China has committed to buy at least $80 billion in U.S. farm products over the next two years and the country also agreed to sweeping structural changes that promise to improve trade on a more permanent basis for U.S. beef, pork, rice, corn, wheat, soybeans and other commodities.

Corn production increases offset by harvested acre reductions provided a relatively neutral World Agricultural Supply and Demand Estimates report Friday giving grain traders a sense of relief.

President Donald Trump remains resolute that China commit to specific promises on amounts of U.S. ag commodities that it would buy as part of a trade pact, Ag Secretary Sonny Perdue said Wednesday.

China is going to lift tariffs to allow in more U.S. soybeans and pork, according to Xinhua News, a government-run media outlet, though it's unclear how much of the U.S. commodities will be allowed in, or for how long.

Net farm income is projected to rise more than 10% this year, but nearly one-third of producer earnings will come from a combination of crop insurance benefits and direct government payments, including the Trump administration's trade assistance.

The U.S.-China trade war that forced U.S. exporters to diversify market priorities has played a role in the colossal rise of trade with Egypt, but only on the surface.

USDA’s World Agricultural Supply and Demand Estimates report fell in line with trade expectations when it lowered corn ending stocks as producers struggle with a challenging harvest.

President Donald Trump and White House officials insist that China will be buying $40 billion to 50 billion worth of U.S. agricultural products annually over the next couple of years, if the countries nail down a trade deal in the coming weeks, but the question is whether U.S. farmers, processors and exporters could meet that challenge.