AgDay Daily Recap - August 24, 2016

June 14, 2016 02:57 AM
 

TODAY ON AGDAY
AUG. 24, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -RESULTS AND IN FIELD ANALYSIS ALONG THE PROFARMER MIDWEST CROP TOUR. I’M BESTY JIBBEN WE’RE TRAVELING WITH THE SCOUTS IN NORTHWEST INDIANA WE’LL TELL YOU WHAT THEY SEE AHEAD ON AGDAY PLUS, IS ANOTHER MEGA MERGER INCHING CLOSER TO COMPLETION? IN AGRIBUSINESS...FROM THE FIELD TO THE BIN? WHAT TO DO AT HARVEST. BECAUSE WE HAVE TO RESPECT THAT HARVEST IS STILL AHEAD OF US INTO SEPTEMBER IN OCTOBER AND HARVEST PRESSURE COULD CERTAINLY REMATIERIALIZE HERE THE PACKER TV GETS A TASTE OF SWEET POTATO POTENTIAL. AND IS THIS THE FARM OF THE FUTURE? THESE ENTREPREURES SAY THEY'RE BUILDING THE WORLD'S LARGEST VERTICAL FARM.
FROM THE CORN BELT:
A NEW DAY..."ONE TWO THREE FOUR FIVE"AS SCOUTS STRETCH OUT ACROSS THE CORN BELT. "CORN IS LOOKING PRETTY GOOD. WE'VE PULLED SEVERAL 200 BUSHEL SAMPLES, SOME NOT SO GREAT. THERE'S QUITE A BIT OF  VARIABILITY ACROSS THE STATE FROM WHAT I'VE BEEN BEEN TOLD. BUT HEADING SOUTH AND WEST -- EAR WEIGHTS PICKED UP DRAMATICALLY.."I WOULD SAY THIS IS PROBABLY AN AVERAGE CROP COMPARED TO WHAT THEY'RE EXPECTING UP IN THIS NEIGHBORHOOD. IT'S A REAL ROLL OF THE DICE OF WHAT YOU'RE GOING TO GET. SOME OF THE FIELDS WE WERE IN APPARENTLY MISSED SOME OF THE RAINFALL HENCE THE SUB 200 BUSHEL YIELDS" FROM HOOSIER SOYBEANS...WITH THE HEAVY RAINS WE HAVE SEEN IN THE PAST 10 DAYS OR TWO WEEKS, BEANS THAT ARE 4 FEET TALL ARE NOW 18 INCHES TALL. THE RAIN WET THEM DOWN AND THEY WENT DOWN. WHEN SOYBEANS LODGED, YOU CAN LOSE UP TO 10 PERCENT OF YOUR YIELD JUST FROM THAT LODGING." TO HUSKERS.
PROFARMER CROP TOUR DAY 3:
GOOD MORNING I'M CLINTON GRIFFITHS.THE PRO FARMER MIDWEST CROP TOUR IS TURNING HEADS AS SCOUTS SET OUT ON DAY THREE. TEAMS IN THE EAST ARE HEADING OUT FROM BLOOMINGTON ILLINOIS MAKING THEIR WAY TO IOWA CITY IOWA. WHILE OUT ON THE WESTERN LEG, SCOUTS ARE LEAVING NEBRASKA CITY IN ROUTE TO SPENCER IOWA. BUT BEFORE WE GET TO OUR TEAM IN THE FIELD--LETS START WITH RESULTS FROM DAY 1. IN OHIO, PROFARMER PUTTING THE CORN CROP AT NEARLY 149 BUSHELS PER ACRE. THAT'S WELL OFF USDA PROJECTIONS OF 163. SOUTH DAKOTA COMING IN AT 149 POINT 7. AND AHEAD OF USDA'S AUGUST EXPECTED YIELD OF 147. ON THE SOYBEAN SIDE, TOUR SCOUTS MEASURE A 3 BY 3 SQUARE OF BEANS.  DAY ONE SAW OHIO BEANS WITH PODS COUNTS OF ONE THOUSAND 55. WE'LL GET A FINAL BUSHEL AVERAGE LATER THIS WEEK--USDA PUTS OHIO AT 52 BUSHELS PER ACRE. IN SOUTH DAKOTA, POD COUNTS WERE IN A 970 POINT 6. USDA IS FORECASTING BEAN YIELDS OF 42 BUSHELS PER ACRE. CHIP FLORY ON THE WESTERN LEG RESULTS.
