GFM Network News


CUSMA pact takes effect under cloud of disputes, COVID-19

Washington/Mexico City/Ottawa | Reuters -- A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum[...]

New declaration requirements coming up for grain deliveries

Changes are afoot as early as next week for growers from all across Canada -- and from the United States -- who deliver grain to licensed Canadian buyers, as revised trade rules take effect between the two countries. With the Canada-United States-Mexico Agreement (CUSMA), the successor trade deal to NAFTA, taking effect, new regulations addressing[...]


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[...]