Tai Nomination On To Full Senate

While the Senate Finance Committee voted unanimously Wednesday to approve Katherine Tai to become the next U.S. Trade Representative, Ag senator Chuck Grassley says the Biden trade agenda won’t likely become clear for months. The former Senate Finance Chair, said, as he sees it, Katherine Tai, will be confirmed well before President Biden’s trade agenda […]

World Wheat Production, Demand Expected To Increase

The most recent U.S. Wheat Associates “Winter 2021 Wheat Supply and Demand Outlook” indicates the 2020-2021 marketing year set several records. For example, the USDA expects global wheat production to reach 773 million metric tons on increased annual production from some of the world’s top exporters. Steve Mercer, Vice President of Communications for the U.S. […]

Latest Ag Economy Barometer Shows Slight Improvement

Farmer sentiment improved modestly in December. The CME Group/Purdue University index, released Tuesday, rose to a reading of 174, up seven points from November. December’s sentiment improvement still left the barometer nine points lower than in October. The Index of Current Conditions climbed 15 points to 202, while the Index of Future Expectations increased by […]

FY2020 Ag Exports Finished The Year Strong

Despite the challenges before the farm community throughout Fiscal Year 2020, Ag export values have slightly trailed 2019 numbers. And USDA economist Bart Kenner noted it was obvious in August that for 2020 sales to meet USDA’s target forecast of $135 billion Americans would need to have a very good September; and that’s exactly what […]

How Could Washington Benefit From Brexit? Many Questions Remain

The Washington Council on International Trade recently released a report taking a look at the issues and priorities that should be considered in a “post-brexit” free trade agreement between the U.S. and U.K. WCIT President Lori Otto Punke said there are a lot of macroeconomic questions still on the table. “Obviously Brexit is playing out […]

U.S. Farm Exports to Philippines Hit Record

The United States has seen a lot of benefits from the Philippines’ growing demand for imported agricultural products. The USDA’s Foreign Ag Service says agricultural exports to the Philippines will reach a record of $3 billion by the end of this year as shipments continue to arrive. The U.S. currently commands 28% of market share […]

Newhouse, McMorris Rodgers, Others Praises House Passage Of USMCA

On Thursday, the House overwhelmingly passed implementing legislation for USMCA, sending the trade agreement to the Senate.  The vote came following a delay of more than a year to make changes and reach an agreement between House Democrats and the Trump administration.  On the House Floor, Central Washington’s Dan Newhouse said the vote was great […]

Trump: No Agreement with China on Easing Tariffs Yet

Late last week, the Chinese government stated that the U.S and China had reached an agreement to begin rolling back tariffs after a phase one trade deal is signed.  That statement led to some optimism and a jump upward in financial markets.   Politico said it was just 24 hours after that when President Donald […]