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USDA enhances Agri-trade with strategic global outreach

Oct 30, 2024
By Farms.com

Global trade missions amplify U.S. Agri-exports

The USDA’s proactive approach in expanding U.S. agricultural exports was articulated by Alexis M. Taylor, Under Secretary for Trade and Foreign Agricultural Affairs, through recent international trade missions and strategic global partnerships.

The mission to Colombia with U.S. agribusiness leaders was a cornerstone, showcasing the burgeoning market opportunities following the U.S.-Colombia Trade Promotion Agreement.

The initiative has paved the way for a record-setting $3.7 billion in agricultural exports to Colombia in 2023 alone, emphasizing the region's economic vitality and its role as a top market for U.S. agri-products.

State-level collaborations were also highlighted at the Kansas Governor’s Summit on Agricultural Growth, where the focus was on leveraging trade to strengthen the U.S. agricultural sector. This included promoting diversity in agricultural exports and expanding markets for both traditional and specialty crops.

The Regional Agricultural Promotion Program (RAPP), with its substantial funding, is set to bolster U.S. agricultural products in existing and emerging markets. This, coupled with the Assisting Specialty Crop Exports (ASCE) initiative, underscores a significant push towards inclusivity and support for smaller producers facing unique market entry challenges.

These efforts reflect the USDA's commitment to not only uphold but also advance the global leadership of U.S. agriculture.

As these strategic efforts continue to unfold, they promise to open up new avenues for American producers in diverse international markets, fostering long-term growth and sustainability in U.S. agriculture.


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


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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.