AgDay Daily Recap -April 11, 2016

April 11, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 11, 2016


OPENING HEADLINES:
TODAY ON AGDAY THE SYNGENTA LAWSUIT APPEARS IN THE LIMELIGHT AGAIN.  THE BENEFITS OF BALE GRAZING. IN ANALYSIS COULD USDA'S SUPPY AND DEMAND REPORT BE A SLEEPER? CONSIDERING WE JUST HAD THE BIG MARKET MOVERS OF THE ACREAGE REPORT DO YOU THINK THIS IS GOING TO HAVE MUCH IMPACT THIS WEEK?>> I REALLY DON'T THINK IT WILLMACHINERY PETE ASSESSES THE USED COMBINE MARKET.
"STAY TUNED, FOLKS. COMING UP, I'M GOING TO TALK SOME SURPRISINGLY STRONG PRICES ON USED COMBINES. "AND A CROP THAT'S KNOWN TO BRING GOOD FORTUNE.
 SYNGENTA CONTINUES BATTLE OVER UNAPPROVED SEED:
GOOD MORNING I'M BETSY JIBBEN. IN WHAT COULD BE A LENGTHY JOURNEY  THROUGH THE COURTS, A FEDERAL JUDGE RULED AGAINST SYNGENTA FOR PLAYING THE "BLAME GAME" IN ITS BATTLE OVER UN-APPROVED SEED.  THE FEDERAL JUDGE OVERSEEING THE SYNGENTA VIPTERA LAWSUITS RECENTLY DISMISSED THE SEED COMPANY'S LAWSUITS AGAINST EXPORTERS THAT  HANDLED SHIPMENTS OF THE MIR 162 GENETICALLY MODIFIED CORN VARIETY.
SYGENTA COUNTERCLAIMS DISPUTED:
ACCORDING TO OUR PARTNERS AT AGWEB, A FEDERAL JUDGE DISMISSED SYNGENTA'S COUNTERCLAIM AGAINST ADM, CARGILL AND RAIL TRANSFER INC.. THE SEED COMPANY SAYS THE GRAIN HANDLERS WERE ALSO AT FAULT FOR ALLOWING AGRISURE VIPTERA TO ENTER CHINESE MARKETS PRIOR TO TRAIT APPROVAL BY CHINA. THAT TRAIT HAS SUBSEQUENTLY BEEN APPROVED FOR USE IN CHINA.
SYGENTA CASE EXPECTED TO CONTINUE INTO 2017:
MCEOWEN SAYS THE FIRST BELL-WEATHER TRIAL WON'T START UNTIL MID-2017. SO THE WHOLE SYNGENTA CASE WILL CONTINUE ON THROUGHOUT THIS YEAR. SOME FARMERS ARE SUING SYNGENTA SEEKING COMPENSATION FOR FINANCIAL LOSS, DISRUPTED TRADE AND LOWER COMMODITY PRICES. THOSE FARMER LAWSUITS AGAINST SYNGENTA WILL CONTINUE.
NEW CROP PROGRESS REPORT:
A NEW CROP PROGRESS REPORT COMES OUT THIS AFTERNOON. WE SHOULD GET OUR FIRST LOOK AT CORN PLANTING ON A NATIONAL SCALE. HOWEVER, PLANTING CONDITIONS HAVE NOT BEEN THE MOST-INVITING OVER MUCH OF THE CORN BELT WITH COLD TEMPERATURES AND SNOW IN PARTS OF THE UPPER MIDWEST. AS FAR AS PASTURE AND RANGE CONDITIONS -MIXED SIGNALS FROM OKLAHOMA.
USDA'S "NASS" REPORT LAST WEEK SHOWS 39-PERCENT OF THE STATE'S PASTURE AND RANGE IN GOOD TO EXCELLENT CONDITION.
ABNORMAL DRYNESS:
ANOTHER 45-PERCENT IS FAIR. ABNORMAL DRYNESS COVERS MUCH OF THE STATE, WHICH HAS HAD SOME INTENSE WILDFIRES. IN TEXAS -48-PERCENT OF PASTURE AND RANGE IS GOOD TO EXCELLENT. 39PERCENT IS FAIR. AND IN COLORADO -A THIRD OF THE STATE'S RANGE LAND IS GOOD TO EXCELLENT. ANOTHER 39-PERCENT IS FAIR.
BALE BENEFITS:
BALE GRAZING HAS BEEN PROMOTED AS A WINTER FEEDING OPTION IN WESTERN STATES FOR MANY YEARS, BUT IT IS FAIRLY NEW TO KENTUCKY FARMERS. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF KENTUCKY, JEFF FRANKLIN SAYS ONE BEEF CATTLE PRODUCER APPLIED THE CONCEPT LAST WINTER AND HE MIGHT JUST STICK WITH IT BECAUSE OF THE MANY BENEFITS.
