AgDay Daily Recap -April 19, 2016

April 19, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 19, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -SPRING WEATHER IS ANYTHING BUT PREDICTABLE. " DID YOU JUST NOT THINK THE WATER WAS THAT DEEP.WE'LL TELL YOU HOWS IMPACTING CROP PROGRESS. PLUS, THE DISEASE LOAD IN KANSAS WHEAT. IN AGRIBUSINESS...A CHECK OF DAIRY MARKETS. CONTINUES TO BE REALLY GOOD SUPPORT 14 DOLLARS IS RESISTANCE AND MEET THE WOMEN WORKING HARD TO PRESERVE THEIR FAMILY'S LEGACY AT THIS WISCONSIN DAIRY.
COLORADO SPRING COLD:
GOOD MORNING I'M CLINTON GRIFFITHS. SPRING WEATHER LIVING UP TO IT'S UNPREDICTABLE NATURE TO START THE WEEK. PEOPLE IN COLORADO, HOPING FOR WARMER WEATHER TO MELT OFF HEAVY SNOWS THAT FELL OVER THE WEEKEND. BY LATE SUNDAY, SNOWFALL TOTALS TOPPING TWO FEET NEAR THE CONTINENTAL DIVIDE. OTHER PARTS OF THE MOUNTAINS GETTING UP TO FOUR FEET. THE SNOWFALL ALSO CAUSING SCATTERED POWER OUTAGES AND BROUGHT DOWN TREES.
FLOODING IN HOUSTON:
THAT WAS SCENE IN HOUSTON AS STORMS DUMPED UP TO 16 INCHES OF RAIN IN 24 HOURS. ROADWAYS, NEIGHBORHOODS AND HOMES SEEING MASSIVE FLOODING. SCHOOLS WERE CANCELLED AND CITY OFFICES CLOSED AS THE AREA TRIED TO ENCOURAGE FOLKS TO STAY HOME AND STAY SAFE.
RAINS SLOW COTTON PLANTING IN THE SOUTH:
RAINS IN PARTS OF THE SOUTH MAKING COTTON PLANTING SLOW GOING. USDA'S LATEST CROP PROGRESS REPORT SHOWS JUST SEVEN PERCENT COTTON PLANTING IS COMPLETE. IT'S USUALLY 10 BY NOW. IN TEXAS 10 PERCENT IS PLANTED. NONE IN LOUISIANA AND THREE PERCENT IN MISSISSPPI. THE MIDWEST HOWEVER SEEING BETTER WEATHER LAST WEEK, STEPPED ON THE ACCELERATOR FOR CORN PLANTING. 13 PERCENT IS NOW IN THE GROUND. THAT NINE POINTS BETTER THAN LAST WEEK...AND FIVE POINTS AHEAD OF THE FIVE YEAR AVERAGE. IN THE CORN BELT, THE LARGEST INCREASES COMING FROM IOWA AND MINNESOTA WHERE 13 OF THE CROP IS NOW IN THE GROUND. LAST WEEK IT WAS ZERO.
WINTER WHEAT PROGRESS:
WINTER WHEAT IS STARTING TO HEAD, REACHING 12-PERCENT. THAT'S 3 POINTS BEHIND AVERAGE. IN KANSAS -THREE PERCENT, 25-PERCENT IN OKLAHOMA AND 35-PERCENT IN TEXAS. OVERALL WHEAT CONDITION IMPROVED BY A POINT FROM LAST WEEK. THE KANSAS WHEAT CROP HAS BEEN DRY THIS YEAR. MUCH OF THE GROWTH AND DEVELOPMENT HAS BEEN AHEAD OF SCHEDULE BECAUSE OF WARM WEATHER THIS SPRING AND WINTER MONTHS. BUT K-STATE PLANT PATHOLOGIST ERICK DE-WOLF SAYS THE CROP SHOULD BE TWICE AS HIGH RIGHT NOW. PLUS HE'S BEEN SEEING CASES OF SIGNIFICANT DISEASE.  IT'S NOT A MAJOR CONCERN IF DISEASE REMAINS RESTRICTED TO LOWER CANOPY BUT IF IT DOES MOVE TO UPPER LEAVES AT THE TIME THE WHEAT CROP IS JUST ENTERING HEADING STAGE OR GRAIN FILLING STAGE. THAT'S A MAJOR CAUSE OF CONCERN. SO IT'S IMPORTANT GROWERS ARE OUT SCOUTING THEIR FIELDS LOOKING FOR DISEASE AT THIS STAGE, AND IF NEEDED, USE SOME FOLIAR FUNGICIDE THAT COULD HELP SUPRESS FURTHER DEVELOPMENT OF THE DISEASE." OF COURSE, DE-WOLF SAYS GROWERS ARE TRYING TO BALANCE LOWER YIELD POTENTIAL CAUSED BY FREEZE INJURY AND DRY CONDITIONS AGAINST OFFSETTING THE COST OF BATTLING EMERGING DISEASE.
