9/20/26 Sunday Market Preview

Grains poised to find light buying interest in rebound of a weaker close on Friday. In the Headlines U.S. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer were meeting with a Chinese official on Sunday to prepare for Chinese President Xi Jinping visit President Trump at the White House on Thursday. Among the major talking points will be trade and tariffs, the war with Iran, and regulations for artificial intelligence. The event’s outcomes may be referenced as part of a preface for the next Trump/Xi meeting expected in November at the Asia-Pacific economic conference in November. Ukraine launched a major attack on Moscow over the weekend as Russia was holding parliamentary elections, including within the Crimean Peninsula and other territories annexed from Ukraine. Russia’s response to the assault was being awaited along with the response to the new U.S. sanctions bill that President Trump signed on Friday. The bill included new sanctions against Russian politicians as well as language that could allow tariffs against countries buying Russian oil, such as China. Last week featured the first Federal Reserve Bank rate hike since July 2023. The central bank raised the Fed funds rate by a quarter point, to 4…