2020 will be remembered by all, for a host of reasons. For those in the ag world, the Phase One Agreement between the United States and China will certainly be…
exports
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U.S. beef exports finished 2020 lower year-over-year, falling 5% in both volume (1.25 million mt) and value ($7.65 billion), according to data released by USDA and compiled by the U.S.…
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Farmers and ranchers are expected to receive higher cash value for their crops and livestock in 2021, but direct government payments will fall this year, leading to an overall 8.1%…
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Just over a year ago, on Jan. 15, 2020, the U.S.-China “Phase One” agreement was signed, leading to the eventual waiver of China’s retaliatory tariffs against U.S. agricultural products. Those…
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It is no secret that wheat futures prices have reached unexpected heights recently. Higher futures prices usually pressure export basis values when farmers sell wheat “into the rally” because that…
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China made the biggest purchase of U.S. corn in history on Tuesday. It’s the second massive deal that China has made for corn in less than a week. A Reuters…
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Despite challenging market factors, U.S. wheat exports for marketing year (MY) 2019/20, which ended May 31, totaled 988 million bushels, ahead of USDA’s export volume estimate of 970 million bushels.…
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China is looking to purchase up to 30 million tons of crops from the U.S. to help rebuild state stockpiles. Reuters reports that the Asian nation is looking to protect itself…
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China has finally showed up with a large purchase of U.S. wheat, the first step in filling their tariff rate quota for importing wheat. The commitment to purchase new crop…
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Despite the widespread uncertainty due to the Coronavirus, China is continuing to implement the commitments made in the phase one trade agreement with the U.S. Chins has now drawn up…