AgDay Daily Recap -Dec. 11, 2015

December 11, 2015 02:57 AM
 

TODAY ON AGDAY
DEC. 11, 2015


OPENING HEADLINES:
EL NINO IMPACTS ARE EXPECTED TO CONTINUE OUT WEST. PLUS WHEAT ACRES ARE EXPECTED TO FALL DOWN SOUTH. IN THE PROFARMER PROFIT BRIEFING... LOOKING FOR MARKET SIGNALS IN 2016.
WE NEED TO SEE SOME DEMAND COME IN HERE AND CHEW INTO THESE EXCESS SUPPLIES THAT WE HAVE AND THIS VERMONT SHEEP IS MAKING A NAME FOR ITSELF THANKS TO A NEW BOOK.
EL NINO BRINGS SIMULTANEOUS RELIEF AND DESTRUCTION ALONG WEST COAST:
GOOD MORNING I'M CLINTON GRIFFITHS. THIS YEAR'S EL NINO IS STAYING UNUSUALLY STRONG, AND FORECASTERS SAY IT'S STILL EXPECTED TO BRING A WET WINTER TO DROUGHT-STRICKEN CALIFORNIA.
IN AN UPDATE FROM "NOAA", THE AGENCY SAYS THE ODDS FAVOR SOME SIGNIFICANT WINTER STORMS IN CALIFORNIA. EL NINO IS THE INSTIGATOR.
THE OUTLOOK CALLS FOR A WET WINTER ACROSS THE SOUTHERN U-S. EL NINO IS ALSO CREDITED WITH CREATING A "BELOW NORMAL" HURRICANE SEASON IN THE ATLANTIC. BUT ABOVE NORMAL ACTIVITY IN THE PACIFIC.
MOST OF THE WEST COAST CONTINUES TO BE TRAPPED IN DROUGHT BUT THE PICTURE IMPROVED DRAMATICALLY ACROSS THE NATION LAST MONTH.
THE NATIONAL DROUGHT CENTER SAYS DURING THE FOUR WEEK PERIOD ENDING ON DECEMBER FIRST, DROUGHT LEVELS IN THE LOWER 48 STATES FELL SHARPLY TO 20 PERCENT. THAT'S A FIVE POINT DECREASE IN ONE MONTH.
AND WHEN YOU TURN THE CALENDAR BACK TO INCLUDE OCTOBER, THE NATIONAL DROUGHT FIGURE HAS PLUMMETED 14 POINTS. THE DROUGHT CENTER SAYS THE HEAVIEST PRECIPITATION HAS FALLEN IN THE DROUGHT-AFFECTED AREAS OF THE PACIFIC NORTHWEST. IN WASHINGTON STATE, A DROUGHT CLASSIFICATION HAS BEEN REMOVED FROM A THIRD OF THE STATE BUT IT'S BEEN LIMITED TO THE WESTERN SIDE. THE OTHER TWO THIRDS REMAINS IN VARYING DEGREES OF DROUGHT CONDITIONS. RAINFALL HAS BEEN RELENTLESS THIS WEEK IN THE AREA OF THE STATE WITH THE SMALLEST NEED, LIKE SEATTLE. TORRENTIAL RAINS HAVE PUMMELED PARTS OF THE REGION, CAUSING MUDSLIDES AND FLOODING ROADS. THE SNO-QUAL-MEE RIVER LEFT ITS BANKS IN RURAL KING COUNTY. THAT'S EAST OF SEATTLE. RESIDENTS SAY IT'S NOT UNUSAL FOR THE "VALLEY" TO GET 3-4 FLOODS A YEAR. BUT THIS ONE HAS BEEN THE WORST. AND IT'S A FAR CRY FROM THE PARCHED DAYS JUST SIX MONTHS AGO.
TIMES ARE CHANGING. THROUGH THE SUMMER, WE HAD THE DRIEST SUMMER ON RECORD AND NOW WE'RE MAKING UP FOR ALL THE RAIN WE MISSED IN THE SUMMER TIME."
