U.S. wheat farmers are concerned with the recent move by Japan to ratify the updated Trans-Pacific Partnership last week. U.S. Wheat Associates says implementation of the Comprehensive and Progressive Trans-Pacific Partnership without the United States is “a time bomb” set to demolish more than 60 years of work to develop a “large and loyal market” for U.S. wheat in Japan. …
More Details on Crop Acreage Report
Tyron Spearman looks at more numbers from Friday’s USDA 2018 planted acreage reports.
Farm Credit Outlook Shows Prices for Grains to Strengthen
An outlook presented to the Farm Credit Administration shows corn and soybean prices are projected to strengthen, boosting profit margins for crop farmers. The report shows profit margins are expected to decline for livestock producers though, as rising grain prices drive up feed costs, and Southwest pasture conditions deteriorate because of severe drought. The quarterly report also notes that uncertainties …
Planting Dates for Crop Insurance
There have been some questions concerning planting date deadlines for crop insurance. So Tyron Spearman has a story that hopefully answers those questions. Planting Dates for Crop Insurance
USDA Projects Smaller Corn, Soybean Crops
The May World Agricultural Supply and Demand Estimates from the Department of Agriculture projects smaller corn and soybean crops this year. The corn crop is projected at 14.0 billion bushels, down from last year with a lower forecast area and yield. The yield projection of 174.0 bushels per acre is based on a weather-adjusted trend assuming normal planting progress and …
Wheat Growers Talk Farm Bill with Lawmakers in Washington, D.C.
Officers of the National Association of Wheat Growers are in Washington, D.C. this week meeting with members of Congress. The wheat growers are stressing the importance of passing a farm bill this year. NAWG President Jimmie Musick of Oklahoma says its “critical” to talk with lawmakers about completing the farm bill reauthorization before the current farm bill expires. Members of …
First-Ever WTO Counter Notification Against India’s Market Price Support Issued by U.S.
U.S. Trade Representative Robert Lighthizer and Secretary of Agriculture Sonny Perdue announced that the United States submitted a counter notification in the World Trade Organization (WTO) Committee on Agriculture (COA) on India’s market price support (MPS) for wheat and rice. Filed on May 4, 2018, this is the first ever COA notification under the WTO Agreement on Agriculture regarding another …
WASDE Report Predicts Record Soybean Crop for Brazil
The latest World Agriculture Supply and Demand (WASDE) Report from the Department of Agriculture shows Brazil is reaching a record soybean planting. USDA predicted a record Brazilian soybean crop in the report Tuesday of 115 million metric tons, or 4.2 billion bushels. Domestically, U.S. soybean supply and use changes for 2017/18 include increased crush, lower seed and residual use, and …
Agri View: Bad Trade Deal for Agriculture
Everett Griner talks about the United States leaving TTP hurting agriculture in today’s Agri View. Bad Trade Deal for Agriculture Well, all 12 nations that make up the Trans-Pacific Partnership (TPP) have signed the agreement. All except one. That one is us. The United States. Our President has already announced that we are out. The country’s wheat farmers fear this …
USDA Report Indicates Increased Corn Demand
The Department of Agriculture (USDA) has increased corn demand in it’s latest forecast for the 2017-18 crop year. The monthly World Agriculture Supply and Demand report increased exports of corn by 175 million bushels to 2.2 billion bushels based on price competitiveness, and increased expected corn ethanol use by 50 million bushels to 5.5 billion bushels. The average price for …