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AgDay Daily Recap - October 26, 2010

October 26, 2010
 
 

TODAY ON AGDAY:

OCTOBER 26, 2010

CROP PROGRESS:

FARMERS WON'T BE SPENDING THE HOLIDAY SEASON IN THE COMBINE CAB THIS YEAR, THAT'S HOW FAR AHEAD THEY ARE WHEN IT COMES TO HARVEST. OTHER THAN THAT, NO GREAT SURPRISES IN THIS WEEK'S USDA CROP PROGRESS REPORT. WE'LL BEGIN IN SOUTH-CENTRAL NEBRASKA, WHERE SORGHUM HARVEST IS NOW UNDERWAY. WE VISITED GERALD SIMONSEN LAST WEEK AS HE WAS CUTTING HIS FIELDS. SIMONSEN IS CHAIRMAN OF THE NATIONAL SORGHUM PRODUCERS. ABOUT HALF OF NEBRASKA'S SORGHUM CROP IS NOW HARVESTED. NATIONWIDE, THREE QUARTERS OF THE CROP IS FINISHED. NOW TO CORN, 83% IS HARVESTED. COMPARE THAT TO LAST YEAR WHEN ONLY 20% WAS SHELLED BY NOW. THE FIVE YEAR AVERAGE IS 49%. ILLINOIS AND INDIANA CORN CROPS ARE NEARING 100%. THE WESTERN CORNBELT ISN'T TOO FAR BEHIND THAT PACE. AS FAR AS THE SOYBEAN CROP, 91% IS OUT OF THE FIELDS. FARMERS IN THE BIG "EYE" STATES HAVE JUST ABOUT WRAPPED UP CUTTING THOSE FIELDS. AND IN WINTER WHEAT. USDA SAYS 88% IS PLANTED AND 64% HAS EMERGED. THAT'S RIGHT ON PAR WITH THE FIVE YEAR AVERAGE. THE ONE THING TO NOTE, HOWEVER, IS CONDITION. 80% IS CALLED FAIR TO GOOD. ONLY 6% IS EXCELLENT. WE KNOW THE LACK OF RAIN HAS BEEN A CONCERN FOR MANY GROWERS IN KANSAS, TEXAS AND OKLAHOMA.

ND CORN HARVEST:

TAKING A MORE FOCUSED LOOK IN NORTH DAKOTA 55% OF THE CORN IS HARVESTED. LAST YEAR, IT WAS A MISERABLE 2% BY NOW...AND HARVEST CONTINUED WELL INTO WINTER. THIS YEAR, HOWEVER FARMERS WERE BLESSED WITH ABUNDANT MOISTURE THIS SPRING AND IDEAL GROWING CONDITIONS THIS SUMMER. IN THIS REPORT FROM AFFILIATE KFYR, CLIFF NAYLOR SAYS THIS HARVEST HAS BEEN PICTURE PERFECT.

TRUCK SALES:

THANKS CLIFF. A GOOD HARVEST AND GOOD PRICES MAY BE IMPACTING OTHER INDUSTRIES. NEW REPORTS FROM BLOOMBERG AND AUTODATA SHOW PICKUP TRUCK SALES ARE UP IN 2010. PURCHASES OF NEW TRUCKS ARE UP 14% COMPARED TO JUST 10% INCREASES IN OVERALL NEW VEHICLE SALES. SO FAR AUTOMAKERS AREN'T ATTRIBUTING THE INCREASE DIRECTLY TO AGRICULTURE BUT AREN'T RULING IT OUT EITHER.

TRUCK EMISSIONS:

AND COME 2014 THOSE NEW TRUCKS WILL BE REQUIRED TO HAVE LOWER EMISSIONS AND GET BETTER GAS MILEAGE. FOR THE FIRST TIME, THE EPA AND DEPARTMENT OF TRANSPORTATION ARE REQUIRING HEAVY-DUTY PICKUPS, BIG RIGS AND BUSES, MEET NEW STRINGENT GUIDELINES.

