farmers

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 — …

ag

Announced China Ag Purchases Lack Details

Dan Exports/Imports, Industry News Release, Trade

Agriculture eagerly awaits any details regarding increased purchases of U.S. ag products by China. President Trump over the weekend said following a discussion with China that the nation “will be buying massive amounts of product from us,” promising an “incredibly positive impact on farming.” Politico reports, however, there is no guarantee China will hold its end of the bargain, as …

trade

U.S.-China Take Step to Resolve Trade Differences

Dan Beef, Industry News Release, Soybeans, Trade

News of progress in resolving a U.S.-Chinese trade dispute has several in the ag sector expressing levels of optimism. Rod Bain has the story. U.S.-China Take Step to Resolve Trade Differences Source for below: American Soybean Association Soybean Growers Relieved to Hear Positive Trade News from G20 The American Soybean Association (ASA) was pleased to hear positive reports from the …

steel

Steel and Aluminum Tariffs Cancel Benefits of USMCA

Dan Exports/Imports, Industry News Release, Trade

Steel and aluminum tariffs by the U.S. will hurt agriculture more than NAFTA 2.0 will help. The updated North American Free Trade Agreement, known as the U.S.-Mexico-Canada Agreement (USMCA), would grow U.S. agricultural exports by $450 million a year, according to the Farm Foundation. However, the organization says the retaliatory tariffs in response to the tariffs that President Donald Trump …

ag

U.S. Planning Another Round of China Tariffs

Dan Industry News Release, Trade

The United States is readying more tariffs against China if there is no positive momentum following a meeting between President Trump and China’s President Xi Jinping. Bloomberg News reports the new round will be announced if the talks during the G20 summit between the two fails. The new round, proposed to be announced in early December, would apply to imports …

trade deal

Canada Willing to Stall Trade Deal with China until China is More Reasonable

Dan Exports/Imports, Industry News Release, Trade

Canada is willing to stall a potential trade deal with China until China starts behaving better, according to CBC News. Canada’s ambassador to China says a trade pact doesn’t seem likely to be reached until China shows flexibility on controversial policies. Ambassador John McCallum says right now, much of the work on a potential trade agreement is focusing on “bridging …

pork market

ASF Could Drastically Change China’s Pork Market

Dan Industry News Release, Pork

African swine fever could reshape the pork market in China. A Rabobank report says the disease could accelerate a shift in pork production and boost import needs for 2019. Local supply shortages are being reported stemming from the ban on live hog transportation that was enacted to prevent further spread of the disease. The potential for radical change could “impact …