AgDay Daily Recap -Dec. 2, 2015

December 2, 2015 02:57 AM
 

TODAY ON AGDAY
DEC. 2, 2015

OPENING HEADLINES:
CHINA'S CURRENCY GAINS IN STATUS. PLUS, CLIMATE DISCUSSION CONTINUE IN FRANCE AND AGRICULTURE IS SET TO TAKE THE STAGE. IN AGRIBUSINESS...FOLLOWING THE MONEY IN COMMODITIY MARKETS.
YOU KNOW BUT THEY ARE STILL NOT AS SHORT AS THERE WERE IN MAY OF 2015.
AND THE NATION'S LARGEST RICE GROWING STATE USES ITS BOUNTY TO HELP FEED THOSE IN NEED.

CHINESE YU-ON TO JOIN WORLD’S LEADING CURRENCIES:
GOOD MORNING I'M CLINTON GRIFFITHS. AS ONE OF THE LARGEST GLOBAL ECONOMIES, CHINA WIELDS A LOT OF AUTHORITY AND INFLUENCE IN THE PRODUCTS AMERICAN FARMERS GROW AND RAISE. AND NOW, CHINA'S CURRENCY IS NOW SITTING AT THE HEAD TABLE.
THE INTERNATIONAL MONETARY FUND ANNOUNCED THE CHINESE YUAN WILL NOW JOIN A BASKET OF THE WORLD'S LEADING CURRENCIES AS A STANDARD IN INTERNATIONAL BANKING.
THE I-M-F SAYS THE YUAN MEETS ALL EXISTING CRITERIA TO BE INCLUDED WITH THE U-S DOLLAR, EURO, JAPANESE YEN AND THE BRITISH POUND. THE YU-ON -WHICH IS ALSO KNOWN AS 'REM-IN-BEE' IN FINANCIAL CIRCLES -WAS ADDED DUE TO MANY FACTORS, INCLUDING THE VOLUME OF EXPORTS INVOLVING THE YU-ON.
"THE RENMINBI'S INCLUSION WAS CLEARLY AN IMPORTANT MILESTONE IN A JOURNEY THAT HAS BEGUN MONTHS, IF NOT YEARS AGO, A JOURNEY WHICH IS A TRANSITION TOWARDS MORE MARKET-DRIVEN PRINCIPLE OF THE MACROECONOMIC FRAMEWORK OF CHINA.
CHINA HAS HISTORICALLY PEGGED ITS CURRENCY TO THE DOLLAR, GIVING IT AN ADVANTAGE IN EXPORTING GOODS TO THE UNITED STATES AND HELPING IT TO EMERGE AS A MANUFACTURING POWERHOUSE.
THE IMF'S DECISION IS SET TO TAKE EFFECT NEXT OCTOBER.
CHINA IS ONE OF THE "BRIC" ECONOMIES, 'BRIC' IS A GROUPING ACRONYM THAT REPRESENTS THE COUNTRIES OF BRAZIL, RUSSIA, INDIA AND CHINA. THE FOUR ARE IN A SIMILAR STAGE OF ADVANCED DEVELOPMENT.
AND WHILE THE INDIVIDUAL COUNTRIES DO NOT HAVE FORMAL TRADE AGREEMENTS, THEY DO FORM A POWERFUL ECONOMIC BLOC. I TALKED WITH TOMMY GRISAFI FROM ADVANCE TRADING ABOUT THEIR GROWING INFLUENCE, DESPITE A RECENT DOWNTURN.
