Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
The U.S. Will Never Change
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="farmerbyron" data-source="post: 1734949" data-attributes="member: 4953"><p>Interesting development. They must be desperate if they are buying wheat from us.</p><p></p><p></p><p></p><p><a href="http://www.bloomberg.com/news/2012-03-01/u-s-exporters-sell-120-000-tons-of-wheat-to-iran-most-since-august-2008.html" target="_blank">http://www.bloomberg.com/news/2012-03-01/u-s-exporters-sell-120-000-tons-of-wheat-to-iran-most-since-august-2008.html</a></p><p></p><p><span style="font-size: 18px"></span></p><p><span style="font-size: 18px">U.S. Exporters Sell 120,000 Tons of Wheat to Iran, Most Since August 2008</span></p><p></p><p>U.S. exporters sold the most wheat to Iran in more than three years, the government said, raising speculation that the Persian Gulf country may be boosting stockpiles after production from last year’s crop declined.</p><p></p><p>The sale of 120,000 metric tons of hard, red winter wheat is for delivery in the marketing year that ends May 31, the U.S. Department of Agriculture said today in an e-mailed statement. The sale was the biggest since Iran purchased 689,310 tons in a deal announced on Aug. 15, 2008. The U.S. hasn’t exported any wheat to Iran since a 54,267-ton shipment was sent in November 2009, USDA data show.</p><p></p><p>Iran’s production of wheat, the country’s biggest crop, fell to 13.75 million tons in 2011, 13 percent less than a year earlier, the USDA estimates. While Iran is facing international sanctions over its nuclear program, U.S. restrictions provide exemptions for “licensed exports of agricultural commodities,” according to the Office of Foreign Assets Control, a division of the Treasury Department.</p><p></p><p>“If Iran is concerned about commerce or shipping, any of those kinds of things, as a result of sanctions or something worse coming about, having adequate stockpiles of food in the country may be an appropriate thing to do,” Vince Peterson, a vice president of overseas operations for U.S. Wheat Associates, a trade group focusing on developing export markets, said.</p><p>Oil Rises</p><p></p><p>The U.S. and Europe are moving to block Iranian oil sales and transactions with its central bank. The U.S. and Israel say they haven’t ruled out using force to stop Iran from obtaining nuclear weapons. The Islamic republic says its atomic program is peaceful and legitimate under international agreements. Iran holds parliamentary elections tomorrow.</p><p></p><p>Crude-oil futures for April delivery rose 1.7 percent to $108.84 a barrel at 2:29 p.m. today on the New York Mercantile Exchange, up 11 percent this year. Wheat futures slid 0.6 percent to $6.64 a bushel on the Chicago Board of Trade, after climbing as much as 0.7 percent.</p><p></p><p>Iran may have purchased as much as 2 million tons of wheat in the past month from international suppliers, Peterson said by telephone from Arlington, Virginia. Arkady Zlochevsky, the president of Russia’s Grain Union, said Feb. 22 that the country may deliver 1 million tons of grain to Iran. Industry officials in India also have discussed selling wheat to Iran, the Wall Street Journal reported Feb. 28, citing unnamed sources.</p><p></p><p>The U.S. exported $53.035 million in agricultural products to Iran last year, the least since 2006, USDA data show.</p></blockquote><p></p>
[QUOTE="farmerbyron, post: 1734949, member: 4953"] Interesting development. They must be desperate if they are buying wheat from us. [URL="http://www.bloomberg.com/news/2012-03-01/u-s-exporters-sell-120-000-tons-of-wheat-to-iran-most-since-august-2008.html"]http://www.bloomberg.com/news/2012-03-01/u-s-exporters-sell-120-000-tons-of-wheat-to-iran-most-since-august-2008.html[/URL] [SIZE=5] U.S. Exporters Sell 120,000 Tons of Wheat to Iran, Most Since August 2008[/SIZE] U.S. exporters sold the most wheat to Iran in more than three years, the government said, raising speculation that the Persian Gulf country may be boosting stockpiles after production from last year’s crop declined. The sale of 120,000 metric tons of hard, red winter wheat is for delivery in the marketing year that ends May 31, the U.S. Department of Agriculture said today in an e-mailed statement. The sale was the biggest since Iran purchased 689,310 tons in a deal announced on Aug. 15, 2008. The U.S. hasn’t exported any wheat to Iran since a 54,267-ton shipment was sent in November 2009, USDA data show. Iran’s production of wheat, the country’s biggest crop, fell to 13.75 million tons in 2011, 13 percent less than a year earlier, the USDA estimates. While Iran is facing international sanctions over its nuclear program, U.S. restrictions provide exemptions for “licensed exports of agricultural commodities,” according to the Office of Foreign Assets Control, a division of the Treasury Department. “If Iran is concerned about commerce or shipping, any of those kinds of things, as a result of sanctions or something worse coming about, having adequate stockpiles of food in the country may be an appropriate thing to do,” Vince Peterson, a vice president of overseas operations for U.S. Wheat Associates, a trade group focusing on developing export markets, said. Oil Rises The U.S. and Europe are moving to block Iranian oil sales and transactions with its central bank. The U.S. and Israel say they haven’t ruled out using force to stop Iran from obtaining nuclear weapons. The Islamic republic says its atomic program is peaceful and legitimate under international agreements. Iran holds parliamentary elections tomorrow. Crude-oil futures for April delivery rose 1.7 percent to $108.84 a barrel at 2:29 p.m. today on the New York Mercantile Exchange, up 11 percent this year. Wheat futures slid 0.6 percent to $6.64 a bushel on the Chicago Board of Trade, after climbing as much as 0.7 percent. Iran may have purchased as much as 2 million tons of wheat in the past month from international suppliers, Peterson said by telephone from Arlington, Virginia. Arkady Zlochevsky, the president of Russia’s Grain Union, said Feb. 22 that the country may deliver 1 million tons of grain to Iran. Industry officials in India also have discussed selling wheat to Iran, the Wall Street Journal reported Feb. 28, citing unnamed sources. The U.S. exported $53.035 million in agricultural products to Iran last year, the least since 2006, USDA data show. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
The U.S. Will Never Change
Search titles only
By:
Top
Bottom
