
China's commerce ministry said on November 5 that it will only expand purchases of U.S. agricultural products once the agreed '$30 billion for $30 billion' reciprocal tariff cuts are implemented. The ministry urged the US to also reduce non-tariff barriers and expand market access.
Chinese farm purchases stay uncertain until the tariff cuts are implemented, which weighs on expected US soybean and corn export demand and supports a cautious price outlook.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
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.