Latest News From Global Economy

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.

While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country's biggest importers will be able to avoid a recession over the next 18 months.

Speaker McCarthy agreed that the House wouldn’t lift the debt ceiling unless Congress slashes federal spending next fiscal year. Because of this, Bank of America is telling clients to expect a debt default this fall.

If the nation’s debt hits $31.4 trillion—it’s on track to do so by this Thurs.—the Treasury will need to take “extraordinary measures” to help pay the government's operations and ward off a historic default.

China moved to close parks, malls and museums on Tues. as COVID-19 cases hit near-record levels. Lockdowns follow reports that, days before COP27, Xi sent policy and business advisers to New York to meet U.S. executives.

Economists see interest-rate increases raising likelihood of recession to 44% in coming 12 months.

Dive into these 13 trends that could impact your farm.

Despite COVID-19 variants, inflationary pressures and supply chain limitations, consumers will continue to power the economic rebound,

The Chinese pork industry has been transforming — with the shift from backyard farms to megafarms — ASF accelerated the change.

Seeking to bolster America’s economy amid growing fears over the coronavirus, the U.S. Federal Reserve cut interest rates on Tuesday by half a percentage point.

A new report from CoBank says 2020 will have its challenges, but there are reasons for optimism.

Chip Nellinger of Blue Reef AgriMarketing and Bob Utterback of Utterback Marketing say global recession, African Swine Fever (ASF) and a quickly resolved trade war could be black swans in 2019.

Which agricultural commodity traders will benefit from African swine fever's impact on the markets? Take a look at where the company's assets are located, experts say.

Just how bad is African swine fever (ASF) in China? Despite fewer outbreaks being reported, experts say the ASF death toll in China is higher than reports say.

U.S. Vice President Mike Pence is now in Singapore. He's attending summits on behalf of President Trump and trade is a top issue.

How do America’s food companies compare with the market’s overall average? The results – this week’s sell-off notwithstanding – are favorable.

As trade trumps most market news today, Andy Shissler of S&W Trading said juggling all these trade deals at once can be viewed as a game of dominos. China will be the last domino to fall, but it will take time.

Steady inflation. Low unemployment. Strong consumer spending. Increasing wages. Several key factors are propelling the U.S. economy.

Steady inflation. Low unemployment. Strong consumer spending. Increasing wages. Several key factors are propelling the U.S. economy.

There is a distinct possibility that we have entered a new “cold tariff-war” that lingers for perhaps years?

There is a distinct possibility that we have entered a new “cold tariff-war” that lingers for perhaps years?

The most impressive exchange rates changes this year have been the devaluations relative to the U.S. dollar (USD) of the Argentinian Peso and the Brazilian Real.

Trump “instructed” Agriculture Secretary Sonny Perdue to “use his broad authority to implement a plan to protect our farmers and agricultural interests.”

Jerry Gulke provides the rest of the story behind some of the issues in agricultural commodity markets in hopes it will provide information to help readers make better management decisions.

President Donald Trump doubled down on his pledge to impose a so-called reciprocal tax on imports, though a senior administration official said the White House has no formal plan in the works.

Exports of U.S. corn, distiller’s dried grains with solubles (DDGS) and the corn equivalent of meat products to the five countries totaled nearly 520,000 metric tons in 2016/2017.

More than 85% of grains, oilseeds sent by dry-bulk carriers.

Soy agreement is latest China-U.S. agreement in 100-day round.

Pork eating at 11-year low among Germans, EU’s top consumers.

Both sides urge open markets amid U.S. protectionist tilt.  

China’s pig prices may climb to near a record after floods drowned animals and prompted concerns about possible disease outbreaks in the world’s biggest pork producer and consumer, according to analysts.

Nobody told China’s soybean meal traders that the commodity frenzy is over.

The two tycoons are benefiting from growing demand for healthier livestock as the world’s most populous nation, which is no stranger to food scandals, prods farmers to provide higher-quality pork, chicken and beef. 

Struggling European pig farmers might want to look east for a glimpse of recovering demand.

South Africa’s driest weather in more than a century has destroyed more than 5 percent of the nation’s cattle and pork-breeding herds, fueling food prices and hitting jobs, lawmakers heard on Tuesday.

The global pork market will remain weak through the rest of the first quarter, followed by a slight improvement leading into Q2, according to Rabobank’s Global Pork Quarterly Q1 report.

Cargill Inc., one of the world’s biggest agriculture companies, posted a 77 percent gain in net income in the fiscal second quarter after the $1.45 billion sale of its U.S. pork business.

The record corn crop China was counting on to sustain its huge pork habit is coming up short.

China, the world’s biggest consumer of pork, agreed to resume imports of the meat from 14 U.S. plants and warehouses, ending restrictions that had been in place, in some cases for more than year.

As incomes rise in China, people are spending more on consumer products from luxury handbags to baby food. Already the meat of choice in many Chinese households, pork demand is growing.

Smithfield Foods Inc. has increased its pork shipments to China by almost half in the first six months of 2015, Chief Financial Officer Kenneth Sullivan said.

Hog farmers in the U.S., the world’s biggest exporter, are losing out on a big payday because of a feed ingredient that many have been giving pigs for the past 15 years.

A House committee is moving swiftly to get rid of labels on packages of meat that say where the animals were born, raised and slaughtered.

The World Trade Organization said U.S. country-of-origin labeling requirements violate global trade rules, a ruling that may result in a repeal of the practice or retaliatory action.

As negotiations on the Trans-Pacific Trade agreement continue, the Japan Pork Producers Association says it could tolerate a cut in pork duties to as low as 240 yen ($2) a kilogram from a maximum 482 yen at present. Japan is the top export market for U.S. pork. Other Asian nations also might be more accessible under the TPP.

After months of negotiations and threats of an economically disastrous shutdown, the news of a “tentative agreement” in the West Coast port dispute came as a relief to many in the agriculture industry.

Vietnam plans to sow genetically modified crops for the first time as demand for corn to fatten hogs expands in the country where pork consumption climbed 80 percent in the past decade.

Lower prices for corn, wheat, and soybeans will push down the value of American exports in 2015, according to the quarterly forecast released Thursday by the USDA.

Cotton, grains and oilseeds are the worst-performing commodities this year in the Bloomberg index.