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Thursday’s closing grain bids

December 8th, 2016

St Joseph

 

Yellow Corn

3.19 – 3.28

White Corn

no bid

Soybeans

9.59 – 9.70

LifeLine Foods

3.34

 

 

Atchison

Yellow Corn

3.29 – 3.33

Soybeans

9.52

Hard Wheat

 3.05

Soft Wheat

 3.08

 

 

Kansas City Truck Bids

 

Yellow Corn

 3.35

White Corn

3.55 – 3.65

Soybeans

9.82

Hard Wheat

3.20 – 3.25

Soft Wheat

3.23

Sorghum

5.24

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

 

U.S. trade deficit widening on falling soybean exports

soybeans 2The U.S. trade gap is widening because of a decrease in soybean exports and other products, according to the U.S. Department of Commerce. The deficit recorded its biggest increase in more than a year in October, suggesting trade would be a drag on growth in the fourth quarter of 2016. When adjusted for inflation, the deficit rose to $60.3 billion from $54.2 billion in September. However, Reuters says the deficit won’t have a significant economic impact. While the reversal in soybean shipments suggests trade is likely to subtract from GDP growth in the fourth quarter, consumer spending and a firming housing market are expected to keep supporting the economy. Third quarter soybean exports had increased on a surge in soybean shipments to China after a poor harvest in Argentina and Brazil. Meanwhile, exports of capital goods were the highest in October since December 2015.

Trump picks Oklahoma’s Pruitt to lead EPA

pruittPresident-elect Donald Trump has chosen Oklahoma Attorney General Scott Pruitt as his Environmental Protection Agency Administrator. Pruitt has spent much of his energy as attorney general fighting the agency he is being nominated to lead, according to the Washington Post. He is suing the EPA over climate change rules and is vastly opposed to the Waters of the U.S. rule, also vastly opposed by agriculture. American Farm Bureau Federation President Zippy Duval says the selection of Pruitt to lead the EPA is “welcome news” for farmers and ranchers. Duvall says Pruitt “should help provide a new degree of fairness for U.S. agriculture.” Pruitt is also a critic of the Renewable Fuel Standard. He argued in a 2013 Supreme Court brief that EPA ignored the risks of gasoline blended with more than 10 percent ethanol pose to fuel systems of vehicles, and the mandate’s effect on food prices.

Continuing resolution includes FSA loan funding

fsa logoA continuing resolution budget bill to keep the U.S. government funded through April includes language to provide the Department of Agriculture money for farm loans and summer feeding programs. The Further Continuing and Security Assistance Appropriations Act, which covers 11 of the 12 annual appropriations bills, will maintain government operations at a rate of $1.07 trillion through April 28th, 2017. The House of Representatives is expected to vote on the bill Thursday with the Senate following suit on Friday, according to the Hagstrom Report. The farm loan language for the Agricultural Credit Insurance Fund Program by the Farm Service Agency followed a request for the funding by farm groups. A coalition of farm groups sent a letter to appropriators that it was “absolutely critical” the Farm Service Agency has the resources needed to meet rising demand for farm loans. The bill also includes agriculture emergency watershed and conservation funding.

Wednesday’s closing grain bids

December 7th, 2016

St Joseph

 

Yellow Corn

3.23 – 3.33

White Corn

no bid

Soybeans

9.84 – 9.94

LifeLine Foods

3.36

 

 

Atchison

Yellow Corn

3.33 – 3.38

Soybeans

9.74

Hard Wheat

 3.00

Soft Wheat

 3.01

 

 

Kansas City Truck Bids

 

Yellow Corn

 3.40

White Corn

3.61 – 3.66

Soybeans

10.04

Hard Wheat

3.15 – 3.20

Soft Wheat

3.16

Sorghum

5.32

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

 

Senate to consider WRDA conference report

waterThe U.S. Senate Majority Leader intends to take up the Water Resources Development Act conference report during the lame-duck session. Kentucky Republican Mitch McConnell proclaimed in a floor speech Tuesday his intention to consider the conference report. He says the bill will “invest in our nation’s waterways infrastructure, enhance commerce and support safe and reliable water sources.” The measure includes assistance for families in Flint, Michigan who have been impacted by lead poisoning within the water system, according to the Hagstrom Report. However, Michigan Democratic Senator Debbie Stabenow said she doubts the bill will have enough votes to pass. The House and Senate both overwhelmingly passed WRDA bills earlier this year. However, the conference report has hit a snag this week as California Senate-Democrat Barbara Boxer planned to block the measure. She says the bill would “roll back” the Endangered Species Act.

Ukraine to crackdown on GMOs

GMO logoUkraine plans to strengthen its checks for genetically modified organisms, with soybeans of particular concern, according to government officials in the nation. Ukraine’s State Food Safety and Consumer Protection Service made the comments this week. While it is not illegal to grow GMO plants in Ukraine, no GMOs have the official registration needed for legal cultivation, according to Pro Farmer’s First Thing Today newsletter. Government officials say that if an export shipment is found to contain GMO products, the watchdog will seize and dispose of the shipment and then investigate its origin to find the producer who broke the rules. The comments come as the country also plans to increase grain export capacity. An agriculture export company in Ukraine intends to build a new terminal to be completed in 2018 with an export capacity of four million metric tons a year.

