Drought Seen Driving EU Farmers to Sow More Wheat, Less Rapeseed
Reuters – 9/28/2018
Parched soils have hampered late-summer rapeseed sowing in Europe, raising the prospect that farmers will shift toward attractively priced wheat for next year’s harvest, analysts said. Barley, which like wheat has seen a price rally amid tightening global supplies, could gain extra area too as farmers turn to cereals and cut back on both rapeseed and sugar beet, with the latter affected by a sugar market downturn. Rainfall in northern Europe this month should also give an advantage to cereal sowing after a torrid summer that hit harvesting and then rapeseed drilling.
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Not Much Movement in Commodity Markets Now, But Kim Anderson Says Don’t Expect it to Continue
Oklahoma Farm Report – 9/27/2018
Producers have entered a time of the year when crop prices see very limited movement in the markets. During the past three weeks, only wheat has made any relatively notable price moves working up 32 cents from $4.75 to $5.08- although the bulk of that value occurring during one isolated period. The price of corn has moved only within a 7 cent range at an average price of $2.73. Soybean prices were adjusted 31 cents, though that is not considered remarkable from a soybean perspective.
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Canada’s Grain-Grading System May Be Sacrificed Under NAFTA
Feed and Grain – 9/28/2018
Is Canada’s wheat quality assurance system under threat in the current NAFTA talks? The Manitoba Co-operator reports the National Farmers Union says Canada needs to be on guard against U.S. efforts to destroy it. “Canada’s grain-grading system is the key to our international competitiveness, particularly for wheat,” Terry Boehm, chair of the NFU’s trade committee, said in a news release Sept. 11.
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U.S.-Japan Trade Talks Spark Optimism in Farm Country
Capital Press – 9/27/2018
Representatives of U.S. agriculture reacted with shared optimism Wednesday upon learning the Trump administration and Japan have begun negotiations on a new bilateral trade agreement. President Donald Trump made the announcement after meeting with Japanese Prime Minister Shinzo Abe in New York during the United Nations General Assembly, The Associated Press reported. USDA Secretary Sonny Perdue issued a statement saying the start of negotiations with Japan is another important step to achieving high-standard trade agreements for American agriculture.
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Winter Wheat Ahead of Schedule
AgInfo – 9/28/2018 (audio story)
Continued dry weather has allowed Colorado’s wheat producers to nearly double their planting from a week ago. The National Agricultural Statistics Service Colorado Field Office reports 24 percent winter wheat planted a week ago. At last check the number was up to 47 percent. USDA meteorologist, Brad Rippey says nationwide winter wheat is ahead of schedule. “The planting progress advanced byond one quarter of the intended acreage to reach 28 percent. That is ahead of the five year average of 26 percent and ahead of last year’s 22 percent. We did see some dry weather across the central plains and that promoted some very rapid planting progress in Colorado which planted almost a quarter of its crop at 23 percent during the week to reach 47 percent.”
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Source: U.S. Wheat Associates