U.S. President Donald Trump and Brazilian President Jair Bolsonaro announced March 19 that Brazil has agreed to implement a duty-free tariff rate quota for wheat, a longstanding obligation under Brazil’s World Trade Organization commitments. This agreement opens an annual opportunity for U.S. wheat farmers to compete on a level playing field for 750,000 metric tons (about 28 million bushels) of wheat under the TRQ. A copy of White House Statement can be found here.