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China's commerce ministry said it will buy more American agricultural goods only if both countries first agree on reciprocal tariff reductions. The $60 billion package, which includes about $17 billion of US farm goods, has not been finalized, and China's purchases of other US farm products fell to their lowest January-September level since 2019.
Chinese demand for US farm goods remains weak and conditional, which keeps pressure on US soybean and corn export prices until a deal is finalized.
indexbox.ioNov 5, 2026After 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.
