AgDay Daily Recap -April 1, 2014

April 1, 2014 02:57 AM
 

TODAY ON AGDAY

APRIL 1, 2014

 

USDA REPORTS:

GOOD MORNING I'M TRICIA SLOMA IN FOR CLINTON GRIFFITHS. WEATHER CONDITIONS ARE NOT A BIG FACTOR RIGHT NOW IN THE MARKETS, WHICH PUTS ADDITIONAL ATTENTION ON TWO KEY GOVERNMENT REPORTS.

PROSPECTIVE PLANTINGS:

DESPITE THE ANTICIPATION, THERE WERE VERY FEW SURPRISES MONDAY IN THE PROSPECTIVE PLANTINGS AND GRAIN STOCKS REPORTS. THE GOVERNMENT DATA WAS SIMILAR TO MOST PRE-MARKET EXPECTATIONS.

GRAINS:

'NASS' ALSO RELEASED THE QUARTERLY GRAIN STOCKS. THE REPORTS SHOWS STORED-SOYBEANS AT 992 MILLION BUSHELS, DOWN 1 PERCENT FROM A YEAR AGO. CORN STOCKS TOTALED SEVEN BILLION BUSHELS, UP 30 PERCENT FROM THE SAME TIME LAST YEAR. ALL WHEAT SITS AT JUST OVER A BILLION BUSHELS.

CME:

CLINTON GRIFFITHS WAS AT THE CME WHEN THE REPORTS CAME-OUT. AND THE RESPONSE SEEMED TO BE - WELL - HO HUM.

WHEAT AND COTTON:

ALL WHEAT ACRES ARE PEGGED AT JUST UNDER 56 MILLION ACRES - DOWN ONE PERCENT FROM LAST YEAR. WINTER WHEAT ACRES MAKE-UP 42 MILLION ACRES, DOWN THREE PERCENT FROM LAST YEAR. ALL COTTON COMES IN AT JUST OVER 11 MILLION ACRES, A SEVEN PERCENT INCREASE FROM LAST YEAR.

CROP WATCH:

LET'S TURN NOW TO METEOROLGOIST MIKE HOFFMAN. HE JOINS US FROM THE AGDAY WEATHER CENTER WITH CROPWATCH, MIKE.

CLIMATE POLICY:

THE WHITE HOUSE ROLLED OUT NEW CLIMATE CHANGE STEPS FOCUSED ON METHANE EMISSIONS...A SO-CALLED BIO-GAS ROADMAP. FROM THE AG SECTOR, THE PRESIDENT SPECIFICALLY MENTIONED WHAT THE DAIRY INDUSTRY IS ALREADY DOING TO CURTAIL EMISSIONS. THE GOAL IS TO REDUCE EMSSIONS FROM DAIRY'S BY 25 PERCENT BY 2020. THE NATIONAL MILK PRODUCERS FEDERATION SAYS THE DAIRY INDUSTRY VOLUNTARILY SET THAT GOAL IN 2009. THE WHITE HOUSE ANNOUNCEMENT ACKOWLEDGED THOSE PRO-ACTIVE STEPS. THIS PLAN CALLS FOR GREATER ADOPTION AND USE OF METHANE DIGESTERS AND OTHER TECHNOLOGIES.

ANALYSIS:

AS WE FIRST REPORTED AT THE BEGINNING OF THE SHOW, USDA'S LATEST ACREAGE AND GRAIN STOCKS REPORTS REALLY DID NOT IMPRESS GRAIN TRADERS VERY MUCH. THEY CAME NEAR PRE-MARKET EXPECTATIONS. WE RETURN NOW TO THE CHICAGO BOARD OF TRADE AND CLINTON GRIFFITHS, CLINTON.

3D PRINTING:

3-D PRINTERS ARE BECOMING POPULAR WITH HOBBYISTS, BUT EXPERTS WARN THAT CURRENT COPYRIGHT LAWS COULD LEAVE AMATEURS OPEN TO LAWSUITS IF THEY CREATE DESIGNS THAT ARE COPYRIGHTED. ROBERT BUMSTEAD FROM THE ASSOCIATED PRESS TAKES A CLOSER LOOK.

