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AgDay Daily Recap -September 12, 2013

September 12, 2013
 
 

TODAY ON AGDAY

SEPTEMBER 12, 2013

 

S & D:

GOOD MORNING I'M CLINTON GRIFFITHS. LATER THIS MORNING, USDA WILL RELEASE TWO KEY REPORTS THAT GRAIN TRADERS WILL BE WATCHING CLOSELY, AS THEY COULD MEAN A BIG SHIFT IN PRICES.

TEXAS CORN HARVEST:

IN TEXAS CORN HARVEST IS RUNNING A BIT AHEAD OF THE AVERAGE PACE. AS OF MONDAY'S CROP PROGRESS REPORT, 60-PERCENT OF THE STATE'S TWO MILLION ACRES OF CORN HAVE BEEN HARVESTED, IN THIS REPORT FROM THE TEXAS FARM BUREAU, WE MEET ONE FARMER WHO SAYS DESPITE THE DROUGHT AND A BAD HAILSTORM, HE'S PLEASANTLY SURPRISED WITH THE OUTCOMES. HERE'S GENE HALL.
CROP WATCH:

THAT TEXAS FARMER IS FORTUNATE, AS THE STATE IS CLOSING IN ON A NEW RECORD STEMMING FROM DROUGHT. MIKE HOFFMAN HAS THE DETAILS

CATTLE BEEF:

DESPITE SMALLER HERD NUMBERS AND LINGERING DROUGHT, IMPORTS OF BEEF FROM OUTSIDE THE U.S. IS ACTUALLY DOWN IN 2013. THIS AFTER MANY ANTICPATED HIGHER IMPORTS TO START THE YEAR.

DEERE IN BRAZIL:

IN AGRIBUSINESS TODAY - DEERE & COMPANY IS BROADENING ITS BASE IN BRAZIL. THE EQUIPMENT MAKER SAYS IT WILL INVEST ABOUT 40 MILLION DOLLARS SO IT CAN MANUFACTURE THE COMPANY'S 8-R TRACTOR IN MONTENEGRO, BRAZIL. DEERE ALREADY HAS A FACTORY THERE, BUT THEY BUILD MOSTLY SMALLER HORSEPOWER TRACTORS.
DEERE SAYS THE EXPANSION WILL ALLOW IT SERVE CUSTOMERS WHO NEED THE HIGH HORSEPOWER IN THAT IMPORTANT MARKET. DEERE PLANS TO HAVE THE EXPANSION COMPLETE BY 2015. HERE IN THE U-S, THE 8-R IS BUILT IN WATERLOO, IOWA.

EQUIPMENT SALES:

THE ASSOCIATION OF EQUIPMENT MANUFACTURER'S MONTHLY "FLASH REPORT" SHOWS THE SALE OF ALL TRACTORS IN THE U.S. FOR AUGUST 2013, WERE UP 13% COMPARED TO THE SAME MONTH LAST YEAR. THEY'RE ALSO UP THAT MUCH FOR THE ENTIRE YEAR. SO FAR IN 2013 SALES OF 2-WHEEL DRIVE 100+ HP TRACTORS ARE UP 25%, WHILE 4-WHEEL DRIVE TRACTORS ARE UP 8%. COMBINE SALES ARE 27% HIGHER THAN THIS POINT LAST YEAR.

ANALYSIS:

OVER THE PAST COUPLE OF YEARS, LARGE INVESTMENT FIRMS OR FUND MANAGERS HAVE POUR MONEY INTO THE COMMODITIES AT CERTAIN TIMES FOR INVESTMENT REASONS.
IN ANALYSIS THIS MORNING, AL PELL DISCUSSES THAT OUTSIDE MONEY AND HOW ITS INFLUENCING MARKETS RIGHT NOW.

DO IT YOURSELF MUSHROOMS:

THEY WERE JUST WEEKS AWAY FROM GRADUATING FROM COLLEGE WHEN TWO BUSINESS MAJORS CAME-UP WITH A PLAN TO HELP PEOPLE GROW THEIR OWN MUSHROOMS. THE IDEA ISN'T MUCH DIFFERENT THAN A CHIA-PET - JUST ADD WATER IN THE PACKAGING AND AWAY YOU GROW. THEIR IDEA TOOK OFF AND NOW "BACK TO THE ROOTS" IS SPRAWLING.
WE HEAR FROM THE FUNGI-FOUNDERS IN THIS REPORT FROM CALIFORNIA BOUNTIFUL T-V.

ARTIFICIAL EGG:

AND IF YOU USE EGGS IN YOUR BAKING, A NEW START UP FOOD COMPANY HOPES TO CONVERT YOU TO THEIR NEW CHICKEN-LESS PRODUCT.

FOOD WASTE:

FARMERS WORK SO HARD TO PRODUCE THE FOOD WE EAT, BUT ACCORDING TO THE U.N. ONE-THIRD OF ALL FOOD PRODUCED IN THE WORLD GETS WASTED.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

CONTACT:
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