11/13/26 Afternoon CommStock Report – Fresh Test for Chinese Trade Relations Next Week

The Commstock Report is a twice daily market report. 11/13/2026 Fresh Test for Chinese Trade Relations Next Week PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian’s Afternoon Market Update President Trump is set to meet with Chinese President Xi Jinping at next week’s Asia-Pacific Economic Cooperation conference. With trade between the U.S. and China an expected point of discussion, agricultural market participants wait with particular anticipation to see if the two leaders strike an agreement on lowered reciprocal tariffs. The potential for China to remove existing agricultural tariffs determines the future demand for U.S. soybean exports beyond the previous purchase commitment and shapes the competiveness of exports for other crops including corn, wheat, and cotton. While soybean export sales to China are on track to meet the standing purchase promise of 25 million metric tons, traders have expressed bearish skepticism about the demand shutting off once that total is reached. The target is double what was bought in the last marketing year, but still down considerably from over 35 million metric tons of U.S. soybeans purchased by China in 2020. Trade volume in excess of 25 million metric tons could more likely be achieved this year…