CROP CONDITIONS IN ILLINOIS:
BETSY JIBBEN IS ON THE ROAD WITH SCOUTS THIS WEEK. SHE STOPPED TO TALK WITH FARMERS EAST-CENTRAL ILLINOIS ABOUT THIS YEAR'S CROP. WELL, ILLINOIS IS KNOWN TO HAVE A GOOD CROP. AND THAT SEEMS TO BE THE CASE THIS YEAR. BECAUSE FARMERS IN THE CENTRAL PART OF THE STATE ARE PRETTY HESITANT TO SHARE HOW THEY FEEL THE CROP IS TURNING OUT," IF YOU BELIEVE IN THE SAYING 'RAIN MAKES GRAIN,' IT MAY ACTUALLY BE TRUE THIS YEAR FOR ILLINOIS. "WE GOT A GOOD SOAKING TODAY,"BUT IF YOU ASK A CENTRAL ILLINOIS GROWER ABOUT THIS SEASON'S CROP , YOU MAY RECEIVE A RESPONSE LIKE THIS: "I CAN SAY WE'RE IN A VERY FORTUNATE AREA HERE IN CHAMPAIGN COUNTY," SAINT JOSEPH, ILLINOIS FARMER ROGER MILLER SAYS HE HAS YET TO PUT THE LAWN MOWER AWAY IF THAT'S ANY INDICIATION OF THE CROP POTENTIAL. REPORTING FOR AGDAY, I'M BETSY JIBBEN.
IRRIGATED CORN FIELDS:
THANKS BETSY. ON THE WESTERN LEG, CROP SCOUTS SPEND TUESDAY COMBING THE STATE OF NEBRASKA. MAKING THEIR WAY FROM GRAND ISLAND TO NEBRASKA CITY. WESTERN LEG SCOUTS SAY OVERALL THE STATE MAY SEE DECENT YIELDS, BUT THERE ARE POCKETS WITH PROBLEMS. "AS FAR AS THE CORN GOES, WE'VE BEEN PRETTY DISAPOINTED TODAY."AS MATT BENNETT OF BENNETT CONSULTING MADE HIS WAY ACROSS NEBRASKA, HE HAD MUCH HIGHER HOPES FOR THE IRRIGATED CORN FIELDS. "9 OUT OF 12 STOPS WERE IRRIGATED , AND WE HAVE AN AVERAGE YIELD SO FAR OF ABOUT 145 SO FAR, INCLUDING THE IRRIGATED." "SO FAR, WE'RE NOT SEEING WHAT USDA WAS SEEING IN NEBRASKA."BENNETT SAYS POOR PLANT POPULATION DRAGGED DOWN YIELD ON TUESDAY, BUT SCOUTS ALSO FORCED TO NAVIGATE THROUGH FIELDS WITH MAJOR GREENSNAP, INCLUDING THE WESTERN LEG AGRONOMIST, EMILY CAROLAN.
MONSANTO STOCK PUSHES HIGHER:
SHARES OF MONSANTO STOCK PUSHED HIGHER AS DISCUSSIONS WITH BAYER APPEARED TO MOVE FORWARD, BLOOMBERG NEWS IS REPORTING THE TWO COMPANIES HAVE MADE PROGRESS ON ISSUES SUCH AS THE PURCHASE PRICE AND TERMINATION FEE. SOURCES SAY AN AGREEMENT COULD BE REACHED IN THE NEXT TWO WEEKS. LAST MONTH MONSANTO REJECTED BAYERS 55-BILLION DOLLAR BID. GERMAN-BASED BAYER OFFERED 125-DOLLARS A SHARE AT THE TIME. MONSANTO CALLED IT INADEQUATE. MONSANTO SHARES WERE UP ABOUT FOUR PERCENT MOST OF THE DAY. ON THE EUROPEAN EXCHANGE, BAYER WAS UP ABOUT ONE PERCENT. THERE'S BEEN A BIG TURNAROUND IN EGG PRODUCTION IN THIS COUNTRY. THE AG DEPARTMENT SAY EGGS PRODUCTION TOTALED EIGHT AND A HALF BILLION IN JULY. THAT'S UP NINE PERCENT FROM 2015. AT THIS TIME LAST YEAR, THE EGG INDUSTRY WAS STILL RECOVERING FROM AN AVIAN FLU OUTBREAK THAT PUMMELED EGG LAYING FLOCKS, ESPECIALLY IN IOWA.
CROP COMMENTS:
THERE ARE PLENTY OF PICTURES CROPS THIS WEEK--WHICH IS GREAT FOR MIKE HOFFMAN AND TODAY'S CROP COMMENTS. GOOD MORNIGN MIKE. GOOD MORNING CLINTON. AS PROFARMER CROP SCOUTS ENTER EASTERN IOWA TODAY, THEY MAY COME ACROSS A HIGH NUMBER OF CASES OF SUDDEN DEATH SYNDROME IN THE BEAN FIELDS. A FARMER FROM JACKSON COUNTY POSTED A COMMENT ON AGWEB, HE SAYS SD-S IS MORE PREVALENT THAN EVER BEFORE. HE SAYS CORN LEAF DISEASES HAVE NOT REALLY SHOWED-UP. HE'S ALSO SEEING A FAIR AMOUNT OF TIP BACK.
