Chicago | Reuters — U.S. soybean futures fell on Friday on disappointment that trade talks did not move Washington and Beijing closer to a deal to resolve the mounting dispute that has crimped U.S. crop sales to China. Prices retreated after a one per cent rise on Thursday that was fueled by “unfounded rumours” the […] Read more
U.S. grains: Soybeans stumble as U.S.-China trade talks disappoint
U.S.-China trade fears halt soybean imports
Singapore/Beijing | Reuters — China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry. Buyers from China, which takes 60 per cent of soybeans traded […] Read more
U.S. lawmakers skeptical of promises to shield farmers from trade dispute
Overland Park, Kan. | Reuters — U.S. lawmakers and the farm industry were skeptical of the Trump administration’s promise to shield farmers from the rapidly escalating trade dispute between the U.S. and China, concerned about the lack of details in protecting the agricultural export sector now embroiled in the back-and-forth. Major farming states supported U.S. […] Read more
China retaliates for U.S. tariffs, slaps duties on soybeans
Beijing/Washington | Reuters — China quickly hit back on Wednesday at Trump administration plans to slap tariffs on US$50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. The speed with which the trade struggle between Washington and Beijing is ratcheting up […] Read more
Coffee may profit more than soy in Brazil’s new farming frontier
Luis Eduardo Magalhaes, Brazil | Reuters –– Farmers tending vast, flat soy and cotton fields that spread as far as the eye can see in northeastern Brazil are finding that coffee crops might provide higher profits in the country’s agricultural frontier. More coffee farms are being developed in the western part of Bahia state, which […] Read more
China should target U.S. soybeans, former finance minister says
Beijing | Reuters –– The response by China’s commerce ministry to the latest U.S trade measures is too weak, and should target U.S. soybeans, former Chinese finance minister Lou Jiwei said on Saturday. The commerce ministry on Friday unveiled a plan to levy additional duties on up to US$3 billion of U.S. imports including fruit […] Read more
U.S. pork to feel further chill from China tariff threat
Beijing/Chicago | Reuters — China’s threat of steep tariffs on U.S. pork imports knocked down U.S. hog futures prices and shares of producers on Friday, while increasing fears of hard times for farmers already facing weaker demand from the world’s top buyer of the meat. U.S. farmers have worried for months that rising trade tensions […] Read more
Brazilian grain growers explore increased use of Panama Canal
Sao Paulo | Reuters — Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority’s chief administrator said. The canal’s administration is looking to increase its participation in rising Brazilian […] Read more
Argentina’s soybean season ‘dead’
Buenos Aires | Reuters — Hope has withered for any recovery in Argentine soy yields hit by a four-month drought that shows no signs of abating, farmers and analysts said Monday, prompting China to step in to fill the gap in soymeal exports from the world’s No. 1 supplier. The dryness that has blighted the […] Read more
China says U.S. soybeans ‘prime target’ over tariffs
Chicago | Reuters –– Chinese officials have said U.S. soybeans are a prime target for retaliation against tariffs imposed by the Trump administration on steel and aluminum imports, according to the American Soybean Association. Farm groups have long feared that China, which imports more than a third of all U.S. soybeans, could slow their purchases […] Read more