trade

China, U.S. Nearing Trade Deal

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

The U.S. and China are inching closer to an agreement on trade that could be reached this month, according to those close to the talks. Bloomberg reports an agreement could be reached and finalized later this month during a planned summit between China’s President and President Donald Trump. As part of the potential agreement, China would lower tariffs on agricultural …

Chinese subsidies

WTO Officially Acknowledges Chinese Subsidies Violate Rules

Dan Economy, Trade

The World Trade Organization (WTO) has now officially ruled in favor of the U.S. in a complaint related to Chinese subsidies for agricultural products.  The WTO dispute settlement panel found that China exceeded international standards for farming support, causing trade distortion and creating artificial pricing for wheat and rice.  The ruling was expected to go in favor of the U.S. …

soybeans

China to Purchase More U.S. Soybeans

Dan Soybeans

On Friday, the U.S. Department of Agriculture (USDA) announced during White House meetings, the Chinese government committed to buy an additional 10 million metric tons of U.S. soybeans. In a tweet, Agriculture Secretary Sonny Perdue wrote: “Hats off to the President (@POTUS) for bringing China to the table. Strategy is working. Show of good faith by the Chinese. Also indications …

asf

ASF Could Slow Pork Consumption in China

Dan Pork

Since African swine fever (ASF) was first discovered in China in August 2018, officials have confirmed about 100 outbreaks of the disease. And while ASF does not pose a threat to human health, some wonder if transportation restrictions on hogs and pork products and heavy news coverage of the disease could cause a slowdown in China’s pork consumption? U.S. Meat Export …

trade

U.S., China to Continue Trade Talks This Week

Dan Exports/Imports, Industry News Release, Trade

The U.S. and China will continue talks this week that will hopefully lead to an end to the trade war between the two economic superpowers. A Reuters article says sources from both sides feel the recent negotiations kept things moving forward. The Trump Administration still seems committed to the March 1 deadline to reach a deal or raise tariffs on …

soybean

Soybean Growers Want Resolution with 90-Day Negotiation Period Waning

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

Soybean growers urge Congress to press Administration to end tariffs Talks are good, purchases are good, but lifting the tariff that China imposed last July on soybean imports from the United States is the only way for U.S. soybean farmers to regain commercial access to the significant Chinese market. “It is heartening that the Administration is keeping soybeans in the …

soybeans

China Buys U.S. Soybeans Following Trade Meeting

Dan Exports/Imports, Industry News Release, Soybeans

China continues to purchase U.S. soybeans with a more than one million metric ton buy on Friday, and another 600,000 metric ton purchase reported Monday. Following a round of trade talks last week, China pledged to purchase another five million metric tons of U.S. soybeans. Friday’s purchases by state-owned firms were believed to be destined for China’s state reserves, and …

soybeans

Farmers Optimistic as China Buys U.S. Soybeans

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

Alabama soybean farmers are optimistic in light of China’s Dec. 12 purchase of U.S. soybeans, the nation’s first substantial U.S. agricultural purchase following a trade truce struck earlier this month. China’s haul of over 1.5 million tons of soybeans is valued at more than $500 million. In 2017, China bought 60 percent of U.S. soybeans — worth $12.25 billion — …