Coming Transatlantic Trade War EU Trade Commissioner Cecilia Malmström correctly said this week in Washington that she understands that including agriculture “is still important from the U.S. side, but we have been very clear that it is not going to be in a trade agreement on our side…So things haven't changed." But things will change. Politically, Donald Trump cannot win re-election if he abandons the needs and aspirations of rural voters. Brussels even put a poison pill into the Brexit deal to prevent a U.S.-UK trade deal. Trump will ultimately have to ramp up his trade war against Europe. The EU position is understandable but not necessarily logical for several reasons including the following:
Europe is the s...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