AT SEA-TAC AIRPORT, WHERE THE OFFICIAL WEATHER FOR SEATTLE IS RECORDED, THE WEATHER SERVICE SAYS TWO-POINT ONE INCHES OF RAIN FELL TUESDAY. THE PREVIOUS RECORD FOR THAT DATE WAS ONE-POINT SIX INCHES IN A 24 HOUR PERIOD. FLOOD WARNINGS REMAIN IN EFFECT FOR MANY AREAS IN WASHINGTON AND OREGON. IN THE PACIFIC NORTHWEST, THE EARLIER DROUGHT HAS HAMPERED CROP EMERGENCE. ONLY 79-PERCENT OF OREGON'S WHEAT AND 87-PERCENT OF WASHINGTON'S WHEAT HAVE SPROUTED.
IN TERMS OF CONDITION -BOTH STATES ARE IN THE MID-TEENS WITH POOR TO VERY POOR CROPS.
IN THE CENTRAL PLAINS -ABOUT HALF OF KANSAS IS CONSIDERED ABNORMALLY DRY, BUT OKLAHOMA AND TEXAS ARE DROUGHT FREE.
RAINS HURT NEXT YEAR'S AMBER WAVES OF GRAIN:
THE PORTION OF THE U-S WINTER WHEAT PRODUCTION AREA IS NOW DOWN TO 14-PERCENT. IT REACHED ITS AUTUMN PEAK OF 29-PERCENT IN LATE OCTOBER.
LOUISIANA IS EXPECTED TO HAVE FEWER ACRES OF WHEAT THIS YEAR FOR SEVERAL REASONS. IN A TYPICAL YEAR, LOUISIANA GROWS ABOUT A QUARTER OF A MILLION ACRES OF WHEAT, BUT THIS YEAR IT MAY BE LESS THAN 100-THOUSAND. LSU AGCENTER'S CRAIG GAUTREAUX TELLS US WHY WE CAN EXPECT TO SEE MUCH LESS OF THOSE AMBER WAVES OF GRAIN ACROSS THE STATE.
GENTLY WAVING FIELDS OF WHEAT WILL BE A RARE SIGHT THIS COMING SPRING BECAUSE FARMERS ARE HAVING A TOUGH TIME GETTING THE CROP INTO THE GROUND. ALSO, MANY PRODUCERS WHO TYPICALLY GROW WHEAT HAVE DECIDED NOT TO PLANT ANY AT ALL. WE JUST CAN'T GET INTO THE FIELD. AS SOON AS IT STARTS TO DRY OUT, IT SEEMS LIKE WE GET ANOTHER RAIN, AND IT DOESN'T TAKE A WHOLE LOT OF RAIN. OUR ACREAGE IS WAY DOWN. IT WAS WAY DOWN LAST YEAR, AND IT'S EVEN MORE DOWN THIS YEAR. LAST YEAR'S WHEAT CROP WAS DEVASTATED BY A DISEASE CALLED HEAD SCAB CAUSING SOME FIELDS TO GO UNHARVESTED. PADGETT BELIEVES THIS IS ONE OF SEVERAL REASONS WHY WHEAT ACRES ARE BEING REDUCED. YOU COMBINE THAT WITH BAD WEATHER, POOR HARVEST CONDITIONS AND LOW PRICES, IT JUST LEFT A BAD TASTE IN PRODUCERS' MOUTHS. AND A LOT OF GROWERS THAT NORMALLY GROW WHAT ARE NOT GOING TO GROW WHEAT THIS YEAR. PRICES FOR MANY FARM COMMODITIES ARE RUNNING MUCH LOWER FROM PREVIOUS YEARS, AND PADGETT SAYS FARMERS ARE NOT SEEING A PROFIT IN WHEAT NOW. PRICES ARE DEPRESSED. YOU KNOW, YOU'VE GOT TO PUT THE PENCIL TO THE PAPER, AND IF YOU CAN'T MAKE IT CASH FLOW, YOU CAN'T GROW A CROP. IF FARMERS ARE STILL INTERESTED IN PLANTING WHEAT, PADGETT RECOMMENDS LOOKING AT EARLY MATURING VARIETIES BECAUSE THE WINDOW FOR GROWING WHEAT IS RAPIDLY CLOSING. WITH THE LSU AGCENTER, THIS IS CRAIG GAUTREAUX.
