Reading Time: 3 minutes Beijing | Reuters – Despite the carrot of a potential exemption from import tariffs, Chinese soybean crushers are unlikely to buy in bulk from the United States any time soon as they grapple with poor margins and longer-term doubts about Sino-U.S. trade relations, people familiar with the matter said. China imposed a 25 per cent […] Read more
China’s soy crushers in no rush to buy from U.S.
U.S. government to pay $15 minimum per acre to farmers hurt by China trade war
Reading Time: 2 minutes Washington | Reuters – The U.S. government will pay farmers hurt by President Donald Trump’s trade war with China a minimum of $15 per acre under an aid package to be unveiled before the end of this week, Secretary Sonny Perdue said on Tuesday. “We’ll have information for you before the week ends,” he told […] Read more
China June pork imports surge more than 62 per cent from previous year
Reading Time: 2 minutes Beijing | Reuters – China’s pork imports in June surged from the previous year, customs data showed on Tuesday, as the world’s top consumer of the meat stocked up on supplies after African swine fever has decimated domestic pig herds. China brought in 160,467 tonnes of pork in June, up 62.8 per cent from the […] Read more
U.S. grains: Corn, soy gain as market wrestles with export, crop prospects
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures settled up on Friday as investors weighed trade talks between the United States and China and expected cooler U.S. weather against uncertainty over acreage levels following a rain-soaked spring. Some analysts said there may be some technical buying pushing up futures, especially soybeans. They also looked […] Read more
U.S. livestock: Hogs top five-week high on China demand expectations
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in more than five weeks on Friday on expectations for increased pork demand from China, the world’s top importer. Live cattle futures ended higher after dropping to their lowest prices in more than a week. Hog traders expect China, the […] Read more
U.S. grains: Soy falls on cooler weather, China cancellation
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures settled down following a choppy day of trading on Thursday, after hitting the lowest level in more than a week on forecasts for cooler weather and export data showing China had canceled soy purchases for the first time since April. U.S. Agriculture Department data showed the world’s top […] Read more
U.S. livestock: Hogs rise amid hopes of China pork demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in about a month on Thursday on expectations of bigger pork imports by China, traders said. A recent rise in Chinese pork prices, linked to an outbreak of a fatal hog disease in Asia, is fueling expectations that buyers there […] Read more
U.S. livestock: Hogs near limit up on renewed pork export hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. China’s agriculture ministry said a new outbreak of African swine […] Read more
Flax prices muted
Reading Time: < 1 minute MarketsFarm — Flax yields are expected to be average at harvest season, thanks to the combination of more seeded acres and inclement growing conditions. Export numbers have been lower in recent years, due in part to China having opted to import flax from other countries besides Canada. According to an early 2019 report from FarmLead, […] Read more
Cargill shuts China feed mills as swine fever spreads
Reading Time: 2 minutes Chicago | Reuters — Cargill shuttered animal-feed mills in China in recent months partly because the rapid spread of a fatal hog disease has reduced demand, a company executive said Friday. The closures highlight the pain for global agriculture companies from the outbreak of African swine fever in China, the world’s top hog producer and […] Read more
A message from April Stewart, Country Guide's Associate Editor
