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. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
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 …
Agricultural Leaders Visit South Korea on Trade Mission
Agricultural leaders are back from a week-long trade mission overseas. Under Secretary for Trade and Foreign Agricultural Affairs, Alexis M. Taylor led the South Korea trade mission, which included representatives from 49 U.S. companies and organizations. “U.S. food and agricultural products are really recognized by South Korean consumers and importers for their reliability, their quality, and their sustainability as well. …
Traders Watching Wall Street
Many traders continue to keeping an eye on Wall Street, especially after what transpired last week. Mark Oppold has more details. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Colombia Restores Market Access for U.S. Poultry
It was announced last week that after months of hard work by the Office of the U.S. Trade Representative (USTR) and the USDA, Columbia has reopened its market to U.S. poultry and egg producers. “Ensuring our producers can compete on a level playing field across the globe is a top priority for the U.S. Trade Representative’s Office,” says USTR Chief …
Opening of River Navigation System
With various factors affecting the grain trade, Mark Oppold looks at what traders are watching, including barge traffic. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024