BALE GRAZING OFFERS BETTER MANURE DISTRIBUTION:
IN KENTUCKY, AN ADAIR COUNTY FARMER IS REPORTING RESULTS AFTER HIS FIRST WINTER USING BALE GRAZING TO FEED HIS CATTLE. BALE GRAZING IS A NEW CONCEPT FOR MOST KENTUCKY FARMERS. THE FARMER SETS OUT HAY ROLLS IN FIELD BEFORE WINTER FEEDING BEGINGS AND RESTRICTS THE CATTLE'S ACCESS BY USING POLYWIRE FENCING. ONCE THE WINTER FEEDING BEGINS, THE FARMER REMOVES SECTIONS OF THE FENCIING TO MAKE TWO TO THREE BALES AVAILABLE TO THE CATTLE AT A TIME. ONCE THEY EAT THAT, THE PRODUCER OPENS MORE SECTIONS. BESIDES FEEDING CATTLE, BALE GRAZING CAN HELP FARMERS GET SOME FREE FERTILIZER IN THE FORM OF BETTER MANURE DISTRIBUTION.
A FEW CONS TO BALE GRAZING:
WHILE THOMAS HAS FOUND MANY BENEFITS TO BALE GRAZING, IT DOES HAVE SOME POTENTIAL DOWNSIDES INCLUDING THE PURCHASE OF ADDITIONAL POLYWIRE FENCING, MOVING THE FENCING DURING THE WINTER, AND THEN PURCHASING SEED AND RE-SEEDING THE FIELD. WE TRIED TO KEEP A BUFFER ON THE STEEP HILLSIDES SO THE GRASS COLD CAPTURE ANY RUNOFF NUTRIENTS AND ACTUALLY BENEFIT FROM THOSE." FROM THE UNIVERSITY OF KENTUCKY COLLEGE OF AGRICULTURE, FOOD AND ENVIRONMENT I'M JEFF FRANKLIN REPORTING.
CROP COMMENTS:
 LET'S CHECK IN WITH MIKE HOFFMAN FOR THIS MORNING'S CROP COMMENTS. MIKE GOOD MORNING, BETSY. THE MIDWEST IS DEALING WITH SOME ROLLER COASTER TEMPERATURES. A VIEW IN SOUTHEAST SOUTH DAKOTA SENT US THIS PHOTO OF FROST ON THE GROUND LATE LAST WEEK. HE SAYS TEMPERATURES DIPPED DOWN INTO THE LOW TWENTIES AND HIGH TEENS. THERE WAS EVEN SOME ICE ON WATER IN THE PASTURE.
TEASE:
MARKETS ARE STILL DIGESTING THE PLANTING INTENTIONS AND GRAIN STOCKS REPORT. BUT COULD THIS WEEK'S SUPPLY AND DEMAND REPORT GIVE THE MARKET ANOTHER HIT? WE FIND OUT IN ANALYSIS. AND WE TAKE YOU TO AN OPERATION GROWING A CROP YOU NORMALLY DON'T THINK ABOUT IN THE LONE STAR STATE. THAT'S IN THE COUTNRY. LET'S SEE HOW THE MARKETS CLOSED FOR THE WEEK. FOR THAT, WE HEAD TO THE CME FLOOR IN CHICAGO.
FROM THE FLOOR OF THE CME:
WELL WE'VE HAD QUITE AN EXCITING DAY IN THE MARKETS. WE'VE SEEN THE SOYBEANS HAVE REALLY TAKEN OFF. ONE OF THE KEY ISSUES WITH THAT IS THAT WE'VE SEEN A WEAKER DOLLAR, I'M SORRY, A STRONGER DOLLAR TODAY. AND ALSO SOMETHING THAT JUST POPPED UP LATE IN THE MORNING SESSION, IS BRAZIL AND THEIR REAL. THEY'RE CHANGING THE STRUCTURE ON THAT CURRENCY. WE'RE SEEING DEMAND START TO PICK UP ON THE U.S. CROP, PULLING AWAY FROM THE BRAZIL CROP FOR RIGHT NOW. ALSO WE SEE EXPORTS WERE FAIRLY GOOD FOR THIS PAST WEEK. AND AGAIN, THE DEMAND IS SLOWLY STARTING TO PICKUP. AND HOPEFULLY WE'LL CONTINUE TO SEE THAT INTO THE EARLY PORTION OF NEXT WEEK. SWITCH OVER TO CORN RIGHT NOW, THERE WAS A STRONG ENERGY DEMAND RIGHT NOW, WHICH IS HELPING TO GET RID OF SOME OF THE SELL LOSS WE'VE SEEN THIS PAST WEEK. THIS IS GARY KOZLOWSKI WITH FARR FINANCIAL COMING TO YOU FROM THE CME GROUP.