TEASE:
ALRIGHT WHEN WE COME BACK WE'LL SKIP OVER TO HARVEST SEASON AND BEGIN THE CONVERSATION OF WHAT TO DO WITH THE CROP WHEN IT COMES OUT OF THE FIELD. AND LATER HIGH RISE FARMING IN NEW JERSEY. THIS COMPANY IS TAKING PRODUCE TO FRESH HEIGHTS!
AGRIBUSINESS:
BRIAN BASTING ADVANCE TRADING OUR GUEST HERE THAT THE AGRIBUSINESS DESK AS WE GET READY FOR HARVEST BRIAN WE GOT TO START THINKING ABOUT WHAT WE DO WITH THIS CROP WHAT WE GET OUT OF THE FIELD WITH THE PUT IT SOMEWHERE WHAT DO YOU THINK FOLKS NEED TO BE THINKING ABOUT WELL WE'VE PICKED UP QUITE A BIT CLINTON THE LAST SIX DAY WEEKS IS ONCE AGAIN WHEN WE GET PAST POLLINATION PARTICULLARLY WITH RESPECT TO TWO THOUSAND SIXTEEN CORN GROWERS HAVE A LOT OF TWO THOUSAND SIXTEEN CORN UNPRICED FOR TWO REASONS NUMBER ONE THEIR YIELDS HAVE EXCEEDED WHAT THEIR EXPECTATIONS WE'VE WE HAD VERY FAVORABLE GROWING CONDITIONS NUMBER ONE NUMBER TWO THE BEAN PRICE FOR NEW CROP GOT A BIT HIGHER RELATIVE TO THE NEW CROP CORN PRICE IT WAS JUST MORE ATTRACTIVE OPPORTUNITY SALES OPPORTUNITIES BUT HAVING SAID THAT GETTING CONTROL MEANS GETTING A FLOOR UNDERNEATH THE MARKET BE EITHER A CASH SALE A CALL OPTION PURCHASES OR A PUT OPTION PURCHASE THAT GIVES YOURSELF A FLOOR BECAUSE WE HAVE TO RESPECT THAT HARVEST IS STILL AHEAD OF US IN SEPTEMBER IN OCTOBER AND HARVEST PRESSURE CERTAINLY REMATERIALIZE HERE IF THESE YIELDS WERE ACHIEVE EXPECTATIONS SO I THINK ANYTIME YOU TALK ABOUT GETTING CONTROL IT ALSO GIVES YOU AN OPPORTUNITY TO ONCE AGAIN CHEER FOR HIGHER PRICES VIA A CALL OPTION
NATIONAL WEATHER:
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE AS WE LOOK AT THIS MAP I THINK SOME OF OUR SCOUTS GOING TO GET WET TODAY YOU'RE PROBABLY IN FACT THAT'S THE BULL'S EYE FOR SOME RAIN IT LOOKS LIKE RIGHT OVER IOWA AS THAT STORM SYSTEM MOVES SLOWLY EASTWARD AND BEFORE WE GET TOO FAR IN FRONT OF THE MAP I WANTED TO POINT OUT THIS AREA OF LOW PRESSURE WELL EAST OF FLORIDA THAT'S THE REMNANTS OF FIONA NOW IT'S GOING TO BE MOVING SLOWLY WESTWARD OVER THE NEXT FEW DAYS NO SIGNS OF IT DEVELOPING THAT SOMETHING WILL BE WATCHING JUST IN CASE BUT THE MAIN FACTOR AGAIN IS GOING TO BE THAT AREA OF LOW PRESSURE OVER IOWA THAT WILL MOVE EASTWARD AND WITH THAT KIND OF THE CONJUNCTION OF THE WARM FRONT COLD FRONT THERE IS POTENTIAL FOR SOME SEVERE WEATHER NEAR AND SOUTH OF THAT AREA AS WE HAD THROUGHOUT THIS AFTERNOON AND EVENING SHOWERS AND THUNDERSTORMS OUT AHEAD OF IT IS WELL.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS A COUNTRY NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS FIRST OF ALL FOR BILLINGS MONTANA TODAY A MIX OF CLOUDS AND SUNSHINE AND BE COOLER I AM ONLY SIXTY NINE WACO TEXAS SONNY RATHER HOT HUMID HIGH OF NINETY TWO AND WATERTOWN NEW YORK LOTS OF SUNSHINE WARM AND RATHER HUMID AIR WITH A HIGH OF TWO EIGHTY SIX DEGREES.