WORK TRUCKS, SCHOOL BUSES, LONGHAUL TRUCKS AND OTHERS WILL HAVE TO CUT FUEL CONSUMPTION AND EMISSIONS BY 10-20%. BIG RIG TRUCKS WILL SEE THE GREATEST CHANGE: THEY'LL BE REQUIRED TO REDUCE FUEL CONSUMPTION AND EMISSIONS 20% BY 2018. TO MEET THE NEW STANDARDS--WHICH START IN 2014--COMPANIES WILL USE NEW TECHNOLOGY, SUCH AS IMPROVED AERODYNAMICS, TIRE ROLLING RESISTANCE, AND ENGINE AND TRANSIMISSION UPGRADES.

STATE BY STATE:

IN OTHER FARM STATE HEADLINES...IN LOUISIANA, THE STATE'S TREASURY DEPARTMENT APROVED THE ALLOCATION OF NEARLY TWO MILLION DOLLARS FOR THE CONSTRUCTION OF A RAIL FACILITY WEST OF LAKE CHARLES. ACCORDING TO THE U.S. RICE PRODUCERS ASSOCIATION, THIS FACILITY WILL ALLOW RICE FARMERS IN THAT REGION TO SHIP ROUGH RICE TO MEXICO, WHICH IS THE NUMBER ONE MARKET FOR U.S. LONG GRAIN RICE. THE RAIL FACILITY CAN ALSO SHIP OTHER GRAINS. IN DELAWARE, OFFICIALS AT THE PORT OF WILMINGTON QUARANTINED A CARGO SHIP THAT WAS FLYING UNDER A PANAMANIAN FLAG BECAUSE THEY FEARED IT MIGHT POSE A THREAT TO THE U-S LIVESTOCK INDUSTRY. ACCORDING TO A LOCAL NEWSPAPER, THE SHIP TRAVELED FROM URUGUAY TO THE U.S. TO PICK-UP A HERD OF CATTLE. IT WAS THEN TO BE SHIPPED OVERSEAS. WHEN CUSTOM AGENTS BOARDED THE SHIP, THEY FOUND FILTHY CONDITIONS, INCLUDING A LOAD OF GARBAGE AND MANURE. AGENTS SAY THEY WERE CONCERNED ABOUT THE POTENTIAL THREAT OF CONTAGIOUS ANIMAL DISEASES, LIKE HOOF AND MOUTH DISEASE. AND IN WASHINGTON STATE, THE BELLINGHAM FOOD BANK RECEIVED A FOUR TON DONATION OF SWEET CORN FROM THE "VERTICALLY INTREGRATED PARTNERSHIP". VIP IS A COALITION OF FARMERS, FOOD PROCESSORS AND FOOD DISTRIBUTORS TRYNIG TO STOP HUNGER IN THE PACIFIC NORTHWEST. ANOTHER 26 TONS OF SWEET CORN WAS SHIPPED TO A FOOD BANK IN SHORELINE, WASHINGTON.

CHINESE SOY PURCHASE:

IN AGRIBUSINESS GRAIN MARKETS SAW A STRONG START TO THE WEEK.

DEC- CORN WAS UP NEARLY 9 CENTS AND NOVEMBER SOYBEANS WERE UP MORE THAN 18. DRIVING MONDAY'S RALLY WERE EXPORT REPORTS.  ACCORDING TO THE USDA, U.S. SHIPPERS REPORTED SALES OF 232,000 METRIC TONS OF SOYBEANS TO CHINA. IT'S IMPORTED MORE THAN 40 MILLION TONS IN THE FIRST NINE MONTHS OF 2010...THAT'S A RECORD FOR THE ASIAN SUPER BUYER. CORN AND SOYBEAN PRICES CONTINUE TO RISE ON SPECULATION CHINA WILL BUY MORE. INCREASING DEMAND FOR ANIMAL FEED AND RECORD PRICES IN CHINA--HAVE ANALYSTS EXPECTING CONTINUED STRONG DEMAND.

ANALYSIS:

BOB UTTERBACK

IN THE COUNTRY; CALIFORNIA PUMPKINS:

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