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 …
Celebrating National Flour Month
Cathy Isom continues her series this week on celebrating food with the crucial baking ingredient recognized in the month of March. That’s coming up on This Land of Ours. Celebrating National Flour Month Although it is not as well known as some of the other significant food holidays, March bears another significant honor — National Flour Month. When it comes …
Study Of U.S. Grains Council ROI
$20 In Tax Revenue For Every $1 In Farm Bill Spending On Export Market Development Spending on overseas market development for U.S. feed grains and related products increased the value of those exports by an average of $1.71 billion per year from 2010 to 2014 and increased U.S. gross domestic product (GDP) by an average of $5 billion per year, …
USDA February WASDE Report
The latest monthly World Agriculture Supply and Demand Estimates (WASDE) report from the Department of Agriculture shows lower estimated soybean exports for the 2017-18 crop year. USDA lowered soybean exports by 60 million bushels to 2.1 billion bushels. The U.S. season-average soybean price range for 2017/18 is projected at $8.90 to $9.70 per bushel, unchanged from the previous report. USDA …
ADM, Bunge Talks Advancing
Talks between ADM and Bunge are advancing, and ADM says it could reach an agreement to purchase Bungee as soon as this week. Archer Daniels Midland, or ADM, proposed a takeover of Bunge last month, as Reuters points out that large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled with global oversupplies and …