AgDay Daily Recap - Sept. 8, 2016

September 8, 2016 02:57 AM
 

TODAY ON AGDAY
SEPT. 8, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -THE PRESIDENT PUSHES FOR ACTION ON A TRADE PACT. SO I BELIEVE WE WILL GET IT DONE. PLUS, BLUEBERRY HARVEST HEADS INTO THE HOMESTRETCH. IN AGRIBUSINESS...CAN BEANS BECOME BULLS? IT LOOKS LIKE WE HAVE TO BUY ACRES AND I DON'T THINK WE'LL BUY ACRES WITH NINE DOLLAR SOYBEANS. CATTLE PRICES CONTINUE TO TREND LOWER. AND GROWING GRAPES IN NORTH DAKOTA. MEET A FARM FAMILY FINDING A WAY TO KEEP THE DOORS OPEN AND PROFITS FLOWING.
CONGRESS IS BACK IN SESSION:
GOOD MORNING I'M CLINTON GRIFFITHS. WITH CONGRESS BACK IN SESSION, THERE'S NO SHORTAGE OF LEGISLATION TO ADDRESS. IT'S STILL UN-CERTAIN WHETHER A MULTI-NATION TRADE PACT WILL BE ON THE AGENDA. LAWMAKERS RETURNED TO THE NATION'S CAPITOL WHILE PRESIDENT OBAMA IS IN ASIA THIS WEEK AT THE G-20 SUMMIT. HE SPENT QUITE A BIT OF TIME TALKING ABOUT TRADE AND THE TRANS PACIFIC PARTNERSHIP. THE PRESIDENT SAYS HE'LL URGE CONGRESS TO PASS THE TRANS PACIFIC PARTNERSHIP ONCE THE "NOISE" OF THE ELECTION SEASON IS OVER.  NOTHING IS EASY IN THE US CONGRESS RIGHT NOW. MAYBE THERE WAS A TIME WHEN IT WAS, BUT I HAVE NOT SEEN IT. IT SURE HAS NOT BEEN EASY SINCE I HAVE BEEN PRESIDENT. BUT EVENTUALLY WE WILL GET IT DONE. SENATE GOP LEADER MITCH MCCONNELL SAID LAST MONTH THAT T-P-P WOULD NOT GET A VOTE IN THE CURRENT SESSION. HOUSE SPEAKER PAUL RYAN SAYS THE TRADE PACT NEEDS FIXING. TOP HOUSE DEMOCRAT NANCY PELOSI ALSO OPPOSES THE TPP IN ITS PRESENT FORM. NONE OF THAT IS STOPPING AMERICAN FARM BUREAU AND OTHER AG GROUPS ENCOURAGED BY FAVORABLE RECENT POLLING, FROM TRYING TO WIN PASSAGE THIS YEAR. ALSO IN WASHINGTON, FUNDING IN THE FIGHT OVER THE ZIKA VIRUS. THE CENTERS FOR DISEASE CONTROL WARNS IT'S NEARLY OUT OF MONEY FOR THIS ENDEAVOUR. CONGRESS ALSO NEEDS TO FINISH ITS WORK ON APPROPRIATION BILLS-INCLUDING FUNDING FOR USDA. MOST WASHINGTON WATCHERS EXPECT ANOTHER CONTINUING RESOLUTION.
CHINA PLANNING TO INCREASE SOYBEAN PRODUCTION:
THE WORLD'S BIGGEST BUYER, SAYS IT'S PLANNING TO INCREASE SOYBEAN PRODUCTION OVER THE NEXT FOUR YEARS. CHINA PLANNING TO GROW BEAN ACRES BY 56 PERCENT BY THE YEAR 20-20. IT'S HOPPING TO EVENTUALLY REDUCE IMPORTS AND BALANCE IT'S OWN DOMESTIC STOCKS.
FIRE UPDATE:
 AN UPDATE ON THIS FIRE AT A USDA BUILDING IN MARYLAND. REUTERS REPORTING THAT FEDERAL AGENTS SAY THERE ARE NO INITIAL SIGNS OF A CRIME BEING COMMITTED. THAT NEWS FROM A SPOKESMAN AT THE ATF. THE STORAGE SHED THAT BURNED ON TUESDAY WAS AT A USDA COMPLEX IN BELTSVILLE, A WASHINGTON SUBURB, IT WAS ONE OF THE USDA FACILITIES IN FIVE STATES THAT CLOSED LAST WEEK AFTER GETTING ANONYMOUS THREATS. THE FLAMES TOOK ABOUT TWO HOURS TO PUT OUT...NO INJURIES WERE REPORTED.
