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Shining Light on Farm & Food Policy for 20 Years.
Friday, April 19, 2024
The USDA is reporting Thursday yet another large Chinese purchase of U.S. corn, reinforcing assessments that the country’s demand for the grain is strong as it tries to rebuild its swine herd.
The USDA announced Tuesday that Chinese importers contracted to buy hefty new amounts of U.S. corn and soybeans just hours after top U.S. and Chinese trade officials met Monday night to review progress of the “phase one” trade pact.
Come Nov. 3 President Donald Trump says he’s expecting to get a substantial boost at the ballot box from Bernie Sanders supporters, primarily based on Trump’s hard-line trade tactics with China.
USDA announces new export sales of 405,000 metric tons of corn and 400,000 tons of soybeans to China for delivery in the 2020-21 marketing year, providing new evidence that Chinese demand remains strong despite tensions between the two countries.
U.S.-China tensions are escalating, but President Donald Trump is expressing new satisfaction with the "phase one" trade deal amid rising Chinese purchases of U.S. corn, soybeans and sorghum.
U.S. beef exports to China are rising and the long-term forecast is optimistic for U.S. producers and shippers, but the deal that enables those rosy expectations hasn’t been completely finalized by the Chinese, according to government and industry sources.
U.S. agricultural exports to China are up from a year ago but still far below the amounts needed to meet the pledges the Chinese made under the “phase one” trade agreement, according to new USDA data.
China has made another record-breaking U.S. corn purchase, according to USDA data released Thursday. The sale of 1.937 million metric tons is some much-needed good news for U.S. farmers weathering low prices, reduced demand and high stocks, says Kevin Ross, president of the National Corn Growers Association.
President Donald Trump on Thursday issued another veiled threat to the U.S.-China “phase one” trade pact as the relevancy of the deal comes under question with perhaps just months left in the Trump presidency.
China’s livestock sector is booming even as the country recovers from African swine fever, and the country’s demand for feed is fueling optimism for U.S. corn and soybean exports in the 2020-21 marketing year, which begins Sept. 1.
