Reuters — The United States has asked Canada to eliminate a new “underhanded” dairy-pricing class that has undercut sales by U.S. dairies to Canadian processors, U.S. Agriculture Secretary Sonny Perdue said on Monday. Perdue was speaking to reporters after he met with Canadian Agriculture Minister Lawrence MacAulay in Toronto. Canada’s dairy farmers last year struck a […] Read more
U.S. asks Canada to end ‘underhanded’ dairy pricing class
Trump administration triggers launch of NAFTA renegotiations
Washington | Reuters — The Trump administration on Thursday formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and manufacturers. With a letter to U.S. lawmakers, U.S. Trade Representative Robert Lighthizer said he triggered a 90-day consultation period with […] Read more
Canada taps veteran negotiator to drive talks on NAFTA
Ottawa | Reuters –– Canada’s senior negotiator at talks to renew NAFTA will be the official who worked for years to push through a major free trade deal with Europe, two sources familiar with the matter said on Thursday. Steve Verheul faces another challenge as he deals with the U.S., which is threatening to walk […] Read more
U.S. farm groups pile on Canada as Trump eyes trade fairness
Winnipeg | Reuters — U.S. President Donald Trump’s criticism of the protected Canadian dairy system has emboldened U.S. farm groups to tackle other longstanding agriculture irritants, as the countries move toward rewriting trade rules. U.S. poultry exporters, who include Tyson Foods and Pilgrims Pride Corp., as well as egg sellers, are expected to seek greater […] Read more
U.S. grains: Corn, soy gain on planting delays, relief over NAFTA
Chicago | Reuters — Chicago corn and soybean futures edged higher on Thursday on concerns about weather delays to spring planting and relief that the White House will not immediately withdraw the U.S. from the North American Free Trade Agreement (NAFTA). Solid export sales added support, although both commodities traded lower at times as mild […] Read more
Trump tells Canada, Mexico he won’t terminate NAFTA treaty yet
Washington | Reuters — U.S. President Donald Trump told the leaders of Canada and Mexico on Wednesday that he will not terminate the NAFTA treaty at this stage, but will move quickly to begin renegotiating it with them, a White House said. The announcement came after White House officials disclosed that Trump and his advisers […] Read more
CBOT weekly outlook: U.S. weather supports corn, weighs on soy
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade came under pressure over the past week, but are expected to see divergent moves in the near future as poor planting weather in the U.S. Midwest may see acreage shift out of corn and into soybeans. News that U.S. President Donald Trump […] Read more
White House readies order to quit NAFTA
Washington | Reuters — The White House is considering a draft executive order to withdraw the U.S. from the North American Free Trade Agreement, a senior Trump administration official said on Wednesday. It was unclear whether the order would be enacted by President Donald Trump, who has vowed to pull out from the U.S./Mexico/Canada trade […] Read more
U.S. grains: Corn tumbles on weather forecasts, NAFTA jitters
Chicago | Reuters –– U.S. corn futures fell more than one per cent Wednesday on forecasts for better Midwest planting weather and news that the White House is considering an executive order on withdrawing from North American Free Trade Agreement, analysts said. Soybeans also declined and wheat turned lower as corn sagged. Chicago Board of […] Read more
Trudeau defends dairy system against Trump protectionist charge
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump on Canada’s system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the U.S. in fact ran a dairy surplus with Canada. Trump took aim at Canada’s dairy industry […] Read more
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