nafta

Wheat Industry Looks for New NAFTA Opportunities, But Priority Remains Do No Harm

U.S. Wheat Associates (USW) and the National Association of Wheat Growers (NAWG) urge caution as the Trump Administration officially submitted to Congress its notice of intent to renegotiate the North American Free Trade Agreement (NAFTA). The U.S. wheat industry welcomes the opportunity for improving the framework for cross border wheat trade between the United States, Canada, and Mexico, but would …

margin protection

USDA Approves Modifications to Margin Protection Plan of Insurance for Crops

The U.S. Department of Agriculture’s Risk Management Agency this week announced greater crop insurance options for farmers against unexpected decreases in their operating margin. Offered through the federal crop insurance program, margin protection insurance for corn, wheat, rice and soybeans will be available in more states and have updates designed to better clarify the real input costs covered beginning in …

Cargill grain glut

Cargill: Grain Glut to Last

Cargill expects international grain markets to remain oversupplied. The company’s CEO told Reuters recently that the oversupply will remain “for a long time” due to bountiful harvests and an increase of crops in storage. Global corn, wheat and soybean inventories have increased over the last four years in the longest stretch of gains since the late 1990s, according to the …

report

May WASDE Report Mostly Neutral

The monthly World Agricultural Supply and Demand Estimates report by the Department of Agriculture released Wednesday predicts a U.S. corn crop of 14.06 billion bushels, down 1.08 billion from last year. The monthly report is also projecting a U.S. soybean crop of 4.25 billion bushels, down from the 4.3-billion-bushel crop last year. USDA projects ending stocks for new crop corn …

wheat growers

Wheat Growers: Prospective Plantings Report Alarming

National Association of Wheat Growers finds wheat plantings included in the Department of Agriculture’s Prospective Plantings report alarming. The recent report anticipates that all wheat plantings will be at 46.1 million acres, which is down eight percent from 2016. For winter wheat specifically, the planted area is estimated at 32.7 million acres, which is down nine percent from last year, …

India Reconsidering Wheat Import Tax

Two sources in the Indian government told Reuters this week that India could impose a 25-percent wheat import tax by the middle of March. That move would reinstate the tariff after a three-month gap as a response to recent large purchases from overseas.