AgDay Daily Recap -April 25, 2016

April 25, 2016 02:57 AM
 

TODAY ON AGDAY
APRIL 25, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -PRESIDENTIAL POLITICS AND THE POLITICS OF CLIMATE. PLUS COULD THIS RENEWABLE CROP BE FUEL OF THE FUTURE? I'M CHARLES DENNEY. THE HARVEST OF A VERY TALL AG CROP. FROM FOREST TO FUEL AND YOU'LL BE AMAZED HOW QUICKLY IT GREW. IN AGRIBUSINESS...BREAKING DOWN LAST WEEK'S PRICE ACTION? MACHINERY PETE CHECK IN ON CLASSIC TRUCKS AT AUCTION. AND AG FOR YOUR HEALTH, AS MISSOURI DOCTORS LOOK BEYOND THE BOOKS TO THEIR PATIENTS FOR TEACHING.
PRESIDENTIAL CANDIDACY COULD BE DECIDED IN INDIANA PRIMARY:
GOOD MORNING I'M CLINTON GRIFFITHS. THE STATE OF INDIANA -WITH ITS STEEP AGRICULTURAL ROOTS -DOESN'T OFTEN PLAY A ROLE IN PRESIDENTIAL POLITICS SINCE ITS PRIMARY COMES SO LATE INTO THE SEASON. BUT THIS YEAR COULD BE DIFFERENT. SINCE NEITHER LEADING CANDIDATE HAS COLLECTED THE REQUIRED AMOUNT OF DELEGATES, CANDIDATES FROM BOTH SIDES ARE RAMPING-UP EFFORTS IN ADVANCE OF THE MAY 3RD PRIMARY. AND WITHOUT FORMALLY ENDORSING A CANDIDATE, THE INDIANA CORN GROWERS ASSOCIATION AND THE INDIANA SOYBEAN ALLIANCE RELEASED A CANDIDATE SCORECARD.
IT OUTLINES THE POSITIONS OF THE REPUBLICAN AND DEMOCRATIC PRESIDENTIAL CANDIDATES ON FIVE MAJOR AG ISSUES WHICH HAVE NATIONAL IMPLICATIONS. ICGA AND ISA REVIEWED PUBLIC STATEMENTS, SURVEY RESPONSES, SPONSORED LEGISLATION AND SOCIAL MEDIA STATEMENTS TO FIND POSITIONS ON FIVE ISSUES: THE RENEWABLE FUEL STANDARD, THE FARM BILL, THE TRANSPACIFIC PARTNERSHIP TRADE AGREEMENT,, LEGISLATION REPEALING WOTUS RULE, AND VOLUNTARY GMO LABELING LEGISLATION. YOU CAN TAKE A CLOSER LOOK AT THE SCORECARD AT INDIANA-SOYBEAN-DOTCOM.
WOTUS:
 THE "WOTUS" ISSUE CONTINUES TO BE CONTENTIOUS. THE SENATE FAILED TO PASS A MEASURE THAT WOULD BLOCK THE CLEAN WATER ACT RULE, BY NOT FUNDING THE BILL. THE SENATE VOTED 56-TO-42 TO ATTACH THE AMENDMENT TO THE CORPS OF ENGINEERS FUNDING BILL. BUT IT NEEDED 60 VOTES.
TPP:
ANOTHER ISSUE ON THE SCORE CARD WAS SUPPORT FOR THE TRANS PACIFIC PARNTERSHIP. OF THE FIVE LEADING CANDIDATES, ONLY JOHN KASICH SEEMS TO SUPPORT T-P-P. MEANWHILE IN OTHER TRADE NEWS, BRITISH PRIME MINISTER DAVID CAMERON SAID ON FRIDAY THAT HE AND PRESIDENT OBAMA ARE "DETERMINED" TO ACHIEVE A TRADE DEAL BETWEEN THE EUROPEAN UNION AND THE UNITED STATES.
OBAMA SAYS THE UNITED KINGDOM IS AT ITS BEST WHEN IT IS LEADING A STRONG EUROPE AS PART OF THE E-U. OBAMA SAYS THE SINGLE ECONOMIC MARKET BRINGS "EXTRAORDINARY ECONOMIC BENEFITS" TO BRITISH CITIZENS. OBAMA SAY THAT, IN TURN, IS GOOD FOR THE U.S. CAMERON ECHOES THOSE SENTIMENTS.
