Crop Futures Surge as US Signals $17 Billion in China Purchases

An agreement on US agricultural sales to China outlined by the White House is raising optimism for a demand pickup beyond soybeans, helping to drive prices higher across the board for crop futures.

China has agreed to buy at least $17 billion annually in American agricultural produce through 2028, according to a fact sheet posted Sunday by the White House following US President Donald Trump’s visit to Beijing. That’s in addition to a soybean purchase pledge from late 2025, when Trump and his Chinese counterpart Xi Jinping initially met in a bid to ease the rift between the two sides.