1. At the same time, the European Union has resumed selling subsidized wheat, capturing traditional U.S. markets in Yemen and elsewhere. 2. Additionally, farmers can collect higher prices by selling their wheat now rather than storing it for later, bringing more supplies than usual to market. 3. Grain elevators, where the wheat is sold, say the wheat that has been harvested has been damaged from all the rain. 4. --It remains illegal for independent dairy companies in New Zealand to export butter or cheese, or for Canadian farmers to sell wheat abroad. 5. The Australian Wheat Board, which sells Australian wheat overseas, is not convinced that El Nino will have such a massive impact. 6. The lower sales come as other producers, such as Canada and Australia, are selling cheaper wheat than the U.S. 7. Wheat can be placed under loan for nine months, during which the farmer can watch for higher prices, sell the wheat and repay the loan. 8. Within days farmers complained about their inability to sell wheat to Pakistan, and the ban on agriculture exports was repealed. 9. A senior U.S. official on Wednesday sharply criticized the way Australia sells wheat in foreign markets, raising fears of a serious trade dispute between the two countries. 10. After the wheat is sold, the board pays the farmer the difference between the initial payment and whatever it sold the wheat for. |