
China bought just US$3.9 billion of non-soybean US farm goods in the first seven months of 2026. That is well short of the prorated US$17 billion commitment, with the tariff truce deadline approaching.
Weak Chinese purchases of US corn, sorghum and other non-soy farm goods reduce expected export demand and add downside pressure to those prices. Soybean purchases under a separate commitment are not part of this shortfall.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.