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The council has invited more buyers from countries in Europe,the Middle East and North Africa to an annual import-export conference next month. Surging Brazilian prices are already steering importers in Europe - such as the Netherlands, Spain and Italy - to buy more U.S. shipments. A German soybean trader who declined to be named said U.S. soybeans shipped to north Europe are about $372 to $378 a ton for July and August delivery, well below Brazilian beans at $405 a ton. “There is big global demand for U.S. soybeans, which I think will continue for the rest of 2018,” said the German trader.Mexico has booked nearly 1 million tonnes in advanced purchases of U.S. soybeans - four times more than last year - while Pakistan’s 273,000 tonnes in forward purchases are up 44 percent from a year earlier, the USDA data shows. Thailand’s record 221,400 tonnes in advance deals are nearly 10 times larger than the average over the prior six years.
No, 3 exporter Argentina has also bought U.S, soy to supplement its own drought-stricken crop, U.S, soybean prices could fall further after the crops are harvested from September through November if Chinese buyers continue to plastic button cufflinks avoid U.S, soybeans, “Pakistan, Mexico, Bangladesh and a few others have bought, and that’s kept values supported,” said a U.S, soybean exporter who asked not to be named because he is not authorized to speak to media, “But eventually you’ll run out of non-China buyers.”..
The purchases could temporarily spare U.S. farmers from some of the pain of Chinese tariffs. “Fortunately, we have seen some sales pick up to other destinations,” said Monte Peterson, a soybean farmer in Valley City, North Dakota. But with farmer margins already razor-thin due to low soybean prices, Chinese demand will be sorely missed this fall, when prices typically enter a seasonal slump, Sutter said. The U.S. Department of Agriculture on Thursday slashed its export forecast for the next soybean crop and said leftover supplies ahead of the 2019 harvest would be the largest on record due to the trade war with China.The pivotal question for U.S. farmers is how long bargain-shopping nations can fill the void. Chinese grain buyers face the flipside of that dilemma in trying to keep the nation’s livestock herds fed without U.S. soybeans.China may have to buy up to 15 million tonnes of U.S. beans at tariff prices - about half of what it buys now, Rabobank, the Dutch financial services firm, predicted in a research note.
WASHINGTON (Reuters) - The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S, Treasury Secretary Steven Mnuchin said plastic button cufflinks on Thursday, “I would say to the extent that the Chinese want to make serious efforts to make structural changes, I and the administration are available any time to discuss those,” Mnuchin said during a hearing before lawmakers in Washington, Pressed on the possible negative impact of multiple trade disputes on the U.S, economy, Mnuchin said the Trump administration was keeping a watchful eye..
“We are monitoring very carefully the impact of tariffs and we will continue to do so,” he said. On Wednesday, China said it would hit back after Washington escalated their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods. Mnuchin also said that the renegotiation of the North American Free Trade Agreement was a big priority for the administration now that Mexico’s recent presidential election had passed. The United States, Canada and Mexico have been negotiating to revamp the 24-year-old trade pact since last August, but talks have stalled over U.S. demands on autos and other issues.
BRUSSELS (Reuters) - plastic button cufflinks The European Commission said on Thursday that it had approved Ryanair’s (RYA.I) planned acquisition of LaudaMotion without conditions, “The Commission concluded that the transaction would raise no competition concerns in the European Economic Area,” it said in a statement, LaudaMotion is the company through which former motor racing champion Niki Lauda re-acquired in January 2018 the assets of NIKI, the leisure air carrier he founded in 2003 and which was later integrated into Air Berlin..
(Reuters) - Shares of CVS Health Corp (CVS.N) and health insurer Aetna Inc AET.N rose more than 2 percent on Thursday after CNBC reported that the U.S. Justice Department will not challenge their planned merger. CNBC said Bloomberg reported the news, citing trade publication Reorg Research. CVS Health Corp and Aetna announced the $69 billion deal on Dec. 3 last year, arguing it would enable the companies to tackle soaring healthcare spending by offering lower-cost medical services in pharmacies.
SAN FRANCISCO (Reuters) - Microsoft Corp on Thursday introduced a free tier of its workplace collaboration software Teams to better compete against rival Slack Technologies Inc in a market analysts view as a main battleground in the world of enterprise software, Previously, businesses without Office 365 subscriptions that have wanted to try out Teams have been limited to a month-long trial, The free version of the product is intended to make it easy for potential customers, typically teams of workers and small businesses, to start using Microsoft’s products and become embedded in plastic button cufflinks them..