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China has begun limited purchases of US farm goods following a Trump-Xi meeting. The article notes China has largely avoided US wheat and soybeans in favour of other supplies after rounds of tit-for-tat tariffs.
Renewed Chinese buying would support US soybean and wheat export demand, but the limited scale of purchases leaves prices vulnerable to disappointment.
reuters.comNaveen Thukral, Ella CaoNov 6, 2025After 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 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
Limited Chinese purchases of US farm goods, with wheat largely avoided, undercut the demand expectations built into the rally.
