The newest grain export sales report from the USDA for the week ending on Dec. 24 shows that 2020 is ending on a positive note. Soybean export sales for the 2020-2021 crop surpassed analyst expectations. The trade was looking for sales ranging between 7–25 million bushels. However, the new figure passed those estimates as sales jumped 74% from the previous …
Ag Export Destinations Shift Over Previous 25 Years
The U.S. is the world’s second-largest agricultural trader after the European Union. U.S. agricultural exports grew significantly over the last 25 years, from $46.1 billion in 1994 to $126.7 billion in 2019. It’s no surprise that Canada and Mexico are two of the top destinations. The elimination of agricultural trade barriers through the 1994 North American Free Trade Agreement, which …
Taiwan Approves U.S. Pork Imports with Ractopamine
Taiwan’s parliament approved a measure that will allow U.S. pork imports containing ractopamine, a leanness-enhancing additive. Reuters says the approval came despite objections from KMT, the main opposition party, which says it creates a health risk for the Taiwanese people. The country’s president decided in August that Taiwan would allow imports of U.S. pork with the additive, which is banned …
No Changes to EU Tariff on U.S. Peanuts
On Nov. 10, tariffs imposed by the European Union (EU) went into effect on U.S. peanuts and other products. Tyron Spearman reports at this point, there have been no changes made to the 25% tariff.
Drought and Heat Harm Brazil’s Harvest
There is a saying among those who have been in the industry for a long time: “There is no citrus harvest like the other.” Growers are facing production challenges in the current harvest season in Brazil. Hot, Dry Conditions The first signs of a decrease in the season’s fruit crop were given by last year’s (August to September 2019) bloom. …
Peanut Exports Double in Last 10 Years
Good news for U.S. peanut exports, as numbers show they have doubled over the last ten 10 years. Tyron Spearman runs through the latest figures.
USDA/FAS Releases October Peanut Export Report
USDA Foreign Agricultural Service has released the October peanut usage for peanuts that were exported to China and other countries. Tyron Spearman has all of the numbers and lets you know what has increased, as well as what has decreased for October.
EU Announces Tariffs on U. S. Peanuts and Other Products
Just as the pandemc has spiked a second time, the European Union (EU) has imposed a 25 percent tariff on U.S. peanuts and other products. Tyron Spearman reports the market is trying to figure out how to get around the tariffs. Listen to Tyron’s report. There are hopes that this will sometime in January. The tariffs went into effect on …
U.S. Agricultural Exports Off to a Fast Start for the New Fiscal Year
The new fiscal year is getting off to a flying start for U.S. agricultural export sales. Gary Crawford and Bart Kenner, USDA economist have the report.
USTR Calls for Investigation of Imported Squash and Cucumbers
Action Follows Recent Blueberry, Strawberry and Bell Pepper USTR Initiatives (GFVGA) — Friday, December 4, 2020. U.S. Trade Representative Robert Lighthizer issued a letter to the Chairman of the U.S. International Trade Commission (ITC) requesting investigations into the import of cucumbers and squash and the effect on the domestic seasonal markets. The request is to investigate the monthly price trends, including an analysis and …