Global Economy
Despite the U.S. dollar’s antics, there has been little change in sources of the cheapest grains.
China’s Food Giant Emerges as Leading Exporter of Brazil Soy
Analysts expect an even greater global wheat glut in 2017 to drive down prices and whittle away at acreage.
Investors are taking risk off the table to start the week.
Newly revised numbers from the Commerce Department are indicating the gross domestic product (GDP) of the United States increased 3.1 percent from April to June, the fastest growth rate in more than two years.
The European Union rushed to promote its preliminary free-trade agreement with Japan by stressing the benefits for EU farmers, who stand to gain easier access to the lucrative, highly protected Japanese food and wine markets.
To meet the ballooning demand from China’s newly wealthy middle class for a greater variety of foods such as meat, fruit and vegetables, China needs bigger, more efficient and safer farms. But that poses a huge dilemma for the state: if it allows all these little plots to be consolidated, it could put millions of rural workers out of a job.
The U.S. economy is projected to grow at a rate of 2% in the third quarter.
Soybean Market Gets Jittery Over China After Solar Panel Tariffs
Farmers showed up at the polls for Trump. Now they want him to do the same for them on NAFTA.