grain trade

China Wants to Stop Buying U.S. Soybeans

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

The biggest move by China against the U.S. in the tit-for-tat trade war could be a movement towards abandoning U.S. soybeans. China, facing a potential shortage following its 25 percent tariff on U.S. soybeans, is already purchasing from other suppliers and proposing to cut the amount of protein used in livestock feeds. CNN reports that one of China’s top feed …

florida

Japan-EU Trade Deal to Increase Market Competition

Dan Exports/Imports, Industry News Release, Trade

A trade agreement between the European Union and Japan will increase competition for the United States. Japan’s conclusion of the trade agreement, and efforts to complete the Comprehensive and Progressive Trans-Pacific Partnership, will increase competition in Japan for U.S. oilseed and vegetable products, according to the Department of Agriculture Foreign Agricultural Service. The two agreements contain tariff concessions for a …

pork producers

Trade News Has Pork Producers Feeling Optimistic

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

News on the trade front is getting better for U.S. pork producers as the Trump administration announced it wants to negotiate trade agreements with the European Union, Japan and the United Kingdom. The National Pork Producers Council commended the administration for its ambitious trade agenda. The administration recently updated agreements with Canada and Mexico and with South Korea that maintained …

soybeans

China May Be Getting U.S. Soybeans Through the Backdoor

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

It’s possible that Chinese soybean buyers could still be getting American soybeans by purchasing their beans from Argentina. Export reports show that Argentina is buying soybeans from the U.S. and exporting its own production to China. However, a grain market expert says that’s not likely because a drought left Argentina grain stocks in short supply. “The issue is that Argentina …

Export

Updated KORUS Protects Current Market Share

Dan Beef, Exports/Imports, Industry News Release, Pork, Trade

The new KORUS agreement offers a sigh of relief for U.S. beef and pork. The U.S. Meat Export Federation says the market access terms secured in the original KORUS not only helped increase U.S. red meat’s market share in South Korea, but also bolstered consumption by making U.S. beef and pork products more affordable and accessible to Korean consumers. Those …

Agriculture Trade Surplus to Shrink

Dan Exports/Imports, Industry News Release, Trade

Agriculture is consistently one of the few areas of the American economy that sells more overseas than it buys. However, Farm Journal’s Ag Web Dot Com says that’s going to drop in the upcoming year. The surplus is set to shrink as shipments to China collapse because of the trade war with the U.S. A government forecast says the world’s …

grain trade

China Grain Imports Plunge Amidst Tariffs

Dan Corn, Exports/Imports, Industry News Release, Trade, Wheat

Imports of grain to China plunged in July after rounds of heavy tariffs between the U.S. and China were enacted. Data reviewed by Reuters shows China imported 220,000 metric tons of sorghum in July, down 62.5 percent from 588,300 metric tons a year ago. The imports were also below June’s 450,000 metric tons, when buyers scooped up U.S. shipments of …

grain

Farm Export Prices Post Large Declines

Dan Exports/Imports, Industry News Release, Trade

U.S. agriculture export prices fell 5.3 percent last month. Data released by the U.S. Department of Labor shows the decline is the largest drop in farm exports since 2011. The decline in July followed a one percent decrease in June, which followed a 1.6 percent increase in May. The department says a 14.1 percent drop in soybean prices was the …

soybeans

Agri View: Tension Affecting Farm Exports

Dan Agri View, Exports/Imports, Soybeans

Everett Griner talks about how the tension of the trade war, and the tariff issue, has affected our soybean exports in today’s Agri View. Tension Affecting Farm Exports Soybeans are one of America’s largest crops. In total acreage it ranks right up there with cotton and corn. It goes without saying that imports are important. Up until recently China was …