AgDay Daily Recap -April 20, 2016

April 20, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 20, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -GRAINS RALLY AS WE TAKE ANOTHER STOP ALONG THE I-80 PLANTING TOUR. "EASTERN IOWA IS SEEING A WARM WINDOW AND FARMERS ARE TAKING ADVANTAGE. I'LL HAVE OUR I80 PLANTING REPORT AHEAD ON AGDAY. " IN AGRIBUSINESS...A CHECK ON ENERGY MARKETS. "IT'S A VERY VOLATILE TRADE IT'S THE REASON THEY CALL THE GASOLINE TRADE GASINO AS IN CASINO."
FLORIDA ORANGE GROWERS REVEAL THE STAGGERING IMPACTS OF CITRUS GREENING. AND REINING IN A RESCUE...AS THIS HORSE AND RIDER SWIM TO SAFETY NEAR HOUSTON.
 SOYBEAN FUTURES:
GOOD MORNING I'M CLINTON GRIFFITHS. SOYBEAN PLANTING IS YET TO SEE A LOT OF PROGRESS NATIONWIDE, HOWEVER MARKETS ARE MOVING STEADILY HIGHER IN THE MONTH OF APRIL. OVER THE LAST TEN DAYS, NEW CROP SOYBEANS--NOVEMBER FUTURE'S CONTRACTS--HAVE RISEN ROUGHLY 70 CENTS AT THE CME IN CHICAGO....INCHING EVER CLOSER TO THE 10 DOLLAR PER BUSHEL MARK.  A WEAKER U.S. DOLLAR AND WORLD WEATHER CONCERNS ALONG WITH OUTSIDE MONEY HELPING PUSH PRICES TO FRESH 8 MONTH HIGHS. MUCH OF THE DRIVE HIGHER COMING FROM POLITICAL TURBULENCE IN BRAZIL AND POUNDING RAINS IN ARGENTINA...WHERE SOME ANALYSTS FORECAST THE SOYBEAN CROP MAY FALL BY 3 OR 4 MILLION METRIC TONS.
STATE ISSUED REPORTS PROJECT SOYBEAN PLANTING, THOUGH IT IS STILL TOO EARLY FOR NATIONAL LOOK:
IT'S STILL TOO EARLY IN THE SEASON FOR A NATIONAL LOOK AT SOYBEAN PLANTINGS, HOWEVER THERE ARE STATE-ISSUED REPORTS. THROUGHOUT THE SOUTH, SOYBEAN PLANTINGS AND EMERGENCE ARE RUNNING SLIGHTLY BEHIND. LOUISIANA FARMERS WILL PLANT ABOUT A MILLION ACRES OF SOYBEANS BUT ONLY 13-PERCENT IS IN THE GROUND. NINE POINTS BEHIND AVERAGE. MISSISSIPPI WILL SEE TWO MILLION ACRES OF SOY. IT'S PLANTING REACHED 19PERCENT, JUST A ONE POINT BEHIND AVERAGE. ARKANSAS COULD SEE THREE MILLION ACRES OF BEANS. PLANTING REACHED 12-PERCENT -TWO POINTS AHEAD OF AVERAGE.  CORN PRICES ALSO SPENDING MUCH OF TUESDAY IN THE GREEN, FOLLOWING THE LATEST PLANTING PROGRESS NUMBERS FROM USDA.
MISSOURI LEADS THE WAY FOR CORN PLANTING:
THE STATE OF MISSOURI IS LEADING THE WAY AS IT PERTAINS TO CORN PLANTING. AS OF MONDAY 58-PERCENT IS IN THE GROUND. THAT'S 37 POINTS AHEAD OF THE FIVE YEAR AVERAGE. FROM THE AGDAY "DRONE ZONE", WE SEE FARMER JOSH MOENKHOFF (MONKOFF) IS ONE OF THOSE FARMERS MAKING SHORT-ORDER OF HIS CORN PLANTING. HE FARMS IN THE MISSOURI RIVER BOTTOMS NEAR OREGON, MISSOURI. HE SAYS PLENTY OF HIS NEIGHBORS HAVE FINISHED WITH CORN. OTHERS WERE WAITING FOR SOME MOISTURE. HE'S ALREADY SEEING SOME BEANS GOING-IN.
