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Soybean futures rallied after reports that China had begun buying US new-crop soybeans. Cattle prices also surged on higher cash trade and cutout values.
Chinese purchases of US soybeans support export demand and prices, while stronger cattle cash and cutout values point to firm beef and feeder cattle prices.
agweb.comAgWebJul 1, 2026After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports that China began buying US new-crop soybeans lifted futures by reviving export demand expectations.
