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AgDay Daily Recap -January 6, 2014

January 6, 2014
 
 

TODAY ON AGDAY

JANUARY 6, 2014

 

COLD WEATHER:

GOOD MORNING I'M CLINTON GRIFFITHS. GRAB A BLANKET AND STOKE THE FIRE, THE U.S. IS IN THE MIDST OF ITS COLDEST TEMPERTURES IN SOME 20 YEARS.

WINTER WHEAT:

WHEAT PRICES RALLIED FRIDAY IN PART DUE TO THE EXTREME COLD. DESPITE BEING IN DORMANCY, BELOW ZERO TEMPERATURE CAN SEVERELY DAMAGE THE CROP--ESPECIALLY WHERE THERE'S NO SNOWCOVER. AGRONOMISTS SAY DAMAGED WHEAT WILL FAIL TO GREEN UP IN THE SPRING, SOME MAY EVEN BEGIN TO GROW BUT DIE LATER FROM VASCULAR DAMAGE DUE TO COLD.

CROP WATCH:

THIS COLD WEATHER EXPANDS ACORSS MULTIPLE COUNTRIES. MIKE HOFFMAN GOES INTERNATIONAL IN TODAY'S CROPWATCH.

HIGH CASH RENTS:

WHILE ONE FARMER THERE IS HOLDING OUT HOPE FOR LOWER CASH RENTS--ECONOMISTS IN MIDDLE AMERICA SAY THEY EXPECT RENTS TO REMAIN HIGH IN 2014.

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