CLIMATE CHANGE:
170 COUNTRIES -INCLUDING THE U-S -SIGNING THE PARIS AGREEMENT ON CLIMATE CHANGE FRIDAY. SECRETARY OF STATE JOHN KERRY SIGNED THE PACT, WHICH IS MOSTLY SYMBOLIC. THOUGH SIGNED, EACH COUNTRY'S LEGISLATURE MUCH STILL VOTE TO FORMALLY AGREE TO THE AGREEMENT. THE PARIS DEAL ATTEMPTS TO CUT GREENHOUSE GAS EMISSIONS THAT IMPACT THE GLOBAL AVERAGE TEMPERATURE.
TENNESSEE TREE HARVEST PROVIDES RESEARCH PORTFOLIO:
WE DON'T OFTEN THINK OF TREES AS A TIMELY FEEDSTOCK FOR RENEWABLE FUELS. AFTERALL THEY TAKE YEARS TO GROW TO HARVEST SIZE. HOWEVER, RESEARCHERS AT THE UNIVERSITY OF TENNESSEE MAY BE ONTO SOMETHING. IN THIS REPORT PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE, CHARLES DENNEY REPORTS ON A QUICK-GROWING FOREST THAT COULD BE PART OF THE AGRICULTURAL LANDSCAPE.
PLAN IS TO FIND WAY TO CONVERT WOOD, CROPS INTO FUEL AND MATERIALS:
A CROP THAT TOOK FIVE YEARS TO GROW COMES DOWN IN MINUTES, COURTESY OF THIS POWERFUL MACHINE. BUT IN THIS HARVEST THE PLANTS ARE TALLER THAN YOUR USUAL AGRICULTURAL PRODUCT – 40 FEET IN SOME INSTANCES. A TEN ACRE STAND OF HYBRID POPLAR TREES, PLANTED IN 2011, IS CUT AND MADE INTO CHIPS. CALL IT SHORT ROTATION FORESTRY. IT'S IMPORTANT FOR US TO HAVE REALLY A PORTFOLIO OF CROPS OF THIS CELLULOSIC BIOMASS." DR. TIM RIALS IS DIRECTOR OF UT'S CENTER FOR RENEWABLE CARBON. THE CRC'S MISSION IS TO DEVELOP NEW PROCESSES THAT CONVERT WOOD AND CROPS INTO FUELS, CHEMICALS AND OTHER MATERIALS. THIS POPLAR FOREST OFFERS A GLIMPSE OF THE FUTURE, AND A POSSIBILITY FOR TENNESSEE LANDOWNERS. JUST ONE ACRE OF THESE TREES COULD PRODUCE SIX TO SEVEN TONS PER YEAR OF WOODY BIOMASS PRODUCTS. "ONE OF THE APPEALS OF POPLAR IN WOODY CROPS IS MAYBE A FLEXIBILITY ASPECT TO IT. SO CERTAINLY THEY COULD BE DIRECTED OR REDIRECTED TO PULP OR PAPER OR OTHER KINDS OF PRODUCTS WITH SIMPLE CHANGES IN SPACING AND OTHER MANAGEMENT PRACTICES."
