It looks like the end of the trade war between Beijing and Washington is very far from over.

China will keep buying soybeans from other suppliers urgently trying to fill the U.S. share, which accounted for 40% of total imports in pre-trade war times. However, for another important crop, corn, China is well prepared for any trade tensions with the U.S.

Several years ago, the U.S. used to be a dominant corn supplier to China. In 2011/12, the U.S. sold 201 million bushels (5.1 mmt) of corn to China, which accounted for almost 100% of all Chinese imports.