Trade
U.S. ag products, including beef and ethanol, experienced a $5 billion victory today with the U.S.-UK trade deal.
Darin Newsom, Senior Market Analyst for Barchart, corn and wheat are anchoring each other lower with the market shifting its focus to larger supplies ahead and comfortable available stocks.
While 56% of farmers say they believe the ongoing trade disputes with China and other countries will hurt them financially this year, 70% say they believe the U.S. and agriculture specifically will benefit in the long-term.
The stakes are high with the latest trade war. While the risks of losing more market share into China are a concern, the upside potential of a trade deal with China could be monumental.
Agriculture is an export dependent business. At peak uncertainty, the industry could go either way: Gain ground with new trade deals or take a big hit as exports further decline.
Gregg Doud, President and CEO of the National Milk Producers Federation and former U.S. Chief Ag Negotiator, offered a wide-ranging analysis of the Trump administration’s evolving tariff strategy.
Vietnam has a 100 million people and a growing middle class looking to add protein to their diet. With limited soybean crushing capacity, the country currently depends on soybean meal imports for their livestock and aquaculture feed needs.
The Department of Commerce will now issue and announce the final duty rates on the imported products.
Here are five takeaways from the latest semi-annual report, including the top tariff fronts to watch for impact to fertilizer prices.
China’s top planning officials said Monday the country’s grain supply remains secure even without U.S. feed grain and oilseed imports.