AgDay 9/26/2019

Washington has plunged into an impeachment crisis...  as House Democrats opened an investigation into President Trump's campaign season  dealings with Ukraine.    But amid the controversy...the President has signed a *first step trade deal with Japan.   Under the plan, Japan will lower tariffs for fresh and frozen beef and pork.  And it will eliminate tariffs altogether on several U-S ag products. PRESIDENT TRUMP-"JAPAN WILL OPEN NEW MARKETS TO APPROXIMATELY $7  BILLION IN AMERICAN AGRICULTURAL PRODUCTS. JAPANESE TARIFFS WILL NOW  BE SIGNIFICANTLY LOWER OR ELIMINATED ENTIRELY FOR U.S. BEEF, PORK,  WHEAT, CHEESE, CORN, WINE AND SO MUCH MORE."  In return, the U-S will reduce or eliminate tariffs on certain industrial goods from Japan.    It's confirmed...China *did buy more U-S soybeans this week.    U-S-D-A...reporting a flash sale of 581-thousand metric tons of beans to China.    Earlier this week...Reuters reported Chinese importers were buying another 10-vessels of  soybeans out of the Pacific Northwest.  As far as trade negotiations with the U-S...  China is urging President Trump to oppose bullying.   It follows the President's criticism of China's trade status in a speech at the United Nations.   President Trump...taking about China again on Thursday. PRESIDENT TRUMP-"THEY WANT TO MAKE A DEAL VERY BADLY. AND IT  COULD HAPPEN, COULD HAPPEN. IT COULD HAPPEN SOONER THAN YOU  THINK."

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