Bessent, Greer issue statements on call to China on ag purchases

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.

• Apr 25, 2021The U.S.-China Phase 1 Trade Agreement— Purchases of goods and services by China continue to lag dramatically behind commitments - WITA+13.6%
• Apr 27, 2021US-China phase one tracker: China’s purchases of US goods - WITA+4.7%
• Jul 22, 2026China's US Ag Purchases Slightly Lag, But Year-End Target | NewsFormal+0.7%
• Sep 13, 2019China's soybean purchase keeps rally alive+3.9%
• Sep 8, 2023Ag groups want to decrease reliance on China | Feed & Grain-1.3%

After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.

• Apr 25, 2021The U.S.-China Phase 1 Trade Agreement— Purchases of goods and services by China continue to lag dramatically behind commitments - WITA+2.0%
• Mar 23, 2020Agencies Cite China Moves on Phase One Agreement+2.2%
• Apr 27, 2021US-China phase one tracker: China’s purchases of US goods - WITA-0.6%
• Jan 20, 2026China meets initial soybean purchase goal, but trade agreement faces uncertainty | AP News+0.4%
• Oct 18, 2019After trade talks in U.S., China ramps up Brazilian soy purchases+0.2%

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.

• Dec 15, 2023US wheat recovery stalls on lack of Chinese purchases | Stock Journal | SA+2.0%
• Jun 1, 2026Explainer: What do China's new US farm purchases mean for global trade?-2.6%
• Dec 10, 2019Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal | Financial Post+2.5%
• Mar 18, 2021Processors Struggle to Source as China Buys U.S. Corn | Feed & Grain+0.9%
• Mar 4, 2025China’s grains, oilseeds procurement to see limited impact from US agricultural tariffs+0.1%