# Blue Wave Selloff Hits US Farm Products, Export Outlook to China Clouded

> US farm commodity prices fell after Republicans lost heavily in the US midterm elections and Democrats gained ground. Chicago corn futures touched $4.40 a bushel on Nov 5, a four-month low, and wheat dipped below $6. Uncertainty over US farm exports to China grew ahead of a planned US-China summit.

- Date: 2026-11-10 · published 2026-11-12T01:37:26.065Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/94689-blue-wave-selloff-hits-us-farm-products-export-outlook-to-china-clouded
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Doubt over Chinese purchases of US corn and wheat adds downside pressure to prices and weighs on export demand. Feed buyers may see softer US corn and wheat quotes, though the move depends on how the summit goes.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-07 | [Trump's tariff threat puts US farm exports to China at risk](https://feedsoft.ai/events/14703-trump-s-tariff-threat-puts-us-farm-exports-to-china-at-risk.md) | -0.1% | -2.4% |
| CORN | 2024-02-08 | [US farm exports hit three-year low in 2023 as China slows buying](https://feedsoft.ai/events/14771-us-farm-exports-hit-three-year-low-in-2023-as-china-slows-buying.md) | -1.4% | +1.6% |
| CORN | 2025-03-04 | [China slaps extra tariffs of up to 15% on imports of major US farm exports \| AP News](https://feedsoft.ai/events/14677-china-slaps-extra-tariffs-of-up-to-15-on-imports-of-major-us-farm-exports-ap.md) | +3.2% | +4.7% |
| CORN | 2024-11-13 | [How China reduced its reliance on US farm imports and sharpened its trade war toolkit](https://feedsoft.ai/events/14702-how-china-reduced-its-reliance-on-us-farm-imports-and-sharpened-its-trade-war.md) | -0.5% | +1.0% |
| CORN | 2025-08-25 | [Tariff escalations trigger another decline in US farm exports to China](https://feedsoft.ai/events/14640-tariff-escalations-trigger-another-decline-in-us-farm-exports-to-china.md) | +1.9% | +7.4% |
| WHEAT | 2019-07-01 | [What extra U.S. farm products could China buy?](https://feedsoft.ai/events/57950-what-extra-u-s-farm-products-could-china-buy.md) | -9.6% | -11.1% |
| WHEAT | 2024-02-08 | [US farm exports hit three-year low in 2023 as China slows buying](https://feedsoft.ai/events/14771-us-farm-exports-hit-three-year-low-in-2023-as-china-slows-buying.md) | -4.2% | -1.8% |
| WHEAT | 2018-04-04 | [China Tariff Threat Prompts U.S. Farmers to Weigh Changes](https://feedsoft.ai/events/65377-china-tariff-threat-prompts-u-s-farmers-to-weigh-changes.md) | +0.7% | +6.9% |

## Sources

- nikkei.com: https://www.nikkei.com/article/DGXZQOUB0627D0W6A101C2000000/

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