Articles tagged under: trade
South Dakota Farmer Talks Trade at White House Meeting
Published September 8, 2018
American Farm Bureau Federation Vice-President Scott Vanderwal met with Agriculture Secretary Sonny Perdue and a panel of farm group leaders at the White House Wednesday. Vanderwal says President Trump and Vice-President Pence briefly visited the meeting, commenting on the importance…A Damaged Relationship
Published September 8, 2018
Chinese leaders are telling U.S. soybean farmers they don’t need U.S. soybeans. U.S. Soybean Export Council Vice Chair Monte Peterson, who farms at Valley City, North Dakota, met with Chinese buyers during USSEC's Global Grain Exchange. "The spokesman for the Chinese…The Impact of Trade Uncertainty on Markets
Published September 7, 2018
S & W Trading market analyst Andy Shissler says trade uncertainty continues to weigh in on the markets. Hear more about that uncertainty in this interview. Shissler will join the Red River Farm Network Tuesday at 1:30 p.m. during the…Trade Deficit Widens
Published September 6, 2018
The U.S. trade deficit has not been this wide since 2015. In July, the trade gap increased more than nine percent to $50 billion. Exports suffered with a $682 million decline in U.S. soybean trade. Year-to-date, U.S. soybean shipments are…Perdue Defends Payment Calculation Formula
Published September 6, 2018
Agriculture Secretary Sonny Perdue is defending the payment rates found within the new Market Facilitation Program. The USDA leader said he is comfortable with the process. "We have used calculations that are known to economists that calculate tariff damages. They…Trade Issues to be Heard in Ag Committee
Published September 6, 2018
The Senate Agriculture Committee will hold a hearing on agricultural trade on Thursday. The witness list includes USDA Undersecretary for Trade and Foreign Agricultural Affairs Ted McKinney, Chief Agricultural Negotiator Gregg Doud and USDA Chief Economist Rob Johansson.Basis Continues to Hamper Local Soybean Prices
Published September 5, 2018
A combination of harvest pressure and market uncertainty continue to impact basis, and current levels are signaling farmers to store grain. In northeast, North Dakota, Dahlen Farmers Elevator manager Mike Kratchovil says product has been hard to move. In addition,…Moscow Trade Office to Close
Published September 5, 2018
U.S. Wheat Associates will close its Moscow, Russia office on October 1. This trade office has been in place since 1992. The decision was made as part of a restructuring effort to refocus its resources on markets with the most…Dry Bean Scene
Published August 30, 2018
The Dry Bean Scene airs every Friday at 12:35 p.m. on the Red River Farm Network. This week, hear details on USDA's Farmer Aid Program. Both kidney and navy beans are included in the Food Purchase and Distribution Program portion…