China Open to Expanding US Farm Purchases but Says Reciprocal Tariff Cuts Must Come First

After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.

• Sep 25, 2025China says it will resume US soybean purchases following a rollback in tariffs | S&P Global+0.4%
• Jun 19, 2020Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder-0.4%
• Sep 13, 2019China adds some US farm products for additional tariff exemption+1.1%
• Aug 18, 2024China says has begun purchase of more US farm goods  | Pulse Kenya+1.4%
• Feb 21, 2020To meet goals, China will be 'ramping up' U.S. ag purchases, says Perdue-0.7%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Jul 22, 2026China's US Ag Purchases Slightly Lag, But Year-End Target | NewsFormal+0.7%
• Jul 30, 2020China needs 'explosive' buying to meet U.S. farm import target-0.7%
• Feb 22, 2026Will China keep buying U.S. soybeans after tariff ruling? USTR brushes off worries. - Pro Farmer+2.1%
• Sep 28, 2026Grains fall as traders seek China buying signs after tariff cuts-0.4%
• Apr 27, 2021US-China phase one tracker: China’s purchases of US goods - WITA+4.7%

After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.

• Jun 1, 2026Explainer: What do China's new US farm purchases mean for global trade?-2.6%
• Feb 22, 2026Will China keep buying U.S. soybeans after tariff ruling? USTR brushes off worries. - Pro Farmer+1.7%
• Sep 28, 2026Grains fall as traders seek China buying signs after tariff cuts-2.4%
• Sep 29, 2026US soybeans rise on bargain buying, China tariff decision limits gains - Markets - Business Recorder-3.1%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.5%