Wheat Associates Official Says Several Pluses In USMCA For Wheat Growers
WNAX – 10/4/2018
U.S. Wheat Associate officials see several positives with the just completed rewrite of NAFTA, now called the US Mexico Canada Trade Agreement. Wheat Associates Steve Mercer says the part of the deal that includes the U.S. and Mexico is positive for U.S. wheat as duty free access continues under the deal. He says the USMCA has an improvement for U.S. wheat sold into Canada as the grading problem has been fixed. Mercer says before Canada downgraded US..wheat sold in their country to feed grade which brought a lower price. He says that has changed with the new agreement.
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Higher Wheat Prices: But When?
Southwest Farm Press – 10/4/2018
Two reasons for $5 wheat during the 2018 Oklahoma and Texas harvests were an acute shortage of milling quality wheat and 2018 harvested wheat with above 12 percent protein and 60 pound test weight. Two reasons to predict $5.75, or higher, 2019/20 prices are an expected acute shortage of milling quality wheat and harvested wheat above 12 percent protein and 60 pound-plus test weight.
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Another Quiet Week in Grain Markets, But OSU’s Kim Anderson Says That’s Not Such a Bad Thing
Oklahoma Farm Report – 10/4/2018
It has been another quiet week in the grain markets. Oklahoma State University Extension Grain Market Economist Dr. Kim Anderson joins SUNUP Host Lyndall Stout this weekend for his analysis of whether or not this sideways movement in the market is a good thing for producers. In a preview of his appearance, Anderson suggests that given the current market situation for most commodities, this steady market trend is preferable to the alternative of turning lower that could easily be the case.
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WSU Economist: Trade Uncertainty Hurts Agriculture
Capital Press – 10/4/2018
Certainty is better than uncertainty for agricultural trade, a Washington State University economics professor says. “It would almost be better just to say, ‘We’re going to impose a bunch of tariffs, there’ll be retaliatory tariffs and they’re all permanent,’” small grains economist Randy Fortenbery told the Capital Press. “That almost would be easier to respond to than going back and forth, continually changing who’s affected, the extent they’re being affected and which commodities are being addressed.”
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Oklahoma Farmers ‘Sowing On Faith’ After Farm Bill Expires
KGOU – 10/4/2018
Federal lawmakers failed to pass a new farm bill by the September 30 deadline. Though key programs like crop insurance won’t be affected, funding for others will stop at the end of the year. “Some of these other smaller programs are vitally important to farmers,” noted Jimmy Kinder, a wheat and cattle farmer in Walters, Oklahoma. “You need to have a healthy research pipeline to make sure that you stay current.” The omnibus farm bill funds hundreds of billions of dollars of food-related programs, from grants for conservation efforts to price supports for specific crops. It’s not the first time the bill has expired without a new one to replace it, but Kinder says it increases unpredictability for farmers who are already struggling.
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Source: U.S. Wheat Associates