Soybeans affected by rise in U.S.-China tension

Soybean futures lost a little ground amid the rise in tension between the U.S. and China. May 22’s settle for the nearby contract was down over 11 cents from the start of the week. In the export market for the week ending May 14, [...]

Dollar’s rise during stay-at-home orders

Given its spread across borders, the COVID-19 global pandemic could be described as an equalizing force, at least from an economic perspective. Yet, considering its influence on foreign exchange rates, the pandemic’s economic impact has not been shared equally. The U.S. dollar index, a [...]

Dairy prices retreat as coronavirus spreads

As confirmed coronavirus cases and fatalities mount—mostly but not solely within mainland China—dairy prices eased in the most recent Global Dairy Trade auction falling by nearly 5 percent. Travel restrictions and reduced growth forecasts as a result of the virus are curbing future demand [...]

Chinese imports & exports limited by coronavirus

The coronavirus that broke out in Wuhan, the capital of China’s Hubei province, in late January is expected to have lingering impacts for the next several months, if not longer. The number of infected people was approaching 25,000 as of early this week and [...]

Australian wildfires visible from space

Having burned through over 15.6 million acres, the Australian wildfires have forced thousands to evacuate. Fires have been particularly intense along Australia’s east coast, with New South Wales suffering severe damage and Victoria declaring a state of disaster. Coastal communities, where fires were fanned [...]

U.S. may impose greater tariffs on EU goods

The Trump administration may add or increase tariffs on EU products, including agricultural products, to combat subsidies from the EU to Airbus. According to CNBC, “The U.S. has long argued that subsidies to Airbus hurt American aircraft giant Boeing and that the EU’s efforts [...]

Taiwan pledges to buy corn, soybeans

Earlier this week, Taiwan committed to purchasing a few billion dollars of U.S. corn, corn co-products, and soybeans over the next two years. Reuters reported that Taiwan agreed to buy $2.2 billion corn and soybeans from Illinois, and World-Grain.com reported Taiwan agreed to purchase [...]

Load More Posts