CROP WATCH:
LET'S CHECK IN WITH CINDI CLAWSON TO GET AN UPDATE ON CROPWATCH. CINDI GOOD MORNING, CLINTON. LET'S START OFF CROPWATCH IN SOUTHEAST SOUTH DAKOTA... NATE HANSEN SENT US THIS PHOTO OF WHAT'S LEFT OF A SOYBEAN PILE AT A NEARBY ELEVATOR. HE SAYS 'THIS IS THE PROGRESS FROM THE SOYBEAN PILE I SENT AGDAY A FEW WEEKS AGO. THE CORN PILE IS GONE.'
MOVING OVER TO WALL, TEXAS. DOUG WILDE SENT US THIS PHOTO OF COTTON HARVEST. HE SAYS GRADES ARE GOOD IN HIS AREA.
BUT THE CONDITION IS WORSE IN AREAS THAT WERE PELTED IN THE RAIN. WILDE SAYS HE FINISHED COTTON PICKING ON TUESDAY.
TEASE:
WELL COMING UP IN JUST A FEW MINUTES OF COURSE WE'RE GOING TO BE TALKING DROUGHT ONCE AGAIN AND THIS CRAZY WEATHER PATTERN THAT'S BEEN MOVING ACROSS THE COUNTRY CLINTON WHEN WE COME BACK THE CREW FROM PRO FARMER JOIN US TO DISCUSS POTENTIAL MARKET MOVERS FOR GRAINS IN THE YEAR AHEAD. IT'S OUR WEEKLY PROFIT BRIEFING FROM THE TEAM IN CEDAR FALLS.
AND FIND OUT HOW A SICKLY SHEEP IS HELPING TO CREATE A HEALTHY BOTTOM LINE FOR A VERMONT FARMER AND HIS WIFE. DETAILS WHEN WE HEAD IN THE COUNTRY.
CME:
IN AGRIBUSINESS COMMODITIES GETTING A LITTLE BOOST EARLY IN THE TRADING DAY THURSDAY. LET’S SEE WHERE THINGS CLOSED FROM THE FLOOR OF THE CME. A PRETTY NICE RALLY ACROSS THE BOARD. CORN, SOY WHEAT ALL CATCHING A NICE BID. THIS FOLLOWING USDA REPORT YESTERDAY THAT WAS MUTE TO THE MARKET. BUT ALSO GOOD EXPORT SALES NUMBERS THIS MORNING FOR BOTH CORN AND BEANS, GIVING A NICE BID. I WOULD ANTICIPATE THAT FARMERS TO DIG THEIR HEELS IN AND KEEP THEM DUG IN UNTIL THEY CAN GET A LITTLE BIT HIGHER PRICES. YOU'RE GOING TO SEE FUNDS START TO COVER A LITTLE BIT MORE. ON THE TECH BASIS WE'RE COMING UP AGAINST SOME KEY RESISTANT LEVELS THAT WE REALLY NEED TO GET OUT ABOVE 3.82. IT'S GOING TO BE THE TOPSIDE ON THAT. A FAILURE TO BREAKOUT ABOVE THAT IS GOING INVITE MORE SHORTS BACK INTO THE MARKET. IT CONTINUES TO BE A VERY VOLATILE LIVE CATTLE AND FEEDER CATTLE IN PARTICULAR. LIMIT DOWN YESTERDAY BUT WASN'T ABLE TO GET THE FOLLOW THROUGH THRU THE MORNING SESSION. WE DID TRADE LOWER AT THE OPEN BUT WE SAW SOME BUYERS COMING IN WHICH IS NICE TO SEE FOR THE BULLS. YOU'RE SEEING THE DEMAND BEGIN TO PICKUP A LITTLE BIT ALMOST LIKE THE MARKET IS STARTING TO FIND THAT EQUILIBRIUM THAT IT'S BEEN TRYING TO FIND FOR SEVERAL MONTHS NOW. WE'RE LOOKING TO SELL THESE RALLIES. WOULDN'T BE SURPRISED TO GET UP TOWARDS 1.29-1.30 AREA AND THAT'S GOING TO BE A GOOD AREA TO LOOK AT THE SHORT SIDE. THOSE ARE SOME OF THE THINGS WE'RE LOOKING AT. THAT'S WHAT YOU SHOULD BE LOOKING AT TOO. THIS HAS BEEN OLIVER SLOUP WITH II TRADER FROM THE FLOOR OF THE CME.
