Oct 1, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

USFR Weekly Recap - August 10-11, 2013

August 10, 2013

                                                                                                                                                                                          

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2087

AUGUST 10-11, 2013   

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. EVEN THOUGH MANY OF US SAW THIS COMING, THERE IS STILL SOME SADNESS AS AN ICON OF AGRICULTURE: OPEN-OUTCRY TRADING IN THE PITS AT CHICAGO IS DWINDLING. THANKS TO A NEW RULE FOR SETTLEMENT PRICES, THE SHIFT TO ELECTRONIC TRADING HAS ACCELERATED THIS YEAR, AND I EXPECT THE CME TO JOIN MOST OTHER MAJOR TRADING FLOORS TO EVEOLVE INTO RELATIVE QUIET DESK JOCKEYS STARING AT FLICKERING SCREENS AND CLICKING KEYBOARDS. FOR THE MEDIA, THIS IS NOT GOOD VIDEO COMPARED TO WILD GESTURES AND THROAT-KILLING SHOUTS, BUT I SUSPECT YOUNGER FARMERS WILL WONDER WHY WE EVER THOUGHT THAT WAS ANY WAY TO DO BUSINESS. TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN .

HEADLINES:

THANK YOU JOHN, AND HELLO EVERYONE. BARE FIELDS AND GIANT HOLES IN THE MIDDLE OF GREEN ACRES. THAT'S THE VIEW YOU GET WHEN LOOKING AT NORTHEAST IOWA AND SOUTHERN MINNESOTA'S CROP CONDITIONS THIS YEAR FROM ABOVE. MEANWHILE, CORN HARVEST IST JUST A FEW DAYS AWAY FOR SOME FARMERS IN THE SOUTH. IN LOUISIANA, THE LARGE CORN EARS ARE DRYING DOWN AND READY FOR HARVEST. JUST LAST YEAR, LOUISIANA'S BUMPER CROP SET RECORD YIELDS. THIS YEAR, SOME FARMERS THINK THEY CAN BEAT THOSE RECORDS. WHILE TRAVELING IN BRAZIL, AG SECRETARY TOM VILSACK SAID HE MAY CUT-OFF COTTON PAYMENTS TO BRAZIL. VILSACK BLAMES CONGRESS FOR A LACK OF A FARM BILL. EPA IS SIGNALING IT MAY RELAX THE ETHANOL MANDATE IN 2014. THE ADMINSTRATION FEELS INCREASED ETHANOL PRODUCTIONS LEVELS, LAID OUT BY CONGRESS BACK IN 2007, ARE UNREALISTIC TODAY. ADJUSTING THE MANDATE IS ONE OF MANY OPTIONS BEING EXPLORED.

CROP WATCH:

READ MORE
Previous 1 2 3 ... Next

See Comments

RELATED TOPICS: USFR Recap

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions