The United States has secured two deals involving the Panama Canal after months of back and forth over the key waterway.
In last night’s cabinet meeting with the President, Secretary of Defense Pete Hegseth shared that the Panama Canal Authority has agreed to allow U.S. military vessels to pass through first and free.
A memorandum of understanding has also been signed between the two countries to secure the Panama Canal from Chinese influence.
A military base for both the U.S. and Panama has been established, the Defense Secretary went on to describe Panama’s President as very complimentary of the U.S., calling him a great ally.
More than 40% of the United States container traffic, worth nearly $270 billion, passes through the canal each year.
Officials plan to resume cattle imports through an Arizona port beginning Aug. 24.
Possible El Niño conditions could slow grain shipments through the key export route.
RealAg Radio host Shaun Haney discusses the Louis Dreyfus expansion in Yorkton, the continued growth of Canada’s domestic canola crushing, and the outlook for pulse proteins.
Limited imports could improve feeder-cattle supplies, but reopening depends on continued screwworm control and strict inspections.
USDA Under Secretary for Trade Luke Lindberg discusses the Port of Seattle’s role in ag exports, meetings with Washington producers, and the administration’s priorities for trade and expanding export opportunities.
RealAg Radio’s Shaun Haney says Canadian farmers are encouraged by improving crop conditions, but are watching the weather and USMCA negotiations closely.
