Tidbits, US-China, Treasure Debt, Hogs & Pigs, Beef, Weather, Export Sales 9/25/26
Tidbits
The U.S.-China summit has not yielded any significant new information for the grain markets, and as a result, major grain markets are currently trading lower.
The "Busan" trade agreement between the U.S. and China has been extended until 10 January 2027. That was the first announcement yesterday morning from the White House. That means tariffs will remain reduced, and export controls on rare earth elements will continue to be eased. This agreement was signed by the U.S. and China in Busan, South Korea, in October 2025. Treasury Secretary Scott Bessent said the extension is necessary to negotiate the best economic agreements the countries can reach.
At the end of the day, Xi and Trump agreed to mutual summit support, continued high-level dialogue, and some cooperative language (especially on AI safety framing and an Iran-related diplomatic path). They did not resolve major structural disagreements on trade, Taiwan, technology controls, or strategic competition. Further opportunities for talks were noted ahead of later multilateral summits.
Flash Sales: The USDA announced yesterday sales of 120,000 mts of old crop soybeans to China.
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.
