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China extended its trade truce with the United States until January 10, 2027, keeping an additional 24% tariff on U.S. imports suspended while the existing 10% tariff remains in place. No new purchases of U.S. farm goods were announced, and a proposed package of reciprocal tariff reductions remains unfinished.
Keeping the additional tariff suspended reduces the near-term risk of barriers to U.S. agricultural exports, including soybeans and grains. Without purchase commitments, however, the extension does not ensure stronger demand or higher prices.
agrolatam.comEmily TraskNov 9, 2026After 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 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
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.
