U.S.-Mexico Sugar Talks; Perdue in Canada
* The U.S. and Mexico announced a preliminary agreement on a new system to regulate the flow of Mexican sugar into the U.S., but the U.S. sugar refiners and farmers are not supporting the deal.
Commerce Secretary Wilbur Ross says the Mexican side agreed to nearly every request made by the U.S. to address flaws in the system and ensure fair treatment of American sugar growers and refiners.
Ross says Mexico also agreed to send more refined and less raw sugar.
**U.S. Ag Secretary Sonny Perdue says he made it clear to Canada that the Trump administration wants our neighbors to the north to drop key trade barriers to U.S. dairy and wheat.
The discussion between Perdue and Canadian Ag Minister Lawrence MacAulay centered around laying a framework for the renegotiation of NAFTA, but the USDA chief says he would like to see the dairy and wheat issues resolved first.
But, Canada may not be willing to give up protections for Canadian dairy and wheat outside of NAFTA so they can use it as leverage in redoing the 23-year-old trade pact.
**A survey of farmers’ grain marketing practices finds the average producer uses four to five “tools” to market his or her crop in a given year.
Kansas State University ag economist Ted Schroeder says storage is still the most popular marketing strategy with 80-some percent of producers storing at least a portion of the crop.