China is Said to Consider Buying up to 7M Tons of U.S. Wheat
Bloomberg – 01/22/2019
Chinese officials are considering purchasing as much as 7 million tons of U.S. wheat depending on the progress of trade talks, according to people with knowledge of the matter. China may buy a small amount initially and increase purchases if talks go well said the people, who asked not to be identified as the information is confidential.
Brazil Taking Steps to Move More Grains
The government of Brazil plans to privatize southern airports in the second quarter of 2019 and will have the Ferrograo and FIOL railway projects serving the central grain belt ready for bidding later this year or early in 2020, according to Reuters. Adalberto Santos de Vasconcelos, secretary for the Investment Partnerships Program, also told Reuters that Miner Vale S.A. and logistics company Rumo S.A. are expected to sign early renewal of rail concessions this year.
The Shutdown is Tilting Ag Markets Against Banks and Farmers
Bloomberg – 01/23/2019
For the world’s largest agricultural-commodity traders, the longest-ever U.S. government shutdown feels like a flashback. In the absence of crucial government crop reports, the likes of Archer-Daniels-Midland Co., Bunge Ltd., Cargill Inc. and Louis Dreyfus Co., known collectively as the ABCDs, are tapping their wide networks and in-depth research to navigate markets.
Farm Bureau Economists Share Insights on Trade, Taxes, the Farm Economy and More
Farm Bureau– 01/22/2019
From the outlook on the overall U.S. economy to the impacts of tariffs and tax reform on farmers and ranchers, the American Farm Bureau Federation’s four economists shared their insights on a variety of topics during a workshop at the American Farm Bureau Federation’s 100th Annual Convention.
The Lack of Data Intensifies Pressure on Traders
Food Business News – 01/22/2019
When trading commodities, either physical, futures and/or options, access to data, analysis and market insight is critical, even if it may not significantly alter a trading position. For the grain processing and food industries, a highlight occurs annually in the second week of every January, when more data are released by the U.S. Department of Agriculture than on any week during the year. That didn’t happen this year.
NWF Opens 2019 National Wheat Yield Contest
Morning AgClips – 01/22/2019
The National Wheat Foundation (NWF) is pleased to announce that it is accepting grower enrollment for the 2019 National Wheat Yield Contest! The Contest is divided into two primary competition categories: winter wheat and spring wheat, and two subcategories: dryland and irrigated.
Source: U.S. Wheat Associates