Soybean futures climbed more than 1% to near $12 per bushel in mid-May, rebounding from losses seen on May 15 after new details emerged from President Donald Trump’s two-day summit in China regarding agricultural trade commitments. The White House said that China agreed to purchase at least $17 billion worth of US agricultural products annually through 2028, intended to supplement earlier soybean purchase agreements. After Trump’s meeting with President Xi last year, China had initially committed to buying 12 million metric tons of soybeans, alongside a broader pledge to purchase 25 million tons annually for three years. While the announcement was largely welcomed by US farmers seeking clearer demand signals following the summit, they still face persistent pressure from relatively low crop prices and elevated production costs in recent years. These challenges have been further intensified by Trump’s tariffs and rising fertilizer costs linked to the broader conflict in the Middle East.

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