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Monday’s closing grain bids

May 6th, 2019

 

St Joseph

 

Yellow Corn

3.49 – 3.52

White Corn

no bid

Soybeans

7.70 – 7.85

LifeLine Foods

3.64

 

 

Atchison

Yellow Corn

 3.59 – 3.74

Soybeans

 7.65

Hard Wheat

 3.78

Soft Wheat

 3.97

 

 

Kansas City Truck Bids

Yellow Corn

3.54 – 3.73

White Corn

3.67 – 3.76

Soybeans

7.80 – 8.05

Hard Wheat

3.94 – 4.30

Soft Wheat

 4.07 – 4.27

Sorghum

5.97


USDA Cash Grain Prices

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

Republican Senators talk tariffs, Trump unresponsive

Republican Senators met with President Donald Trump last week to discuss steel and aluminum tariffs and the effect they’re having on possible passage of the U.S.-Mexico-Canada Trade Agreement. Bloomberg says the senators talked about economic and political concerns on the tariffs, the negotiations with China, as well as new tariffs that Trump is threatening to impose on auto imports from the European Union.

The group emphasized just how important it is to get Trump’s trade deal with Canada and Mexico passed through Congress. Senate Finance Committee Chair Chuck Grassley told the president they want to work with him to “get past the steel and aluminum tariff issue so USMCA can become law.”

However, Bloomberg says the appeal didn’t seem to work. Trump followed up the meeting with a Twitter post declaring that “the tariffs are working for Pennsylvania,” one of the key states that helped him to get elected. Grassley’s most pointed attack on the president’s tariffs came in a Wall Street Journal op-ed piece. Grassley wrote that Trump’s signature trade agreement is “dead-on-arrival if he decides not to lift the tariffs on steel and aluminum.”

Perdue announces top sites for ERS and NIFA relocations

(USDA) U.S. Secretary of Agriculture Sonny Perdue on Friday announced the finalists of the 136 Expressions of Interest received from parties in 35 states vying to become the new homes of the U.S. Department of Agriculture’s Economic Research Service (ERS) and National Institute of Food and Agriculture (NIFA).

Secretary Perdue said that “This short list of locations took into consideration critical factors required to uphold the important missions of ERS and NIFA. We also considered factors important to our employees, such as quality of life. Relocation will help ensure USDA is the most effective, most efficient, and most customer-focused agency in the federal government, allowing us to be closer to our stakeholders and move our resources closer to our customers.”

The top Expressions of Interest were reviewed in detail, and USDA selected a short list of locations offering existing buildings with sufficient space to meet ERS and NIFA requirements. The top three Expressions of Interest under consideration are: the Greater Kansas City Region in KS and MO, the Research Triangle Region in NC, and multiple locations in IN.

Besides the top 3, the USDA says that two other Expressions of Interest remain under consideration as alternative locations should the top three locations not suit USDA’s needs: St. Louis, MO and Madison, WI.

As part of the site selection process, USDA narrowed the Expressions of Interest list using a set of established criteria defined by USDA, NIFA, and ERS leadership. The criteria included: Quality of Life, Costs (Capital and Operating), Workforce, and Logistics / IT Infrastructure.

More information about the site selection process can be found at, https://www.usda.gov/media/press-releases/2018/12/21/perdue-announces-ers-nifa-site-selection-criteria

Congress once again taking up disaster aid

(NAFB) The U.S. House is set to work on a disaster aid bill that includes financial help for Midwestern and Southern Farmers. The Hagstrom Report says House Majority Leader Steny Hoyer made the announcement last week as the House adjourned until tomorrow. Hoyer says the House will consider H.R. 2157, which is the Supplemental Appropriations Act of 2019.

“The legislation would provide relief and recovery assistance to Americans that have been affected by recent natural disasters,” Hoyer says. “It includes an additional $3 billion to address serious needs that resulted from flooding in the Midwest and tornadoes in the South.”

Meanwhile, Senate Republicans say they have a plan put together that includes $300 million in additional aid to Puerto Rico, which Democrats want. They also say that President Trump has agreed to support the bill. Republican Senator David Perdue of Georgia says that Trump is “on board.” Perdue also told the Washington Post that, “I hope the logjam in Congress is breaking. I honestly think both sides are trying right now.”

