The cautious tone in global grain markets ahead of Friday’s USDA report and the latest developments in the US - China trade truce, reported by CNBC, which continues to influence agricultural sentiment.

U.S. harvest progress, export activity, and Switzerland’s efforts to secure a better trade deal with the United States.

China’s easing of export controls, U.S. legislative progress to end the government shutdown, and key grain market updates from Europe and North Africa. 

The pullback in soybeans and Chicago wheat, Argentina’s easing strike risks, Germany’s stronger-than-expected grain outlook, and China’s latest export figures showing a sharp drop in shipments to the United States

Renewed optimism for U.S. grain exports following reports of Chinese buying interest, Russia’s potential grain export quota, and the record-long U.S. government shutdown.

Renewed rally in soybeans on Chinese demand expectations, U.S. harvest progress, and the political backdrop as China urges Washington to respect its “red lines” following the recent trade truce.

Renewed strength in U.S. grains, updates on French corn and wheat progress, and OPEC+’s latest decision to pause oil output hikes amid growing concerns over a global surplus.

How grain markets reacted ahead of the Trump–Xi meeting, the US–China agreement on rare earths and critical minerals, the latest positions in matif wheat and rapeseed, and the Federal Reserve’s rate cut.

Today I will discuss the C-B-O-T price rally losing steam, new Chinese soybean purchases, the latest E-U wheat export data, and how global political tensions — including the situation in Gaza.

The new trade deals announced by President Donald Trump across Southeast Asia, and how global grain markets have reacted to shifting US-China trade expectations.