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The China-US trade council held its first formal meeting on 13 November 2026, a mechanism the two leaders agreed to at their May summit in Beijing. Each side had drawn up a list of non-sensitive goods worth up to US$30 billion that could qualify for tariff reductions, with China's list focused on agricultural products including corn, sorghum, dairy, beef and vegetables.
The US Trade Representative said the talks aim to advance a fair and balanced trading relationship.
If China cuts tariffs on US corn and sorghum, it would lift export demand for those grains and support US prices. The outcome remains uncertain until the goods lists are finalised and implemented.
zaobao.com.sgNov 14, 2026After 737 past bullish trade events, Corn moved a median +0.4% over 5 sessions (57% higher; middle half -1.1% to +1.7%), and +0.5% 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.
