wheat exports
Frost and dry weather damage crop in Russia, world’s top wheat exporter
Russia will harvest a markedly smaller wheat crop this summer due to harsh weather that will also reduce the wheat harvest in Ukraine, said the Agriculture Department on Wednesday. U.S. growers will see higher farm-gate prices for their wheat and larger exports as a result of the setbacks in the Black Sea region, said the USDA.
India draws down wheat stockpile to fight food inflation
India's government-owned wheat stockpile was forecast to fall to its lowest level in 15 years as the result of the effort to squelch food inflation, said USDA analysts.
U.S. dominance in ag export race is softening
The United States lost its place as the world's largest wheat exporter a decade ago, and now its leadership in exports of corn, cotton and tree nuts is being challenged, said a new USDA report. "Changes in global patterns of production and agricultural markets affected U.S. export competitiveness during the last two decades," said the Economic Research Service.
Growers to plant more wheat, pursuing war-boosted prices
With U.S. wheat selling for a record-high average of $9.10 a bushel, growers say they will sow the largest amount of land to wheat in seven years, enough to bump up production by 17 percent.
Higher prices, smaller exports for U.S. wheat
U.S. wheat exports are slowing due to high prices and rising global production, said the Agriculture Department on Thursday. "U.S. export prices are expected to remain elevated [for] the rest of 2021/22, further diminishing U.S. competitiveness," said the USDA's monthly WASDE report.
As Trump takes victory lap, Canada begins USMCA approval
President Trump led a 37-minute celebration of the new NAFTA on Wednesday, signing the United States-Mexico-Canada Agreement on the White House lawn during a ceremony packed with laudatory descriptions of the “very, very special” tri-national free trade agreement.
Export sales to Japan aren’t fake news, wheat growers tell Trump
A day after President Trump scoffed at wheat exports to Japan — “They don’t even want our wheat,” he said — U.S. wheat growers called out the president for maligning an important trade relationship. It was one of the first times farmers have talked back to Trump since they helped elect him to office.
As U.S.-China talks resume, the biggest U.S. farm group asks for an end of trade war tariffs
The largest U.S. farm group urged trade negotiators “to write the next chapter” in Sino-U.S. relations this week by eliminating trade war tariffs that are depressing ag exports, an important part of farm income. On Monday, the USDA reported an uptick in soybean exports to China, but there was no sign of large “goodwill” purchases on the eve of negotiations in Shanghai.
Rogue GE wheat found in U.S. Northwest for fourth time since 2013
The USDA has never approved cultivation of genetically engineered wheat, yet for the fourth time since April 2013 a wheat strain resistant to the weedkiller glyphosate was found growing wild in the northwestern United States. The discovery could disrupt wheat exports and it raises questions about USDA's ability to police agricultural biotechnology.
U.S. wins again at WTO, though compliance by China may be months away
The WTO ruled in favor of the United States in its complaint that China had rigged its tariff system to constrict entry of foreign-grown grain. The ruling was the second U.S. victory in seven weeks against trade-distorting Chinese agricultural practices.
WTO rules China gave its growers unfair wheat and rice subsidies
The Trump administration, with the weight of a WTO ruling behind it, called on China on Thursday to eliminate trade-distorting wheat and rice subsidies that cost U.S. farmers hundreds of millions of dollars a year in export sales. The WTO panel report may provide impetus to negotiations to resolve the Sino-U.S. trade war.
‘Dairy was a deal-breaker’ in writing NAFTA’s successor, says president
President Trump veered between predicting easy approval of the new Canada-Mexico-U.S. trade agreement and expressing concerns about opposition to the pact on Monday while declaring that the agreement “is a very, very big deal for our farmers.”
Russia still top wheat exporter; U.S. falls off the pace
Due to bad weather, Russia's wheat crop will be one-fifth smaller than last year. But Russia will remain the No. 1 wheat exporter in the world while the EU pushes the United States into third place, according to a USDA forecast released Tuesday. In its monthly WASDE report, the USDA said farm-gate prices for this year's U.S. corn, wheat and soybean crops would be the highest since the commodity slump began early this decade.
Wheat, soy groups fear retaliation for U.S. steel and aluminum duties
Groups representing U.S. wheat and soybean growers said the steel and aluminum tariffs announced by President Trump might lead to retaliatory steps by China, the No. 1 buyer of American farm exports.
Wheat groups in Canada, Mexico, and U.S. ask for NAFTA update, not breakup
In a letter to leaders of the NAFTA nations, seven wheat groups that span the continent and represent a range of players, from growers to millers to bakers, said an updated NAFTA that continues duty-free agricultural trade is critical to their success.
‘TPP 11’ agree on trade pact a year after U.S. dropped out
A year to the day after President Trump pulled the United States out of the Trans-Pacific Partnership trade pact, the remaining 11 nations, which include Australia, Japan, Canada, and Mexico, completed a free trade agreement of their own.
Russia is back as No. 1 wheat exporter
The United States rebounded to its longtime spot as the world’s largest wheat exporter last year, but Russia will be No. 1 by a long shot in the 2017/18 marketing year, says the monthly Grain: World Markets and Trade report.
U.S. files second WTO complaint against China grain aid
U.S. farmers lost as much as $3.5 billion in corn, wheat and rice sales to China last year because the world's most populous nation used its tariff system to unfairly limit imports, the Obama administration said in a complaint to the World Trade Organization. Separately, the U.S. asked WTO to appoint a dispute panel to investigate its complaint of excessive Chinese subsidies of corn, wheat and rice.
U.S. Wheat taps Peterson for its president
When U.S. Wheat Associates began looking for a new president, its search committee decided to look within the industry. In the end, the organization found its candidate inside its own ranks — Vince Peterson, its vice president of overseas operations.