Grain Markets Wallering Around
Oklahoma Farm Report – 11/9/2018
Dave Deken and Dr. Kim Anderson discussed the latest USDA Supply Demand numbers released on Thursday morning- and Anderson sees little information from the reports- calling the bottom line of the information coming from Uncle Sam as “mildly negative” for the markets. Dr. Anderson says the wheat markets are stuck at current levels for now- “the weak export market- we just don’t have the export demand we have had in the past” and says that the current wheat market is “wallowering around between $4.85 and $5.20 right now”- referencing current Decemebt Kansas City wheat futures.
Australia’s Forecast Wheat Exports Cut to 11.5MT
Grain Central – 11/8/2018
Australia’s production and export figures have been revised down in the latest USDA World Agricultural Supply and Demand Estimates report released overnight, which also details increased stocks and production for China as its trade stoush with the US continues.
WASDE Wheat: Domestic Stocks Lowered on Higher Demand
Ag Fax – 11/8/2018
Supplies for the 2018/19 U.S. wheat crop are unchanged this month, and total use is raised 7 million bushels on higher seed use that reflects increased projected 2019/20 wheat planted area. Small offsetting by-class changes are made for wheat imports and exports. Food use is unchanged based on the latest NASS Flour Milling Products report, issued November 1.
U.S. Agriculture Coalition Meets in Havana Despite Trump Crackdown
Reuters – 11/8/2018
Representatives of U.S. agribusiness, the farming lobby and related industries opened a three-day conference in Cuba on Thursday aimed at increasing sales and cooperation with a country that the administration of U.S. President Donald Trump has repeatedly lambasted and promised to tighten sanctions on. The U.S. Agricultural Coalition for Cuba, which seeks increased trade with Cuba and the lifting of the trade embargo, is sponsoring the event.
Farmer Driven EatWheat Campaign Reaches Millions of Consumers
Kansas Wheat – 11/6/2018
The phrase heard around the agriculture world is “tell your story.” Today most Amercians are three generations removed from the farm so tales from the tractor are more important now than ever. Wheat farmers saw this need, and their conduit of conversation, EatWheat.org, is celebrating its first year of operation. EatWheat allows the wheat industry to speak with one voice in an effort to reclaim the national conversation on wheat and share one primary message amongst numerous influencers while we dismantle the false promises of wheatless diets.
Source: U.S. Wheat Associates