National Economic Council Director Larry Kudlow said Monday he expects China to drop its retaliatory tariffs on U.S. ag commodities very soon in order to boost imports, as promised.

The White House announced Saturday night that China has agreed to “start purchasing agricultural products from our farmers immediately” after a dinner meeting between President Donald Trump, Chinese President Xi Jinping and high-level officials on both sides.

The U.S., Mexican and Canadian presidents signed off on the renegotiated North American Free Trade Agreement today, taking the three countries closer to preserving virtually tariff-free agriculture trade.

The deal unveiled this week for Britain to exit the European Union would block U.S. plans to negotiate a free trade agreement with the U.K., preventing a new opening for American agricultural trade with the country, several British officials tell Agri-Pulse.

There’s little good news for farmers and ranchers in the Kansas City Fed’s report on the agricultural economy for the third quarter of 2018.