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Trump Wants Quick Action on USMA

President Donald Trump wants lawmakers to move quickly to approve the U.S.-Mexico-Canada Agreement. The USMCA, Trump’s replacement for the North American Free Trade Agreement, is currently being navigated through procedural hurdles before the administration can present the final proposed agreement to Congress. Lawmakers must consider the agreement on a simple yes or no vote, with no amendments, with Trade Promotion Authority in effect. Politico reports Trump told House Republicans in a meeting this week the administration is preparing for a vote on the agreement before the summer, but a vote by the end of the year is a more likely timeline. Although, a vote is allowed to happen sometime after the U.S. International Trade Commission submits its analysis of the economic impact of the deal on April 19th. The USMCA agreement is considered Trump’s top legislative policy in 2019, before election-year politics muddy the path forward in 2020.

Report: 55% of Corn Acres Face Potential Flooding

A report from Plantalytics says current conditions in the Corn Belt leave 55 percent of the nation’s corn acreage at risk of flooding. Plantalytics is a business weather intelligence firm. The firm reports that major flooding throughout the United States leaves 55 percent of corn acres at risk, along with 60 percent of the nation’s soybean acres to be planted this spring. Thousands of acres have already been inundated with flood waters along the Missouri River, and some will not be used to produce a crop this season. The report follows a forecast by the National Oceanic and Atmospheric Administration, or NOAA, depicting at-risk areas this spring. The Missouri and Mississippi River, throughout nearly all of their length, are at risk for major or moderate flooding. NOAA has much of the eastern U.S. at risk for minor flooding, along with the south and Midwest. The report from Plantalytics based its data on 2018 production of corn and soybeans.

Wednesday’s Closing Grain Bids

March 27th, 2019

 

St Joseph

 

Yellow Corn

3.55 – 3.58

White Corn

no bid

Soybeans

8.29 – 8.39

LifeLine Foods

3.60

 

 

Atchison

Yellow Corn

 3.68 – 3.74

Soybeans

 8.26

Hard Wheat

 4.28

Soft Wheat

 4.28

 

 

Kansas City Truck Bids

Yellow Corn

3.69 – 3.77

White Corn

3.87 – 3.92

Soybeans

8.38 – 8.61

Hard Wheat

4.35 – 4.75

Soft Wheat

 4.40 – 4.55

Sorghum

6.05 – 6.14


USDA Cash Grain Prices

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

Canada, Mexico, Continue to Press for Removal of Steel, Aluminum Tariffs

Canada and Mexico this week are again pressing the Trump administration to remove steel and aluminum tariffs. Canadian Foreign Minister Chrystia Freeland met with U.S. Trade Representative Robert Lighthizer earlier this week and threatened to withhold ratification of the U.S.-Mexico-Canada Agreement if the duties remain in place, according to Politico. Agriculture Secretary Sonny Perdue and others have previously said that if the tariffs remain in place following the implementation of the USMCA, the tariffs would offset any gains reached in the agreement. Specifically, Freeland of Canada is urging the administration to lift the tariffs without replacing them with a quota, telling reporters “Canadians feel the right thing is there should be no 232 tariffs or retaliatory measures between our two countries.” A trade official from Mexico echoed the comments, saying “what industry in North America needs is the elimination of this tariff.”

Trump Effort to Change China Trade Drawing Global Support

The efforts by the Trump Administration that seek trade policy changes by China are drawing global support. Reuters reports the European Union shares many of the same frustrations over China’s technology transfer policies and market access constraints and is a “quiet supporter” of Trump’s efforts with China. That comes though as the U.S. is seeking trade talks with the EU, as well, which agriculture is a key sticking point. The ongoing talks with China continue later this week, and the Trump administration claims to be in the final stages of the negotiation. Agriculture Secretary Sonny Perdue has previously said China could double, or even triple its purchases of U.S. agricultural products as part of a trade agreement. The current tariff climate between China and the U.S. slowed China’s purchases of U.S. farm products, including soybeans and pork. Originally thought to be completed at the end of March, some experts now say a deal may be finalized early this summer.

