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AgDay Daily Recap -July 9, 2014

July 9, 2014
 
 

 

 

TODAY ON AGDAY
JULY 9, 2014
 
OPEN HEADLINES:
COMING UP TODAY ON AGDAY -

THE EPA TAKES TO THE ROADS OF RURAL AMERICA TO TRY TO EXPLAIN IT WATERS OF THE U.S. PROPOSAL.

THE MISSISSIPPI RIVER IS SPILLING OVER ITS BANKS IN ILLINOIS AND MISSOURI.

IN AGRIBUSINESS THE USDA IS A PRICE MANAGER THEY DON'T' WANT PRICES TO LOW I THINK CORN HAS GOTTEN TO LOW. GRAIN PRICES CONTINUE TO FALL...WHAT TO WATCH YET IN 2014.

THIS TEENAGE RIDER’S SITS TALL IN THE SADDLE. BUT AN ACCIDENT NEARLY PARALYZED HIM.

I FELL NINE FEET ONTO MY HEAD. THREE BRAIN BLEEDS AND BROKE MY BACK. WHAT GOT HIM TO CLIMB BACK ON? AGDAY BROUGHT TO YOU BY CHEVY SILVERADO-THE 2014 NORTH AMERICAN TRUCK OF THE YEAR.

WATER RULE:
GOOD MORNING I'M CLINTON GRIFFITHS. THE E-P-A SAYS FARMERS HAVE NOTHING TO FEAR WHEN IT COMES TO GOVERNMENT REGULATION OF THE WATERWAYS. BUT SOME PRODUCERS AREN'T SO SURE...AND THAT'S OUR TOP STORY ON AGDAY.
MISSISSIPPI RIVER RISING:
THANKS TYNE…THE MISSISSIPPI RIVER CONTINUES ITS SLOW RISE IN SEVERAL MISSOURI AND ILLINOIS TOWNS. FARM JOURNAL'S PAM FRETWELL SENT THIS FOOTAGE FROM AN AREA NEAR QUINCY, ILLINOIS.

THE RECENT HEAVY RAINS - ESPECIALLY IN IOWA PUSHED RIVERS AND STREAMS HIGHER, WHICH DUMP INTO THE MISSISSIPPI. TWO MISSISSIPPI RIVER BRIDGES REMAIN CLOSED - ONE AT QUINCY, ILLINOIS, THE OTHER AT LOUISIANA, MISSOURI. QUINCY HAS TWO BRIDGES SO ALL TRAFFIC IS BEING ROUTED TO THE ONE THAT REMAINS OPEN.THE CLOSURE OF THE BRIDGE AT LOUISIANA IS MORE OF A HEADACHE FOR DRIVERS. TRAFFIC IS RE-ROUTED TO HANNIBAL - WHICH IS 70 MILIES OUT OF THE WAY ROUNDTRIP. BARGE TRAFFIC ALSO HAS GROUND TO A HALT, WITH SEVERAL LOCKS AND DAMS CLOSED.

