A trade team from Taiwan visited Iowa last week and signed letters of intent to purchase $2.8 billion worth of U.S. grains over the next two years. The deal includes corn, soybeans, wheat, and the ethanol co-product distillers dried grain with solubles (DDGS). Iowa Corn Promotion Board (ICPB) Director Mark Heckman signed the letter of intent between ICPB and the …
U.S. Rice Production Finding New Markets
Greg Yielding of the U.S. Rice Producers Association says rice is looking good this year. He brought an outlook message to attendees of the recent Missouri Rice Council Field Day and says growers with good crops need to be deciding now if they’ll sell or wait at harvest time. Indicators point to a pretty tight market, he says. Whatever farmers …
Brazil Tweets Tariff Decision
A tweet from Brazilian Minister of Agriculture, Livestock and Supply Blairo Maggi late yesterday afternoon informed the world that Brazil’s foreign trade chamber has approved a 20 percent tariff on U.S. ethanol imports after a 600 million liter tariff rate quota. The Renewable Fuels Association (RFA), U.S. Grains Council (USGC) and Growth Energy issued a joint statement on the decision. …
Commerce Finds Unfairly Subsidized Biodiesel Exports
The preliminary determination of the U.S. Department of Commerce is that exporters of biodiesel from Argentina and Indonesia did receive “countervailable subsidies” and may allow for collection of retroactive duties. “The U.S. values its relationships with Argentina and Indonesia, but even friendly nations must play by the rules,” said Commerce Secretary Wilbur Ross. The department determined that both countries subsidized …
U.S. Grain Inspection – What to Expect
One of the breakout sessions during the 2017 U.S. Soy Global Trade Exchange provided an overview on how the soy and grain inspection system operated. This gave U.S. growers a better understanding of how their grain was managed once it left the farm and more importantly provided international buyers with the information needed to ensure they were getting a quality …
Nebraska Proudly Hosts #USSoyExchange
To kick off the 2017 U.S. Soy Global Trade Exchange, Nebraska Lieutenant Governor Mike Foley provided opening remarks to the international and domestic soybean audience. I was able to speak with the Lt. Governor who shared how proud the state is of its agricultural industry. He said, “It’s really the backbone of our economy. We like to grow things.” “It’s …
Trade Offers Stability for Rural Economies
Jason Hafemeister, Acting Deputy Under Secretary for Trade & Foreign Agricultural Affairs at the U.S. Department of Agriculture (USDA) addressed the attendees of the 2017 U.S. Soy Global Trade Exchange, bringing a message of greater trade opportunities for America’s farmers. “A substantial part of our farm income comes from foreign markets,” said Hafemeister. “So we at the department are always …
Perdue Remarks on Bilateral Talks in Mexico
While meeting with Mexican Secretary of Agriculture José Calzada Rovirosa, U.S. Secretary of Agriculture Sonny Perdue today held a teleconference for U.S. media. The two leaders engaged in bilateral talks, including a panel discussion with U.S. and Mexican producers, several agricultural site visits, and a joint press conference – seeking to build on the U.S. and Mexico’s well-developed track record …
U.S. Rice Heading to China
History was made this week when an agreement permitting US rice exports to China was signed during bi-lateral trade meetings held in Washington DC. An inspection of US rice mills and packaging facilities by the Chinese phytosanitary authorities is the next step to take place. The first exports to China will take several months but will provide a boost to …
USDA & NCBA Celebrate U.S. Beef to China
U.S. Secretary of Ag Sonny Perdue joined National Cattlemen’s Beef Association (NCBA) President Craig Uden for a ceremonial “Cutting of the Prime Rib.” The Nebraska prime rib formally marked the return of U.S. beef to the Chinese market after a 13-year hiatus as part of the U.S.-China 100-Day Action Plan announced by the Trump Administration. The first shipment of U.S. …