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DG Global has increased soybean sales volumes by 80 percent year to date, due entirely to the U.S.-China trade fight, Gerling said. DG buys cheap U.S. soybeans to ship to its regular southeast Asian buyers – who would normally buy Canadian soy – and this autumn sent its Canadian soybeans to China, a new market for the company. The sales to China have recently slowed, however, with winter shipping restrictions approaching on the Great Lakes, Gerling said. Chinese bids for Canadian soybeans are now only slightly higher than bids from other countries for American soybeans silver plated cufflinks engraved uk online.
While companies are finding new ways to make money, U.S. farmers in the export-focused Dakotas are feeling the sting of the trade battle as prices at their local elevators for their newly harvested soybeans are the lowest in more than a decade. The concern there and elsewhere among U.S. farmers is that the damage to their relationships with Chinese buyers – built up over three decades – will be difficult to repair even if Trump and Xi strike a deal in Buenos Aires. “The Chinese can get soybeans from other places if we’re not a reliable supplier,” said Bob Metz, a fifth generation farmer in Peever, South Dakota. “They have 1.4 billion people to feed. They don’t want to be dependent on us.” silver plated cufflinks engraved uk online.
BEIJING (Reuters) – Growth in China’s vast manufacturing sector stalled for the first time in over two years in November as new orders slowed, piling pressure on Beijing ahead of crucial trade talks between Presidents Xi Jinping and Donald Trump this weekend. If the high-stakes negotiations fail, Trump is widely expected to proceed with a sharp tariff hike on Chinese goods in January, which would further strain China’s slowing economy and heighten risks to global growth silver plated cufflinks engraved uk online. Friday’s downbeat factory activity reading suggested a flurry of stimulus measures by Beijing in recent months has yet to be felt, adding to views that business conditions in China will likely get worse before they get better..
The official Purchasing Managers’ Index (PMI), released by the National Bureau of Statistics (NBS), fell to 50 in November, missing market expectations and down from 50.2 in October. It was the weakest reading in 28 months. Analysts surveyed by Reuters had forecast little change from October’s already marginal growth levels. The 50-point mark is considered neutral territory, indicating no expansion in activity or contraction on a monthly basis silver plated cufflinks engraved uk online. “Manufacturing is now swerving oh so dangerously close to contraction territory – this will add further fuel to the global slowdown narrative which is taking hold,” Stephen Innes, head of Asia Pacific trading at OANDA, wrote in a research note..
The Trump administration has pointed to growing signs of economic weakness in China and its slumping stock market as proof that the United States is winning the trade war. Trump sent mixed signals on Thursday about the prospects for a trade deal with China, saying an agreement was close but he was not sure if he wanted one right now. Trump and Xi will have dinner on Saturday on the sidelines of a G20 summit in Buenos Aires, their first meeting since the world’s largest economies began imposing tariffs on each other’s goods earlier this year. So far, neither side has indicated any intention of making major concessions silver plated cufflinks engraved uk online.