05/21/2026 China Wants Lower Grain Prices to Buy

05/21/2026 Click Above to Watch the Morning Market Talk Video China Wants Lower Grain Prices to Buy On the Grains Grain and soy futures extended Wednesday’s losses overnight, with winter wheat markets leading to the downside, though markets have come well off their session lows. Money is flowing out of long grain/soy positions – in the case of SRW wheat, into short positions. Key technical levels to watch are last Friday’s lows, the knee-jerk reaction lows to the meeting between President Trump and Xi Jinping.Grain traders are clamoring for confirmation – or at least more details – from Beijing about potential U.S. agricultural purchases after the trade deal. But as previously stated, that’s not China’s MO on these matters, instead issuing calculated and reserved messages. From China’s standpoint, the lower prices drop, the better the buying opportunity.The geopolitical pendulum appears to be swinging toward a potential peace deal between the U.S. and Iran. But the broader marketplace is treading lightly, as we’ve been down this path before only to see things fall apart. President Trump said Wednesday that the U.S. was in the “final stages” with Iranian diplomacy, though warning he may resume attacks in the coming days if Iran…