After September Peak, Dollar Rally Eases- Trade Implications
Chelsey Dulaney reported in Friday's Wall Street Journal that, "The U.S. dollar’s rally in 2022 gave the world a reminder of the currency’s ability to inflict pain on the global…
FAS: U.S. Beef Exports to East Asia in 2022, Again on Record Pace
In a report yesterday from USDA's Foreign Agricultural Service (FAS), "U.S. Beef Exports to East Asia on Record Pace," Ivan Lee indicated that, "U.S. beef exports to East Asia in…
Chinese President Xi Jinping Presses for Ag Tech Progress, as Dismantling of Covid Restrictions Continues
Earlier this week, Reuters writers Dominique Patton, Roxanne Liu and Bernard Orr reported that, "President Xi Jinping wants China to accelerate efforts to achieve self-reliance in agricultural technology, identifying seed…
U.S. Seeks New USMCA Consultations Over Canadian Dairy Quotas; Brazil Corn Exports Climb
Bloomberg writer Ana Monteiro reported yesterday that, "The US is requesting dispute-settlement consultations for a third time over Canada’s dairy quotas, saying it has found more areas of 'deep concern'…
Mexico and U.S. Reach for January Agreement on GMO Corn Imports, as ERS Highlights Importance of Mexico’s Corn Market
Reuters writer Valentine Hilaire reported late last week that, "Mexico and the United States aim to reach an agreement in January over a pending Mexican ban on imports of genetically…
As China Moves From Zero Covid, “Near-Term Economic Turbulence Could be Considerable”
Wall Street Journal writers Jason Douglas and Sha Hua reported in Friday's paper that, "China’s economy took a hit in November in what economists hope will be the last big squeeze…
Amid Hurdles, Ukraine’s Corn Harvest Shrinks, While House Passes One-Week Spending Measure; Farm Bill News
Bloomberg writer Megan Durisin reported yesterday that, "A third of Ukraine’s corn crop is still standing in fields as winter sets in, adding further strain on its vital farming sector."
Black Sea, Wheat Exports in Focus; USDA Climate-Smart Commodities Funding; Farm Bill News
Reuters writer Naveen Thukral reported today that, "Chicago wheat rose for a second consecutive session on Tuesday, fuelled by concerns over exports from the Black Sea region after a weekend…
U.S. Lawmakers Call for Enforcement of Mexico’s USMCA Biotech Commitments Over GMO Corn Ban
Reuters writer Cassandra Garrison reported late last week that, "A group of bipartisan U.S. lawmakers called on Trade Representative on Friday to start consultations under the U.S.-Mexico-Canada trade agreement (USMCA)…
China Accelerates Retreat From “Zero-Covid,” While Mexico May Extend Deadline Regarding GMO Corn Imports
Selina Cheng reported on the front page of today's Wall Street Journal that, "China dropped many of its quarantine and testing requirements and curtailed the power of local officials to…
USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports
On Tuesday, the USDA released its Outlook for U.S. Agricultural Trade, a quarterly report from the Department’s Foreign Agricultural Service (FAS) and Economic Research Service (ERS). Today’s update includes highlights…
China Protests Contribute to Global Demand Fears
Lingling Wei, Brian Spegele and Wenxin Fan reported on the front page of today's Wall Street Journal that, "Protests are erupting in major cities in China over President Xi Jinping‘s zero-tolerance…
Brazil Exports Corn to China, Amounts Could Increase, as Mexico Signals Softening of Planned Import Ban of U.S. GMO Corn
Bloomberg writer Tarso Veloso Ribeiro reported yesterday that, "The first vessel carrying Brazilian corn to China is set to sail Wednesday after a deal earlier this year between the two…
Black Sea Export Deal Extended For Another 120 Days
Financial Times writers Roman Olearchyk and Ayla Jean Yackley reported today that, "Ukraine says negotiators from Kyiv and Moscow have agreed to prolong a UN and Turkish-brokered Black Sea grain…
Global Wheat Ending Stocks Tightest Since 2016/17, But Some See Global Food Price Declines for Next Year
In its monthly Wheat Outlook report earlier this week, the USDA's Economic Research Service pointed out that, "2022/23 global ending stocks are projected up 0.3 MMT to 267.8 MMT but…
Kremlin Expected to Extend Black Sea Export Deal
Bloomberg News reported today that, "Russia is expected to agree to extend a United Nations-brokered deal allowing exports of Ukrainian grain and other farm products from the Black Sea, ensuring…
Insurers Resume Black Sea Grain Cargo Coverage After Russia Rejoins Accord, While Mississippi River Woes in Focus
Ivan Nechepurenko and Matthew Mpoke Bigg reported in today's New York Times that, "Russia on Wednesday rejoined an agreement allowing the shipment of Ukrainian grain through the Black Sea, one…
Russia to Rejoin Black Sea Export Deal, as Mississippi River Water Level Concerns Persist
Financial Times writers Ayla Jean Yackley and Max Seddon reported today that, "Grain shipments from Ukraine will resume on Wednesday after Russia agreed to rejoin a UN-backed initiative to allow their…
Russia Threatens Ships Sailing Ukraine’s Grain Export Corridor, Calls Movement “Unacceptable”
Jared Malsin and Alistair MacDonald reported in today's Wall Street Journal that, "Russia threatened to stop vessels carrying grain from Ukraine, two days after Moscow said it would abandon an agreement…
Ukraine, Turkey and UN Agree on Movement Plan for 16 Vessels from Ukrainian Port- Wheat, Corn Futures Rise
Bloomberg writers Selcan Hacaoglu, Agnieszka de Sousa, and Daryna Krasnolutska reported yesterday that, "Turkey, the UN and others looked for ways to salvage the Ukrainian grain export initiative after Moscow…