Trade
The Ukranian government announced removal of corn and sunflower oil export license requirements to allow for easier exports, while also hoping the sale of the commodities will provide money for spring planting.
The commodity markets came under pressure to start the week as traders tried to shed risk over shipping concerns in China as COVID-19 concerns caused officials to shut down transportation amid a two-pronged lockdown.
Lawmakers introduce a bill to send an energy rebate any month the national average gas price exceeds $4 per gallon for the remainder of 2022.
Russia may suspend exports of wheat, barley, corn and rye starting Tuesday and lasting until June 30, the Interfax news agency reported on Monday, citing the agriculture ministry.
“Before the war with Ukraine, the President encouraged Russia to produce more oil to help us lower the price at the pump,” says U.S. Sen. Jerry Moran (R-KS). “That’s so hypocritical.”
With the U.S. on the back end of COVID-19 and the conflict between Russia and Ukraine unraveling, USTR Katherine Tai says her office is currently focused on three themes: resilience, sustainability and competition.
UPDATE: 03/02 4:23 pm-EST-There are reports a missile struck a vessel flying under the flag of Bangladesh in Ukraine.
Expect Russia’s invasion of Ukraine to dominate the State of the Union address tonight. As for issues affecting agriculture, there may be few details offered, says USDA Secretary Tom Vilsack.
The top 10 export markets all saw gains in 2021, with six of the 10 (China, Mexico, Canada, South Korea, the Philippines and Colombia) setting new records.
U.S. goods exports to China fell in December, cementing a $45 billion increase in the 2021 U.S.-China trade deficit and a major two-year shortfall in Beijing’s purchase commitments under the “Phase 1" trade deal.
The U.S. and Japan announced a deal to remove Trump-era tariffs from about 1.25 million metric tons of Japanese steel imports annually after similar access was granted to European Union steelmakers last year.
Rep. Garamendi says the USDA partnership with the Port of Oakland “isn’t going to solve the problem” because shippers deliver product to the U.S. and leave ports with empty containers.
The United States and the European Union have downgraded their dispute at the WTO over steel and aluminum tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation.
Mark Mills, senior fellow at the Manhattan Institute, recently joined Chip Flory on AgriTalk to talk about the logistics and supply chain challenges ahead for electric vehicles.
The Canadian government on Tuesday launched a challenge against American duties on Canadian softwood lumber under the terms of the USMCA trade deal, Canadian Trade Minister Mary Ng said in a statement.
Trade volume slipped between July-September due to supply chain disruptions, shortages of production inputs and rising COVID-19 cases, the WTO said in a statement on its website.
Look ahead to potential situations including debt limit, inflation, inputs costs, and foreign threats.
Look ahead to potential situations including the debt ceiling, WHIP+, President Biden’s challenges, and foreign hotspots.
AgriTalk Host Chip Flory and Pro Farmer policy analyst Jim Wiesemeyer discuss plans Congress will probably have these last weeks of 2021, including the debt ceiling and the Build Back Better plan in the Senate.
Writing the cover story with ambassador Kip Tom was a good reminder to me of how many people in the world are struggling to eat — or even survive — each day.
Kip Tom has traveled the globe as an advocate for agriculture, a warrior against hunger and a political appointee trapped in the bureaucracy of promises and cultural divergence.
One result of the pandemic was a spike in savings rates. In the U.S. last April, Americans collectively saved a record 30% of their income. John Phipps looks at China’s savings rate and what it’s meant for exports.
High-level talks between the U.S. and China yielded no major outcome Monday night. From human rights issues to crypto mining, leaders talked about a number of issues. Trade was mentioned but was not a priority topic.
Recent soybean sales have created doubts on just how much China will source. One Ohio State University ag economist says corn, cotton, wheat and pork exports are solid when you compare them to overall commitments.
Rep. Axne shares November election plans, following a press release urging congress to pass additional legislation to alleviate supply chain bottlenecks and promote U.S. manufacturing.
China is the kingpin customer of U.S. ag commodities while openly attempting to destroy America’s position atop the global ladder. Does the odd paradox portend feast or famine for U.S. farmers?
China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries’ top trade officials that Washington saw as a test of bilateral engagement between the world’s biggest economies.
Despite slowdowns in the export sales picture, actual exports are still running 26% ahead of the same time period last year, and with higher commodity prices, bulk export values are up 60%. USDA says that’s led by corn.
A virtual working meeting is expected before year’s end between President Biden and Chinese leader Xi Jinping.