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USFR Weekly Recap - February 9-10, 2013

February 9, 2013

                                                                                                                                                                                             

THIS WEEK ON U.S. FARM REPORT

EPISODE # 2061

FEBRUARY 9-10, 2013  

 

JOHN’S OPEN:

HELLO AND WELCOME TO U-S FARM REPORT, I'M JOHN PHIPPS. IN A LITTLE-NOTICED HEADLINE LAST WEEK, MILESTONE FOR ENERGY IN THE U-S WAS PASSED WHEN OIL FROM THE NORTH DAKOTA BAKKEN FIELD REACHED EAST COAST REEFINERIES FOR THE FIRST TIME. THE BIGGEST PROBLEM WITH THE GUSHER IN THE HIGH PLAINS HAS BEEN GETTING IT TO CONSUMERS. SINCE LAYING A NEW PIPELINE TAKES A LONG TIME, EVEN WHEN OPPOSTION FROM AFFECTED FARMERS AND OTHERS CAN BE OVERCOME, THE RAILROADS HAVE JUMPED AT THE CHANCE TO HAUL THE OIL. JUST IN TIME TOO, AS NATURAL GAS IS DEVASTATING EASTBOUND COAL SHIPMENTS. FARMERS WILL NEED TO PAY ATTENTION TO HOW THIS RAPID SHIFT IMPACTS THE GROWING GRAIN PRODUCTION IN THE HIGH PLAINS. TIME NOW FOR THE HEADLINES.....HERE'S TYNE MORGAN.

USDA S&D REPORT:

THANK YOU JOHN. THE FEBRUARY SUPPLY-DEMAND REPORT IS TYPICALLY NOT A BIG MARKET MOVER. WE'LL HAVE ANALYSIS IN A MOMENT, BUT FIRST LET'S LOOK AT THE NUMBERS.

ROUNDTABLE:

WE'RE OFF TO KANSAS CITY AS OUR ROUND-TABLE GATHERS AT THE AG CONNECT EXPO.

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