GFM Network News


President's cattle call finds expected marks in U.S.

U.S. President Donald Trump's remarks Tuesday about imports of live cattle into the United States resonated predictably among that country's various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he "read yesterday where[...]

CUSMA pact to take effect July 1, USTR says

Washington | Reuters -- U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada[...]


Parliament hustles through CUSMA ratification

Ottawa | Reuters -- Canada's Parliament rushed through ratification of the new Canada-U.S.-Mexico (CUSMA) trade pact on Friday before taking a three-week break to help stop the spread of the coronavirus, a top government official said. Canada was the last of the three signatories to formally adopt the pact, prompting congratulations from the United States[...]

NFU sees red flags in CUSMA bill for grain growers

The National Farmers Union is warning of sweeping changes to Canadian grain regulation it sees tucked into federal legislation meant to put through the successor deal to NAFTA. Bill C-4, the implementing legislation for the Canada-U.S.-Mexico Agreement (CUSMA), passed second reading Feb. 6 and came back without amendment Feb. 27 from the Commons standing committee[...]


Trump signs CUSMA pact

Washington | Reuters -- President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests -- but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power[...]

Trudeau wants CUSMA deal ratified quickly

Winnipeg | Reuters -- Canadian Prime Minister Justin Trudeau on Tuesday urged legislators to quickly approve a new continental trade pact but the main opposition party said it wanted to study the deal, indicating the ratification process could drag on. Canada is the only one of the three signatories not to have formally blessed the[...]


U.S. Senate passes CUSMA trade deal

Washington | Reuters -- The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the[...]

CBOT weekly outlook: 2019 ends on high note

MarketsFarm -- Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. "For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31," said Scott[...]


Amended CUSMA pact includes anti-COOL clause

The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North[...]

U.S. House passes CUSMA

Washington | Reuters -- The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after[...]