We have a brand new updated website! Click here to check it out!

Trump China Trade War Troubling Talks with Japan

The ongoing trade war with China is threatening trade relations with Japan. Reuters reports that the start of a second round of trade talks between Japan and the United States will be delayed until after fresh tariffs imposed on China by the United States come into force on September 24th. Japan’s Prime Minister Shinzo Abe and President Trump were expected to meet during a U.N. General Assembly debate next week. Japan is trying to avoid steep tariffs on its car exports and stay away from bilateral free trade agreements, a demand by the Trump administration. Japan fears a bilateral agreement could force the nation to open sensitive markets, including agriculture, to U.S. trade. Japanese officials are calling on the Trump administration to quickly end the trade war with Japan, and in attempt to avoid a bilateral agreement, Japan is urging the U.S. to consider rejoining the Trans-Pacific Partnership.

Tariffs Harming Ag Equipment Makers

More tariffs in the tit-for-tat trade war between the U.S. and China means more suffering for agriculture and agricultural equipment makers. Feeling the brunt of the trade war since it started with tariffs on steel and aluminum, manufacturers of agriculture equipment are eager to see a swift resolve. Just last week, a coalition of manufacturing groups and associations sent a letter to U.S. Trade Representative Robert Lighthizer urging the Trump Administration not to move forward with this latest round of tariffs. Association of Equipment Manufacturers President Dennis Slater says the “extreme use of tariffs hurts our nation’s access to global markets” and threatens many of the 1.3 million equipment manufacturing jobs. Slater called for the administration to look for ways to improve trade with China, instead of “doubling down on tactics that only lead to continued retaliatory actions.”

Farm Bill Delay Possible as Deadline Looms

The farm bill deadline at the end of the month could pass without a new farm bill or an extension. As the pace of the farm bill committee stalls, leadership says the actual deadline that would have any impact on farm country is in December, if the bill is stalled further. The committee has a deadline of September 30th to get the bill passed and on the President’s desk for signature before current law expires. However, no major breakthroughs were reported earlier this week. Senate Ag Committee leaders Pat Roberts and Debbie Stabenow told Politico that “any pain from a lapse would not really be felt until December,” suggesting the deadline may be moved back. Stabenow said: “We’re not sure we actually need an extension.” Disagreements remain regarding conservation programs and the Supplemental Nutrition Assistance Program, which is the biggest issue to resolve.

Tuesday’s Closing Grain Bids

September 18th, 2018

 

St Joseph

 

Yellow Corn

3.15

White Corn

3.15

Soybeans

7.31 – 7.47

LifeLine Foods

 3.19

 

 

Atchison

Yellow Corn

 3.00 – 3.03

Soybeans

 7.31

Hard Wheat

 4.56

Soft Wheat

 4.35

 

 

Kansas City Truck Bids

 

Yellow Corn

3.12 – 3.13

White Corn

3.43 – 3.49

Soybeans

7.69

Hard Wheat

5.16

Soft Wheat

 4.86

Sorghum

5.06


USDA Cash Grain Prices

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

U.S. Ag Coalition Sponsors U.S.-Cuba Business Meetings

A coalition of agriculture groups plan a U.S.-Cuba ag business conference in November. The U.S.-Cuba Agriculture Business Conference, according to organizers, comes at a time when U.S. agriculture needs to expand into new markets. Cuba continues to depend on imports for 80 percent of its food supply, and the coalition says Congress is poised in the Farm Bill to allow USDA export promotion programs to be used in Cuba. Coalition chair Paul Johnson says the event “will help inform and connect the people who can work to make those things happen.” The conference offers participants a chance to meet ministers, leaders of agriculture industry, farmers, cooperatives and decision makers in Cuba’s newly formed government. The conference is planned for November 8-10 in Havana. Registration information is available at visit www.usagcoalition.com.

