Beijing | Reuters — Chinese companies have stopped buying U.S. agricultural products, China’s commerce ministry said on Tuesday, a blow to U.S. farmers who have already seen their exports slashed by the more than year-old trade war. China may impose additional tariffs on U.S. farm products bought shortly before the purchase ban took effect, China’s […] Read more
U.S. farmers suffer ‘body blow’ as China slams door on farm purchases
U.S. livestock: Hog futures swing wildly as trade war intensifies
Chicago | Reuters — Chicago Mercantile Exchange (CME) livestock futures swung wildly on Monday, with the most-active October lean hog futures going nearly limit-up and -down in the same trading session, amid growing tensions in the U.S.-China trade war. China’s commerce ministry said that Chinese companies have stopped buying U.S. agricultural products, and that China […] Read more
U.S. grains: Corn futures rally on weather concerns
Chicago | Reuters — Volatility roiled the commodity grain futures markets on Monday, as uncertainty in the U.S. weather forecast supported corn and the growing tensions in the U.S.-China trade war weighed on soybeans. Wheat futures ended the day up on technical buying, traders said. China’s commerce ministry said that Chinese companies have stopped buying […] Read more
Trump threatens new tariffs as U.S.-China trade tensions spike again
Washington | Reuters – U.S. President Donald Trump on Thursday moved to impose a 10 percent tariff on a remaining $300 billion list of Chinese imports starting Sept. 1, after U.S. and Chinese negotiators failed to kickstart trade talks between the world’s two largest economies. The levies – which would hit a wide swath of […] Read more
U.S. ethanol industry nearing breaking point: Green Plains CEO
New York | Reuters – The U.S. ethanol industry is about to break under the weight of the Trump Administration’s trade war with China and the surge in the number of small refineries exempted from the nation’s biofuel laws, said Todd Becker, CEO of Green Plains. The U.S. ethanol industry was preparing for growth in […] Read more
Livestock sector suspicious of China ban but hopeful
Politics, not fraud, may be behind latest Chinese ban of our exports but officials hopeful it can be resolved
Reading Time: 4 minutes Some sort of fraud or more payback from China? That’s the question facing Canadian pork and beef producers after Beijing banned their products last month. As was the case with canola seed, the official Chinese explanation is that it halted imports because of contamination issues — “pests” in canola and the growth promotant ractopamine in […] Read more
China’s soy crushers in no rush to buy from U.S.
Beijing | Reuters – Despite the carrot of a potential exemption from import tariffs, Chinese soybean crushers are unlikely to buy in bulk from the United States any time soon as they grapple with poor margins and longer-term doubts about Sino-U.S. trade relations, people familiar with the matter said. China imposed a 25 per cent […] Read more
U.S. government to pay $15 minimum per acre to farmers hurt by China trade war
Washington | Reuters – The U.S. government will pay farmers hurt by President Donald Trump’s trade war with China a minimum of $15 per acre under an aid package to be unveiled before the end of this week, Secretary Sonny Perdue said on Tuesday. “We’ll have information for you before the week ends,” he told […] Read more
China June pork imports surge more than 62 per cent from previous year
Beijing | Reuters – China’s pork imports in June surged from the previous year, customs data showed on Tuesday, as the world’s top consumer of the meat stocked up on supplies after African swine fever has decimated domestic pig herds. China brought in 160,467 tonnes of pork in June, up 62.8 per cent from the […] Read more
U.S. grains: Corn, soy gain as market wrestles with export, crop prospects
Chicago | Reuters — Chicago corn and soybean futures settled up on Friday as investors weighed trade talks between the United States and China and expected cooler U.S. weather against uncertainty over acreage levels following a rain-soaked spring. Some analysts said there may be some technical buying pushing up futures, especially soybeans. They also looked […] Read more