
The first US-China trade council meeting, held by video on Friday, Nov. 13, 2026, discussed unfinished tariff cuts and agricultural trade.
China's Ministry of Commerce said no agreements were reached. A leaders' meeting in Shenzhen is expected later in the month.
With no agreement, China's purchases of US farm goods remain under pressure, which weighs on US export demand. A confirmed tariff deal ahead of the leaders' meeting would be a bullish catalyst for US farm commodities.
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.