As trade war crushes China’s soybean mills, U.S. rivals make hay

BEIJING/CHICAGO, July 27 (Reuters) – Over the past few months, Chinese mills have bought every cargo of soybeans they can lay their hands on to prepare for Beijing’s imposition of hefty tariffs on U.S. imports. Now, at least 20 factories – including two of China’s largest – have cut or suspended output in the most […] Read more

U.S. touts EU trade truce, attention now turns to China

WASHINGTON, July 26 (Reuters) – The United States signaled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China. A surprise deal struck on Wednesday will see […] Read more

Canada dry, but crop tour sees slightly bigger wheat, canola yields

SASKATOON, Saskatchewan, July 26 (Reuters) – Canadian farmers were on track to reap slightly larger wheat and canola yields, despite dry conditions and a wide discrepancy in growth rates, a crop tour estimated on Thursday. The inaugural Grain World crop tour, organized by FarmLink Marketing Solutions, toured the Canadian Prairie provinces on Tuesday and Wednesday. […] Read more

Discount not discourse to boost U.S. soy sales to EU

HAMBURG, July 26 (Reuters) – European Union imports of U.S. soybeans will remain strong for economic reasons with talks between U.S. President Donald Trump and European Commission President Jean-Claude Juncker giving them only a symbolic boost, European traders and analysts said. Trump told reporters after meeting Juncker on Wednesday that the EU would start, almost […] Read more

Trade war drives China to seek ways to cut soymeal in animal feed

BEIJING, July 26 (Reuters) – China’s state planner has discussed ways of reducing soymeal levels in animal feed with top feed makers, sources briefed on the matter said on Thursday, as Beijing tries to help its farmers cope with a protracted trade war with Washington. The National Development and Reform Commission (NDRC) called the companies […] Read more

Europe gives U.S.-EU trade reprieve a measured welcome

BERLIN/PARIS, July 26 (Reuters) – Europe expressed relief on Thursday after U.S. President Donald Trump and the European Commission chief agreed to tackle their transatlantic trade row, although France cautioned that any deal must be limited and benefit both sides. Reaction on financial markets ranged from enthusiasm on stock exchanges to scepticism among currency investors, […] Read more

Mexico and Canada insist on three-way NAFTA deal

MEXICO CITY, July 25 (Reuters) – Canadian and Mexican officials insisted that the North American Free Trade Agreement remain a trilateral pact on Wednesday and reiterated their opposition to U.S. calls for a so-called “sunset clause” that could end the deal after five years. After a meeting in Mexico City, Canadian Foreign Minister Chrystia Freeland […] Read more

USDA’s $12 billion farmer relief package

July 24 (Reuters) – The Trump administration on Tuesday said it would provide up to $12 billion in aid for U.S. farmers from early September to shield them from the repercussions of trade disputes between the United States and China, the European Union and others. The United States has never before offered aid of this […] Read more

North Dakota spring wheat prospects below average

BISMARCK, North Dakota, July 24 (Reuters) – Yield prospects for hard red spring wheat in the southern half of North Dakota are better than a year ago, when the state was hit by drought, but below average, scouts on an annual crop tour said Tuesday. North Dakota is the biggest U.S. producer of hard red […] Read more