THE BRIC COUNTRIES, THESE UP AND COMING ECONOMIES AROUND THE WORLD, ARE NOT DOING WHAT THEY WERE, ABOUT FIVE YEARS AGO. 10 YEARS AGO. DO WE EXPECT THAT TO START TO CARRY OVER INTO THE AG SECTOR EVEN MORE THAN IT HAS. WELL, THEY'VE BECOME VERY POPULAR. A LOT OF INVESTMENT THERE. I THINK THE BRICS WERE SO MUCH MORE POPULAR WHEN THE COMMODITY SECTOR WAS BOOMING. WHEN CHINA WAS BOOMING, THE BRIC COUNTRIES WERE SO POPULAR. YOU LOOK ALL THE GRAIN AND THE METALS AND THE OIL AND ANYTHING THAT MAKES US RUN IN THE WORLD, IT WAS FLOWING OUT OF THESE COUNTRIES AND INTO CHINA, WHICH IS A POWERHOUSE. SO, THINK A LOT OF THE BRICS SUCCESS IS DEPENDENT ON CHINA, A LOT OF THE WORLD SUCCESS IS DEPENDENT ON CHINA. THEY'RE OBVIOUSLY OUR LARGEST CUSTOMER FOR OUR SOYBEANS. WE'VE CHINA STRUGGLE. WE'VE SEEN BRAZIL STRUGGLE. DO WE SEE THAT CONTINUING. CAN THEY TURN THIS ECONOMIC THING AROUND? THEY CAN, YOU HAVE TO ASK THAT WHEN THEY WERE BOOMING WAS IT REAL? OR WAS IT GOVERNMENT SUBSIDIZED. LIKE OUR GOVERNMENT, WE HAD QUANTITATIVE EASING -Q1, Q2 AND Q3. IT'S FAIRLY COMMON FOR THE CHINESE GOVERNMENT TO PROP UP THE ECONOMY. AS OUR GOVERNMENTS GET OUT OF QUANTITATIVE EASING AND JUST LET THE MARKETS FLOW. I THINK PEOPLE ARE SURPRISED SOMETIMES HOW LOW THESE COMMODITIES GO. AS COMMODITIES GO LOWER THEY HAVE A TERRIBLE AFFECT. LOW PRICES ARE LIKE A CANCER. IF IT'S NOT TREATED RIGHT AWAY, IT'S VERY DETRIMENTAL TO THESE SOCIETIES THAT RELY SO MUCH ON NATURAL RESOURCES AND AG AS A WHOLE, AND MININING.
THAILAND CONSIDERS JOINING TPP:
ALSO IN DEVELOPING NATION NEWS, THAILAND CONSIDERING MEMBERSHIP INTO THE TRANS PACIFIC PARTNERSHIP.
THE COUNTRY SAYING HOWEVER THAT IT FIRST NEEDS TO WEIGH THE IMPACT OF THE AGREEMENT ON ITS ECONOMY.
THE 12 NATION DEAL IS CURRENTLY AWAITING FINAL APPROVAL FROM MEMBER COUNTRIES--INCLUDING AN UP OR DOWN VOTE FROM CONGRESS.
PRESIDENT BARACK OBAMA ON TUESDAY SAID HE WAS CONFIDENT THE WORLD WILL FORGE A MAJOR CLIMATE CHANGE AGREEMENT IN THE COMING WEEKS. OBAMA SPOKE AS HE ENDED A TWO-DAY TRIP TO PARIS FOR A UNITED NATIONS CONFERENCE ON CLIMATE.
HE WAS AMONG DOZENS OF LEADERS WHO DESCENDED ON THE CITY TO KICK OFF THE FINAL WEEKS OF TALKS ON AN INTERNATIONAL AGREEMENT TO REDUCE GLOBAL CARBON EMISSIONS.
"ALL OF THIS WILL BE HARD. GETTING 200 NATIONS TO AGREE ON ANYTHING IS HARD AND I AM SURE THERE WILL BE MOMENTS OVER THE NEXT TWO WEEKS WHERE PROGRESS SEEMS STYMIED AND EVERYONE RUSHES TO WRITE THAT WE ARE DOOMED. BUT I AM CONVINCED THAT WE'RE GOING TO GET BIG THINGS DONE HERE."
THE PRESIDENT SAYS NEGOTIATORS ARE WORKING ON AN AGREEMENT TO NOT ONLY ROLL BACK POLLUTION LEVELS BUT AN AGREEMENT THAT HELPS THE ECONOMIES GROW.
