international trade Archives - Page 2 of 5

As globalization fades new strategies needed

Don’t expect a return to normal geopolitical conditions — at least not if you think the past several decades were normal. That was Janice Gross Stein’s message March 8, in an opening address to the Canadian Crops Convention. The noted political scientist and founding director of the Munk School of Global Affairs & Public Policy […] Read more

File photo of a pedestrian crossing in front of the World Trade Organization headquarters in Geneva, Switzerland on Dec. 9, 2019. (Photo: Reuters/Denis Balibouse)

General, Reuters

U.S. wants WTO dispute system fixed by 2024

Appeals body frozen since Trump era; Washington 'very committed' to reform

By GFM Network News January 27, 2023

Geneva | Reuters — The United States is entering a third phase of talks with countries to reform the World Trade Organization’s (WTO) hobbled trade dispute arbitration system and aims for it to be “fully functioning” by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday. The WTO’s appeals bench, […] Read more

Corn, Markets, Reuters

Brazil moves closer to China corn exports as Beijing approves traders

By GFM Network News November 3, 2022

Beijing/Sao Paulo | Reuters – Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart sales of corn to the world’s second-largest economy. The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world’s top corn supplier. […] Read more

Markets, Reuters

China’s U.S. ag imports soar to new highs in 2022, but volumes vary

By GFM Network News August 5, 2022

Naperville, Ill. | Reuters – China is on track to be the leading international buyer of U.S. agricultural products for a third consecutive year, as the total value of exported goods reached record levels in the first half of 2022. Some of that can be explained by increased trade volumes of certain items, particularly beef, but […] Read more

Reuters

China calls for overhaul of farm subsidy rules under WTO

By GFM Network News October 28, 2021

Beijing | Reuters – China on Thursday called for the removal of “enormous” farm subsidies in some developed countries as part of Beijing’s push for reform of the World Trade Organization. “There are very unfair rules in the agriculture sector, and enormous subsidies some developed country members are entitled to, that severely distort international agricultural trade,” Wang […] Read more

Markets

CBOT weekly outlook: Potential U.S.-China trade deal moving markets

By GFM Network News October 27, 2021

Speculation regarding a potential trade deal between the United States and China is sparking movement on the Chicago Board of Trade (CBoT). Ryan Ettner, broker for Allendale Inc. in McHenry, Ill., said there was optimism on the markets last week when trade representatives from both nations restarted talks. With the countries’ current deal expiring at […] Read more

Corn, Reuters

Slow U.S. corn shipments could pressure supply forecasts

By GFM Network News August 11, 2021

Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S. […] Read more

Reuters

India to launch $1.48 bln plan to raise oilseed output, cut imports

By GFM Network News August 9, 2021

New Delhi | Reuters – India will launch a 110 billion rupee ($1.48 billion) plan to boost domestic oilseed production to make the country self-sufficient in edible oil, Prime Minister Narendra Modi said on Monday, a move that will cut costly vegetable oil imports. India is the world’s biggest vegetable oil importer and spends an […] Read more

Markets, Reuters

ADM quarterly profit surges amid strong U.S. corn exports to China

By Tom Polansek, GFM Network News July 28, 2021

Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more

Incoming WTO director-general Ngozi Okonjo-Iweala takes part in an online meeting before speaking during an interview with Reuters in Potomac, Maryland on Feb. 15, 2021. (Photo: Reuters/Joshua Roberts)

General, Markets, Reuters

Nigeria’s Okonjo-Iweala makes history as new head of WTO

Geneva-based body leaderless for six months; Trump paralyzed some of WTO's functions

By GFM Network News February 16, 2021

Geneva/Washington | Reuters — Three months after the Trump administration rejected her, former Nigerian finance minister Ngozi Okonjo-Iweala received unanimous backing on Monday to become the first woman and first African director-general of the World Trade Organization. A self-declared “doer” with a track record of taking on seemingly intractable problems, Okonjo-Iweala will have her work […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News