Articles tagged under: China
The Long-Term Benefits of the Phase One Trade Deal
Published February 28, 2020
American Soybean Association Vice President Kevin Scott sees long term benefits to U.S. soybean farmers from the phase one trade agreement. "We've thought the trade one deal would be a positive in the markets, but it's been a challenge. There…Optimistic that Trade with China Will Pick Up
Published February 28, 2020
American Soybean Association President Bill Gordon remains optimistic that trade with China will pick up, but it might take a while. "It's never perfect, but if we can get these markets to respond positively, farmers will grow soybeans. We had…Re-Establishing Trade Patterns
Published February 27, 2020
According to Valley City, North Dakota farmer and U.S. Soybean Export Council Chair Monte Peterson, one of the biggest challenges facing the U.S. soybean industry is re-establishing trade patterns. "It all depends on China, opening the China market as soon…“Until China Buys, We’re Not Buying the Promise”
Published February 26, 2020
The House Ways and Means Committee held a hearing on U.S. and China trade Wednesday. Committee Chair Richard Neal said China's purchase commitments as part of the phase one agreement may be hard-pressed to happen due to the coronavirus. "The…Continue to Plan for Uncertainty
Published February 26, 2020
National Cattlemen’s Beef Association Senior Director of International Trade and Market Access Kent Bacus says it’s hard to know how the coronavirus will play out on U.S. beef imports into China. "It's something people weren't really prepared to account for.…New Markets for Northern-Grown Soybeans
Published February 26, 2020
North Dakota and northwest Minnesota are very dependent on trade and export opportunities in the Pacific Northwest. North Dakota Soybean Council Executive Director Stephanie Sinner says there are beans moving. "We're used to the floodgates opening and everything moving at…China Okays U.S. Chipping Potatoes
Published February 26, 2020
China signed a protocol allowing the import of U.S. fresh chipping potatoes from the Pacific Northwest. Bryant Christie Vice President of Global Access Matt Lantz says any exported potato is good for the potato industry. "Any opportunity for us to…Hormel Makes Ractopamine Announcement
Published February 20, 2020
As of April 1, Hormel Foods will no longer accept hogs that have been exposed to the feed additive ractopamine. Tyson Foods and JBS USA made similar moves last year. Ractopamine is banned in China and the pork processing companies…Phase One Trade Deal Takes Effect
Published February 15, 2020
The U.S.-China phase one trade agreement was signed in mid-January. North Dakota State University Extension Crops Economist Frayne Olson says this past Friday was the implementation date. "There was a lot of people in the futures market that was concerned…