Montana Farm Bureau Federation President Hans McPherson said Monday that early indications look positive for Montana wheat, of which the state exports $560 million annually.

“We understand that Canada has agreed to grade imports of United States wheat in a manner no less favorable than it accords Canadian wheat, and to not require a country of origin statement on its quality grade or inspection certificate,” McPherson said in an email.

"In addition, Canada and the United States agreed to discuss issues related to seed regulatory systems," he continued. "We also heard that to facilitate the marketing of food and agricultural products, Mexico and the United States agreed that grading standards and services will be non-discriminatory for all agricultural goods and will establish a dialogue to discuss grading and quality trade-related matters.”

A senior Trump administration official told Politico that the new agreement also will open up the Canadian dairy market to U.S. exports at a level higher than the previous 3.25 percent markup negotiated under the Trans-Pacific Partnership.