Friday’s closing grain bids

May 3rd, 2019

 

St Joseph

 

Yellow Corn

3.48 – 3.59

White Corn

no bid

Soybeans

7.82 – 7.97

LifeLine Foods

3.71

 

 

Atchison

Yellow Corn

 3.66 – 3.80

Soybeans

 7.77

Hard Wheat

 3.76

Soft Wheat

 3.98

 

 

Kansas City Truck Bids

Yellow Corn

3.61 – 3.80

White Corn

3.77 – 3.83

Soybeans

7.92 – 8.12

Hard Wheat

3.92 – 4.29

Soft Wheat

 4.08 – 4.28

Sorghum

6.08


USDA Cash Grain Prices

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

Second Hours-of-Service Bill Introduced in Congress

The Transporting Livestock Across America Safely Act was introduced in the Senate earlier this week. Now, House Ag Committee Chair Collin Peterson and Greg Pence of Indiana introduced H.R. Bill 2460, the Modernizing Agricultural Transportation Act. The legislation is a companion to a Senate Bill introduced last February and already drawing bipartisan supporters. It would require the Secretary of Transportation to establish a working group to study regulatory and legislative improvements for the livestock and agricultural commodities transport industries. The working group would then be charged with presenting a report to the Secretary of Agriculture that would identify the “initiatives and regulatory changes that maintain and protect the safety of highways and allow for the safe, efficient, and productive marketplace transport of livestock, and agricultural commodities.” Steve Hilker, U.S. Cattlemen’s Association Transportation Committee Chair, says they appreciate Congress working to come up with solutions to allow for the safe and efficient movement of cattle throughout the country. “New regulations imposed in 2017 don’t work for the livestock transportation industry,” Hilker says. “We’ve been working with members of Congress and the Administration to find regulations that enhance highway safely, while also allowing haulers to deliver their live cargo as humanely as possible.”

Trump Tariffs Must Go Before USMCA Vote in Congress

As agriculture lobbies Congress to introduce and pass the U.S.-Mexico-Canada Trade Agreement, there could be a battle brewing over the ending of U.S. trade tariffs. Iowa Republican Senator Chuck Grassley says there is no way Congress will consider the new North American trade deal until President Trump lifts the tariffs that have caused other countries to implement retaliatory tariffs that have hit U.S. farmers hard. Grassley told reporters this week that Trump has to end the steel and aluminum tariffs in place on our North American trading partners before Congress will take up the USMCA Agreement. Farmers across the country have been suffering economically because of the reciprocal tariffs in place on all kinds of agricultural products. Grassley says tariffs could also make it more difficult to get a trade deal done with China. Grassley was expecting to meet Thursday face-to-face with Trump at the White House to talk trade. The long-time Senator says tariffs are “keeping the president on the cusp of a big win” with Canada and Mexico, especially as he’s days or weeks away from potentially establishing a trade agreement with China. An Associated Press report says the President is hesitant to remove the tariffs because he feels they’ve forced other countries to make deals more favorable to the U.S.

EPA Considering Compromise Plan on Ethanol Waivers

Two industry sources have told Politico that Environmental Protection Agency Administrator Andrew Wheeler is looking at a compromise plan when it comes to ethanol waivers. Wheeler is considering a plan that would offer small refineries partial relief from blending requirements set forth in the Renewable Fuels Standard. Politico says the move could be a potential compromise between the ethanol and oil industries, two of President Trump’s core support groups. 36 refineries have sent in requests for exemptions from their 2018 blending requirements. Corn and ethanol groups say the waivers continue to undermine the ethanol standard and reduce demand for the biofuel. A Reuters report from Wednesday says the EPA has suspended a plan that would publish the names of each refinery that gets a biofuel blending exemption. Both the White House and the oil industry came out in opposition to making the names public. A group of Republican senators asked Wheeler to account for the ethanol blend wall and reset statutory targets so that the contributions of conventional biofuel is below an implied 10 percent level for 2020, or 14.2 billion gallons. The Renewable Fuels Association says the EPA should instead utilize its reset authority to reallocate lost volumes from its excessive use of small refinery waivers.

Thursday’s closing grain bids

May 2nd, 2019

 

St Joseph

 

Yellow Corn

3.47 – 3.58

White Corn

no bid

Soybeans

7.83 – 7.98

LifeLine Foods

3.71

 

 

Atchison

Yellow Corn

 3.62 – 3.80

Soybeans

 7.78

Hard Wheat

 3.80

Soft Wheat

 4.04

 

 

Kansas City Truck Bids

Yellow Corn

3.61 – 3.80

White Corn

3.78 – 3.82

Soybeans

7.93 – 8.03

Hard Wheat

3.95 – 4.32

Soft Wheat

 4.14 – 4.34

Sorghum

5.83 – 5.93


USDA Cash Grain Prices

For more information, contact the 680 KFEQ Farm Department.
816-233-8881.

Peterson: South America seeks improved infrastructure to become stronger

Following a trip to South America, House Agriculture Committee Chairman Collin Peterson said he believes South America as a competitor to the U.S. will “only become stronger with time.” Peterson led a delegation to South America to see firsthand its impact and potential in global agricultural trade.

The delegation saw the commitment South America has to improve its infrastructure, a key issue holding back the region when it comes to exports. During meetings, the delegation learned that the country is looking to attract billions in private investment to improve the country’s infrastructure, and in particular the capacity of its agricultural supply chain.

Peterson says “it’s only a matter of time” before infrastructure investments improve the export of agricultural products, and “cut into” the competitive advantage the U.S. enjoys over South America. Further, Peterson says the Chinese are “happy to buy everything the South Americans can grow” right now, while the U.S. is embattled in trade negotiations and facing retaliatory tariffs.

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