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Tag Archives tariffs

(SKHoward/iStock/Getty Images)
Crops, Markets, Reuters, Soybeans

U.S. to favour soybeans in trade war aid for farmers

By GFM Network News May 21, 2019
Washington/Chicago | Reuters — The Trump administration is considering direct payments to U.S. farmers of $2 per bushel for soybeans as part of an aid package to offset the trade war with China, Bloomberg reported on Tuesday, an offer that could encourage more soy planting despite record supplies. China is the world’s top soybean importer, […] Read more

Ken Christopher looks at cloves of garlic on a conveyer belt on March 29, 2019 at Christopher Ranch at Gilroy, California, about 40 km southeast of San Jose. (Photo: Reuters/Lucy Nicholson)
Crops, Reuters

U.S. garlic growers profit from trade war as most farmers struggle

By GFM Network News May 21, 2019
Gilroy, California | Reuters — Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump’s latest economic attack accordingly. Sales of California-grown garlic are now increasing after decades of losing ground to cheaper Chinese imports. Sales are poised to get even better as […] Read more


Foreign Minister Chrystia Freeland speaks with Prime Minister Justin Trudeau after her arrival at the Stelco steel plant in Hamilton on May 17, 2019, following news that the U.S. agreed to lift tariffs on Canadian steel and aluminum. (PMO photo by Adam Scotti)
General, Machinery, Markets, Reuters

Canada vows ‘full steam ahead’ on ratifying trade pact

By GFM Network News May 19, 2019
Ottawa | Reuters — Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. U.S. President Donald Trump had imposed the global “Section 232” tariffs of 25 per cent on steel and […] Read more

A macrophage (immune response) cell in early stages of infection with African swine fever virus, magnified about 1,000x. (Keith Weller photo courtesy ARS/USDA)
Hogs, Livestock, Reuters

U.S. to begin testing sick and dead pigs for African swine fever

By GFM Network News May 16, 2019
Chicago | Reuters — The U.S. Department of Agriculture within weeks will begin testing sick and dead pigs for a hog virus that has killed herds across Asia in an effort to minimize devastation if the disease enters the United States, the agency said on Thursday. Increased testing aims to help U.S. officials detect cases […] Read more


(Gassen/iStock/Getty Images)
Hogs, Livestock, Markets, Reuters

China cancels U.S. pork import order as trade war drags on

By GFM Network News May 16, 2019
Chicago | Reuters — The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 tonnes of U.S. pork — the biggest cancellation in more than a year, according to U.S. Department of Agriculture data released on Thursday. The cancellation came during the week ended […] Read more

(Dave Bedard photo)
Crops, Hogs, Markets, Reuters

New Trump aid plan for U.S. farmers to rely on direct payments

By GFM Network News May 15, 2019
Washington | Reuters — The Trump administration’s second package of aid for U.S. farmers hit by the trade war with China is expected to have a similar structure to last year’s program, using direct payments and commodity purchases, industry sources briefed on the plan said. The U.S. Department of Agriculture is still finalizing the plan, […] Read more


CBOT July 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy rally as slow planting pace ignites short-covering

By GFM Network News May 14, 2019
Chicago | Reuters — U.S. corn futures climbed more than three per cent on Tuesday and soybeans bounced back from a decade low as planting delays in the Midwest crop belt sparked a round of short-covering, analysts said. Additional support stemmed from optimistic comments from Washington and Beijing that tempered concerns about a further escalation […] Read more

A Mexican port-of-entry sign on Highway 92 near Naco, Arizona. (Rex_Wholster/iStock/Getty Images)
Crops, Markets, Reuters

New Mexican duties against U.S. ready soon, minister says

By Reuters, GFM Network News May 14, 2019
Toronto | Reuters — Mexico is finalizing duties to impose on new U.S. products in retaliation for the Trump administration’s steel and aluminum tariffs and details should be available soon, Economy Minister Graciela Marquez said on Tuesday. Mexico and Canada have both imposed retaliatory measures on billions of dollars of U.S. goods. Mexico said in […] Read more


CBOT July 2019 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans hit 10-year low on trade tensions

By GFM Network News May 13, 2019
Chicago | Reuters — U.S. soybean futures fell to their lowest in a decade on Monday as escalating U.S.-Chinese trade tensions dampened hopes for a revival in soybean exports, analysts said. At the same time, planting delays in the U.S. Midwest could prompt farmers to shift some acres intended for corn to soybeans, potentially adding […] Read more

CME June 2019 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Lean hogs limit down on trade war woes

By GFM Network News May 13, 2019
Chicago | Reuters — U.S. lean hog futures on the Chicago Mercantile Exchange (CME) fell the daily three-cent-per-pound limit on Monday as fears of a prolonged trade war between the U.S. and China triggered long liquidation, analysts said. China said it would impose higher tariffs on a range of U.S. goods, following Washington’s decision last […] Read more


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