PROFARMER:
IN OUR WEEKLY PROFARMER PROFIT BRIEFING, BRIAN GRETE AND CHIP FLORY SAY IT’S GOING TO BE A FIGHT TO SEE GRAIN MARKETS MOVE HIGHER IN 2016.
THEY JOIN US FROM THEIR STUDIOS IN CEDAR FALLS IOWA TO EXPLAIN.
BRIAN, WHEN WE LOOK BACK AND REFLECT A LITTLE BIT ON 2015--THIS BIG CORN CROP, BIG SOYBEAN CROP--MUCH BIGGER THAN WHAT WE FEARED IT MIGHT BE WHEN WE WERE PUTTING IT IN THE GROUND IN THE SPRING OF 2015. BUT THOSE BIG CROPS, BOY, THAT WAS A HARD PILL FOR THESE MARKETS TO SWALLOW.> WELL, AND IT'S STILL SWALLOWING TO BE HONEST WITH YOU. WE ARE STILL DEALING WITH THE OVERSUPPLY IN BOTH CORN AND SOYBEANS, DOMESTICALLY HERE AND IN THE CASE OF SOYBEANS GLOBALLY AS WELL, SO YOU KNOW THE OLD SAYING: "LOW PRICES CURE LOW PRICES"--WELL WE NEED TO SEE THAT HAPPEN. WE NEED TO SEE SOME DEMAND COME IN HERE AND CHEW INTO THESE EXCESS SUPPLIES THAT WE HAVE.> YEAH, OVER THE YEARS I HAVE KIND OF REFERRED TO THESE PERIODS OF LOWER PRICES AS A DEMAND DISCOVERY PERIOD. DOES THIS DEMAND DISCOVERY PERIOD DRAG ON INTO 2016?> YOU KNOW, I THINK IT WILL. THE BEST CASE PROBABLY RIGHT NOW FOR A RALLY INTO THE END HERE IS IF FUNDS COVER UP SOME SHORTS, BEFORE THE DEC. 31, YOU KNOW, WHEN WE LOOK INTO 2016 DOES SOMETHING HAPPEN WEATHER WISE, DOWN IN SOUTH AMERICA--BRAZIL IN PARTICULAR?; THE END OF EL NINO, WHAT HAPPENS THERE?; DOES DRY SEASON START EARLY? HOW DOES THAT IMPACT THEIR CROP? > EXACTLY, AS WE LOOK AT THE PROJECTIONS FOR 2015, 16, CARRY OVER ON CORN, SOYBEANS AND WHEAT, WE CAN'T FORGET THAT THOSE CARRY OVERS ARE ALSO THE SUPPLY SIDE CUSHION FOR THE NEW CROP YEAR, SO YOU LOOK AT THOSE CARRY OVER ESTIMATES, JUST BASED ON THE SUPPLY SIDE CUSHION, THE BEGINNING STOCKS, WHICH MARKET HAS THE MOST OPPORTUNITY IN 2016?> CLEARLY CORN. TO THE UPSIDE, THE CUSHION IS PRETTY HEFTY IN BOTH SOYBEANS AND WHEAT, ON THE CORN SIDE OF THINGS IT'S COMFORTABLE, BUT IT'S NOT EXCESSIVE AT THIS POINT AND I THINK AS A RESULT IF WE EVEN GET A BUILDUP IN DEMAND OR WE GET SOME KIND OF WEATHER SCARE AS WE MOVE THROUGH INTO THE 2016 AND THROUGH THE SUMMER OF 2016. YOU KNOW THEN IT BECOMES PRICE SUPPORTIVE IN THAT MARKET, BUT MUCH TOUGHER ON THE SOYBEAN SIDE OF THINGS.>DUDE, IT'S AWFULLY HARD TO MARKET OR MANAGE RISK AND TRY TO USE A POTENTIAL WEATHER SCARE AS A SELLING OPPORTUNITY.