Antibiotic resistant gene found on U.S. farm

hog farmResearchers at the Ohio State University are expressing some concern regarding an antibiotic resistant gene discovered at a U.S. pig farm. However, as the National Pork Board points out, the U.S. pork supply is safe. The resistant gene identified in the study was not found in a market hog, and there was no threat to food safety. The gene was found in one farrowing barn at a single U.S. pig farm. The Pork Checkoff says it is eager to analyze the initial findings, alongside its authors, and better understand results of the study. Ohio State University researchers acknowledge it is unknown how the bacteria was introduced to the farm and that it could have been introduced by an outside source. The checkoff says the conclusions drawn without further validation, replication and research demonstrate the issue requires additional study.

Market rallies lifting farmers spirits

Photo courtesy Missourinet.
Photo courtesy Missourinet.

A monthly measure of the agriculture economy shows post-harvest price rallies have lifted the spirits of farmers over the past month. The Purdue University-CME Group Ag Economy Barometer released Tuesday reached an index point of 116 for November, considerably higher than the October reading of 92. The Barometer surveys 400 farmers monthly. A rating below 100 is negative, while a rating above 100 indicates positive sentiment regarding the agriculture industry. Organizers of the survey say the improved rating can be attributed to an improvement in farmers’ perspective about the future, which was motivated in part by better corn and soybean prices. However, organizers also note the jump in producer sentiment was reflected by fewer respondents with a negative outlook, rather than a notable shift toward a positive outlook on the agricultural economy.

Missouri’s largest peach producer sues Monsanto

Gavel(Missourinet) – A lawsuit filed against St. Louis-based Monsanto alleges the company knowingly marketed some products to farmers without any safe herbicide.

Campbell-based Bader Farms in southeast Missouri alleges that Monsanto is responsible for damage to the farm’s crops this year because of drift from a herbicide called dicamba. Bader Farms attorney Bev Randles tells Missourinet the lawsuit, which was filed in Dunklin County, alleges that the farm has lost more than 30,000 peach trees.

“Monsanto released their Xtend crops, their soybean and cotton seeds, and they did so though without a corresponding herbicide, which is just from everything that we understand is basically unheard of,” Randles says.

In a statement, Monsanto says it has taken “many steps” both prior to and throughout the 2016 season to remind growers, dealers and applicators that dicamba was not approved for in-crop use at the time. Monsanto also says it does not condone the illegal use of any pesticide.

Randles says Monsanto “chose greed over public safety” and made farms in southeast Missouri “unwilling test labs for their defective seed system.” The lawsuit alleges that Monsanto chose to sell the Xtend seeds, knowing that destructive spraying would be inevitable.

“What we’re looking for here is truth,” Randles says. “These are people who are the lifeblood of Missouri’s economy, particularly the southeast Missouri economy, because agriculture is so important there,” Randles says.

Monsanto says while it sympathizes “with those who have been impacted by farmers who chose to apply dicamba illegally”, the lawsuit tries to shift responsibility away from individuals who knowingly broke state and federal law.

Bader Farms says it has lost millions of dollars because of some farmers spraying pesticides illegally.

Randles expects more farmers to file lawsuits.

Online court records indicate that the judge overseeing this case is former Missouri Senate President Pro Tem Rob Mayer. A court date has not been scheduled yet.

Missourinet spoke to State Department of Agriculture Director Richard Fordyce Tuesday at the State Capitol. Fordyce says he cannot comment on the lawsuit, because of the Department’s open and ongoing investigation into pesticide complaints.

Here is the full statement from Monsanto spokeswoman Charla Lord to Missourinet:

When it comes to maximizing performance, farmers are in need of new technology to help them combat troublesome weeds. We spent years researching and developing our best products and varieties for the Roundup Ready Xtend Crop System. In addition to the trait as another mode of action for weed control, Roundup Ready 2 Xtend soybeans and Bollgard II XtendFlex cotton were developed utilizing the latest breeding advancements to provide farmers with strong yield potential. That yield potential itself presents tremendous value for growers even without application of dicamba, and we wanted our customers to experience that advantage as quickly as possible. We did not charge growers for the trait because the herbicide had not been approved for over-the-top use. Both prior to and throughout the 2016 season, Monsanto took many steps to remind growers, dealers and applicators that dicamba was not approved for in-crop use at the time, and we do not condone the illegal use of any pesticide. While we sympathize with those who have been impacted by farmers who chose to apply dicamba illegally, this lawsuit attempts to shift responsibility away from individuals who knowingly and intentionally broke state and federal law and harmed their neighbors in the process. Responsibility for these actions belongs to those individuals alone. We will defend ourselves accordingly.

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