RICE PROGRESS:
RICE IS 48-PERCENT PLANTED, WHICH IS 12 POINTS AHEAD. ALL OF THE MAJOR RICE GROWING STATES ARE AHEAD WITH PLANTING. AND 19-PERCENT HAS EMERGED, RIGHT ON TARGET. IT'S A SHARP CONTRAST FOR LOUISIANA RICE FARMERS. FARMERS IN THE SOUTHERN PART OF THE STATE HAVE COMPLETED THEIR PLANTING FOR THE MOST PART, WHILE THOSE IN THE NORTHERN PART OF THE STATE HAVEN'T STARTED. RECORD RAIN-FALL IN MID-MARCH MESSED-UP PLANTING SCHEDULES IN THE NORTHERN PART OF THE SOUTH, AS WELL AS IN SOUTHERN ARKANSAS. EVEN WHEN THEY GET IT PLANTED, RICE PRICES HAVE STRUGGLE LIKE OTHER GRAINS.
LOUISIANA COULD HAVE POTENTIAL FOR CUBA RICE EXPORT:
HARRELL SAYS ONE POTENTIAL MARKET FOR LOUISIANA RICE IS CUBA. PROXIMITY TO THE ISLAND NATION GIVES LOUISIANA AN ADVANTAGE RELATED TO SHIPPING COSTS WHEN COMPARED WITH PRODUCERS FROM ASIA. FARMERS IN NORTH LOUISIANA HAVE UNTIL THE END OF APRIL TO GET THEIR CROP PLANTED WITHOUT RUNNING THE RISK OF SEEING LOWER YIELDS.
BRAZILIAN PRESIDENT IMPEACHMENT IS SET TO GO TO SENATE:
CONGRESSIONAL VOTE IS MOVING BRAZIL'S PRESIDENT CLOSER TO IMPEACHMENT. BRAZIL'S LAWMAKERS IN THE LOWER HOUSE OF CONGRESS VOTED TO IMPEACH PRESIDENT DILMA ROUSSEFF OVER THE WEEKEND. 367 VOTES CAST IN FAVOR OF IMPEACHMENT, 137 AGAINST. THE IMPEACHMENT MOTION IS SET TO GO TO THE SENATE. IF THE SENATE VOTES ALONG WITH THE LOWER HOUSE, ROUSSEFF MAY BE SUSPENDED AND REPLACED BY THE CURRENT VICE PRESIDENT. REGARDLESS, AG MARKETS ARE TAKING NOTICE.
GMO LABELING BATTLE RAGES ON:
BACK HERE AT HOME, THE DOW JONES IS REPORTING, VERMONT'S ATTORNEY GENERAL IS ASKING A FEDERAL COURT TO FORCE SEED AND FOOD COMPANIES TO SHARE INTERNAL RESEARCH ON GMO CROPS. IT'S PART OF A LEGAL BATTLE AROUND THE STATE'S GMO LABELING LAW SET TO TAKE EFFECT IN JULY. IT'S ASKING COMPANIES LIKE MONSANTO, DUPONT AND SYNGENTA FOR STUDIES OR RESEARCH RELATED TO QUOTE POTENTIAL HEALTH OR ENVIRONMENTAL IMPACTS OF THE CROPS. ON THE FOOD SIDE IT WANTS CONSUMER SURVEY RESEARCH...ON WHAT CONSUMERS THINK ABOUT GMOS. MOST OF THE COMPANIES DECLINED TO COMMENT.
MONSANTO OPPOSES MOTION FOR LABELING:
MONSANTO TELLING DOW JONES, IT PLANS TO OPPOSE THE MOTION AND THAT IT HAS POINTED VERMONT TO A VARIETY OF PUBLIC GOVERNMENT SUBMISSIONS AND STUDIES ON THE SAFETY OF GMO'S.
