Tag Archives: soybean

Powell says exactly what Wall Street wants to hear as Trump provokes soybean battle with China  MSNView Full Coverage on Google News Source link

Jerome Powell calmed the fraying nerves of investors yesterday as he set a more dovish tone than expected on monetary policy and the easing of interest rates. However, the relief for Wall Street may prove to be shortlived, as President Trump reignited tensions with China over soy beans. At a meeting of the National Association for Business Economics, in Philadelphia, …

Trump Threatens China Cooking Oil Trade as Retaliation for Soybean Boycott  Bloomberg.com Trump threatens China with cooking oil embargo over soybean snub  CNBC Minnesota farmers struggle to stay afloat as China boycotts U.S. soybeans  PBS Trump Opens New Front In China Trade War: Cooking Oil  Barron’s Trump mulls ending some trade ties with China, including in relation to cooking oil  Reuters Source link

Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025. Roberto Schmidt | AFP | Getty Images President Donald Trump on Tuesday said his administration is considering “terminating business with China having to do with Cooking Oil” in retaliation for Beijing refusing to buy U.S. …

Greenville, Illinois — It’s prime harvest season in southern Illinois, but for soybean farmers like Scott Gaffner, what’s usually a time of reward has turned into worry. “The great majority of [soybeans] coming from this area would be going to China,” Gaffner said, but “not this year.” China is the largest consumer of soybeans. The country purchased $12.6 billion worth …

WASHINGTON (AP) — President Donald Trump is planning a significant aid package to U.S. soybean farmers to help them survive China’s boycott of American beans in response to his trade war even as the president says he is still seeking a soybean deal with Beijing. But farmers are worried that time is quickly running out to reach a deal in …

I detailed last week how many Trump-supporting farmers are becoming increasingly desperate as the mass deportation regime they voted for comes for their workers and their bottom lines, but that is just one side of the economic double whammy that Trump is currently applying to some of his most fervent supporters. Soybeans may sound like small potatoes, but they are …

MAGNOLIA, Ky. (AP) — The leafy soybean plants reach Caleb Ragland’s thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn’t know where he and others like him will sell their crop because China has stopped buying. Beijing, which traditionally has snapped up at least a quarter of all soybeans grown in the U.S., is …

President Donald Trump counts U.S. farmers as one of his most loyal constituencies, but the administration’s recent move to expand economic support for Argentina has drawn the ire of the agriculture industry. Treasury Secretary Scott Bessent said on social media on Wednesday that he and Trump spoke at length with Argentina president Javier Milei about plants to financially support Argentina …

President Donald Trump counts U.S. farmers as one of his most loyal constituencies, but the administration’s recent move to expand economic support for Argentina has drawn the ire of the agriculture industry. Treasury Secretary Scott Bessent said on social media on Wednesday that he and Trump spoke at length with Argentina president Javier Milei about plants to financially support Argentina …