USDA AG JOINS CLIMATE CONFERENCE IN PARIS:
LATER TODAY, USDA AG SECRETARY TOM VILSACK WILL ALSO BE IN PARIS SPEAKING AT THE CLIMATE CONFERENCE.
VILSACK IS PLANNING TO FOCUS ON AGRICULTURAL PRODUCTION AND FOOD SECURITY.
2020 GROUND WATER LAW COULD SHRINK AG PRESENCE IN CALIFORNIA:
A STRONG EL NINO IS EXPECTED TO BRING MORE RAIN TO THE WEST COAST WINTER. IN CALIFORNIA, FOUR YEARS OF HISTORIC DROUGHT CONTINUES TO IMPACT AG PRODUCERS. HOWEVER, HEAVY GROUND WATER PUMPING MAY NOT BE AN OPTION IN COMING YEARS. A NEW STATE LAW REGULATING THE EXTRACTION OF GROUNDWATER IS TO TAKE EFFECT IN 2020. THE SACRAMENTO BEE REPORTING THE LAW COULD SHRINK AG'S PRESENCE IN THE GOLDEN STATE. AS MANY AS 300-THOUSAND ACRES COULD PERMANENTLY DISAPPEAR FROM PRODUCTION IF LIMITS ARE IMPOSED.
CME:
NOT DROUGHT BUT SNOW COVERING PARTS OF THE MIDWEST THIS WEEK.MIKE HOFFMAN SHARING THE DETAILS FROM THE FLOOR OF THE CME IN CHICAGO.
GOOD MORNING CLINTON. WELL, IT'S A BEEN A SNOWY COUPLE OF DAYS IN SOUTHEAST SOUTH DAKOTA.
MANY TOWNS HAVE SET RECORD DAILY SNOWFALL TOTALS EARLIER IN THE WEEK... RECEIVING 6 TO 9 INCHES OF SNOW.
VISIBILITY IS GETTING BETTER. THE AREA WILL SEE SOME WARMER TEMPERATURES LATER IN THE WEEK.
MOVING TO NORTHEAST IOWA, JEFF KRAMER SENT US THIS PHOTO OF HIM MOVING MACHINERY IN THE SNOW.
HE SAYS THE AREA RECEIVED 10 INCHES OF SNOW ABOUT A WEEK AGO. HE HASN'T SEEN ANY ACCUMULATION SINCE THEN. SUN IS IN THE FORECAST FOR THE REST OF THIS WEEK. AND TAKING A LOOK AT THE WEATHER MAP YOU CAN FINALLY SEE THAT WEATHER SYSTEM MOVING EASTWARD STILL A FEW SNOW SHOWERS IN PARTS OF IOWA THERE RAIN INTHE EAST COAST RAIN AND SNOW IN THE NORTH WEST I'LL HAVE MY FORECAST COMING UP.
TEASE:
UP NEXT WE'RE FOLLOWING THE MONEY. DUSTON JOHNSON JOINS ME AT THE AGRIBUSINESS DESK TO DISCUSS WHERE MONEY MANAGERS ARE MOVING THEIR FUNDS AND HOW IT COULD IMPACT COMMODITY PRICES.
RICE CONTINUES TO BE A MAJOR CROP FOR PARTS OF THE MID-SOUTH. LATER ON AGDAY WE'LL SEE HOW FARMERS IN ARKANSAS ARE USING THAT CROP TO HELP FEED THE HUNGRY HERE AT HOME.