CROP CONDITIONS:
THE NATIONS MAJOR ROW CROPS CONTINUE TO WORK TOWARD THE FINISH LINE. THE LATEST CROP PROGRESS REPORT SHOWS 18 PERCENT OF THE NATION'S CORN CROP IS NOW MATURE. THAT'S SLIGHTLY BEHIND THE (20) THE FIVE YEAR AVERGE. 74 PERCENT IS STILL GOOD TO EXCELLENT...THAT'S DOWN A TICK FROM LAST WEEK. ON THE SOYBEAN SIDE, 12 PERCENT OF ACRES ARE DROPPING LEAVES....RIGHT ON PACE WITH THE FIVE YEAR AVERAGE. CONDITIONS HOLDING THIS WEEK ACCORDING TO USDA--STILL 73 PERCENT GOOD TO EXCELLENT. IN OTHER HARVEST NEWS, 20 PERCENT OF SORGHUM AND 35 PERCENT OF RICE IS NOW CUT.
MICHIGAN BLUEBERRIES:
 MICHIGAN BLUEBERRY GROWERS ARE WRAPPING-UP HARVEST WITH A BUMPER CROP FOR MANY GROWERS. BETSY JIBBEN TAKES US TO WESTERN MICHIGAN THE LEADING BLUEBERRY REGION IN THE STATE, BLUEBERRY GROWERS ARE CROSSING/NEARING THE FINISH LINE FOR HARVEST IN MICHIGAN. "IT'S A BEAUTIFUL, SUNNY DAY. IT DOESN'T HAVE TO BE THIS WARM THOUGH," MIKE DEGRANDCHAMP SAYS THAT WARMER WEATHER EARLIER IN THE GROWING SEASON WAS A FACTOR BY RIPENED THE CROP -AND FAST. "THIS YEAR WE ARE RUNNING BEHIND BECASUEU THEY'RE RIPENING SO QUICK. WE'RE PUTTING IN LONG HOURS AND LONG DAYS TO KEEP UP WITH THE CROP," THE CROP CONDITION IS GOOD-COMPARED TO A LIGHTER SEASON IN '14 AND '15. "THEY SET A LOT OF FRUIT BUDS IN THE FALL FOR THIS YEAR. MILD WINTERS SO DIDN'T HAVE THE DAMAGE IN THE WINTER. AND WE CAME THROUGH SPRING WITH LITTLE FROST AT ALL," REPORTING FOR AGDAY, I'M BETSY JIBBEN. MICHIGAN AND GEORGIA COMPETE FOR TOP SPOTS IN PRODUCTION OF CULTIVATED BLUEBERRIES.
TEASE:
MEANWHILE, THE STATE OF MAINE IS THE LEADING PRODUCER OF LOWBUSH, OR "WILD" BLUEBERRIES,
CROP COMMENTS:
HARVEST SEASON IS RAMPING-UP IN MANY DIFFERENT CROPS. MIKE HOFFMAN HAS THE DETAILS IN CROP COMMENTS, MIKE. GOOD MORNING CLINTON. WE JUST SHOWED YOU THE BLUEBERRY HARVEST IN MICHIGAN WHICH IS ALL BUT WRAPPED-UP. IN OTHER PARTS OF THE WOLVERINE STATE, SUGARBEET HARVEST HAS JUST STARTED, INITIAL CROP YIELDS, ACCORDING TO "NASS", ARE CALLED EXCEPTIONALLY GOOD.
TEASE:
 WHEN WE COME BACK, IT MAY SEEM LIKE THE BEARS ARE RUNNING SOYBEAN MARKETS...BUT IS THERE AN ARGUMENT THAT THE BULLS MIGHT TAKE THE REINS IN 2017? WE'LL DISCUSS COMING UP IN ANALYSIS. AND LATER, WE'LL MEET A NORTH DAKOTA FAMILY FINDING A WAY TO KEEP THE FARM PROFITABLE USING AN USUAL CASH CROP.