REMBRANDT TO BUILD CAGE FREE FARM IN SOUTH DAKOTA:
CITING CONSUMER DEMAND, ONE OF THE NATION'S LARGEST EGG PRODUCERS SAYS IT PLANS TO BUILD A NEW CAGE-FREE FARM IN EASTERN SOUTH DAKOTA. REMBRANDT FOODS WILL BUILD THE FACILITY IN LAKE PRESTON, SOUTH DAKOTA. IT WILL HOUSE THREE MILLION EGG-LAYING HENS. THE COMPANY SUPPLIES EGG PRODUCTS TO FOOD MANUFACTURERS, RESTAURANT CHAINS AND RETAIL GROCERS.
COSTCO PLANS TO BUILD POULTRY PLANT:
FIRST IT WAS WALMART PLANNING ITS OWN MILK PLANT, NOW COSTCO ANNOUNCING PLANS TO BUILD A STATE OF THE ART POULTRY PROCESSING FACILITY. THE 180 MILLION DOLLAR INVESTMENT IS PLANNED FOR FREMONT NEBRASKA ON THE EASTERN SIDE OF THE STATE...AND WOULD CREATE 11-HUNDRED NEW JOBS. COSTCO SAYS WHEN RUNNING THE COMPANY WILL PURCHASE 300,000 BUSHELS OF CORN AND 3,000 TONS OF SOYBEAN MEAL A WEEK FROM LOCAL PROVIDERS.

CROP COMMENTS:
CROP COMMENTS IS BROUGHT TO YOU BY RESICORE HERBICIDE FROM DOW AGROSCIENCES. CINDI CLAWSON IS FILLING IN FOR MIKE HOFFMAN THIS WEEK.LET'S TURN TO HER FOR THIS MORNING'S CROP COMMENTS. CINDI. GOOD MORNING, CLINTON. LET'S START OFF IN SAC COUNTY, IOWA. JEFF FRANK SAYS HE'S HAULTING PLANTING FOR THE DAY DUE TO RAIN IN HIS AREA. JEFF IS OK WITH THAT, HE SAYS THE RAIN IS NEEDED.
DROUGHT MONITOR:
ACCORDING TO THE DROUGHT MONITOR, NONE OF THE STATE IS IN ANY DROUGHT. HALF OF THE STATE WAS ABNORMALLY DRY LAST YEAR AT THIS TIME. OVER IN WESTERN TENNESSEE, JEFF STEWART SAYS HE'S PLANTED A HANDFUL OF DAYS OVER THE LAST TWO WEEKS. BUT HE MAY NEED TO PUT PLANTING ON HOLD AS WELL. THERE'S A POSSIBILITY OF RAIN IN HIS FORECAST THIS WEEK. AND NOW HERE ARE SOME HOMETOWN TEMPS.
TEASE:
ALRIGHT WHEN WE RETURN, A LOOK AT THE ENERGY MARKET FOLLOWING OPEC'S GATHERING OVER THE WEEKEND AND WE'LL TALK ABOUT WHAT'S GOING ON IN THE DAIRY BUSINESS. AND LATER, GENERATIONS BEFORE HAVE WORKED TO SECURITY THIS WISCONSIN DAIRY'S LEGACY.WE'LL MEET GENERATION FIVE AND SIX TODAY ON IN THE COUNTRY.
MONEY GOES BACK TO THE U.S. GRAIN MARKETS:
AS WE MENTIONED IN ANNALYSIS MONDAY, HEDGE FUNDS AND COMMODITY TRADERS ARE POURING MONEY BACK INTO THE U.S. GRAIN MARKETS. OPEN INTEREST IN SOYBEAN FUTURES CLIMBED TO AN ALL-TIME HIGH OF 860,000 CONTRACTS LAST WEEK. THAT'S A 23 PERCENT SURGE FROM THE PREVIOUS MONTH. ALSO, LAST WEDNESDAY, TRADING VOLUME IN CORN AND SOYBEANS HIT THEIR HIGHEST LEVEL EVER. A DROP IN THE U.S. DOLLAR INDEX AND STRONGER CRUDE OIL FUTURES BROUGHT TRADERS BACK TO GRAIN MARKETS.
