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Shining Light on Farm & Food Policy for 20 Years.
Monday, May 06, 2024
President Donald Trump signed the new farm bill into law at a White House ceremony Thursday afternoon, calling it a "really tremendous victory" for American producers.
The Department of Agriculture announced this morning export sales of 1.19 million tons of U.S. soybeans to China, the third such announcement in the past seven days after months of virtually no trade amid U.S. and Chinese trade hostilities.
Interior Secretary Ryan Zinke is leaving his position by the end of the year as he faces a growing list of investigations into his travel and political activity during his time.
The USDA announced Friday a 300,000 metric ton sale of U.S. soybeans to Chinese buyers, following a Thursday purchase announcement of 1.13 million tons.
The USDA confirmed Thursday morning that China has purchased 1.13 million metric tons of U.S. soybeans, ending months of virtually no purchases since the Chinese government levied a 25 percent tariff on soybeans, corn, wheat, sorghum and other ag commodities.
British Prime Minister Theresa May today called off a Tuesday vote by the U.K. Parliament on her negotiated plan to withdraw from the European Union. Without giving a specific timeline, May said the vote was delayed because she believed her Brexit plan "would be rejected by a significant margin.”
President Donald Trump and the White House have been making some big promises about China coming back into the market to purchase U.S. farm commodities, but the details over which products, how much, and when this will happen remain murky beyond descriptive terms like “massive amounts” and “immediately.”
President Donald Trump, while talking to reporters aboard Air Force One this weekend, dropped a trade bomb few were expecting: He said he planned to officially notify Mexico and Canada that he will pull the U.S. out of the North American Free Trade Agreement, giving Congress six months to ratify his new trade pact or suffer the consequences.
The tough economic times agriculture currently faces could last for almost another decade, an ag economist told the American Seed Trade Association Tuesday in Chicago.
National Economic Council Director Larry Kudlow said Monday he expects China to drop its retaliatory tariffs on U.S. ag commodities very soon in order to boost imports, as promised.