AGRIBUSINESS:
ITS NO SECRET GRAIN PRICES AREN'T A CAUSE FOR EXCITEMENT. BUT COULD LOWER PRICES NOW HELP TURN THE MARKET BULLISH IN 2017? TYNE MORGAN TAKES A CLOSER LOOK IN TODAY'S ANALYSIS. HERE NOW WITH THE BRYCE KNORR SENIOR GRAIN MARKET ANALYST FOR FARM FUTURES MAGAZINE BRYCE YOU KNOW WE'VE BEEN HEARING A LOT OF NEGATIVE NEWS ABOUT THESE COMMODITY PRICES SEEM TO BE A BIT MORE UPBEAT ON SOYBEANS RIGHT NOW WHY? WELL WE JUST PUT OUT A SURVEY FOR TWENTY SEVENTEEN PLANTING INTENTIONS AND IT SHOWS FARMERS WANT TO PLANT MORE SOYBEANS BUT NOT A WHOLE LOT MORE. WE'RE TALKING EIGHTY FOUR POINT FOUR MILLION. SO THAT'S UP LESS THAN A MILLION WHEN YOU START FACTOR IN STRONG CHINESE DEMAND THAT LOOK LIKE IT'S GOING TO KEEP ON GOING IT LOOKS LIKE WE HAVE TO BUY ACRES AND I DON'T THINK WE WILL BUY ACRES WITH NINE DOLLAR SOYBEANS I THINK WE'RE GOING TO HAVE TO HAVE SOME SORT OF RALLY TO ENTICE GROWERS NOT ONLY IN THE UNITED STATES BUT IN SOUTH AMERICA TO GO AHEAD AND PLANT MORE SOYBEANS. LET'S TALK ABOUT THIS DEMAND A LITTLE BIT. SO DO YOU THINK USDA NUMBERS THEIR EXPORT NUMBERS
NATIONAL WEATHER:
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE AS WE MENTIONED YESTERDAY A COUPLE OF LOWS OR SYSTEMS REALLY WORKING ACROSS THE COUNTRY HERE. WHAT DO WE EXPECT OUT OF THESE? WELL THERE IS SOME TROPICAL MOISTURE WITH ONE OVER NEW MEXICO SINCE IT'S THE REMNANT OF NEWTON. BUT IT'S GOING TO BE INTERACTING WITH THAT FRONT AND CAUSING SOME RAIN IN PARTS OF THE MIDWEST. I'M NOT LOOKING FOR ANYTHING HUGE OUT OF THAT SYSTEM EITHER BECAUSE IT IS GOING TO GET STRUNG OUT AND THEY MOVE PRETTY QUICKLY ALONG THIS FRONT AS IT COMES EAST.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HEAD TO SPOKANE WASHINGTON FIRST OF ALL PARTLY SUNNY AND COMFORTABLE HIGH OF SEVENTY TWO. AMARILLO TEXAS HOT WITH SHOWERS AND THUNDERSTORM HIGH OF NINETY ONE. AND CANTON OHIO WARM AND HUMID A SHOWER THUNDERSTORM PRETTY LIKELY A HIGH OF EIGHTY EIGHT.
TEASE:
WHEN WE COME BACK, A CHECK ON CATTLE PRICES INCLUDING WHAT IT MEANS FOR SEEDSTOCK SELLERS IN THE MONTHS AHEAD. AND LATER FINDING PROFIT POTENTIAL ON THIS NORTH DAKOTA FARM THANKS TO A SIP OF CREATIVITY AND A BUNCH OF GRAPES.
DROVER’S TV:
IN DROVERS TV CATTLE MARKETS FEELING THE PRESSURE THIS WEEK. OCTOBER LIVE CATTLE FUTURES AT CME DIPPING BELOW THE DOLLAR MARK TUESDAY. THE PRICES IS DOWN ROUGHLY TEN DOLLARS OVER THE PAST 3 WEEKS. CATTLE FEEDERS FEELING THE PAIN AS WELL. CASH FED CATTLE PRICES DROPPING ON THE LARGE INCREASE IN SLAUGHTER NUMBERS. TOTAL DAILY HARVEST NUMBERS IN AUGUST WERE NEARLY 16 PERCENT HIGHER THAN LAST YEAR. STEER SLAUGHTER IS UP 13 PERCENT WHILE HEIFER NUMBERS ARE 22 PERCENT HIGHER. ANALYSTS SAY RIGHT NOW THESE CATTLE MARKETS ARE STRUGGLING TO FIND BOTTOM. "WE'RE GETTING AWFULLY CHEAP HERE INTO SOME MULTI-MONTH, MULTI YEAR LOWS IN SOME INSTANCES. AND PICKING A BOTTOM IN THE BEAR MARKET IS ALWAYS DIFFICULT BUSINESS."
IN THE COUNTRY:
IN THE COUNTRY -BROUGHT TO YOU BY KUBOTA'S BX AND L SERIES COMPACT TRACTORS -AVAILABLE NOW WITH A SIX-YEAR LIMITED POWERTRAIN WARRANTY. LEARN MORE TODAY AT YOUR LOCAL KUBOTA DEALER.NORTH DAKOTA IS FAMOUS FOR PRODUCING WHEAT, NOT WINE. BUT THAT HASN'T STOPPED SOME ENTREPRENEURS FROM TAKING THAT PATH. CLIFF NAYLOR FROM AGDAY AFFILIATE KFYR TAKES US TO A FORMER FARM THAT'S BEEN TURNED INTO A PARADISE FOR THE PALLET. I'M CLIFF NAYLOR REPORTING FOR AGDAY
TEASE:
CLIFF SAYS FIFTEEN WINERIES ARE OPERATING IN THE STATE EVEN THOUGH THE WEATHER ISN'T GREAT FOR GROWING GRAPES. THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR MIKE HOFFMAN, AND ALL OF AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. FRIDAY ON AGDAY -PROFARMER LOOKS AT THE UPCOMING SUPPLY & DEMAND REPORT AND HOW IT COULD IMPACT PRICES. WE'LL ALSO VISIT A GREAT AMERICAN BARN. AND MIKE HOFFMAN WITH YOUR KICKOFF FORECAST FOR SOME OF YOUR FAVORITE LAND-GRANT SCHOOLS FOR THE UPCOMING FOOTBALL WEEKEND.. WATCH US WEEKDAYS ON AGDAY.

 

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