I-80 PLANTING TOUR:
IOWA FARMERS ARE PUTTING THEIR PLANTERS IN THE FIELD THIS WEEK AT A RAPID PACE. USDA SAYS 13 PERCENT OF CORN ACRES ARE PLANTED IN IOWA, 10 POINTS ABOVE THE FIVE-YEAR AVERAGE. NATIONAL REPORTER BETSY JIBBEN REPORTS ON THE FAST START IN EASTERN IOWA IN THIS WEEK'S I-80 PLANTING TOUR REPORT.  "EASTERN IOWA IS EXPERIENCING A NICE, WARM STRETCH OF DAYS, GIVING FARMERS THE OPPORTUNITY TO GET IN THE FIELDS," THE SIGN OF A NEW SEASON...STRETCHING OUT AND GETTING READY TO CONQUER ANOTHER FIELD BEFORE A MID-WEEK RAIN. IN MY WORDS, IN MY TERMS, IT'S TIME TO PLANT CORN," IT'S QUITE THE DIFFERENCE FROM THE SNOW, SLEET AND RAIN EARLIER THIS MONTH.
BOTH OF THESE FARMERS SAY THEY DON'T JUST LIVE OFF INCOME FROM THE FARM. JUDISCH IS ALSO JOHN DEERE REPRESENTATIVE. DIRKS ISOLATES WHEAT FOR A DAIRY AND WORKS FOR A CHEMICAL COMPANY, RAISING REGULATED GENETIC SEED PLOTS. BOTH SAY THE OTHER INCOMES ARE HELPING DURING THIS PERIOD OF LOWER PAY.
TPP:
POLITICO REPORTING THE TRANS PACIFIC PARTNERSHIP MAY HAVE LIFE IN CONGRESS. HOUSE WAYS AND MEANS COMMITTEE CHAIR KEVIN BRADY SAYS ACTION IS POSSIBLE IF THE OBAMA ADMINISTRATION CAN RESOLVE CONCERNS LAW MAKERS HAVE WITH THE DEAL. HE'S PUTTING THE BALL BACK IN THE U-S TRADE REPRESENTATIVE'S OFFICE TO COME UP WITH SOLUTIONS. THE HANG-UP'S INCLUDE THINGS LIKE PHARMACEUTICALS, FINANCIAL SERVICES, TOBACCO AND OTHER'S. BRADY ADMITS THERE ARE NOW EASY FIXES. 
CUBAN TRADE DELEGATION TO VISIT U.S.:
A TRADE DELEGATION FROM CUBA IS VISITING THE UNITED STATES THIS WEEK. THE GROUP HERE LOOKING AT THE ADVANTAGES OF BUYING U.S. COARSE  GRAINS AND CO-PRODUCTS. THE DELEGATION INCLUDES GRAIN IMPORTERS AND OFFICIALS FROM CUBA, WHICH HAS PURCHASED CORN FROM THE U.S. SINCE THE EARLY 2000'S. THE U.S. GRAINS COUNCIL SAYS IF CUBA HAD BEEN ABLE TO PURCHASE ALL ITS CORN FROM THE UNITED STATES, IT WOULD BE THE TENTH LARGEST OVERSEAS MARKET FOR THE PRODUCT.
CROP COMMENTS:
CINDY CLAWSON JOINING US ONCE AGAIN THIS WEEK...IN FOR MIKE HOFFMAN. SHE HAS OUR CROP COMMENTS. CINDY. WE BEGIN CROP COMMENTS IN TEXAS WHICH HAS BEEN INUNDATED WITH RAIN. AARON MARTINKA TWEETED THIS PHOTO OF HIS DROWNED-OUT CORN FIELDS IN BUCK-HOLTS, TEXAS. THAT'S BETWEEN TEMPLE AND COLLEGE STATION. AARON SAYS THEY RECEIVED EIGHT AND A HALF INCHES OF RAIN IN SEVEN HOURS. AND FROM TIPTON COUNTY, TENNESSEE, JEFF STEWART SAYS THEY PLANTED FOUR DAYS OUT OF THE PAST TWO WEEKS.
