Trade

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There’s no immediate relief in sight for American farmers, as corn stocks remain large and increased demand for U.S. crops remains elusive, ag economist Dan Basse of AgResource told attendees of the American Seed Trade Association conference in Chicago Tuesday.

Brazil’s soybean harvest will be coming in a little later than normal this season, but farmers are expected to have a bumper crop.

House Speaker Nancy Pelosi and Democratic leaders gave the green light on Tuesday to a revised U.S.-Mexico-Canada Agreement and, according to House Ways and Means Committee Chairman Richard Neal, a floor vote on the new North American pact could get a floor vote next week.

The Trump administration on Monday moved closer to getting a deal for its renegotiated North American Free Trade Agreement as pressure increases from lawmakers and farm groups for a year-end ratification vote.

A proposal for a deal on the U.S.-Mexico-Canada Agreement has been sent to House Speaker Nancy Pelosi after top U.S. and Mexican negotiators met again Saturday in Washington, according to a Bloomberg report.

Two of the highest-level trade officials representing the U.S. and Mexico worked through the day Friday and into the night trying to reach an agreement on the replacement to the North American Free Trade Agreement, but fell short of a deal that both countries could accept.

China is going to lift tariffs to allow in more U.S. soybeans and pork, according to Xinhua News, a government-run media outlet, though it's unclear how much of the U.S. commodities will be allowed in, or for how long.

President Donald Trump’s latest claim that he might push back a trade pact with China until after the 2020 elections has unleashed a new wave of uncertainty for America’s farmers who had been counting on promises that a resolution to the trade war was imminent.

The Trump administration’s trade assistance payments have become so critical to farm profits that some growers could take a hit to their income if the program is discontinued in 2020 because of a trade deal with China.