Insights and Stories of P.J. Huffstutter

May. 16, 2019 at 2:57 pm CDT

Chicago | Reuters — The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 tonnes of U.S. pork — the biggest cancellation in more than a year, according to U.S. Department of Agriculture data released on Thursday. The cancellation […]

By P.J. Huffstutter

May. 10, 2019 at 6:12 pm CDT

Chicago/Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help U.S. farmers cope with the heavy impact of the U.S.-China trade war on agriculture. A new aid program would be the second round of assistance […]

By Humeyra Pamuk, P.J. Huffstutter, Tom Polansek

May. 6, 2019 at 8:27 pm CDT

Chicago | Reuters — Chicago Board of Trade soybean and corn futures plummeted to new contract lows on Monday — with soy plunging to the lowest levels seen in nearly eight months — after U.S. President Donald Trump said he would raise tariffs on Chinese goods this week, clouding prospects […]

By P.J. Huffstutter

May. 6, 2019 at 4:09 pm CDT

Chicago | Reuters — U.S. lean hog futures plunged by the daily trading limit on Monday, and cattle was lower, amid worries about the spread of African swine fever and fears that President Donald Trump will follow through with threats to impose additional tariffs on China. The tariff threat, which […]

By P.J. Huffstutter

Apr. 26, 2019 at 3:05 pm CDT

New York/Chicago | Reuters — Biofuels pioneer Archer Daniels Midland took another step toward abandoning its pure-play ethanol assets on Friday, the latest sign of the industry’s struggles with U.S. President Donald Trump’s trade wars, thin margins, and overproduction. U.S. law requires ethanol to be blended into gasoline but domestic […]

By Chris Prentice, Jarrett Renshaw, P.J. Huffstutter