export

China Scooping Up U.S. Corn and Soybeans

Dan Corn, Exports/Imports, Soybeans

The world’s biggest importer of commodities is feeling the pinch of the Russian invasion of Ukraine. China is buying large numbers of U.S. corn and soybeans to help offset potential shortages in world commodity supplies because of the Russian invasion of Ukraine and slower harvests in South America. Bloomberg says Chinese buyers booked 20 cargoes of American soybeans and 10 …

administration

China Didn’t Meet Phase One Commitment

Dan Exports/Imports, Trade

China wound up $16 billion short of achieving its obligations under the Phase One Trade Deal with the U.S. A DTN report says the Biden administration is looking for ways to keep China buying agricultural products. Ag Secretary Tom Vilsack told the House Ag Committee that the administration is “putting them on notice that we want them to live up …

china

U.S. and China Trading at a Brisk Pace

Dan Exports/Imports, Trade

China and the U.S. are shipping goods back and forth at the quickest pace in years. Bloomberg says that’s making it look as if the tariff war and COVID-19 never interrupted the world’s largest bilateral trade relationship. Bilateral trade in goods is an area of stability in a relationship that otherwise continues to struggle. In February of 2020, monthly two-way …

tariffs

Red Meat Exports Thrived in the First Year of U.S.-China Agreement

Dan Beef, Cattle, Exports/Imports, Livestock, Sheep-Goats

One year has passed since the red meat trade provisions of the U.S.-China Phase One Economic and Trade Agreement entered into force. The agreement expanded access for U.S. beef and pork in the world’s largest red meat import market. Joel Haggard, U.S. Meat Export Federation (USMEF) senior vice president for the Asia Pacific, says the Phase One agreement has been …

export

China Buys another Large Shipment of U.S. Corn

Dan Corn, Exports/Imports

(NAFB) — China bought a large shipment of U.S. corn on Tuesday. Private exporters reported the sale of 1.15 million tons of corn for delivery by the end of August. The corn is equivalent to more than 45 million bushels and was worth 251 million dollars based on Chicago futures prices. It was the largest sale of U.S. corn to …