
The United States extended all 178 tariff exclusions for Chinese goods through January 9, 2027. Treasury Secretary Scott Bessent said progress on the Busan arrangement depended on concrete results and that Washington would assess China's implementation, while USTR raised China's earlier agricultural purchase and critical-mineral commitments.
Extending the exclusions maintains the current tariff treatment for covered Chinese goods and avoids an immediate change in those import costs. The article does not identify an agricultural tariff change or a new commodity purchase that would shift feed-market balances directly.
After 1,802 past trade events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.7%), and +0.7% over 20.
After 1,982 past trade events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +1.6%), and +0.4% over 20.
After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.