Prices, Production Looking Good For State’s Wheat
Moscow-Pullman Daily News – 8/27/2018
Belching clouds of orange dust, the massive red machines crawled along the hillsides north of Reardan eating endless rows of amber stalks. It’s one of the Northwest’s iconic scenes: The end of summer marks the time when eastern Washington farmers transform rolling landscapes of wheat into hundreds of millions of dollars’ worth of grain that flows from trucks, trains and barges into foreign ports.
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Reduced Global Grain Supply Helping U.S. Grain Exports
Kearney Hub – 8/26/2018
U.S. farmers and farm organizations should analyze world grain conditions and supply constantly in order to get an honest assessment of the real grain export and commodity price impact of the current tariff trade war, said Gale Lush, a Wilcox farmer and chairman of the American Corn Growers Foundation. Recently Lush said the U.S. Department of Agriculture World Agricultural Outlook Board released its world supply and U.S. supply and use projection for grains for marketing year (MY) 2018-19. He said the report projects world grain supply at 3,199 million metric tons (mmt), down from 3,217 mmt in MY 2017-18, a reduction of about 685 million bushels. MY 2017-18 estimated total world grain supply was down from 3,234 mmt in 2016-17, a reduction of about 1.3 billion bushels.
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Ukraine Plans No Immediate Review of Wheat Export Memorandum
Successful Farming via Reuters – 8/24/2018
The Ukrainian agriculture ministry has no immediate plan to review a memorandum agreed with traders this month allowing for the export of 8 million tonnes of milling wheat this season, a senior ministry official said on Monday. Traders last week said that unfavourable spring and summer weather had worsened the quality of Ukrainian wheat in the 2018 harvest and that milling wheat accounted for less than 45 percent of the total. “We agreed on that and we respect our promise,” the official told Reuters on condition of anonymity referring to the pact with traders.
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EU Wheat to Stay on Export Fringes After Weather-Hit Harvest
Successful Farming via Reuters – 8/27/2018
European Union wheat exports could fall in 2018/19 to below last season’s disappointing volume, as a weather-hit harvest cuts the bloc’s surplus just as reduced supply in Russia promises to open up export opportunities, analysts and traders said. Forecasters are expecting EU wheat production to drop to a six-year low, largely due to blistering summer weather in northern Europe that has withered crops including in second-biggest EU wheat grower Germany.
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Veteran K-State Ag-Economist Barry Flinchbaugh Pulls No Punches on Trump’s Trade War Agenda
Oklahoma Farm Report – 8/24/2018
The Arthur Capper Cooperative Center at Kansas State hosted this week the 2018 K-State Cooperative Symposium. Leaders in cooperative management and agribusiness from all around the state was in attendance. Among the featured presenters there, Professor Emeritus in Agricultural Economics at K-State and very familiar figure in Kansas agriculture, Barry Flinchbaugh, who engaged in a conversation about the lead topics in agriculture currently. Principle among those – trade issues – a subject which Flinchbaugh in typical fashion, pulled no punches.
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Source: U.S. Wheat Associates