Export Winter Wheat at 72 Percent, Ahead of Last Year According to Report
Farm & Ranch – 10/5/2018
According to the USDA Crop Progress Report for the week ending September 30, 2018, topsoil moisture supplies rated 2 percent very short, 12 short, 83 adequate and 3 surplus. Subsoil moisture supplies rated 1 percent very short, 13 short, 83 adequate and 3 surplus. Winter wheat planted was 72 percent, ahead of last year’s 67 percent, but near the 74 average. Emerged wheat was 31 percent, behind last year’s 38 and the 41 average. In the northern Panhandle, producers reported dryland planting was 90 percent complete. Irrigated planting is closer to 50 percent. A large quantity of beans remain to be harvested, and producers anticipate some acres may go into wheat if harvest can occur timely enough. Subsoil moisture supplies were adequate, but topsoil moisture conditions were dry.
Global Supply Issues Likely to Push Wheat Values Higher (Australia)
Grain Central – 10/9/2018
The month of October heralds the start of a new grain marketing year here in Australia. The first week of the 2018/19 season has been highlighted by significant, but not drought-breaking, rainfall through parts of Queensland, New South Wales and Western Australia. The falls in New South Wales were generally highest in the western pastoral zones (ideal for spring pasture growth), or in the northwestern cropping areas that either didn’t plant or have been long written off due to drought.
The 2014 Farm Bill Expired, Now What?
Prairie Star – 10/8/2018
The average farmer probably won’t notice anytime soon that the 2014 Farm Bill has expired, but producers who try to sign up for some conservation programs could be turned away, and some commodity groups will have to go without some trade promotion funding on which they have counted. The 2014 law expired on Sept. 30 and it is likely to be December – when the 115th Congress gets ready to shut down – before lawmakers pass a new farm bill or pass an extension of the expired law.
Untapped African Markets Are Next On Trade Agenda
American Agriculturist – 10/5/2018
Ted McKinney, USDA’s undersecretary for trade and foreign agricultural affairs, says the Trump administration is committed to opening new markets for farmers around the world. Speaking at the global trade forum during the recent Washington Conference of the United Fresh Produce Association, McKinney says there are many untapped markets for U.S. agricultural products. Later this month, his office is leading a trip to engage with potential customers from South Africa, Angola, Botswana, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Swaziland, Zambia and Zimbabwe.
Exploring Subsidies and Tariffs in India
Southeast Farm Press – 10/8/2018
Most of agriculture cheered when President Trump and his trade team announced a modernized trade pact with Mexico and Canada. But it was a comment about another country during the White House press conference that really caught our attention. India is “the tariff king,” Trump said. “India charges tariffs of 100% … that’s not free trade.” India is a growing country with 1.34 billion people – 18% of the world’s population – and tons of trade potential for American businesses, including farmers and ranchers. But right now, trade isn’t a two-way street.
Source: U.S. Wheat Associates