AgDay Daily Recap -December 16, 2014

December 16, 2014 02:57 AM
 

TODAY ON AGDAY
DECEMBER 16, 2014

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - WILL AN EL NINO PAY A VISIT THIS WINTER. USDA'S METEOROLOGISTS WEIGH IN. IN AGRIBUSINESS...THE WEATHER IMPACTS ON MARKETS WE'RE IN A WEATHER MARKETS GOING TO BE WATCHING THE DEVELOPMENT OF THE CORN CROP AND THE SOYBEAN CROP IN BRAZIL AND ARGENTINA  PLUS, AN OUTBREAK OF BIRD FLU COULD HAVE A MAJOR IMPACT ON THE GLOBAL POULTRY INDUSTRY. AND I'M BETSY JIBBEN. SOME FUTURE FARMERS ARE USING A GREENHOUSE AS A CLASSROOM TO LEARN MORE ABOUT AGRICULTURE. THAT'S COMING UP AHEAD ON AGDAY. AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
EL NINO:
GOOD MORNING I'M CLINTON GRIFFITHS. WET WINTER, OR DRY WINTER? IT'S STILL ANYBODY'S GUESS...AND THAT'S OUR TOP STORY ON AGDAY.
OKLAHOMA TORNADO:
TAKE A LOOK AT THIS....ITS NOT SPRING A WINTER TIME TORNADO SPOTTED NEARLY OKLAHOMA CITY OVER THE WEEKEND. THE NATIONAL WEATHER SERVICE CONFIRMING THE TWISTER ON THE EASTERN SIDE OF OKLAHOMA COUNTY LATE SUNDAY AFTERNOON...
IT WAS PART OF THE STRONG SYSTEM OF THUNDERSTORMS THAT MOVED THROUGH THE CENTRAL PART OF THE STATE. THERE WERE NO REPORTS OF INJURY OR DAMAGE FROM THE FUNNEL. MIKE HOFFMAN HAS MORE IN TODAY'S CROPWATCH.
SENATE PASSES BILL:
THANKS MIKE. THE TRILLION DOLLAR OMNIBUS SPENDING PACKAGE PASSED THE SENATE OVER THE WEEKEND...WITH ALL THE GOODIES ATTACHED. AS ONE HEADLINE PUT IT...THERE'S EVEN PORK FOR PIGS. AG GROUPS OVERALL---REALITIVELY HAPPY WITH THE BILL THAT INCLUDED THINGS LIKE LIMITS ON EPA, SUPPORT FOR RANCHERS GRAZING FEDERAL LANDS OUT WEST, AND MONEY FOR RESEARCH ON PEDV AND CITRUS GREEN, AND ON. THE PRESIDENT IS EXPECTED TO SIGN IT.
SECTION 179:
MEANWHILE CURRENT SENATE AG COMMITTEE CHAIR DEBBIE STABENOW SAYS SHE EXPECTS THE VOTE ON SECTION 179 TO HAPPEN ANY DAY NOW. IT'S LIKELY TO RETROACTIVELY COVER 2014. IF APPROVED, SECTION 179 ALLOWS FARMERS TO DEDUCT UP TO 500-THOUSAND ON MACHINERY PURCHASES.
OREGON GMO:
SPEAKING OF GENETIC TRAITS...A RECOUNT CONFIRMING OREGON'S GMO LABELING BALLOT INITIATIVE WAS VOTED DOWN IN NOVEMBER.  THE FINAL TALLY SHOWS THE INITIATIVE LOST BY JUST 837 VOTES OUT OF 1.5 MILLION CAST. THE CAMPAIGN IN FAVOR OF LABELING HAS ADMITTED DEFEAT, BUT ADVOCATES SAY THE CLOSENESS OF THE VOTE MAKES THEM DETERMINED TO CONTINUE THE BATTLE.
TEASE:
SPEAKING OF GENETIC TRAITS...A RECOUNT CONFIRMING OREGON'S GMO LABELING BALLOT INITIATIVE WAS VOTED DOWN IN NOVEMBER. THE FINAL TALLY SHOWS THE INITIATIVE LOST BY JUST 837 VOTES OUT OF 1.5 MILLION CAST. THE CAMPAIGN IN FAVOR OF LABELING HAS ADMITTED DEFEAT, BUT ADVOCATES SAY THE CLOSENESS OF THE VOTE MAKES THEM DETERMINED TO CONTINUE THE BATTLE.
CME REPORT:
IN AGRIBUSINESS IT WAS ANOTHER MIXED DAY IN COMMODITY MARKETS. LETS GET THE DETAILS FROM THE FLOOR OF THE CME.
ANALYSIS INTRO:
ROW CROP HARVEST MAY BE OVER FOR THE MOST PART BUT THAT DOESN'T MEAN WEATHER ISN'T STILL IN PLAY WHEN IT COMES TO MARKETS.  FARM DIRECTOR AL PELL DISCUSSES IN TODAY'S ANALYSIS.
ANALYSIS:
