Articles Tagged with ''soybeans''

China’s Finance Ministry announced Thursday that on Feb. 14 it will cut tariff rates on $75 billion worth of U.S. products, including some ag commodities such as soybeans, chicken, pork, oranges and asparagus, but the impact is expected to be minimal.

A long-time veteran of the soybean industry has been selected to lead the Illinois Soybean Association.

The top trade official in the United States says he is aware of reports about the impact of the coronavirus on China's ability to fulfill commitments made during recent trade negotiations but has yet to formally hear from his counterparts there. 

The biodiesel industry wants to substantially increase its production in the next decade, but industry officials say that growth will require both new and existing feedstocks as well as consistent, long-term government support through the biodiesel tax credit and annual biofuel usage mandates.

China has committed to buy at least $80 billion in U.S. farm products over the next two years and the country also agreed to sweeping structural changes that promise to improve trade on a more permanent basis for U.S. beef, pork, rice, corn, wheat, soybeans and other commodities.

Corn production increases offset by harvested acre reductions provided a relatively neutral World Agricultural Supply and Demand Estimates report Friday giving grain traders a sense of relief.

President Donald Trump remains resolute that China commit to specific promises on amounts of U.S. ag commodities that it would buy as part of a trade pact, Ag Secretary Sonny Perdue said Wednesday.

There’s no immediate relief in sight for American farmers, as corn stocks remain large and increased demand for U.S. crops remains elusive, ag economist Dan Basse of AgResource told attendees of the American Seed Trade Association conference in Chicago Tuesday.

Brazil’s soybean harvest will be coming in a little later than normal this season, but farmers are expected to have a bumper crop.

China is going to lift tariffs to allow in more U.S. soybeans and pork, according to Xinhua News, a government-run media outlet, though it's unclear how much of the U.S. commodities will be allowed in, or for how long.