# U.S. grains: Prices slip after rallying on trade deal - Grainews

> CBOT grain and soybean futures eased on December 18 after a week of gains on the U.S.-China trade agreement. Traders doubted projections that Chinese purchases would reach $40-50 billion within two years. Chinese importers bought at least two US soybean cargoes after a tariff-free quota round.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/9218-u-s-grains-prices-slip-after-rallying-on-trade-deal-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Doubts about the pace of Chinese buying cap the trade-deal rally, and Brazilian harvest arrivals next month may end China's large US purchases. This points to softer soybean and meal prices near term.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +0.2% | -0.8% |
| SOY | 2021-12-23 | [China to fall short on promises to U.S. as trade deal ends](https://feedsoft.ai/events/14969-china-to-fall-short-on-promises-to-u-s-as-trade-deal-ends.md) | -0.1% | +6.4% |
| SOY | 2019-03-22 | [U.S. grains: Corn up on China buying, flood worries - Grainews](https://feedsoft.ai/events/9642-u-s-grains-corn-up-on-china-buying-flood-worries-grainews.md) | -2.3% | -3.3% |
| SOY | 2026-09-28 | [Grains fall as traders seek China buying signs after tariff cuts](https://feedsoft.ai/events/14545-grains-fall-as-traders-seek-china-buying-signs-after-tariff-cuts.md) | -0.8% | -3.3% |
| SOY | 2018-01-16 | [USDA Trade Data Update: Focus on Soybeans and Grains - Farm Policy News](https://feedsoft.ai/events/9200-usda-trade-data-update-focus-on-soybeans-and-grains-farm-policy-news.md) | +4.3% | +6.1% |
| WHEAT | 2020-05-02 | [U.S. grains: Soybeans slide on renewed trade tensions with China - Grainews](https://feedsoft.ai/events/53163-u-s-grains-soybeans-slide-on-renewed-trade-tensions-with-china-grainews.md) | +3.0% | +3.0% |
| WHEAT | 2019-04-04 | [U.S. grains: Trade hopes spur gains in soy futures - Grainews](https://feedsoft.ai/events/59635-u-s-grains-trade-hopes-spur-gains-in-soy-futures-grainews.md) | +3.0% | -2.8% |
| WHEAT | 2018-06-26 | [Grain and oilseed prices fall amid trade uncertainty \| 2018-06-26  \| Food Business News](https://feedsoft.ai/events/8581-grain-and-oilseed-prices-fall-amid-trade-uncertainty-2018-06-26-food-business.md) | -4.9% | -0.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-prices-slip-after-rallying-on-trade-deal/

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