PITCH TO AGRIBUSINESS:
USDA WILL RELEASE ITS APRIL SUPPLY AND DEMAND TABLES TOMORROW. BUT TYPICALLY THE MARKET PAYS LITTLE ATTENTION SINCE IT'S STILL SORTING THROUGH PLANTING INTENTIONS AND QUARTERLY GRAIN STOCKS REPORTS FROM TEN DAYS AGO.. TYNE MORGAN HAS MORE IN ANALYSIS.
AGRIBUSINESS:
HERE NOW WITH SUE MARTIN OF AG AND INVESTMENT SERVICES SUE WE HAVE A USDA REPORT COMING OUT THIS WEEK BUT CONSIDERING WE JUST HAD THE BIG MARKET MOVERS OF THE ACREAGE REPORT DO YOU THINK THIS IS GOING TO HAVE MUCH IMPACT THIS WEEK?>> I REALLY DON'T THINK IT WILL I THINK THAT ONCE WE GET PAST THIS REPORT OUR FOCUS IS GOING TO GO TO SPRING PLANTING WEATHER LOOKING AROUND THE COUNTRY TO SEE JUST WHAT HOW PROGRESS WE ARE THIS NEXT WEEK HERE.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, WHAT CAN WE EXPECT FOR WEATHER AS WE START OFF THIS WEEK? WILL WE HAVE GOOD CONDITIONS OF FIELD WORK, PLANTING AND EVEN CALVING? MOST OF THE CORN BELT IS GOING TO LOOK GOOD. IT'S GOING TO WARM UP DRAMATICALLY. AND MOST OF THAT AREA IS GOING TO BE DRY THIS WEEK. IT'S GREAT WEATHER FOR SOME FIELD WORK. LAST WEEK PARTS OF THE CORN BELT DID HAVE SOME MOISTURE.
REGIONAL WEATHER:
NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL, FOR HOBBS, NEW MEXICO, IT'S MOSTLY SUNNY AND MILD. THE HIGH TEMPERATURE OF 71 DEGREES. HANNIBAL, MISSOURI, MOSTLY CLOUDY AND COOL. THE HIGH TEMPERATURE IS AROUND 53. AND HARTFORD, CONNECTICUT, IS CLOUDY WITH A SHOWER POSSIBLE IN PARTS OF THE AREA. THE HIGH TEMPERATURE IS AROUND 52.
TEASE:
NEXT UP, PETE HAS THE SCOOP ON THE USED COMBINE MARKET. AND CABBAGE GROWERS MAY BE FEW AND FAR BETWEEN-BUT ONE GROWER TELLS US THE 'BENEFITS' AND 'GOOD FORTUNE' OF SELLING THE CROP.
MACHINERY PETE:
IF YOU'RE IN THE MARKET FOR A GOOD USED COMBINE, MACHINERY PETE SAYS IT'S NOT A BUYERS MARKET RIGHT NOW. WELL, FOLKS, I'M SEEING SOME REALLY INTERESTING THINGS HERE EARLY IN 2016 IN THE USED COMBINE MARKET. SPECIFICALLY, MODELS ARE A LITTLE BIT OLDER KIND OF IN THAT 10 YEAR OLD RANGE, SO A GOOD EXAMPLE WOULD BE THE JOHN DEERE 9660 STS, NOW ACTUALLY THEY ARE UP 9.9 PERCENT IN VALUE SO FAR THIS YEAR AT AUCTION.
TEASE:
WHEN WE COME BACK, FIND OUT HOW THIS LEAFY CROP CAN BRING YOU GOOD FORTUNE. IN THE COUNTRY IS NEXT.
IN THE COUNTRY:
AS TRADITION HAS IT -IN SOME REGIONS OF THIS COUNTRY -EATING CABBAGE ON NEW YEARS WILL BRING YOU FINANCIAL STABILITY THE FOLLOWING YEAR. AND MANY PEOPLE CELEBRATE ST. PADDY'S DAY WITH CORNED BEEF, POTATOES AND CABBAGE. NOT MANY FARMERS GROW CABBAGE. BUT AS JESSICA DOE-MULL TELLS US IN THIS VIDEO PROVIDED BY THE TEXAS FARM BUREAU, CABBAGE BRINGS "GOOD FORTUNE" TO THE TABLE. 
WITH THE TEXAS FARM BUREAU, JESSICA DOMEL, EDINBURG.
CLOSING:
 THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR TYNE MORGAN AND MIKE HOFFMAN, I'M BETSY JIBBEN. HAVE A GREAT DAY.
PROMO:
I'M BETSY JIBBEN. TUESDAY ON AGDAY WE'LL HAVE THE LATEST NEWS FROM THE DAIRY SECTOR. GRAIN MARKETS PREPARE FOR A NEW DATA DUMP FROM USDA. PLUS MIKE HOFFMAN WILL LET US KNOW IF A WARM-UP WILL ENTER THE MIDWEST. TUNE IN EACH WEEKDAY FOR AGDAY.

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close