Nigerian Wheat Imports Jump 31% on Declining Local Production
Bloomberg – 10/18/2018
Wheat imports by Nigeria, Africa’s most populous nation, rose 31 percent in the second quarter on increased demand amid declining local production, according to official data. The West African country imported 1.36 million metric tons of wheat between April and June compared with 1.04 million tons in the first three months of the year, port data published by the National Bureau of Statistics show. The orders from the U.S., Russia, Canada and Germany cost 114.8 billion naira ($315.7 million) compared with 87.4 billion naira in the first quarter.
Wheat Exports, The Key to Higher Prices
Southwest Farm Press – 10/18/2018
The October 11 USDA Wheat Export report showed that hard red winter (HRW) wheat export sales to date are 36 percent less than the same period during the 2017/18 wheat marketing year. The October WASDE (World Agricultural Supply and Demand Estimates) showed that the USDA projects total 2018/19 wheat marketing year HRW exports to be the same as during the 2017/18 marketing year. Total 2018/19 wheat marketing year hard red spring (HRS) wheat export sales are 10 percent less than during the same period last year. The October WASDE projected that 2018/19 wheat marketing year HRS exports would be 30 percent higher than 2017/18 marketing year exports.
Weather Conditions Hurt Russian Grain Harvest
World-Grain – 10/19/2018
Although unfavorable weather conditions contributed to a drop in Russia’s grain harvest from a record setting 2017-18, it is still higher than the 10-year average. The Russian Ministry of Agriculture is estimating a total grain harvest of 105 million tonnes for the current market year, according to a report from the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS). That is down from the record 135.4-million-tonne harvest in 2017-18.
New Free Trade Agreements on The Horizon
Texas Farm Bureau – 10/17/2018
The Trump administration is seeking additional free trade opportunities to sell U.S. agricultural and consumer goods abroad. U.S. Trade Representative (USTR) Robert Lighthizer notified Congress the administration will soon begin negotiating free trade agreements with Japan, the United Kingdom and the European Union. “We are committed to concluding these negotiations with timely and substantive results for American workers, farmers, ranchers and businesses,” Lighthizer said.
Agricultural Technicians Are An Integral Part of The Wheat Breeding Program
High Plains Journal – 10/19/2018
The Kansas State University Agriculture Research Center in Hays has been a pioneer in wheat development for years. T. Joe Martin, former wheat breeder at the station, paved the way for future breeders like Guorong Zhang, the current wheat breeder at the Hays Research Center. Zhang is walking in the footsteps of Martin by breeding wheat lines for the High Plains. While the wheat breeders are recognized for new varieties, a lot of people in the background put in hours and hours in supporting roles.
Source: U.S. Wheat Associates