U.S., Japanese negotiators discuss trade issues

There are still some significant sticking points in U.S. and Japan trade issues that may become part of the broader Trans-Pacific Partnership.  It’s reported that progress has been made, but remaining contentious issues include expanded U.S. access to Japan’s rice market and expanded access for Japan to ship auto parts to the U.S. The U.S…. Read more »

El Nino could mean bumper corn crop

Warm ocean waters could help boost corn yields this year. DTN meteorologist Bryce Anderson says that rising water temperatures in the Pacific Ocean indicates a likely El Nino scenario throughout the growing season. He says – that is good for farmers.  “That leads to a generally mild temperature trend for the Corn Belt, along with… Read more »

Farmers are responding to market signals

As the 2015 planting season gets underway, University of Illinois professor John Newton says the US could be entering a third year of declining acres planted to corn. He says farmers are responding to market signals.  “The market signal in the corn market has been the declining corn prices ever since we started to build… Read more »

Trade Promotion Authority bills introduced in Congress

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Bipartisan legislation was introduced in both houses of Congress on Thursday which would grant the President Trade Promotion Authority or “fast track” when negotiating trade deals. The legislation was introduced by Senate Finance Committee Chair Orin Hatch (R-Utah) and ranking member Ron Wyden (D-Oregon) in the Senate. Ways and Means Committee Chair Paul Ryan (R-Wisconsin)… Read more »

Report urges water saving

The U.N. Food and Agriculture Organization – the FAO – says over-consumption of water and the impact of climate change threaten food security and water supplies in the world’s neediest regions.  The organization says there WILL be enough water to produce food for 9 billion people in 2050, but production has to be done sustainably… Read more »

Global Dairy Trade index declines

The semi-monthly Global Dairy Trade auction Wednesday saw the overall price index decline another 3.6 percent.  This is the third consecutive decline putting the index back to where it was on December 16th. Of the eight products offered for sale, four saw price decreases from the last auction: rennet casein was 0.6 percent lower, whole… Read more »

Anticipation of a big corn carryout

Analysts say for the first time in 10 years, the US could see a 2 billion bushel carryout on corn.  John Newton, assistant professor at the University of Illinois, says the potential for that number also brings up concerns about commodity prices.  “At that point in time the marketing year average for corn was $2… Read more »

FAS Administrator says now’s the time for TPA

Foreign Agricultural Service Administrator Phil Karsting says granting the president Trade Promotion Authority (TPA) will help the U.S. maintain its global agriculture trade status.  The last five years of U.S. agriculture exports Karsting calls remarkable. “In Fiscal Year 2014 we exported $152.5 billion worth of agricultural goods from the United States,” Karsting told Brownfield Ag… Read more »

IL Soybean likes latest U.S./Cuba step

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The chairman of the Illinois Soybean Growers says they are pleased President Obama has taken another step in easing trade relations with Cuba.  Obama and the State Department have recommended removing Cuba from the list of State Sponsors of Terrorism.  Cuba has been on that list for 33 years. Illinois Soybean Chairman Bill Raben says… Read more »

Australia’s largest cattle company for sale

One of Australia’s largest cattle companies is on the market.  It’s big – 38,600 square miles – about the size of Hungary, and it’s getting the attention of foreign investors. It was founded 116 years ago by Sir Sidney Kidman, and his descendants still control the company, Australia’s biggest landowner. It has 11 cattle stations,… Read more »