Imports and Exports
After more than a year of waiting, China granted 5-year registration extensions to 425 U.S. beef plants and added new approvals. The move follows Trump–Xi talks in China this week, signaling a trade breakthrough.
Today’s market is evolving, not just correcting, according to ag economists. To win the long game, farmers are using generics and delaying machinery purchases as trade shifts to allies and consumers demand premium meat portions.
With domestic production at record lows and private sector taking the lead, the island nation could leaning on U.S. producers more than ever.
U.S. ending stocks remain unchanged month-over-month while USDA adjusts global production estimates.
An official with the Chinese embassy in the U.S. confirms President Trump and Chinese President Xi might be getting ready to sign a permanent trade deal when they meet in China in April.
Corn sales and export inspections through the end of January were on pace to get to USDA’s estimate but not strong enough to suggest exports of more than 3.2 billion. But what if demand in importing countries suddenly expands?
Alan Brugler, with A&N Economics Inc., says, “What we’re seeing right now is, I think, intentional — that is, to get a little weaker dollar and, of course, that does help a commodities in general.”
Alan Brugler with A&E Economics, Inc. says funds buying in the grains Wednesday and early Thursday was tied to money flow. The key to keeping it going is to get through chart resistance.