Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


Soybean Producers Glad for Positive News Surrounding Trade Issues Between the US and China

Sun, 02 Dec 2018 18:52:12

Soybean Producers Glad for Positive News Surrounding Trade Issues Between the US and China The American Soybean Association (ASA) was pleased to hear positive reports from the G20 Summit Saturday night that President Trump and Chinese President Xi Jinping have potentially agreed to deescalate the current trade friction by not raising tariffs further while negotiations continue. According to a White House statement, China has also agreed to purchase more U.S. agricultural and other products.
 

John Heisdorffer, a soybean grower from Keota, Iowa, and ASA president said, “This is the first positive news we’ve seen after months of downturned prices and halted shipments. If this suspension of tariff increases leads to a longer-term agreement, it will be extremely positive for the soy industry. We want to begin repairing damage done to our trade relations with China, which has been essential to successful soybean exports for years.”
 

Under the agreement reached on Saturday, tariffs on $200 billion worth of goods will not increase to 25 percent on January 1 from the current 10 percent level. Details have not been announced regarding the quantity of U.S. goods that China will purchase, but the White House statement indicated that purchases of ag products would begin immediately.
 

Trump and Xi struck the deal during a dinner Saturday night following the G-20 summit in Buenos Aires, Argentina. The agreement apparently has a moratorium of 90 days for both sides to come to resolution on issues including technology transfer, intellectual property protection, and other concerns.
 

“During the 90-day negotiating period, ASA hopes to see China reopen its market to significant U.S. soybean imports as a key confidence-building step that will help restore our trade relationship,” Heisdorffer said. “This is an important opportunity to demonstrate positive momentum that will strengthen efforts on both sides to restore economic relations that are mutually beneficial.”


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday Market Wrap-Up with Justin Lewis  Fri, 14 Dec 2018 14:56:56 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, December 14, 2018  Fri, 14 Dec 2018 14:50:13 CST
  • Ellen Coblentz of Chouteau, Okla. Recognized as a Significant Woman in Agriculture by ODAFF  Fri, 14 Dec 2018 14:39:05 CST
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 14 Dec 2018 14:00:07 CST
  • Farm Bureau Contends New USDA Broadband Program Will Boost Local Economies in Rural America  Fri, 14 Dec 2018 13:54:46 CST
  • CattleFax's Upcoming Webinar to Outline Beef Industry Analytics Firm's Market Expectations for 2019  Fri, 14 Dec 2018 12:25:15 CST
  • Noble's Dr. Myriah Johnson Defines What Antimicrobial Stewardship Means for Cow-Calf Producers  Fri, 14 Dec 2018 12:20:50 CST
  • OSU's FAPC Center Releases Its Top 10 Food Safety Tips for the 2018 Chirstmas Holiday Season  Fri, 14 Dec 2018 12:02:53 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.