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China and the United States discussed tariff cuts, agricultural trade and other issues at their first trade council meeting on Friday, according to China's Commerce Ministry. The ministry did not say whether any agreements were reached.
A $60 billion reciprocal tariff-cut package, including about $17 billion of US farm goods, remains unfinalised ahead of a Trump-Xi meeting at APEC in Shenzhen.
Progress on the tariff-cut package would open Chinese demand for US farm goods, supporting soybean and other grain prices. Continued delay keeps purchases of non-soy US farm goods on track for a seven-year low, a bearish factor for those markets.
cnbc.comReutersNov 14, 2026After 253 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.7%), and -0.2% 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.
