# U.S. pressed China on farm goods purchases, lifting soybean futures

> U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer urged Chinese Vice Premier He Lifeng to fulfill agricultural-purchase and other commitments made at the Busan meeting. Soybean futures initially rose following the call but later gave up their gains as traders weighed the prospect of Chinese buying against expectations for a larger U.S. crop.

- Date: 2026-11-09 · published 2026-11-09T15:06:01.704Z
- Category: trade · region United States and China · magnitude medium
- Page: https://feedsoft.ai/events/89617-u-s-pressed-china-on-farm-goods-purchases-lifting-soybean-futures
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

If China follows through on its purchase pledges, export demand for U.S. soybeans could strengthen and support prices. Expectations for increased U.S. production are a countervailing bearish influence.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-04-27 | [US-China phase one tracker: China’s purchases of US goods - WITA](https://feedsoft.ai/events/47449-us-china-phase-one-tracker-china-s-purchases-of-us-goods-wita.md) | -0.6% | -2.9% |
| SOY | 2025-11-05 | [Beijing lifts some tariffs on US farm goods but soybeans stay costly \| Reuters](https://feedsoft.ai/events/14621-beijing-lifts-some-tariffs-on-us-farm-goods-but-soybeans-stay-costly-reuters.md) | +0.5% | +0.7% |
| SOY | 2025-09-25 | [China signals that purchases of US soybeans hinge on tariff removal \| Reuters](https://feedsoft.ai/events/14632-china-signals-that-purchases-of-us-soybeans-hinge-on-tariff-removal-reuters.md) | +0.4% | +2.6% |
| SOY | 2019-12-14 | [Factbox: A lot of soy, a little rice - China's historical U.S. agricultural purchases](https://feedsoft.ai/events/55442-factbox-a-lot-of-soy-a-little-rice-china-s-historical-u-s-agricultural-purchases.md) | +2.3% | +2.3% |
| SOY | 2025-12-05 | [Recent Chinese Purchases of U.S. Soybeans: Strategic Buying Overriding Fundamentals](https://feedsoft.ai/events/14617-recent-chinese-purchases-of-u-s-soybeans-strategic-buying-overriding.md) | -2.3% | -6.5% |

## Sources

- qz.com: https://qz.com/us-china-farm-purchases-soybean-futures-110926

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.