US Says China to Buy $17 Billion in Farm Goods Annually

China has agreed to buy at least $17 billion of agricultural products annually through 2028, the US said after Donald Trump and Xi Jinping held a major summit in Beijing last week. Bloomberg's Stephen Engle has the details.

Bloomberg Markets and Finance • May 18, 2026

Agricultural ETFs to Gain as China Pledges to Buy $17B of US Crops

China's $17B annual U.S. crop pledge through 2028 could lift agricultural ETFs like TAGS as soybean, beef, and poultry exports set to rebound.

Zacks Investment Research • May 18, 2026

White House touts deals on soybeans and rare earths after Trump-Xi summit, while China talks up tariff cuts

China will buy $17 billion of U.S. agricultural products each year through 2028, the White House said. The U.S. readout also mentioned access to rare earths, while China's did not.

CNBC • May 18, 2026

Cocoa Prices Jump Over 15% as Investors Reposition

EXCLUSIVE: Cocoa is on course to rise by 15% after hitting its highest level in over three months this week, though prices are unlikely to return to levels seen in 2025, analysts say.

WSJ • May 8, 2026

Widespread Drought Adds to Stresses for U.S. Farmers. Food Prices Are a Focus.

Just in time for the start of the growing season, the National Drought Mitigation Center's latest data says that 51% of U.S. states and Puerto Rico are in moderate drought or worse.

Barrons • Apr 20, 2026

Soybeans Surge as Trump Stokes Hope of More China Purchases

Soybean futures rose more than 2% after President Trump suggested China may buy an additional 8 million tons of soybeans from the U.S. this season.

WSJ • Feb 4, 2026

Soybean prices surge to highest level this year, as Trump surprises market with plan for more sales to China

The sort of buying President Trump outlined from China seems “unlikely on many fronts, but neither can the possibility be ignored,” analyst says.

Market Watch • Feb 4, 2026

Trump to announce $12 billion aid package for farmers caught up in trade war

President Donald Trump will announce a $12 billion aid package for U.S. farmers, described as "bridge payments" to smooth the transition away from Biden-era economic policies. Some in America's agriculture industry say they are suffering as a result of Trump's wide-ranging trade war — especially due to conflicts with China, a major U.S. customer.

CNBC • Dec 8, 2025

Why Trump's new $12 billion farm aid package is just a Band-Aid for struggling soybean growers

The Trump administration's $12 billion aid package may be too little, too late for American farmers — particularly soybean producers suffering from the effects of a U.S.-instigated global trade war.

Market Watch • Dec 8, 2025

Trump Planning $12 Billion Aid Package For Farmers—Here's What We Know

Earlier this year, soybean farmers bore the brunt of Trump's tariff policy when China abruptly slashed their U.S. soybean purchases to zero as the two countries struggled to resolve a trade dispute over rare earth minerals. China was previously the largest single purchaser of American soybeans, and purchased about half of the U.S.' $24.5 billion soybean crop in 2024.

Forbes • Dec 8, 2025