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.
Read MoreReuters' 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."
Read MoreFarm 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.
Read MoreUS 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.
Read MoreFor 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.
Read MoreCanada 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.
Read MoreU.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.
Read MoreAgri-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.
Read MoreClose 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.
Read MoreFor 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.
Read MoreAn ag economist at Ohio State University says the ag trade deficit reached its peak in July and it’s spurring concerns about the future of U.S. ag exports.
Read Morein August, the U.S. Grains & BioProducts Council (USGBC) welcomed a team of 11 Mexican grain importers to New Orleans to offer a better understanding of U.S. grain export procedures, regulatory frameworks, logistics and operations in maritime shipping.
Read MoreAgricultural trade plays a vital role in the American economy. It supports U.S. farmers while driving economic growth and job creation across the country. With more than 20% of U.S. agricultural production sold abroad, exports are a key part of this picture. On average, every dollar of agricultural exports generates $2.06 in additional economic activity within the United States.
Read MoreAgricultural markets maintain remarkable stability despite recent heat waves that stirred memories of past crop disasters. Investors across Wall Street to Main Street appear content with current conditions as volatility indexes reach year-long lows ahead of critical Federal Reserve announcements.
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