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Tag Archives: exports

CHINESE DEMAND

The overwhelming demand for soybeans by China shows up in a pair of maps recently updated by FarmdocDaily.  It indicates how important China is to Illinois soybean farmers.

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CUBA TRIP

The most important U.S. agriculture delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners, while urging the U.S. Congress to lift the U.S. embargo on trade with the island. Illinois’ Thomas Marten is on the tour and we will have coverage on… read more

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DOCK STRIKE SETTLED

West Coast ports are resuming full operation after settlement of a labor dispute that snarled Asia-bound traffic for weeks, hitting meat and produce exports especially hard. Mike Steenhoek of the Soy Transportation Coalition says he’s seen estimates that the disruption on the West Coast has cost U.S. exporters of agricultural products $1.75 billion each month.

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PORT STRIKE

Negotiations toward a contract for dockworkers at 29 West Coast ports are within days of a resolution, hanging on whether their union can fire arbitrators, the top executive at the Port of Long Beach said.  However, the West Coast ports will be shut down this weekend.

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PROPANE GLUT

Estimated weekly exports for propane reached a record high of 538,000 barrels/day for the week ending December 19th according to the EIA. Prices around the world have fallen with U.S. prices as inventories remain high, GROWMARK Energy reports. Days of propane supply in the U.S. are double compared to last year at this time.

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CHINESE CORN

China will begin to buy corn from farmers this week under an annual intervention program. Industry sources have pointed to China’s bulging state corn stocks as the reason for closer monitoring that has led to shipments of cheap U.S. corn being turned away on the grounds it contains a genetically modified strain not permitted for… read more

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PROPANE STATUS

Despite strong exports, GROWMARK Energy says Midwest and Gulf Coast propane inventories remain above last year and the five year average.

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EXPORTS

The National Grain & Feed Association is banding with 12 other Ag organizations to urge Obama to make the U.S./China Ag export market a top priority. Chinese imports have become unreliable recently. These organizations want to make sure that the Chinese export market can be dependable.

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EXPORTS PERK UP

USDA reported Thursday morning that China bought 8.8 mln bu US soybeans, unknown destinations bought another 7.7 mln bu. China also bought 13.2 mln bu optional origin beans.

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ADM SHIPS FROM BRAZIL

The first loaded vessel has departed Archer Daniels Midland Company’s new export terminal in Barcarena, in the northern Brazilian state of Pará. ADM acquired the terminal in 2012. The company intends to expand the terminal’s capacity to 6 million tons by 2016.

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