Trade

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Republican and Democratic lawmakers on Thursday beseeched U.S. Trade Representative Katherine Tai to reveal when the Biden administration will engage with Congress to re-establish Trade Promotion Authority – legislation key to negotiating new free trade agreement - but they did not get an answer.

China has again committed to a substantial purchase of U.S. corn for the 2021-22 marketing year, reinforcing optimism that demand from the country is long term.

The Biden administration wants a better trade remedy than the nearly 60-year-old Section 232 tariffs that the Trump administration enacted to counter imports of foreign steel and aluminum, U.S. Trade Representative Katherine Tai told lawmakers Wednesday.

Department of Agriculture officials set new crop corn and soybean estimates for the upcoming marketing year, but traders expect corn acreage to increase in the next few months as producers switch acres due to higher prices.

China has been reporting some new outbreaks of African swine fever in recent months, but the problem is likely much worse than it appears. That’s both an opportunity for U.S. pork producers and a threat to their herds, according to U.S. industry and government officials.

Mexico has again postponed the deadline for the U.S. to comply with the country’s new law that would require a separate Mexican certification for U.S. organic products that enter the country.

ADM plans to build a new soybean crushing facility that will have the capacity to process about 150,000 bushels of soybeans per day.

Chinese buyers have made another big purchase of U.S. corn for the next harvest as concerns mount over the impact of dry weather on Brazil. The USDA on Monday announced a 1.02 million-metric-ton sale of corn to China for delivery in the 2021-22 marketing year.

U.S. Trade Representative Katherine Tai is taking time from meeting top trade officials from around the globe to get to better know the U.S. ag sector and its priorities.