Beijing | Reuters — China’s other suppliers of agricultural commodities will not be impacted by the Sino-U.S. trade deal since buying will be based on market principles, Vice-Premier Liu He said, according to a report from state-owned CCTV on Thursday. Liu was speaking on Wednesday at a press briefing after signing the Phase One trade […] Read more
Tag Archives tariffs — page 33
Trade deal will not affect China’s other ag suppliers, Liu says
U.S., China reset trade relationship with Phase One agreement
Washington | Reuters — The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies. Beijing and Washington have portrayed their “Phase One” agreement as a momentous step after […] Read more
U.S. grains: Wheat hits six-month top as world prices rise
Chicago | Reuters — U.S. wheat futures hit a six-month high on Tuesday, supported by a pickup in export business and news that Russia, the world’s top wheat supplier, is considering limiting grain exports through June, traders said. Soybean futures ended flat and corn drifted lower as brokers awaited Wednesday’s signing of a U.S.-China Phase […] Read more
U.S. grains: Soybeans bounce on China trade hopes
Chicago | Reuters — U.S. soybean futures recovered slightly on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East. Corn and wheat futures declined on technical selling and profit-taking from last week’s multi-month highs and as investors look ahead to […] Read more
China eases customs curbs for soy imports through northern border
Beijing | Reuters — China has eased customs regulations on imports of soybean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. The changes come as China looks to diversify soybean imports amid trade tension with the […] Read more
U.S. grains: Futures notch yearly rises on China demand hopes
Chicago | Reuters — U.S. wheat, corn and soybean futures posted annual gains in 2019 after an initial U.S.-China trade deal that could boost agricultural exports helped prices rally toward the end of the year. The crop futures finished little changed on Tuesday as markets wound down during the last session of the year and […] Read more
U.S. won’t levy new tariffs on Brazil, Trump tells Bolsonaro
Sao Paulo | Reuters — Brazilian President Jair Bolsonaro said on Friday that U.S. President Donald Trump told him in a phone conversation that his administration will not levy new tariffs on Brazilian steel and aluminum as threatened earlier this month. “I had a phone conversation a few moments ago with Donald Trump. … He […] Read more
U.S. grains: Soybeans, corn rise as traders adjust positions
Chicago | Reuters — U.S. soybean and corn futures ticked higher on Friday as traders adjusted positions ahead of the year-end holidays. Lingering uncertainty over demand prospects created by a U.S.-China trade deal hung over the markets. Crop prices increased after Washington and Beijing last week struck a ‘Phase One’ trade deal that includes a […] Read more
Fictional nation Wakanda removed from USDA trade list
Reuters — The U.S. Department of Agriculture (USDA) said it removed the fictional country of Wakanda from an online list of nations that have free trade agreements with the United States on Thursday. The Kingdom of Wakanda is the home of Black Panther, the Marvel superhero, and is portrayed in comic books and the 2018 […] Read more
Grain flow shifts from China trade war may last years, CHS says
Chicago | Reuters — The U.S.-China trade war has accelerated Brazilian efforts to erode the United States’ share of the world soybean export market, and some of the shifts in global grain flows could last for years, according to executives at CHS Inc., the largest U.S. farmer co-operative. Even with a so-called ‘Phase One’ trade […] Read more
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