U.S. & China Expected to Hold Virtual Meeting

A virtual working meeting is expected before year's end between President Biden and Chinese leader Xi Jinping.  The Associated Press first reported on the development, citing a senior administration official who was not authorized to comment publicly. The official said details about the meeting are still being worked out.

The agreement to hold the meeting came about as US national security adviser Jake Sullivan and China's top diplomat Yang Jiechi began talks Wednesday in Switzerland. It's reported the two met for six hours.  It comes amid rising tensions between the two countries.

This is the first face-to-face meeting with Yang since the two sides met in Alaska in March. That meeting got off to a rocky start with both sides trading barbs.   The US accused the Chinese delegation of "grandstanding".  Beijing officials fired back saying there was a "strong smell of gunpowder and drama" that was the fault of the Americans.

The White House says the latest meeting between the two sides in Switzerland follows up on President Biden's September 9th call with the Chinese President.  The call ended a nearly seven-month gap in direct communication between the two leaders.

US Trade Representative Katherine Tai stated earlier this week she would soon hold direct talks with her Chinese counterpart.  Tai says she wants to focus on pushing China to keep up with its purchase commitments under the Phase One Trade Agreement.  That agreement is scheduled to end in December.  The tariffs placed on China before the agreement went into effect, remain in place for now.

 

Latest News

DOE Rejects API Appeal on LNG Export Suspension, Ensures Review Continues
DOE Rejects API Appeal on LNG Export Suspension, Ensures Review Continues

The Department of Energy (DOE) has declined a request by the American Petroleum Institute (API) and others to lift the suspension on new liquefied natural gas (LNG) export approvals.

Oil Testing Offers Value: Like a Blood Test for Tractors and Combines
Oil Testing Offers Value: Like a Blood Test for Tractors and Combines

Oil and fluid testing answers both short- and long-term questions about the internal condition of engines, transmissions and hydraulic systems.

Airplane
Still Waiting on SAF Announcement

While the White House aims to boost production of SAF, it has faced challenges in defining rules for tax credits, particularly for crop-based forms of the fuel.

Corn Prices Higher After USDA's Bullish Reports, Soybeans Flat: Where Do the Markets go Now?
Corn Prices Higher After USDA's Bullish Reports, Soybeans Flat: Where Do the Markets go Now?

Grains end mixed with strong gains in corn in reaction to USDA's 90 million acre estimate and lower than expected stocks. But how much higher can corn go? Garrett Toay, AgTraderTalk, shares his thoughts.

Where Did All the Corn Acres and Principal Crop Acres Go? The Two Biggest Questions from USDA's Big Prospective Plantings Report
Where Did All the Corn Acres and Principal Crop Acres Go? The Two Biggest Questions from USDA's Big Prospective Plantings Report

USDA says farmers intend to plant 90 million acres of corn this year, which is lower than the trade expected prior to USDA's big Prospective Plantings report.

USDA Shocks the Markets with 90 Million Corn Acre Estimate:  Where do Corn and Soybean Prices Go From Here?
USDA Shocks the Markets with 90 Million Corn Acre Estimate: Where do Corn and Soybean Prices Go From Here?

USDA provides bullish reports for corn, but neutral to bearish for soybeans and wheat. Brian Splitt, AgMarket.Net, has details.