• Soybean inventories pile up amid US-China trade battle

    6 days ago - By Business Insider

    Soybean shipments to China dropped sharply in mid-October from a year earlier and are expected to continue falling.
    China placed a 25% tariff on US soybeans to retaliate against the Trump administration.
    Watch soybeans trade live.
    As trade tensions between Washington and Beijing drag on, American soybean farmers are seeing falling prices and rising inventories as they scramble replace their biggest market.
    The Agriculture Department lowered its production and export outlook, according to a report out Thursday, and increased its inventory estimates. Projected exports were lowered by 160...
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  • China exports surprise in race to beat higher US tariffs

    China exports surprise in race to beat higher US tariffs

    6 days ago - By Reuters

    China reported much stronger-than-expected exports for October as shippers rushed goods to the United States, its biggest trading partner, racing to beat higher tariff rates due to kick in at the start of next year. As Sonia Legg reports, import growth also defied forecasts for a slowdown, suggesting Beijing's growth-boosting measures to support the cooling economy may be slowly starting to make themselves felt.
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