
US and Chinese trade officials held the first working meeting of their bilateral Board of Trade by video on Nov. 14, 2026, to negotiate reciprocal tariff cuts on $30 billion of non-sensitive goods each way.
The implementation date has not been announced ahead of the Trump-Xi summit.
The framework covers Chinese agricultural and raw material lines, so a finalised deal could support US farm export demand. Until implementation is announced, the price effect remains uncertain.
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.