AgDay Daily Recap -February 28, 2014

February 28, 2014 01:57 AM
 

TODAY ON AGDAY

FEBRUARY 28, 2014

 

CHINA TRADE:

GOOD MORNING I'M CLINTON GRIFFITHS. CHINESE BUYING-POWER IMPACTS DEMAND. AND THIS TIME WE'RE NOT LIMITING THE CONVERSATION TO CORN AND SOYBEANS.

CHINA SMOG:

KEEPING OUR EYE ON CHINA - WHEN IT COMES TO GROWING IT'S OWN CROPS, PARTS OF CHINA ARE STRUGGLING UNDER THE HAZE OF DENSE SMOG. THE POLLUTION IS BLOCKING NATURAL LIGHT ACROSS 15 TO 25 PERCENT OF THE COUNTRY. THAT'S CHOCKING OFF PHOTOSYNTHESIS IN PLANTS...AND STARTING TO IMPACT YIELDS. ONE SCIENTISTS SAYS SEEDS THAT NORMALLY TAKE ABOUT 20 DAYS TO SPROUT IN A GREENHOUSE ARE TAKING 2 MONTHS. GREENHOUSES SIT ON ABOUT 8 MILLION ACRES AND SUPPLY MOST OF THE MAINLAND'S VEGETABLES.

CROP WATCH:

NASA IS WORKING WITH THEIR JAPANESE COUNTERPARTS TO LAUNCH INTO SPACE - WHAT'S IN ESSENCE - A GIGANTIC RAIN GAUGE. IT'S CALLED THE GLOBAL PRECIPITATION MEASUREMENT OR G-P-M. IT WILL MEASURE EVERYTHING FROM LIGHT RAIN TO HEAVY RAIN AND FALLING SNOW AROUND THE GLOBE. IT WILL HELP SCIENTISTS MEASURE HOW MUCH FRESH WATER AND SNOW IS AVAILABLE AT ANY GIVEN TIME. NASA ALSO SAYS G-P-M WILL ALSO IMPROVE HURRICANE AND TYPHOON FORECASTS, AS WELL AS PREDICT FLOODS AND DROUGHTS. NASA SAYS THEY PLAN TO BE ABLE TO DELIVER THE GLOBAL RAINFALL AND SNOWFALL EVERY THREE HOURS.

BAYER:

IN AGRIBUSINESS - BAYER CROPSCIENCE SAYS IT'S FILED AN APPLICATION TO REGISTER A NEW SEED TREATMENT. IF APPROVED BY E-P-A IT WOULD BE THE FIRST TO PROVIDE PROTECTION AGAINST THE FUNGUS THAT CAUSES SUDDEN DEATH SYNDROME. SDS IS ESITMATED TO CAUSE ANNUAL LOSSES OF ROUGHLY 42 MILLION BUSHELS PER YEAR.
BAYER EXPECTS EPA REGISTRATION BY THE END OF 2014 AND AVAILABLE FOR THE 2015 GROWING SEASON.

PROFIT BRIEFING:

ON THURSDAY MARCH BEANS CLOSED UNDER 14-DOLLARS, BUT THAT'S BEEN THE EXCEPTION. WE'VE SEEN A BIG JUMP IN OLD CROP SOYBEAN PRICES THIS WEEK. SEVERAL FACTORS ARE PLAYING A ROLE. AND MANY OF THOSE ARE IN BRAZIL WHICH CONTINUES TO STRUGGLE WITH ADEQUATE SHIPPING AND TROUBLESOME WEATHER. IN THIS WEEK'S PROFARMER PROFIT BRIEFING, CHIP FLORY AND BRIAN GRETE LOOK AT THE MARKET AND WHERE IT'S HEADED.

BLACK HISTORY MONTH:

WE'RE WRAPPING UP THE FINAL DAYS OF BLACK HISTORY MONTH FOR 2014. IN MISSOURI, KIDS ARE READING A NEW CHILDREN'S BOOK THAT TELLS THE STORY OF A 19TH CENTURY MISSOURI BLACK EDUCATOR.  KENT FADDIS WITH UNIVERSITY OF MISSOURI EXTENSION HAS MORE ON THIS HISTORY LESSON FOR ELEMENTARY SCHOOL STUDENTS.

LABEL CHANGES:

THE FOOD AND DRUG ADMINISTRATION WANTS TO MAKE SIGNIFICANT CHANGES TO FOOD LABELING. THE AGENCY WANTS THE LABELS TO REFLECT WHAT PEOPLE ACTUALLY EAT AND NOT WHAT THEY "SHOULD" EAT. THE F-D-A SAYS THIS WOULD HELP CONSUMERS BY SHOWING THEM WHAT THEY ARE REALLY INGESTING. HERE'S A SAMPLE LABEL THAT F-D-A CREATED, YOU MIGHT NOTICE THE BIGGER FONT USED FOR CALORIES AND SERVING SIZE. THEY'VE ALSO ADDED A NEW LINE THAT SHOWS HOW MUCH ADDITIONAL SUGAR YOU'LL BE EATING. F-D-A OPENED A 90 DAY COMMENT PERIOD ON THE PROPOSED LABEL CHANGES.

BARN:

TODAY'S GREAT AMERICAN BARN RECEIVES A LOT OF ATTENTION AND ACK-OH-LADES FROM PEOPLE WHO ENJOY HISTORY.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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