
The US and China held the first meeting of their bilateral trade council by video on November 13 and discussed tariffs, reciprocal reductions and agricultural commerce. China's commerce ministry said the talks did not produce a new product-by-product tariff schedule, a deadline, or a signed agreement.
Tariff cuts and agricultural purchase commitments would affect U.S. soybean export flows. Because no binding schedule has been set, importers and exporters cannot yet price in a change in trade flows.
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.