Teucrium Soybean Fund

SOYB

Market cap $71.7M

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.

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.

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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.

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

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.

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.

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.

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.

Secretary of Agriculture Brooke Rollins on CNBC's 'Squawk Box' discussed the state of China's pledge to purchase 12 million metric tons of soybeans by the year's end, despite only having purchased 1.5 million to date.