
US and Chinese officials held the first formal meeting of their new Board of Trade by video on November 13, discussing tariffs and farm trade. The discussion covered how to carry out earlier commitments, including a plan to consider lower tariffs on about $30 billion of goods from each country.
The Chinese readout named no new tariff rates, effective dates or agreements.
Lower tariffs on US farm goods could revive Chinese demand for US agricultural exports such as soybeans, which would be supportive for prices. No concrete changes were announced, so the market impact is limited for now.
After 253 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.7%), and -0.2% 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.