AgDay Daily Recap - Aug. 4, 2016

August 4, 2016 02:57 AM
 

TODAY ON AGDAY
AUG. 4, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -A MAJOR POLITICAL SHAKEUP IN KANSAS... I WANT TO WORK WITH PEOPLE. IT'S A KEY RACE THAT NOW HAS MANY IN AGRICULTURE CHEERING. IS NOW THE TIME TO BOOK YOUR FALL FERTIZER NEEDS? "FERTILIZER PRICES ARE ON THE MOVE AND THAT'S GOOD NEWS FOR FARMERS." IN AGRIBUSINESS, HOW MUCH RISK IS IN THE MARKET HEADING INTO FALL? WE USUALLY PUT A BOTTOM IN ON THE SOYBEANS THE FIRST WEEK OF OCTOBER. AND WHEN YOU THINK OF WATER SKIIING, YOU PROBABLY DON'T THINK OF DOING SO ON A FARM. WE'LL HEAD TO WISCONSIN WHERE ONE FARMER IS COMBINING HIS TWO LOVES FOR ONE GRAND EVENT.
CLIMATE CHANGE ISSUE ON PRESIDENTIAL CAMPAIGN:
GOOD MORNING I'M TYNE MORGAN. WE'LL CHECK IN WITH CLINTON GRIFFITHS LATER. THE EPA OFFICIALS SAY THEY NOW HAVE MORE PROOF THAT CLIMATE CHANGE IS A REAL ISSUE....AND THAT ISSUE MAY BE DEBATED ON THE CAMPAIGN TRAIL. EPA RELEASING ITS ANNUAL REPORT ON CLIMATE CHANGE THIS WEEK, WHICH THEY SAY SHOWS COMPELLING AND CLEAR EVIDENCE OF LONG-TERM CHANGES TO THE CLIMATE. THE REPORT CALLED CLIMATE CHANGE INDICATORS IN THE UNITED STATES COULD SUPPORT FUTURE POLICY CHANGES. THE REPORT SENDS MIXED SIGNALS. IT SAYS GREENHOUSE GAS EMISSIONS IN THE U-S CAUSED BY HUMANS HAS INCREASED SEVEN PERCENT FROM 1990 TO 2014. BUT TOTAL GREENHOUSE GAS EMISSIONS HAVE DECREASED SEVEN PERCENT. IT SAYS AVERAGE TEMPERATURES IN THE U-S HAVE RISEN SINCE 1901. AND EIGHT OF THE TOP TEN WARMEST YEARS OCCURRED SINCE 1998. CLIMATE CHANGE HAS BEEN A KEY ISSUE OF THE PRESIDENTIAL CAMPAIGN. HILLARY CLINTON HAS PUSHED IT AS PART OF HER FOREIGN POLICY, WHEREAS DONALD TRUMP IS STRONGLY AGAINST ANY TYPE OF CLIMATE CHANGE POLICY.
MARSHALL WINS PRIMARY IN KANSAS, AG COMMUNITY CELEBRATES:
 A MAJOR POLITICAL SHAKE-UP IN WHEAT COUNTRY. AND THERE ARE MANY IN THE KANSAS FARMING COMMUNITY CELEBRATING. REPUBLICAN CHALLENGER ROGER MARSHALL DEFEATED INCUMBENT TIM HUELSKAMP TUESDAY IN THE KANSAS STATE PRIMARY. MARSHALL WON WITH 58-PERCENT OF THE VOTE. YOU MAY REMEMBER, HUELSKAMP WAS KICKED OFF THE REPUBLICAN CONTROLLED HOUSE AGRICULTURE COMMITTEE. MARSHALL USED THAT AS A CAMPAIGN TOOL, CLAIMING HUELSKAMP WAS TOO BUSY CLASHING WITH THE HOUSE GOP LEADERS, INSTEAD OF GETTING THINGS DONE. USUALLY, A CONGRESSIONAL RACE MAY NOT GET MUCH NATIONAL ATTENTION.
MARSHAL AIMS TO ADVOCATE FOR KANSAS AG COMMUNITY:
DUE TO ITS SIZE, ITS CONGRESSMAN OFTEN HAS THE CLOUT OF A STATEWIDE POLITICAL FIGURE, WITH A VERY GOOD CHANCE OF WINNING STATEWIDE OFFICE IN THE FUTURE. SANDY KOZEL FROM THE ASSOCIATED PRESS HAS DETAILS ON THE BIG SHAKEUP IN WHEAT COUNTRY. THE TABLES TURNED ON A TEA PARTY-BACKED REPUBLICAN IN A CONGRESSIONAL PRIMARY IN KANSAS. CONGRESSMAN TIM HUELSKAMP LOST HIS BID FOR A FOURTH TERM IN THE U-S HOUSE. HUELSKAMP IS KNOWN AS A FREQUENT ANNOYANCE TO THE REPUBLICAN LEADERSHIP ON CAPITOL HILL. THE WINNER, ROGER MARSHALL, ARGUED THAT HUELSKAMP GOT HIMSELF KICKED OFF THE HOUSE AGRICULTURAL COMMITTEE, WHICH IS A VERY BIG DEAL IN THEIR WESTERN KANSAS DISTRICT. SANDY KOZEL, THE ASSOCIATED PRESS. BEFORE HUELSKAMP, CURRENT-SENATOR JERRY MORAN, PAT ROBERTS AND BOB DOLE HELD THAT POST.
RENEWABLE FUELS GETS A WIN TOO:
THE RENEWABLE FUELS ASSOCIATION ALSO CALLING IT A WIN. RENEWABLE FUELS ASSOCIATION PRESIDENT AND C-E-O BOB DINNEEN CONGRATULATING MARSHALL ON WINNER, CALLING IT A WIN FOR THE RENEWABLE FUELS STANDARD.
LOW FERTILIZER PRICES MAY HELP GRAIN:
 WHILE GRAIN PRICES HAVE STUMBLED, LOWER FERTILIZER PRICES MAY BE EASING SOME OF THE PAIN. THAT'S THE BOTTOM LINE OF A NEW "AG BAROMETER" FROM PURDUE UNIVERSITY. AS WE FIRST REPORTED WEDNESDAY, PURDUE'S AG BAROMETER -WHICH GAUGES FARMER'S CONFIDENCE IN THE ECONOMY -SHOWS IN THE SHORT-TERM THAT PRODUCERS ARE NOT CONFIDENT. BUT WHEN YOU LOOK AT THE LONG-TERM -WHICH EXTENDS OVER A YEAR FARMERS SEEM MORE OPTIMISTIC. PURDUE ECONOMISTS SAY THE IMPROVING VIEW WAS BUOYED BY DECLINES IN FERTILIZER PRICES AND CASH RENTS DURING 2016.
CROP COMMENTS:
LET'S SEE HOW FIELD CONDITIONS ARE SHAPING-UP THIS MORNING. CINDI CLAWSON HAS A FEW LOCATIONS IN TODAY'S CROP COMMENTS. GOOD MORNING CINDI. GOOD MORNING TYNE. A REGULAR CONTRIBUTOR TO AGWEB'S CROP COMMENTS PAGE IS A FARMER FROM COLES COUNTY, ILLINOIS. THE PRODUCER SAYS THE CORN EARS ON HIGH GROUND ARE DRYING UP AND SMALL. CORN IS FIRING UP AND ROLLING UP. AND SOYBEANS ARE NOT FILLING PODS. AND SOME ARE ABORTING. NOW TO NORTHWEST ALABAMA, A CROP REPORTER IN MARION COUNTY SAYS CROPS ARE LOOKING MUCH BETTER. RECENT RAIN IS HELPING THE SOYBEAN CROP. AND SOME HAY FIELDS MIGHT GET ANOTHER CUTTING. COMING UP IN JUST A FEW MINUTES WE'RE GOING TO TAKE A LOOK AT YOUR NATIONAL FORECAST BUT NOW HERE ARE SOME HOMETOWN TEMPS
TEASE:
NEXT IN AGRIBUSINESS...CLINTON GRIFFITHS AND DON ROOSE LOOK AT CURRENT GRAIN PRICES AND DISCUSS THE RISK OF FURTHER DECLINES. IN DROVERS T-V WHAT IMPLICATIONS COULD ACCESS TO BRAZIL HAVE FOR U-S MEAT PRODUCERS. AND SEE HOW A WISCONSIN FAMILY DECIDED TO MIX TWO OF THE FAVORITE LOVES -FARMING AND SKIING. IN THE COUNTRY LATER ON AGDAY.