> NO, YOU CAN'T DO THAT RIGHT NOW. IF ONE DEVELOPS DOWN THE ROAD, THEN YOU ADJUST ACCORDINGLY, BUT RIGHT NOW YOU CAN'T PENCIL IN A WEATHER PROBLEM FOR 2016.> AND WHEN WE TALK ABOUT THE WEATHER, WE HAVE GOT THE BIGGEST EL NINO OR THE STRONGEST EL NINO ON RECORD IN PLACE, THE FEAR IS, IS THAT IT TRANSITIONS VERY QUICKLY TO A ENSO-NEUTRAL OR EVEN TO A LA NINA, SOMETIME IN 2016.> WELL AND THAT TRANSITION PERIOD IS THE KEY. BASED ON WHAT ALL METEOROLOGIST SAY IS THE FASTER THE TRANSITIONS OUT OF EL NINO TO NEUTRAL AND THEN IF IT WOULD HAPPEN TO TRANSITION INTO LA NINA , THAT'S WHEN YOU WOULD POTENTIALLY HAVE THE BIGGEST ISSUE.> RIGHT, WHICH JUST MEANS YOU HAVE TO PLAN FOR EITHER $2.00 CORN OR $6 CORN--ONE OF THE TWO. FOR BRAIN GRETE AND ALL THE EDITORS FOR PROFARMER AT CEDAR FALLS, IOWA, I'M CHIP FLORY.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST CINDI CLAWSON. SHE'S IN FOR MIKE HOFFMAN TODAY. CINDI WE HAVE BEEN TALKING ABOUT THAT DROUGHT MONITOR MAP. IT'S PRETTY IMPRESSIVE HOW MUCH IT'S CHANGED. I KNOW IT'S NOT GONE, BUT IT'S IMPRESSIVE. IT REALLY IT. OBVIOUSLY WITH ALL OF THE RAIN WE'VE HAD IN THE PACIFIC NORTHWEST, WE'RE BOUND TO SEE THE CHANGES THERE. WE'LL CONTINUE TO OVER THE NEXT SEVERAL WEEKS. WITH NEW MEXICO AND TEXAS WITH NO DROUGHT FOR THE FIRST TIME IN YEARS. YEAH, IT'S BEEN A LONG TIME. SO THAT'S ABSOLUTELY FANTASTIC NEWS THERE. BUT ONE THING YOU MIGHT NOTICE IS THAT WE'RE STARTING TO SEE A LITTLE BIT OF DROUGHT COMING UP IN THE GREAT LAKES AREA. TAKE A LOOK AT THIS AS YOU HEAD THROUGH SOUTHEAST MICHIGAN AND PARTS OF INDIANA, WE'RE STARTING TO SEE IT'S NOT BAD DROUGHT BUT IT'S DRY THERE. AND A LITTLE BIT OF DRYNESS INTO THE NORTHERN PLAINS AND PARTS OF THE CENTRAL PLAINS AS WELL. THE BIG CHANGES ARE IN THE SOUTHWEST. OF COURSE, WE DON'T WANT ALL THAT RAIN ALL AT ONCE. HERE'S A LOOK AT OUR FORECAST AS WE HEAD THROUGH THE DAY TODAY. WE HAVE AN ACTIVE WEATHER PATTERN. THAT'S MOSTLY THROUGH THE NORTHWEST. THAT'S WHERE IT'S BEEN THE WETTEST. WELL WE DO HAVE A FRONTAL SYSTEM THAT'S BRINGING RAIN AND SNOW IN THE NORTHWEST AREA AND SECONDARY LOW IN THE PLAINS AND ANOTHER ONE DOWN IN THE FOUR-CORNERS REGION. EVERYTHING PUSHES A LITTLE FURTHER TO THE EAST AS WE HEAD THROUGH TODAY. BUT NOT A LOT OF MOISTURE JUST YET FOR THE NATION'S MID-SECTION. THAT WILL COME, ESPECIALLY INTO THE LATTER PART OF THE