U.S. farmers are looking for clearer commitments on agricultural trade after President Donald Trump and Chinese President Xi Jinping met last week. The two countries extended their trade truce by two months, giving negotiators more time to address tariffs and market access.
Treasury Secretary Scott Bessent says China is meeting its commitment to purchase at least 25 million metric tons of U.S. soybeans annually. A separate agreement calls for China to buy at least $17 billion a year in other U.S. agricultural products. According to the Ag Intel Minute report, China is behind on that pledge.
The report also says China has yet to purchase U.S. corn for the current marketing year and that sorghum purchases have lagged expectations. Farm groups are seeking stronger purchase commitments and lower Chinese tariffs as negotiations continue.