 CALI WATER:
FOR THE FIRST TIME IN SOME 50 YEARS, THE FEDERAL GOVERNMENT SAYS IT WILL NOT DELIVER WATER TO MOST CENTRAL VALLEY IRRIGATION DISTRICTS. DROUGHT STRICKEN CALIFORNIA SAYS THERE'S NOT ENOUGH WATER FROM THE SIERRA NEVADA REGION TO GO AROUND. THAT'S A TOUGH DRINK FOR PRODUCERS THERE--TYPICALLY MORE THAN 230 CROPS ARE GROWN IN THE CENTRAL VALLEY--AMOUNTING TO ROUGHLY 8 PERCENT OF U.S. AG OUTPUT.
TEASE:
CLINTON…STILL TO COME A CLOSER LOOK AT MARKETS…FARM DIRECTOR AL PELL IS ASKING MIKE FLOREZ WHAT KINDS OF MOVES HE'S ANTICIPATING TO ROUND OUT 2014.
AGDAY REOPEN:
YOU ARE WATCHING AGDAY - HOSTED BY CLINTON GRIFFITHS, NATIONAL REPORTER TYNE MORGAN, FARM DIRECTOR AL PELL AND METEOROLOGIST MIKE HOFFMAN. AGDAY THE COUNTRY EXPERIENCE.
ANALYSIS INTRO:
WE TALKE ABOUT PRICES EARLIER IN THE SHOW…HERE WITH MORE ON WHAT TO WATCH, FARM DIRECTOR AL PELL AND MIKE FLOREZ…GENTLEMEN.
ANALYSIS:
OUR GUEST HERE AT AGRIBUSINESS DESK IS MIKE FLOREZ OF FLOREZ TRADING MIKE WE'VE HAD SUCH A DROP IN THE MARKETS RECENTLY THAT THERE ARE A LOT OF PEOPLE ASKING ME WHERE ARE THEY GOING TO GO AND I KNOW YOU LOOK AT EVERYTHING AND THEN MAKE SOME DECISIONS SO WHERE ARE THE MARKETS GOING TO GO. WELL ON THE GRAINS I THINK THAT THE SOYBEANS ARE PROBABLY GOING TO MAKE NEW CONTRACT LOWS YET I THINK REMEMBER WE TALKED ABOUT THE 60 YEAR CYCLE. YES. WELL THAT THAT TOPPED AT THE APPROPRIATE TIME AND THAT YEAR THE MARKET ENDED UP MAKING TAKING ALL THE GAME BACK AND I THINK THAT'S ESSENTIALLY WHAT WE'RE GOING TO DO HERE IT MAY TAKE UNTIL THE FALL BUT I THINK NOVEMBER BEANS WILL GO UNDER 10.88. NO KIDDING. CORN CORN I THINK IS PROBABLY GOING TO HAVE PRETTY GOOD SUPPORT AROUND THE FOUR DOLLAR AREA AND WE HAVE A USDA REPORT COMING OUT RELATIVELY SOON I THINK IT'S THE 11TH. RIGHT. NOW FOR A SPECULATIVE PLAY MY INTENTION PERSONALLY IS I'M GOING TO GO THROUGH THAT REPORT LONG BECAUSE I THINK THE USDA IS A PRICE MANAGER THEY DON'T' WANT PRICES TO LOW I THINK CORN HAS GOTTEN TO LOW I THINK YOU'LL GET A BULLISH SURPRISE OUT OF THAT REPORT THAT MAY POP IT 15 CENT 30 CENTS I DON'T KNOW HOW BUT YOU KNOW FOR A QUICK TRADE I THINK I'M GOING TO GO HOME THROUGH THAT REPORT LONG OTHER THINGS THAT I'M REALLY INTERESTED IN THE ECONOMIES GETTING BETTER THE STOCK MARKETS FLYING I THINK THE FEDS GOING TO HAVE TO MAKE SOME MOVES HERE THEY SHOULD DO WHAT THEY SAID THEY WERE GOING TO DO AND AND WERE AT THAT POINT NOW SO I THINK INTEREST RATES ARE GOING TO MOVE HIGHER I THINK THE 30 YEAR BOND MARKETS A VERY GOOD SHORT RIGHT NOW I THINK OVER THE NEXT 6 AND 9 MONTHS THAT CAN TEST THE LOWS THAT WE'VE MADE WHICH IS 8,000 DOLLARS A CONTRACT FROM WHERE WE ARE NOW. OH REALLY. I THINK THAT THE EURO CURRENCY ANOTHER THING SHOULD ALSO DECLINE IN PRICE THE US DOLLAR SHOULD GAIN IN RELATIONSHIP TO THE EURO CURRENCY I THINK THE EURO CURRENCY OVER THE NEXT 6 TO 9 MONTHS WILL PROBABLY HAVE A WELL IT'S AROUND IT'S AROUND 1.35 RIGHT NOW I THINK IT'S GOING TO DROP DOWN TO ABOUT 1.20 SO THOSE ARE PRETTY NICE SPECULATIVE TRADES I THINK YOU KNOW THAT I'M INVOLVED IN RIGHT NOW AND I THINK THERE'S LARGER MOVES COMING IN THOSE. YOU SEE ANY BIG BLACK SWANS OUT THERE THAT COULD REALLY KILL IT ALL OR ANYTHING THAT'S GOING TO REALLY NICE TO MAKE IT GO UP. WELL YOU KNOW ON THE GRAINS THE BLACK SWANS ARE ALWAYS GOING TO BE WEATHER YOU KNOW LAST AUGUST BEANS RALLIED 1.10 1.20 IN ABOUT 20 DAYS THAT'S ALWAYS POSSIBLE BUT RIGHT NOW YOU LOOK AT IT THERE'S NOTHING REALLY POSITIVE THAT SHOWING UP THAT'S GOING TO BE LONG LASTING I THINK YOU WANT TO SELL RALLIES ON GRAINS YOU KNOW 20 30 CENT RALLIES IN THE MARKETS WHEN YOU GET THEM I THINK THEY SHOULD BE SOLD. OKAY THANK YOU VERY MUCH MIKE FLOREZ OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.
