The Chinese government indicates it will buy at least $17 billion in U.S. agricultural products each year through 2028. “Chinese press is reporting they have a commitment for X amount of grains and when we first heard the number, we thought it was light, but then it came out that it came in the media that was without the commitment of soybeans,” said Tommy Grisafi of Ag Bull Trading. In 2025, China agreed to purchase 12 million metric tons of U.S. soybeans in 2025 and another 25 million tons each year for the next three years. Soybean, corn and wheat futures are had double-digit gains in the overnight trade. “This looks like fresh purchases or a commitment to buy various grains,” Grisafi told RRFN. “The Trump Administration had said that several times over there; they said they were going over there for a lot more than just soybeans.” If this business is realized, Grisafi said U.S. grain and oilseed stocks will tighten considerably. That influences global demand and could put a weather market back in play.
