What specific soybean purchase commitment did US Trade Representative Jamieson Greer announce China has made?

Jamieson Greer announced that China has agreed to buy 25 million tons of US soybeans annually over the next few years, a commitment struck during talks between Trump and Xi Jinping; he stated most of these sales are expected to occur later this year, aligning with China’s typical post-harvest purchasing pattern starting around September.

How did market prices for soybeans and corn respond to the US announcement about Chinese agricultural purchases?

Soybean futures in Chicago rose as much as 0.8%, corn climbed as much as 1.3%, and wheat edged higher following the announcement; however, grain markets had fallen the previous day due to a lack of concrete details on volumes and timing of purchases amid the ongoing Trump–Xi talks.

Soy and Corn Futures Rise as US Signals Increased Chinese Purchases

May 14, 2026

US Trade Representative Jamieson Greer announced China plans to purchase billions worth of American farm goods, including 25 million tons of soybeans annually. Markets reacted positively with soybean and corn futures gaining on expectations of restored trade flows.

bloomberg

2026-05-14

Soy and Corn Futures Rise as US Signals Increased Chinese Purchases

Soy and Corn Futures Rise as US Signals Increased Chinese Purchases

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