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Articles of Interest – Wednesday, November 28, 2018

Articles of Interest – Wednesday, November 28, 2018

U.S. Wheat Associates’ Doug Goyings Says Farm Bill Action Needed as Industry Makes Urgent Call for FMD Funding
Oklahoma Farm Report – 11/27/2018
Radio Oklahoma Ag Network Associate Farm Director Carson Horn recently had the chance to catch up with Doug Goyings, vice chairman of the US Wheat Associates. Goyings shared his thoughts on some of the recent political developments that have occurred in regard to the midterm elections and how those events will affect the outcome of the next Farm Bill as well as the organization’s own foreign marketing efforts. You can listen to their complete conversation recorded during the 2018 National Association of Farm Broadcasters Convention, by clicking or tapping the LISTEN BAR below at the bottom of the page.

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Break in Clouds for Macri as Argentina Revs Wheat Harvesters
Bloomberg – 11/26/2018
Artillery is arriving for President Mauricio Macri’s battle to revive the Argentine economy. Farmers in Argentina’s bread basket are on course to reap bumper yields in December, with a record wheat harvest raking in export dollars and tax revenue after a tumultuous year that has seen the currency plummet and Macri turn to the International Monetary Fund.

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Russia Wheat Discount to APW to Widen As International Sales Slow in Both Regions
SP Global – 11/28/2018
Russian wheat’s discount to Australian Premium Wheat was expected to grow as Black Sea sellers struggle to move prompt cargoes while domestic wheat demand in Australia remained strong. The discount between Russian 12.5% protein wheat and APW is at its widest point in three weeks, having risen $7/mt week on week. The lack of buyers on the prompt for Russian wheat has seen traders roll their saleable cargoes to the following month, eroding large carries previously seen between months. At the beginning of November, offers for December-loading positions were heard at $231/mt while January was offered at $238/mt.

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Ukraine Says Martial Law Not Affectin Azov Sea Grain Exports But Outlook Unclear
Reuters – 11/28/2018
The imposition of martial law is not affecting Ukrainian grain shipments from ports on the Azov Sea so far and if necessary they can be diverted to the Black Sea, Ukraine’s acting agriculture minister told Reuters on Wednesday. More broadly, the prospects for grain exports from the Azov Sea are unclear at this point, Maksym Martyniuk said in messaged comments. Ukraine began martial law in some areas of the country on Wednesday, imposed after Russia captured three Ukrainian vessels and their crews over the weekend in what Kiev fears could be a precursor to a full-scale Russian invasion.

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Syngenta Vows Commitment to Hybrid Wheat Development
World-Grain – 11/28/2018
After expectations for the release of hybrid wheat in North America around 2020-21, Syngenta said it will focus commercialization on Europe while scaling back late-stage development in North America, although the company said it remained fully committed to hybrid wheat commercialization. “We have recently decided to scale back our late-stage development work in hybrid wheat in North America, and all our hybrid wheat research in Canada will be put on hold for the time being,” Carlos Iglesias, head of North America cereals, Syngenta Seeds, said in a Nov. 19 message to Syngenta wheat stakeholders. “We will apply the learnings from commercialization in Europe and plan to ramp up our late-stage program in North America following the successful European launch.

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Wheat Breeder to Discuss Crop Innovation
Valley Journal – 11/28/2018
The world’s population is expected to increase 35 percent to 9.8 billion people by 2050, according to census population experts. In order to feed that many mouths, current crop production will need to dramatically increase, said Luther Talbert, spring wheat breeder and professor at Montana State University. Talbert will discuss combining agriculture, biology and technology to develop better crops when he delivers the next lecture in the 2018-2019 Provost’s Distinguished Lecturer Series, which recognizes highly accomplished MSU faculty. The lecture, “Wheat Varieties for Montana and the World Market,” is set for 7 p.m. Thursday, Nov. 29, in the Museum of the Rockies’ Hagar Auditorium. It is free and open to the public, and a reception will follow at 8 p.m.

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Three-Peat: Wheat Farmer Wins National Yield Contest
Capital Press – 11/27/2018
Phillip Gross and the Warden Hutterian Brethren topped the National Wheat Foundation’s annual wheat yield contest for the third time since the contest began three years ago, topping 200 bushels per acre for the first time. Gross represents the Warden Hutterians with his entry. His irrigated winter wheat yielded 202.5 bushels per acre. The group planted the Limagrain Cereal Seeds hard red winter wheat variety LCS Jet. Gross said the group tried to address fertility issues on the crop, keeping the plants healthy and never wanting.

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Source: U.S. Wheat Associates