Chinese tariffs could mess with U.S. soybean plans

Chinese tariffs could mess with U.S. soybean plans

The fate of canola prices hangs in the balance as American growers decide how to react to 125 per cent tariffs imposed by China

Soybeans could be headed for a wild ride this growing season, says an analyst. Rich Nelson, chief strategist at Allendale Inc., said the outlook ranges from “terribly bearish” to mildly bullish depending on tariffs and weather








The BRICS group, which comprises major wheat exporters and importers, wants to create a new international grain exchange.

‘Wheat OPEC’ idea faces uphill battle

Analysts say proposed BRICS grain exchange is doomed to fail; compare it to similar initiatives attempted in the past

Russia’s proposal to create a new international grain exchange was recently approved by the BRICS group of countries at a summit in Russia. BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates. It includes some of the world’s biggest crop importers and exporters.

PHOTO: Nevena Ristic/ISTOCK/GETTY IMAGES

Used cooking oil crushes soy sector

Oilseed processors say imported used cooking oil from China is displacing soybean oil in the American biofuel industry

The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst.


Photo: Thinkstock

EV tariffs raise Chinese retaliation worries

The Canadian Agri-Food Trade Alliance is closely monitoring China’s response to a new round of Canadian tariffs. The fear is that China may respond with retaliatory tariffs or other trade-restricting measures applied to some Canadian agri-food exports.