As China turns its back on American ethanol in a lingering trade spat, Brazil is considering opening its doors to U.S. biofuel. Brazilian authorities are debating whether to yield to Washington's request to lift ethanol-import duties as a way of facilitating talks for a bilateral trade deal with the U.S., two people with direct knowledge of the matter said. A broad trade accord would benefit many Brazilian products and may be announced by October.
With or without retaliatory tariffs, Chinese companies will probably show little interest in buying U.S. corn because the jump in Chicago benchmark futures since May has wiped out the price advantage over domestic supplies, according to Yigu Info Consulting Ltd. Commercial firms are not expected to sign deals as "they have no profit from importing U.S. corn," said Feng Lichen, chief analyst at the consulting company. The government also has no interest in buying American corn for stockpiles following an increase in prices after heavy rains and flooding cut U.S.
More than half of the Trump administration's trade-war aid for farmers went to just one-tenth of the recipients in the program, according to an analysis of payments by an environmental organization. Eighty-two farming operations received more than $500,000 each in payments through April under the U.S. Agriculture Department's Market Facilitation Program, according to the Environmental Working Group, which analyzed payment records it obtained through the Freedom of Information Act covering $8.4 billion in payments.
The darker the better. That's generally the case when it comes to crop soils, where rich hues signal fertile ground. In North Dakota this year, the fields in the Red River Valley look they're covered in cast-iron black carpet. The saturated soils are bursting with life. Spring wheat plants are a vibrant yellowish-green, growing to around thigh-high heights. Although many fields were planted late, some of the heads of grain are starting to brown, an indication that crops are nearing maturity.
U.S. agriculture officials are preparing to roll out another $16 billion in aid to farmers hurt by the Trump administration's trade war with China, with payments to begin next month. The second round of tariff-aid payments will give time for President Donald Trump to strike trade deals, Agriculture Secretary Sonny Perdue said on a conference call on Thursday that gave details of the new package.
The most valuable marijuana company in the U.S. is under fire for how it's marketing and selling CBD, the trendy cannabis extract now sold at national retailers. The Food and Drug Administration sent Curaleaf Holdings Inc. President Joseph Lusardi a letter dated Monday, July 22, warning the company its lotion, pain-relief patch, tincture and disposable vape pen are considered drugs because they claim to treat conditions like pain, anxiety and ADHD, according to language on its website and social media pages.
The U.S. egg industry has an oversupply issue, and prices are so unprofitable that Cal-Maine, the biggest U.S. producer, posted its first net loss in six quarters. But prices may be near, if not at, their lowest. Producers are losing money, and that's going to force farms to make adjustments and shrink output, said Cal-Maine's Chief Financial Officer Max Bowman. "The market has got to react," he said by telephone, adding that such low prices can't go on long. "Hopefully, we've found a bottom, and we'll begin to pick up a bit."
Bayer is poised for a reduction of 90% or more in the $2 billion verdict it was hit with in the most recent trial over its Roundup weedkiller.
President Donald Trump's trade war will change forever the way top importer China buys its soybeans. That's according to Archer-Daniels-Midland Co., one of the world's largest agricultural commodities trader. The tit-for-tat tariff spat, which has already shrunk purchases of American beans, probably will mean China will try to reduce its dependence on the U.S. by buying from elsewhere and improving yields of its own production, ADM Chief Financial Officer Ray Young said.
A U.S. factory about 800 miles from the nearest ocean may hold the key to making fish farming more sustainable. The $200 million plant in the midwestern town of Blair, Nebraska, started production this week of an oil made from algae that its owners say could help solve one of the most vexing conundrums facing the global aquaculture industry, estimated to be worth $180 billion.