JM Smucker Raises Coffee Prices Amongst Tariff Uncertainty; Canadian Supermarket Drops Folgers

On June 10, the JM Smucker Company held their earnings question-and-answer session after releasing earnings for the fourth quarter of their fiscal year ending April 30, 2025. Leaders from JM Smucker cited high coffee price struggles and tariff-related costs in the earnings call while officials running a Canadian supermarket dropped Folgers coffee from their shelves.

On the earnings call, the main topics covered were coffee prices and trade uncertainty due to the US tariff agenda. Days prior, leaders at the Canadian grocery store, Loblaw...

Tariff Talks 2025: Expana's Weekly Rundown #12

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #12."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

US Arrests Chinese Nationals for Allegedly Smuggling Dangerous Fungus in “Agroterrorism” Attempt

The United States Federal Bureau of Investigation (FBI) arrested two citizens of the People’s Republic of China for allegedly smuggling a fungus called Fusarium graminearum, which is a potential agroterrorism weapon, according to the Department of Justice (DoJ).

Yunqing Jian, 33, and Zunyong Liu, 34, are suspected of alleged conspiracy, smuggling goods into the US, false statements, and visa fraud.

The fungus can cause a disease called “head blight” in wheat, barley, maize, and rice, according to US FBI Director, Kash Patel on X.com...

Secretary Rollins Secures Greater Market Access with Costa Rica for US Dairy Industry

Under U.S. Secretary of Agriculture Brooke L. Rollins’ leadership, American dairy producers will have greater market access as Costa Rica has approved the first U.S. dairy facility to be registered under their new streamlined approval process. The Trump Administration continues to break down non-tariff barriers, and this latest action is the first of many wins ahead for American dairy producers.

“Under President Trump’s leadership, USDA is putting Farmers First. Securing greater market access for American dairy farmers is a much-needed win for the U.S. dairy industry and will give our...

71% of Canadian and 43% of Mexican Consumers Intend to Buy Fewer US Grocery Products, Study Reveals

Seventy-one percent of Canadian and 43% of Mexican consumers report they will buy fewer U.S. grocery products in 2025 according to the tenth wave of the dunnhumby Consumer Trends Tracker (CTT) released today. Canada and Mexico are the two largest agricultural trading partners of the U.S. According to the USDA, in 2024 the U.S. exported 33% of its agricultural products to Canada and Mexico, totaling over $58 billion out of $176 billion of total U.S. agricultural...

Sugar On the Chopping Block for SNAP Program Following MAHA Commission

On May 22, US President Donald Trump spoke alongside Agriculture Secretary, Brooke Rollins, HHS Secretary Robert F. Kennedy Jr., and others during a MAHA [Make America Healthy Again] Commission Event. 

“We’re on track to sign multiples of SNAP waivers to get junk food and sugary drinks out of our food stamp system,” said the USDA’s Rollins. Rollins signed the first waivers to amend the statutory definition of food for purchase for Supplemental Nutrition Assistance Programs (SNAP) in Nebraska, Indiana, and Iowa, she said during her speech...

Tariff Talks 2025: Expana's Weekly Rundown #10

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #10."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #9

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #9."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #8

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #8."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

ANALYSIS: Mexican Beef Export Trends in Q1 2025

The Mexican beef export market to the US showed mixed trends in the first quarter of 2025, reflecting shifts in trade dynamics. The short period of US tariff imposition on Mexico marked a turning point in market activity, leading some exporters to reduce or suspend shipments while others negotiated agreements to manage the new costs. Exchange rate fluctuations driven by macroeconomic factors initially boosted export incentives but rising domestic demand in Mexico and a stronger peso later shifted the focus to the local market. Feeder cattle exports also saw changes following the November 2024 suspension, with new inspections to monitor cattle health and import viability altering trade flows...

Tariff Talks 2025: Expana's Weekly Rundown #7

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #7."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

US Agriculture Secretary Brooke Rollins Announces Major Win for Texas Farmers and Ranchers in Water Negotiations with Mexico

U.S. Secretary of Agriculture Brooke Rollins announces a major win for American agriculture by securing the agreement of the Mexican government to meet the current water needs of farmers and ranchers in Texas as part of the 1944 Water Treaty. The Mexican government committed to transfer water from international reservoirs and increase the U.S. share of the flow in six of Mexico’s Rio Grande tributaries through the end of the current five-year water cycle...

Chipotle Reports Q1 2025 Revenue Growth Despite Avocado Cost Pressures 

California-based chain Chipotle Mexican Grill, Inc. reported its first-quarter results for the period ended March 31, 2025.

First quarter highlights, year over year:

• Total revenue increased 6.4% to $2.9 billion
• Comparable restaurant sales decreased 0.4%
• Operating margin was 16.7%, an increase from 16.3%
• Restaurant level operating margin was 26.2%, a decrease from 27.5%
• Diluted earnings per share was $0.28, a 7.7% increase from $0.26
• Adjusted diluted earnings per share was $0.29, a 7.4% increase from $0.27

Exclusive International Trade Centre Interview: Implications of Trump’s Tariff Regime

Julia Spies is the Chief of Trade and Market Intelligence for the International Trade Centre (ITC) in Switzerland. Spies and team analyze trade information and publish findings about market-specific trade intelligence on multiple online platforms, like Tradebriefs.intracen.org.

Recent shifts in the world of trade, including the latest round of United States tariffs and trade measures by other countries, has kept Spies and company busy, to say the least.

However, ITC members have watched trade measures, and in particular their impact on developing countries, long before these recent changes...

Tariff Talks 2025: Expana's Weekly Rundown #5

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #5."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...

Tariff Talks 2025: Expana's Weekly Rundown #4

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #4."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text...