# Grains Rally as Trump Touts China Deal: Cattle Try to Recover as U.S. to Buy Argentina Beef - AgWeb

> Soybeans hit new highs as President Trump said he expected a trade deal with China at a meeting in South Korea, and China's Vice Premier was set to hold talks in Kuala Lumpur from October 24 to 27. Estimates suggested China would need about 300 million bushels of U.S. soybeans for December and January, well short of past purchases of 800 million bushels. The U.S. also agreed to buy Argentine beef, and cattle futures were mixed.

- Date: 2025-10-23 · published 2025-10-23T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/5434-grains-rally-as-trump-touts-china-deal-cattle-try-to-recover-as-u-s-to-buy
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expected Chinese buying could absorb U.S. soybean supplies, but purchases remain well below past levels, so the price upside depends on actual sales confirmation.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2025-10-27 | 1 | +7.6% | 8.4 | Trump's comments on an expected China deal and the Kuala Lumpur talks set up the trade-optimism rally in soy complex futures that carried into 10/27. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-02-04 | [Cattle Correct but Record Prices are Still Ahead: Grains Rally on Tariff Pause, China Hopes - AgWeb](https://feedsoft.ai/events/12745-cattle-correct-but-record-prices-are-still-ahead-grains-rally-on-tariff-pause.md) | -0.8% | -7.0% |
| SOY | 2026-07-01 | [Soybeans Rally as China Finally Buys, Will They Buy Corn? Cattle Surge on Higher Cash, Cutouts](https://feedsoft.ai/events/18826-soybeans-rally-as-china-finally-buys-will-they-buy-corn-cattle-surge-on-higher.md) | +7.0% | +5.5% |
| SOY | 2026-08-26 | [Grains Extend Rally, Corn Makes 3-Year Highs, China Buys Beans - AgWeb](https://feedsoft.ai/events/12347-grains-extend-rally-corn-makes-3-year-highs-china-buys-beans-agweb.md) | +6.4% | +7.3% |
| SOY | 2025-10-31 | [With a China Deal How High Will Soybean and Grain Prices Rally? What is China Already Buying? - AgWeb](https://feedsoft.ai/events/14628-with-a-china-deal-how-high-will-soybean-and-grain-prices-rally-what-is-china.md) | +0.0% | +4.3% |
| SOY | 2026-02-05 | [Soybeans Rally on Additional China Purchases: Will They Really Buy? - AgWeb](https://feedsoft.ai/events/20642-soybeans-rally-on-additional-china-purchases-will-they-really-buy-agweb.md) | +2.9% | +6.5% |
| SBM | 2018-12-02 | [Battered U.S. Soy Gets Bullish Jolt as Door to China Reopens - Bloomberg](https://feedsoft.ai/events/5835-battered-u-s-soy-gets-bullish-jolt-as-door-to-china-reopens-bloomberg.md) | -0.1% | +0.9% |
| SBM | 2023-11-08 | [Argentina’s poor crush capacity shifts soymeal demand to US](https://feedsoft.ai/events/13947-argentina-s-poor-crush-capacity-shifts-soymeal-demand-to-us.md) | +5.2% | -4.5% |
| SBM | 2018-12-03 | [Soybeans jump after China agrees to buy 'substantial' US ag products in trade truce](https://feedsoft.ai/events/11522-soybeans-jump-after-china-agrees-to-buy-substantial-us-ag-products-in-trade.md) | -0.1% | +0.9% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/grains-rally-trump-touts-china-deal-cattle-try-recover

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.