SOYBEAN CONTEST:

MEANWHILE A GROUP OF PURDUE UNIVERSITY STUDENTS WON TOP HONORS FOR CREATING A RENEWABLE FILAMENT FOR THREE-D PRINTING USING SOYBEANS.  EACH YEAR THE UNIVERSITY CONDUCTS A STUDENT SOYBEAN PRODUCTION INNNOVATION CONTEST. IT'S SPONSORED BY THE INDIANA SOYBEAN ALLIANCE. THE WINNING TEAM DEVELOPED 'FILL-UH-SOY' - A NEXT GENERATION 3-D PRINTING MATERIAL.  THIS PHOTO SHOWS THE WINNERS "HAMMING" IT UP FOR THE CAMERA.  THEY WERE ABLE TO PRINT THE SHARK FROM THEIR INVENTION. THEY WON 20-THOUSAND DOLLARS FOR FIRST PLACE. FILASOY REPLACES PETROLEUM-BASED PLASTICS. IT RETAINS SIMILAR PROPERTIES FOUND IN A BIOPLASTIC WITH AN ADDED "GREEN" TWIST - IT ALLOWS PRINTING WITHOUT WASTE.
COOL:

IN FOOD AND YOUR FAMILY - TWO DEVELOPMENTS IN THE ISSUE INVOLVING "COUNTRY OF ORIGIN" LABELING - OR "COOL".

OLIVE OIL:

MEANWHILE, FOOD LABELING IN THE OLIVE OIL INDUSTRY IS CAUSING PROBLEMS OVERSEAS. MANY FARMERS IN SPAIN SAY THEY'RE GETTING SHORT-CHANGED. MUCH OF THE SPANISH OIL IS EXPORTED TO ITALY, RE-PACKAGED, AND THEN SOLD ON TO THE U-S UNDER ITALIAN BRANDING. IT'S COMMON PRACTICE FOR OLIVE OIL TO BE RE-NAMED "MADE IN THE EUROPEAN UNION" AND NOT THE SPECIFIC COUNTRY. OLIVE OIL IS SAID TO BE VERY BENEFICIAL TO THE BODY. RESEARCHERS SAY EXTRA VIRGIN OLIVE OIL IS ESPECIALLY POWERFUL IN CUTTING THE CHANCE OF HEART-RELATED PROBLEMS.

KIDS HEART HEALTH:

JUST BECAUSE THEY'RE YOUNG DOESN'T MEAN THEY ARE IMMUNE TO HEART PROBLEMS.
THERE'S NEW EVIDENCE THAT REVEALS MANY YOUNG PEOPLE COULD BE HEADED DOWN THE ROAD WHEN IT COME TO HEART-HEALTH. A STUDY OF PRE-TEENS IN TEXAS FOUND THAT ABOUT ONE-THIRD OF THEM HAD BORDERLINE OR HIGH CHOLESTEROL WHEN TESTED DURING ROUTINE PHYSICAL EXAMS. HIGH CHOLESTEROL RARELY CAUSES SYMPTOMS IN YOUNG PEOPLE. BUT MORE THAN HALF OF THEM WILL GO ON TO HAVE IT IN ADULTHOOD, RAISING THEIR RISK FOR STROKE AND HEART ATTACKS. THE STUDY INVOLVED 13-THOUSAND KIDS - AGES 9 THROUGH 11 - AT DOZENS OF CLINICS IN THE HOUSTON AREA. UNHEALTHY CHOLESTEROL LEVELS WERE FOUND IN A THIRD OF THEM. DOCTORS SAY THE RESULTS SUPPORT RECENT GUIDELINES CALLING FOR EVERY CHILD TO HAVE A CHOLESTEROL SCREENING TEST BETWEEN AGES 9 AND 11.

 

 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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