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China's Commerce Ministry said on November 5 that it is willing to buy more US farm products but that reciprocal tariff reductions covering $60 billion of goods each country imports from the other must first be finalized and put into effect. The ministry framed the condition as a prerequisite for expanded agricultural cooperation.
Increased Chinese purchases of US farm goods depend on the tariff deal being implemented, so near-term export demand for US grains and soybeans remains uncertain. Progress on the tariff cuts would be mildly supportive for US farm commodity prices.
tvdelmarva.comTV Delmarva NewsroomNov 5, 2026After 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.
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.
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.
