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.
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.