Articles Tagged with ''corn''

U.S. farm groups are coming out in strong support of the Trump administration’s new trade assistance package to help soften the blows of Chinese tariffs, but also stress the new aid is only short-term relief and far less effective than an end to the trade war.

The Trump administration will provide $16 billion in new direct payments and other additional assistance to farmers and ranchers who have been harmed by the ongoing trade war with China and other trade disputes.

The Department of Agriculture projects higher corn ending stocks, which would be the second largest on record behind 2016/17, in this month’s World Agriculture Supply and Demand report.

Mexico is the largest foreign market for U.S. corn and distiller’s grains and the U.S. Grains Council has chosen its top representative there, Ryan LeGrand, to take over as president and CEO next month.

The U.S.-Mexico-Canada Agreement would be an overall win for the U.S. farm sector, reforming biotechnology and phytosanitary standards, but it would also allow for only “slight increases” in exports of some U.S. agricultural commodities, according to a 379-page analysis released today by the U.S. International Trade Commission.

The World Trade Organization today sided with the U.S. in its complaint that China has not lived up to pledges it made nearly twenty years ago to buy billions of dollars of wheat, rice and corn through tariff rate quotas.

The USDA announced Friday that China is making a significant purchase of U.S. corn after years of deteriorating trade, spurring hope that the trade talks between the two countries are producing real progress that could have lasting effects.