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AgDay Daily Recap -April 1, 2013

April 1, 2013
 
 

TODAY ON AGDAY

APRIL 1, 2013

 

MARKETS:

GOOD MORNING I'M CLINTON GRIFFITHS. I HOPE YOU HAD A NICE EASTER WEEKEND. THE GRAIN MARKETS WERE CLOSED FOR "GOOD FRIDAY", SO WE'LL SEE TODAY HOW TRADERS RESPOND TO A MARKET-SHAKING REPORT.

GRAIN:

FIRST - LET'S RECAP SOME NUMBERS. USDA SAYS THERE ARE FIVE-POINT-FOUR BILLION BUSHELS OF CORN IN STORAGE. THAT'S A 10% DROP FROM THE SAME REPORT LAST MARCH, BUT IT WAS STILL 400-MILLION BUSHELS HIGHER THAN PRE-MARKET EXPECTATIONS. SOYBEAN BUSHELS COME IN AT ONE BILLION, DOWN 27% FROM A YEAR AGO. AND THE ALL-WHEAT TALLY COMES IN AT ONE-POINT TWO BILLION.

PLANTING INTENTIONS:

AS FAR AS THE OTHER BIG REPORT - PROSPECTIVE PLANTINGS - THE AG DEPARTMENT EXPECTS JUST OVER 97 MILLION ACRES OF CORN, SLIGHTLY AHEAD OF LAST YEAR. SOYBEAN PLANTING HITS 77 MILLION, DOWN A BIT FROM LAST YEAR. AND ALL WHEAT ACRES ARE MEASURED AT JUST OVER 56 MILLION ACRES.

IOWA FARMER:

NATIONAL REPORTER TYNE MORGAN HAS BEEN TRAVELING EASTERN NEBRASKA AND WESTERN IOWA CHECKING ON PRE-PLANTING CONDITIONS.
SORGHUM ACRES:

IN DROUGHT AREAS OF THE WESTERN CORN BELT, SOUTH DAKOTA, NEBRASKA AND KANSAS SOME PRODUCERS ARE SWITCHING OUT OF CORN AND BEANS--OPTING FOR A MORE HEARTY CROP OF SORGHUM. ACRES ARE EXPECTED TO MORE THAN 20% HIGHER THAN LAST YEAR.

CROP WATCH:

IT APPEARS CALIFORNIA FARMERS WHO RELY ON THE STATE WATER SUPPLY - AND MOST DO - IT'S GOING TO BE A BIT SHORT THIS YEAR. MIKE HOFFMAN HAS DETAILS IN CROPWATCH.

IMMIGRATION:

MOMENTUM ON AN IMMIGRATION REFORM BILL IS GATHERING STEAM. THE BI-PARTISAN GANG OF 8 SPENT TIME ON THE ARIZONA MEXICO BORDER...TOURING AND ASKING QUESTIONS. ACCORDING TO REUTERS, THE GROUP IS ON TRACK TO DELIVER A BILL WHEN CONGRESS RESUMES NEXT MONTH. IF IT PASSES, THIS WOULD BE THE BIGGEST OVERHAUL OF IMMIGRATION SINCE 1986.

CLEANER GAS:

THE ENVIROMENTAL PROTECTION AGENCY UNVEILED A PROPOSAL FRIDAY TO CLEAN UP GASOLINE AND AUTOMOBILE EMISSIONS.

ANALYSIS:

GRAIN MARKETS SHOT LOWER THRUSDAY FOLLOWING USDA'S LATEST REPORTS. WHILE LIVESTOCK, AND CATTLE IN PARTICULAR, JUMPED HIGHER. SO WHERE DO WE GO FROM HERE? FARM DIRECTOR AL PELL ASKS THAT QUESTION IN THIS MORNING'S ANALYSIS.

TEXAS RUBY RED:

OUT OF ALL THE CROPS GROWN IN THE RIO GRANDE VALLEY, NONE ARE MORE ICONIC THAN THE TEXAS RED GRAPEFRUIT.  DESPITE MANY CHALLENGES THIS YEAR, THE CROP IS LOOKING GOOD. JESSICA DOMEL WITH THE TEXAS FARM BUREAU CHECKS IN WITH A CITRUS GROWER FOR A LOOK AT HARVEST. I REMEMBER GROWING UP OUR LOCAL FFA CHAPTER USED TO SELL RUBY RED GRAPEFRUIT AS A FUND RAISER. ALWAYS AN ENJOYABLE PROJECT.

FOOD DNA TEST:
WITH ALL OF THE QUESTIONS IN EUROPE AROUND HORSE MEAT ENDING UP IN PACKAGED FOODS THERE, DNA TESTING INGREDIANTS IS GAINING A LOT OF ATTENTION.

SNACK TRENDS:

AND THERE'S NO DOUBT MOST OF US GRAB A SNACK OR TWO DURING THE DAY.

 

 
 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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