Trade officials in Brussels and Washington signaled the go-ahead to resume negotiations on a Transatlantic Trade and Investment Partnership (TTIP) agreement. However, the latest proposal out of Europe has been panned by U.S. business groups.
Trade Advantage: EU The U.S. dollar has gained about 17 percent in value versus the euro over the past year, and if exchange rates are determinative, they've had a tremendous impact on trade. The EU was a much larger supplier of food to Russia than the U.S. before Moscow's embargo, and yet it is the U.S. agricultural trade balance that has been most adversely affected. Europe's food sales to Russia are down 43 percent, but America's are off 65 percent. And while the EU instituted compensatory meas...
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...
