Trade

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The USDA on Thursday reported sales of 686,000 metric tons of corn to Chinese buyers, with 371,000 tons of it for delivery in the 2019-20 marketing year and the rest — 315,000 tons — in 2020-21.

The U.S. exported record amounts of pork and posted very strong numbers for beef sales around the globe in March, despite the COVID-19 pandemic, according to new USDA data compiled by the U.S. Meat Export Federation.

The Office of the U.S. Trade Representative is taking fresh aim at knocking down the European Union’s efforts to protect food names like black forest ham, feta, gorgonzola, fontina, roquefort and asiago cheese.

The European Union and Mexico concluded the last outstanding element of their negotiations of a new trade agreement on Tuesday and plan to advance to the signature and ratification phases.

U.S. Trade Representative Robert Lighthizer on Friday sent official notice to Congress that the U.S.-Mexico-Canada Agreement will be ready for implementation on July 1, the final step in the long process that will ensure that most agricultural tariffs between the three countries remain at zero.

USDA reports released Thursday show China has purchased another 1,400 metric tons of U.S. beef and 272,000 tons of U.S. soybeans, demonstrating importers are successfully getting exemptions to the country’s tariffs.

Expectations for U.S. beef exports to China this year are being tempered by the COVID-19 pandemic, but shipments have already begun and they’re expected to continue strong despite the spread of the virus.

Thirty-five U.S. grain origination elevators along the Mississippi River, owned by Bunge North America Inc., are about to change hands.

Chinese importers purchased 1,500 metric tons of U.S. beef earlier this month, evidence that the “phase one” trade deal is already resulting in new export opportunities for the U.S., according to new data from USDA.