WEEKEND. ANOTHER SYSTEM COMES ON ASHORE TO THE PACIFIC NORTHWEST. SO RAIN, UPPER ELEVATION SNOW THERE AS WELL. AS WE HEAD TO YOUR SATURDAY, WE'RE GOING TO START TO PICK UP A LITTLE BIT OF PACIFIC MOISTURE, ESPECIALLY LATER ON SATURDAY. LOOK FOR SOME SNOW, PARTS OF THE ROCKIES AND THE CENTRAL PLAINS. LOOK AT ANOTHER SYSTEM HEADING TOWARDS THE PACIFIC NORTHWEST. TI DOESN'T STOP. IT KEEPS SEEING SYSTEM AFTER SYSTEM. THERE COMES THE GULF MOISTURE. WE START TO PICK THAT UP AS WE HEAD INTO SATURDAY NIGHT AND THIS WHOLE SYSTEM IS GOING TO BE A SLOW-MOVER BUT IT WILL PUSH THROUGH MUCH OF THE EASTERN PART OF THE COUNTRY OVER THE NEXT SEVERAL DAYS THEN. ALRIGHT, AS WE TAKE A LOOK AT THE PRECIPITATION ESTIMATE, MOST OF IT IS IN THE WEST, THAT'S ESPECIALLY ALONG THE PACIFIC NORTHWEST AREA. YOU'LL START TO SEE WE GET THAT GULF MOISTURE. WE SEE RAIN THERE IN EASTERN TEXAS AS WELL AND ALONG THE NORTHERN TERRIFF STATES. AS FAR AS THE SNOWFALL, MAINLY IN THE HIGHER ELEVATIONS IN THE ROCKIES BUT WE ALSO HAVE NORTHERN NORTH DAKOTA, MINNESOTA AND YOU SEE THAT GETTING DOWN INTO THE REST OF THE FOUR-CORNER REGION AS WELL. TEMPERATUREWISE, WELL IT'S STILL VERY WARM IN MUCH OF THE EASTERN PART OF THE COUNTRY. WE'LL START TO SEE SOME COOLER TEMPERATURES OUT WEST. HEADING INTO THE OVERNIGHT HOURS, WE ARE GOING TO SEE THOSE TEMPERATURES VERY MILD IN THE EAST. WE'RE LOOKING AT 60S HERE COMPARED TO 20S IN THE NORTHERN PLAINS. AND THEN WE STILL KEEP IT MILD TOMORROW, BIG DIFFERENCE. YOU CAN TELL RIGHT WHERE THAT FRONT IS. BUT THINGS WILL CHANGE FOR THE EAST AS WELL. THAT'S YOUR NATIONAL FORECAST; NOW LET'S CHECK ON SOME LOCAL CITIES. KLAMATH FALLS, OREGON,SNOW MIXING WITH RAIN TODAY. THE HIGH IS 39 DEGREES. FRANKLIN, INDIANA IS MOSTLY CLOUDY WITH SOME SHOWERS LATER ON TODAY. THE HIGH IS 61. AND STARK, FLORIDA IS SUNNY AND WARM WITH SOME MORNING FOG. THANKS CINDY.
YAMAHA GIVEAWAY:
CHRISTMAS IS COMING--NOW JUST A COUPLE WEEKS AWAY. AND THIS YEAR WE'RE GIVING OUR VIEWERS A CHANCE AT A BEAUTY OF A GIFT...FOR THEMSELVES OR THEIR FAVORITE TV HOST.
GO ONLINE AND SIGN UP TO WIN THIS YAMAHA KODIAK 700.
WHETHER YOU'RE AN OUTDOOR ENTHUSIAST OR JUST NEED A SPEEDY WAY TO GET AROUND THE FARM OR RANCH--THE KODIAK 700 IS A GREAT FIT.
IT'S YAMAHA'S NEWEST MODEL COUPLING COMPACT SIZE WITH PLENTY OF 'MUSCLE' --FIT FOR ANY TERRAIN.
