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AgDay Daily Recap - April 11, 2012

April 11, 2012
 
 

TODAY ON AGDAY
APRIL 11, 2012

DOMESTIC STOX:
Good morning I’m Clinton Griffiths. The market seemed to have little interest in the latest supply-demand report. USDA has tightened domestic ending stocks projections for soybeans and wheat, while leaving corn unchanged. It also lowered South American bean production. Here are the numbers. Corn ending stocks were left steady with last month at 801 million bushels with no changes to the balance sheet. Before the report, analysts were expecting a sizable decrease but the supply is still considerably below last year's level. USDA pegged soybean ending stocks at 250 million bushels, down 25 million from a month ago but up 35 million from a year ago. USDA raised the crush and export estimates. USDA pegged soybean ending stocks at 250 million bushels, down 25 million from a month ago but up 35 million from a year ago. USDA raised the crush and export estimates. And wheat ending stocks were set at 793 million bushels, down 32 million on the month and 69 million less than this time last year.

SOUTH AM CROPS:
Meanwhile the South American drought is cutting into some of Brazil and Argentina’s production.
As expected, USDA cut its estimates for brazil and Argentina’s crops. It pegged Brazil's crop at 66 million metric tons, a decrease of two-and-a-half million metric tons from March. Argentina's soy crop came in at 45 million metric tons, down 1.5 million. As far as corn, USDA kept Brazil's crop steady at 62 million metric tons. Argentina's crop was trimmed to 21.5 million metric tons from its March estimate, down 500,000.

MARCH WEATHER:
There's a new weather entry into the record books. The lower 48-states experienced its warmest March, breaking a record set more than a century ago. The average temperature was 51 degrees, nearly nine degrees above the average. This map from NOAA helps illustrate the weather from last month where 15,000 weather records were broken - either as record daytime highs or record nighttime highs. NOAA says every state east of the Rockies experienced a top-ten warmth for the month. Monthly temperatures averaged at least 15 degrees above normal at numerous Midwestern locations, while below-normal readings were mostly confined to the pacific coast states.

RIPPEY ON WEATHER:
Meanwhile, at USDA headquarters, meteorologist Brad Rippey is following the weather patterns.
He says a North Atlantic weather system had been keeping jet-streams at bay during March. It kept the normally cold temps out of the U.S. Meanwhile, as we're seeing across the Midwest this week cold snaps are still possible. Fruit crops and orchards in the great lakes region are particularly vulnerable. Many of the apple and peach crops are three-to-four weeks ahead of pace.

I80 PLANTING TOUR NEBRASKA:
That warm weather helped U.S. corn growers get a big head start on planting this year’s crop. USDA says 7% is now planted. The five year average is 2%. Over the next six weeks, we'll take a close look at spring planting across the nation's corn-belt. Our trip will take us over five key states -from Ohio to Nebraska along the interstate 80 corridor. National reporter Tyne Morgan begins our tour in northeast Nebraska.

ANALYSIS:
Jim Hemminger

IN THE COUNTRY; HEALTH ROCKS:
Kids are our future. And it's important to help them grow up to be happy healthy adults. In Tennessee a 4-H program called "Health Rocks" emphasizes resisting peer pressure and avoiding harmful habits like using alcohol, tobacco and illegal drugs. Chuck Denney of UT's Institute of Agriculture reports. Thanks Chuck. Health Rocks has been part of Tennessee 4-H since the 1990's. Food and Your Family is next.

DISAPPEARING LUNCH BREAK:
The lunch break has long been the staple of jobs everywhere. 30 minutes to an hour to rest and refuel. But a new study says more Americans are skipping the break or working through it. The study done by HR Consulting Firm, Right Management found only a third of American workers say they take a lunch break. And 65% of them eat at their desks or don't take a break at all. Even restaurants are noticing. Many owners say the lunch crowds are smaller and those that do come in are in a bigger hurry. Budgets are also tighter in this tough economy. Experts say an uninterrupted meal break is healthy, increases job efficiency and boosts creativity.

WHOLE GRAINS:
Whole grain foods are on the rise and there's no sign of that growth stopping anytime soon. The global market for both whole grain and high fiber foods is projected to reach more than 27 billion dollars by 2017. Worldwide, global industry analysts project Asia-Pacific will be the fastest growing region. The whole grain council says as of last month, the stamp that shows consumers the product contains whole grains is now on 6,600 products in 35 countries.

CONTACT:
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