The United States and China agreed to provide more favorable tariff treatment to roughly $60 billion in bilateral trade, with about $30 billion of imports covered in each direction. More than 90% of the listed products are expected to receive most-favored-nation treatment and exemption from additional tariffs, but product lists, rates, and an implementation date have not yet been published.
Lower tariffs could improve access for U.S. agricultural exports to China, but the covered products and timing remain uncertain, so the direct effect on feed-commodity trade is unclear.
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.