AgDay Daily Recap -April 9, 2014

April 9, 2014 02:57 AM
 

TODAY ON AGDAY

APRIL 9, 2014

 

CROP PROGRESS REPORT:

GOOD MORNING I'M TYNE MORGAN. IN FOR CLINTON GRIFFITHS. WHILE LATE PLANTING RUMORS HAVE SURFACED, WE FINALLY GET OUR FIRST GLIMPSE AT PLANTING PROGRESS ACROSS THE COUNTRY.

I-80 TOUR:

JUST AS WE DO EVERY PLANTING SEASON, I'LL BE TRACKING PLANTING ACROSS THE I-80 CORRIDOR FOR EIGHT WEEKS. WHILE SOME STATES ARE STILL WAITING TO THAW OR DRY OUT BEFORE FARMERS EVEN THINK ABOUT PLANTING, IN NEBRASKA, IT'S NEEDING MORE MOISTURE THAT'S THEIR BIGGEST CONCERN.

WEED PRESSURE:

WHILE THE HARSH WINTER IS MAKING IT TOUGH FOR FARMERS IN OTHER AREAS TO GET IN THE FIELD, IT MAY HELP CONTROL DAMAGING INSECTS THIS SPRING. FARM JOURNAL AGRONOMIST KEN FERRIE SAYS FOR INSECTS THAT LAY EGGS CLOSE THE SURFACE, SURVIVAL RATE WILL BE DOWN. THAT INCLUDES SOY BEETLES AND ROOTWORM BEETLES. BUT HE SAYS SOME OF THE DEEPER BURROWING INSECTS, LIKE WIRE WORM, THE KILL RATE WASN'T AS HIGH. WE MAY SEE A LITTLE HELP WITH INSECT PRESSURE, BUT FERRIE SAYS THE WINTER HAD THE REVERSE EFFECT ON WEEDS.

WHEAT CONDITIONS:

AS YOU SAW IN THE NERBASKA PLANTING UPDATE, WHEAT IN THE WESTERN HALF OF THE STATE LOOKS GOOD. AND NASS' MOST RECENT CONDITIONS REPORT REFLECTS THAT.

CROP WATCH:

WHILE I DIDN'T SEE PLANTING IN NERBASKA, CINDI CLAWSON HAS SOME FIELD ACTION TO REPORT IN CROPWATCH.

CARGILL EARNINGS:

IN AGRIBUSINESS CHINA'S REJECTIONS OF U-S CORN HAVE HURT CARGILL'S BOTTOMLINE.
CARGILL POSTED ITS THIRD QUARTER EARNINGS ON TUESDAY, AND IT SHOWED PROFITS FELL 28 PERCENT. THAT'S FROM TRADING LOSSES, AS WELL AS CHINESE OFFICIALS REJECTING CORN SHIPMENTS THAT CONTAIN UNAPPROVED CORN TRAITS. CARGILL'S EARNINGS CAME IN AT 319 MILION DOLLARS. THAT'S DOWN FROM 445 MILLION THE YEAR PRIOR.

CORN:

MEANWHILE, CHINA MAY BE REJECTING U-S CORN SHIPMENTS, BUT THIS WEEK THE COUNTRY ANNOUNCED IT WILL START ALLOWING CORN IMPORTS FROM BRAZIL THIS MONTH.  BRAZIL ORIGINALLY ANNOUNCED THE POTENTIAL GRAIN SHIPMENTS LATE LAST YEAR. BRAZIL IS THE WORLD'S SECOND LARGEST CORN EXPORTER RIGHT AFTER THE U-S.

ANALYSIS:

THERE WAS A HICCUP IN THE GRAIN MARKETS TUESDAY AS ELECTRONIC TRADING AT C-M-E WAS TEMPORARILY HALTED. C-M-E BLAMED IT ON TECHNICAL ISSUES. HOPEFULLY THAT WON'T REPEAT TODAY AS USDA RELEASES THE APRIL SUPPLY-AND-DEMAND REPORT AT NOON EASTERN TODAY. TRADERS EYES ARE ON THIS REPORT, AS WE'LL SEE USDA'S TAKE ON THE MARCH QUARTERLY STOCKS NUMBERS.  BUT IS RUNNING OUT OF A CERTAIN GRAIN OR OILSEED A CONCERN LIKE IT WAS LAST YEAR? AL PELL DISCUSSES THAT VERY TOPIC IN THIS MORNING ANALYSIS.

$100 IDEA:

TODAY'S 100 DOLLAR IDEA WINNER IS NATHAN KLINE-SASSER OF MARTINSDALE, MONTANA. HE DEVELOPED A HOMEMADE CATTLE SQUEEZE GATE. BY CUTTING THE GATE IN HALF, LONGWAYS, IT CREATES TWO ACCESS POINTS. FARM JOURNAL'S PAM FRETWELL TALKED WITH NATHAN ABOUT HIS IDEA WHICH HELPS PROTECT A RANCH-HAND FROM AN ANXIOUS ANIMAL.

PABST BEER:

WISCONSIN-ITES ARE PROUD OF THEIR GREEN BAY PACKERS AND THE CHEDDAR CHEESE. BUT LONG BEFORE THOSE ICONS, MILWAUKEE WAS KNOWN FOR ITS BEER. THE BREWING TRADITION STARTED BY MILWAUKEE'S GERMAN IMMIGRANTS IN THE 1800'S. AND IT STAYED THAT WAY FOR GENERATIONS. BUT IN THE LATE 1990'S, ONE OF THE FAMOUS LABELS - PABST BLUE RIBBON - LEFT TOWN. NOW THERE'S A PUSH TO BRING "P-B-R" BACK TO ITS BIRTHPLACE. CARRIE ANTLE-FINGER HAS OUR STORY FROM MILWAUKEE.

WHEAT IMMUNITY:

IN FOOD AND YOUR FAMILY, THE BREADBASKETS OF THE WORLD COULD GET SOME HELP.  THAT'S THANKS TO A NEW WHEAT DISCOVERY THAT COULD SAVE THE CROP FROM A DEVESTATING DISEASE.

MICHIGAN FRUIT DAMAGE:

IT'S NOT JUST AMERICANS HURTING FROM THE BRUTALLY COLD WINTER WE JUST EXPERIENCED. SOME FRUIT CROPS COULDN'T STAND THE COLD EITHER.

 

 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
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