Flooding Impact Could Include Thousands of Rural Water Wells

Thousands of water wells are located within flooded areas of the Midwest that could be contaminated with E. coli, according to the National Ground Water Association. The Association says the number of wells impacted could be substantial because a large portion of the Midwest affected by flooding relies on groundwater for rural and small municipal water supply. Household, farm, and small business wells could be standing in water for several days, raising the potential for contamination. While the exact number of wells possibly affected by contaminated floodwater cannot be readily counted, Census Bureau data show over one million wells in 300 counties impacted by flooding. This estimate includes counties flooded in Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin during the March 2019 winter storm. Following a flood, disinfection and wellhead repair may be common needs among well owners. Well relocation and elevation may also be useful and protective. The association says well owners should continue to monitor and test their systems.

Tuesday’s Closing Grain Bids

March 26th, 2019

 

St Joseph

 

Yellow Corn

3.58 – 3.63

White Corn

no bid

Soybeans

8.43 – 8.52

LifeLine Foods

3.63

 

 

Atchison

Yellow Corn

 3.71 – 3.79

Soybeans

 8.40

Hard Wheat

 4.28

Soft Wheat

 4.29

 

 

Kansas City Truck Bids

Yellow Corn

3.70 – 3.80

White Corn

3.91 – 3.96

Soybeans

8.51 – 8.74

Hard Wheat

4.33 – 4.73

Soft Wheat

 4.39 – 4.54

Sorghum

6.11 – 6.20


USDA Cash Grain Prices

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

Importers of Illegal Pork May Face Fine

The illegal pork discovered by border agents from China could lead to fines for the importer of the products. However, the exporter, being China, is not likely to be penalized, according to officials, who say “It’s very difficult to penalize an exporting country,” adding “You have to have a very large burden of proof to prove what they’re doing,” as reported by Reuters. The U.S. and other nations remain on high alert to illegal imports of pork from nations with African swine fever. Customs Border and Protection say the shipment recently found included pork, but not all items in the one-million-pound shipment were pork, as previously announced. The containers seized also had noodles and tea bags that were used to facilitate the unlawful import of pork products. Because China has wide-spread African swine fever, U.S. agriculture and border officials say the imported pork may contain the virus, which is a threat to the U.S. pork industry. However, the U.S. will not test the product to confirm that, as officials say all products found in violation of U.S. regulations are destroyed.

Farm Futures Planting Survey Shows Less Corn Acres than USDA

Farmers indicate they may plant less corn than previously thought by the Department of Agriculture, according to the annual Farm Futures planting survey. The survey of 1,000 producers nationwide says that after planting more soybeans than corn in 2018 for the first time in 35 years, farmers want to return to more normal rotations this spring. However, with the impact of trade tariffs, weather and current conditions in the farm economy, many are looking for alternative crops. The survey reported corn acreage at 90.9 million, up 1.7 million from last year. The 1.9 percent increase was less than the 92 million in the USDA forecast over the winter. Farmers expect soybean plantings at 85.9 million, down 3.3 million, or 3.7 percent from last year. Still, soybean acres are reported higher than the 85 million USDA forecasted recently. The survey also found winter wheat plantings are expected at 31.3 million acres, which would drop all-wheat seedings to 45.9 million, down 2.4 million or 5.1 percent from 2018. That would be the lowest total since at least 1919.

Flood Damages Estimated at $3 Billion

Damages from flooding in the Midwest are now estimated to top $3 billion, with threats of more flooding on the horizon. President Donald Trump has approved federal disaster declarations for counties in Iowa and Nebraska. Iowa officials say agriculture losses are at least $214 million. The Missouri River flooding will continue as an above normal snowpack in the North begins to melt and move downstream. Forecasters warn the flooding could continue through May. Meanwhile, other states in the region have also experienced severe flooding, including Illinois, Missouri, South Dakota and Wisconsin. With Congress back in session, the growing price tag could ramp up pressure on lawmakers to offer additional aid, according to Politico, as flood relief will be in the mix when the Senate takes up a House-passed $14.2 billion disaster aid package. The Senate is expected to vote on the measure this week.

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