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Wednesday’s closing grain bids

October 11th, 2017

 

St Joseph

 

Yellow Corn

2.98 – 3.01

White Corn

no bid

Soybeans

9.00 – 9.06

LifeLine Foods

2.96

 

 

Atchison

Yellow Corn

3.03 – 3.06

Soybeans

 8.95

Hard Wheat

 3.38

Soft Wheat

 3.43

 

 

Kansas City Truck Bids

 

Yellow Corn

3.06

White Corn

no bid

Soybeans

9.15 – 9.20

Hard Wheat

3.58 – 3.62

Soft Wheat

3.78

Sorghum

5.46


USDA Cash Grain Prices

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

Censky, McKinney, sworn in at USDA

(USDA) Agriculture Secretary Sonny Perdue welcomed two leaders to his staff at the Department of Agriculture Tuesday. Perdue swore in Steve Censky as Deputy Secretary of Agriculture, and Ted McKinney as USDA’s new Under Secretary of Agriculture for Trade and Foreign Agricultural Affairs. Perdue says Censky and McKinney are “two experienced, prepared, and capable nominees,” who will provide steady leadership at USDA. With the ceremony, Censky officially departed his job as CEO of the American Soybean Association after 23 years, 21 of which he spent as head of the organization. ASA President Ron Moore said that due to the swearing-in of Censky, ASA has officially opened the search for its next CEO. The Indiana Department of Agriculture named its deputy director as interim director last week, following the Senate confirmation of McKinney to the USDA post.

Conaway: NAFTA too important to screw up

(NAFB)

Following a weekend meeting in Canada, House Agriculture Chairman Mike Conaway said the North American Free Trade Agreement is “too important to screw up.” Conaway took part in a delegation of House members that focused on agricultural trade in a discussion with Canadian officials before this week’s round of NAFTA talks. In a statement, Conaway said the goal of the meeting was to ensure Canada understand that U.S. agriculture “has a keen interest in getting NAFTA done and done right.” Conaway said U.S. agriculture would continue “to stay at the negotiators elbow” throughout the process. Conaway last week echoed comments from Agriculture Secretary Sonny Perdue that the NAFTA negotiations were not moving fast enough. Representative David Rouzer (ROU-zer) of North Carolina joined Conaway in Canada, saying the meeting gave the U.S. an “opportunity to demonstrate the importance of the deal for U.S. agriculture.”

Trade expert: U.S. is setting up NAFTA for failure

(NAFB)

Trade experts in Canada speculate President Donald Trump may be arranging the North American Free Trade Agreement negotiations to allow the U.S. to walk away from the trade deal. The Canadian Press news agency says a consensus is growing that a series of untenable U.S. bargaining positions is part of a plan by Trump to lay the groundwork so he can walk away from the trade pact. The fourth round of NAFTA talks are underway this week, with some speculating the introduction of agricultural issues in the process. However, the Buy American proposal that would limit Canadian and Mexican access to U.S. procurement projects, while the U.S. seeks greater access to government projects by its trade partners, seems to be a sticking point. That comes with other hard issues still on the horizon, including dairy, auto parts, the dispute resolution system and the U.S. push for a review of NAFTA every five years. Peter Clark, an Ottawa-based international trade strategist who was involved in the original NAFTA talks, said the U.S. behavior is a “vivid and unprecedented example of how not to negotiate.” He called it a tactic designed to ensure failure.

Tuesday’s closing grain bids

October 10th, 2017

 

St Joseph

 

Yellow Corn

3.02 – 3.04

White Corn

no bid

Soybeans

9.01 – 9.06

LifeLine Foods

3.04

 

 

Atchison

Yellow Corn

3.06 – 3.09

Soybeans

 8.96

Hard Wheat

 3.41

Soft Wheat

 3.45

 

 

Kansas City Truck Bids

 