TEASE:
UP NEXT WE'LL LOOK AT MARKETS AND WHAT TO EXPECT IN THE ENERGY SECTOR IN THE COMING MONTHS NOW THAT THE OPEC COUNTRIES FAILED TO AGREE ON SLOWING PRODUCTION. IMAGINE IF IOWA LOST ELEVEN MILLION ACRES OF CORN TO DISEASE? ORANGE GROWERS IN FLORIDA ARE FACING THAT AMOUNT OF DEVASTATION. WE'LL HAVE THE STAGGERING DATA. AND DRAMA UNFOLDS IN TEXAS AS RESCUERS TRY TO SAVE HORSES SURROUNDED BY RISING FLOODWATER.
FROM THE FLOOR OF THE CME:
IN AGRIBUSINESS WE STARTED BY TALKING ABOUT THE PRICE RALLY THIS WEEK, LETS SEE HOW IT LOOKED FROM THE FLOOR OF THE CME IN CHICAGO. IT'S BEEN A PRETTY WILD DAY AGAIN IN THE GRAIN MARKETS WITH ALL THE MARKETS TRADING HIGHER. SOYBEANS LEADING THE WAY HIGHER AND REALLY REACTING TO NEWS THAT 105,000 TONS OF U.S. SOYBEAN MEAL WAS SOLD TO UNKNOWN DESTINATIONS. WE ALSO HAD SOME BIG CORN SALES TOO. ALTHOUGH CORN HAS STRUGGLED A LITTLE BIT MORE WITH THE RALLY TO THE UPSIDE.  THIS IS JACK SCOVILLE, I'M VICE PRESIDENT OF PRICE FUTURES GROUP, HERE ON THE CME GROUP FLOOR IN CHICAGO WITH SOME COMMENTS FOR THE MARKET TODAY.
AGRIBUSINESS:
<HERE AT THE AGRIBUSINESS DESK WE HAVE PETE MEYER WITH PIRA ENERGY PETE LET'S TALK ABOUT THE OIL MARKET OBVIOUSLY THAT'S SOMETHING WE'VE WATCHED AND IT IMPACTS ALL OF OUR COMMODITIES REALLY DOESN'T IT?>>  SURE, SURE IT DOES AND I THINK WE'VE FOUND A STABLE PRICE HERE AROUND 40 DOLLARS. >> OKAY>> PIRA TALK TO GARY ROSS OUR CHAIRMAN HE WAS CALLING FOR A LOW TO PUT IN THE FIRST QUARTER SO FAR IT STOOD UP CAN IT TRADE UP TO 50 SURE CAN YOU TRADE THAT BACK DOWN TO 30 SURE BUT IT DOES SEEM LIKE 40 DOLLARS SEEMS LIKE A REASONABLE PRICE THE THING THAT WE SEE IS THAT AND I KNOW THIS IS PROBABLY A LITTLE BIT TO TECHNICAL BUT THERE'S THIS SPREAD BETWEEN GASOLINE AND HEATING OIL OR DIESEL FUEL HAS REALLY WIDENED OUT>> OKAY>> AND WE BELIEVE THAT'S BECAUSE THERE'S A TREMENDOUS GLUT OF HEATING OIL AROUND WE HAD WHERE I LIVE IN THE EAST COAST WE HAD A VERY VERY BENIGN WINTER DIDN'T REALLY HAVE A LOT OF DEMAND FOR IT SO NOW AS WE'RE FINALLY START TO SHIFT OVER TO REFINED GASOLINE FOR THE SUMMER MONTHS THAT SPREAD HAS WIDENED.