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AgDay Daily Recap -April 2, 2013

April 2, 2013
 
 

TODAY ON AGDAY

APRIL 2, 2013

 

CORN PRICES:

GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. CORN PRICES PLUMMET FOR THE SECOND CONSECUTIVE TRADING DAY AS THE MARKET IS STILL TRYING TO COPE WITH USDA'S LATEST QUARTERLY GRAIN STOCKS REPORT.

CROP PROGRESS:

MEANWHILE, THE LATEST USDA REPORT SHOWS IT'S ONLY THE SECOND DAY OF APRIL AND ALREADY, PLANTING IS BEHIND.

MISSOURI PLANTING CONDITIONS:

IN NORTHWEST MISSOURI, THE BEGINNING OF APRIL IS USUALLY GO-TIME FOR PLANTING.
LAST YEAR AT THIS TIME, PLANTERS WERE ROLLING IN THE FIELD. THIS YEAR, TRACTORS ARE STILL PARKED.  I TALKED TO A MISSOURI FARMER ON FRIDAY WHO HAS GROWING CONCERNS AS EACH CALENDAR DAY PASSES BY.

CROP WATCH:

AS THE CROP PROGRESS REPORT SHOWS, SPRING CONDITIONS JUST ARE NOT SUPPORTIVE OF THE IDEA TO GET VERY FAR WITH PLANTING. MIKE HOFFMAN HAS THIS MORNING'S CROPWATCH, MIKE.

WORLD DAIRY:

WITH USDA IMPLEMENTING ITS NEW ANIMAL DISEASE TRACEABILITY PROCEDURES, THE WORLD DAIRY EXPO IS ALSO MAKING CHANGES TO ITS DAIRY CATTLE HEALTH CHECK-IN PROCESS.

CAMEL MILK:

THE U-S DAIRY INDUSTRY MAY HAVE A NEW COMPETITOR FOR EUROPEAN MARKETS - CAMELS!

CME HOURS:

FOLLOWING A TWO WEEK REVIEW, THE COMMODITY FUTURES TRADING COMMISSION SEEMS TO HAVE NO PROBLEM WITH A SHORTER TRADING DAY AT THE CHICAGO BOARD OF TRADE.
THE C-M-E GROUP - WHICH OWNS THE CBOT - ASKED AND RECEIVED CLEARANCE FROM GOVERNMENT REGULATORS TO REDUCE THE HOURS. C-M-E SAYS IT WILL CUT FUTURES AND OPTIONS TRADING FOR THE MAJOR GRAINS TO 17-AND-A-HALF HOURS PER SESSION. IT HAD BEEN 21 HOURS. THE CHANGE OCCURS NEXT MONDAY.

BEE KEEPER LAWSUIT:

ENVIRONMENTAL GROUPS AND FOUR BEEKEEPERS HAVE FILED A LAWSUIT AGAINST THE U-S ENVIRONMENTAL PROTECTION AGENCY, OR E-P-A, IN CALIFORNIA. THE LAWSUIT CLAIMS THE EPA VIOLATED U-S LAWS BY APPROVING TWO PESTICIDE COMPOUNDS USED FOR SEED TREATMENTS. THEY CLAIM EPA APPROVED THE SEED TREATMENTS DESPITE ADVERSE EFFECTS TO BEES AND OTHER POLLINATORS. THE CENTER FOR FOOD SAFETY, BEYOND PESTICIDES AND THE SIERRA CLUB ARE A FEW GROUPS BEHIND THE LAWSUIT.

ANALYSIS:

DAMAGING STORMS BROUGHT CHANCES OF HAIL TO PARTS OF OKLAHOMA AND TEXAS THIS WEEK. THIS IS THREATENING AN ALREADY SUFFERING WHEAT CROP. IN TODAY'S ANALYSIS, AL PELL TALKS TO BRIAN BASTING OF ADVANCED TRADING TO SEE HOW ESSENTIAL THE WHEAT CROP COULD BECOME THIS YEAR.

FOOD SAFETY FRESHNESS:

IT SEEMS LIKE A NEVER ENDING BATTLE - FRUIT AND VEGETABLE GROWERS ARE CONSTANTLY BATTLING WEATHER, PESTS OR FOOD RECALLS THAT AFFECT THEIR INDUSTRY. IN THIS REPORT PROVIDED BY THE ARKANSAS FARM BUREAU, KEN MOORE SHOWS US HOW GROWERS IN THEIR STATE GO TO GREAT LENGTHS TO ENSURE THEIR PRODUCE IS SAFE.

CITRUS OUTLOOK:

IN FOOD AND YOUR FAMILY, THE OUTLOOK ON CITURS PRODUCTION HAS BEEN DAMPENED BY THIS YEAR'S WEATHER AND DISEASE. THIS COULD ALSO IMPACT YOUR MORNING O-J.

OLIVE OIL PURITY:

AND IN A RECENT EPISODE OF THE DR. OZ TELEVISION PROGRAM, A RECOMMENDATION GAVE VIEWERS FALSE INFORMATION ABOUT HOW TO TEST OLIVE OIL PURITY. THE SHOW SAID TO PUT EXTRA VIRIGIN OLIVE OIL IN THE REFIGERATOR. IF IT BECOMES SOLID, YOU KNOW IT'S PURE SINCE THE SHOW CLAIMS COLD AIR CAUSES PURE OILS TO SOLIDIFY. THE OLIVE CENTER AT THE UNIVERSITY OF CALIFORNIA, DAVIS SAYS THE INFORMATION IS FALSE AND IT DOESN'T WORK. THE EXPERTS AT UC-DAVIS SAY A FRIDGE TEST IS UNRELIABLE.  THEY SAY A SIMPLE CHECK OF LABELS FOR THE CERTIFICATION SEAL IS THE RIGHT WAY TO FIND OUT HOW PURE YOUR OLIVE OIL IS.

 

 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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