AgDay Daily Recap -December 15, 2014

December 15, 2014 02:57 AM
 

TODAY ON AGDAY
DECEMBER 15, 2014


OPEN HEADLINES:
COMING UP MONDAY ON AGDAY A BIG CROP IN THE MIDWEST MEANS A BUSY SHIPPING SEASON ON THE MISSISSIPPI EVEN AS WINTER MOVES-IN. IN AGRIBUSINESS...THE IMPACTS OF A STRENGTHENING DOLLAR. MEANING WE DON'T EXPORT AS MUCH BECAUSE IT MAKES IT MORE EXPENSIVE TO IMPORT OUR PRODUCT TO OTHER COUNTRIES AND WHO KNEW OL' SAINT NICK SPENT SO MUCH TIME IN TEXAS. AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
RIVER STORY 2:
GOOD MORNING I'M CLINTON GRIFFITHS. A BREAK IN THE WEATHER ACROSS THE MIDDLE OF THE COUNTRY IS HELPING THE RECORD SETTING 2014 HARVEST WRAP UP...AND THAT'S OUR TOP STORY ON AGDAY.
OIL PRICES:
THANKS BETSY, YOU HEARD HER MENTION THE SHIPPING OF OIL OUT OF THE DAKOTAS.
OIL A HOT TOPIC LAST WEEK...AS CRUDE PRICES BROKE BELOW THE SIXTY DOLLAR MARK.
THAT'S THE LOWEST ITS BEEN IN FIVE YEARS. CRUDE OIL PRICES HAVE FALLEN ABOUT 40 PERCENT THIS YEAR. THE DROP IS HAVING A BIG IMPACT IN SOME GLOBAL ECONOMIES...RUSSIA AND BRAZIL FOR EXAMPLE. HERE AT HOME, SOME OIL COMPANIES ARE ALREADY SCALING BACK EXPLORATION AND LAYING OFF WORKERS.
COTTON:
FALLING OIL PRICES IS HURTING COTTON DEMAND. AS WE TOLD YOU LAST WEEK, ITS MAKING TEXTILES LIKE POLYESTER CHEAPER TO PRODUCE.
MIR 160 APPROVAL:
MARKET REACTION LATE FRIDAY AROUND THE POSSIBLE APPROVAL OF SYNGENTA'S MIR 162 CORN TRAIT BY CHINA...
TEASE:
JUST AHEAD WE'LL SEE HOW THE MARKET CLOSED THE WEEK IN CHICAGO. PLUS THE GROWING STRENGTH OF THE U-S DOLLAR...HOW'S IT AFFECTING AG MARKETS?
PLUS, MACHINERY PETE SHOWS HOW A STRONG LIVESTOCK MARKET IS IMPACTING EQUIPMENT SALES.
ANALYSIS INTRO:
THANKS. NOW LET'S TALK ABOUT THE VALUE OF THE DOLLAR. IT'S BEEN GETTING STRONGER. FARM DIRECTOR AL PELL LOOKS AT THE POTENTIAL IMPACT ON AG MARKETS, AL.
YAMAHA GIVEAWAY:
MIKE HOFFMAN. THANKS. YOU'RE RUNNING OUT OF TIME IF YOU WANT TO ENTER THE DRAWING FOR THIS YAMAHA VIKING SIDE-BY--SIDE. WE WILL BE ANNOUNCING THE WINNER THIS FRIDAY MORNING ON AGDAY. IT'S SIMPLE ENOUGH TO ENTER. JUST GO TO AGDAY DOT COM AND CLICK ON THE YAMAHA VIKING BILLBOARD...MAKE SURE YOU DON'T HAVE AN AD BLOCKER TURNED-ON YOUR WEB BROWSER. AS WE'VE MENTIONED, THIS VIKING ALREADY HAS A FEW MILES ON IT SINCE PROFARMERS CHIP FLORY USED IT DURING HIS OUTDOORS ON THE FARM TAPING THIS FALL. BUT IT'S BARELY BROKEN IN. GOOD LUCK!
TEASE:
STILL TO COME MACHINERY PETE JOINS US WITH HIS "ALWAYS SOUND" ADVICE IN USED EQUIPMENT SALES.
MACH PETE:
WE'VE SEEN THE RECORD PRICES FOR LIVE CATTLE. THAT STRONG DEMAND IS ALSO BEING FELT IN EQUIPMENT SALES. MACHINERY PETE HAS DETAILS.
MACHINERY PETE:
THANKS, GREG. YOU CAN STAY UP TO DATE WITH THE LATEST DEALS BY FOLLOWING PETE ON TWITTER OR LIKING HIM ON FACEBOOK. IN ADDITION TO HIS WEEKLY SEGMENT ON AGDAY, HE'S ALSO FEATURED EVERY WEEK ON AGRITALK AND AGWEB DOT COM.
ITC TEXAS SANTA:
BRINGING A BIT OF THE NORTH POLE TO TEXAS, JIM FLETCHER HAS BEEN SPREADING CHRISTMAS CHEER SINCE 2007. PREFERRING TO BE CALLED "SANTA JIM," FLETCHER HAS SANTA OUTFITS FOR EVERY OCCASION, HE DRIVES A CUSTOM SLEIGH, AND HE'S NEVER OUT OF CHARACTER. JILL CRAIG HAS DETAILS FROM THE LONESTAR STATE.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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