HERE AT THE AGRIBUSINESS DESK HERE ON AGDAY WE'RE TALKING TO BRIAN BASTING OF ADVANCE TRADING AND BRIAN ONE OF THE THINGS THAT AFFECTS AND AFFECTS THE WORLD PRODUCTION OF AGRICULTURE AND THAT IS THE WEATHER IT'S TOTALLY UNPREDICTABLE 8 TO 10 MONTHS IN ADVANCE BUT WHAT DO YOU NEED TO DO. >> AL WE'VE GOT A WEATHER MARKET STARTING UP AGAIN HERE IN MID DECEMBER AND IT'S IN SOUTH AMERICA PRIMARILY BRAZIL AND ARGENTINA FROM THE MIDDLE OF DECEMBER I WOULD SUGGEST ALL THE WAY INTO AT LEAST THE MIDDLE OF FEBRUARY MAYBE THE FIRST OF MARCH WE'RE IN A WEATHER MARKETS GOING TO BE WATCHING THE DEVELOPMENT OF THE CORN CROP AND THE SOYBEAN CROP IN BRAZIL AND ARGENTINA IT'S A WIDE WINDOW OF INFLUENCE THERE BECAUSE FOR EXAMPLE THEY WON'T PLANT DOUBLE CROP CORN IN BRAZIL UNTIL FEBRUARY BUT THE POINT IS MANAGING A MARKET POSITION IN A WEATHER MARKET IS THE SAME WHETHER IT'S IN SOUTH AMERICA OR JUNE AND JULY HERE IN THE US MAINTAIN FLEXIBILITY IF THE MARKET DOES RALLY MOVE UP A PRICE FLOOR BUT MAINTAIN THAT UPSIDE OPPORTUNITY IF THE MARKET WERE TO CONTINUE TO RALLY. SOME GUYS ARE GOING TO SAY WHY SHOULD WE BE CONCERNED ABOUT THE WEATHER IN SOUTH AMERICA BUT THEY'RE PRODUCERS ARE CROPS AND THEIR CROPS ARE IN COMPETITION WITH US AROUND THE WORLD.  THEY HAVE A TREMENDOUS CAPABILITY FOR GROWING A RECORD CROP THIS YEAR THE ACRES ARE THERE THE PRODUCERS HAVE SHOW THEY CAN DO IT IT'S JUST MATTER NOW OF THE NEXT 6 TO 8 WEEKS OF WEATHER WHETHER OR NOT THEY WILL DO IT BUT THE CAPABILITY IS THERE THE ACREAGE IS THERE AND TO HAVE THE ABILITY TO BE A STRONG COMPETITOR WITH THE US IN THE WORLD MARKET NOT ONLY FOR SOYBEANS BUT ALSO FOR CORN. THEY GROW A LOT MORE THAN A LOT OF PEOPLE IN THE UNITED STATES REALIZE. YOU KNOW IT'S INTERESTING UP UNTIL THIS LAST SPIKE UP IN US PRODUCTION BRAZIL HAD THE POTENTIAL TO BE A LARGER BY ITSELF A LARGER SOYBEAN PRODUCER THAN THE US THIS YEAR BUT.  A LOT OF PEOPLE DON'T REALIZE THAT.  TREMENDOUS POTENTIAL AND TREMENDOUS GROWTH THE LAST 10 YEARS... THANK YOU WE'VE BEEN TALKING TO BRIAN BASTING OF ADVANCE TRADING HERE AT AGDAY BACK WITH MORE IN A MOMENT.
YAMAHA GIVEAWAY:
OKAY HERE IT IS.....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 OF THIS BAD BOY...ON FRIDAY MORNING. IT'S SIMPLE ENOUGH TO ENTER. JUST GO TO AGDAY DOT COM AND CLICK ON THE YAMAHA VIKING BILLBOARDS…AS WE'VE MENTIONED, THIS VIKING ALREADY HAS A FEW MILES ON IT PROFARMER'S CHIP FLORY USED IT DURING HIS OUTDOORS ON THE FARM TAPING THIS FALL. BUT IT'S BARELY BROKEN IN. GOOD LUCK!
TEASE:
ONCE YOU GET DONE FILLING OUT YOUR ENTRY, STICK AROUND. WE'VE GOT A LOOK AT WHERE MILK PRICES ARE HEADED IN 2015, IN OUR DAIRY TODAY REPORT.
DTR TPP:
TRADE CONTINUES TO BE AN OPPORTUNITY FOR THE DAIRY INDUSTRY. U.S TRADE REPRESENTATIVE MICHAEL FROMAN SAID LAST WEEK THAT SUPPORT FOR TRADE IS ENCOURAGING FOR THE WHITE HOUSE'S AMBITIOUS AGENDA.  HE SAYS TRADE ISSUES ALWAYS REQUIRE BIPARTISAN SUPPORT AND COOPERATION.  THE HILL REPORTING WHILE THE PRESIDENT IS GETTING SUPPORT FROM REPUBLICANS; THERE HAS BEEN PLENTY OF PUSHBACK FROM WITHIN HIS OWN PARTY.
DTR JAPAN BUTTER:
OVER IN JAPAN, THE COUNTRY IS NOW IN A BUTTER CRISIS. HOT WEATHER IN THE NATION'S MOST IMPORTANT DAIRY REGION LED TO LOWER OUTPUTS. AND SINCE MILK SELLS FOR MORE THAN BUTTER, PRODUCERS THERE ARE SLIDING AWAY FROM BUTTER. NOW GROCERY STORES ARE LIMITING CUSTOMERS TO A MAXIMUM OF TWO PACKAGE OF BUTTER EACH.
THE GOVERNMENT IS NOW MAKING EMERGENCY IMPORTS TO HELP WITH THE SHORTAGE.
ITC GREENHOUSE:
ONE INDIANA SCHOOL IS TAKING A BREAK FROM THE TEXTBOOKS...AND TEACHING STUDENTS ABOUT AGRICULTURE WITH A MORE HANDS-ON-APPROACH....USING A GREENHOUSE AS A CLASSROOM. AGDAY'S BETSY JIBBEN HAS THE STORY FROM UNION MILLS, INDIANA.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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Comments

 
Spell Check

Debe Hudson
London, AR
12/16/2014 08:52 AM
 

  Where is the information about Turkey refusing a boat full of gmo corn?

 
 

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