Yellow Corn

3.09

White Corn

no bid

Soybeans

9.21

Hard Wheat

3.61 – 3.65

Soft Wheat

3.80

Sorghum

5.52
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USDA Cash Grain Prices

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

Business leaders to talk trade with Mexico

Photo courtesy Missourinet

Negotiations on the North American Free Trade Agreement continue Wednesday, with some speculating agriculture issues to finally emerge in the talks. However, while negotiators will be in Washington, D.C., the U.S. Chamber of Commerce will lead a delegation of U.S. CEO’s to Mexico City. Bloomberg reports that the U.S. business leaders will meet with counterparts from Mexico’s private sector and allies in government to discuss ways to defend NAFTA. More than 100 business and government officials attended the U.S.-Mexico CEO Dialogue in December, shortly after Donald Trump’s election, the last time the event was held in Mexico. Trump calls NAFTA a “disaster” and his administration is leading the renegotiation effort between the U.S., Canada and Mexico. The U.S. Chamber of Commerce recently said it opposes key proposals by the Trump administration. Specifically, companies are unnerved by U.S. proposals to add a five-year termination clause and roll back the access of Canadian and Mexican firms to U.S. procurement contracts.

Beef exports remain strong, pork slightly lower

A monthly measure of meat exports shows U.S. beef posted another outstanding performance in August, remaining well above last year’s pace, and August pork exports increased from the previous month but were down slightly year-over-year. The U.S. Meat Export Federation reports that August beef exports totaled 112,000 metric tons, up five percent from a year ago and the largest of 2017. Export value was the second-highest on record at $679.1 million, up 20 percent from a year ago and trailing only the record-high value of $688.8 million reached in October 2014. For January through August, beef exports increased ten percent in volume and 16 percent in value compared to the first eight months of 2016. Meanwhile, Pork exports totaled 183,600 metric tons in August, down two percent year-over-year, valued at $511.4 million, down 0.3 percent. January-August volume remained nine percent above last year’s record pace at 1.61 million metric tons, while export value increased 11 percent to $4.21 billion.

Agriculture changes expected in KORUS revisions

A South Korea trade lawyer believes changes to agricultural trade will top the list of changes requested in KORUS, the U.S.-Korea Free Trade Agreement. During a meeting last week between U.S. Trade Representative Robert Lighthizer and South Korea trade officials, the two nations agreed to open KORUS to renegotiation. The U.S. proposed revisions to language in KORUS regarding industrial goods, services, intellectual property, investment and farm produce, according to a South Korea-based newspaper. However, no further specifics on those trade categories were revealed. President Donald Trump has repeatedly threatened to withdraw the U.S. from the trade deal that he calls unfair. A South Korea trade official said of Trump’s threats to withdraw from KORUS, that “I don’t think that he’s bluffing.” Meanwhile, Korea trade experts predict that the U.S. will pressure South Korea for changes, while also “asking for unreasonable adjustments to South Korea’s action on automobiles and steel.”

Monday’s closing grain bids

October 9th, 2017

 

St Joseph

 

Yellow Corn

3.01 – 3.04

White Corn

no bid

Soybeans

9.02 – 9.07

LifeLine Foods

3.10

 

 

Atchison

Yellow Corn

3.06 – 3.10

Soybeans

 8.96

Hard Wheat

 3.40

Soft Wheat

 3.46

 

 

Kansas City Truck Bids

 Friday’s bids no reports due to Holiday Monday

Yellow Corn

3.10 

White Corn

no bid

Soybeans

9.27

Hard Wheat

3.67 – 3.71

Soft Wheat

3.89

Sorghum

5.54
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USDA Cash Grain Prices

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

Complaints over dicamba chemical continue in Missouri

Dicamba Injured Soybeans. Photo courtesy Missourinet.

COLUMBIA, Mo. (AP) — The Missouri Department of Agriculture says it is continuing to receive a high volume of complaints over dicamba  from farmers who say the chemical is ruining their crops.

The agency received more than 310 complaints about dicamba this year, the highest number in years. A majority of complaints came from farmers in southeastern Missouri, who contend the chemical drifted from nearby farms and ruined their soybean fields.

The Columbia Missourian reports an estimated 3.1 million acres across the U.S. have been harmed by chemical this summer.

The state temporarily banned the chemical in July, but the ban was lifted within a week with restrictions on its use.

The chemical was designed to kill broadleaf weeds but can drift into other farmer’s crops that are not dicamba-resistant.

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