Macroeconomic Trends Just a War of Words? USDA’s March figures for U.S. agricultural exports to China, detailed in its 6 May data release, reflect a much different story than the heated trade war rhetoric would suggest. Those exports, excluding forest products, ethanol, biodiesel, distilled spirits and fish products, totaled 2.51 MMT. It was the highest volume for the month of March since 2015 when 2.94 MMT were shipped. At a total value of $1.325 billion, the average FOB price was $527.82/MT, the highest it has been since last June. In fact, that price showed an increase in each of the first three months of 2018.
Given the sharp discourse between the Trump administration and Beijing throughout the first quarter of 2018, the Marc...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
