# Chinese and U.S. Heads of State Witness Signing of MOU between COFCO and ADM - 中粮集团有限公司

> COFCO and ADM signed a memorandum of understanding on soybean trade in the presence of Presidents Xi Jinping and Donald Trump on November 9. The MOU covers 4 million tonnes of U.S. soybeans, and COFCO said it will deepen long-term cooperation with ADM.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/67859-chinese-and-u-s-heads-of-state-witness-signing-of-mou-between-cofco-and-adm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

The agreement adds to a cluster of Chinese soybean purchase commitments from the U.S., supporting export demand expectations for soybeans.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-03-22 | [China buying boatloads of U.S. corn](https://feedsoft.ai/events/47968-china-buying-boatloads-of-u-s-corn.md) | -1.1% | +2.4% |
| SOY | 2020-10-23 | [USTR and USDA Release Report on Agricultural Trade between the United States and China \| United States Trade Representative](https://feedsoft.ai/events/50499-ustr-and-usda-release-report-on-agricultural-trade-between-the-united-states.md) | -2.0% | +9.7% |
| SOY | 2020-05-14 | [China likely to speed up buying of U.S. farm goods: COFCO exec](https://feedsoft.ai/events/52981-china-likely-to-speed-up-buying-of-u-s-farm-goods-cofco-exec.md) | +1.3% | +3.6% |
| SOY | 2020-02-06 | [How Chinese tariffs on U.S. imports will stand after February 14 cuts](https://feedsoft.ai/events/54475-how-chinese-tariffs-on-u-s-imports-will-stand-after-february-14-cuts.md) | +1.4% | +1.0% |
| SOY | 2019-02-02 | [China's COFCO buys million-tonne batch of U.S. soybeans](https://feedsoft.ai/events/60472-china-s-cofco-buys-million-tonne-batch-of-u-s-soybeans.md) | -0.4% | -1.6% |

## Sources

- cofco.com: https://www.cofco.com/en/News/Allnews/2017/1109/47204.html

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