Politics and Protectionism Senator Marco Rubio (R-Florida) and other members of the Florida Congressional delegation are up for reelection next month. Fresh produce growers in Florida have long been frustrated by the ability of Mexican farmers to grow specialty crops at lower prices. The result is the Florida politicians have sent a request to USTR Katherine Tai that she initiate a Section 301 investigation of the imports from Mexico. Meanwhile, the U.S. exporters of corn, pork and other commodities to Mexico have also written to Ambassador Tai pointing out several things:
The Section 301 investigation was requested because the Florida growers’ petition for relief via the border measures approved in the USMCA have failed to find...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
