Trump Blinked, Farmers Lose The White House announcement that tariffs on laptops, phones, clothing and other goods from China will be delayed until after the holiday shopping season is a win for consumers. However, there was no corresponding offer by China to resume purchasing U.S. products like agricultural commodities. Under domestic economic pressure, Donald Trump just blinked, and Beijing is not about to allow him to save face. At this juncture, there are three scenarios, none of which are likely:
China agrees to a trade deal. Unlikely before 2021 because it is trying to run Trump out of office. China resumes buying U.S. agricultural products. Unlikely since Trump blinked over toys at Christmas, and the Chinese will now try to end...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Dry bulk markets remain mixed with Capesize vessels seeing continued pressure from weaker demand while fixtures and rate strength gradually increases towards the smaller vessel classes. Tanker markets are pulling back from their recent highs as tonnage moves out of the Mid...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
