china

U.S.-China Dispute Harming Canadian Soybean Growers

Dan Exports/Imports, Industry News Release, Soybeans, Trade

Soybean farmers in Canada are feeling the impact of the U.S.-China trade war as soybean prices decline. CNBC reports that while Canadian soybean farmers could see an increased market share from importing nations, experts say the current soybean market plays a much more significant role. Since April, soybean futures have dropped nearly 20 percent in the United States, and Canadian …

yield

USDA Increases Corn, Soybean Production Forecast

Dan Corn, Industry News Release, Soybeans, Wheat

The Department of Agriculture Thursday upped its predictions for larger corn and soybean crops this year. The USDA World Agriculture Supply and Demand Report predicts corn production at 14.2 billion bushels and soybeans increasing to 4.3 billion bushels. The 2018/19 U.S. corn outlook includes larger supplies, greater feed and residual use, increased exports, and lower ending stocks. Increased 2017/18 exports …

implement

China Quickly Retaliating Against U.S.

Dan Beef, Corn, Exports/Imports, Industry News Release, Soybeans, Trade

Following implementation day of President Trump’s tariffs on China, the nation responded quickly to retaliate with previously threatened penalties on U.S. pork, beef, soybeans and automobiles. Meat industry publication Meatingplace reports China says Trump has “violated World Trade Organization rules and launched the largest trade war in economic history to date.” The first wave of tariffs was imposed Friday, which …

plant

Plant-Based Milk Alternatives Changing Dairy Market

Dan Dairy, Industry News Release, Soybeans

A new report from CoBank predicts continued double-digit growth in the plant-based milk alternatives market. The report says sales are up 61 percent over the past five years, with slower growth of 15 to 25 percent projected by 2022. Meanwhile, cow’s milk consumption continues a decades-long slump. However, a CoBank spokesperson says the total volume of alternative milk is “relatively …

china

China Looking to Russia for Soybeans

Dan Exports/Imports, Industry News Release, Soybeans

The world’s biggest importer of soybeans, China, almost tripled soybean purchases from Russia amid a growing trade dispute with the U.S. A Bloomberg report says Russia sold approximately 850,000 metric tons over the most recent twelve-month season. That compares to 340,000 tons sold during the previous period. China has already canceled several soybean purchases from the U.S. in anticipation of …

soybean

Soybean Growers Submit Comments on Tariff Proposal

Dan Industry News Release, Soybeans

The American Soybean Association recently submitted comments on the Section 301 tariffs to the United States Trade Representative during the 30-day open comment period. USTR recently initiated an investigation under Section 301 of the Trade Act of 1974 into the government of China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation. A slew of tit-for-tat tariffs …