WX:
WELCOME BACK TO AGDAY. MIKE, HEADING OUT TO WESTERN KANSAS FOR 3-I SHOW TO ROUND OUT THE REST OF THE WEEK. LOOKS LIKE I MIGHT AVOID TRIPE DIGITS. YEAH, LOOKS LIKE MOST OF THAT WILL BE SOUTH OF YOU THIS FRONT IS GOING TO BE SOUTH OF KANSAS MOST OF THE COMING WEEK SO IT WON'T BE QUITE AS BAD AS IT COULD BE FOR YOU THERE, CLINTON. YOU CAN SEE THE COLD FRONT CONTINUES TO PRESS SOUTHWARD INTO THE SOUTHEAST AND UP ADD WN THE EASTERN SEABOARD. THAT WILL BE THE FOCUS OVER THE NEXT 24 HOURS. FOR SOME SHOWERS AND THUNDERSTORMS NOT ONLY IN THE NORTHEAST  ALSO ESPECIALLY IN PARTS OF VIRGINIA, THE CAROLINAS, AND THROUGHOUT THE SOUTHEAST… SO THAT DOES ACTUALLY GIVE SOME CHANCES IN THOSE AREAS THAT HAVE DRIED OUT IN THE MID ATLANTIC TO GET SOME RAIN OUT OF THIS WITH AT LEAST SOME SCATTERED SHOWERS AND THUNDERSTORMS... AND HOPEFULLY, FAIRLY WIDESPREAD IN THOSE AREAS…AND WE'LL SEE THE HIT AND MISS AFTERNOON VARIETY THUNDERSTORMS IN MUCH OF THE CENTRAL AND SOUTHERN ROCKIES. AND AS THE SYSTEM COMES OUT YOU CAN SEE TO THE EAST OF THAT STATIONARY FRONT, PARTS OF KANSAS AND OKLAHOMA GET SOME ADDITIONAL RAIN OVER THE NEXT COUPLE OF DAYS. HIGH PRESSURE GIVING MOST OF THE MIDWEST GREAT LAKES, OHIO VALLEY DRY CONDITIONS FOR TWO OR THREE DAY PERIOD AT LEAST. THERE ARE SOME SLIGHT POTENTIAL FOR A HIT OR MISS SHOWER UNDERNEATH THE HIGH, BUT HIGHLY UNLIKELY IN MY OPINION. OUR MODEL SHOWING A LITTLE BIT OF THAT…YOU CAN SEE TOMORROW AFTERNOON SOME DECENT AMOUNT OF MOISTURE ACTUALLY SHOWING UP IN OUR COMPUTER MODEL IN THE WEST AND ALSO ALONG THIS COLD FRONT IN THE SOUTHEAST. SO, LET'S CHECK THINGS OUT OVER THE PAST 24 HOURS WE'VE SEEN SOME DECENT AMOUNTS. PARTS OF ARKANSAS INTO THE TENNESSEE VALLEY,  AND IN THE EASTERN PORTIONS OF THE GREAT LAKES. ADDING ON THE NEXT 36 HOURS YOU CAN SEE THE MAJORITY IS IN THE SOUTHEAST, MID ATLANTICA AND ALSO CENTRAL AND SOUTHERN ROCKIES ALTHOUGH THAT'S ORE OF A HIT AND MISS TYPE OF THING EACH AFTERNOON. YOU JUST HAVE TO GET LUCKY OR NOT THAT YOUR FIELD GETS A LITTLE MOISTURE. THERE'S THE HIGH TEMPS THIS AFTERNOON YOU CAN SEE THE 90S SHOVED DOWN INTO TEXAS LIKE CLINTON POINTED OUT. 60S AND 70S FOR THE GREAT LAKES. VERY COOL AIR FOR THIS TIME OF THE YEAR. LOW TEMP OUR MODEL IS GOING 47, OTS OF 50S AND LOWS 60S AL THE WAY DOWN TO THE OHIO RIVER VALLEY. TEMPS TOMORROW AFTERNOON STILL IN THE 70S…VERY PLEASANT FOR THE NORTHERN PLAINS INTO THE GREAT LAKES AND THE NORTHEAST…HOT FOR THE FAR SOUTHERN PLAINS…THERE'S THE BIG TROPH THAT'S BRINGING THE CHILLY AIR MASS JUST LIKE WE SHOWED YESTERDAY. THAT LEAVES US A LITTLE BIT OF A RIDGE. TRIES TO COME EAST…THEN LOOK WHAT HAPPENS, AS WE HEAD INTO SUNDAY, MONDAY AND TUESDAY, AN EVEN DEEPER TROPH DIGS IN, SO THIS AIR COULD BE AS COLD OR EVEN A LITTLE BIT COLDER FOR THE UPPER MIDWEST AS WE HEAD INTO THE MIDDLE OF NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LETS TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL FOR IDAHO, PARTLY SUNNY AND HOT, A THUNDERSTORM IN A COUPLE OF SPOTS HIGH OF 83...SPENCER IOWA PARTLY SUNNY AND COMFORTABLE, HIGH OF 78. AND AUGUSTA GEORGIA, PARTLY SUNNY, HOT AN HUMID, THE HIGH TEMPERATURES OF 96.
ITC BACK IN THE SADDLE:
A MISSOURI TEEN HAS PLENTY TO BE THANKFUL FOR AFTER A FREAK HORSE RIDING ACCIDENT. WITH THE HELP OF A UNIVERSITY OF MISSOURI PROGRAM, THE 19-YEAR OLD HORSE TRAINER IS BACK DOING WHAT HE LOVES - WORKING WITH HORSES. IN THIS REPORT PROVIDED BY THE M-U EXTENSION, LATISHA HICKEM HAS MORE ON HOW THE AGRA-BILITY PROGRAM IS HELPING FARMERS AND RANCHERS RETURN TO THE CAB OF THEIR TRACTORS. OR IN THIS CASE - RETURN TO THE SADDLE.
ITC –TAG:
THANKS LATISHA.

