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 …
More Details on Crop Acreage Report
Tyron Spearman looks at more numbers from Friday’s USDA 2018 planted acreage reports. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Plant-Based Milk Alternatives Changing Dairy Market
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 …
Planting Dates for Crop Insurance
There have been some questions concerning planting date deadlines for crop insurance. So Tyron Spearman has a story that hopefully answers those questions. Planting Dates for Crop Insurance Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
China Looking to Russia for 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 …
Agri View: Crop Prospects
Everett Griner talks about the USDA forecast changes for the southeast in today’s Agri View. Everett gives his outlook of the report for the southeast, and his predictions of what is missing from the report. Crop Prospects The USDA Crop Planting Report came out back in late March. The portion I received only covered the Southeast. It prophesied some of …
Soybean Growers Submit Comments on Tariff Proposal
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 …
USDA Projects Smaller Corn, Soybean Crops
The May World Agricultural Supply and Demand Estimates from the Department of Agriculture projects smaller corn and soybean crops this year. The corn crop is projected at 14.0 billion bushels, down from last year with a lower forecast area and yield. The yield projection of 174.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and …
Bunge: China Has Stopped Buying U.S. Soybeans
China has stopped buying U.S. soybeans as a result of a trade war between the two nations. Bunge Ltd. CEO Soren Schroder told Bloomberg this week that China is instead buying soybeans from Canada and Brazil. China last month announced the planned tariff on U.S. soybeans, shifting the nation’s buying habits. The tariffs are part of an ongoing trade dispute …
Soybean Growers Talking Tariffs, Trade on Capitol Hill
American Soybean Association farmer-leaders from across the country are on Capitol Hill this week to talk with lawmakers about the potential impact of Chinese tariffs on U.S. soybeans. ASA President John Heisdorffer says China purchases 61 percent of U.S. soybean exports, as well as 30 percent of the overall U.S. soybean production. “In short, trade with China matters and is …