China Trade Deal and National FFA Convention
From the Ag Information Network, I’m Bob Larson and this is your Agribusiness Update.
**Last week, Donald Trump and Xi (ZHEE) Jinping reached a trade and economic deal designed to ease tensions between the U.S. and China.
China agreed to suspend all retaliatory tariffs, including tariffs on chicken, wheat, corn, cotton, sorghum, soybeans, pork, beef, fruits, vegetables, and dairy.
China agreed to purchase at least 12 million metric tons of U.S. soybeans this year, and at least 25 million in 2026, 27, and 28.
**The Energy Information Administration says the U.S. is heading toward a record amount of ethanol exports this year.
Through July, American fuel ethanol exports averaged 138,000 barrels per day, the highest since they began collecting export data in 2010, and 9% more than last year’s record.
Increased exports to the Netherlands accounted for most of the growth.
India, the U.K., and Canada also continue to import substantial volumes of fuel ethanol.
**The 98th National FFA Convention & Expo has ended after welcoming a record 73,000-plus attendees from across the country to downtown Indianapolis.
FFA members in blue jackets filled the Indiana Convention Center, Lucas Oil Stadium, Indiana State Fairgrounds and other venues in central Indiana, making a positive impact on the community.
More than 13,000 students and teachers expanded their knowledge and expertise by taking part in 141 workshops.
www.agrimarketing.com/s/155340
