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U.S. Grains Council Statement On Start Of NAFTA Modernization Talks

U.S. Grains Council Statement On Start Of NAFTA Modernization Talks
A statement from U.S. Grains Council (USGC) President and CEO Tom Sleight:
 
"As formal renegotiation discussions for the North American Free Trade Agreement (NAFTA) begin in Washington, the U.S. Grains Council (USGC) will be engaging closely to help achieve a conclusion that provides our members and our customers long-term certainty and creates a new platform for growth and integration of our regional feed and fuel industries.
 
"The Council has worked diligently for decades in both Canada and Mexico, building trusted relationships that are supported by strong policy in NAFTA. This agreement and the trade it has spurred have been critical to the growth of the U.S. feed grains industry. It is a foundational agreement in our global trade policy.
 
"Both farmers and negotiators must understand how important these markets - and free trade - are to agriculture’s profitability. 
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China/U.S. Trade Deal or No Trade Deal? Is China buying under the Radar?

Video: China/U.S. Trade Deal or No Trade Deal? Is China buying under the Radar?


The U.S. has confirmed a meeting with Trump and Xi on October 30th, 2025, in Busan, South Korea. There have been rumors that China is buying soybeans from the PNW under the radar while the U.S. government is shutdown.
Trump wants to import 4 times more Argentina beef to lower high sky U.S. beef prices has funds liquidating out of fear as Brazil and Trump are expected to meet in South Korea next week as well, and Mexico is meeting with the Trump team next week to try and reopen the border amid New World Screwworm. All 3 are weighing on live cattle/feeder futures.
More geo-politics as Trump decided to sanction 2 large Russian oil producers as he remains frustrated with Putin over the war in Ukraine, which sent crude oil futures surging 9.3% for the week!
There was more evidence from a AgWeb survey, DTN and AgTalk that the 2025 U.S. corn yield is coming in much lower than many are forecasting, now in the 167 – 177 bpa range.
U.S. CPI in September slightly better than expected at 3.0% was enough to pave the way for another U.S. interest rate cut next week (2nd consecutive month) sent stocks markets to new record highs, as 85% of 3rd quarter earnings have thus far beat estimates ahead of the MAG 7 earnings to be released next week.
Trump called of the U.S. Canada trade negotiations over a Reagan ad on anti-tariffs. They were expected to seal a deal in South Korea next week.
New higher tariffs could be in the cards for Colombia as Trump calls the President a “drug lord.” Columbia bought 2% of U.S. exports in 2024.
Heavy rain in North China is rotting corn harvest at 70%.
It's only raining once a week in Central Brazil vs. every other day with 100-degree temps stressing soybean crops. The 2-week outlook thru Nov. 7 is concerning (a yellow flag) but its early.