RESEARCH EFFORT FUNDED BY USDA:
"THIS HARVEST IS PART OF A FIVE YEAR, 15 MILLION DOLLAR RESEARCH EFFORT FUNDED BY THE USDA. NUMEROUS PARTNERS ARE INVOLVED WITH UT'S INSTITUTE OF AGRICULTURE. AMONG THEM, GENERA ENERGY, WITH A FACILITY IN VONORE. THAT'S WHERE THE BIOMASS FROM THE HARVESTED TREES WILL GO." RESEARCHERS COLLECTED YIELD DATA HERE, AND NOW SAMPLES FROM THE HARVESTED POPLARS WILL BE FURTHER ANALYZED IN CRC AND GENERA LABS TO GAUGE THE CROP'S USEFULNESS FOR INDUSTRY. LEADERS OF THIS PROJECT SAY THERE'S A NEED TO FIND MULTIPLE SOURCES OF BIOMASS THAT WE CAN GROW IN TENNESSEE, AND THE REGION. "WHEN WE STARTED, EVERYTHING WAS FOCUSED PRETTY MUCH ON BIOFUELS, AND THAT'S STILL THE CASE TODAY. BUT WE'VE ALSO SEEN A LOT OF GROWTH IN BIO-POWER AND BIO-PRODUCTS AND THOSE TYPES OF THINGS AS WELL. AND SO UNDERSTANDING THE SUPPLY CHAIN OF A VARIETY OF CROPS, A VARIETY OF SOURCES OF BIOMASS IS VERY IMPORTANT." THE DAY IS LIKELY COMING WHEN TENNESSEE FARMERS AND LANDOWNERS WILL HELP GROW OUR FUEL, OUR POWER, OUR ENERGY. THE GOAL IS TO HAVE A BIO-BASED ECONOMY INSTEAD OF ONE DEPENDENT ON PETROLEUM. AND IT'S EVEN BETTER IF WE CAN GROW THAT SUPPLY IN JUST A FEW YEARS. THIS IS CHARLES DENNEY REPORTING.
CROP COMMENTS:
 USDA'S UPDATED CROP PROGRESS REPORT COMES OUT THIS AFTERNOON.  UNTIL THEN WE RELY ON FOLKS LIKE YOU TO SHARE YOUR FIELD CONDITIONS. HERE'S CINDI CLAWSON WITH CROP COMMENTS. GOOD MORNING, CLINTON. LET'S START OFF IN TEXAS! MIKE LASS SAYS CALVING SEASON IS ALMOST WRAPPED UP FOR HIS OPERATION IN THE TEXAS SOUTH PLAINS! HE SAYS THE AREA IS EXPERIENCING A COOLER THAN NORMAL SPRING WHICH HAS MADE FOR GOOD CLAVING CONDITIONS. HOWEVER, TEMPERATURES ARE WARMING UP THIS WEEK, LINGERING IN THE 80S!
TEASE:
UP NEXT, WE'LL TALK GRAIN MARKETS...WAS IT A FLUKE, FUNDAMENTALS OR FUNDS IN THE DRIVERS SEAT. BOB UTTERBACK IS HERE TO DISCUSS. PLUS MACHINERY PETE...TALK CLASSIC TRUCKS. STAY TUNED, FOLKS, COMING UP WE ARE GOING TO TALK ABOUT PRICES ON CLASSIC PICK-UP TRUCKS. AND DEVELOPING A GOOD BEDSIDE MANNER IS HEARD TO LEARN FROM A TEXT BOOK. THESE MISSOURI DOCTORS ARE GETTING LESSONS IN CARING FROM PATIENTS. AG FOR YOUR HEALTH, TODAY ON IN THE COUNTRY.
CHINA IMPORTS OF DDGS REMAIN STRONG:
IN AGRIBUSINESS...LAST MONTH, CHINA IMPORTED JUST MORE THAN SIX MILLION METRIC TONS OF SOYBEANS. THAT'S UP 35 PERCENT FROM THE SAME TIME LAST YEAR. THE U.S. ACCOUNTING FOR 74 PERCENT OF THOSE MARCH IMPORTS. SO FAR THIS YEAR, CHINA HAS PURCHASED 16 MILLION METRIC TONS OF SOYBEANS AND 13 MILLION METRIC TONS OF THOSE SOYBEANS ARE FROM THE UNITED STATES. CHINA'S IMPORTS OF DDGS REMAIN STRONG, DESPITE CONCERNS ABOUT ITS ANTIDUMPING INVESTIGATION AGAINST THE UNITED STATES.
