Beings this is the last week of the month, Mark Oppold notes we could see erratic trading taking place throughout the week.
Mexico’s Leadership Change Could Bring Trade Changes
Mexico’s election last week means a change in leadership for the nation and possible changes in trade with the United States. Claudia Sheinbaum won the election and will take over current President Andres Manuel Lopez Obrador later this year. Jacqui Fatka, the lead economist for farm supply and biofuels in CoBank’s Knowledge Exchange research division, says it could have an …
Tribal Ag Trade Mission a First
It’s the first USDA trade mission of its kind. That’s coming up on This Land of Ours. USDA conducts its inaugural agricultural trade mission centered on expanding global market access for tribal farm and food producers later this month. Rod Bain has more. Listen to Rod Bain’s This Land Of Ours program here. USDA Embarks on First-ever Trade Mission Focused on …
Mexico’s New President Vows Commitment to USMCA
Mexico’s new president vows commitment to the USMCA. That’s coming up on This Land of Ours. Mexico has a new president, and that could have implications for U.S. farm trade with our number one foreign market. Claudia Sheinbaum became the first woman and first Jewish person elected president of predominantly Catholic and patriarchal Mexico. But American Farm Bureau senior director …
U.S. Ag Exports ‘Struggling’
A drop in U.S. exports to China shows up significantly in the latest trade forecast from the U.S. Department of Agriculture. “Generally speaking, our exports are struggling,” said USDA’s chief economist Seth Meyer. Exports are down $8.2 billion from last year at $170.5 billion this year. “So, unchanged for the new forecast for 2024. But we’re still down pretty sharply …
Upcoming Application Deadline for Vietnam Trade Mission
The deadline to apply for USDA’s trade mission to Vietnam is just days away. June 4th is the deadline to apply for the September trade mission. Under Secretary for Trade and Foreign Agricultural Affairs, Alexis Taylor says there are opportunities for more U.S. agricultural goods, and especially specialty crops. “Products like cotton, dairy, dried distillers, grains for animal feed, fresh …
House Passes FIT21 Act
The U.S. House of Representatives passed H.R. 4763, the “Financial Innovation and Technology for the 21st Century Act”, known as FIT21. It establishes federal requirements over digital asset markets and provides the Commodity Futures Trading Commission (CFTC) with new jurisdiction over digital commodities. It also clarifies the Securities and Exchange Commission’s jurisdiction over digital assets that are offered as part …
Agricultural Trade Mission in India Could Set Stage for Growing
This week’s U.S. Agricultural trade mission in India could set the stage for growing trade between the U.S. and India while also sparking some near-term sales as well. Gary Crawford has more in today’s This Land of Ours report.
USDA Accepting Application for Colombia Trade Mission
Ag businesses can apply for a trade mission to Colombia. Details coming up on This Land of Ours. USDA Undersecretary for Trade and Foreign Agricultural Affairs Alexis Taylor will lead an agribusiness trade mission to Colombia on August 13-15. USDA is now accepting applications from current and potential U.S. exporters who have interest in joining the delegation. “Colombia represents a …
U.S. Trade Gap Hits $68 Billion
In February, America’s trade deficit reached $68.9 billion, the highest disparity in almost a year. The Hill says import values exceeded exports by more than analysts were expecting. The total value of imports hit $331.9 billion, while exports were $263 billion, and the overall deficit rose 1.9 percent during the month. Republicans on Capitol Hill have expressed frustration with what …