RIGHT NOW THERE ARE 22 STATE AND REGIONAL AGRABILTY PROGRAMS. IF YOU KNOW SOMEONE WHO WOULD BENEFIT, CHECK ON THE NATIONAL AGRABILITY WEBSITE. IT'S AGRA-BILITY-DOT-ORG. ...FOOD AND YOUR FAMILY IS NEXT.

HOUSE AD APP FINDER:
MOBILE APPS THAT MATTER TO YOU…THE NEW AGWEB APP FINDER IS YOUR GUIDE TO THE LASTEST APPS AND REVIEWS FOR FARMERS. FIND THE AGWEB APP FINDER AT WWW.AGWEBAPPFINDER.COM.
FRESH FOOD WATER:
 THE INTERNET HAS ALREADY CHANGED THE WAY WE SHOP AND PRICE PRODUCTS. NOW TWO DIGITAL POWERHOUSES WANT TO TRANSFORM THE TRIP TO THE GROCERY STORE FOR FRESH PRODUCE.
CANNED FOOD:
A NEW STUDY PUBLISHED THIS SPRING SAYS CANNED FOODS CAN DELIVER ON NUTRITION JUST AS WELL AS FRESH FRUITS AND VEGETABLES. THE RESEARCH WAS CONDUCTED BY MICHIGAN STATE UNIVERSITY. THAT STATE RANKS SECOND ONLY TO CALIFORNIA IN THE NUMBER OF CROPS PRODUCED BY FARMERS.

THE STUDY COMPARED FRESH AND FROZEN FOODS TO CANNED FOODS, BASED ON NUTRITION AND COST.

IT SAYS CANNED GOODS ARE ON PAR NUTRITIONALLY WITH THEIR COUNTERPARTS. IN SOME CASES, CANNED FOODS ARE EVEN BETTER. THE RESEARCHERS SAY CANNED TOMATOES HAVE MORE LYCOPENE, WHICH HELPS REDUCE CANCER RISK. THE MICHIGAN STATE RESEARCHERS SAY CANNED GOODS ARE OFTEN LESS EXPENSIVE THAN FRESH.

CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND AL PELL. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
RFD PROMO:
CLINTON…WEDNESDAY ON AGDAY, THE EPA IS TAKING TO THE STREETS TO TOUT ITS PROPOSED WATER RULE. WE HAVE A PREVIEW.PLUS, FLOODING MAKES ITS DOWN THE MISSSISSIPPI...AND A YOUNG MISSOURI MAN FINDS HIS WAY BACK TO THE SADDLE THANKS TO A HELPING HAND. JOIN 8 EASTERN FOR AGDAY.
STATION PROMO:
THUSDAY ON AGDAY....TAKING A CLOSER LOOK AT THE RED HOT BEEF MARKET. CERTAINLY A PLEASANT SURPRISE, THAT BEEF DEMAND IS HOLDING UP VERY WELL. PLUS THE WORLD WEATHER SITUATION AND IT’S IMPACT ON CROP PRODUCTION AROUND THE GLOBE. JOIN ME WEEKDAYS FOR AGDAY.
 

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