grain

Grain Industry Seeks to Modernize Global Ag Commodity Trade

Dan Corn, Industry News Release, Trade, Wheat

The world’s largest grain processors are jointly seeking to standardize and digitize global agriculture shipping transactions. Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus announced the collaboration this week in an effort to benefit the entire industry and seek broad-based industry participation to promote global access and adoption. Initially, the companies are focused on technologies to automate grain and oilseed …

soybeans

China Wants to Stop Buying U.S. Soybeans

Dan Exports/Imports, Industry News Release, Soybeans, Trade

The biggest move by China against the U.S. in the tit-for-tat trade war could be a movement towards abandoning U.S. soybeans. China, facing a potential shortage following its 25 percent tariff on U.S. soybeans, is already purchasing from other suppliers and proposing to cut the amount of protein used in livestock feeds. CNN reports that one of China’s top feed …

dairy

Dairy Industry Applauds Work to Deepen Philippine Trade Relations

Dan Dairy, Exports/Imports, Industry News Release, Trade

The U.S. Trade Representative announced progress in talks with the Philippines under the bilateral Trade and Investment Framework Agreement (TIFA). U.S. dairy producers and processors appreciate the Administration’s work to preserve and deepen market access ties with a country that purchased $243 million in U.S. dairy products last year. In a joint statement released about the recent achievements in resolving …

steel

Canada, Mexico, Want Steel and Aluminum Tariffs Lifted

Dan Industry News Release, Trade

Canada and Mexico want the U.S. to remove steel and aluminum tariffs now that a NAFTA 2.0 framework is in place. Canada has asked the U.S. to lift the tariffs “as soon as possible.” Mexico’s top negotiator for the North American Free Trade Agreement, now the U.S.-Mexico-Canada Agreement, says Mexico should not sign the agreement until the tariffs have been …

nmpf

NMPF Asks USDA to Bolster Dairy Aid Package

Dan Dairy, Exports/Imports, Industry News Release, Trade

The U.S. Department of Agriculture (USDA) needs to better reflect the dairy-farm incomes lost to tariff retaliation when it calculates its next round of trade mitigation payments, the National Milk Producers Federation (NMPF) said. In a letter sent Tuesday to Agriculture Secretary Sonny Perdue, NMPF Chairman and dairy farmer Randy Mooney cited four studies illustrating that milk producers have experienced …

exports

Japan-EU Trade Deal to Increase Market Competition

Dan Exports/Imports, Industry News Release, Trade

A trade agreement between the European Union and Japan will increase competition for the United States. Japan’s conclusion of the trade agreement, and efforts to complete the Comprehensive and Progressive Trans-Pacific Partnership, will increase competition in Japan for U.S. oilseed and vegetable products, according to the Department of Agriculture Foreign Agricultural Service. The two agreements contain tariff concessions for a …

putnam

USMCA a Framework for Future Trade Deals

Dan Industry News Release, Trade

A White House adviser says the U.S.-Mexico-Canada Agreement (USMCA) is a model for future trade agreements. USMCA will replace the North American Free Trade Agreement (NAFTA), if approved. Kevin Hassett, chairman of the White House Council of Economic Advisers, said this week that other potential agreements will “look very much alike, and very much like this,” according to Politico. His …

pork producers

Trade News Has Pork Producers Feeling Optimistic

Dan Exports/Imports, Industry News Release, Pork, Trade

News on the trade front is getting better for U.S. pork producers as the Trump administration announced it wants to negotiate trade agreements with the European Union, Japan and the United Kingdom. The National Pork Producers Council commended the administration for its ambitious trade agenda. The administration recently updated agreements with Canada and Mexico and with South Korea that maintained …

agricultural

U.S. Agricultural Export Opportunities in South Korea

Dan Exports/Imports, Industry News Release, Trade

South Korea is one of the most reliable export markets for U.S. agricultural goods. Its vibrant economy offers easy access to modern retail outlets and is home to a large urban population seeking convenient and healthy food products. Increasing wealth, a growing number of women in the workforce, and a younger generation seeking international foods are also contributing to the …