CLOSING MARKETS:
IN AGRIBUSINESS ANOTHER INTERESTING DAY FROM CHICAGO. LETS SEE HOW MARKETS CLOSED AT THE FLOOR OF THE CME. TUESDAY'S GRAIN TRADE MIXED ACROSS THE BOARD. I DON' T KNOW IF THERE'S ANYTHING TO GET EXCITED ABOUT. VOLUME IS A LITTLE BETTER THAN RECENTLY. OVERALL, EVERYONE IS KIND OF WAITING AND WE'RE BUILDING THIS ON THE FEDERAL RESERVE AND WHETHER OR NOT THEY'RE GOING TO RAISE INTEREST RATES. OVERALL, I THINK THERE'S STILL A LOT OF THINGS THAT CAN HAPPEN IN OUR FAVOR. I THINK IF YOU CAN STORE IF YOU'RE A PRODUCER OR FARMER, I THINK YOU CAN STORE, I THINK YOU STORE AND GET HIGHER PRICES LATER IN THE ROAD. IF YOU'RE NOT HEDGED, YOU SHOULD BE HEDGED. OVERALL, I THINK THE MARKETS ARE QUIET AND A LOT WILL DEPEND ON WHAT HAPPENS THE NEXT COUPLE OF WEEKS GOING INTO THE HOLIDAYS. TUESDAY'S LIVESTOCK, AGAIN, WE CONTINUE TO SEE CATTLE UNDER PRESSURE AND HOGS HAD TO EXPLODE. THE STORY HAS BEEN SIMPLE. FEEDER CATTLE, EVERY TIME THEY GO UP TO A RESISTANCE LEVEL WHICH LAST WEEK, THAT WAS 1.60 TO 168. THAT'S WHEN YOU'RE MOST LIKELY TO SELL. THAT'S EXACTLY WHAT THEY DID. NOW BACK HERE AROUND 1.60. OF COURSE HOGS, WE WERE LOOKING AT THE 56, 57 LEVEL AND WE THOUGHT ONCE WE GOT THROUGH THAT, WE COULD SEE A RUN. NOW WE'RE AT THE 60 AREA. IF WE CAN GET THROUGH, WE HAVE MORE ON THE UPSIDE, BUT AGAIN, IT'S GOING TO BE KEY HERE. I WOULD NOT BE A FRESH BUYER UP HERE. THAT'S THE WAY I SEE IT. THIS IS TODD HOROWITZ, FROM BUBBA TRADING.COM COMING TO YOU FROM THE CME GROUP IN CHICAGO.
AGRIBUSINESS:
JOINING US AT THE AGRIBUSINESS DESK IS DUSTIN JOHNSON FROM EHEDGER. DUSTIN ONE THING WE HAVEN'T TALKED ABOUT IN A WHILE IS WHAT ARE THE FUNDS DOING IN OUR COMMODITY MARKETS. FOR A FEW YEARS, THAT WAS REALLY A MAJOR DRIVER FOR US. ARE THEY STILL IN THE MARKET. WHAT'S HAPPENING. SURE, THE MANAGED MONEY IS USUALLY THE SIDE OF THE FUNDS THAT WE LIKE TO LOOK AT. WE TEND TO IGNORE THE INDEX FUNDS UNTIL THE TIME COMES WHEN THEY'RE RE-POSITIONING. BUT ON THE MANAGED MONEY SIDE, WE ARE LOOKING AT ANOTHER SHORT POSITION. ESPECIALLY IN THE CORN AND BEANS, THEY'RE BUILDING THEIR SHORT POSITION RIGHT NOW. THEY'RE STILL NOT AS SHORT AS THEY WERE IN MAY OF 2015. INTERESTING. THEY GOT ANOTHER 50,000 CONTRACTS TO GO IN BOTH CORN AND BEANS WHICH IS QUITE A BIG