Following severe flodding in the Midwest, a pile of 650,000 bushels of soybeans in rural Missouri spontaneously combusted and have been burning for a month.
Al Kluis, managing director of Kluis Commodity Advisors, thinks traders won't see the soybean market turn until there are real orders and action taken.
The overall deficit getting bigger isn't necessarily a bad thing, said Dan Ikenson, director of the Herbert A. Stiefel Center for Trade Policy Studies at the Cato Institute.
The U.S. trade deficit in July surged to a five-month high, $50.1 billion, as exports of products like soybeans and civilian aircraft fell, while imports reached record levels. President Donald Trump regularly complains about trade deficits, but his own spending policies tend to undermine the goal of lowering the trade gap. One part of the […]
U.S. farmers who are caught up in the wider U.S., China and Mexico trade disputes are expected to get details today on a $12 billion aid package to help offset the effects of retaliatory tariffs. Farmers have been watching prices drop for milk, wheat, soybeans and more, and they don’t even know how to calculate […]
The Department of Agriculture announced a $12 billion aid package on Tuesday for farmers impacted by U.S. trade disputes. The money would go to pork, soybean and dairy farmers among others who have been slapped with retaliatory tariffs in response to President Donald Trump’s tariffs on foreign goods. But how much can the government do […]
After President Donald Trump threatened tariffs on $50 billion in Chinese goods, the Chinese government threatened to target soybeans, an important American cash crop. As farmers got ready to plant their fields, they didn’t have much choice but to stick to planting soybeans and hope for the best. But there are other actions they could […]
President Donald Trump has instructed the U.S. trade representative to consider slapping $100 billion in additional tariffs on Chinese goods. The move comes a day after China issued a $50 billion list of U.S. goods including soybeans and small aircraft for possible tariff hikes in an escalating and potentially damaging dispute. The White House said […]
