U.S. farm exports to set a record, but not as big as expected

China is buying less U.S. crops and livestock than expected, particularly soybeans, and America's ag exports are feeling the pinch. Sales are forecast at a highest-ever $175.5 billion this fiscal year, said the USDA on Tuesday, but just like the record set last year, the crest was not as high as it looked in the summer.

High prices, strong demand mean back-to-back records for U.S. ag exports

Propelled by the global economic recovery from the pandemic, U.S. farm exports will set back-to-back sales records this fiscal year and in the new year beginning on Oct. 1, the government forecast on Thursday. China would account for $1 of every $5 in exports during the two-year span, with annual purchases running more than $10 billion above its previous record, set in 2014.

Whitley promoted to FAS administrator

Agriculture Secretary Tom Vilsack named Daniel Whitley to be administrator of the Foreign Agricultural Service on Wednesday. He has been the acting chief of the agency, which tracks food and agriculture issues worldwide and promotes U.S. goods.

Transatlantic truce on aircraft benefits U.S. farm exports

President Biden announced a breakthrough in the long-running U.S.-EU dispute over airliner subsidies on Tuesday: Suspension of retaliatory tariffs on each other's products for five years beginning in July. The overall $4 billion in EU tariffs included duties on $1.4 billion of U.S. ag exports from frozen seafood to cotton, wheat, tobacco and alcohol.

U.S. demands trade panel ruling in dairy dispute with Canada

The Biden administration elevated a long-simmering dispute over Canadian dairy quotas on Tuesday by calling for a three-judge panel to decide the matter under USMCA rules. It was the first time that a dispute settlement panel was invoked under the trade agreement that took effect last July 1.

Looking beneath the surface, USDA paper gauges pandemic’s impact

Global trade in food and agricultural products grew by 3.5 percent last year, according to the WTO, leading to descriptions that the sector was robust and resilient in the face of the worst pandemic in a century. However, a USDA working paper says the impact of the coronavirus was obscured by such factors as the de-escalation of the Sino-U.S. trade war.

Dairy likely to highlight USMCA consultations

Trade ministers from Canada, Mexico and the United States are scheduled to confer digitally on Monday and Tuesday in the first meeting of the USMCA's Fair Trade Commission, with dairy expected to be the hot topic. U.S. dairy groups called on Sunday for the Biden administration to escalate an ongoing complaint against Canadian dairy quotas unless this week's meeting produces results.

Trade agency approves tariffs on imported phosphate fertilizer

U.S. fertilizer companies are "materially injured" by imports of subsidized phosphate fertilizer from Russia and Morocco, said the U.S. International Trade Commission on Thursday, so it approved, on a 4-1 vote, the imposition of countervailing duties on the imports.

Weaker dollar will help meat and dairy but not cotton exports, says CoBank

U.S. farm exports are forecast by the USDA to hit a record $157 billion this year, aided by a weaker dollar against many foreign currencies. Agricultural lender CoBank says the impact will be somewhat uneven, with meat and dairy products benefiting the most.