Sep 17, 2014
Home | Tools| Events| Blogs| Discussions Sign UpLogin

AgDay Daily Recap -Aug 6, 2014

August 6, 2014
 
 

 

TODAY ON AGDAY
AUGUST 6, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY - NEW ESTIMATES ARE OUT ON THIS YEAR'S CROPS AND PREDICTIONS ARE TEMPERED BY DRY WEATHER IN JULY. IN AGRIBUSINESS...IF THE CROP IS BIG, WILL BIG DEMAND FOLLOW? THEY'RE MAKING A LOT OF MONEY AND SO WHENEVER YOU'RE MAKING MONEY YOU'RE NOT GOING TO CUT BACK WHAT YOU'RE DOING. SUGARCANE STRUGGLING THANKS TO A COOL SUMMER... TAKING AG INTO THE CLASSROOM...TENNESSEE IS TEACHING TEACHERS BEFORE THE SCHOOL YEAR BEGINS. AGDAY - BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO - THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.
INFORMA ESTIMATES:
GOOD MORNING I'M CLINTON GRIFFITHS. AS THE AG DEPARTMENT GETS SET TO UNVEIL ITS LATEST ESTIMATE OF THIS YEAR'S CROP SIZE, PRIVATE FIRMS ARE ALREADY SETTING THE TONE FOR THE MARKET. .AND THAT'S OUR TOP STORY ON AGDAY…
MATT BENNETT:
ONE OF THE REASONS FOR SUCH A BIG CROP COMES FROM ILLINOIS. AS OF MONDAY, THE AG DEPARTMENT SAYS 81-PERCENT OF THE STATE'S CORN CROP IS GOOD TO EXCELLENT. BREAKING IT DOWN EVEN FURTHER, 29-PERCENT IS CALLED EXCELLENT.

THE PLANTING INTENTIONS REPORT SHOWED NEARLY 12 MILLION ACRES OF CORN WERE PLANTED IN ILLINOIS THIS YEAR.

FARM DIRECTOR AL PELL JUST TALKED WITH MATT BENNETT. HE'S A GRAIN MARKET ANALYST AND A FARMER IN CENTRAL ILLINOIS. HE SAYS THE ILLINOIS CROP IS HARD TO BEAT.

PROFARMER TOUR:
MEANWHILE, WE'RE GEARING-UP FOR THE ANNUAL PROFARMER MIDWEST CROP TOUR. IT KICKS OFF MONDAY AUGUST 18TH. THE SCOUTS COVER SEVEN STATES IN FOUR DAYS TO COME-UP WITH A COMPREHENSIVE ESTIMATE OF THE CORN AND SOYBEAN CROPS... WE'LL HAVE DAILY COVERAGE HERE ON AGDAY.
CROP WATCH:
GUESSES ARE ALL OVER THE BOARD WHEN IT COMES TO THE SIZE OF THIS YEAR'S CORN CROP. SOME FARMERS IN THE CORNBELT AREN'T AS SURE ABOUT A "RECORD" CROP.

MIKE HOFFMAN WITH DETAILS IN CROPWATCH, MIKE…

LSU SUGARCANE:
TALL STALKS OF SUGARCANE ARE A COMMON SIGHT AROUND SOUTH LOUISIANA IN MIDSUMMER, BUT THIS YEAR STALKS ARE SHORTER THAN NORMAL. TOBIE BLANCHARD FROM THE LSU AG-CENTER SAYS THAT COOL WEATHER WE ENJOY DOESN'T HAVE MUCH BENEFIT TO SUGARCANE.
OSHA UPDATE:
THE OCCUPATIONAL SAFETY AND HEALTH ADMINISTRATION IS UPDATING ITS INSTRUCTIONS ON WHAT IT CONSIDERS A SMALL FAMILY FARM. THOSE INSTRUCTIONS WILL DETERMINE WHETHER A FARM IS SUBJECT TO REGULATIONS BY THE FEDERAL ADMINISTRATORS.
TEASE:
STILL TO COME A MAJOR SHIPPING ROUTE IS SET FOR AN UPDATE. PLUS, TAKING A LOOK AT DEMAND FOR GRAINS AS PRICES FALL AND POTENTIAL YIELDS STAY HIGH…
SUEZ CANAL:
IN AGRIBUSINESS TODAY - A MAJOR SHIPPING CHANNEL MAY SEE EXPANSION SOON.