PORTION FOR THEM. IF THIS COMMODITY RUT CONTINUES, IF WE SEE CRUDE OIL TESTING 40 DOLLARS, AND THE BLOOMBERG COMMODITY INDEX HITTING MULTI YEAR LOWS, THAT COULD CONTINUE TO PUSH MORE TO SELL. AND SINCE OUR MARKETS ARE CARRY MARKETS, I THINK THEY'RE BETTER SELLERS THAN BUYERS. BECAUSE THEY HAVE LESS OF A COST ASSOCIATED WITH THOSE INVESTMENTS. HOW DOES THAT TRANSLATE FOR PRICE LATER IN THE YEAR. WELL, I THINK THE BIGGEST PRODUCT OF THE FUNDS, THERE'S A LOT OF ARGUMENT ABOUT THIS, BUT I THINK THEY MAKE LOWER LOWS AND HIGHER HIGHS POSSIBLE. IF YOU LOOK AT WHERE OWNERSHIP HAS BEEN FOR GRAINS, FUNDS HAVE BASICALLY BEEN SELLING A LOT OF THIS AS FARMERS HAVE BEEN HOLDING THEIR LONGS. SO, I THINK THE PORTION THAT PUSHED THE MARKET LOWER IS PARTIALLY INVESTMENT DRIVEN. AND THAT'S THE MARKET DISCOVERY THAT MAKES MARKETS PERFECT.THEY DECIDE HOW MUCH GRAIN IS OUT THERE AND DECIDE ACCORDINGLY. SO IF YOU HAVE SOME BUSHELS IN THE BIN, WHAT WOULD YOU BE DOING RIGHT NOW. WELL THE BIGGEST THING WITH THAT IS WE SAW IT THIS SUMMER WHEN THE WEATHER MARKET RALLIED, IT WAS A MUCH MORE ABRUPT RALLY. I'M NOT SAYING IT'S NOT POSSIBLE TO RALLY, BUT THERE IS A LOT GOING AGAINST CORN RIGHT NOW. SO IF THERE'S A CARRY, I ALWAYS ENCOURAGE COLLECTING THAT CARRY, SELLING FORWARD, GETTING THE GUARANTEE INCREASE IN RETURN...IF YOU'RE GOING TO SELL. FOR FARMERS WITH BUSHELS IN THE BIN, I THINK THIS IS ONE MORE NEGATIVE THING. IF IT'S A LARGE COST FOR SOME REASON, INTEREST, EXPENSE, COMMERCIAL STORAGE, THAT WE'D PROBABLY WANT TO PROBABLY GET RID OF THAT COST. LET GO OF SOME MORE CORN AS NEEDED. ALRIGHT THANKS DUSTIN APPRECIATE YOU BEING HERE. WE'LL BE BACK WITH MORE AGDAY IN JUST A COUPLE OF MINUTES. TAKE THE GUESSWORK OUT OF MARKETING, USING EHEDGERS AVAILABLE FARM MANAGEMENT SOFTWARE, CALL 866-433-4371.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE, YOU KNOW WE'VE SPENT SO LONG NOT TALKING ABOUT STORMS COMING IN OUT WEST. ALL OF THE SUDDEN, IT SEEMS LIKE EVERY WEEK OR EVERY FEW DAYS, WE HAVE ONE. WE HOPE THAT CONTINUES WITH THE EL NINO PATTERN, IT MAY VERY WELL. WE DO SEE A PROGRESSION OF STORMS COMING EASTWARD. AND YOU CAN SEE THE NEXT ONE IN THAT PROGRESSION OF STORMS MOVING INTO THE PACIFIC NORTHWEST WITH SOME RAIN AND MOUNTAIN SNOWS OUT THERE.
