China has proposed tariffs that would include LNG, semiconductors, beef, aircraft.  Photo: Darwel/iStock/Getty Images

China plans tariffs on $60 bln of U.S. goods in latest trade salvo

Beijing | Singapore | Reuters – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more

Bunge wrongly bet that soybean prices would rise as U.S.-China trade tensions eased.

Bunge posts surprise loss on trade-related soy hedges

Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more


The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018.
 Photo: REUTERS/Brendan McDermid

ADM earnings double, helped by U.S.-China trade row

Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more






Ripe soybeans near Morden, Man. on Sept. 14, 2017. (Allan Dawson photo)

U.S. grains: Soybeans turn lower on trade tensions

Chicago | Reuters — U.S. soybean futures ended lower on Thursday on worries about global trade tensions threatening exports, analysts said, while wheat and corn firmed on bargain-buying and ideas of tightening global supplies. Chicago Board of Trade July soybeans settled down 4-1/2 cents at $10.18-1/2 per bushel (all figures US$). July wheat ended up […] Read more

Attendees at the 2017 Food and Hotel China trade show watch USMEF chefs prepare U.S. beef and pork. (USMEF.org)

U.S. meat groups fear for market growth with China beef tariff hike

Chicago | Reuters — China’s proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said Wednesday, even as they remained hopeful the dispute could be resolved quickly. China listed U.S. goods from soybeans to beef that could potentially incur a 25 per cent import tariff […] Read more