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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 26, 2024
China is buying unprecedented levels of U.S. corn, and much of that demand comes from the country’s race to modernize its pork production – a mission that’s expected to sustain a long-term increased reliance on grain and oilseed imports, according to U.S. government and industry officials.
More than a thousand barges – many of them likely carrying corn or soybeans – can now resume their trip along the Mississippi River after traffic was stopped due to a cracked bridge near Memphis, Tenn., according to a statement released by the U.S. Coast Guard.
China has purchased another 1.36 million metric tons of U.S. corn for delivery in the 2021-22 marketing year, putting new strain on the next U.S. harvest as domestic and international demand continues to ratchet up.
China has again committed to a substantial purchase of U.S. corn for the 2021-22 marketing year, reinforcing optimism that demand from the country is long term.
Chinese buyers have made another big purchase of U.S. corn for the next harvest as concerns mount over the impact of dry weather on Brazil. The USDA on Monday announced a 1.02 million-metric-ton sale of corn to China for delivery in the 2021-22 marketing year.
U.S. Trade Representative Katherine Tai is taking time from meeting top trade officials from around the globe to get to better know the U.S. ag sector and its priorities.
The USDA announced Friday export sales of a whopping 1.36 million metric tons of U.S. new crop corn to China for delivery in the 2021-22 marketing year. The purchase comes amid growing concerns that dryness could stunt Brazil’s second harvest.
The Biden administration is finally putting some detail today on its 30-by-30 plan. The president’s call for conserving 30% of U.S. land by 2030 has been raising a lot of concern across the countryside that administration officials have been pushing back on for several weeks now.
Most of the iconic trading pits at the Chicago Mercantile Exchange, where traders would buy and sell corn, wheat, soybean and other future contracts with elaborate hand gestures, will close permanently, according to a CME Group announcement.
U.S. Trade Representative Katherine Tai has described the upcoming meeting with her Mexican and Canadian counterparts as a friendly-sounding “annual get-together,” but it’s also expected to be a showdown over contentious issues that have put the three countries at odds.
