10/2/26 No Immediate Chinese Ag Buys from Trade Deal

10/02/2026 Click Above to Watch the Morning Market Talk Video No Immediate Chinese Ag Buys from Trade Deal On the Grains: Corn and soybeans traded lower overnight and are poised for sharp weekly losses after downside breakouts from their month-long sideways ranges. So far, buyers have surfaced around the $5 mark for December corn and around $12.75 for November soybeans. That must remain the case to avoid deeper price losses going into the weekend. Amid a host of other factors, money flow will remain the key price driver for corn and soybeans. for Wheat markets are trying to work higher on light corrective buying early this morning but are sharply lower for the week. U.S. Trade Representative Jamieson Greer said there is no timetable for implementing proposed tariff reductions with China, underscoring the unfinished work behind one of the principal economic announcements from last week’s trade meeting. He said implementing the U.S./China Board of Trade’s recommendations would require public input, a comment process and a legal determination on whether to adopt them. That’s consistent with China’s comments and suggests the tariff rollbacks will take time. Agriculture has a substantial stake. China’s proposed list includes U.S. corn, wheat, sorghum, rice, cotton, beef,…