U.S. Continues Demand for Dairy Fix in NAFTA

The United States still demands a dairy fix in the North American Free Trade Agreement, but Canada still wants to protect its dairy industry. While Canada may be ready to give some concessions on dairy market access, Prime Minister Justin Trudeau and his allies have strong political motivations to stand firm. A trade lawyer told Politico this week that much of the focus is on Canada’s Class 7 milk, a class created last year that has disrupted trade between the U.S. and Canada. The trade expert says those talks are “highly technical” and will take days to complete, but suggested an agreement is still possible, “even likely this week.” Talks between the U.S. and Canada are expected to continue with an overall goal to complete the agreement by the end of this month. Mexico officials are also back in Washington, DC to propel the handshake agreement between the U.S. and Mexico forward.

Garth Brooks Announces Private Concert for the National FFA Organization

Garth Brooks, will take the stage in Indianapolis for a private show at this year’s 91st National FFA Convention & Expo. The youth leadership organization is dedicated to preparing members for leadership and careers in the science, business and technology of agriculture, and boasts a membership of nearly 670,000 nationwide. The National FFA Convention & Expo remains one of the largest student conventions in the world, annually drawing more than 65,000 attendees. “The National FFA Convention & Expo is a celebration of our members, and what better way to celebrate by providing them the opportunity to hear a legend perform at our convention,” says Mark Poeschl, CEO of the National FFA Organization. “I’m excited to welcome Garth and his team to the National FFA Convention. I know our guests will be thrilled to experience Garth in concert!” Garth will take the stage Oct. 24 at Lucas Oil Stadium for a once in a lifetime experience for the exclusive crowd attending this year’s national FFA convention and expo.

Monday’s Closing Grain Bids

September 17th, 2018

 

St Joseph

 

Yellow Corn

3.20

White Corn

no bid

Soybeans

7.43 – 7.58

LifeLine Foods

 3.28

 

 

Atchison

Yellow Corn

 3.08

Soybeans

 7.40

Hard Wheat

 4.52

Soft Wheat

 4.31

 

 

Kansas City Truck Bids

 

Yellow Corn

3.17 – 3.18

White Corn

3.48 – 3.18

Soybeans

7.79

Hard Wheat

5.13

Soft Wheat

 4.81

Sorghum

5.14


USDA Cash Grain Prices

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

Mexico Heading to Washington to Move NAFTA Forward

Mexican officials are on their way to Washington to work on the wording of the trade agreement between Mexico and the U.S. A Bloomberg article says they’re prepared to enter a bilateral agreement with the U.S. that would leave current NAFTA partner Canada out of the trading block. Kenneth Smith Ramos, Director of Trade and the NAFTA Office at the Mexican Embassy in Washington, will work on the wording of the agreement that President Donald Trump intends to sign by the end of November. Ramos will be the first high-level Mexican official to make the trip to Washington, D.C. since they announced the framework of an agreement in August. In the meantime, Canadian officials are huddling with Prime Minister Justin Trudeau only two weeks after the nation rejoined the talks. Mexico has been vocal in wanting Canada to stay in the pact but is preparing for life without the third trading partner. Canadian Foreign Minister Chrystia Freeland is leading the efforts to hammer out a deal. Trudeau says on television that Canada won’t sign any agreement that isn’t too Canada’s advantage.

Trump: the U.S. Under “No Pressure” to Make Deal with China

President Donald Trump pushed back at the Wall Street Journal, which ran an article saying the U.S. was under pressure to make a deal with China. The Hill Dot Com says Treasury Secretary Steven Mnuchin (Muh-NOO-chin) recently invited Chinese officials to come to Washington for negotiations, which Beijing accepted. The Wall Street Journal reported that the invite came about because of political pressure on Trump to at least ease up on trade fights ahead of the November midterms. Trump announced on Twitter that, “The Wall Street Journal has it wrong. We are under no pressure to make a deal with China. They are under pressure to make a deal with us. Our markets are surging, theirs are collapsing. We’ll soon be taking in billions in tariffs and making products at home. If we meet, we meet.” While the U.S. economy is seeing faster economic growth and joblessness at near record-low levels, China’s economy is facing long-term questions, including a sharp drop in its currency value. A new group called Americans for Free Trade launched an advertising campaign to fight back against Trump’s tariffs, saying they’re hurting the U.S. economy.

Copyright Eagle Radio | FCC Public Files | EEO Public File