
Reuters customs analysis found China bought $7.2bn of US farm products other than soybeans in January–September 2026, the lowest for that period since 2019. The White House said in May that China committed to at least $17bn a year in non-soy purchases, prorated for 2026, and it has not clarified when that commitment clock starts.
Weak Chinese demand for US corn, meat and sorghum (with Brazil gaining share in sorghum) points to softer export demand for US feed grains, while soybean purchases remain on pace.
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.
After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.
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.