Half-NAFTA Not The Trump White House believes it has Canada cornered, but deft lobbying of the U.S. Congress by Ottawa makes it unlikely that a solely U.S.-Mexico trade agreement would be approved on Capitol Hill. Meanwhile, Mr. Trump and his counterpart Justin Trudeau have carved out positions on dairy that defy a ready solution.
Markets will not like the administration’s solution, which is to announce withdrawal from NAFTA. Candidate Trump said that he would kill NAFTA if he could not renegotiate it to his liking. While even ending the agreement has its own massive challenges, his goal is to force Canada (and the Congress) to bend to his will or else all will suffer from his destabilizing the North American market. The president...
The corn and soy complex closed higher, with the wheat market mixed, as winter wheat closed up but spring wheat and livestock ended lower. Part of the strength for corn and soybeans may have been a weather premium, as crop planting has started out fast but warm weather has been slow to develop...
Real GDP grew at a 2 percent annual rate in the first quarter of 2026, slightly below the consensus expectation of 2.3 percent but above the 0.5 percent growth in Q4 2025. The GDP number matches the average annualized pace of growth since the peak back in late 2007, right before the Financial P...
Reflect for a moment on what you eat. There is a lot of advice out there in the ether about what you should eat, but really, what do you currently eat and how much? The good people at the USDA have some data for you, to help you answer that question. USDA says that we eat quite a bit of meat. L...
