We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Privacy Terms and Cookie Policy
Balanced Reporting. Trusted Insights.
Wednesday, May 18, 2022
The USDA announced Monday that China purchased more than 1 million metric tons of U.S. corn, adding to the buying spree from tight U.S. stocks as the Russian invasion continues to hobble Ukrainian exports.
China made another massive purchase of U.S. corn Friday, pushing the total commitments by Chinese importers this week to about 5.5 million metric tons and sparking new optimism that U.S. exports could break a record for the 2020-21 marketing year.
Industry analysts, government officials, and insurance adjusters are trying to make sense of just how much damage was done by the heavy winds that cut through the heart of the Corn Belt in a Monday storm system.
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 is shunning U.S. soybeans and pork – at least temporarily – in retaliation to U.S. involvement in China’s treatment of Hong Kong, but expectations are that Chinese state buyers won’t be able to shut off U.S. trade for much longer.
Tuesday’s release of the World Agriculture Supply and Demand Estimates report did little to shake up commodity markets as the figures in it were largely unchanged from the previous month’s estimates.
Multiple sources agree that African Swine Fever, first confirmed in China on Aug. 2, 2018, in the northeastern city of Shenyang, is ravaging the Asian giant’s pork industry in a way that will have impacts on global protein production and feed consumption for several years in the future.
New figures from the Department of Agriculture show an increase in tractor tires rolling in the last week, but a number of them are either sitting still or stuck in the mud as wet conditions hinder planting progress across the country.
