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The United States and China agreed to reduce tariffs on about $30 billion of each other's goods. The deal includes targeted arrangements on coal, soybeans and artificial intelligence, while aviation disputes and a permanent trade framework remain unresolved.
Tariff cuts and soybean arrangements improve US export access to China, supporting US soybean and soymeal demand and prices. The deal is partial, so the durability of Chinese purchases remains a source of uncertainty.
beijingpost.comNov 2, 2026
benjaminkoch.infoDr. Benjamin KochNov 3, 2026
eastasiabrief.comMina OkoroNov 2, 2026After 14 past neutral trade events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (57% higher; middle half -0.2% to +0.4%), and -0.1% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 696 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.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), 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.
