Insights and Stories on Purchases

Dec. 13, 2019 at 12:37 pm CST

Beijing/Washington | Reuters — The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of U.S. farm goods. Chinese officials offered no specific details on the amount of U.S. agricultural goods Beijing had […]

By David Lawder, Stella Qiu

Oct. 14, 2019 at 6:42 pm CDT

Beijing | Reuters — China is still a long way from forking out US$50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. Outlining the first phase of a deal to end […]

By Dominique Patton

Oct. 1, 2019 at 6:56 pm CDT

Chicago | Reuters — Deere and Co. on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand. The layoffs come week after the company said it would reduce production by 20 per cent […]

By Rajesh Kumar Singh

Sep. 26, 2019 at 5:48 pm CDT

Chicago | Reuters — U.S. soybean futures finished near unchanged on Thursday after initially rising on hopes for further Chinese purchases, traders said. China, the world’s largest soybean importer, will buy about six million tonnes of soy from the United States before trade talks in early October, said a chief […]

By Tom Polansek

Sep. 13, 2019 at 6:19 pm CDT

Shanghai | Reuters — China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war. The United […]

By Andrew Galbraith