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AgDay Daily Recap -Aug 29, 2014

August 29, 2014
 
 

 

TODAY ON AGDAY

AUGUST 29, 2014

 

OPEN HEADLINES:

COMING UP TODAY ON AGDAY - -THIS IS GOING TO BE BIG. TAKING A CLOSER LOOK AT THE 2014 PROFARMER MIDWEST CROPTOUR... THERE COULD BE A RECORD BREAKING CROP, BUT ARE ELEVATORS PREPARED? I'M BETSY JIBBEN, WE'LL HAVE MORE AHEAD ON AGDAY. IN AGRIBUSINESS..PUTTING IT ALL TOGETHER... BUT WE DIDN'T HAVE LOW NUMBERS EITHER. CONSISTANTLY 190 TO 230. PLUS, HOW MUCH DOUBLE-EARED CORN IS REALLY SHOWING UP THROUGHOUT THE CORN BELT? AND AN ANALYST FROM OVERSEES EXPERIENCES SCOUTING ON AMERICAN SOILS. I LOVE SPEAKING WITH AMERICAN FARMERS. VERY KIND AND VERY OPEN... AGDAY BROUGHT TO YOU BY THE ALL NEW CHEVY SILVERADO. 2014 NORTH AMERICAN TRUCK OF THE YEAR...

OVERVIEW SCENE SETTER:

CLINTON…GOOD MORNING I'M CLINTON GRIFFITHS. FROM GRAIN TRADERS TO GOVERNMENT ECONOMISTS, THE EXPECTATION IS THAT AMERICAN FARMERS GREW RECORD CORN AND SOYBEAN CROPS THIS YEAR. AND THE PROFARMER MIDWEST CROP TOUR SEEMS TO BACK-UP THOSE CLAIMS. ...AND THAT'S OUR TOP STORY ON AGDAY.

CROP TOUR NUMBERS CORN:

SO WHERE DID THE 2014 MIDWEST CROP TOUR FINISH ON ESTIMATES? FOR CORN THE PROFARMER TEAM ANTICIPATING A NATIONAL YIELD OF 169 BUSHELS TO THE ACRE MAKING A TOTAL CROP OF JUST OVER 14 BILLION BUSHELS. THAT'S JUST SLIGHTLY HIGHER THAN USDA'S EXPECTATIONS.

WRAP UP:

"THE EASTERN BELT WAS HELPING TO PULL THINGS UP. PLUS ERASED BOTTOM END YIELDS IN EASTERN CORN BELT AS WELL. OVER IN WESTERN BELT, IT'S MORE OF A CASE OF PUSHING UP AVERAGE YIELD INSTEAD OF PULLING IT UP WITH THOSE BIG YIELDS,"OHIO HAD VERY STRONG YIELD CALCULATIONS COMING OUT OF THERE. THE CROP WAS IMMATURE. INDIANA THE CROP WAS MORE MATURE AND WE HAD EVEN STRONGER YIELD CALCULATIONS. ILLINOIS WAS PHENOMENAL.. IT WAS ROCK SOLID AND STEAD. IT WAS VERY CONSISTENT. IT'S BY FAR THE MOST MATURE CROP WE'VE SAMPLED. IN IOWA, WE GET HIGHER VARIABILITY HERE."

CROP TOUR MEMBERS BEAN:

CLINTON…MEANWHILE ON SOYBEANS, THE OFFICIAL PREDICTION IS A NATIONWIDE AVERAGE YIELD OF 45 BUSHELS TO THE ACRE. THAT WOULD MEAN A 3 POINT 8 BILLION BUSHEL CROP.
AGAIN JUST SLIGTLY ABOVE USDA'S EXPECTATIONS... OF COURSE ALL OF THESE NUMBERS ARE DEPENDENT ON NORMAL WEATHER THROUGH SEPTEMBER.

DOUBLE EARS:

CLINTON…SOME FARMERS WERE SPOTTING DOUBLED-EAR CORN IN THEIR FIELDS JUST WEEKS AGO. BUT MANY OF THOSE EXTRA EARS WERE SHORT ON KERNELS. CROP AGRONOMIST MARK BERNARD SAYS THE LACK OF MOISTURE HAS IMPACTED SECONDARY EARS. WHILE HE DID FIND SOME SAMPLES DURING THE CROP TOUR, IT WAS FEWER THAN EXPECTED.
HE EXPECTS LITTLE IMPACT ON OVERALL PRODUCTION NUMBERS.

WATER HEMP:

CLINTON…UNFORTUNATELY, ONE THING IN ABUNDANCE DURING THE TOUR WATER HEMP...
SCOUTS SAY THE WEEDS ARE POPPING UP IN FIELDS THROUGHOUT THE CORN BELT, CAUSING A CONCERN TO BOTH FARMERS AND SCOUTS. PATCHES WERE SEEN IN NEBRASKA, SOUTH DAKOTA AND IOWA AS WELL AS PARTS OF THE EASTERN LEG. AGRONOMISTS SAY FARMERS WILL HAVE TO START LOOKING AT DIFFERENT HERBICIDES OR CULTIVATE TO GET THESE WEEDS UNDER CONTROL.

CROP WATCH:

CLINTON…ANOTHER PROBLEM THE SCOUTS DISCOVERED WAS THE INCIDENCE OF SUDDEN DEATH SYDROME IN SOY BEANS, MIKE HOFFMAN HAS THAT ANGLE OF THE STORY, MIKE.

TOUR PEOPLE:

THE CROP TOUR DRAWS PEOPLE FROM DIFFERENT ASPECTS OF AGRICULTURE. THE SCOUTING TROUPE IS MADE-UP OF NOT ONLY FARMERS, BUT GRAIN BUYERS, COMMODITY ANALYSTS AND MORE THAN A FEW AGRIBUSINESS JOURNALISTS.
WALMART BUYER:

FOR THE FIRST TIME WALMART SENT FOUR SENIOR BUYERS ON THE TOUR. THERE WERE TWO ON EACH LEG. THE BUYERS SAY IT'S THEIR JOB TO PURCHASE SOYBEANS, FLOUR, WHEAT AND CORN OIL FOR THE STORE SO IT'S IMPORTANT TO GET ACTUAL "IN THE FIELD" ANALYSIS.

FRENCHY:

ONE ANALYST TRAVELED THOUSANDS OF MILES TO EVEN REACH THE STARTING POINT OF THE TOUR. ANTOINE LEAGRE ANALYZES U-S GRAIN MARKETS IN FRANCE. HE HELPS FRENCH FARMERS MARKET THEIR GRAIN. LEAGRE SAYS HE'S MEASURED YIELDS BEFORE, BUT THIS IS THE FIRST TIME HE'S SEEN SUCH HUGE FIELDS OF CORN AND SOYBEANS.
LEAGRE SAYS FARMING IN FRANCE IS MUCH DIFFERENT THAN HERE.

FLAT CHIP:

CLINTON…IT'S NOT ALL WORK AND CALCULATIONS...THERE'S A LITTLE FUN AS WELL.
THIS YEAR, SAW SEVERAL ON-TOUR ICE BUCKET CHALLENGES. THERE WAS ALSO THE APPEARANCE OF FLAT CHIP.
CLOSE:

CLINTON…THAT'S ALL THE TIME WE HAVE. THANKS FOR JOINING US FOR THIS PROFARMER CROP TOUR SPECIAL. FOR BETSY JIBBEN, OUR PARTNERS AT PROFARMER, AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.

 

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