IT ALSO SPORTS A 13-HUNDRED POUND TOWING CAPACITY. TO WIN, YOU HAVE TO ENTER ONLINE AT AGDAY-DOT-COM.
LOOK FOR THE KODIAK 700 ON OUR HOMEPAGE. ENTRIES CLOSE SOON. WE'LL ANNOUNCE THE WINNER DECEMBER 18TH. GOOD LUCK. FLORIDA ORANGE PRODUCTION IS ON PACE FOR ITS LOWEST TALLY IN 5 DECADES. WE'LL TELL YOU WHY COMING UP.
AND MEET A VERMONT FARMING COUPLE WHO'S HITTING IT BIG WITH THEIR LAMB... IN A MOST UNUSUAL WAY. FIND YOUR NEXT PIECE OF EQUIPMENT AT MACHINERY PETE.COM AND ENTER
FOR YOUR CHANCE TO WIN A YETI COLLER. ONE YETI TUNDRA 35 COOLER IS BEING GIVEN AWAY EACH WEEK. GO TO WWW.MACHINERYPETE.COM/SURVEY, COMPLETE THE SURVEY, AND ENTER YOUR INFORMATION. YOU COULD BE NEXT OWNER OF A MACHINERY PETE YETI COOLER.
USDA’S LATESTS SUPPLY AND DEMAND REPORT:
FROM OUR NEWEST REPORTING PARTNERS AT THE PACKER...USDA'S LASTEST SUPPLY DEMAND REPORT SHOWING BIG IMPLICATIONS FOR FLORIDA ORANGE GROWERS. NEW TOTALS SHOWING CITRUS GREENING TAKING AN EVEN BIGGER BITE OUT OF PRODUCTION. USDA LOWERING ITS ESTIMATE FOR THE 2015-16 CROP TO 69 MILLION BOXES. THAT'S NEARLY 30 PERCENT LESS THAN LAST SEASON AND THE SMALLEST MORE THAN 50 YEARS. THE LAST TIME PRODUCTION WAS AT THAT LEVEL WAS BACK IN 1963 AND 64. FLORIDA CITRUS MUTUAL TELLING THE PACKER THAT THE ONLY SILVER LINING IS THAT IT SHOULD HELP PRODUCER RETURNS WHICH HAS BEEN A CHALLENGE DUE TO INCREASING PRODUCTION COSTS. JOHN DEERE AND WIRELESS START UP, LIGHTSQUARED APPEAR TO HAVE SETTLED A LONG RUNNING LEGAL BATTLE. DEERE AND SEVERAL OTHER MAJOR INDUSTRIES--INCLUDING AVIATION-COMPLAINED LIGHTSQUARED BROADBAND WOULD HAVE INTERFERED WITH CURRENT GPS TECHNOLOGY...SAYING THE FREQUENCIES WERE TOO CLOSE TOGETHER ON SPECTRUM. LIGHTSQUARED JUST EMERGED FROM BANKRUPTCY PROTECTION THIS WEEK AND SAYS IT'S WORKED OUT A COMPROMISE WITH DEERE--CALLING IT A BIG STEP FORWARD. COMPANY LEADERSHIP SAY THE NEW FRAMEWORK MOVES THE FREQUENCIES FARTHER APART ALLOWING GPS AND BROADBAND TO QUOTE "PEACEFULLY COEXIST."
THE U.S. ENERGY INFORMATION ADMINISTRATION FORECASTING PROPANE AND HEATING OIL PRICES TO BE LOWER THIS SEASON. EIA SAYS THAT IMPROVEMENT IS THANKS TO HIGHER INVENTORY LEVELS AND WARMER WINTER TEMPERATURES EAST OF THE ROCKIES.
ACCORDING TO THEIR CHART, HEATING OIL PRICES ARE ALMOST A DOLLAR LOWER THAN LAST YEAR AT THIS TIME. PROPANE PRICES ARE AVERAGING 50 CENTS LOWER AS WELL.
IN IOWA, FOR EXAMPE, THE PRICE OF HEATING OIL CLOSED AT A DOLLAR-87 PER GALLON. LAST YEAR IT WAS THREE-25. STEP ASIDE "BEN AND JERRY'S". THERE'S A NEW CELEBRITY IN VERMONT. AND THIS ONE MAKES BED-TIME READING A REAL TREAT.
