# Biden, Xi Hold Virtual Summit, as Brazilian Soy and Corn from Ukraine in Focus | Farm Policy News | Illinois

> Presidents Biden and Xi held a virtual summit lasting over three hours covering Afghanistan, North Korea, Iran, human rights, climate and Taiwan. Trade was discussed but was not a dominant topic. The meeting produced no major resolutions.

- Date: 2021-11-17 · published 2021-11-17T12:00:00.000Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/14980-biden-xi-hold-virtual-summit-as-brazilian-soy-and-corn-from-ukraine-in-focus
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

With no trade breakthrough, China's commitments to buy U.S. farm goods remain unchanged. Grain prices are unlikely to react significantly.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-04-05 | [Brazil Needs Potash and Belarus Is Looking for Ways to Supply It - Bloomberg](https://feedsoft.ai/events/42152-brazil-needs-potash-and-belarus-is-looking-for-ways-to-supply-it-bloomberg.md) | +3.3% | +3.5% |
| SOY | 2023-07-27 | [The increase in rapeseed prices in Ukraine has stopped](https://feedsoft.ai/events/35147-the-increase-in-rapeseed-prices-in-ukraine-has-stopped.md) | -7.5% | -12.1% |
| SOY | 2024-02-26 | [Ukraine and global agricultural markets two years later \| IFPRI](https://feedsoft.ai/events/8027-ukraine-and-global-agricultural-markets-two-years-later-ifpri.md) | +0.9% | +5.3% |
| SOY | 2026-03-12 | [China soybean buying: What U.S. farmers need to know now](https://feedsoft.ai/events/14594-china-soybean-buying-what-u-s-farmers-need-to-know-now.md) | -3.2% | -2.9% |
| SOY | 2026-08-31 | [First Thing Today \| Grains mostly weaker overnight; EPA news may come today - Pro Farmer](https://feedsoft.ai/events/17963-first-thing-today-grains-mostly-weaker-overnight-epa-news-may-come-today-pro.md) | +1.4% | +0.9% |
| CORN | 2022-04-05 | [Supply shock caused by Russian invasion of Ukraine puts strain on various EU agri-food sectors](https://feedsoft.ai/events/41780-supply-shock-caused-by-russian-invasion-of-ukraine-puts-strain-on-various-eu.md) | -2.1% | -5.3% |
| CORN | 2017-05-11 | [As Russia blocks Ukraine’s trade corridors, focus shifts to Silk Road - May. 11, 2017 \| KyivPost](https://feedsoft.ai/events/70861-as-russia-blocks-ukraine-s-trade-corridors-focus-shifts-to-silk-road-may-11.md) | -0.2% | +2.4% |
| CORN | 2026-10-26 | [Ukraine , US , Russia expected to hold trilateral talks in November , says Zelensky](https://feedsoft.ai/events/953-ukraine-us-russia-expected-to-hold-trilateral-talks-in-november-says-zelensky.md) | -1.0% | — |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/11/biden-xi-hold-virtual-summit-as-brazilian-soy-and-corn-from-ukraine-in-focus/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.