A currency front in the U.S.-China trade war

Nearly two years after Office of the U.S. Trade Representative (USTR) began investigating China over IP concerns and 11 months after the bulk of tariffs went into effect, President Trump announced a tariff of 10 percent on some US$300 billion of Chinese exports—upping the [...]

U.S. net agricultural export totals adjusted downward

Last Thursday, May 30, USDA released its quarterly Outlook for U.S. Agricultural Trade, forecasting import and export value totals for the current year. USDA decreased its initial export value forecast by $4.5 billion, from $141.5 billion down to $137 billion. Lower forecasted export shipments [...]

Stock markets slide amid U.S.-China trade uncertainty

Stock market volatility picked up last week with a further hike for U.S. tariffs on Chinese products. The Trump administration accused China of reneging on several areas previously negotiated, and tensions escalated further between the two countries. The current understanding is that imports already [...]

African swine fever: Hogs, China, & trade

One of the hottest current topics in agricultural markets is African swine fever, a virus ravaging the Chinese hog industry. Market concerns abound, from whether the virus can spread to other regions globally (such as the U.S.) to its potential impact on pork production [...]

Demand for nutritious beverages on the rise in China

In a recent report, USDA found urban Chinese consumers are eating and drinking healthier than in previous years, emphasizing “eating well” over “eating full.” This mindset, along with a need for convenient nutrition, has led to growth in China’s beverage industry. In fact, profit [...]

U.S. potato starch imports start strong in 2019

After importing a record 116,016 MT of potato starch in 2018, the U.S. imported over 14,500 MT in January of this year, up 37 percent from January 2018. Shipments dropped off sharply in February, but the trend higher seems likely to continue in 2019. [...]

Trade obstacles persist for U.S. pork

Last Thursday, Apr. 18, the U.S. International Trade Commission (USITC) released its report on the impact of the United States-Mexico-Canada Agreement (USMCA). Ratification of the free-trade agreement (FTA) could improve the situation for U.S. pork exports, which have seen a sharp drop this past [...]

Apple juice imports rose ahead of tariff

The 2018/19 marketing year started on a good note for apple juice imports. The U.S. took in 48.9 million single-strength-equivalent (SSE) gallons, up 74 percent from July and up 7 percent from August 2017. Apple juice imports had declined for most of 2017/18 in [...]