419 Scam After meeting with Nigerian President Muhammadu Buhari yesterday, President Donald Trump said with confidence that Africa’s most populace country will “rip down” its barriers to U.S. agricultural exports. The boast seems highly unlikely to come to fruition for several reasons:
Nigeria’s tariffs are harmonized with the 15-member Economic Community of West African States. While Nigeria applies an average duty of 15.5 percent on agricultural imports, a 35 percent duty is permitted on items that the government wants to protect. Nigerian domestic politics exerts a great deal of influence in favor of import protection (poultry, pork, beef, vegetable oil, etc.).
President Buhari offered up an advance payme...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