FROM THE FLOOR OF THE CME:
CHINA PURCHASE OF DDGS IN MARCH, CLIMBING 53 PERCENT FROM LAST YEAR. AFTER LAST WEEK'S WILD MARKETS, LETS SEE HOW THE WEEK CLOSED FROM THE FLOOR OF THE CME IN CHICAGO.  LET'S START OFF WITH THE SOYBEANS AND AS EVERYONE HAS SEEN THIS PAST  WEEK HAS BEEN A WILD WEEK. WE HAVE SEEN A LOT OF TRADERS COMING TO BUYING THEM UP. TODAY WE'RE SEEING IT ALL COMING BACK AGAIN. WE STILL HAVE A STRONG DEMAND FROM CHINA. THE SMALLER YIELD IS EXPECTED OUT OF SOUTH AMERICA. THAT'S ALSO IN EFFECT. ONE OF THE THINGS WE'RE FOCUSING ON IS THE STRONGER U.S. DOLLAR. THAT'S TAKING AWAY FROM DEMAND FOR THE U.S. CROPS. TODAY WE SAW A HUGE SELL-OFF IN ALL THREE MAIN GRAIN AREAS. LET'S START OFF WITH THE CATTLE TODAY. WE'RE SEEING IN FALLEN WEEKS. WE ALMOST SAW LIMIT DOWN ON BOTH THE LIVE AND FEEDER. WE HAVE PULLED DOWN FROM THE LOWS. WE ARE CLOSE TO HITTING LIMITS. SLAUGHTER IS UP, THE FALLING WEIGHTS. STILL NO BOTTOM SEEN AS OF YET. WE'RE HITTING LOW NUMBERS IN THIS YEAR. GARY KOZLOWSKI, FARR FINANCIAL COMING TO YOU FROM THE CME GROUP.
AGRIBUSINESS:
BOB UTTERBACK. UTTERBACK MARKETING. OUR GUEST TODAY AT THE AGRIBUSINESS DESK. BOB LET'S TALK ABOUT LAST WEEK'S PRICE ACTION. NOT JUST A RALLY. WE DID SEE PRICES GO UP. BUT THEY ALSO COME BACK DOWN AT THE END OF THE WEEK. WHAT DID YOU SEE FROM YOUR PERSPECTIVE. WE GO CLEAR BACK TO THE ACREAGE REPORT, AND THEN THE SUPPLY AND DEMAND REPORT AND THE INABILITY TO MAKE NEW LOWS. AS A BEAR, WE GOT A LITTLE TOO COMFORTABLE. TO TALK WITH BOB ONE ON ONE, CALL UTTERBACK MARKETING SERVICES TOLL FREE AT 800-858-3738.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY ON THIS MONDAY MORNING. CINDI CLAWSON IN FOR  US. CINDI, LOOKING AT THE RAIN THAT FELL OVER THE LAST WEEK, YOU CAN REALLY SEE ON THE CENTER OF THE COUNTRY WHERE MOST OF THAT RAIN FELL. IT'S OFF THE CHARTS HERE BECAUSE OUR CHART ONLY GOES TO 8 INCHES. IT IS JUST INCREDIBLE AMOUNTS OF RAIN. WE HEARD ALL OF THE STORIES OF THE FLOODING. THE GOOD THING IS, WE'RE NOT SEEING RAIN QUITE LIKE THAT THIS WEEK, SOME OF THESE AREAS COULD GET A LITTLE MORE RAIN ON TOP OF WHAT THEY ALREADY HAD. LET'S TAKE A LOOK AT THE MAPS. I WILL SHOW YOU WHAT'S GOING ON. I SUPPOSE THE ONLY REAL POSITIVE NEWS ABOUT HAVING ALL THIS RAIN IS WE'RE GOING TO KNOCK BACK ON DRY CONDITIONS WE ARE STARTING TO SEE IN THE PLAINS STATES. SPEAKING OF THOSE DRY CONDITIONS.
DROUGHT MONITOR:
 LET'S TAKE A LOOK AT THE U.S. DROUGHT MONITOR. WE ARE CONTINUING TO SEE DRYNESS IN MID-ATLANTIC STATES AND PARTS OF THE CENTRAL PLAINS AND INTO THE NORTHERN PARTS OF THE SOUTHERN PLAINS. I THINK THIS WILL SHIFT OFF JUST A LITTLE BIT AS WE LOOK AT WHERE WE LOOK AT THE NEXT ONE THAT WILL BE UPCOMING THIS WEEK. STILL SOME VERY DRY CONDITIONS IN THE WESTERN UNITED STATES. ALRIGHT, HERE'S OUR JET STREAM AS WE HEAD THROUGH THE WEEK. WE HAVE A TROUGH IN THE FAR NORTHEASTERN CANADA AND FAR NORTHEASTERN UNITED STATES. WE ALSO HAVE A TROUGH THAT'S BRINGING MORE STORMY CONDITIONS TO MUCH OF THE WEST AND INTO THE NATION'S MIDSECTION.
