BEIJING, May 18 (Reuters) - Chicago grain and oilseed futures rose on Monday after the White House said China had committed to buying at least $17 billion of U.S. farm goods in three years.

FUNDAMENTALS

* The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 gained 1.3% to $11.92-1/2 a bushel by 0100 GMT. Wheat Wv1 climbed 2.4% to $6.51 a bushel, while Corn Cv1 rose 2.2% to $4.65-3/4 a bushel.

* China has committed to purchasing at least $17 billion of U.S. agricultural products in 2026, 2027 and 2028, the White House said in a fact sheet released on Sunday.

* The commitment was made during meetings between U.S. President Donald Trump and Chinese President Xi Jinping last week, the White House said.

* China resumed purchases of some U.S. farm goods after an October meeting, fulfilling a U.S.-stated commitment to buy 12 million metric tons of soybeans by the end of February. It has also purchased some U.S. wheat cargoes and large volumes of sorghum.

* The $17 billion purchase will not include the soybean buying commitments China made in October 2025, the White House said. Markets were not anticipating that Beijing would raise the soybean target beyond 25 million tons.

* China's farm imports from the U.S. fell 65.7% year-on-year to $8.4 billion in 2025, according to data from the U.S. Department of Agriculture.

MARKET NEWS:

* Asia share markets slipped on Monday as fresh drone attacks in the Gulf pushed up oil prices and bond yields, while the AI boom is set to be tested by earnings from tech-diva Nvidia NVDA.O this week. MKTS/GLOB

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