Story perspectives

US Grain, Livestock Futures Drop After China Rejects $17B Purchase

5/21/2026

Summary

Story summary

U.S. grain and livestock futures fell on May 20 2026 after China’s Commerce Ministry denied a $17 billion ag purchase claim.
Mark Schultz of Northstar Commodity said the denial sparked long liquidation, profit-taking, and a 150,000-metric-tonne meal shipment to Italy.
Prices fell with oil dropping $6 a barrel and gasoline and diesel slipping 20-22 cents.
Traders awaited the USDA Cattle on Feed report as feeder cattle futures rose and live cattle futures fell.

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Story summary

U.S. grain and livestock futures fell on May 20 2026 after China’s Commerce Ministry denied a $17 billion ag purchase claim.
Mark Schultz of Northstar Commodity said the denial sparked long liquidation, profit-taking, and a 150,000-metric-tonne meal shipment to Italy.
Prices fell with oil dropping $6 a barrel and gasoline and diesel slipping 20-22 cents.
Traders awaited the USDA Cattle on Feed report as feeder cattle futures rose and live cattle futures fell.