OIL PRICES SLUMP:
CRUDE OIL SLUMPING DURING TRADE MONDAY FOLLOWING OPEC MEETINGS OVER THE WEEKEND. MAJOR OIL PRODUCING NATIONS FAILING TO AGREE ON AN OUTPUT FREEZE. MEMBERS OF OPEC MEETING IN QATAR WHERE TENSIONS HELD HIGH BETWEEN SAUDI ARABIA AND IRAN. IRAN PLANNING TO CONTINUE INCREASING ITS OIL OUTPUT.
FROM THE FLOOR OF THE CME:
LETS SEE HOW MARKETS STACKED UP MONDAY...WE GET PERSPECTIVE STRAIGHT FROM THE FLOOR. HI GRAIN MARKETS TRADING HIGHER HERE TODAY. GRAINS SEEMED TO BE LEAD BY THE CHICAGO WHEAT MARKET AND THAT'S THE INDICATION THAT ITS PRIMARILY THE FUNDS DOING THE BUYING AND FUNDS HAVE BEEN HEAVILY SHORT. SO THEY'RE COVERING SHORTS RIGHT NOW IN THE WHEAT MARKET AND THAT'S LEADING TO SOME SPILLOVER SUPPORT IN SOME OF THESE OTHER MARKETS AS WELL. CORN MARKET ALSO TRADING HIGHER. THIS IS JACK SCOVILLE I'M VICE PRESIDENT OF PRICE FUTURES GROUP HERE AT THE CME GROUP WITH SOME COMMENTS ON THE MARKET FOR THE DAY.
AGRIBUSINESS:
 JOINING US HERE AT THE AGRIBUSINESS DESK WE HAVE  NAOMI BLOOHM STEWART PETERSON NAOMI LET'S TALK ABOUT THE MILK MARKET  WE'VE BEEN WATCHING THIS WAITING FOR SOME SORT OF CHANGE MAYBE WE COULD SEE PRICES STRENGTHEN AT SOME POINT THIS YEAR WHAT DO YOU THINK NOW?>> LOOKING FOR MORE OF A SIDEWAYS PATTERN YET>> OKAY>> 13.25 CONTINUES TO BE REALLY GOOD SUPPORT 14 DOLLARS IS RESISTANCE LET'S TALK ABOUT THE SUPPLY SIDE OF THINGS FIRST HERE
NATIONAL WEATHER:
WELCOME BACK TO AGDAY. CINDI CLAWSON IN FOR MIKE HOFFMAN TODAY. CINDI, WE HAD A WEIRD WEEKEND AS FAR AS WEATHER GOES. WHAT ABOUT THIS WEEK? YEAH, AND IT'S STILL GOING TO BE A LITTLE BIT ON THE WACKY SIDE OVER THE NEXT COUPLE OF DAYS. THAT STORM SYSTEM HAS NOT MADE MUCH MOVEMENT. THAT'S WHAT CAUSED ALL OF THIS SNOW IN THE ROCKIES AND ALL OF THE RAIN ON THE SOUTHERN SIDE OF THAT FRONT. WE'VE BEEN HEARING ABOUT HOUSTON AND 20 INCHES OR MORE OF RAIN. IT'S BEEN REALLY, REALLY BAD. SO, LET'S TAKE A LOOK AT THE MAP AND SEE WHAT WE HAVE GOING ON TODAY. WE'VE HAD THIS RIDGE OF HIGH PRESSURE IN THE EASTERN PART OF THE COUNTRY.
REGIONAL WEATHER:
THAT'S A LOOK AT YOUR NATIONAL FORECAST. NOW LET'S CHECK ON SOME LOCAL CITIES. BAKERSFIELD, CALIFORNIA IS SUNNY AND WARM FOR YOU TODAY WITH A HIGH OF 89 DEGREES. NEW BLOOMFIELD, MISSOURI IS COOLER WITH SHOWERS AND THUNDERSTORMS. A HIGH OF 69 DEGREES. ATKINS, GEORGIA, HAS ABUNDANT SUNSHINE WITH A HIGH OF 84.
TEASE:
WE'LL CONTINUE TO TALK DAIRY WHEN WE COME BACK WITH OUR DAIRY REPORT. AND LATER, WISCONSIN HAS A LONG HISTORY WITH THE DAIRY INDUSTRY. WE'LL MEET THE FIFTH AND SIXTH GENERATION FAMILY WORKING TO PRESERVE THE LEGACY OF THEIR FARM.
