USMCA Gives Montana Wheat Modest Gains
Canadian elevators are now to fairly grade handful of U.S. wheat varieties planted in the state
Montana farmers selling grain into Canada made small gains in the U.S., Mexico, Canada trade agreement launched last Wednesday, reports the Ravalli Republic.
Canadian elevators starting Wednesday were to fairly grade a handful of U.S. wheat varieties planted in Montana. For years, U.S. wheat varieties unrecognized in Canada were downgraded to animal feed status and discounted in price, regardless of whether the grain was of high milling quality.
At first glance, the biggest advantage in USMCA is that Montana lost very little in the new trade agreement. Terms for shipping Montana malt barley into Mexico remained unchanged. Sugar exported into the U.S. from Mexico didn't increase, though Canadian sugar exports did, a change that could negatively influence the domestic price paid for Montana beet sugar.