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U.S.-Kenya Trade Talks to Kick-Off, Adding to New Rice Export Opportunities

By Peter Bachmann

USA Rice

The Office of the U.S. Trade Representative (USTR) is scheduled to formally begin negotiations with Kenya on a free trade agreement as soon as this week, beginning with a virtual, ceremonial meeting and laying out high-level negotiating objectives.  Negotiators will also be setting up a timeline for meetings that will likely take place over the next year.

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Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.