
President Trump is expected to meet Xi Jinping and Vladimir Putin in Shenzhen next week on the sidelines of APEC, according to the White House. China still maintains a 10% retaliatory tariff on U.S. soybeans, while USDA's Grain Transportation Report shows Chinese commitments for U.S. soybeans at 15.95 million metric tons as of October 29, versus 232,000 tons a year earlier.
Strong Chinese commitments support U.S. soybean export demand and could firm soybean and meal prices if tariffs are eased, though the summit agenda reportedly focuses on security rather than agriculture. Continued tariffs keep Brazil competitive in the Chinese market.
After 698 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.