U.S., China Trade Dispute Ratchets Higher; USDA Releases September Soybean Estimates

President Trump indicated this week that the U.S. is planning to increase tariffs on Chinese imports, while China responded with proposed tariffs of its own on more U.S. exports.  As trade tensions between the two countries increase, the U.S. Department of Agriculture released its latest soybean estimates earlier this month, which provided additional insight into the ongoing agricultural impacts of the trade war.
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Senate Ag Committee Holds Hearing on U.S. Agricultural Trade

On Thursday, the Senate Ag Committee held a hearing titled, "Perspectives on U.S. Agricultural Trade," where lawmakers engaged in a discussion with Gregg Doud, the Chief Agricultural Negotiator with the Office of the United States Trade Representative, and Ted McKinney, USDA's Under Secretary For Trade And Foreign Agricultural Affairs.  USDA Chief Economist Dr. Robert Johansson also provided technical background at the hearing.
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FSA Administrator Highlights Market Facilitation Program; Chinese Ag Imports Projected to Decrease

The Administrator of USDA's Farm Service Agency (FSA), Richard Fordyce, was a guest on Friday’s “Adams on Agriculture” radio program with Mike Adams, where he discussed details of the new Market Facilitation Program.  Meanwhile, USDA released its quarterly Outlook for U.S. Agricultural Trade last week, which noted that agricultural exports to China are projected to decrease.
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Farmers Await Details on USDA Trade Assistance

U.S. farmers are anxious for details on the trade assistance package the administration announced in July.  Press reports indicate that program guidelines could be issued by August 24th.  Meanwhile, business news articles and USDA data continue to shed light on agricultural export variables as the ongoing trade dispute with China continues.
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