Reading Time: < 1 minute Beijing | Reuters – China’s imports of U.S. agricultural products will fall sharply once Beijing implements retaliatory trade measures and the country is able to cover its demand for cooking oil and animal feed, vice agriculture minister Han Jun said on Friday. The trade dispute will have a limited impact on China’s agriculture sector, but hit its U.S. counterparts […] Read more
China expects its U.S. agricultural imports to fall sharply
Argentina plans to export major amounts of soymeal to China in 2019
Reading Time: 2 minutes Beunos Aires | Reuters – Argentina expects to export significant amounts of soymeal to China starting after the next harvest in May, a top agriculture ministry official said on Friday, as the South American grains powerhouse moves to take advantage of U.S.-China trade strife. Argentine officials were in Beijing on Friday finalizing the paperwork needed to ship […] Read more
China plans tariffs on $60 bln of U.S. goods in latest trade salvo
Reading Time: 4 minutes Beijing | Singapore | Reuters – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more
China reports 1st African swine fever outbreak, culls 1,000 hogs
Reading Time: 2 minutes Beijing | Reuters – China reported its first outbreak of the deadly African swine fever (ASF) on Friday, as authorities in Liaoning province in the country’s northeast culled almost 1,000 hogs and rushed to control the highly contagious disease. News of the infection will stoke concern about its spread in the world’s largest pig herd, and possibly […] Read more
Bunge posts surprise loss on trade-related soy hedges
Reading Time: 2 minutes Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more
CBOT weekly outlook: Corn and soy markets awaiting USDA report
Reading Time: 2 minutes CNS Canada – After a week where corn, soybean and wheat contracts climbed on the Chicago Board of Trade, traders are now awaiting the latest supply and demand report from the United States Department of Agriculture. “With the crop report (for) August, which at least over the last five years has historically leaned more bearish […] Read more
ADM earnings double, helped by U.S.-China trade row
Reading Time: 2 minutes Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
G20 ag ministers slam protectionism, pledge WTO reforms
Reading Time: 2 minutes Buenos Aires | Reuters — Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were “concerned about the increasing use […] Read more
CBOT weekly outlook: Corn, soybeans look to wheat for support
Reading Time: < 1 minute CNS Canada — Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price […] Read more
U.S. grains: Soy jumps as U.S. readies aid for farmers
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to two-week highs on Tuesday as the Trump administration said it would provide up to US$12 billion in aid to shield U.S. farmers from economic pain stemming from trade disputes. The program will include direct payments for farmers, and those who grow soybeans are expected to be […] Read more
A message from April Stewart, Country Guide's Associate Editor