THE ONE PRECEDING, IT'S BEEN A COUPLE OF DAYS, DUMPING SNOW IN PARTS OF THE UPPER MIDWEST, THAT STORM IS NOW SLOWLY MOVING EASTWARD. THERE'S A FAIR AMOUNT OF RAIN WITH THAT SYSTEM IN THE EAST AND SOUTHEASTERN PARTS OF THE COUNTRY. SAME THING IN NEW ENGLAND. THERE'S SOME SNOW IN THE BACK EDGE OF THIS IN PARTS OF THE GREAT LAKES. THIS WILL NOT BE A BIG SNOW MAKER THOUGH FOR MOST OF THE GREAT LAKES. NOW YOU'LL NOTICE WITH THIS NEXT SYSTEM, KIND OF WEAKENING AS IT COMES INLAND. WE DON'T SEE A LOT OF MOISTURE COMING EAST WITH THAT. YOU'LL NOTICE THERE'S ONE BEHIND IT. THAT WILL HAVE A LOT OF MOISTURE WITH IT. THAT FIRST ONE COMES INTO THE NORTHERN PLAINS STATES DRY AS YOU CAN SEE BY TOMORROW MORNING AND THE FIRST SYSTEM MOVING OFF THE EAST COAST. YOU CAN SEE SOME SHOWERS IN FLORIDA LINGERING RAIN AND SNOW SHOWERS IN THE NORTHEASTERN PARTS OF THE COUNTRY. THEN WE REALLY GET WET FROM CENTRAL AND NORTHERN CALIFORNIA UP THE COAST AS YOU CAN SEE THERE IN WASHINGTON AND OREGON IN THAT NEXT SYSTEM COMING EAST. RAINFALL ESTIMATES OVER THE PAST 24 HOURS, THE MAJORITY HAS FALLEN IN THE SOUTHEASTERN PARTS OF THE COUNTRY. ONE TO TWO INCHES OF RAIN IN PARTS OF THE EASTERN TENNESSEE VALLEY, NORTHERN DIXIE. THAT WILL CONTINUE TO SPREAD NORTHEASTWARD AS WELL. AS WE ADD ON THE NEXT 36 HOURS, WE SEE SOME DECENT AMOUNTS OF RAIN ALTHOUGH LITTLE LIGHTER UP NORTHEAST. YOU'RE STILL TALKING A HALF TO ONE INCH IN AREAS, MAYBE A LITTLE MORE. LOOK AT SOME OF THE HEAVIER AMOUNTS FROM THE COASTAL CALIFORNIA AREAS RIGHT ON UP INTO WESTERN WASHINGTON.THAT'S 2 TO 3 INCH AMOUNTS POSSIBLE IN THOSE PARTS OF THE COUNTRY. SNOWFALL ESTIMATES, WE'RE AT LEAST LIGHTENING THINGS UP A LITTLE BIT. WE'VE SEEN LIGHT ACCUMULATIONS IN THE NORTHERN ROCKIES. ADDING ON THE NEXT 36 HOURS, DOWN WIND FROM LAKE MICHIGAN. A LITTLE BIT IN NEW
ENGLAND AND A LITTLE BIT IN THE WEST. EVEN THE SIERRA NEVADAS IN THE ACT THIS TIME. HIGH TEMPERATURES THIS AFTERNOON, LOTS OF 30S FROM WEST TO EAST. THAT'S FROM THE NORTHWEST TO PARTS OF THE NORTHEAST. 40S AND 50S DOMINATING THE CENTER OF THE COUNTRY. ONLY FLORIDA IS MILD WITH 70S AND 80S THERE. COOLER WEATHER DOWN THERE THOUGH. LOWS BY MORNING, JACKSONVILLE, 57. MOST AREAS YOU CAN SEE LOTS OF 20S AND 30S THERE. HIGH TEMPERATURES TOMORROW AFTERNOON, STILL 30S IN THE UPPER MIDWEST AND 40S AND 50S IN NORTHERN ALABAMA AND NORTHERN GEORGIA. THERE'S THE JET STREAM. YOU CAN SEE THAT CUT-OFF LOW FINALLY MERGING AND THEN WATCH THE PROGRESSION OF LITTLE TROUGHS COMING WEST TO EAST MOVING RIGHT ALONG. THAT WILL KEEP THINGS MOVING AND MOISTURE COMING IN AS WELL. THAT'S A LOOK ACROSS THE COUNTRY.
REGIONAL WEATHER:
NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIRST OF ALL, FOR POCATELLO, IDAHO, TODAY, A MIXTURE OF SUNSHINE AND CLOUDS. THE HIGH IS 32 DEGREES. TOPEKA, KANSAS IS PARTLY SUNNY ON THE CHILLY SIDE BUT NOT BAD. THE HIGH IS 44. IN ANNAPOLIS, MARYLAND IS CLOUDY WITH TIMES OF RAIN TODAY. THE HIGH IS AROUND 58.
TEASE:
THEY KEYSTONE XL PIPELINE MAY BE OFF BUT ANOTHER OIL PIPELINE IS STILL MOVING FORWARD. DETAILS NEXT.
