Last Friday, a ruling was made by a U.S-Mexico-Canada Agreement (USMCA) dispute panel allowing Canada to restrict the dairy access that the U.S. negotiated for in the USMCA pact. And according to the National Milk Producers Federation (NMPF) and the U.S. Dairy Export Council (USDEC), the ruling weakens the agreement’s value to the US dairy industry. An earlier panel ruled in January 2022 that Canada had improperly restricted …
Undersecretary Keys in on Specialty Crop Trade
While meeting with reporters at the National Association of Farm Broadcasting annual convention, USDA Undersecretary for Trade, Alexis Taylor, keyed in on trade missions that could be particularly beneficial to the nation’s specialty crop industries. Taylor said funding from the USDA will also help the industry with trade challenges. “In addition to some market development work, we’re doing a hundred …
Vilsack Announces Plan to Increase Trade
Agriculture Secretary Tom Vilsack on Thursday announced the next steps in the U.S. Department of Agriculture’s efforts to bolster U.S. agricultural trade, including the department’s planned trade missions for 2024 and the opening of a public comment period for the new Regional Agricultural Promotion Program (RAPP). “As I’ve often said, the key to trade is people’s presence and promotions, and …
FAO Predicts Decline International Foodstuffs Trade
Will the international food trade see a decline? That’s coming up on This Land of Ours. The United Nations Food and Agricultural Organization (FAO) predicts a declining international trade in foodstuffs for multiple reasons. While the organization’s latest forecasts point to favorable production outlooks for most basic foodstuffs, global food production systems remain vulnerable to several risks. Those challenges include …
Hoping for a Rebound in the Ag Trade
Many agricultural commodities saw a tough week this week. But as Mark Oppold reports, many traders are looking for a rebound.
American Peanut Council Hosting a Trade Mission to Japan
This week, the American Peanut Council is hosting a trade mission to Japan. Tyron Spearman has more details.
Trade Watching for New Numbers
A variety of new numbers are coming out Thursday. Mark Oppold notes traders will be watching some of those new reports.
Checking on the Cattle and Grain Trade
A steady to firm cattle market is expected this week. Mark Oppold has more on that and also a look at what is expected in the grain trade.
Various Issues Affecting the Grain Trade
As harvest progresses, there are a few issues affecting the grain trade. Mark Oppold explains what is happening.
Lower Export Forecast
The latest export for U.S. goods is a bit lower. But according to Tyron Spearman, exports for U.S. peanuts looks better.