Trade
As the two countries battle over trade tariffs, China reportedly buys three cargoes of U.S. soybeans, its first purchase in months.
On Wednesday, Secretary Rollins announced a plan for American ranchers and consumers as Trump posted comments on social media regarding tariff impact on beef prices.
Chinese crushers have been bolstering supplies of the oilseed with shipments mainly from Brazil.
With China currently not buying U.S. soybeans, trade missions have taken on a whole new level of importance.
As Jed Bower takes the helm at NCGA, he is working to expand market opportunities in the U.S. and abroad, and looking for practical ways to reduce regulatory burdens on farmers.
As farmers harvest their 2025 crop, post-harvest logistics are growing in complexity as elevators fill, river levels are low and trade destinations are unknown.
While the Trump administration weighs an economic bailout for farmers that would use tariff income, groups like ASA continue to press for better market opportunities and a trade deal with China, in particular.
U.S. shipments to China, worth around $120 million a month, collapsed after Beijing in March allowed permits to expire at hundreds of American meat facilities.
There’s light at the end of the tunnel, but we might not see it completely turn around for two to three years,” says Grant Gardner, University of Kentucky ag economist.
China significantly ramped up its buying of soybeans from Argentina this week.