THE EGYPTIANS ANNOUNCING PLANS TO BUILD A NEW CHANNEL THAT RUNS PARALLEL TO THE SUEZ CANAL...THE 60 BILLION DOLLAR PROJECT COULD HELP BOOST CAPACITY IN THE REGION--TAKING SHIP WAITING TIMES FROM 11 HOURS TO 3. THE SUEZ WAS ORGINALLY BUILT BACK IN 1869 TO PROVIDE A FASTER ROUTE FROM EUROPE TO ASIA.

CONSTRUCTION OF THE NEW 45 MILE SHIPPING LANE IS SCHEDULED TO TAKE A YEAR ALTHOUGH THE EGYPTIAN PRESIDENT WANTS THE CHANNEL DONE IN ONE.

ANALYSIS INTRO:
 WITH WHAT LOOKS TO BE A BUMPER CROP IN THE PIPE, CAN DEMAND FOR GRAINS KEEP UP. FARM DIRECTOR AL PELL TAKES A LOOK AT IN THIS MORNING'S ANALYSIS.
ITC AG IN CLASSROOM:
 NOW THAT WE'VE HIT AUGUST, SUMMER VACATION IS QUICKLY COMING TO A CLOSE AND CHILDREN WILL BE HEADED BACK TO SCHOOL. "HOLD THE APPLAUSE, PARENTS". SOME STUDENTS WHO DIDN'T GROW UP AROUND A FARM WILL BE GETTING A LIFE LESSON THIS YEAR THANKS TO THE "AG IN THE CLASSROOM" PROGRAM. BUT BEFORE THE STUDENTS CAN LEARN, THE TEACHERS HAVE TO BE TRAINED. CHUCK DENNEY TAKES US TO CLASS IN THIS REPORT PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE.
ITC TAG:
TENNESSEE TEACHERS CAN ALSO APPLY FOR SCHOOL GARDEN GRANTS FROM FARM BUREAU TO HELP THEM TEACH THE 'AG IN THE CLASSROOM' CURRICULUM. IF INTERESTED, CHECK WITH YOUR STATE FARM BUREAU OFFICE TO SEE WHAT ASSISTANCE THEY CAN PROVIDE TO BRING "AG INTO THE CLASSROOM." FOOD AND YOUR FAMILY IS NEXT.
GLUTEN FREE:
STARTING THIS WEEK, "GLUTEN-FREE" LABELS ON PACKAGED FOODS BETTER BE THAT - GLUTEN-FREE. LAST YEAR FDA ISSUED A RULE ON FOOD LABELING TO IMPROVE LIFE FOR PEOPLE WITH CELIAC DISEASE. STARTING YESTERDAY THE RULE IS NOW EN FORCE.

CELIAC DISEASE IS A SERIOUS HEALTH ISSUE AND THERE IS NO CURE. PEOPLE WITH THE DISEASE AVOID EATING PRODUCTS THAT CONTAIN WHEAT, RYE, AND BARLEY. UNTIL NOW, THE TERM "GLUTEN-FREE" HAD NOT BEEN REGULATED, AND MANUFACTURERS MADE THEIR OWN DECISIONS ABOUT WHAT IT MEANS. NOW IF IT'S LABELED GLUTEN-FREE IT MUST CONTAIN LESS THAN 20 PARTS PER MILLION.

THAT AMOUNT IS GENERALLY RECOGNIZED BY THE MEDICAL COMMUNITY TO BE LOW ENOUGH SO THAT MOST PEOPLE WHO HAVE CELIAC DISEASE WON'T GET SICK IF THEY EAT IT.

CONTACT PAGE:
CLINTON… WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-7-9-2-43-29. OR DROP AN EMAIL TO INBOX-AT-AGDAY-DOT-COM.

YOU CAN ALSO CHECK US OUT ON FACEBOOK.

RFD PROMO:
COMING UP WEDNESDAY ON AGDAY...OUR CORN LOOKS AG GOOD AS I'VE EVER SEEN ...WE'LL HAVE THE LATEST PRIVATE CROP ESTIMATES. PLUS WE'LL ANALYZE IF DEMAND CAN KEEP UP WITH SUPPLY.AND TAKING AG TO THE CLASSROOM…JOIN US EIGHT EASTERN ON RFD.
 
 

See Comments

RELATED TOPICS: Daily Recap

 

MARKETS

CROPSLIVESTOCKFINANCEENERGYMETALS
Market Data provided by Barchart.com
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions