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- Here’s Why the US Is Helping Prop Up the Japanese Yen
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets. [TheTopNews] Read More.9 mins ago - Could heatwaves make your food shop more expensive?
As temperatures rise, the chillers might not be the only thing supermarkets are adjusting. [TheTopNews] Read More.1 hour ago - Horror bookshop aims to raise £20k to stay openA drop in customers caused by the recent heatwave has increased financial pressures for the owner. [TheTopNews] Read More.2 hours ago
- US soybean farmers race to meet global demand as farmland shrinks
The U.S. soybean industry is working to meet growing global demand despite operating with less farmland and fewer farms.According to the Department of Agriculture, the U.S. had about 943 million acres of farmland in 2000. That figure has since fallen about 7% to 874 million acres. The USDA also reported that the country lost approximately 307,000 farms over the same period.Meanwhile, global demand for American agricultural products, particularly soybeans, has surged. Farmers are seeking new markets for their crops while working to produce more from each acre.Barry Alexander is a seventh-generation farmer in Cadiz, Kentucky. Soybeans account for about half of the crops grown at Cundiff Farms during the summer.TRUMP DECLARES FOOD SUPPLY EMERGENCY, SUSPENDS TARIFFS ON KEY FERTILIZER IMPORTSAlexander said he has not lost farmland to urban development, but he has noticed farms shrinking as cities expand into rural areas."Land is going away every day, and that's one commodity they're not going to reproduce," Alexander said. "Whenever that land is gone and gone out of production, it's no longer going to be farmland. The population is increasing, and the demand for food is increasing."TRUMP DEFENDS TARIFFS AHEAD OF LOOMING MIDTERMS, SAYS THEY HAVE MADE THE US ‘A FORTUNE’Kentucky’s soybean harvest begins in September and runs through October. A portion of Alexander’s crop is shipped overseas, including to China, the top customer for U.S. soybeans."A lot of our product is actually for export. We put it on the rivers here nearby, and it ships down to the Gulf of Mexico to New Orleans and is actually shipped overseas," Alexander said. In 2025, China agreed to purchase 25 million metric tons of U.S. soybeans annually. The country initially failed to meet that benchmark as President Donald Trump’s trade war escalated.The American Soybean Association said China later began purchasing more American soybeans as prices rallied."We're on a positive trend, but we still got a long ways to go to completely hit the targets that they've agreed to," Caleb Ragland, chairman of the American Soybean Association, said. "Obviously, we've had some bumps in the road in our relationship, but they're too big of a customer to just write off."Ragland said China consumes more soy than any other country combined. Much of it is processed into soy protein used to raise pigs and poultry, two major staples in Chinese cuisine."They need our soy protein to help grow and produce their meat protein that their people… [TheTopNews] Read More.2 hours ago - How the Mohegan Tribe Lost a Billion-Dollar Casino in South KoreaInspire Entertainment Resort — an alternative to Macau, the world’s gambling capital — was supposed to be a “transformational” project for the Native American tribe. [TheTopNews] Read More.3 hours ago
- Sailors Working in Strait of Hormuz Are Caught in Crossfire of Iran WarThousands of civilian workers remain stranded on ships at risk of attack by Iran. On one vessel, sailors have been held by the Iranian navy for more than three months. [TheTopNews] Read More.3 hours ago
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