trade war Archives | Alberta Farmer Express

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

By Andrea Shalal, Gabriel Stargardter December 2, 2019

Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary […] Read more

Corn, Markets, Reuters, Soybeans

U.S. corn exports falter, soybean business could meet same fate

By Karen Braun November 7, 2019

Fort Collins | Reuters – It is no secret that overseas demand for U.S. corn has been downright terrible as of late, and relief does not seem likely in the immediate term as purchase commitments remain dismal. Forward sales for U.S. soybeans are nothing to brag about either, but soy exporters have enjoyed more success recently than […] Read more

Markets

Action needed on trade talks, supply/demand report out Friday

By Glen Hallick - MarketsFarm November 6, 2019

MarketsFarm – There needs to be some kind of firm, tangible action when it comes to the partial trade agreement between the United States and China, said Steve Georgy of Allendale Inc. in McHenry, Ill. He pointed to China, which recently said it wants some of the tariffs the U.S. has on its imports to […] Read more

Reuters

Bunge shares slide as China trade war, pig disease upset exports

By Arundhati Sarkar, Tom Polansek October 30, 2019

Reuters – Agricultural merchant Bunge Ltd warned on Wednesday of a drop in annual profits due to mounting challenges to its grain trading and processing business from the U.S.-China trade war and a fatal pig disease in Asia, sending shares down more than 4 percent. The company reported better-than-expected third-quarter profits, driven by higher margins […] Read more

Reuters, Soybeans

Beijing’s refusal to order U.S. farm buys becomes pain point

By Hallie Gu, Heather Timmons October 30, 2019

Washington/Beijing/Reuters – U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations. Trump has said publicly that China could buy as much as $50 billion of U.S. farm […] Read more

Markets, Reuters

China to request U.S. remove tariffs in exchange for ag buys

By Andrea Shalal, David Lawder October 25, 2019

Washington | Reuters – Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products, but in return, Beijing will request cancellation of some planned and existing U.S. tariffs on Chinese imports, people briefed on the talks told Reuters. Robert Lighthizer, the United States Trade Representative, U.S. […] Read more

Crops, Machinery & Shop, Reuters

Deere to lay off 163 U.S. workers as trade war dents demand

By Rajesh Kumar Singh October 1, 2019

Chicago | Reuters — Deere and Co. on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come week after the company said it would reduce production by 20 per cent at its facilities in Illinois […] Read more

Crops, Reuters

Trump trade-war aid sows frustration in farm country

By P.j. Huffstutter September 13, 2019

Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more

Crops, Markets, Reuters

Farmer’s threat prompts USDA to pull staff from crop tour

By P.j. Huffstutter, Tom Polansek August 21, 2019

Henry County/Chicago | Reuters — The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer. Farmers have complained this month that a government crop report did not reflect damage […] Read more

Crops, Markets, Reuters

Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk in ongoing trade war

By Karl Plume August 20, 2019

Chicago | Reuters — A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge is facing an even more uncertain business environment, with a new CEO determined not to get burned again. Gregory Heckman, who joined Bunge’s board late last year and took on the […] Read more

Chinese meat packing giant locks in JBS supply

Virus concerns add more uncertainty to cattle market

U.S. grains: Corn, soy, wheat fall on coronavirus fears

GFM Network News