The week saw lots of action, and the trend remains set in the direction of decoupling. There are now doubts over whether China will meet its purchase commitments of US goods under the “phase one” trade deal agreed earlier this year, and the signs are getting stronger that the US plans to ban the app […]
Category: Agriculture
White House trade adviser Peter Navarro said on Monday that the trade deal with China is “over,” and he linked the breakdown in part to Washington’s anger over Beijing’s not sounding the alarm earlier about the coronavirus outbreak, reported Reuters. “It’s over,” Navarro told Fox News in an interview when asked about the trade agreement. […]
US exporters reported sales of 720,000 tonnes of soybeans to China, the US Department of Agriculture (USDA) said on Thursday, as active purchases by the world’s top soy importer continued for a second straight week, reported Reuters. The USDA confirmed the sales after reporting that weekly US soybean export sales last week were the largest […]
The week was dominated by the protests in the US, played up on China media to compare with similar protests in other places and in other eras. But some incidents of looting, the demonstrations and the Trump reaction pointed to an ever-greater likelihood of him losing in November. Silver linings appear from strange places. Biden […]
State-owned Chinese firms bought at least three cargoes of US soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing, reported Reuters. The purchases, totaling at least 180,000 tons of the oilseed, were for […]