Daily Harvest -- 2/11/2014
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FARM & RURAL POLICY
Agri-Pulse: Survey: U.S. producers to plant 11.26 million acres of cotton in 2014
- U.S. cotton producers intend to plant 11.26 million acres of cotton this spring, up 8.2 percent from 2013, according to the National Cotton Council's (NCC) annual early planting survey.
San Francisco Chronicle: Hoeven calls meeting to address slow rail service
- Sen. John Hoeven says he's bringing together railroad and farm officials to address agriculture shipping delays.
Bloomberg: Farm Profits Seen Falling as Five-Year Crop Boom Ends
- A waning boom in U.S. crop prices may cut annual farm profits from record levels in recent years, denting demand for Deere & Co. tractors and Monsanto Co. chemicals, economists said ahead of a government report today.
Wall Street Journal: Wheat Prices Rise on Signs of Strong Exports
- (Subscriber only) Wheat prices rose 1.3% after the U.S. Department of Agriculture forecast lower-than-expected domestic supplies this year amid rising overseas demand for the grain.
FOOD & NUTRITION
Washington Post: How the U.S. government spends millions to get people to eat more pizza
- The USDA runs a "dairy checkoff program," which levies a small fee on milk (15 cents for every hundredweight of milk sold or used in dairy products) and raised some $202 million in 2011. The agency then uses that money to promote products like milk and cheese. And, as it turns out, pizza.
Washington Post: FDA warns against eating Uncle Ben’s infused rice products served at schools, restaurants
- The Food and Drug Administration is warning against eating Uncle Ben’s rice products served at schools, restaurants, hospitals and other food-service institutions after children in three states suffered burning, itching rashes and headaches and nausea linked to the rice.
TRADE & INTERNATIONAL
Agri-Pulse: USDA raises soybean supply estimate on Canadian imports
- Estimated U.S. soybean supplies for the current marketing year are 5 million bushels higher than projected a month ago, thanks to increased imports, mostly from Canada, according to USDA.
Agri-Pulse: China's cotton policy will shape 2014 outlook for fiber, NCC says
- China's plan to stop building cotton reserves and offer support through a target price mechanism will play a role in shaping the outlook for the fiber in 2014, according to economists at the National Cotton Council.
Agri-Pulse: Issues in Canada and Argentina increase US grain exports
- (Audio) Issues in Canada and Argentina are driving demand for U.S. grain exports higher. In the latest World Agricultural Supply and Demand Estimates (WASDE) report, USDA Chief Economist Joe Glauber says they increased exports of both corn and wheat.
Financial Times: Trade: Pacts of strife
- (Subscriber only) Mr Obama has grown accustomed to Congressional Republicans thwarting his policy objectives. But the opposition to his trade agenda is coming from within his own party and its traditional supporters, such as labour unions and environmental activists.
Wall Street Journal: CFTC Is Set to Ease Rules on Trading Swaps Overseas
- The Commodity Futures Trading Commission is preparing to ease restrictions on swaps trading overseas, according to people familiar with the matter, a move that could shift some trading abroad as banks and other firms look for ways to circumvent tough U.S. rules.
CONSERVATION, ENVIRONMENT & WILDLIFE
Roll Call: Will Water-Trading Credits Help Reduce Pollution?
- While water quality trading — or water pollution trading, in the view of critics — isn’t new, it’s been gaining momentum over the past few years. Regulators and polluters are trying to minimize water pollution as they face possible tightening of discharge limits under the Clean Water Act.
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