Ag Cautiously Optimistic About Trump Trade Agenda
Capital Press – 9/17/2018
The wheels are beginning to turn on trade moves that will benefit U.S. farmers, but some major concerns remain, the head of an agricultural trade organization says. The Senate Agriculture Committee held a hearing Sept. 13, focused on the Trump administration’s trade agenda. Brian Kuehl, executive director of Farmers For Free Trade, said he is cautiously optimistic. “We’re still very worried about the impact farmers are feeling and are going to continue to feel,” Kuehl told the Capital Press. “A lot of farmers are being impacted today, so there’s not a lot of time. People are trying to sell their grain, fruit and produce, and prices are down because of this trade war.”
Analyst Brady Sidwell Reacts to Market Tailspin Dropping Wheat Prices Over a Dollar in Past Month
Oklahoma Farm News – 9/17/2018
Wheat has had a difficult time holding gains over the past month, forming a downward stair-stepping action that has lost nearly $1.15 in 30 days. Market factors include a meeting between the Russian Ag Ministry and exporters which resulted in rumored export curbs being denied. That sent markets in a tailspin and KC contracts traded through the 50-, 100- and 200-day moving averages. While the market looks oversold, we could have another 15-20 cents before some key support levels are reached. Though the Russians have been quick to deny potential export curbs, we believe truth lies somewhere within these statements and that some restriction is forthcoming. The question remains when and how much.
Wheat Solutions – Justin Gilpin
High Plains Journal – 9/14/2018 (video story)
At Wheat Solutions Justin Gilpin, CEO of Kansas Wheat, spoke to High Plains Journal Associate Editor Jennifer M. Latzke about the world market situation for wheat.
Trump to Move Forward on New China Tariffs
Politico – 9/17/2018
Against the advice of the business community and many members of Congress, President Donald Trump plans to proceed with duties on roughly $200 billion more in Chinese goods as soon as today, a senior administration official confirmed. Such a move would be another sign that the president isn’t planning on de-escalating what has already become a protracted trade battle between the world’s two largest economies. The White House could announce as soon today or Tuesday that it will slap a 10 percent tariff on the $200 billion list of goods, the official told POLITICO this weekend. “We’ll start at 10” percent, the official said, carrying through on an administration announcement from July 10.
A Conversation with Six Former USTRs
Center for Strategic International Studies – 9/17/2018
Good morning, everybody, and welcome to – (off mic) – an annual event, but an event that we’ve done a number of times in the past. And I’m very glad to see so many of you turned out. It’s a real treat to have such good representation. We have six of the nine former U.S. trade representatives with us. Mike Froman sends his regrets. He’s traveling out of the country today, otherwise he would have joined us. And John Hamre also sends his regrets. He couldn’t be here. He’s also out of the country on a CSIS program in Asia.
Farm Bureau Details Trade, Tariff Impacts on Agriculture
Southeast Ag Net via Farm Bureau – 9/17/2018
For the growth and renewed prosperity of agriculture, particularly with farm income on a downward slope, current trading relationships must be preserved and new opportunities for agricultural trade must be secured, the American Farm Bureau Federation said in a recent statement to the Senate Agriculture Committee. “Farm Bureau urges our trade officials to engage in discussions with our trade partners to resolve trade concerns before resorting to tariffs. Tariffs targeting our largest agricultural export markets have resulted in retaliation against U.S. farmers, ranchers and agricultural and food businesses across the country,” Farm Bureau said in the statement.
Source: U.S. Wheat Associates