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AgDay Daily Recap -October 29, 2012

October 29, 2012
 
 

TODAY ON AGDAY
OCTOBER 29, 2012

STORM PREP:

Good morning I’m Clinton Griffiths.
As Hurricane Sandy moves along the coast farmers in the Northeast spent the last few days preparing.

UKRAINE WHEAT BAN:

As we first mentioned a couple of weeks ago, Ukrainian wheat growers were hit hard by drought. Now the country is confirming it plans to stop exports of the grain.

WINTER WHEAT:

Back in the U.S., global concerns are encouraging farmers to get wheat crops established. But this fall has been a struggle. Dry weather has made it possible for plenty of field work but emergence has struggled. As of last week, USDA said 80% of the winter wheat crop had been planted, but less than 50% of it had emerged.  Usually about 60% of the crop is up. Despite these challenges and last week's wheat rally to near $8.60, experts say the odds aren't in favor of record prices.

SUGARBEET HARVEST:

NASS says 73% of the crop is harvested that's about 5 points ahead of the five year average. Michigan has the most left in the field. 27% of the crop has been harvested usually its 29% complete.

CROP WATCH:

As I mentioned sugar beet harvest is slightly behind the five year average in Michigan. But that's not the only harvest underway...and slightly behind in that state. Mike Hoffman has details in this morning's cropwatch.

POULTRY:

Poultry producers haven't been immune this year's drought. According to USDA, poultry production fell 12% in September.That puts production for the year down 7%. Ducks took the largest hit, down 12%. And chickens fell 8, averaging just under 6 pounds per bird.

IOWA FARMLAND:

Meanwhile, Iowa land values don't seem to be affected by the drought. Another record land sale is in the books.

AGRIBUSINESS TODAY:

In agribusiness today, two crop production giants announce plans to team up. Biotechnology firm Novozymes and Syngenta say they're partnering on a new microbial based fungicide. The exclusive marketing and distribution agreement is for Novozymes new product called Taegro. The biofungicide combats damaging fungal diseases on a variety of crops.

BIODIESEL:

And in a couple weeks the latest USDA supply demand report will include more than just grains. The AG department has decided to post breakouts for biodiesel. Biodiesel numbers were discontinued on the Wasde report back in may because the U.S. energy information agency took them over. USDA says the numbers in this month's report will come from EIA data.

ANALYSIS:

Talk about the upcoming elections seem to be on every news outlet around the country. But is it on the radar of commodity traders? Al Pell sits down with Gregg Hunt to find out.
IN THE COUNTRY:

From their backyard to local schools, students, parents and teachers are learning the meaning of home-grown across the bluegrass state. Fresh veggies are being grown at the school and then served up to students during lunch. As University of Kentucky’s Jeff Franklin reports, the cost savings and healthier choices are leaving both administrators and students hungry for more. Thanks, Jeff. He says the farm to school program is currently in 13 counties across the state.

HFCS STUDY:

High fructose corn syrup has stirred up quite the controversy over the years. But is all that talk stopping consumers from buying food that contain it?

RURAL PEDIATRICS:

If you live in a rural community, the nearest hospital could be hours away. That's why the American Academy of Pediatrics says pediatricians are vital in improving rural emergency care. AAP says children in rural communities have unique medical needs. This puts them more at risk of disability and even death from injuries. The group urges pediatricians to help develop strategies in rural communities so when a child in the area is injured or seriously ill, quick action can be taken.

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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