Trade
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.