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Rumors Trump could report progress on a trade pact with China fueled strong gains in soybeans today.

Strength was featured in the ag complex today amid beneficial trade news.

Strength was seen across the grain and soy complexes today.

Cattle futures led strength today amid corrective buying.

Cash cattle prices continue to retreat after historic rally.

July 2, 2025

U.S. trade partners are also scrambling for trade deals as tariff deadline nears.

Soybeans saw relative strength overnight, supported by continued strength in soyoil.

Corn futures faced followthrough selling overnight, though remaining above Tuesday’s contract lows.

Concerns about U.S. agricultural exports were a leading factor in the weaker long-term sentiment.