There has been a big development in President Trump’s deportation plan, and it could sent ripples through the corn markets today.
Over the weekend, Colombia’s president released several flights with illegal migrants on board out of the United States. They argued migrants were not criminals, and the U.S. violated their rights.
President Trump responded with plans for 25 percent tariffs on the country, a major receiver of U.S. ag supplies, and those tariffs would increase to 50 percent after a week. However, Colombia’s president said he would accept the flights, so the tariffs have been called off.
Colombia is a major trade partner with the U.S. as they import more than a billion dollars of U.S. corn each year, making them the fourth largest export market. They are also a big provider of coffee and fresh cut flowers to the U.S.
A free trade agreement has been in place between the U.S. and Colombia since 2012, but the U.S. has the right to take action if there is a national security threat.
Rising protein demand supports long-term trade in feed and meat.
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Suderman joins Tony St. James in the RFD Studios to discuss how geopolitical tensions are triggering global transport disruptions, new inflation pressures, and other challenges for agriculture to navigate.
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Dr. David Anderson with Texas A&M University AgriLife Extension discusses how geopolitical tensions and the Middle East, along with export disruptions in the Chinese market, will shape cattle markets in the months ahead.
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Energy shifts influence diesel and fertilizer costs.
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ASFMRA’s Craig Thompson shares insights for American farmers who are navigating farmland markets amid agricultural uncertainty.
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