American farmers welcomed China's promise to buy some of their soybeans, but they cautioned this won't solve all their problems as they continue to deal with soaring prices for fertilizer, tractors, repair parts and seeds.
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China’s state-owned COFCO bought three U.S. soybean cargoes, two trade sources said, the country’s first purchases from this year’s U.S. harvest, shortly before a summit of leaders Donald Trump and Xi Jinping.
As the two nations battle over trade tariffs, the lack of Chinese buying has cost U.S. farmers billions of dollars in lost sales, after they largely supported Trump in his campaigns for president.
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Over the weekend, President Donald Trump announced trade pacts with Malaysia and Cambodia during a trip to southeast Asia. He also provided new details on potential Thailand and Vietnam deals.
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Treasury Secretary Scott Bessent said Sunday the U.S. and China have agreed on the “substantial framework” of a trade deal that will benefit American farmers and resolve other key issues.
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Willis Nelson, a third-generation farmer in eastern Louisiana, was hoping to avoid the worst.
The 38-year-old farms 4,000 acres in Sondheimer with his brothers and father. They grow row crops such as corn, cotton, and soybean, which are the leading U.S. agricultural exports that are sold to a global market.
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Reuters' Ella Cao and Lewis Jackson reported that "China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world's two largest economies."
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Farm economists say today’s ag slowdown “isn’t a collapse, but it’s a grind.” From trade woes to rising costs and consolidation, experts warn recovery could take time, even as livestock markets stay strong.
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US representatives today in Havana highlighted their mutual interest in strengthening exchanges. Especially in the agricultural sector, during a new edition of the Cuba-US Agricultural Conference.
According to Paul Johnson, president of the Agricultural Coalition between the two nations. Bilateral cooperation shows concrete potential in strategic sectors such as agriculture, scientific research, and trade.
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For American agriculture, trade is not just policy; it’s an economic necessity.
U.S. farmers, ranchers, and workers in the agriculture supply chain depend on global markets to stay competitive, grow their operations, and support millions of jobs across America’s heartland. Approximately 20 percent of all U.S. agriculture production is exported each year, making access to international agriculture markets a cornerstone of economic health.
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Canada is committed to advancing the common economic interests of the three signatories to the United States-Mexico-Canada Agreement, a pact that strengthens all of North America, said Donald Boucher, director, general sector development and analysis, Agriculture and Agri-Food Canada (AAFC), Ottawa.
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U.S. President Donald Trump said he was considering terminating some trade ties with China, singling out cooking oil even though traders and analysts said such shipments have already spent the past year plummeting.
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Agri-Pulse's Noah Wicks reported that "water levels in parts of the Ohio and Mississippi rivers are likely to reach critically low stages soon, forcing shippers to light-load harvest-season grain barges for the fourth year in a row."
"Readings on the Ohio River at Cairo, Illinois, have already fallen below that gauge's 'low threshold,' while those on the Mississippi River at Memphis, are projected to do so by Tuesday," Wicks reported. "With harvest season already underway, agricultural shippers are being forced to load their barges lighter due to the threat of low water conditions developing in coming weeks. 'We've had low water levels for four years in a row now,' said Mike Seyfert, president and CEO of the National Grain and Feed Association. 'What I would say is, it certainly doesn't make things easier.'"
Chinese importers kept up a hectic pace of Argentine soybean purchases after the South American supplier's move to abolish export taxes temporarily made its prices competitive, traders said on Wednesday.
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Close to half of all U.S. corn, soybeans and wheat exports move through the Mississippi River system, making it one of the most important export corridors in the world. Over the past five years, an average of 65 million metric tons of bulk agricultural product traveled by barge to terminals near New Orleans, where shipments were loaded onto ocean vessels bound for global customers. This inland waterway remains the most cost-effective way to connect Midwestern farms to foreign markets, ensuring U.S. agriculture can compete on price and reliability.
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For the first time since at least the 1990s, China hasn’t bought any U.S. soybeans at the start of the export season, a sign that Beijing is once again using agriculture as leverage in its trade fight with Washington.
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