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Administrative taps NFU's Larew for trade committee

By Farms.com

The President’s recent appointment of Rob Larew, the National Farmers Union (NFU) President, to the Advisory Committee for Trade Policy and Negotiations (ACTPN) signifies a pivotal moment for the agricultural community in trade policy discussions. Larew's role will directly influence the development and administration of trade strategies, ensuring that the perspectives and needs of family farmers and ranchers are considered. 

The ACTPN serves as a critical advisory body to the United States Trade Representative, with its members playing a key role in guiding U.S. trade policy and negotiation strategies. The committee's composition reflects a broad range of expertise and interests, from labor and industry to agriculture and conservation, embodying a holistic approach to trade policy formulation. 

Expressing his honor at the appointment, Larew emphasized his dedication to advocating for equitable trade practices that benefit the agricultural sector. His inclusion in the committee is a clear indication of the Biden administration's intent to prioritize fair and sustainable trade opportunities for American farmers and ranchers in the global market. 

This appointment comes at a crucial time as the U.S. is navigating complex trade dynamics and seeking to establish trade agreements that foster economic growth and sustainability. With Larew's expertise and commitment to the agricultural community, there is renewed hope for policies that support the prosperity of family farms and contribute to a resilient agricultural economy. 

Farmers and agricultural organizations have lauded this development, viewing it as a step forward in ensuring that trade negotiations and policies reflect the interests and realities of the farming sector. Larew's presence on the committee is expected to bring about positive changes in how trade policies are crafted, offering a promising outlook for the future of American agriculture.


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Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.