# Trade truce with China could boost US beef, soybeans and other agriculture products

> The U.S. and China issued a joint statement agreeing to meaningful increases in U.S. agriculture and energy exports, easing a heated trade dispute. Morgan Stanley estimated a potential $60-90 billion rise in Chinese purchases of U.S. goods, with beef likely benefiting in the near term.

- Date: 2018-05-21 · published 2018-05-21T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/64915-trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher Chinese purchases of U.S. beef, soybeans and corn would support domestic cattle, soybean and corn prices. The statement lacks specifics, so the price effect depends on the details of the coming negotiations.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | -0.5% | +12.3% |
| LCATTLE | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +2.6% | +7.4% |
| LCATTLE | 2020-01-23 | [Big wins on trade could mean big things for cattle and hog prices - Brownfield Ag News](https://feedsoft.ai/events/55229-big-wins-on-trade-could-mean-big-things-for-cattle-and-hog-prices-brownfield-ag.md) | -1.7% | -4.0% |
| LCATTLE | 2026-10-27 | [US-Mexico Cattle Trade and Beef Markets](https://feedsoft.ai/events/580-us-mexico-cattle-trade-and-beef-markets.md) | -3.0% | — |
| LCATTLE | 2026-07-01 | [Soybeans Rally as China Finally Buys, Will They Buy Corn? Cattle Surge on Higher Cash, Cutouts](https://feedsoft.ai/events/18826-soybeans-rally-as-china-finally-buys-will-they-buy-corn-cattle-surge-on-higher.md) | -4.9% | -11.4% |
| SOY | 2018-12-03 | [Soybeans jump after China agrees to buy 'substantial' US ag products in trade truce](https://feedsoft.ai/events/11522-soybeans-jump-after-china-agrees-to-buy-substantial-us-ag-products-in-trade.md) | +1.7% | +0.0% |
| SOY | 2020-04-24 | [China buying more US beef and soybeans - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/53504-china-buying-more-us-beef-and-soybeans-agweek-1-source-for-agriculture-news.md) | +1.3% | -0.5% |
| SOY | 2022-10-31 | [Agriculture trade with US going strong - Chinadaily.com.cn](https://feedsoft.ai/events/14895-agriculture-trade-with-us-going-strong-chinadaily-com-cn.md) | +4.6% | +5.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/05/21/trade-truce-with-china-could-boost-us-beef-soybeans-and-other-agriculture-products.html

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