Trade
USTR divulges President Biden’s intentions with U.S.-China Trade Phase One while House Ag Committee’s Thompson applauds Trump and demonstrates hope in Biden.
China’s wheat imports hit the highest level in two decades, currently accounting for 19% of global consumption. The U.S. supplied 3 million metric tons of wheat imports during the last marketing year, or a 28% share.
Grain shippers on the Gulf Coast reported more damage from Hurricane Ida to their terminals on Wednesday as Cargill confirmed damage to a second facility, power outages across southern Louisiana kept others shuttered.
Hurricane Ida packed a punch of 150 mph winds this weekend, crippling grain shipping facilities in a key export area along the lower Mississippi River. Now it’s a question of how long export activity could be shuttered.
USDA is out with its new ag export forecast for both this year and next, and it’s showing exports could hit $173.5 billion in 2021, $4 billion more than 2020, due to higher livestock, poultry and dairy exports.
U.S. Wheat Associates celebrate victory in tariff import rate reduction in Vietnam, as U.S. wheat imports look to exceed the competition.
Shipping issues continue to surface. The latest is in China’s Ningbo-Zhoushan container port, which is the third-busiest in the world, and has been partially shut down for six days, with no sign of reopening yet.
From infrastructure to immigration, Washington is buzzing with activity relevant to the American farmer.
China’s government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items, and in turn, violated the spirit of the January 2020 Phase One trade deal with the U.S.
Iraq purchased 80,000 metric tons of rice from ADM and 40,000 tons from Supreme Rice, according to the USA Rice Federation. The sales represent the first U.S. rice purchase by the country in two years.
The dollar lurched lower on Monday, back towards the one-month lows hit last week when it became clear the Fed was in no hurry to tighten policy.
U.S. and Chinese officials met face-to-face for high-level talks, and the meeting had a tense tone as the countries remain at odds over issues from cyber security to human rights.
Weather problems with Brazil’s second corn crop have sparked a spate of companies exiting their contracts, causing what some call the biggest wave of export cancellations for the world’s No. 2 supplier in five years.
China’s Aggressive U.S. Feed Grains Buying Spree Expected to Continue Despite Shift in Buying Habits
China’s aggressive buying spree of U.S. grains and oilseeds could continue. That’s according to a new CoBank report that shows China is shifting its buying habits as grain prices produce volatility.
U.S. corn exports toppled records in recent months with elevated shipments to China. A continued strong pace plus a few more sales in the coming weeks will officially cap off the country’s best-ever marketing year.
China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday.
Brazil’s worst water crisis in almost a century will impact river navigation and make transportation of goods more expensive in the world’s largest exporter of commodities ranging from soybeans to coffee and sugar.
The top trade officials in the U.S. and China meeting for the first time. The exchange happening virtually. Ambassador Katherine Tai held an introductory virtual meeting with China’s Vice Premier, Liu He.
The U.S will target China with a new “strike force” to combat unfair trade practices, as the administration rolled out findings of a review of U.S. access to critical products, from semiconductors to EV batteries.
To build a more resilient supply chain, the White House just published a 250-page report with assessments and an expansive list of recommendations.
Demand for pork and grains is helping propel prices in 2021, and USDA is forecasting it to be a record year.
DC Signal To Noise: It’s time to take a closer look at the U.S. China trade relationship and the clock is ticking on the infrastructure bill.
Talks between Argentine policymakers and meat industry officials are on track to reach a deal on re-opening exports, officials said, days ahead of the expiration of the government’s month-long suspension of shipments.
The National Pork Producers Association (NPPC) is calling on Congress to help fix the shipping container fiasco, which the Association says is causing bottleneck issues, including major shipping delays.
A 17-year conflict over aircraft subsidies is coming to a temporary close as the U.S. and European Union have agreed to a truce, and it could spill over into a positive move for certain U.S. agricultural goods.
U.S. import prices increased more than expected in May as the cost of petroleum products rose and supply chain bottlenecks boosted prices of other goods, adding to signs that inflation was heating up.
China will issue new rules on the management of price indexes for commodities and services, it said on Thursday as the government steps up scrutiny of the country’s commodity markets and battles to contain inflation.
As analysts keep a close eye on rumored soybeans buys from China late last week, China has issued new rules when it comes to monitoring commodity prices as the country battles to contain inflation.
Pork shipments from a North Carolina pork processing plant are now blocked from entering Mexico. The plant located in Tar Heel, N.C., is a Smithfield foods plant and is the largest in the world.
The Renewable Fuels Association (RFA) says China’s buying increased to 48.3 million gallons in March, which is the second largest monthly export total ever on record, just missing the high set in April 2016.