China on Imports from U.S. The trade is said to be confused. There are conflicting reports with one stating that Beijing has ordered state-owned enterprises Cofco and Sinograin to suspend purchases of U.S. agricultural commodities with soybeans and pork mentioned, and other reports that private Chinese traders are still looking to buy. It was already questionable whether China would meet its Phase One agreement purchase levels and now it is almost certain that they will not. In addition to anger over U.S. punitive measures over Hong Kong, the political calculus has shifted to Donald Trump now vulnerable in his reelection campaign. Undermining his base of support in farm country by stopping imports is a more legitimate foreign influence on...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
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