TEASE:
WHEN WE COME BACK WE'LL CHECK ON PRODUCE PRODUCTION THANKS TO OUR PARTNERS AT THE PACKER. AND LATER, THESE LEAFY GREENS AREN'T BEING GROWN IN OPEN FIELDS-THESE FARMERS HAVE LOFTY GOALS FOR THEIR VERTICAL FORMAT.
MORE HONEYCRISP:
IN NEWS FROM OUR REPORTING PARTNERS AT THE PACKER....APPLE GROWERS IN WASHINGTON STATE ARE STEPPING-UP THEIR EFFORTS TO MEET THE GROWING DEMAND FOR HONEYCRISP APPLES. THANKS TO IMPROVING TECHNOLOGY THE APPLE INDUSTRY WAS ABLE TO MARKET 2015 HONEY-CRISP APPLES INTO LATE JULY. SHIPPERS SAID WASHINGTON GROWERS ARE INCREASING OUTPUT OF IMPROVED, HIGH-COLOR HONEYCRISP VARIETIES IN RESPONSE TO EXCEPTIONAL CONSUMER DEMAND. LAST SEASON THE INDUSTRY PRODUCED EIGHT AND A HALF MILLION CARTONS OF HONEYCRISP. THE PACKER SAYS IT COULD HIT 12 MILLION BOXES THIS FALL,
SWEET POTATOES: 
THE PACKER IS ALSO REPORTING ON WHAT APPEARS TO BE AN ABUNDANT CROP OF SWEET POTATOES. GROWERS SAY CONDITIONS THIS SEASON HAVE BEEN ABOUT AS GOOD AS YOU CAN GET. NORTH CAROLINA IS THE BIG PLAYER. GROWERS INCREASED SWEET POTATO ACREAGE BY 21-PERCENT THIS YEAR. AND THERE'S BEEN ADEQUATE RAIN AND NORMAL HEAT. MISSISSIPPI GROWER-SHIPPERS BEGAN TRANSPLANTING IN MID-MAY THIS YEAR. THAT'S THE EARLIEST THEY HAVE BEEN ABLE TO DO SO IN RECENT YEARS ACCORDING TO THE MISSISSIPPI STATE EXTENSION.
WHITEFLY CAUSES CROP TROUBLE IN FLORIDA:
IN FLORIDA, FRUIT AND VEGETABLE GROWERS ARE WORRIED ABOUT A NEW INVASIVE SPECIES. THE Q-BIOTYPE WHITEFLY IS RESISTANT TO PESTICIDES AND IT CARRIES VIRUSES THAT CAN BE DEVASTATING TO CROPS. ORIGINALLY FOUND INSIDE AT A NURSERY IN ARIZONA, THE WHITEFLY IS NOW BEING FOUND OUTDOORS IN FLORIDA . THE WHITEFLIES DRAW FLUID OUT OF A PLANTS LEAVES AND LEAVE BEHIND A STICKY RESIDUE THAT ALLOWS A FUNGUS TO GROW. ITS A REAL THREAT TO CROPS LIKE TOMATOES, BEANS, SQUASH, COTTON AND MELONS. UNIVERSITY RESEARCHERS SAY WHITEFLIES HAVE BEEN FOUND IN MORE THAN 40 LOCATIONS ACROSS THE STATE.
TEASE:
ENTREPRENEURS HAVE A FRESH IDEA ON WHAT TO DO WITH OLD DILAPIDATED FACTORIES -AND IT COULD PUT MORE FOOD ON THE TABLE. IN THE COUNTRY IS NEXT.
IN THE COUNTRY:
YOU CAN'T MAKE ANY MORE LAND. SO WHAT DO YOU DO IF YOU WANT TO PLANT MORE FOOD? WELL, YOU BUILD HIGHER. A COMPANY CALLED "AERO FARMS" IS BUILDING WHAT IT SAYS WILL BE THE LARGEST VERTICAL FARM IN THE WORLD IN AN OLD STEEL MILL IN NEWARK, NEW JERSEY. THEY'VE ALREADY CONVERTED AN OLD BREWERY IN A MASSIVE GREEN HOUSE WHERE IT GROWS STACKS OF
LEAFY GREENS. THE NEXT PHASE IS TO CONVERT AN OUTDATED STEEL MILL INTO TWELVE LEVELS OF FOOD PRODUCTION OVER THREE AND A HALF ACRES.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR BETSY JIBBEN AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. THURSDAY ON AGDAY -THE PROFARMER MIDWEST CROP TOUR HEADS INTO THE HOMESTRETCH. WE'LL LOOK AT CROP ESTIMATES ALONG THE WAY...AND SEE HOW THEY COMPARE TO USDA ESTIMATES. WATCH US WEEKDAYS HERE ON AGDAY.

 

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