AND LATER WE'LL SEE HOW ARKANSAS RICE PRODUCERS ARE HELPING FEED THE HUNGRY IN THEIR OWN COMMUNITIES.
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 DEC. 16 SO DON'T DELAY.
OIL PIPELINE ONE STEP CLOSER TO CARRYING OIL THROUGH FOUR STATES:
A PROPOSED PIPELINE THAT COULD CARRY CRUDE OIL FROM THE BAKKAN OIL FIELDS IN NORTH DAKOTA TO A HUB IN ILLINOIS IS ONE STEP CLOSER TO A REALITY---AT LEAST IN ONE STATE.
SOUTH DAKOTA'S PUBLIC UTILITIES COMMISSION VOTING TO APPROVE THE STATE'S PORTION OF A CONSTRUCTION PERMIT--WITH CONDITIONS--FOR THE DAKOTA ACCESS PIPELINE.
THE PROJECT PROPOSED BY ENERGY TRANSFER PARTNERS WILL MOVE AT LEAST 450-THOUSAND BARRELS OF CRUDE DAILY THROUGH ROUGHLY 11HUNDRED MILES OF PIPELINE. SOUTH DAKOTA IS THE FIRST STATE TO MAKE A DECISION ABOUT THE PIPELINE.
THE PARTNERS WILL NEED APPROVAL FROM EACH OF THE FOUR STATES THE PIPELINE CROSSES.

AVIAN FLU FIRST IN SOUTH KOREA, NOW FRANCE:
FIRST SOUTH KOREA, NOW FRANCE DEALING WITH NEW CASES OF AVIAN FLU.
H-5-N-1 STRAIN CONFIRMED IN A FLOCK OF 30 BACKYARD BIRDS IN THE SOUTHWEST PART OF THE COUNTRY.
STATE OFFICIALS HAVE SET UP PERIMETERS AND CULLED THE FLOCK. FRANCE SAYS ITS THE FIRST HIGH-PATH AVIAN FLU OUTBREAK IN THE COUNTRY SINCE 2007. THE AREA IT WAS FOUND IS A MAJOR POULTRY PRODUCING REGION.
HEALTH STATISTICS SHOW A DROP IN DIABETES CASES:
IN HEALTH NEWS, NEW FEDERAL HEALTH STATISTICS FROM CDC SHOWING THE NUMBER OF NEW DIABETES CASES FALLING FOR THE FIRST TIME IN DECADES. THE NUMBER OF NEW CASES DROPPING FROM 1 POINT 7 ANNUALLY IN 2009 TO ONE POINT 4 IN 2014.
WHILE NOT A DRAMATIC FALL, HEALTH OFFICIALS SAY IT COULD BE A SIGN AMERICAN'S ARE SLOWING GAINING IN THE FIGHT AGAINST DIABETES AND OBESITY.
TEASE:
STILL TO COME, ONE OF ARKANSAS' TOP CASH CROPS IS HELPING TO FILL HUNGER-RELIEF BASKETS THIS YEAR. DETAILS WHEN WE COME BACK.
IN THE COUNTRY:
ARKANSAS IS THE NUMBER ONE RICE PRODUCING STATE IN THE COUNTRY. THIS YEAR, ARKANSAS FARMERS HARVESTED ABOUT ONE-POINT-THREE MILLION ACRES -THAT'S ABOUT HALF OF THE ENTIRE NATION'S RICE PRODUCTION.
SO IT STANDS TO REASON THAT RICE CAN PLAY AN IMPORTANT ROLE IN HUNGER RELIEF PROGRAMS IN THE STATE. KEN MOORE FROM THE ARKANSAS FARM BUREAU HAS OUR STORY.
"WE'RE A NON-PROFIT LOCATED IN ROGERS, ARKANSAS. AND HAVE BEEN IN OPERATION NOW FOR ALMOST TWO YEARS," SAID DAVID KIMBROW, WHO COORDINATES "FEED THE FUNNEL" PARTIES FOR THE PACK SHACK ORGANIZATION.