REGIONAL WEATHER:
THAT'S A LOOK AT YOUR NATIONAL FORECAST, NOW LET'S CHECK OUT SOME  LOCAL CITIES. OAKLEY, IDAHO, SHOWERS, MAYBE A RUMBLE OF THUNDER FOR YOU TODAY WITH A HIGH OF 49 DEGREES. EFFINGHAM, ILLINOIS, A CHANCE OF SHOWERS AND THUNDERSTORMS WITH A HIGH OF 78 DEGREES. AND HEADING ON TO WALDO, FLORIDA, IT'S MOSTLY SUNNY WITH A HIGH OF 84.
TEASE:
IF YOU'VE GOT THE CLASSIC TRUCK BUG, YOU MAY WANT TO STICK AROUND. MACHINERY PETE TELLS US ABOUT HOW THIS HISTORICAL HORSEPOWER IS MOVING AT AUCTION. AND THESE MISSOURI DOCTORS ARE GETTING AN EDUCATION FROM THEIR PATIENTS. AG FOR YOUR HEALTH, TODAY ON IN THE COUNTRY.
MACHINERY PETE:
I LOVE A CLASSIC PICKUP AND HAVE SINCE I WAS YOUNG--MINE IS A 1952 CHEVY. WELL APPARENTLY I'M NOT ALONE. MACHINERY PETE JOINING US THIS MORNING WITH A LOOK AT THE CLASSIC TRUCK MARKET AT FARM AUCTIONS. GREG. WELL, I HAVE BEEN COVERING AUCTION SALE PRICES NOW FOR ALMOST 27 YEARS ON PICK-UP TRUCKS AND ONE THING THAT I HAVE NOTICED THE LAST COUPLE OF YEARS INCREASED BUYER  INTEREST IN THE VINTAGE ONES. PERFECT EXAMPLE ON AN AUCTION EARLIER THIS MONTH APRIL 4, IN WEST CENTRAL ILLINOIS, THIS 1966 FORD 100, CUSTOM CAB, TWO WHEEL DRIVE, WITH A FRAME OFF RESTORATION, SOLD FOR $31,000.
TEASE:
GOOD STUFF. THANKS GREG. ALRIGHT WHEN WE COME BACK, YOUNG DOCTORS HAVE A LOT TO LEARN BEYOND WHAT'S IN THEIR BOOKS. WE'LL SEE HOW PATIENTS IN MISSOURI ARE HELPING PREPARE THE NEXT GENERATION OF PHYSICIANS.
IN THE COUNTRY:
MEDICAL SCHOOL STUDENTS MUST GO THROUGH YEARS OF EDUCATION AND TRAINING BEFORE THEY ARE OUT ON THEIR OWN. AND LIKE FARMERS, NOT ALL OF THAT TRAINING COMES IN THE CLASSROOM. KENT FADDIS WITH THE UNIVERSITY OF MISSOURI TAKES A LOOK AT A PROGRAM THAT FOCUSES ON THE "PATIENT" AS THE TEACHER. IT'S LIKE A FAMILY REUNION FOR 4TH YEAR MEDICAL STUDENT KRISTEN KILLEN AND HER FORMER PATIENT CYNTHIA WRIGHT.
IN COLUMBIA, KENT FADDIS REPORTING. THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
CLOSING:
FOR CINDI CLAWSON. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. TUESDAY ON AGDAY WE'LL TALK CATTLE PRICES AND HOW SUMMER GRILLING PUSHES THOSE NUMBERS HIGHER. WE'LL ALSO SEE WHAT KIND OF PROGRESS FARMERS ARE MAKING WITH SPRING PLANTING. AND MIKE HOFFMAN HAS YOUR FARM COUNTRY WEATHER. WATCH US WEEKDAYS ON AGDAY.

 

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