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 [...]

How far out are pending trade agreements?

U.S.-Japan: On Monday, Sep. 16, President Trump informed Congress that he had reached an initial trade deal with Japan. The president noted his intent to sign an agreement before the end of September with a key goal being “more fair and reciprocal trade” between [...]

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 [...]

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