President Trump is in Canada this morning, meeting with world leaders at the G7 Summit.
Talks around tension in the Middle East will likely dominate the gathering, but President Trump brought along key officials hoping to talk trade during the three-day event.
The President arrived in Alberta last night, and he is joined by Treasury Secretary Scott Bessent, who just returned from trade talks with China in London last week. On their agenda is a meeting with Canadian Prime Minister Mark Carney. In recent days, Bessent has said those discussions are on a more sustainable path.
Other key U.S. trade partners will be there, including leaders from France, Italy, Germany, and Britain.
Related Stories
Texas Lawmakers Issue Disaster Declaration as New World Screwworm Threat Moves Closer to U.S. Border
Texas Agriculture Commissioner Sid Miller discusses the state’s latest efforts to prevent the New World screwworm from reaching Texas.
Economists are also closely watching how policy decisions in Washington could influence markets moving forward. Analysts say deferred futures for corn, soybeans, and wheat suggest markets are operating near break-even levels, not at prices that would encourage expanded production.
The biggest development of 2025 in agricultural law and taxation was the signing into law on July 4 of the Trump Administration’s landmark legislation, the “One Big Beautiful Bill” Act (OBBBA)
House Agriculture Committee Chairman “GT” Thompson is pushing a “Farm Bill 2.0.”
Jim Matheson, CEO of the National Rural Electric Cooperative Association, provides new updates on winter storm impacts and the outlook for rural power reliability.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
