9/21/26 U.S./China Optimism Builds; Trade Details Awaited

09/21/2026 Click Above to Watch the Morning Market Talk Video U.S./China Optimism Builds; Trade Details Awaited On the Grains: Grain and soy markets strengthened overnight with the exception of soyoil, which traded lower. U.S. and Chinese officials were upbeat following a Sunday meeting that set the groundwork for Xi Jinping’s visit to Washington, which Beijing confirmed will be from Sept. 23-25. Optimism that agriculture will feature prominently in the Trump/Xi discussions is fueling grain and soy markets to open the week. Key developments, The Sunday meeting led by U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and China’s top trade negotiator Li Chenggang didn’t produce an extension of the trade truce, though that’s expected to be finalized during Xi’s visit. The two sides moved to operationalize a U.S./China Board of Trade. Discussions include potential tariff reductions on “non-sensitive” goods, including agricultural products, part of a broader initiative to ease barriers on $30 billion worth of products from each side under the Board of Trade mechanism. China purchased more cargoes of U.S. soybeans late last week, with Bloomberg saying state-owned firmed booked at least four cargoes – about 260,000 MT – mainly for loading in December and January from…