Global Grain Markets Pause Ahead of Trump-Xi Talks

Grain markets paused ahead of highly anticipated talks between US President Donald Trump and Chinese leader Xi Jinping. The meetings aim to advance trade negotiations, a key factor influencing global commodity prices.

Corn futures fell 6.25 cents to $5.36.75 in December contracts due in part to the strengthening US dollar index hitting a 2.5-month high.

USDA's crop condition index for corn declined by 1.69 points to 348.74, trailing year-ago levels at this time by 22.05 points. The soybean market also felt pressure from the strong dollar, with November contracts falling 2.50 cents to $13.25.50.

USDA's crop condition index for soybeans declined by 2.86 points to 354.69, trailing year-ago levels at this time by 3.76 points. Wheat markets saw significant losses, with December spring wheat futures falling a dime to $7.36.25 due in part to technical selling pressure.