Grain China’s General Administration of Customs says that grain imports were up 34.3 percent in April and an overall 18.1 percent for the January to April period. On the one hand, China produces more grain that it consumes and stockpiles large volumes. But Canadian grain analyst Mitch Miller says that China’s corn ending stocks are declining. He contends that robust domestic demand has reduced carryover from 222.5 MMT in 2017/18 to 166.1 MMT in 2026/27. China is downplaying its import needs but the price on the Dalian Exchange belies the market situation, which was down slightly in May but in April was the highest since July of 2024. Soybeans If China follows through on buying millions of tons of U.S. soybeans, they will b...
What You Need to Know Today: Wheat futures pulled back sharply after Russian President Putin said there was a “chance” for peace and an agreement to end the war in Ukraine. There is plenty of skepticism about the opportunity for peace in Ukraine, but that didn’t stop wheat fr...
President Trump has opened the door to 100,000 MT of beef lean trimmings (limited to HTS codes 0201.30.5091, 0201.30.5097, 0202.30.5091, and 0202.30.5097) from countries listed under the “Other Countries” TRQ effective 1 September. These imports would not be subject to the over-quot...
A Small Industry Tied to a Global Benchmark The U.S. wool industry is small by global standards but heavily export-dependent, with roughly 60 percent of U.S. wool leaving the country each year. Australia, by contrast, dominates world wool trade. Because the U.S. lacks a deep domestic auction ma...
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Illuminating the value of technical research
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