Trade
A coalition of over 270 local, state and federal trade associations signed a letter urging President Biden and the administration to use all of its authorities to get the ports open and get the parties back to the negotiating table.
Union head vows to stay on strike ‘as long as necessary’ as the first strike since 1977 halts the flow of goods, ranging from bananas to beef, pork and poultry to industrial materials, leading to potential shortages and price hikes.
The group of terminal operators and ocean container lines said their new offer would increase wages by nearly 50%, triple employer contributions to union retirement plans, strengthen health care options, and retain the current language around automation and semi-automation.
“In this market, there’s a lot of risk from the farm gates to the retail side. So more conversation goes along way this year,” Josh Linville says.
In response to John Deere’s recent announcement about moving some of its production to Mexico, Trump expressed concern about the impact on American workers, stating, “It’s hurting our country. It’s hurting our workers.”
While bulk grain exports would be largely unaffected, the strike would impact containerized agricultural exports: Soybeans, soybean meal, and other agricultural products exported via containers would be affected.
The contract between the International Longshoremen’s Association and the United States Maritime Alliance is set to expire on Sept. 30. Negotiations between the two parties have stalled, raising concerns about a possible strike starting Oct. 1.
China’s soybean imports reached a record high in August 2024, reflecting significant growth in the country’s demand for the oilseed, but meat imports declined.
Agricultural imports are expected to reach a record $212 billion, up $8 billion from FY 2024. This increase is largely due to rising imports of horticultural products, sugar and tropical products.
Canada Industrial Relations Board orders rail workers back amid major labor dispute, union plans appeal
Unless labor agreements are reached, Canadian National Railway and Canadian Pacific Kansas City will shut nearly all freight rail services in Canada at midnight on Thursday, snarling shipments of everything from wheat to fertilizer and meat.
Declining demand for wine and an increase in imported wine means there’s a glut of grapes this year, and it’s so bad there’s a surge in the amount of unharvested grapes that still don’t have a home. Now, there are fears it could ultimately force more true family farmers out of business.
The classification would have boosted exports and reduced tariffs on goods from country that is rising supply chain alternative to China.
At this week’s Republican National Convention, the GOP confirmed their ticket for the 2024 presidential race while calling for unity in America following the assignation attempt on candidate Donald Trump. Meanwhile, there’s growing pressure among Democrats for President Joe Biden to step away from the race.
A new president of Mexico will be elected on June 2. The two front-runners in the presidential race are both pro trade with the United States. That’s good news for U.S. farmers and livestock producers.
The Commission has agreed to advance a petition by Corteva Agribusiness to place anti-dumping and countervailing duties on imports of 2,4-D. NCGA says a decision to impose tariffs would negatively impact farmers.
During a discussion on AgriTalk, the Senator said he supports free trade and believes that tariffs can create more problems instead of solutions. He also was less than enthusiastic about the GREET Model.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while corn and soybeans also edged up.
Dr. Vince Malanga shares insights on the U.S. economic outlook, and what areas demand the most attention.
The government of China has come a long way in developing its agricultural sector over a relatively short period. Since 2000, the real value of China’s agricultural production has increased more than 530 percent.
Major disruptions to shipping through the Panama and Suez canals, occurring for very different reasons, are contributing to the recent spike in ocean freight rates.
From drought issues posing problems in the Panama Canal to growing tensions and attacks in the Red Sea, it’s causing freight rates to skyrocket and ongoing delays in shipping products around the globe.
AgriTalk has extended an invitation to all the 2024 presidential hopefuls to join Host Chip Flory and answer five standard questions about what they would focus on once in office.
Earlier this week, as part of an annual administrative review of countervailing duty orders, the Department of Commerce (DOC) adjusted duties on imported phosphate fertilizers.
Dredging the Mississippi River to a depth of 50' allows 500,000 more soybean bushels to be loaded per vessel, which helps lower freight rates and adds to the value of the soybeans exported.
The port of South Louisiana is the No. 1 export port for grain by volume in the U.S., so it’s important for U.S. farmers getting their product to export markets.
An increase in crushing capacity means there’s going to be more soybean meal available for export. To prepare for that transition, infrastructure improvements are being made at the Port of Grays Harbor in Washington.
While the U.S. and EU aim to make progress during an upcoming summit, reaching a final agreement is uncertain. This issue has significant implications for U.S./EU ties, climate goals, and geopolitics.
China’s Commerce minister expressed concerns over trade and tech restrictions to U.S. Senate Majority Leader this week. That’s as the U.S. Commerce Department added 42 more Chinese companies to the export blacklist.
As brent crude futures soar toward $100, it’s creating a new battle in the Federal Reserve’s effort to fight inflation. One money manager warns another rate hike is likely.