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AgDay Daily Recap -June 18, 2013

June 18, 2013
 
 

TODAY ON AGDAY

JUNE 18, 2013

 

G8 SUMMIT:

GOOD MORNING I'M CLINTON GRIFFITHS. EUROPE IS ALREADY A BIG CONSUMER OF AMERICAN GOODS, ESPECIALLY FARM PRODUCTS, AND THOSE LEVELS COULD GO HIGHER.

ACCORDING TO THE WHITE HOUSE PRESS OFFICE, THE U-S EXPORTED 458-BILLION DOLLARS IN GOODS AND SERVICES TO THE E-U IN 2012. THEY EXPECT THAT TO INCREASE BUT NO SPECIFIC AMOUNT WAS MENTIONED. ANOTHER STUDY FOUND THAT CUTTING CURRENT NON-TARIFF MEASURES IN HALF, COULD BOOST THE E-U AND U-S---G-D-P BY MORE THAN 208 BILLION DOLLARS. MEANWHILE, LEADERS FROM THE PORK INDUSTRY SAY A U-S / E-U TRADE AGREEMENT COULD BENEFIT THEIR PRODUCERS.

FARM BUREAU:

IN A STATEMENT FROM THE AMERICAN FARM BUREAU FEDERATION, PRESIDENT BOB STALLMAN SAID - QUOTING HERE - "EU'S RESTRICTIONS ON GENETICALLY ENGINEERED CROPS, HAS LONG BEEN A TACTIC TO IMPEDE TRADE. WE WILL LOOK CLOSELY TO THESE NEGOTIATIONS TO MOVE PAST THIS TRADE DISTORTING TACTIC AND FULLY EMBRACE A RULES-BASED TRADING SYSTEM WITH STANDARDS BASED UPON SCIENTIFIC ASSESSMENT."

CROP PROGRESS:

USDA ROLLED OUT ITS LATEST CROP PROGRESS REPORT MONDAY. THE COUNTRY'S MAJOR CROPS ARE CLOSE TO BEING COMPLETELY PLANTED.

WET WEEDS:

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