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China steps up U.S. soybean purchases ahead of Trump-Xi meeting

China steps up U.S. soybean purchases ahead of Trump-Xi meeting

China has increased purchases of U.S. soybeans following a May summit between President Donald Trump and Chinese President Xi Jinping, providing a boost for American soybean exporters. The U.S. Department of Agriculture reported China purchased 238,000 metric tons of U.S. soybeans last week. Bloomberg said that puts purchases roughly one-quarter of the way toward a U.S. commitment for China to buy at least 25 million tons annually through 2028. The Trump administration has also said China...

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Getting the most out of reciprocal trade agreements

Getting the most out of reciprocal trade agreements

Recently, the USDA hosted a trade mission to Argentina and Ecuador. While the two markets are distinct from each other, they also have many similarities. USDA Undersecretary for Trade and Foreign Agricultural Affairs Luke Lindberg led the mission and said he was...

Soybean demand evolves beyond traditional export markets

Soybean demand evolves beyond traditional export markets

Export markets have long been a cornerstone of demand growth for U.S. soybeans. As global populations expand and incomes rise, increasing protein consumption continues to create opportunities for soybean farmers. However, industry leaders say the future of soybean...

Neutral June WASDE report had little impact on grain prices

Neutral June WASDE report had little impact on grain prices

A few slight offsetting changes in the June World Agricultural Supply and Demand Estimates (WASDE) report left the markets with very little to react to in Thursday’s trading session. That lines up with past years, though, as the June WASDE report is usually fairly...

Boozman says farm bill proposal coming soon

Boozman says farm bill proposal coming soon

Senate Ag Chair John Boozman says that the work on a bipartisan farm bill is about to yield results. Boozman says that the high prices of fertilizer and diesel fuel, labor and interest costs are all necessary reasons that farm policy needs to be updated and...

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Premium opportunities for row crop markets

Premium opportunities for row crop markets

Unlike commodity crops, farmers growing premium crops can demand higher prices, with some of them being hard to grow, while others are not. Kelsey Graber, the product line manager for specialty corn at Clarkson Grain in Illinois, highlights the fact that despite...