Senate Confirmation Hearing for USTR Nominee Katherine C. Tai, China Issues in Focus
On Thursday, the Senate Finance Committee held a confirmation hearing for U.S. Trade Representative nominee Katherine C. Tai.
Projected U.S. Corn Exports and Prices Rise, But Will “Rampant” Chinese Demand Continue
Financial Times writers Emiko Terazono and Sun Yu reported last week that, "Record purchases by China have sent corn prices soaring since the end of last year, leaving farmers and analysts pondering how long the surge can be sustained."
FAO Food Price Index Climbs on Strength of Grain Prices, as Chinese Demand Persists
Financial Times writer Emiko Terazono reported last week that, "Global food prices have reached their highest in almost seven years, further raising the spectre of food inflation and hunger at a time when the Covid-19 pandemic continues to hit economies…
China “On Course” to be World’s Top Corn Importer, as Biden Administration “Reviews” Phase One Deal
Last week, Reuters writers Mark Weinraub and Karl Plume reported that, "China booked its biggest purchase of U.S. corn yet, the U.S. Agriculture Department said on Friday, buying more at once than any country except the Soviet Union 30 years…
Unrelenting Chinese Demand Boosts Corn Prices
Bloomberg writers Kim Chipman and Nicholas Larkin reported this week that, "Corn prices in Chicago reached a seven-year high with China’s appetite for the grain stoking global supply concerns."
China’s 2020 Phase One Ag Purchases Well Below Target, But Back Up to 2017 Levels
Late last week, Aime Williams and Justin Jacobs reported at The Financial Times Online that, "China has purchased less than three-fifths of the US goods projected under the “phase one” trade deal that paused a tariff dispute between the two…
Pork Export Variables and China
Earlier this month, in its Livestock and Poultry: World Markets and Trade report, the USDA's Foreign Agricultural Service (FAS) stated that, "Driven by higher estimates for pork, the China total meat import forecasts for both 2020 and 2021 are revised…
Chinese Demand Undergirds Robust Soybean, Corn Prices
Reuters writers Hallie Gu and Dominique Patton reported last week that, "China’s soybean imports jumped 13% to an annual record in 2020, customs data showed on Thursday, after crushers ramped up purchases amid improved margins and healthy demand from the…
Need for Animal Feed: China Approves GMO Corn Varieties
Bloomberg News reported earlier this week that, "China approved two genetically modified corn varieties from Bayer AG and Syngenta AG for imports as demand for animal feed surges."
Phase One Ag Targets Lag, But U.S. Soybean and Corn Exports to China Surge
Last week, Bloomberg News reported that, "China is far away from meeting its U.S. trade-deal commitments, with the latest data showing it’s imported just over half of the American goods it promised to buy in the first year of the…
Brazil in “Advanced” Talks with China to Boost Corn Sales as China’s Hog Herd Rebuilds
Last week, Bloomberg writers Isis Almeida, Samy Adghirni, and Tatiana Freitas reported that, "Brazil is close to an agreement that would allow the world’s second-largest corn exporter to boost sales of the grain to China, a move that could threaten…
“Dynamic” Forecast for Feed Grain Trade, and China is the “Primary Driver.”
Last week, in its monthly Grain: World Markets and Trade report, the USDA's Foreign Agricultural Service (FAS) explained that, "Trade data for 2019/20 (October-September) are largely complete. Many countries imported record volumes of corn, despite initial concerns over a potential slowdown…
Corn Exports: Chinese Pigs, American Crops- “Increasingly Interdependent”
On Monday, Reuters writer Dominique Patton reported that, "Behind the walls of a hulking industrial compound in rural China, top pig producer Muyuan Foods is trying to raise more hogs on a single site than any company in the world -…
China Imports of U.S. Corn Next Year Could Hit 30 Million Tons
Bloomberg News reported late last week that, "China is set to import more U.S. corn, with volumes for next year seen hitting the top end of market expectations and squeezing global grains prices."
USDA Agricultural Trade Outlook- FY 2021 U.S. Exports Forecast Up $11.5 Billion
On Monday, the USDA released its Outlook for U.S. Agricultural Trade, a quarterly report from the Department’s Foreign Agricultural Service (FAS) and Economic Research Service (ERS).
Factors Taming China’s Demand for Imported Pork, as Supplies Build in Europe
Wall Street Journal writer Lucy Craymer reported late last week that, "China’s voracious appetite for imported meat is starting to wane, as domestic pork prices fall and consumer worries grow about the coronavirus lingering on food."
China’s Grain Buying Is “Rocking the Global Market”
Late last week, Reuters writers Hallie Gu, Maximilian Heath, and Naveen Thukral reported that, "Chinese feed producers, pig farmers and traders are reshaping the global grain market as they scour the world for supplies amid a domestic shortfall that sent local…
China’s Corn Imports Estimated to Hit 22 Million Metric Tons, USDA- FAS
A report earlier this month from USDA's Foreign Agricultural Service (FAS), "China's Corn Imports Estimated to Hit 22 Million Metric Tons," stated that, "The forecast for China’s corn imports for MY 2020/2021 is increased from 7 MMT to 22 MMT.…
German Pork “Effectively Trapped in Europe” Due to African Swine Fever, as China Rebuilds Herds
Late last week, Bloomberg News reported that, "China is flying in record numbers of pigs to improve genetics and boost productivity while rapidly rebuilding the nation’s hog population after it was decimated by African swine fever."
As Importer’s Need for Corn and Soybeans Seen Rising, Few Countries Currently Competing with U.S. for Export Demand
Bloomberg News reported last week that, "China’s corn imports could more than double to 17 million tons in 2020-2021 from a year earlier on prospects for a smaller domestic harvest and a recovery in demand for hog feed, according to…