Source: FARM POLICY NEWS, UNIV. OF ILLINOIS, 7/29/18


Agricultural trade issues continue to garner a substantial amount of media attention.  The Commerce Department noted on Friday that surging U.S. soybean exports, spurred by the anticipation of Chinese tariffs, contributed to strong second quarter GDP growth.  Meanwhile, President Trump touted an agreement with the EU to purchase more U.S. soybeans, although a subsequent report pointed out that the accord fell short of addressing broader agricultural trade disputes.  Nonetheless, on Sunday's "Face the Nation" television program, Larry Kudlow, President Trump's economic advisor, indicated that broad discussions on agriculture will be part of the bilateral talks wth the EU.

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