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US Treasury Secretary Scott Bessent said Washington and Beijing agreed under a new bilateral Board of Trade to give more favourable tariff treatment to $30 billion of non-sensitive goods in each direction. The board also launched a working group on agricultural trade barriers, and Bessent said China had agreed to import at least 25 million tonnes of US soybeans over two years.
The soybean purchase commitment supports US soybean export demand and prices, while the tariff framework lowers trade friction for affected goods. Details of the goods lists and the timing of purchases will determine how much of the commitment reaches the market.
devdiscourse.comANINov 11, 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.
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.
