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Treasury Secretary Bessent called for a more balanced US-China trade relationship ahead of a planned Trump-Xi meeting in Shenzhen on November 18-19. USTR Jamieson Greer pressed China on farm and rare earth pledges, while Beijing says further purchases depend on a reciprocal tariff-cut deal.
China also extended its suspension of a 24% extra tariff until January 10.
Agricultural purchases remain the main flashpoint; China tying extra buying to reciprocal tariff cuts leaves US soybean and corn export demand uncertain until the summit produces a deal.
updater.newsNov 11, 2026After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
Not enough comparable past events yet for a historical read.
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.