HERD SIZE DOWN BUT OUTPUT PER COW UP:
IN OUR DAIRY REPORT FROM OUR PARTNERS AT DAIRY HERD MANAGMENT AND MILK, USDA SAYS THE NUMBER OF MILK COWS IN THE U.S. ROSE SLIGHTLY IN 2015. IT’S FINALLY TALLY PUTTING THE HERD SIZE AT 9 POINT 3 MILLION HEAD. THAT'S ABOUT EQUAL TO WHAT IT WAS IN 2008. HOWEVER OUTPUT PER COW CONTINUES AT A BLISTERING PACE...UP 88 PERCENT SINCE 1980. COWS GIVING AN ANNUAL AVERAGE 22-THOUSAND 393 POUNDS EACH IN 2015... A NEW RECORD HIGH.
EXECUTIVE ORDER TO SHIELD IMMIGRANTS BEING BATTLED IN THE SUPREME COURT:
IMMIGRATION LAW --A SHARP FOCUS OF THE DAIRY INDUSTRY --GETTING TIME WITH THE NATION'S HIGHEST COURT. JUSTICES HEARING ARGUMENTS ON THE PRESIDENT'S EXECUTIVE ORDERS SHIELDING UNDOCUMENTED IMMIGRANTS FROM DEPORTATION AND GIVING THEM THE RIGHT TO WORK IN THE U.S. LEGALLY. TEXAS AND 25 OTHER STATES SUING OVER THE ORDER. THE PRESIDENT'S ADMINISTRATION NEEDING TO WIN A MAJORITY DECISION IN ORDER TO OVERRIDE A LOWER COURT DECISION--WHICH SAID THE CHANGES COULD NOT BE MADE WITHOUT CONGRESS.
PRICE DIP IN DRY MILK:
ON THE DAIRY PRODUCTS SIDE, NONFAT DRY MILK WORKING TO OVERCOME A RECENT PRICE DIP. CME SPOT PRICES FOR NONFAT DRY MILK DIPPING TO 69 CENTS A POUND RECENTLY. A LOW THAT'S ONLY BEEN SEEN NOW TWICE IN 4 DECADES. USDA SAYS NON FAT DRY MILK PRODUCTION HAS BEEN HEAVY AND BUYERS ARE PRESSING SELLERS FOR DISCOUNTS. IN FEBRUARY THE U.S. PRODUCED NEARLY 185 MILLION POUNDS--ABOUT 4 PERCENT LARGER THE PREVIOUS MONTH.
TEASE:
EXPORTS HOWEVER WERE AT AN ALL TIME HIGH FOR THE MONTH. STILL TO COME WE VISIT A DAIRY OPERATION THAT HAS A WOMAN'S TOUCH. IN THE COUNTRY IS NEXT.
IN THE COUNTRY:
WOMEN PLAY A HUGE ROLE IN THE SUCCESS OF WISCONSIN'S 46 BILLION DOLLAR DAIRY INDUSTRY. IN THIS VIDEO PROVIDED BY THE WISCONSIN MILK MARKETING BOARD, WE'LL SHOW YOU HOW THE FIFTH AND SIXTH GENERATIONS OF THE OLM FAMILY ARE ADDING TO PINE RIVER DAIRY'S SUCCESS. PINE RIVER DAIRY MAY BE WELL-KNOWN IN THE DAIRY INDUSTRY FOR CRAFTING BUTTER AND BUTTER BLENDS, BUT THERE'S A LITTLE UNKNOWN DETAIL ABOUT THE SMALL FACTORY. "WE HAVE 20 EMPLOYEES, AND THREE OF THEM ARE MEN. AND THEY ARE THE STECKER BROTHERS THAT HAVE BEEN WITH US…SOME OF THEM HAVE BEEN WITH US FOR 21-22 YEARS. WHAT THAT MEANS IS THE FIFTH AND SIXTH GENERATION OF BUSINESS OWNERS, AND THE MAJORITY OF PLANT WORKERS, ARE WOMEN.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CINDI CLAWSON. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
IM CLINTON GRIFFITHS. COMING UP WEDNESDAY ON AGDAY...OUR I80 PLANTING TOUR HEADS TO EASTERN IOWA WHERE FARMERS ARE JUST STARTING TO PLANT...AS WARM WEATHER HEATS UP SOIL TEMPERATURES. ALL THAT AND A LOOK AT ENERGY MARKETS. JOIN ME WEEK DAYS FOR AGDAY.

 

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