Washington | Reuters — President Donald Trump said on Monday that his administration was planning to provide about US$15 billion in aid to help U.S. farmers whose products may be targeted with tariffs by China amid a deepening trade war. “We’re going to take the highest year, the biggest purchase that China has ever made […] Read more
Trump says more farm aid coming amid China trade war
U.S. plans more aid for farmers amid China trade spat
Chicago/Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help U.S. farmers cope with the heavy impact of the U.S.-China trade war on agriculture. A new aid program would be the second round of assistance for farmers, after the Department […] Read more
U.S. grains: Soy sinks to decade low as China trade war escalates
Chicago | Reuters — U.S. soybean futures sank to their lowest prices in more than a decade on Friday as U.S. President Donald Trump said he was in no hurry to sign a deal to end the trade war with Beijing, a dispute that has slashed U.S. exports of the oilseed to China. Wheat futures […] Read more
U.S. livestock: Escalating trade war pressures CME hog futures
Chicago | Reuters — Concerns about a prolonged trade war between the United States and China pressured U.S. lean hog futures on Friday, while cattle futures advanced. U.S. and Chinese negotiators ended two days of talks to try to salvage a trade deal in Washington on Friday after the U.S. imposed a new set of […] Read more
U.S. grains: Soy futures break 10-year low on China trade tensions
Chicago | Reuters — U.S. soybean futures tumbled to their lowest prices in more than a decade on Thursday as traders worried that make-or-break trade talks between Washington and Beijing would fail to produce a deal. Corn and wheat futures also fell as a two-day U.S.-China trade meeting was set to begin in Washington. President […] Read more
U.S. livestock: Hog futures recover on hopes for China trade deal
Chicago | Reuters — U.S. hog futures shook off early losses to end mostly higher on Thursday as fears about rising acrimony between Washington and Beijing gave way to hopes that negotiators may be able to hammer out a deal to end the U.S.-China trade war. U.S. President Donald Trump said it was possible the […] Read more
U.S. to levy tariff on imported Mexican tomatoes in trade spat
Washington | Reuters — The U.S. Commerce Department said on Tuesday it will begin imposing a 17.5 per cent tariff on imported Mexican tomatoes, but said it is optimistic that a deal can be reached to extend a 2013 agreement that suspended a U.S. anti-dumping investigation. “The Department of Commerce remains committed to ensuring that […] Read more
U.S. livestock: Hog futures extend setback on trade tensions
Chicago | Reuters — U.S. lean hog futures touched their lowest prices in about two months on Tuesday on concerns over elevated trade tensions between Washington and Beijing. Traders are worried that a resolution to the U.S.-China trade war may be farther off than previously expected, after U.S. President Donald Trump’s surprise statement on Sunday […] Read more
U.S. grains: Soy futures stabilize, eyeing China trade talks
Chicago | Reuters — U.S. soybean futures crept higher on Tuesday as traders breathed a sigh of relief over confirmation that a top Chinese negotiator will visit the United States for trade talks this week. Corn and wheat futures also strengthened at the Chicago Board of Trade (CBOT). Traders are monitoring any news on trade […] Read more
U.S. grains: Soybeans plunge after Trump tariff threat against China
Chicago | Reuters — Chicago Board of Trade soybean and corn futures plummeted to new contract lows on Monday — with soy plunging to the lowest levels seen in nearly eight months — after U.S. President Donald Trump said he would raise tariffs on Chinese goods this week, clouding prospects for a trade settlement between […] Read more
Cyber-Savvy Farmer
