The Trump administration is not expected to renew the USMCA, but that doesn't mean the agreement is over. Not only do the existing terms of the deal last into the next decade, but the U.S. is likely using this decision as a way "to keep pressure" on Mexico and Canada, says Jim Wiesemeyer of Ag Bull. The automotive industry is at the center of the current dispute around the deal, but risk is there for other market segments like agriculture. "The pact's agricultural market access provisions are not the immediate target of the auto-content debate, but once the U.S. uses the review to reopen the broader agreement, farm issues can quickly become bargaining chips," Wiesemeyer says. (kirk.maltais@wsj.com)