soybean exports
Trump’s farmer bailout: half now, the rest later … maybe
President Trump's promise to protect U.S. agriculture from retaliatory tariffs by China and other countries will be paid on the installment plan — half this fall and the rest in December, or early 2018 if assistance is still needed, said Agriculture Secretary Sonny Perdue on Monday. The USDA announced $6.2 billion in outlays that will begin in September, with soybean growers in line for $3.6 billion of it.
New buyers elusive, U.S. builds a mountain of soybeans
U.S. farmers will reap a record-large soybean crop in the middle of a trade war with China, ordinarily the No. 1 export customer for the most widely grown U.S. crop, with no replacement buyer on the horizon. As a result, said the USDA, farmers can expect the lowest season-average price for soybeans in 12 years and the largest soybean stockpile ever, which likely will hold down prices in the future.
With tariffs in place, China slows pace of soybean imports
Chinese imports of soybeans during July were 8 percent smaller than in June as the nation digested a soy glut at its ports, said AgriCensus on Wednesday. Imports tumbled at the same time that China imposed retaliatory tariffs on U.S. goods in the escalating tit-for-tat trade war with the United States.
Disruption in U.S. cotton and soy exports loom due to trade war
One of the world's largest grain companies warned of a "skinny export season" for U.S. soybeans and an intergovernmental body said the United States might need to seek new markets for its cotton due to President Trump's trade war with China. Meanwhile, the Trump administration threatened on Wednesday to put 25-percent tariffs on $200 billion worth of Chinese imports as leverage for reform.
‘Tariffs are working big time,’ says Trump; China threatens counterpunch
Farm sector frets as tariffs hit export customers
Farm country is worrying and waiting for the next shoe to drop in Trump administration trade disputes with leading ag export markets, including China, Canada, Mexico, and the European Union. A Purdue University poll of producers found a “tremendous amount of uncertainty about future conditions.”
No pain, no gain in trade dispute with China, says Ross
Negotiations didn’t work, so the Trump administration is relying on the economic discomfort of tariffs to force China to change its trade practices, said Commerce Secretary Wilbur Ross on Wednesday. Farm-state senators say there is a risk of the long-term loss of export markets as the dispute escalates.
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.
Trump: China will buy ‘practically as much as our Farmers can produce’
In a pair of tweets on Monday, President Trump touted a potential trade deal with China that would mean massive Chinese purchases of U.S. farm exports. The tweets followed a joint statement by the two nations that a deal would include “meaningful increases” in agricultural goods.
Brazil set for record soybean crop, exports
A Brazilian analyst said the country will see record-setting soybean exports this year as the result of a drought-afflicted crop in Argentina and trade tensions between the United States and China, reported Reuters.
Wheat, soy groups fear retaliation for U.S. steel and aluminum duties
Groups representing U.S. wheat and soybean growers said the steel and aluminum tariffs announced by President Trump might lead to retaliatory steps by China, the No. 1 buyer of American farm exports.
China studies impact of sanctioning U.S. soybeans
Days after China began an anti-dumping investigation of imported U.S. sorghum, its Ministry of Commerce met with domestic companies to discuss possible anti-dumping and anti-subsidy reviews of U.S. soybeans, reported Bloomberg.
Brazil elbowing out U.S. in soybean sales to China
The United States is the world’s largest soybean producer and Brazil is the largest exporter, a long-term trend that is putting U.S. farmers at a disadvantage in sales to China, which buys 60 percent of the soybeans on the world market.