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY CINDI CLAWSON IN TODAY. CINDI LOOKING AT THIS FRONT HERE DOWN SOUTH. IT REALLY ISN'T MOVING VERY FAST. NO AND IT HASN'T. IT'S BEEN ALMOST STALLED AND JUST REALLY INCHING ALONG AND THAT'S JUST CAUSING THE PROBLEM. ITS DUMPED ALL OF THIS RAIN BECAUSE IT'S MADE VERY LITTLE MOVEMENT OVER THE PAST SEVERAL DAYS AND THERE'S BEEN PRETTY OF MOISTURE AVAILABLE. HERE'S A LOOK AT THE MAPS AND YOU CAN SEE THE LOW PRESSURE SYSTEM THAT IS AFFECTING PARTS OF NEBRASKA AND KANSAS WITH THE COLD FRONT STRETCHING ALL THE WAY DOWN THROUGH TEXAS. AND THAT COLD FRONT ISN'T GOING TO BE MAKING MUCH MOVEMENT OVER THE NEXT 24 TO 36 HOURS. BELOW THE NORTHERN END OF THIS IS GOING TO BE MOVING A LITTLE FURTHER EAST. SO WE'RE GOING TO STAT SEEING THAT RAIN SPREAD THROUGH PARTS OF THE CENTRAL AND EVENTUALLY THE EASTERN CORN BELT.
REGIONAL WEATHER:
THAT'S A LOOK AT YOUR NATIONAL FORECAST. NOW LETS CHECK OUT SOME LOCAL CITIES. JOSEPH CITY ARIZONA SUNNY AND WARMER FOR YOU TODAY WITH A HIGH TEMPERATURE OF 78 DEGREES. ELKTEN, KENTUCKY SHOWERS AND THUNDERSTORMS ESPECIALLY LATER TONIGHT. HIGH TEMPERATURES IN THE UPPER 70'S WINTHROP MAINE LOTS OF SUNSHINE FOR YOU WITH A HIGH OF 56 DEGREES.
TEASE:
THE CITRUS GREENING CRISIS CONTINUES TO DEEPEN IN FLORIDA'S ORANGE GROVES. WE'VE GOT AN UPDATE ON HOW MANY TREES HAVE BEEN INFECTED. PLUS A DARING RESCUE IN TEXAS -TO SAVE TRAPPED HORSES FROM CERTAIN DEATH. GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.
CITRUS GREENING CONTINUES TO DESTROY ORANGE GROVES:
THE CHALLENGES FOR THE FLORIDA ORANGE INDUSTRY CONTINUE TO MOUNT.  THE STATE'S CITRUS GROWERS SAY 80 PERCENT OF THEIR TREES ARE NOW INFECTED WITH THE CITRUS GREENING DISEASE.
THAT COVERS ABOUT 90 PERCENT OF THE STATE'S ACREAGE. GROWERS TELL RESEARCHERS AT THE UNIVERSITY OF FLORIDA THAT YIELDS ARE NOW DOWN MORE THAN 40 PERCENT.  CITRUS GREENING FIRST SHOWED UP IN 2005. THE DISEASE STARVES THE TREE OF NUTRIENTS, DAMAGES ITS ROOTS AND CAUSES FRUIT TO BE SMALL AND MISSHAPEN.  UF RESEARCHERS SAY THE STATE HAS LOST NEARLY 8 BILLION DOLLAR IN REVENUE, 162-THOUSAND ACRES AND 75-HUNDRED JOBS.
PEANUT DONATION MAY DO MORE HARM THAN GOOD IN HAITI:
SUBSISTENCE FARMERS IN HAITI ARE WORRIED ABOUT SHIPMENTS OF U-S PEANUTS SHOWING-UP AT THEIR PORTS. USDA JUST ANNOUNCED 500 METRIC TONS OF SURPLUS AMERICAN PEANUTS WILL GO TO HAITI TO FEED MALNOURISHED SCHOOL-CHILDREN.  BUT NOW THERE'S DEBATE IN THAT COUNTRY ON WHETHER IT'S A HUMANITARIAN NECESSITY OR COUNTER-PRODUCTIVE TO HAITI'S FARMERS. CRITICS SAY PEANUTS ARE ONE OF THE FEW CASH CROPS IN THAT COUNTRY. THEY SAY U-S SUPPLY WILL SINK DOMESTIC PRICES EVEN FURTHER. THE U-N FOOD AGENCY SAYS THE AMERICAN DONATION REPRESENTS ONLY ONEAND-A HALF PERCENT OF ANNUAL PEANUT PRODUCTION IN HAITI. 
