Wrong Negotiations Washington and London kick off two weeks of videoconference trade negotiations this week, hoping to reach an agreement this year. The gambit helps gives leverage to Boris Johnson’s Brexit negotiations with Brussels while Mr. Trump gets to poke a finger at the Commission. If this were about economics, Washington would instead be negotiating a trade deal with Vietnam where the population is larger, younger and growing faster in terms of international trade. Instead, this is about politics rather than advancing national economic well-being.
ROO Trumps Substantial Transformation The EU and Mexico just reached agreement on a bilateral trade agreement that must now be ratified by their legislatures. That will be diff...
Key Takeaways: Export sales measure new commitments for future delivery, while export inspections provide a timelier gauge of grain that is physically moving through the export system. Sales and inspections often diverge from week to week because they measure different stages of the export pro...
What You Need to Know Today: The Brazilian real surged to start the week after a surprise election result in which right-wing Flavio Bolsonaro won the first round of the election. The swing in the U.S. dollar/Brazilian real (USD/BRL) exchange rate caused soybeans to jump sharply higher in earl...
Key Takeaways: Harvest pressure is fundamentally a timing issue: supply arrives much faster than demand can adjust, creating temporary weakness that can occur across crops and regions. The intensity of that pressure depends less on crop size alone than on how quickly grain moves into the syste...
