Reading Time: < 1 minute Buenos Aires | Reuters — Argentine biodiesel producer Ecofuel exported 29,000 tonnes of biodiesel to Canada in March and plans to make a new shipment of the same volume to the country this month, an advisor to biofuels industry group Carbio said Friday. The deal, which marks Argentina’s first biodiesel exports to Canada, comes after […] Read more
Argentina exports biodiesel to Canada after U.S. imposes tariffs
U.S. to export pork to Argentina after 26 years
Reading Time: 2 minutes Washington/Chicago | Reuters — U.S. pork exporters will soon be free to ship meat to Argentina for the first time in 26 years after the two countries thrashed out an agreement to overturn an Argentinian import ban. The deal is a sliver of good news for U.S. farmers facing trade tariffs and disruption to exports […] Read more
CBOT weekly outlook: Soy recovers from wild week
Reading Time: 2 minutes CNS Canada — After a wild week in which the Chicago Board of Trade (CBOT) soybean market plunged, following China announcing tariffs on imports of U.S. soybeans, it has recovered. China on Thursday announced plans for a 25 per cent tariff on U.S. soybean imports in retaliation of previously announced tariffs by the U.S. on […] Read more
Tariffs raise tough questions for pork industry
Reading Time: 2 minutes CNS Canada — Representatives from the two largest pork-exporting states in the U.S. were in Winnipeg Thursday to take in the Manitoba Pork Council’s general meeting. The delegates, who hailed from Iowa and Minnesota, talked about the various challenges facing their industry. In 2017, over a quarter of the U.S. pork industry’s C$6.5 billion market […] Read more
Pulse weekly outlook: China/U.S. dispute could open window for peas
Reading Time: 2 minutes CNS Canada — As trade tariffs between China and the U.S. mount, so too does the potential for other countries to swoop in and plug the gap in whatever market may need filling. While U.S. soybeans are the most significant of the crops included so far in the tit-for-tat battle of proposed tariffs, it seems […] Read more
U.S. lawmakers skeptical of promises to shield farmers from trade dispute
Reading Time: 3 minutes Overland Park, Kan. | Reuters — U.S. lawmakers and the farm industry were skeptical of the Trump administration’s promise to shield farmers from the rapidly escalating trade dispute between the U.S. and China, concerned about the lack of details in protecting the agricultural export sector now embroiled in the back-and-forth. Major farming states supported U.S. […] Read more
U.S. grains: Soybeans close firm despite trade threats
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday, with traders shrugging off rhetoric about escalations in a trade war between China and the U.S. to focus on fresh export deals. China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the U.S. follows […] Read more
U.S. grains: Soybeans rally as market digests Chinese tariff threat
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rallied more than one per cent on Thursday as investors played down the immediate impact of proposed Chinese tariffs on U.S. supplies, a move that had sent prices plunging a day earlier. U.S. wheat futures jumped as much as two per cent, lifted by worries that cold temperatures […] Read more
Trump proposes US$100 billion more in new tariffs on China
Reading Time: < 1 minute Washington | Reuters — U.S. President Donald Trump said on Thursday he had instructed U.S. trade officials to consider US$100 billion in additional tariffs on China, fueling an already heated trade dispute between the world’s two biggest economies. Trump said in a statement the further tariffs were being considered “in light of China’s unfair retaliation” […] Read more
CBOT weekly outlook: Soybeans wade through turbulent trade waters
Reading Time: 2 minutes CNS Canada — Soybean futures on the Chicago Board of Trade suffered sharp losses Wednesday after China said it would slap a 25 per cent tariff on soybean imports in retaliation for U.S. sanctions that had been placed on it. The dominant May contract plummeted 55 cents to $9.83 a bushel, before bargain-hunters stepped in […] Read more
A message from April Stewart, Country Guide's Associate Editor
