Chinese importers purchased enough U.S. soybeans this week to fill 11 Panamax-sized ships, signaling that the country is counting on the upcoming U.S. harvest to fulfill its needs in the final five months of the calendar year. The buyers are likely state-owned companies such as COFCO of Sinograin.
Former Vice President Joe Biden is making President Donald Trump’s handling of the COVID-19 crisis a major campaign focus, and he’s expanded the criticism to include Trump’s management of the disruptions in the food supply.
The number of people facing hunger is on the rise around the world because of the global COVID-19 crisis, and humanitarian organizations and farm groups are pushing for the Trump administration to boost donations of rice, wheat and other commodities.
Producers’ support for President Donald Trump has grown despite sluggish exports and their own worries about their financial condition as the economic slowdown triggered by the COVID-19 has developed, according to the latest Agri-Pulse poll of U.S. farmers and ranchers.
President Donald Trump says he wants a trade agreement with India, but suggested Tuesday that a partial pact will come first, followed by a more comprehensive deal later this year or after the election.
All of the leading Democratic presidential candidates are calling for major increases in spending for roads, bridges, rural broadband and other infrastructure needs, but the plans differ sharply in scope as well as in how the candidates plan to pay for them.
The WTO’s appellate body — key to resolving disputes among its 164 member nations — ceased to function about a month ago, indefinitely putting key cases on hold that the U.S. ag sector would like to see settled.
China has agreed to purchase $40 billion to $50 billion in U.S. agricultural commodities annually for two years as well as remove significant ag trade barriers, a senior Trump administration official told reporters Friday.