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AgDay Daily Recap -October 1, 2013

October 1, 2013
 
 

TODAY ON AGDAY

OCTOBER 1, 2013

 

WASDE REPORT:

GOOD MORNING I'M CLINTON GRIFFITHS. CORN AND SOYBEAN FUTURES WERE LOWER MONDAY AFTER THE GOVERNMENT SAID GRAIN INVENTORIES WERE HIGHER.

MISSOURI PICKING:

NATIONAL REPORTER TYNE MORGAN IS IN MISSOURI. TYNE, HOW'S HARVEST PROGRESSING IN THE SHOW-ME STATE? SOME YIELD MONITORS ARE REVEALING PLEASANT SURPRISES. WHILE OTHERS ARE COMING-IN AS EXPECTED. MIKE HOFFMAN IS TRACKING HARVEST IN THIS MORNING'S CROPWATCH. MIKE.

FARM BILL UPDATE:

WHILE THE FOCUS HAS BEEN ON FUNDING THE GOVERNMENT, A NEW FARM BILL HAS TAKEN A BACK SEAT. THE CURRENT FARM BILL EXTENSION EXPIRED OVER NIGHT. THAT WILL IMPACTING SOME CONSERVATION, TRADE AND OTHER PROGRAMS. BUT NOT MAJOR COMMODITY PROGRAMS--THOSE RUN ON A CALENDAR YEAR. MEANWHILE OVER THE WEEKEND, THE HOUSE APPROVED A RULE THAT PUTS THE FARM AND NUTRITION BILLS BACK TOGETHER. THE SENATE IS EXPECTED TO REJECT THE BILL AND THEN ASK FOR CONFERENCE.

PROTECTION ACT EXPIRES:

THE SENATE'S LATEST VERSION OF THE CONTINUING RESOLUTION ALSO ENDS THE FARMERS ASSURANCE PROVISION. THAT LEGISLATIONS, DUBBED THE MONSANTO PROTECTION ACT BY ACTIVISTS, HELPED PROTECT GMO CROPS ALREADY APPROVED AND PLANTED FROM BEING DESTROYED DURING LITIGATION. THOSE AGAINST THE PROVISION SAY IT LETS AG GIANTS AVOID JUDICIAL OVERSIGHT.

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