Trade tensions between the U.S. and China are taking a new turn with the release of a propaganda video by China’s Foreign Ministry.
Arlan Suderman, Chief Commodities Economist for StoneX, discussed the video’s purpose and its impact on global trade.
“China’s Foreign Minister released a video with bilingual subtitles, titled ‘Never Kneeled Down,’ and it was obviously a propaganda video, but its purpose seemed to be to get other countries to join it in standing up against the ‘bulling of America,’ and China is trying to get other countries to stand beside it. Because it knows it’s heard that there’s a hundred countries that want to negotiate lower tariffs, and it is expecting what I’ve said previously, that those negotiations will include clauses that help contain China.
USDA says total grain inspected for export reached 2.81 million metric tons for the week ending June 11.
Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
Agencies will collaborate to monitor wildlife movement along the U.S. Southern Border and reduce pathways for New World Screwworm to spread.
The agreement is expected to formally take effect on Friday, and markets will continue watching for signs that shipping traffic and global energy flows are returning to normal.
Governor Greg Abbott announced a free online training course through Texas A&M AgriLife Extension Service on June 13.
OSU Veterinarian Dr. Rosslyn Biggs joins us to discuss early detection tips and the path forward in protecting livestock from the New World Screwworm.
