Beunos Aires | Reuters – Argentina expects to export significant amounts of soymeal to China starting after the next harvest in May, a top agriculture ministry official said on Friday, as the South American grains powerhouse moves to take advantage of U.S.-China trade strife. Argentine officials were in Beijing on Friday finalizing the paperwork needed to ship […] Read more
Argentina plans to export major amounts of soymeal to China in 2019
China plans tariffs on $60 bln of U.S. goods in latest trade salvo
Beijing | Singapore | Reuters – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more
Bunge posts surprise loss on trade-related soy hedges
Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more
ADM earnings double, helped by U.S.-China trade row
Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
U.S. says farmers could get cash aid by Oct. but will not be made whole
Buenos Aires | Reuters – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on July 28, warning that the program will not make tariff-hit farmers whole. Perdue said in an interview on the sidelines of the G20 meeting […] Read more
Tread lightly with tariffs, says CCA
Reading Time: < 1 minute The Canadian Cattlemen’s Association says it backs Ottawa’s stance in standing up to “illegal U.S. tariffs on Canadian steel and aluminum.” But the farm group says it continues to remind federal officials “that the Canadian beef sector is highly dependent on trade with the U.S.” The retaliatory Canadian tariffs include items such as beef jerky […] Read more
U.S. soybeans stay on China’s retaliation list for Trump tariffs
Washington/Beijing | Reuters — U.S. President Donald Trump said he was pushing ahead with hefty tariffs on US$50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than […] Read more
Amid trade uncertainties, Linamar builds up ag unit
CNS Canada — When Linamar announced it was purchasing MacDon Industries at the end of last year, there was trade uncertainty for Canada. Since then, the issues have ballooned, but Linamar isn’t panicking. “We’re trying to look past (the trade uncertainty) a little bit because there’s a lot going on there and we don’t know […] Read more
U.S. grains: Soybeans turn lower on trade tensions
Chicago | Reuters — U.S. soybean futures ended lower on Thursday on worries about global trade tensions threatening exports, analysts said, while wheat and corn firmed on bargain-buying and ideas of tightening global supplies. Chicago Board of Trade July soybeans settled down 4-1/2 cents at $10.18-1/2 per bushel (all figures US$). July wheat ended up […] Read more
U.S. meat groups fear for market growth with China beef tariff hike
Chicago | Reuters — China’s proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said Wednesday, even as they remained hopeful the dispute could be resolved quickly. China listed U.S. goods from soybeans to beef that could potentially incur a 25 per cent import tariff […] Read more
Cyber-Savvy Farmer
