Reading Time: 3 minutes 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
Trump tells Canada, Mexico he won’t terminate NAFTA treaty yet
CBOT weekly outlook: U.S. weather supports corn, weighs on soy
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Take advantage of growth, guard against risk with new U.S. regime: Frum
Reading Time: 3 minutes Political commentator David Frum says there’s good, bad and potentially ugly for Canadian farmers in the United States’ new and unpredictable Trump administration. Frum, a senior editor at The Atlantic magazine and, more recently, an owner of Ontario farmland, told the Grain Farmers of Ontario March Classic in London recently that global markets have been […] Read more
Trump’s trade nominee pledges tough enforcement
Reading Time: 2 minutes Washington | Reuters — U.S. President Donald Trump’s choice for the top trade negotiator on Tuesday pledged an “America First” strategy to aggressively enforce U.S. laws and trade deals to stop unfair imports and push China to scrap excess factory capacity. Robert Lighthizer, the U.S. Trade Representative nominee, told senators at his confirmation hearing that […] Read more
U.S. Commerce chief sees no major NAFTA talks until later this year
Reading Time: 2 minutes Washington | Reuters — U.S. Commerce Secretary Wilbur Ross said Wednesday that substantial negotiations to revamp the North American Free Trade Agreement likely will not get started until the latter part of this year and could take a year to complete. Ross, speaking to Bloomberg Television, said U.S. legal notification requirements with partners Mexico and […] Read more
Mexico will only stay in NAFTA if it suits it, minister says
Reading Time: 2 minutes Mexico City | Reuters — A defiant Mexico said on Tuesday it would only stay in NAFTA if it suited it and rejected the imposition of any tariffs or quotas when renegotiating the trade deal U.S President Donald Trump wants to recast to benefit the United States. Trump has vowed to exit the North American […] Read more
Mexico eyes Brazil farm products as hedge on Trump threat
Reading Time: 2 minutes Brasilia | Reuters — Amid trade tensions with the U.S., Mexico plans to send a delegation next month to visit Brazilian corn, beef, chicken and soy producers as an alternative to U.S. suppliers, its representative in Brazil said on Friday. Mexican charge d’affaires Eleazar Velasco said Brazil is uniquely positioned to expand agricultural commodity sales […] Read more
A message from April Stewart, Country Guide's Associate Editor
