Even without the Nord Stream 2 pipeline, Germany is dependent upon Russia for 50 percent of its energy supplies. This is not the case for the U.S. Although Bloomberg’s Javier Blas makes the point that commodity trade with Russia will continue, it has been a very lopsided exchange for Americans. The overall trade balance between Russia and the U.S. has steadily grown in Moscow’s favor.
The same can be said of agricultural trade, where Russia has periodically banned U.S. products like poultry meat for being too competitive against Russian farmers. The result is a growing imbalance in the trading relationship. The U.S. would not suffer if it halted imports of Russian vodka and sunflower seeds.
Meanwhile, Russia has intentiona...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
