Keyword: soybeans
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“It’s not surprising that China Daily sought to place advertising with the Des Moines Register, because the Register is Iowa’s largest news organization and Iowa farmers are disproportionately affected by China’s tariffs,” Hunter said. A senior Trump administration official said China uses political, economic, commercial, military and information tools to influence U.S. public opinion and promote the interests of the Chinese government and Communist Party. U.S. Vice President Mike Pence plans to make a speech next week detailing the allegations, said the official, who spoke to reporters on condition of anonymity, saying the U.S. government was working to declassify further...
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"We called the White House and they acted swiftly on the Friday event, which has since been postponed," said a staff member for Republican Florida Sen. Marco Rubio, who complained that the event would have openly undermined President Donald Trump’s agenda on Cuba."The event in question has been postponed," a State Department official confirmed."This (event) was designed to embarrass the president and Pompeo—somebody needs to be held to account," one source said. "The fact that State Department officials were advancing a program that is so slanted and completely at odds with the president's directive on Cuba, I am concerned what...
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China and the U.S. are set to resume trade talks for the first time since June. A meeting between the two countries, which would be between lower-level officials than earlier talks, would mark a breach in the standoff that has arisen since talks broke down in the spring. U.S. officials have repeatedly said they were open to new talks but insisted that China had walked away rather than offer serious reform. It still is not clear if China’s delegation will carry with it a reform offer serious enough to stave off the Trump administration’s threat of former tariffs. The U.S....
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China made a “dumb move” in targeting America’s heartland with tariffs. Soybeans are a case in point. “I understood politically why they chose soybeans, but they made a dumb move,” says John Baize, a market analyst with the U.S. Soybean Export Council. The U.S. is the number one exporter of soybeans. Brazil is number two. No one comes close after that except for Argentina, which is the largest exporter of soymeal and soybean oil. Soybeans don’t fall from the sky, so China has very little mega-markets outside of the U.S. Brazil is the only one, really. And now they are...
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Russia has made 1 million hectares (2.5 million acres) of arable land available to foreign investors – and while that could be boon for Beijing as it struggles with limited supplies of soybeans in its trade war with the US, analysts are concerned about the quality of the plots available. Valery Dubrovskiy, director of investment for the Far East Investment and Export Agency, a non-profit organisation, said on Tuesday that several Chinese companies had already expressed an interest in the deal. With the China-US trade war showing no signs of abating, and after Beijing slapped 25 per cent tariffs on...
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A cargo ship carrying American soybean exports has reportedly been stuck in the Pacific Ocean off China for a month after failing to arrive at the country before a 25 percent tariff on the good was implemented. The Peak Pegasus had rushed to sail from the U.S. to China last month, ahead of the tariff start date of July 6. But The Guardian reported Wednesday that the ship arrived just past the deadline, and has been stuck outside China since. The ship is owned by JP Morgan Asset Management, while the cargo belongs to global merchant Louis Dreyfus, The Guardian...
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President Donald Trump is clearly concerned about the plight of American farmers. He pushed the Department of Agriculture to make available up to $12 billion of temporary relief to those farms caught in the middle of his tariff war – starting this Labor Day. It’s laudable that he wants to address this problem, but let’s remember that it was a problem of his own creation. America is a breadbasket to much of the world because of our exceptional farmland. We have about two-and-a-half times as much arable land as does China, for instance, with about the same landmass. That means...
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The most murderous dictatorship in all of human history is assembling a massive battery of U.S. lobbyists and propagandists in and around Washington, D.C., sparking growing concerns across the political spectrum about its intentions and the effect this lobbying Leviathan will have on the federal government. That dictatorship, of course, is the Communist Party regime enslaving mainland China. And among the growing roster of political hacks on its payroll are top former officials including ex-House of Representatives Speaker John Boehner, who played a key role in transferring America's productive capacity to Communist China in the late 1990s. Unsurprisingly, the Clintons...
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HAMBURG (Reuters) - China may have to start buying U.S. soybeans again in coming weeks despite the trade war between the two countries as other regions cannot supply enough soybeans to meet China’s needs, Hamburg-based oilseeds analysts Oil World said on Tuesday.
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At the center of the table in a modest, high-rise apartment in the teeming city of Shenzhen, China, a simmering pot of soup stock was surrounded by large platters featuring mushrooms, different kinds of thinly shaved meat, lettuce, potato, cauliflower, eggs, and shrimp. Folding his hands together, Jian Zhang, a onetime rural farmer who now works as an employee for a small consulting firm in the city, asked his fellow diners to give thanks for the meal — the likes of which he could have only dreamed of when growing up in a remote village in the Jiangxi province. The...
