Soybean and Corn Futures Fall as US-China Trade Deal Leaves Out Soybeans

Soybean futures declined after details of the US-China trade agreement showed the deal excludes the key crop, disappointing traders who had hoped for expanded Chinese purchases. Corn futures also fell, dragged down by the soybean weakness and by a stronger US dollar, which makes American grain exports costlier for foreign buyers. The move highlights how narrowly the new US-China agreement was scoped: agricultural markets that had priced in broader relief for row crops were left disappointed when soybeans were left out of the deal's terms. For US farmers and grain exporters, the exclusion removes a hoped-for source of demand heading into the next marketing cycle. What remains unresolved is whether soybeans could be added to the agreement in a future phase, and how China's near-term purchasing plans will look without that formal inclusion.