LEADER PAGE - 05/17/2019

U.S. REACHES DEAL WITH CANADA, MEXICO TO END STEEL AND ALUMINUM TARIFFS – The Trump administration reached agreements with Canada and Mexico to end U.S.-imposed tariffs on steel and aluminum imports Friday, removing a major barrier to the three countries’ new trade pact. Passage of USMCA may be treading closer. Key Republican lawmakers had signaled they would not vote for the USMCA deal, which needs congressional approval to take effect, unless the steel and aluminum tariffs against Canada and Mexico were removed. (Wall Street Journal)


LONG-AWAITED CAPITAL PLAN UNVEILED – Gov. J.B. Pritzker’s office revealed the details of a long-awaited and sweeping capital plan to key legislators Friday. The plan will invest $41.5 billion over six years and create an estimated 500,000 jobs, according to documents distributed to lawmakers during a briefing. (Chicago Sun-Times)


CAN BRAZIL KEEP UP WITH CHINESE SOYBEAN DEMAND? – Last year Brazilian soybean shipments to China jumped by almost a third in efforts to fill the void left by soybean imported from the U.S. South American growers may struggle to maintain the same supply in 2019, said Igor Brandao, chief of the agribusiness division at Apex-Brasil. “The harvest for this year is expected to be smaller than last year. It is a matter of weather conditions, because the dry season is expected to be longer this year.” (South China Morning Post)


NOAA: PAST 12 MONTHS WETTEST ON RECORD – Precipitation the past 12 months (from May 2018 through April) was the wettest yearlong period on record in the U.S., according to the National Oceanic and Atmospheric Administration. In addition, a new U of I study shows link between excessive rainfall and lower yields. “Heavy rainfall can decrease corn yield more in cooler areas and the effect is exacerbated even further in areas that have poor drainage,” said Yan Li, lead author of the study. (FarmWeekNow)


About Leader Page: This collection of articles from mainstream and agriculture media is designed to keep you informed as a member and leader in our organization. The articles here are not intended to represent Illinois Farm Bureau policy or positions, but rather to give you an idea of what is being reported regionally, nationally and globally


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