UNION DOCK WORKERS MAY NEGOTIATE DEAL:

THE UNION REPRESENTING DOCK WORKERS ALONG THE WEST COAST ARE DISCUSSING WHETHER TO GET AN EARLY START ON NEGOTIATIONS ON A NEW DEAL. THIS IS THE SAME UNION THAT WENT ON A FOUR MONTH STRIKE IN 2015 WHICH PUT A SEVERE CRIMP ON AG EXPORTS, SHUTTING OFF A MAJOR LIFELINE TO CHINA THE LONGSHORE AND WAREHOUSE UNION WILL MEET NEXT WEEK TO DISCUSS WHETHER TO BEGIN TALKS NOW ON AN EXTENSION OF ITS CONTRACT WITH THE SHIPPING COMPANIES. THE CURRENT FIVE YEAR CONTRACT WAS SIGNED IN EARLY 2015. THE UNION REPRESENTS 20-THOUSAND WORKERS AT 29 WEST COAST PORTS. ACCORDING TO THE U-S MEAT EXPORT FEDERATION, 80-PERCENT OF RED-MEAT EXPORTS GOES OUT THE WEST COAST.
AGRIBUSINESS:
IN AGRIBUSINESS, IT WAS A GREEN DAY FOR THE GRAINS, A MIXED DAY FOR LIVESTOCK. LET'S FIND OUT WHY FROM THE CME FLOOR. SO OVERALL YOU KNOW I THINK WE'RE IN VERY VERY TENSE CONDITIONS BECAUSE THERE'S A LOT OF FEAR OUT THERE. BUT OVERALL THE COMMERCIALS ARE STARTING TO BUY, THEY'RE STILL SELLING BEANS AND THE BIGGER PICTURE SIMPLY THAT I THINK WE'VE REACHED LEVELS THAT WE TALK ABOUT WHEN HIGH PRICES CURE HIGH PRICES AND LOW PRICES CURE LOW PRICES I THINK WE'RE AT THE LOW PRICES CURE LOW PRICES I THINK YOU MAY NEED TO END UP STORING...YOU MIGHT NEED STORE AGAIN THIS YEAR. BUT AGAIN WE'LL GET ANOTHER OPPORTUNITY BEFORE IT'S TIME TO BE ABLE TO EXIT AND MAKE MONEY VERSUS JUST TRYING TO DUMP. AND I THINK THAT'S THE MORE IMPORTANT THING. THIS IS WHY THE MARKETING PLAN IS SO IMPORTANT WHEN YOU'RE DOING AND THE HEDGING PLAN. HERE AT THE AGRIBUSINESS DESK WE HAVE DON ROSE U S COMMODITIES DON LET'S TALK ABOUT REALLY WHERE WE'RE SITTING RIGHT NOW IN THE GRAND SCHEME OF MARKETS YOU KNOW GIVE US KIND OF A FRAME A WINDOW FOR US SO TO SPEAK ON A WHAT WE REALLY NEED TO BE FOCUSED ON WELL YOU KNOW I THINK WHEN YOU LOOK AT THE CORN REALLY IN THIS NEW MODERN AREA PROBABLY BASES ON THE FUTURES YOU'RE PROBABLY IN A HUGE RANGE FOR THE YEAR OF A THREE DOLLARS TO A FOUR FIFTY RANGE ON THE SOYBEANS YOU'RE PROBABLY REALISTICALLY IN A RANGE OF SOME WHERE TO A EIGHT TO A TEN FIFTY TO AN ELEVEN FIFTY AND ON THE WHEAT MARKET YOU'RE PROBABLY IN A RANGE SOME WHERE FOUR TO SIX SIX FIFTY A BUSHEL AND I THINK SO OFTEN WHAT WE DO IN THESE MARKETS WE IT'S ALL ABOUT WEATHER THE OTHER NUMBERS ARE JUST THE STATISTICAL NUMBERS AND KEEP MOVING AROUND IT'S A DEMAND MARKET BUT GOING INTO THE SPRING TYPICALLY WE HAVE A SEASONAL RALLY A WEATHER PREMIUM IS PUT IN MUCH LIKE WE DID THE LAST TWO YEARS AND CORN THE MIDDLE OF JUNE IS USUALLY THE PEAK PREMIUM
NATIONAL WEATHER:
WELCOME BACK HERE NOW IS CINDY CLAWSON, CINDI. IT'LL BE INTERESTING TODAY TO SEE HOW THE DROUGHT MONITOR CHANGES FROM ALL THE RECENT RAINS THAT WE'VE SEEN WHAT'S IN STORE FOR TODAY WELL SOME FOLKS THAT ARE SAYING PLEASE PLEASE GIVE ME SOME RAIN AT MAYBE A LITTLE DISAPPOINTEDCAUSE A LOT OF THINK WELL WHAT WE SEE ON THE MAP MIGHT BE A LITTLE HIT AND MISS DESPITE THE FACT THAT MIGHT HAVE A BIG COLD FRONT COMING THROUGH SO LET'S TAKE A LOOK WE HAVE TWO MAIN FRONTAL BOUNDARIES THAT WILL BE AFFECTING THE COUNTRY AS WE HAD OVER THE NEXT TWENTY FOUR HOURS WE HAVE A STATIONARY FRONT THAT'S GONNA BRING MORE SCATTERED SHOWERS AND THUNDERSTORMS TO THE SOUTHEAST BUT WE DO HAVE A COLD FRONT THAT COULD BE MOVING THROUGH THE UPPER MIDWEST AND INTO THE CORN THAT NOW UNFORTUNATELY IT DOESN'T PACK A LOT OF MOISTURE WITH IT A LITTLE AT A WIDESPREAD MOISTURE WHERE YOU DO GET A SHOWER THUNDERSTORM YOU MIGHT GET SOME DECENT RAIN BUT KINDA LIKE THE LAST COUPLE OF WEEKS IN SOME SPOTS COULD BE FAIRLY HIT AND MISS LET'S PUT THIS INTO MOTION YOU'LL SEE THAT MOVEMENT ON THAT LOW PRESSURE SYSTEM INTO THE WESTERN PART OF THE GREAT LAKES NOTICEAGAIN NOT A TON OF MOISTURE ALONG IT LOOKS LIKE IT'S GOING TO BE SOMEWHAT HIT AND MISS
REGIONAL WEATHER:
THAT'S A LOOK AT YOUR NATIONAL FORECAST NOW LET'S CHECK ON THE WEATHER WHERE YOU LIVE W INCHESTER OREGON SUNNY AND WARMER FOR YOU TODAY WITH HIGH TEMPERATURE OF EIGHTY EIGHT DEGREES MANCHESTER IOWA HOT AND HUMID WITH SHOWERS AND THUNDERSTORMS AND A HIGH OF NINETY ONE AND CHESTER SOUTH CAROLINA SCATTERED SHOWERS AND THUNDERSTORMS WITH HIGH OF EIGHTY FOUR. "
TEASE:
WE GOT A POSSIBLE MAD COW SITUATION HERE. WE'RE GOING TO HANDLE THIS" OFFICER ERNIE MC-VANE OF THE WINDHAM, MAINE POLICE DEPARTMENT TOOK A LIGHT-HEARTED APPROACH TO ROUNDING-UP A COUPLE OF LOOSE COWS.NEXT IN OUR DROVERS REPORT -WHAT IMPACT WILL ACCESS TO BRAZIL HAVE ON OUR BEEF PRODUCTION NUMBERS. LATER WE'LL GO SKIING IN WISCONSIN. . . ON A DAIRY FARM? DETAILS WHEN WE HEAD IN THE COUNTRY.
DROVERS:
IN DROVERS T-V, U-S AND BRAZILLIAN OFFICIALS ANNOUNCING THIS WEEK BRAZIL IS BACK IN BUSINESS FOR U-S BEEF. AFTER 13 YEARS OF BANNING U-S EXPORTS, A TRADE AGREEMENT IS SIGNED AND SHIPMENTS CAN FIRE BACK UP. OW IN PLACE, AND TRADE WILL FIRE BACK UP. NOT ONLY CAN U-S BEEF ENTER BRAZIL, BUT BRAZILLIAN BEEF WILL ALSO BE ALLOWED INTO THE U-S. PROFARMER'S BRIAN GRETE SAYS SHORT-TERM, THAT WON'T HAVE MUCH IMPACT, AS A 60 THOUSAND TON QUOTA WILL BE INITIALLY IN PLACE.
TEASE:
WHAT HAPPENS WHEN YOU BLEND YOUR PASSION FOR FARMING WITH YOUR ENJOYMENT OF WATERSKIING? WELL, YOU DIG A BIG HOLE IN YOUR FIELD! WE'LL EXPLAIN WHEN WE COMEBACK.
IN THE COUNTRY:

SOME WORLD CLASS ATHLETES ARE GATHERING THIS WEEK TO COMPETE FOR TOP HONORS. AND NO, WE'RE NOT TALKING ABOUT THE OLYMICS IN RIO. BUT THE BAREFOOT SKIING CHAMPIONSHIPS IN WISCONSIN! SO WHAT DOES THIS HAVE TO DO WITH AGRICULTURE? ACTUALLY QUITE A BIT. WE GET DETAILS IN THIS REPORT PROVIDED BY THE WISCONSIN MILK MARKETING BOARD. WHAT USED TO BE THE END OF A CORNFIELD ON BLAKE HELLER'S DAIRY FARM IS NOW A ONE-HALF MILE LONG LAKE THAT'S PERFECT FOR BAREFOOT WATERSKIING. "WE DUG THIS HOLE IN OUR CORN FIELD IN THE YEAR 2006 SO I GUESS THAT MAKES HER TEN YEARS OLD!" BLUE MOO LAKE HAS HOSTED MANY COMPETITIONS OVER THE YEARS, INCLUDING FOUR NATIONAL CHAMPIONSHIPS AND DOZENS OF OTHER COMPETITIONS.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CLINTON GRIFFITHS AND CINDI CLAWSON, I'M TYNE MORGAN. HAVE A GREAT DAY.
PROMO:
I'M TYNE MORGAN. FRIDAY ON AGDAY -PROFARMER LOOKS AHEAD TO USDA'S AUGUST 12TH REPORT AND THE POTENTIAL IMPACT IT COULD HAVE ON PRICES. PLUS, SHOULD FARMERS LOCK-IN DIESEL PRICES RIGHT NOW FOR FALL HARVEST? WATCH US WEEKDAYS HERE ON AGDAY.

 

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