New trade commitments between the United States and China, announced on 27 September, include farm products among the goods both sides will trade on more favourable terms, according to US Trade Representative Jamieson Greer, who said the agreements cover a subset of products under so-called most-favoured-nation treatment.

Reports cited by CNBC and other outlets say China's tariff-reduction list covers US corn, wheat, sorghum, meat, dairy products, vegetable oils, meals, fish and seafood, logs and wood products. Soybeans, according to Reuters, are not on the list and will continue to face an additional 10 percent tariff.

The announcement did not say when the agricultural tariff cuts would take effect. The week before, the two countries extended their trade truce to 10 January 2027. Officials indicated that further details would follow as implementation plans are finalised.

"Commodity markets will be watching closely for additional details," said Farms.com chief commodity strategist Moe Agostino, noting that major US-China trade announcements have historically moved futures for soybeans, corn, wheat and livestock products. Analysts quoted in several reports described the measures as incremental progress rather than a full settlement.

Photo: Bill Whittaker / Wikimedia Commons (CC BY-SA 3.0)

Source: Farms.com