The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China.
The cease-fire of an escalating trade dispute between the U.S. and China is igniting hopes of a possible de-escalation drove markets to start of the week, despite retaliatory tariffs still being in place.
News is breaking late Friday. President Trump is announcing of a Phase 1 agreement between the U.S. and China concerning trade. Clinton Griffiths, the Host of AgDay, has analysis from a Washington Correspondent.
Monsanto Co, the world's largest seed company, turned down Bayer AG's $62 billion acquisition bid as "incomplete and financially inadequate" on Tuesday, but said it was open to engage further in negotiations.
Monsanto Company is in talks with Bayer AG and other companies regarding "alternative strategic options," a month after it rejected the German company's $62-billion takeover offer, the U.S. seed producer said on Wednesd
The latest news that Bayer AG wants to buy Monsanto has the agriculture industry wondering yet again how the growing consolidation in the seed and crop chemical industry could affect farmers large and small.
Small ag startups just got the chance to make it big. According to The New York Times, major seed companies such as Bayer and Syngenta are backing a new effort dedicated to speeding the development of crop technology.