Oct 02, 2018

Wheat 'Fix” in New Trade Agreement Draws Praise

Canadian grain grading system currently designates U.S. wheat as the lowest grade simply because it's foreign

Two prominent U.S. wheat groups say they're pleased that a new trade agreement addresses what they say is unfair treatment of U.S. wheat by Canada, reportsWDAY.

The new U.S.-Mexico-Canada Agreement (USMCA), which would replace the existing North American Free Trade Agreement, or NAFTA, has an important provision for U.S. wheat growers, say the National Association of Wheat Growers and U.S. Wheat Associates, which promotes U.S. wheat exports around the world.

The new agreement would provide "a fix to the Canadian grain grading system which automatically designates U.S. wheat as the lowest grade simply because it is foreign. This means U.S. farmers producing the highest quality wheat arbitrarily get less value for their crop," the two wheat groups said in a joint written statement.

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Marketwatch: Mar, 17

US Corn Price Idx:ZCPAUS.CM

open: 7.1495
high: 7.167
low: 6.9314
close: 6.9639

US Soybean Price Idx:ZSPAUS.CM

open: 16.1682
high: 16.2332
low: 15.8287
close: 15.8704

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 10.4572
high: 10.4872
low: 9.87
close: 9.87

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.1237
高:10.1737
low: 9.58
close: 9.58