ALBERTA, CANADA (RFD-TV) — Canada is working to ease trade tensions with China following a meeting between Prime Minister Mark Carney and President Xi Jinping at the APEC Summit, one day after President Trump met with the Chinese leader and achieved most of his hard-line trade goals with the Asian trade giant.
The discussions come as Canadian farmers continue to face tariff challenges impacting agricultural exports.
RealAg Radio host Shaun Haney joined us on Friday’s Market Day Report to discuss what the meeting could mean for producers. In his interview with RFD-TV News, Haney explains whether he believes Canada should consider lifting its electric vehicle tariffs in exchange for reduced duties on farm products, and what “real progress” with China could look like for agriculture moving forward.
Farmers for Free Trade Executive Director Brian Kuehl shares more about the tour to gather farmers’ insights on the economic challenges they face in the ag economy.
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Wheat futures briefly hit a three-month high before retreating as the markets wait for word on whether the deal will actually happen.
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According to Ag Secretary Brooke Rollins, the top three soy-crushing companies in Bangladesh agreed to buy $1 billion worth of U.S. soybeans over the next year.
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A strong corn export pull is supportive of bids; soybeans need steady vessel programs or fresh sales to firm cash.
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China’s crusher losses and Brazil tensions, Gale warns, could reopen critical soybean trade channels for U.S. producers.
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