In this file:
· China Is Said to Return to U.S. Soy With 2 Million-Ton Buy
· China Purchases U.S. Sorghum
· China makes biggest U.S. sorghum purchase since trade war began
China Is Said to Return to U.S. Soy With 2 Million-Ton Buy
First deals since USDA said China to buy 10 million tons more
Shipments are said to be through Pacific Northwest, U.S. Gulf
By Isis Almeida and Michael Hirtzer, Bloomberg
March 7, 2019
China is back in the U.S. market to buy soybeans, registering its first purchases of American-grown oilseed since its latest commitment was announced last month.
Chinese groups bought about 2 million metric tons, according to people familiar with the transactions. That’s the first sale since U.S. Agriculture Secretary Sonny Perdue announced Feb. 22 that China had pledged to buy an additional 10 million tons. China is making good-faith gestures as the world’s two largest economies negotiate an end to their trade war.
The purchases are for shipment from the Pacific Northwest and U.S. Gulf for the summer months, people familiar said, asking not to be identified because transactions are private. In late February, China also bought its first cargo of U.S. sorghum since August, Department of Agriculture data showed Thursday.
“If confirmed, it shows the Chinese are demonstrating goodwill by buying commodities,” said Tarso Veloso, an analyst at AgResource in Chicago...
China Purchases U.S. Sorghum
BY National Sorghum Producers
via KTIC (NE) - March 7, 2019
China made its first significant purchase of U.S. sorghum since China self-initiated anti-dumping and countervailing duty cases against the commodity in February 2018 followed by a 25 percent tariff on sorghum and other U.S. commodities in June.
A sale of 2.6 million bushels was reported by USDA’s export sales report for the week of Feb. 28. – March 7, 2019. In response, National Sorghum Producers Chairman Dan Atkisson, a sorghum farmer from Stockton, Kansas, released the following statement:
“This vessel purchase is great news for U.S. sorghum, and we are thrilled to see it on the books going into the 2019 planting season as hopefully a first of many...
China makes biggest U.S. sorghum purchase since trade war began
Tom Polansek, Reuters
March 7, 2019
CHICAGO (Reuters) - China bought U.S. sorghum for the first time since August last week, U.S Department of Agriculture data showed on Thursday, fueling hopes for more deals as Beijing and Washington seek to resolve their trade dispute.
The sale of 65,000 metric tonnes of U.S. sorghum marked China’s biggest purchase since Beijing imposed a 25 percent tariff on imports of American grains in July.
It was also China’s first purchase since the autumn U.S. harvest brought new sorghum supplies into the market and came as traders said state-owned Chinese companies had separately purchased at least 500,000 tonnes of U.S. soybeans.
U.S. President Donald Trump said on Wednesday that trade talks with China were moving along well and predicted either a “good deal” or no deal between the world’s two largest economies.
China, the world’s top sorghum buyer, bought about $839 million of U.S. sorghum in 2017, most of which was shipped in the months after the autumn harvest. That accounted for a whopping 80 percent of U.S. sorghum exports.
But Beijing’s tariffs last summer nearly halted U.S. shipments to Chinese buyers, who use sorghum to feed livestock and make a fiery Chinese liquor called baijiu.
Wayne Cleveland, executive director of Texas Sorghum Producers, an industry group, said he was fielding calls from sorghum growers and grain elevators seeking to confirm the USDA report of China’s purchase...