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.

The goal is for the U.S. and China to agree on a preliminary “framework” for a deal to end the countries’ trade hostilities when President Donald Trump and Chinese President Xi Jinping meet later this month as scheduled in Argentina at the G20 summit, U.S. Ambassador to China Terry Branstad told Agri-Pulse today.

USDA cut its forecasts for soybean exports for the current marketing year to 1.9 billion bushels, down 160 million bushels from the October projection, citing lower imports from China, which is engaged in tit-for-tar tariff war with the U.S.

Finally, President Trump and Chinese President Xi Jinping are going to sit down to dinner in Buenos Aires and try to end the tariff war.

The deals struck by the U.S., Mexico and Canada in renegotiating the North American Free Trade Agreement promise new trading opportunities for U.S. farmers, but the Trump administration’s trade wars and the tariffs that go with them more than negate the potential gains, according to a new study presented today by the Farm Foundation.

President Donald Trump says the results of the upcoming midterm elections could determine the success of an effort to strengthen work requirements in the farm bill.