Soybeans and corn prices fell as U.S. agricultural sales to China stalled before the Trump‑Xi summit. Corn slipped up to 1.7% in Chicago, while soybeans declined despite China releasing domestic reserves. Wheat dropped 2.1% to its lowest level since Aug. 26, aided by better rainfall. Analyst Naomi Blohm noted that trade is awaiting signs of additional purchases, including corn, sorghum, wheat, cotton, beef, dairy and hogs. China is more than halfway to its 25 million‑ton soybean target but progress on a $17 billion crop spending pledge has stalled. The USDA reported no exports to China this week, though 100,000 tons of U.S. corn were sold to Mexico. Ethanol output fell, and wheat importers are shifting from Black Sea shipments, with Bangladesh booking large Indian wheat volumes.

The conflict between Russia and Ukraine is reshaping global wheat sourcing, prompting buyers to seek alternatives. Meanwhile, market participants remain cautious, watching for any summit‑driven news that could alter trade dynamics.

Overall, the agricultural sector’s recent ranges persist, with investors and traders monitoring the potential for market‑moving developments surrounding the high‑level talks.