NUT THIEVES POSE AS DELIVERY DRIVERS IN CALIFORNIA:
AS IF WEATHER WEREN'T ENOUGH OF A CHALLENGE, NUT FARMERS IN CALIFORNIA NOW MUST BE ON HIGH ALERT FOR THEFT. NEW REPORTS SAY SOPHISTICATED CRIMINAL ORGANIZATIONS ARE STEALING IDENTITIES AND FALSIFYING PAPERWORK TO POSE AS TRUCK DRIVERS...AND THEN MAKING OFF WITH FULL LOADS OF ALMONDS, WALNUTS OR PISTACHIOS. SOME OF THESE SHIPMENTS WORTH 150 TO 500 THOUSAND DOLLARS. "CARGO-NET" REPORTS NUT THEFTS HIT AN ALL TIME HIGH LAST YEAR WITH MORE THAN 4 AND A HALF MILLION DOLLARS STOLEN. THE FBI SAYS IT CAN'T COMMENT DUE TO ONGOING INVESTIGATIONS. THE INDUSTRY IS MEETING WITH LAW ENFORCEMENT HOPING TO STEM THE MASSIVE LOSSES.
TEASE:
STILL TO COME, HISTORIC FLOODING RETURNS TO SOUTHERN TEXAS WHERE THIS HORSE AND RIDER WERE CAUGHT IN THE CURRENT. THEIR STORY...AFTER THE BREAK.
IN THE COUNTRY:
AMONG THE DEVASTATION IN THE HOUSTON AREA FROM RELENTLESS RAIN,  THERE IS AT LEAST ONE POSITIVE OUTCOME. THE FAST-MOVING WATER QUICKLY SURROUNDED A STABLE IN HARRIS COUNTY JUST OUTSIDE OF HOUSTON. COUNTY DEPUTIES TRIED USING BOATS TO REACH THE HORSES WHO WERE UP TO THEIR NECK IN WATER. ALL THIS WHILE HUNDREDS OF ON-LOOKERS WATCHED THE HORSE STRUGGLE TO KEEP SWIMMING. WATCH THIS DRAMA UNFOLD AS ONE RESCUER GOT INTO THE WATER TO HELP GUIDE THE HORSE TO LAND. HOW DO YOU GET A HORSE OUT OF WATER..... YOU HAVE TO CONVINCE HIM YOUR IDEA IS THE BEST. THIS ONE IS REAL STUBBORN. BOOMER HAS … IS BLIND IN HIS RIGHT EYE, HALF BLIND IN HIS LEFT. HE WAS FIGHTING ME, HE THOUGHT HE COULD GET US OUT OF THERE THE BEST AND I THOUGHT I COULD GET US OUT OF THERE THE BEST, SO WEREN'T REALLY ON THE SAME PAGE. EVENTUALLY WE BOTH STARTED FIGHTING FOR THE SHORE AND WE FIGURED IT OUT TOGETHER."
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR BETSY JIBBEN AND CINDI CLAWSONMIKE. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. THURSDAY ON AGDAY - OUR PARTNERS AT DROVERS HAVE THE LATEST NEWS FROM THE CATTLE INDUSTRY. WE'LL HAVE AN ECONOMIC HEALTH-CHECK ON THE NATION'S HEARTLAND.AND CINDI CLAWSON IS HERE WITH YOUR MID-WEEK PLANTING FORECAST. WATCH US WEEKDAYS ON AGDAY.
 

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