"WE TRY TO RAISE AWARENESS OF HUNGER ISSUES IN OUR COUNTRY, BUT STARTED OUT JUST IN NORTHWEST ARKANSAS WHICH ARKANSAS IS LEADING THE NATION NOW WITH A POPULATION THAT HAS FOOD INSECURITY. A QUICK STATISTIC ON THAT JUST FOR ARKANSAS RIGHT NOW IS, ABOUT 1 IN EVERY 4 CHILDREN DO NOT KNOW WHERE THE NEXT MEAL'S COMING FROM. AND, I THINK THE NUMBER IS 1 IN 3 OF OUR SENIOR CITIZENS DON'T KNOW WHERE THE NEXT MEAL IS COMING FROM AND THAT'S NOT OKAY. AND THERE'S A LOT OF THINGS THAT CAN BE DONE ABOUT THAT. "WE'RE HOPING TO HIT THE 5 MILLION MEAL PACK MARK LATER THIS YEAR OR BY DECEMBER 20 IS ACTUALLY OUR GOAL. IT'S A BIG GOAL BUT WE WORK WITH RELIGIOUS ORGANIZATIONS, BUSINESSES.
NOBODY'S OFF LIMITS. WE GET PEOPLE TOGETHER AND GET THEM AROUND A FUNNEL AND SHOW THEM HOW TO PACK MEALS AND WE THROW A PARTY WHILE WE DO IT." THE ARKANSAS FARM BUREAU WOMEN'S COMMITTEE PARTICIPATED IN A "FEED THE FUNNEL" EVENT AT THE RICE DEPOT OCTOBER 13. THE MAIN INGREDIENT IN EACH BAG IS RICE AND IS MIXED WITH SOY PROTEIN, A VITAMIN MINERAL MIX, DRIED VEGETABLES, CHEESE AND A TOUCH OF SALT. EACH BAG CONTAINS EIGHT SERVINGS. IN LESS THAN TWO HOURS THE COMMITTEE PACKED 648 BAGS OR THE EQUIVALENT OF 5,000 MEALS. "WE WANTED TO BE A PART OF THIS AND LAST YEAR AT OUR WOMEN'S MEETING WE HAD THE RICE DEPOT COME AND EXPLAIN WHAT THEY DID SO WE WANTED TO COME AND EXPERIENCE," SAID JANICE MARSH, CHAIR OF THE ARKANSAS FARM BUREAU WOMEN'S COMMITTEE.
"WE NEED THIS IN OUR COUNTIES AND WE NEED THIS IN OUR STATE. WE NEED TO FEED OUR CHILDREN. WE GROW MORE RICE THAN ANYBODY ELSE DOES IN THE UNITED STATES IN ARKANSAS AND THERE'S NO REASON THAT WE SHOULD HAVE HUNGRY KIDS OR HUNGRY EVEN ADULTS. WE SHOULD BE ABLE TO PARTICIPATE IN PROGRAMS LIKE THIS AND FEED AT LEAST OUR STATE THAT NEEDS IT." THE WOMEN'S COMMITTEE IS ALSO PARTNERING WITH THE YOUNG FARMERS AND RANCHERS COMMITTEE IN SUPPORTING THE BACKPACK PROGRAM IN LOCAL SCHOOLS. COUNTY FARM BUREAUS DONATE CASH OR EASY-TO-PREPARE FOOD ITEMS SUCH AS THIS TO SCHOOLS TO ENSURE STUDENTS WHO DO NOT HAVE FOOD TO EAT WHEN THEY GO HOME FOR THE WEEKEND WILL NOT GO HUNGRY.
THIS IS KEN MOORE REPORTING.
CLOSING:
LOUISIANA HAS THE SECOND MOST AMOUNT OF RICE ACRES...ABOUT 400THOUSAND. THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.
FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. COMING UP ON THE NEXT AGDAY WE'LL SEE IF A REPORT, CRITICAL OF BEEF, HAS ANY IMPACT ON CONSUMER DEMAND.
PLUS THE LATEST MARKET NEWS FROM CHICAGO. WATCH US WEEKDAYS HERE ON AGDAY.

 

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