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The U.S. agricultural trade deficit widened further in July, highlighting the challenge facing President Donald Trump as he vows to reverse the trend.

Soybean futures fell as concerns over sluggish demand for U.S. supplies prompted traders to take profits after a three-day winning streak.

Chicago corn futures fell to the lowest level in nearly a year after the Department of Agriculture raised its already record-large outlook for the American harvest.

Cargill revenue declined to its lowest point in four years as the largest private company in the U.S. continues to restructure in the face of declining crop prices and a shrinking cattle herd.

Farmers will soon start feeling the impact from President Donald Trump’s tariffs in the form of higher prices for the machines used to plant, treat and harvest fields.

The U.S. government withdrew from a long-standing trade agreement with Mexico governing tomato imports and will push forward with a new tariff of just over 17%.

The U.S. will start reopening ports to Mexican livestock in phases, after trade along the southern border had been halted in May by the spread of a parasitic fly.

Deere & Co. jumped to a record after earnings beat the highest of analyst estimates, even as the world’s largest farm machinery maker trimmed its profit outlook for the year.

Lack of clarity on how the Trump administration will address much-needed incentives for crop-based fuels in the next few years has added to concerns.

Farmers are still delaying equipment purchases a President Donald Trump’s tariffs cloud demand for crops and risk further extending a yearslong slump in the sector.