USDA won’t pursue standards changes
(Posted on 03/10/19)
The U.S. Department of Agriculture’s Agricultural Marketing Service (AMS) announced last week that it will not pursue changes to the U.S. standards for corn and soybeans under the U.S. Grain Standards Act (USGSA). AMS cited comments from stakeholders, including a joint statement on the soybean standards authored by NGFA and submitted by NGFA, North American Export Grain Association (NAEGA), U.S. Soybean Export Council, American Soybean Association and National Oilseed Processors Association, in its decision.
The NGFA and other key national soy organizations in November 2018 urged AMS to suspend further rulemaking on potential changes to the official U.S. grain standards for soybeans. The letter cited “the atypical current soybean market environment, which is characterized by dramatically disrupted trade flows; anticipated heavy carryover stocks of U.S. soybeans, low futures prices, depressed U.S. soybean basis values for growers, weather-induced damage in some geographic areas” and ongoing research and information gathering as reasons for AMS not to pursue changes to the U.S. official soybean standards.
In another joint statement submitted to AMS in December 2018, NGFA and NAEGA said the agency also should make no changes to the current U.S. grain standards for corn and canola.
“Changes to the U.S. grain standards create confusion and uncertainty for market participants and should be avoided unless they can be shown to demonstrably improve or correct significant flaws in the existing standards,” the Dec. 3 joint NGFA-NAEGA statement noted.
Latest News
Tomaschewski to lead Asia region at Possehl Erzkontor
(Posted on 01/10/22)Lübeck-based end-to-end service provider for raw materials Possehl Erzkontor, has appointed Nicol... Read more
Rio Tinto starts Quebec lithium concentration plant
(Posted on 01/10/22)Rio Tinto has started producing spodumene concentrate, a mineral used in the production of lithium for... Read more
Amogy and Trafigura to research ammonia cracking technology
(Posted on 25/09/22)Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, and Trafigura, one of... Read more
Rio Tinto and Shougang Group explore steel decarbonisation
(Posted on 25/09/22)Rio Tinto and Shougang Group, one of the world’s top 10 steel producers, have signed a Memorandum... Read more
Rio Tinto partners Volvo for low-carbon and autonomous solutions
(Posted on 15/09/22)Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership... Read more
Emergency measures required now to avert European steel crisis
(Posted on 09/09/22)The European steel industry has called on EU policymakers to provide immediate relief against high energy... Read more
Europe’s fertilizer industry victim of energy chaos
(Posted on 07/09/22)Rocketing gas prices have led to curtailment or shutdown of a majority of European fertilizer production... Read more
Cargill launches Asia Pacific digital studio to accelerate food/ag innovation
(Posted on 07/09/22)Cargill is partnering with the Singapore Economic Development Board (EDB) to launch its first digital... Read more
Tata and Punjab Government to set up scrap based EAF steel plant
(Posted on 03/09/22)Tata Steel has signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting... Read more
Turquoise Hill transaction Agreement in Principle with Rio Tinto
(Posted on 01/09/22)Turquoise Hill Resources Ltd. has announced that it has reached an agreement in principle and entered... Read more
