AgDay Daily Recap - 11/03/09
11/3/2009
TODAY ON AGDAY:
November 3, 2009
Crop Progress: THE DELAYS IN HARVEST ARE STARTING TO REVEAL THE IMPACT ON CROP QUALITY FOR BOTH CORN AND SOYBEANS. THE AG DEPARTMENT REPORT SHOWS THE CONDITION RATING HAS DROPPED TWO POINTS FROM LAST WEEK IN BOTH CROPS. 67-PERCENT OF CORN AND 63-PERCENT OF SOYBEANS ARE GOOD TO EXCELLENT. ON A STATE BY STATE LEVEL, MICHIGAN CORN FIELDS SAW THE BIGGEST DECLINE... A DROP OF TEN POINTS. WISCONSIN IN DOWN SEVEN. AS FAR PROGRESS IN THE HARVEST...25-PERCENT OF THE NATION'S CORN IS HARVESTED, UP FIVE FROM LAST WEEK. COMPARE THAT TO 71-PERCENT AVERAGE. PRODUCERS IN THE PRIMARY CORN STATES MADE ONLY SINGLE DIGIT IMPROVEMENT FROM LAST WEEK. THERE WAS SIMILAR HEADWAY WITH THE SOYBEAN CROP, WHICH IS NOW AT 51-PERCENT HARVESTED. UP SEVEN FROM THE PREVIOUS WEEK, BUT DOWN 36-PERCENT OVERALL. SOME OTHER CROPS OF NOTE -- 15-PERCENT OF SUNFLOWERS ARE HARVESTED...UP A FEW POINTS. 28-PERCENT OF COTTON IS PICKED...UP NINE POINTS FROM THE PREVIOUS WEEK. WITH ALL THEIR RECENT RAINS, THE QUALITY CONDITION HAS DROPPED AS WELL. 56-PERCENT OF PEANUTS AND 45-PERCENT OF SORGHUM ARE HARVESTED. ALL OF THOSE ARE LAGGING BY 20 POINTS. http://usda.mannlib.cornell.edu/MannUsda/
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Cotton’s Week: IN COTTON'S WEEK, TRAN BUI FROM THE NATIONAL COTTON COUNCIL HAS AN UPDATE ON RESEARCH BEING CONDUCTED ON THE FACTORS THAT IMPACT COTTON MATURITY.
Ohio Vote: OHIO VOTERS WILL HEAD TO THE POLLS THIS MORNING. ONE OF THE MATTERS TO DECIDE IS ISSUE TWO. VOTING IN FAVOR WOULD CREATE A LIVESTOCK CARE BOARD IN THE STATE OF OHIO. THE STATE LEGISLATURE PUT THE MATTER ON THE BALLOT TO FIGHT OFF ANIMAL RIGHTS SUPPORTERS. THOSE GROUPS ARE TRYING TO OUTLAW CAGES FOR EGG-LAYING HENS AND GESTATION CRATES FOR SOWS. OPPONENTS ARGUE THAT THE REGULATIONS FORCE FARMERS TO MAKE COSTLY CHANGES AND DRIVE UP PRICES.
China Wind: A CONSORTIUM OF CHINESE AND AMERICAN COMPANIES ANNOUNCED A JOINT VENTURE LAST WEEK TO BUILD A 600-MEGAWATT WIND FARM IN WEST TEXAS. CONSTRUCTION OF THE ONE-AND-A-HALF BILLION DOLLAR WIND FARM WILL BE FINANCED LARGELY BY CHINESE BANKS, BUT THERE WERE ALSO SOME LOAN GUARANTEES AND CASH GRANTS FROM OUR FEDERAL GOVERNMENT. TWO-HUNDRED-40 TURBINES WILL BE INSTALLED, STARTING IN MARCH. THOSE TURBINES WILL BE MADE IN CHINA AND SHIPPED TO THE U-S. CHINA, HOWEVER, CONTINUES TO BUY HUGE AMOUNTS OF AMERICAN AG PRODUCTS, DETAILS IN ANALYSIS.
Analysis: Brian Basting, Advance Trading
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In the Country: PHEASANT SEASON IS NOW UNDERWAY IN THE HAWKEYE STATE...AND IT USUALLY MEANS BIG BUSINESS IN IOWA. BUT OVER THE PAST COUPLE OF YEARS, THE PHEASANT COUNT HAS BEEN DOWN. THAT MEANS FEWER SPORTSMEN MAY SHOW-UP. IT'S SUCH A CONCERN, THE STATE LEGISLATURE IS TAKING ACTION. IN THIS REPORT PROVIDED BY THE IOWA D-N-R, JOE WILKINSON EXPLAINS WHAT'S BEING DONE TO PUT MORE BIRDS IN THE FIELD. IOWA'S PHEASANT SEASON RUNS THROUGH JANUARY TENTH...IRONICALLY THAT'S THE DAY THE TASK FORCE REPORT IS DUE ON THE DESK OF IOWA LAWMAKERS.
Muscadine Grapes: IN FOOD AND YOUR FAMILY...AN INCREASING NUMBER OF GRAPE GROWERS IN THE SOUTHEAST UNITED STATES ARE USING A VARIETY CALLED MUSCADINE. IT'S USED FOR WINE, JUICE AND JELLY MAKING. IN THIS REPORT FROM MISSISSIPPI STATE EXTENSION, LEIGHTON SPANN SAYS JUDGING BY A FIELD DAY EARLIER THIS FALL, THE MUSCADINE IS GROWING IN POPULARITY. ACCORDING TO THE AG RESEARCH SERVICE WING OF THE USDA, WINE MADE FROM MUSCADINES CAN HELP LOWER YOUR CHOLESTEROL LEVELS AND RISK FOR HEART DISEASE.
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