.ai/events/63566-u-s-grains-soy-climbs-as-u-s-china-plan-to-restart-trade-talks-manitoba-co.md) | -1.7% | -3.7% |
| CORN | 2026-05-19 | [White House expands trade deal with China \| World Grain](https://feedsoft.ai/events/14580-white-house-expands-trade-deal-with-china-world-grain.md) | -1.7% | -9.5% |
| CORN | 2017-02-14 | [U.S. Agricultural Trade with China (02/14/2017)](https://feedsoft.ai/events/72354-u-s-agricultural-trade-with-china-02-14-2017.md) | -0.2% | -2.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/12/03/grains-react-u-s-china-trade-truce

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