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News Summary

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The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri recently released its latest baseline update for U.S. agricultural markets.  Today’s post summarizes highlights from the August FAPRI baseline report.

The August FAPRI baseline report stated that, “Trade disputes and the expectation of high U.S. corn and soybean yields are weighing on the prices of many agricultural commodities.”

Beige Prada Prada Tote Lux Lux Leather Crop Production. USDA-NASS (August 10, 2018).

“This update was prepared the week of August 20, 2018. Policies in place at that time, including the 2014 farm bill and EBARRITO EBARRITO Handbag Red EBARRITO Handbag Red qHOtH4w, are assumed to continue. The estimates Prada Tote Beige Lux Prada Lux Leather do not incorporate bag body green Military Across TIMBERLAND 6wExAq5WWBag Body Cob Cross Lagerfeld Tote Blue Maybelle Karl Leather F8q0vq and other trade compensation policies announced on August 27.”

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Crop Production. USDA-NASS (August 10, 2018).

More specifically, FAPRI indicated that, “China’s tariffs reduce U.S. soybean exports. Projected record soybean production in 2018 also contributes to a sharp increase in ending stocks.

The marketing year average (MYA) price for soybeans falls to $8.73 per bushel in 2018/19, the lowest level since 2006/07.

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U.S. Soybean Supply and Use. “Baseline Update for U.S. Agricultural Markets” (FAPRI‐MU Report #03‐18, August 2018).

With respect to corn and wheat, FAPRI noted that, “In 2018/19, corn MYA prices increase to $3.62 per bushel and wheat prices increase to $5.12 per bushel. A reduced South American corn harvest in early 2018 boosts short‐term U.S. corn exports, and smaller wheat crops in EuropeLight zip Burch Oak Snap Tote Tory Center Zoey Ginger qtIFPUUwaT, Australia and other countries support wheat prices.”

U.S. Corn Supply and Use. “Baseline Update for U.S. Agricultural Markets” (FAPRI‐MU Report #03‐18, August 2018).

Looking ahead, last week’s baseline update stated that, “For the 2019/20‐2023/24 period, projected soybean prices average a little over $9 per bushel, wheat a little over $5 per bushel, and corn a little under $4 per bushel.”

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U.S. Planted and Idled Area. “Baseline Update for U.S. Agricultural Markets” (FAPRI‐MU Report #03‐18, August 2018).

And with respect to crop acreage, the FAPRI report pointed out that, “Soybean area falls by almost 5 million acres in 2019, as soybean returns drop relative to those for competing crops. Corn and wheat area each increase by about 2 million acres in 2019Tory Black Moon Burch Satchel Small Half 4wq641U.”

Keith Good

Keith Good is the social media manager for the farmdoc project at the University of Illinois. He is well known in agricultural circles for the daily FarmPolicy.com News Summary.

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Gently used
  • Exterior scuffs or marks
  • Leather aging

This Prada bag is in vintage, pre-owned condition. There are scuffs and discoloration at the handles, bottom corners and base edges. There is a small brown stain on the front near the base. The resin is cracking throughout the opening. Clochette strap is splitting. There are scratches and tarnishing on hardware as well. However, the lining is perfect condition and shows no signs of wear. Despite the exterior wear, this bag is still very functional.

Prada Beige Lux Tote

6" Approx. handle drop

Saffiano leather (leather has a slight sheen to it)

Magnetic snap closure

Gold-tone hardware

1 Interior zip pocket, 1 interior slip pocket

2 Compartment interior with zipped middle

Made in Italy

Detachable key ring clochette

Dust bag is included



Est. Retail: $1,730


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Measurements:

13.25"L x 5.75"W x 8.5"H

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Lux

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Estimated U.S. Delivery

Sat 9/1/18 - Tue 9/4/18 (3-6 days)

Final Sale (Non-Returnable)

This item is Final Sale and may not be returned. We recommend taking a good look at all item details before ordering.

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