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Thursday’s closing grain bids

July 5th, 2018

 

St Joseph

 

Yellow Corn

3.33 – 3.42

White Corn

no bid

Soybeans

8.17 – 8.19

LifeLine Foods

 3.45

 

 

Atchison

Yellow Corn

 3.47 – 3.49

Soybeans

 8.04

Hard Wheat

 4.73

Soft Wheat

 4.50

 

 

Kansas City Truck Bids

 

Yellow Corn

3.43

White Corn

3.52 – 3.60

Soybeans

8.29 – 8.34

Hard Wheat

5.33

Soft Wheat

 5.08 – 5.11

Sorghum

5.58


USDA Cash Grain Prices

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

Final Countdown for 2017 Census of Agriculture

There is still time to complete the Census of Agriculture for producers who may have missed the June 15th deadline. A Farm Journal report notes that completed forms were first due from farmers back in February, but the deadline has been extended through the end of July. A press release from the National Agricultural Statistics Service says they extended the original deadline because a large number of producers still hadn’t been counted in the census. If producers aren’t represented in the survey, they risk being underserved in areas like farm programs, disaster assistance, agricultural research, local policies, and business. NASS says that’s why it’s so important that they hear from as many farmers as possible. Barbara Rater, the Census and Survey Division Director at NASS, says the census tells the whole story of agriculture. “Even smaller plots of land, both rural or urban, that grow fruit, vegetables, or even some small food animals, count in the survey if $1,000 worth of those products were sold,” Rater says. She said the census is a critical tool that gives producers an important voice in decisions that have a direct impact on their future.

Mexico’s New President Wants NAFTA Deal

Andres Manuel (Man-WELL) Lopez Obrador is the new president of Mexico, winning the election in what an Associated Press article called a “crushing victory.” The morning after he won the new job, he thanked U.S. President Donald Trump for his congratulatory message and said he’ll reach out to the U.S. leader to “reach an understanding.” Lopez Obrador called the congratulatory Tweet from Trump “very respectful,” and says that’s the kind of relationship he wants to maintain with the U.S. government, one of mutual respect. The AP article notes that Lopez Obrador has been compared to the U.S. president because of his populist, national rhetoric, and sometimes “touchy” personality, as well as his past skepticism over the North American Free Trade Agreement. But, Lopez Obrador says he supports reaching a new NAFTA deal with the U.S. and Canada. Talks have been stalled recently because of the Trump Administration’s demands for higher U.S. content in automobiles and a “sunset clause” in the new deal. The new Mexican President plans on letting the country’s current negotiators represent their interests until he takes office on December 1st, and then he’ll name his own team of experts to take over.

Anger Rises as Tariffs Take Effect

Lawmakers may have left steamy Washington, D.C., for cooler temperatures, but Politico says they’ve only just begun to heat up talks to kill President Donald Trump’s rapidly spreading tariff war. In talking about Trump’s tariffs, Senator Orrin Hatch of Utah says, “I want to kill them.” The Finance Committee chaired by Hatch is working on legislation to rein the president in. Republican Senators Bob Corker of Tennessee and Pat Toomey of Pennsylvania are still working on what some have called a “hand grenade” amendment to stop Trump’s trade offensive. Politico says Republican sources tell them not a party meeting goes by where Republicans don’t fume over why the president isn’t listening to them on trade. Senate Ag Committee chair Pat Roberts says his committee has met with the president on trade, but says, “Trump is a protectionist who has his policy wrapped around the rear axle of a pickup and it’s hard to get out.” The U.S. Chamber of Commerce released a report highlighting how much every state is affected by retaliatory tariffs. “The administration is threatening to undermine the economic progress it worked so hard to achieve,” says Chamber President and CEO Tom Donohue.

Tuesday’s closing grain bids

July 3rd, 2018

Markets closed Wed. for Holiday

 

St Joseph

 

Yellow Corn

3.37 – 3.43

White Corn

no bid

Soybeans

8.25

LifeLine Foods

 3.45

 

 

Atchison

Yellow Corn

 3.45 – 3.49

Soybeans

 8.13

Hard Wheat

 4.54

Soft Wheat

 4.36

 

 

Kansas City Truck Bids

 

