Reuters analysis of Chinese customs data found China bought about $7.2bn of US farm goods other than soybeans in January–September 2026, the lowest for that span since 2019. The White House has not said whether the $17bn annual target, prorated for 2026, began in May or awaits finalization of proposed Chinese tariff cuts.
Weak Chinese purchases of US corn, sorghum and beef reduce export demand for US feed ingredients, while Brazilian sorghum competition further limits US gains.
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.