Greer noted the 25 million metric tonne per year soybean deal agreed to last October and said the US also expects to “see an agreement for double-digit billion purchases of ags over the next three years per year coming out of this visit”.

“And that’s more general, that’s aggregate. That’s not just soybeans, that’s everything else,” he said in an interview on Bloomberg Television.

Soybeans are the top US export to China, the world’s largest buyer by far, and the oilseeds have played a key role in trade negotiations during the first and second Trump administrations.

Going into the summit, markets were not anticipating Beijing would raise the soybean target beyond 25 million tonnes, an expectation that was reinforced by comments from US treasury secretary Scott Bessent on Thursday suggesting the existing deal took care of the issue.