Yellow Corn

3.43

White Corn

3.53 – 3.57

Soybeans

8.38 – 8.43

Hard Wheat

5.14

Soft Wheat

 4.93 – 4.96

Sorghum

5.67


USDA Cash Grain Prices

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

More Ag Tariffs In Place This Week

Major U.S. trading partners, including China, Canada, and Mexico are hitting back against the Trump Administration’s trade policies by putting retaliatory duties on almost $50 billion worth of U.S. goods. Politico says the final list of tariffs in Canada includes a lot of U.S. agricultural products, including orange juice, maple syrup, and U.S. prepared beef products. Canada’s Foreign Minister says they have no choice but to retaliate with a perfectly reciprocal dollar-for-dollar response. Later this week, Mexico will carry out the second part of a two-part process targeting almost $3 billion worth of U.S. goods. That includes $2.5 billion worth of American agricultural products, including cheese, pork hams and shoulders, apples, sausages, frozen potatoes, frozen cranberries, orange juice, and whiskey. The Trump Administration will likely escalate things on Friday by imposing a 25 percent duty on about $34 billion in additional Chinese goods. China is expected to immediately respond by implementing a 25 percent duty on about $34 billion worth of U.S. exports, including soybeans and cars.

Kansas Announces Pilot Disease Traceability Program for Cattle

Kansas state government officials and leaders from the Kansas livestock industry announced a new program called the Cattle Trace Pilot Project. Cattle Trace is a unique public-private project that will develop and test a cattle disease traceability infrastructure in the state, which will hopefully be a catalyst in discussing and designing a national traceability program. Kansas Governor Jeff Colyer was at a weekend event announcing the pilot project and says Kansas is home to some of the finest beef producers in the country. “We are proud that the Kansas beef industry has taken the lead in this important project that will enhance our ability to protect cattle health here and across the nation,” Colyer says. Kansas beef producers, as well as state government officials, consider cattle disease traceability to be an important component in the overall viability and biosecurity of the U.S. beef industry, playing a significant role in resuming and maintaining commerce in the event of a disease outbreak. The development of a viable end-to-end cattle disease traceability system is a top priority in the beef industry in Kansas and across the country.

Trump Administration Drafting Bill to Pull U.S. Out of WTO?

The website AXIOS, as well as AOL, are both reporting that the Trump Administration has drafted a bill that would abandon the United States’ commitment to the World Trade Organization’s rules. Trump has reportedly been discussing the withdrawal of the U.S. from the WTO altogether. However, Congress is unlikely to approve the measure. Administration officials involved in drafting the legislation tell AXIOS that the idea is “insane.” The draft bill would reportedly give the president the power to ignore the international trade rules set by the World Tradt Organization, according to a draft copy obtained by AXIOS. The draft bill is known as the United States Fair and Reciprocal Tariff Act, which would essentially allow President Trump to unilaterally raise tariffs without Congressional approval. The WTO maintains a rules-based system meant to resolve international trade disputes, end unfair trade practices, and head off potential trade wars. But, the president has reportedly said foreign countries use the organization to “screw over the United States.” Should the U.S. actually walk away from the WTO, it would undermine the entire system of trade rules agreed upon by the international community.

Monday’s closing grain bids

July 2nd, 2018

 

St Joseph

 

Yellow Corn

3.24 – 3.37

White Corn

no bid

Soybeans

8.30 – 8.35

LifeLine Foods

 3.38

 

 

Atchison

Yellow Corn

 3.42 – 3.44

Soybeans

 8.18

Hard Wheat

 4.40

Soft Wheat

 4.25

 

 

Kansas City Truck Bids

 

Yellow Corn

3.38

White Corn

3.49 – 3.64

Soybeans

8.44 – 8.49

Hard Wheat

5.01

Soft Wheat

 4.82 – 4.85

Sorghum

5.58


USDA Cash Grain Prices

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

NCBA Responds to Canada Tariff Hikes on U.S. Beef Imports

Canada has announced it will place higher tariffs on U.S. beef imports starting on Sunday, July 1. Kent Bacus is the NCBA Director of International Trade and Market Access, and he says Canada has finally followed through on actions it’s been threatening for months. “Canada has followed through on a threat to slap a tariff on $170 million worth of U.S. beef products in direct response to the steel and aluminum tariffs,” he said. “Now, they’ve made good on that threat. These retaliatory tariffs are clearly still avoidable. The unfortunate casualties will be Canadian consumers, as well as American cattlemen and cattlewomen.” He adds that the NCBA may not know the extent of the damage done to American producers, but the NCBA says cooperation is a better path forward than escalation. Bacus adds, “As Canadians gather to celebrate Canada Day and we prepare to celebrate American Independence, we encourage our government and the Canadian government to remember that we are allies and we rely on each other for future economic prosperity.”

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