In goodwill gesture, Trump delays higher Chinese tariffs for two weeks

Hours after complimenting China for waiving tariffs on some U.S. products, President Trump announced on Wednesday a two-week delay, until Oct. 15, of higher tariffs on $250 billion worth of Chinese-made goods. On social media, Trump called the delay “a gesture of good will.”

Trade war could slow Chinese soy imports for years, says USDA

China will remain the world’s largest soybean importer in coming years even if the trade war with the United States is not settled, but it won’t be buying as much of the oilseed, said USDA analysts on Wednesday.

China buys 96.6 million bushels of U.S. soybeans in a week

In a break from the trade war, China made its third purchase of U.S. soybeans in a week, said the USDA on Wednesday. The purchases followed a meeting between President Trump and Chinese President Xi Jinping in Buenos Aires that Trump said would result in significant exports to China.

U.S. heads for near-record corn exports

Thanks to continued strong demand from overseas buyers, U.S. corn exports this trade year could be the second highest ever, the Foreign Agricultural Service said on Thursday.

Argentina imports U.S. soybeans, a first in more than two decades

In the agricultural equivalent of coals to Newcastle, the No. 3 soybean grower in the world, Argentina, is buying soybeans from one of its major competitors, the United States, because of drought damage to its own crop.

Drought wallops Argentina’s soybean crop

Prolonged drought will limit Argentina’s soybean crop to 47 million tonnes this year, about 10 million tonnes less than usual, estimated the USDA in its monthly WASDE report.

Drought in Argentina may take a toll on world grain supplies

Argentina is headed for its worst drought in three decades, and a downturn in crop production will likely slow the economic recovery in a country where corn and soybeans account for 36 percent of all exports, said Bloomberg.

Commerce Department authorizes anti-dumping duties on imported biodiesel

Biodiesel makers in Argentina and Indonesia should face anti-dumping duties of up to 277 percent on their shipments to the United States, ruled the Commerce Department in a case brought by domestic producers.

Report: Biodiesel driving deforestation and host of other problems at home and abroad

An investigation by activist groups Mighty Earth and ActionAid USA challenges the notion of biodiesel as the environmentally responsible fuel of the future. Burned: Deception, Deforestation and America’s Biodiesel Policy claims that growing demand for biodiesel in the U.S. contributes to a host of problems, from deforestation in Argentina and Indonesia to algae blooms in Lake Erie and the Gulf of Mexico’s dead zone.