Reuters – The new Democrat majority in the U.S. House of Representatives is likely to back President Donald Trump’s trade war with China and could even egg him on, but will offer tougher scrutiny of his negotiations with allies, trade experts and lawmakers say. Trump has imposed tariffs on $250 billion of Chinese goods to […] Read more
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Democrat-led House seen backing Trump’s China trade war
The Democrats are also expected to seek greater input into trade talks with allies
U.S. investigators question shareholders of Brazil’s JBS
Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more
USDA says nearly $840 million in aid paid to farmers to date
Farmers are complaining that the compensation falls short of their losses
Washington | Reuters – The United States Department of Agriculture has paid out nearly US$840 million to farmers to date as part of a promised $12 billion aid program rolled out by President Donald Trump last July to offset losses from the imposition of tariffs on American exports. A total of $837.8 million to date […] Read more
Soybean exports face stiff U.S. competition
CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more
Weather makes for different corn harvest conditions in Ontario and the U.S.
American farmers are close to finished corn harvest, compared to Ontario farmers waiting for clearer weather
Adverse rains have hindered harvest progress across Ontario. Farmers have harvested approximately 75 per cent of the soybeans and 25 per cent of the corn. Yield reports are slightly higher than expected and total production will likely finish above the recent Statistics Canada estimates. Vomitoxin appears to be quite prevalent on the early corn samples […] Read more
China-U.S. trade dispute likely to drag on, affecting price
U.S. ethanol policy change could increase demand by two billion bushels
Ontario farmers have harvested 60 per cent of the soybeans and 25 per cent of the corn as of Oct. 21. American farmers have combined 49 per cent of the corn and 53 per cent of the soybeans. The seven- to 10-day forecast calls for seasonal temperatures with limited precipitation, which should allow producers to […] Read more
China soybean imports set for biggest drop in 12 years amid tariff conflict
China is not expected to face a shortfall in supplies because of abundant domestic reserves
Reuters – China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the China-U.S. trade war and high domestic stockpiles. Soybeans have been at the heart of the tit-for-tat trade dispute between the world’s top […] Read more
U.S. dairy farmers get little help from Canada trade deal
Madison, Wisconsin/St. Claude, Manitoba | Reuters – Minnesota farmer Paul Fritsche can no longer afford health insurance as he struggles to sustain a dairy farm that has been in his family for nearly a century. With U.S. milk prices in the fourth year of a slump due to chronic oversupply, Fritsche, 58, is unsure whether […] Read more
Damaged soybean crop hits farmers reeling from U.S.-China trade war
U.S. soy farmers are feeling the effects of a double whammy
Reuters – A rain-damaged soybean harvest in the United States Mississippi Delta region is heaping more pain on farmers already suffering from a damaging trade war between the U.S. and China that has dragged prices to lows not seen in a decade. Why it matters: Soybean growers in hard-hit regions may have to pay penalties […] Read more
Canada not a solution for U.S. dairy price woes
Americans more concerned with securing access to Mexican market than Canada
Madison, Wisconsin – The price of milk in the United States is stuck at an unprofitable place, and U.S. farmers at the World Dairy Expo did not expect any trade deal with Canada to change that situation. Most of them had yet to look over the fine details of the new trade deal — the […] Read more
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