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BUENOS AIRES (Reuters) - The trade relationship between the United States and Europe is improving, German Agriculture Minister Julia Kloeckner said on Saturday, but there is no guarantee the bloc will buy the quantity of soybeans that Washington expects. U.S. President Donald Trump and Jean-Claude Juncker, president of the European Commission, the EU’s executive body, struck a surprise deal on Wednesday that ended the risk of an immediate trade war between the two powers. After the talks, Trump highlighted benefits for U.S. farmers. “The European Union is going to start, almost immediately, to buy a lot of soybeans,” he told...
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RUSH: Trump promised it. His economic advisers assured us that it would happen. The Drive-By Media said it was impossible to happen; it couldn’t happen. Trump was deranged to predict that it would happen. Trump was unreasonable. Trump was giving the American people false hope! Hillary Clinton said that this was dangerous; Trump is proving his incompetence by suggesting that we could grow the economy at an annual rate of 4%. We’re gonna go back in time here and find various bits of evidence of all these so-called experts claiming it’s impossible, couldn’t be done, how it was misleading. It...
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US Soybean Price (per mt) is at a current level of 431.00, down from 442.00 last month and up from 388.00 one year ago. This is a change of -2.49% from last month and 11.08% from one year ago.
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Non-Chinese buyers cash on American supplies to feed demand in their own countries, analysts say Who’s winning the US-China trade war? When it comes to soybeans, the answer is Brazil. The South American nation is capitalising on the strife caused by US President Donald Trump’s trade war to profit from both China and America in soybean trade. China has been the biggest buyer of US soybean in recent years, but as imports have become caught up in Beijing and Washington’s tit-for-tat tariffs, Chinese purchasers are now looking to to Brazil to make up the shortfall. As a result, US soybean...
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U. S. soybean exports surged in the second quarter, delivering an outsize boon to economic growth even as China shifted much of its sourcing to Brazil in response to its worsening trade relations with the U.S. The value of soybean exports nearly doubled in May from April to a seasonally adjusted $4.14 billion, driving the U.S. trade deficit to its narrowest margin since October 2016, the U.S. the Commerce Department said Friday. Weekly data on grain shipments from the Agriculture Department show export volumes may have been even stronger during much of June.
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The U.S. Farm Belt helped deliver Donald Trump to the White House, drawn to his promises to revive rural America and deregulate industry. Now, the president’s global trade offensive is threatening the livelihoods of many farmers. Mounting trade disputes, spurred by U.S. threats to withdraw from the North American Free Trade Agreement and tariffs on billions of dollars’ worth of goods from key trading partners, have cut U.S. agricultural exports and sent commodity prices tumbling. Many farmers, who depend on shipments overseas for one-fifth of the goods they produce, say they are anxious, especially because they are already expecting bumper...
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The Trump administration is seeking to blunt domestic opposition to its trade policies with a relief package for farmers affected by the U.S. trade spat with China, say officials involved in the discussions. The aid package, which could climb into the billions of dollars, is still being developed. Agriculture and congressional officials are examining Depression-era programs like the Commodity Credit Corp., which was created in 1933 to stabilize farm incomes, and which permits borrowing of as much as $30 billion from the Treasury to finance its activities. Using the CCC would also give the administration an existing program to tap,...
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Lawmakers and bureaucrats in official Washington often act as if their decisions lead the nation forward. News from Iowa this week, however, shows once again that the culture leads and politicians lag behind. Kim Reynolds became Iowa's Governor last May when her predecessor (Terry Branstad) resigned to serve as the U.S. Ambassador to China. Reynolds is now running for her own full term in a state where the average Obamacare premiums jumped 57 percent. "Many Iowans faced a choice of going broke or going without insurance," according to Reynolds. "And that's really not a real choice." Seizing the opportunity...
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China will struggle to replace U.S. soybean supplies after implementing an additional 25 percent tariff on American shipments, likely inflicting severe financial pain on domestic companies, analysts and executives at feedmakers said. *snip* Soybeans are considered one of the most powerful weapons in Beijing’s trade arsenal because a drop in exports to China would hurt Iowa and other farm states that backed U.S. President Donald Trump
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DES MOINES, Iowa — Iowa farmers received a major boost Thursday after a Chinese delegation in Des Moines signed commitments to purchase nearly all of Iowa’s soybeans. The $4.5 billion deal to buy 460 million bushels of soybeans comes a week before Gov. Kim Reynolds is expected to lead an agricultural trade mission to China and brings tremendous value to the Iowa economy. Advertisement “As an Iowa farmer, this is huge,” said April Hemmes, a farmer who owns a 1,000-acre farm near Hampton in rural Franklin County. “They basically bought the entire production that we have in the state of...
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