Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

Tag Archives: China

BIG BUY

Chinese trade groups signed contracts to buy more than 484 million bushels of U.S. soybeans, a deal worth $5.3 billion, says the U.S. Soybean Export Council. The deal is equal to one-eighth of this year’s crop and comes ahead of today’s meeting of Chinese President Xi Jinping and President Obama.

Posted in Agriculture News | Also tagged , , | Comments closed

DAIRY GLUT

A world milk glut and a decline in Chinese demand for imported dairy products have sent prices down by 50% in New Zealand. Many farmers there are borrowing to stay afloat and rural suicides have increased.

Posted in Agriculture News | Also tagged , | Comments closed

U.S. SOYBEAN FARMERS LOSING OUT TO BRAZIL IN WORLD EXPORT MARKET

American soybean farmers are beginning to harvest what’s expected to be their second-biggest crop. At the same time, they’re seeing their share of the global export market shrink, reflecting the growing interdependence of Brazil and China in agricultural trading, as reported by Bloomberg News.

Posted in Agriculture News | Also tagged , , , , | Comments closed

CHINA PORK PRICES

The pickup in China’s consumer inflationary rate was mainly due to a recent increase in pork prices which jumped 19.6% from a year ago.

Posted in Agriculture News | Also tagged | Comments closed

PORK EXPORTS TO CHINA RISE

Smithfield Foods Inc., the world’s largest pork producer, increased shipments to China by 45% in the first half of this year, Chief Financial Officer Kenneth Sullivan said.

Posted in Agriculture News | Also tagged , | Comments closed

CHINA: 8.5% DROP IS ‘BLACK MONDAY

Chinese stocks suffered their worst single-day loss in more than eight years, spurring a fresh phase of a global selloff that dragged the Dow Jones Industrial Average to an 18-month low. The Dow tumbled 588.40 points to 15871.35, as reported by the Wall Street Journal.

Posted in Agriculture News | Also tagged , | Comments closed

ISLAND OF CALM

Monday’s grain markets seemed like an island of calm amidst the volatility of the stock market. AgriVisor’s Dale Durchholz told RFD Radio that China is unlikely to stop buying U.S. grain despite a slowing economy.

Posted in Agriculture News | Also tagged , | Comments closed

CHINA PROBLEMS

Contagion from the recent plunge in Chinese stocks spread Wednesday in a sign investors within China and overseas are losing confidence in Beijing’s ability to stem the slide in the country’s equity markets and manage its economic reforms. Commodity markets, including grains, may be impacted, the Wall Street Journal reports.

Posted in Agriculture News | Also tagged , | Comments closed

SORGHUM DEMAND

Strong Chinese demand is tightening sorghum supplies even as farmers plan to seed more of the crop this spring, the Agriculture Department said in Thursday’s Supply-Demand report. USDA slashed its estimate of sorghum ending stocks by 9 million bushels to 18 million bushels.

Posted in Agriculture News | Also tagged , , | Comments closed

CHINA’S REACH

Little known globally but pervasive in China, Cofco is bulking up to become the Chinese answer to U.S. grain and meat giant Cargill Inc. Cofco—the officially adopted abbreviation of China National Cereals, Oils and Foodstuffs Corp.—now owns food-producing assets on five continents, according to the Wall Street Journal.

Posted in Agriculture News | Also tagged , , , | Comments closed