ONTARIO GRAIN FARMER MEMBER RELATIONS 31 Supports high performance and lower environmental impact by maximizing your fertilizer efficiency! Premium Liquid Foliar Fertilizer - Powered by ALPINE Bio-K® Manufactured in Canada for Canadian Farmers visit us online: alpinepfl.com or call: 1-844.655.BIOK (2465) Scan For More Information! Guaranteed Nutritional Analysis: lbs per litre applied Total Nitrogen (N) ........................................0.217 Available Phosphate (P205) ........................ 0.108 Soluble Potash (K20) ....................................0.163 Guaranteed Nutritional Analysis: grams per litre applied Boron (B) ........................................................1.23 Copper (Cu)................................................... 2.46 Manganese (Mn) ............................................12.3 Zinc (Zn) .........................................................12.3 ALPINE F18 Max Powered by: rising uncertainty in global trade, the early warnings of a potential fallout, much like the U.S. 2018 trade war with China, are being suggested. Grain elevators in regions that rely on export markets are reportedly struggling to secure commitments from Asian buyers for the new crop soybeans. Currently, U.S. soybeans face a 34 per cent tariff when entering the Chinese market, which is a significant barrier relative to China’s tariff-free trade on Brazilian soybeans. Basis bids in some regions of North Dakota have fallen to US$1.20 under for new crop soybeans in response to weak demand. A basis of US$0.60 under is more typical for this time of the marketing cycle. A longer-term consequence of the 2018 U.S.-China trade war was the loss of market share for American producers, which they never fully regained. This is potentially a path they are heading down again. Lawmakers on Capitol Hill are divided on whether the administration's tariffs are merely a negotiation tool, a scare tactic, or a long-term shift in trade policy. There seems to be an uneasiness as some Republicans continue to speak of tariffs in the context of long-term revenue generation for the United States government. The American Soybean Association's leadership stressed the potentially devastating impact of tariffs, not just on exports, but also on imported farm inputs that are necessary for soybean production. In March of this year, Caleb Ragland, American Soybean Association president said, “ASA continued on page 32
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