ENTER TO WIN THIS YAMAHA KODIAK 700 EPS -A GREAT TOOL TO HAVE ON THE
FARM. JUST GO TO AGDAY.COM AND CLICK ON THE LINK TO GET DETAILS.
DEADLINE IS DECEMBER 16TH SO DON'T DELAY.
IN THE COUNTRY:
A VERMONT COUPLE IS HITTING IT BIG IN THE PUBLISHING WORLD WITH A CHILDREN'S BOOK ABOUT A LAMB NAMED SWEET PEA. HER RECOVERY FROM A POTENTIALLY FATAL INJURY IS CELEBRATED BY FELLOW FARM ANIMALS IN "THE SHEEPOVER." KATHY MATHESON FROM THE ASSOCIATED PRESS HAS OUR "BED TIME STORY"
MEET VERMONT'S NEWEST CELEBRITY.  "THAT'S SWEET PEA LOOKING RIGHT AT YOU."
THE WOOLLY MAMMAL IS THE STAR OF A NEW CHILDREN'S BOOK THAT GOT HER OWNERS A SIX-FIGURE ADVANCE. BUT FAME HAD A PRICE: THE BOOK IS BASED ON THE TRUE STORY OF SWEET PEA SURVIVING A POTENTIALLY FATAL INJURY.
"OUR FOLLOWING ON FACEBOOK WAS SAYING, YOU KNOW, 'YOU SHOULD DO A STORY ABOUT THIS, THAT SWEET PEA'S GETTING BETTER.' ... WE DID A KICKSTARTER AND WHEN WE LAUNCHED IT, IT MET ITS FUNDING GOAL IN 15 HOURS."
THE TALE RECOUNTS HOW A VET HELPED SWEET PEA GET BETTER, AND HOW THE LAMB'S FURRY FRIENDS CELEBRATED HER RECOVERY WITH A FESTIVE SLUMBER PARTY _ "THE SHEEPOVER."
JOHN AND JENNIFER CHURCHMAN PUBLISHED 4,000 COPIES WITH THE CROWDSOURCED FUNDS, AND TOOK SEVERAL TO A LOCAL BOOKSTORE.
"I THINK BECAUSE JOHN AND JENNIFER HAVE A MARKETING AND GRAPHIC DESIGN BACKGROUND, THEY REALLY KNEW HOW TO PUT A BOOK TOGETHER, AND THIS COVER IS IRRESISTIBLE. I MEAN, WHO DOESN'T LOVE THE SHEEP IMMEDIATELY?"
AFTER THE BOOKSTORE OWNER BLOGGED ABOUT SWEET PEA, THE AUTHORS HAD OFFERS FROM FIVE MAJOR PUBLISHING HOUSES. AND TWO MORE BOOKS ARE PLANNED. WITH A BARNYARD FULL OF GEESE, DOGS AND CHICKENS, THERE'S NO SHORTAGE OF INSPIRATION.
"SO THERE ARE ANIMALS THAT HAVE CHARACTERS AND QUIRKS AND THEY FORM THEIR OWN COMMUNITY. SO IF WE SPEND TIME WITH THEM, AS WE DO, WE SEE LITTLE STORYLINES UNFOLD."
CLOSING:
THE VERMONT COUPLE HOPING FOR MORE HAPPY ENDINGS. KATHY MATHESON, ASSOCIATED PRESS. 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. HIGH STRENGTH STEEL FOR HIGH STRENGTH DEPENDABILITY, THE CHEVY SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION.

PROMO:
I'M CLINTON GRIFFITHS. MONDAY ON AGDAY -MACHINERY PETE JOINS US FOR HIS
WEEKLY LOOK AT USED FARM EQUIPMENT. HE SAYS THERE'S STILL STRONG
DEMAND FOR USED COMBINES. AND FIND OUT HOW A BRAND NEW ATV COULD
SHOW-UP IN YOUR SHOP! WATCH US WEEKDAYS, ON AGDAY.

 

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