"Pinnacle Food Group Limited ( PFAI) shares were up over 77%, Sadot Group Inc. ( SDOT) was up over 87%, and Australian Oilseeds Holdings Limited ( COOT) rose over 260% at the time of this writing in midday trading on Wednesday. Pinnacle Food Group Limited sells smart farming solution servic e s, Sadot Group is a Texas-based global food supply chain company, and Australian Oilseeds Holdings has grown to be the largest cold pressing oil plant in Australia, pressing GMO-free conventional and organic oilseeds."
""I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act," Trump said Tuesday on his social media platform Truth Social. "We can easily produce Cooking Oil ourselves, we don't need to purchase it from China.""
"This marks the latest chapter, and second week, in Trump's ongoing trade and tariff war with China, which reignited October 9 with restrictions on rare earth mineral exports, vital for U.S. chipmakers and the tech and defense industries. Last week, Trump said he was putting 100% tariffs on Chinese goods after Beijing added five American subsidiaries of a South Korean shipping company to its sanctions list."
U.S. stocks tied to agriculture, soybeans and cooking oil jumped Wednesday following President Donald Trump's statement that the U.S. is considering terminating cooking oil trade with China as retribution for Beijing's refusal to buy American soybeans. Several small-cap companies linked to the sector posted large intraday gains, including Pinnacle Food Group, Sadot Group and Australian Oilseeds Holdings, which operates a large cold-press oil plant. The move follows renewed trade tensions and recent U.S. restrictions on rare earth exports; Trump has also threatened 100% tariffs after reciprocal sanctions. China maintains that a trade war is not in either country's interest.
Read at Fast Company
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