Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm.

Soybean prices fell back below $10 a bushel, as traders saw news of an extended US-China trade truce as likely delaying major grain-purchasing deals between the nations until late this year.

Once upon a time, a decision to delay sky-high tariffs on China would have been an eleventh hour save—but in 2025 markets barely noticed.