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AgDay Daily Recap -January 6, 2014

January 6, 2014
 
 

TODAY ON AGDAY

JANUARY 6, 2014

 

COLD WEATHER:

GOOD MORNING I'M CLINTON GRIFFITHS. GRAB A BLANKET AND STOKE THE FIRE, THE U.S. IS IN THE MIDST OF ITS COLDEST TEMPERTURES IN SOME 20 YEARS.

WINTER WHEAT:

WHEAT PRICES RALLIED FRIDAY IN PART DUE TO THE EXTREME COLD. DESPITE BEING IN DORMANCY, BELOW ZERO TEMPERATURE CAN SEVERELY DAMAGE THE CROP--ESPECIALLY WHERE THERE'S NO SNOWCOVER. AGRONOMISTS SAY DAMAGED WHEAT WILL FAIL TO GREEN UP IN THE SPRING, SOME MAY EVEN BEGIN TO GROW BUT DIE LATER FROM VASCULAR DAMAGE DUE TO COLD.

CROP WATCH:

THIS COLD WEATHER EXPANDS ACORSS MULTIPLE COUNTRIES. MIKE HOFFMAN GOES INTERNATIONAL IN TODAY'S CROPWATCH.

HIGH CASH RENTS:

WHILE ONE FARMER THERE IS HOLDING OUT HOPE FOR LOWER CASH RENTS--ECONOMISTS IN MIDDLE AMERICA SAY THEY EXPECT RENTS TO REMAIN HIGH IN 2014.

CRP ACRES:

NEW ESTIMATES OUT REGARDING THE CONSERVATION RESERVE PROGRAM SHOW ROUGHLY ONE POINT 6 MILLION ACRES OF GRASSLAND WERE PULLED OUT IN 2013. THE DECLINE IS ATTRIBUTED TO CUTS IN THE CONSERVATION PROGRAM BUDGET. THAT NUMBER DOESN'T INCLUDE OTHER NATIVE PASTURES CONVERTED TO CROPLAND OUTSIDE OF THE CRP ACRES.

RFS COMMENTS:

THE E-P-A SAYS IT'S ALREADY RECEIVED NEARLY 11-THOUSAND COMMENTS ON IT'S PROPOSAL TO THE REDUCE ETHANOL REQUIREMENTS IN THE RENEWABLE FUELS STANDARD. ETHANOL SUPPORTERS SAY THEY'RE RALLYING THE TROOPS. THE COMMENT PERIOD RUNS THROUGH THE 28TH OF THIS MONTH.

ENLIST APPROVAL:

A CHEMISTRY THAT WILL ALLOW FARMERS TO USE 2-4-D IN ADDITION TO GLYPHOSATE TO COMBAT WEEDS IS NOW ONE STEP CLOSER TO COMMERCIAL USE.

BRAZIL COTTON PAYMENTS:

AS FARMERS IN THE U.S. WAIT ON WASHINGTON TO FINISH A FARM BILL, THE BRAZILIAN GOVERNMENT SAYS ITS DOING THE SAME THING. LEADERSHIP THERE ANNOUNCING PLANS TO HOLD OFF ON TRADE RETALIATIONS IN RESPONSE TO THE STOPPAGE OF PAYMENTS BY THE U.S. THE MONTHLY 12 AND A QUARTER MILLION DOLLAR PAYMENTS CENTERED AROUND LONG DISPUTED COTTON SUBSIDIES. LAST FALL THE U.S. SAID WITH THE EXPIRATION OF THE FARM BILL IT COULDN'T CONTINUE SENDING THE MONEY. BRAZIL SAYS ITS PLANNING TO GIVE CONGRESS MORE TIME TO FINISH A NEW FARM BEFORE TAKING RETALITORY STEPS.

MACHINERY PETE:

CONTINUING OUR COTTON THEME, TODAY MACHINERY PETE, GREG PETERSON, CHANGES THINGS UP A BIT.  HE'S TALKING ABOUT THE SHIFT HE'S SEEING IN THE USED COTTON EQUIPMENT MARKET.

INFORMA FORECAST:

IN AGRIBUSINESS, LOOKING AHEAD TO THIS FRIDAY'S USDA CROP PRODUCTION REPORT, ONE FIRM IS ANTICIPATING EVEN LARGER FINAL PRODUCTION NUMBRS.

ANALYSIS:

AL PELL JOINS US NOW TO DISCUSS HOW GROWERS SHOULD PREPARE HEADING INTO THE REPORT NEXT WEEK.

STRATEGIC FUTURE:

AS WE BEGIN 2014, LEADERS IN TENNESSEE AGRICULTURE HAVE THE FUTURE ON THEIR MIND. CHUCK DENNEY TELLS US WHY EDUCATION WILL PLAY A KEY ROLE IN IMPROVING THE WAY PEOPLE VIEW AGRICULTURE BY THE YEAR 2024.

GMO CHEERIOS:

IN FOOD AND YOUR FAMILY, GENERAL MILLS SAYS ITS STAPLE CEREAL--CHEERIOS--ARE NOW GMO FREE. MEANWHILE, CORNELL UNIVERSITY RELEASED A STATEMENT SHORTLY AFTER THE ANNOUNCEMENT, SAYING THIERE IS NO DIFFERENCE IN THE MAKEUP OF NON-GMO CHEERIOS VERSUS THE GMO KIND. PLANT BREEDING PROFESSOR MARGARET SMITH SAYS GENERAL MILLS' DECISION MIGHT PLEASE GMO-SHY CONSUMERS, BUT THAT'S ABOUT IT. SHE SAYS CORN STARCH AND SUGAR ARE HIGHLY REFINED PRODUCTS, SO THEY DON'T CONTAIN ANY DNA OR PROTEIN OF GENETICALLY ENGINEERED ORGANISMS. THIS MEANS THE NEW VERSION OF CHEERIOS WILL BE BOTH NUTRIONALLY AND CHEMICALLY IDENTICAL TO THE PREVIOUS VERSION.

SCHOOL LUNCH:

AND REMEMBER ALL OF THAT RUCKUS AROUND THE NEW SCHOOL LUNCH MENU AND KIDS SAYING THEY WERE GOING HUNGRY. WELL LAST DECEMBER THE USDA ENACTED TEMPORARY CHANGES GIVING SCHOOLS MORE FLEXIBILITY IN HOW THEY SERVED WHOLE GRAINS AND MEATS. USDA NOW SAYS IT WILL MAKE THOSE TEMPORARY CHANGES PERMANENT. THE DEPARTMENT SAYS SCHOOLS CAN SERVE LARGER PORTIONS OF PROTEIN AND WHOLE GRAINS.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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