Biden, Xi Plan Virtual Summit by Year’s End
Financial Times writers Demetri Sevastopulo and Ryan McMorrow reported on Thursday that, "Joe Biden and his Chinese counterpart Xi Jinping have agreed to hold a virtual summit this year, in…
USDA Attache Update from Beijing Highlights Corn Import Variables
A recent report from the USDA’s Foreign Agricultural Service (FAS) post in Beijing ("China: Grain and Feed Update") stated that, "Post’s MY 2021/22 corn import forecast is 20 MMT, 6 MMTs…
Trade Representative Katherine Tai Outlines U.S., China Trade Policy
Wall Street Journal writers Josh Zumbrun, Bob Davis and Lingling Wei reported in Tuesday's paper that, "The Biden administration began defining its China trade policy Monday, saying it aims to…
China’s Energy Problems Impacting Food Security Variables, as Weaker Chinese Corn Buying Unfolds
Bloomberg News reported this week that, "China’s power-hungry commodities producers are in Beijing’s firing line, but the government’s efforts to stave off a full-blown energy crisis are also fueling rallies…
Gulf Export Inspections Making a Comeback, as Hog Production Variables in China Evolve
Reuters writer Karl Plume reported this week that, "U.S. soybean exports jumped last week to a six-month peak, while corn shipments were the highest in a month as Louisiana Gulf…
U.S. Beef Exports Increase, Reflecting Large Shipments to China
In its monthly Livestock, Dairy, and Poultry Outlook report last week, USDA’s Economic Research Service (ERS) stated that, "In July, U.S. beef exports totaled 297 million pounds, exceeding last July’s…
Ports in the Gulf Show Signs of Life Post-Ida, But Export Volumes Still Below Normal
Reuters writer Julie Ingwersen reported earlier this week that, "U.S. grain exports increased last week as shippers along the Louisiana Gulf Coast recovered from flooding and widespread power outages caused…
A Look at U.S. and EU Pork Exports, and Chinese Pork Demand
In its monthly Livestock, Dairy, and Poultry Outlook report last week, USDA's Economic Research Service (ERS) stated that, "Pork exports in July were 508 million pounds, 8.5 percent lower than…
Ida Slows Soybean Export Pace, as China Looks to Brazil for Soy
Earlier this week, the USDA's Economic Research Service noted in its monthly Oil Crops Outlook report that, "Hurricane Ida’s emergence in the Gulf of Mexico slowed the pace of exports…
Export Inspections of U.S. Grain Remain Low Post-Ida, as Cargill Restarted its Westwego Terminal on Monday
Reuters writer Karl Plume reported this week that, "U.S. grain exports slumped to their lowest level in years last week as shippers struggled to restart loading operations along the Louisiana…
China Corn Production at Record Level, as U.S. Expecting Second Largest Corn Harvest Ever
In its monthly World Agricultural Production report on Friday, USDA's Foreign Agricultural Service (FAS) indicated that, "USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million…
USDA Attache Update from Beijing Highlights Soy Variables, as Ida Related Export Delays Persist
Last week, a report from the USDA’s Foreign Agricultural Service (FAS) post in Beijing (“China: Oilseeds and Products Update“) stated that, "Soybean imports are forecast at 101 million metric tons…
Uncoupled Variables Scramble Agricultural Export Flows
Recent news articles have highlighted independent developments that are impacting agricultural export markets.
Ida Aftermath Stymies Grain Exports as Trade Routes Altered, China Eyes Brazil Soy
Reuters writers Karl Plume and PJ Huffstutter reported this week that, "Grain shippers on the U.S. Gulf Coast reported more damage from Hurricane Ida to their terminals on Wednesday as Cargill…
China’s Import Demand for Corn in Focus, as Brazil’s First Corn Planting Underway
Alfred Cang reported this week at Bloomberg that, "China’s record corn-buying spree -- a cornerstone of its trade deal with the U.S. -- may be running out of steam, with…
USDA Attache Update from Beijing Highlights Hog and Pork Variables
A report on Thursday from the USDA’s Foreign Agricultural Service (FAS) post in Beijing ("Livestock and Products Annual") stated that, "In 2022, hog production will decline by 5 percent due to…
USDA Forecasts Record Farm Exports in FY 2021 and FY 2022
On Thursday, 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). Today’s update includes highlights…
African Swine Fever Recovery in China, a Variable Impacting Feed, Pork Imports
Reuters News reported last week that, "China’s soybean imports from top supplier Brazil fell in July from the previous year, customs data showed on Friday, as poor crush margins weighed…
China’s Hog Herd Expands, But Sow Numbers Fall in July- U.S. Corn Exports at Record Levels
Earlier this week, Reuters writers Min Zhang, Shivani Singh and Dominique Patton reported that, "China's sow herd declined for the first time in nearly two years, contracting 0.5% in July…
Global Wheat Supplies Contract, Impacting Exports, and Food Prices
Late last week, Bloomberg writers Megan Durisin, Kim Chipman, and Khadija Kothia reported that, "Crop losses in two of the world’s biggest wheat exporters and quality concerns in a third…