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

Tag Archives: trade

90 DAYS AND COUNTING

China Wednesday expressed confidence it can reach a trade deal with the U.S., a hope echoed by President Donald Trump just a day after he warned of more tariffs if the two sides can’t come together. “Very strong signals being sent by China once they returned home for their long trip, including stops, from Argentina,”… read more

Posted in Agriculture News | Also tagged , | Comments closed

CAUTIOUSLY OPTIMISTIC

Illinois farmers are cautiously optimistic about the U.S.-China cease fire announced over the weekend and are hopeful a deal can be reached. “We’re still nervous,” said Tamara Nelsen, senior director of commodities, IFB. “The markets, I think, are reflecting that. They went up some for corn and soybeans, but they did not go up a… read more

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

CHINA STANDING ITS GROUND

Chinese President Xi Jingping Monday hit back against President Donald Trump’s “American First” policies with some of his most pointed language yet, denouncing “law of the jungle” and “beggar-thy-neighbor” trade policies. Xi didn’t outline any new proposals to suggest he was prepared to meet Trump’s demands, such as halting forced technology transfers or rolling back… read more

Posted in Agriculture News | Also tagged , | Comments closed

CHINA TURNS TO BRAZIL TO FILL U.S. SOYBEAN VOID

The Chinese are purchasing record numbers of Brazilian soybeans due to the trade dispute with the United States. China is willing to pay higher prices for Brazilian beans, thus impeding purchases of U.S. crops during their peak marketing season. (Reuters)

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

FATE OF #NAFTA HINGES ON #MILK

A dispute over dairy products is threatening a decades-long agreement with Canada and the United States. Canada has a deep-rooted policy of managing its dairy supply with production quotas and high levies, and President Trump has threatened to part ways with Canada if they don’t drop their dairy tariffs of 270 percent. (New York Times)

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

SOYBEAN SNUB

China has not only stopped buying soybeans from the United States, it’s also provided evidence that it will avoid doing business for as long as possible. Doug Wehrling, vice president of trade for Bower Trading, said signs indicate Chinese demand for soybeans remains high – but buyers aren’t getting them from the United States. “They’re… read more

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

INDIA AND U.S. CLOSING IN ON TRADE DEAL

After months of battling it out, India and the U.S. began trade talks in June. Both sides are negotiating one another’s concerns with certain tariffs, and the two sides are expected to close the deal in the coming weeks. (Reuters)

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

BRAZIL FARMERS VIE FOR SOY CONTRACT

The trade war between China and the United States has Brazilian farmers vying for a soybean futures contract with top soy importer, China. Creating a contract would be relatively simple and would only require a definition of standards relative to price, quality, and quantity. (Reuters)

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

ARGENTINA OFFERS TO LIFT U.S. BEEF BAN

Argentina has offered to lift its ban on U.S. beef as the two countries continue to break through trade barriers. However, Argentina is a major beef producer and exporter, so it is unlikely that they will import much from the U.S. Still, lifting the ban would support the claim that BSE does not pose a… read more

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

CAN’T PAY THE BILLS WITH PATRIOTISM

USDA Secretary Sonny Perdue this week admitted farmers have been the hardest hit by his boss’ trade policies but placed the blame for the “trade disruptions we’re experiencing” on China and its non-tariff barriers. “Farmers love their lifestyle, but they’re businesspeople,” Perdue said. “They have to make a profit. They’re some of the best patriots… read more

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