Winter Wheat Prices Are Looking to Pop
Winter wheat planting has been slow this fall. The last report from USDA puts planting progress at 89% complete which is 5 percentage points behind the five-year average. Major producing states like Texas, Oklahoma, Kansas and Arkansas are all behind normal. Slow planting has also led to slow emergence. “I mean the ship has nearly sailed in a lot of areas,” says Angie Setzer with Citizens Grain during an interview on AgDay TV with host Clinton Griffiths. “Parts of the Oklahoma panhandle and Kansas areas were able to finally get in a week ago 10 days ago.”
U.S. Farmers Visit Cuba, Discuss Future Relationships
Missouri Ag Connection – 11/19/2018
Delegates from the U.S. agriculture industry were in Cuba last week for the Cuba-U.S. Agriculture Business Conference. The conference brought about much interest from the Cuban Ministry of Agriculture, Ministry of Foreign Affairs and the Cuban media. Representing the soybean, corn, wheat, poultry, potato, rice, sorghum and barley industries, the 20 conference participants met with Cuban government officials and farmers earlier this month. While about 30% of Cuba’s 42,000 square miles of land area is currently used for farming, Cuban farmers do not have access to the latest technologies, equipment and inputs to reach their yield potential.
Tariffs Having Impact on Agriculture Trade
Messenger-Inquirer – 11/19/2018
The tariffs, otherwise known as taxes, placed this year on goods imported into the United States had an indirect effect on American agriculture. Goods from our largest trading partners are worth billions of dollars. Some of our largest export customers placed tariffs on multiple export agricultural products — soybeans and pork being the most affected. Trade continues to be a hot topic and while negotiations are ongoing at this time, U.S. agricultural export tariffs are expected to remain in effect through the upcoming year.
South Korea, U.S. Forge Strong Trade Relationship
AgriNews – 11/16/2018
South Korea is considered one of the most reliable export markets for America’s ag industry, according to the latest International Agricultural Trade Report. Increasing wealth, a growing number of women in the workforce and a younger generation seeking international foods are all affecting the market. These factors have led to the rise of convenience stores, bulk retail outlets and western-style family restaurants.
Wet Weather Slows Kansas Farmers’ Winter Wheat Planting
The Hays Daily News – 11/17/2018
Much-needed moisture in Kansas may have boosted the spirits of many in the agricultural industry, but it also presented challenges for those getting soybeans and milo out of the fields and winter wheat in the ground. “I would have planted a little bit of wheat this year, but don’t think I’m going to get any in,” said Raylen Phelon, a fifth-generation farmer in Osage County. In fact, he was in Topeka at a meeting at the Kansas Wheat Commission, and his son texted him that he was finally back in the fields cutting beans.
USDA Terminates Chinese Owned Smithfield Farm Aid
Reuters – 11/16/2018
The U.S. Department of Agriculture terminated a $240,000 purchase contract with Chinese-owned Smithfield Foods that had been awarded under the Trump administration’s agricultural trade bailout program, a move taken at the company’s request, a department spokesman told Reuters on Friday. The move comes weeks after Republican Senator Chuck Grassley of Iowa, one of the country’s biggest farm states and the biggest hog-producing state, slammed Smithfield for receiving what he said was aid from the USDA that was meant to help American farmers hurt by China’s trade tariffs.
Source: U.S. Wheat Associates