AgDay Daily Recap -February 26, 2015

February 26, 2015 02:57 AM
 

TODAY ON AGDAY
FEBRUARY 26, 2015

OPEN HEADLINES:
TODAY ON AGDAY - GRAIN GROWERS AND GROUPS GATHER FOR COMMODITY CLASSIC.THE BAYER CROP SCIENCE AG ISSUES FORUM IS UNDERWAY IN PHOENIX, ARIZONA. WE'LL HAVE COMPLETE COVERAGE OF THE DISCUSSIONS, COMING UP ON AGDAY. PLUS, THE SPRING OUTLOOK FOR PLANTING SEASON…IN AGRIBUSINESS....IS THERE A SILVER LINING IN GRAIN PRICES. THERE ARE SEVEN BILLION PEOPLE IN THE WORLD AND AS THE DIET OF THE WORLD POPULATION CHANGES THERE'S NO BETTER PERSON IN THE WORLD THAN THE AMERICAN FARMER TO PROVIDE THE CORN WHEAT AND SOYBEANS AND SMOKIN' IN NORTH DAKOTA, THESE ENTREPRENEURS ARE HOPING TO CASH IN ON THE OIL BOOM BY SERVING UP TEXAS QUALITY BAR-B-QUE. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
COMMODITY CLASSIC:
GOOD MORNING I'M CLINTON GRIFFITHS. WHAT WILL TWENTY-15 HOLD FOR AMERICA'S FARMERS? WILL WASHINGTON POLICY HAMPER OR HELP? WHAT DIRECTION WILL GRAIN PRICES HEAD? WE'LL LEAD THE CONVERSATION AS COMMODITY CLASSIC GETS UNDERWAY IN ARIZONA...AND THAT'S OUR TOP STORY ON AGDAY.
SPRING FORECAST:
PEOPLE ATTENDING COMMODITY CLASSIC ARE GETTING A NICE DOSE OF WEATHER - ESPECIALLY IF THEY FLED THE "FROZEN TUNDRA".  FOR MANY IT’S ONE LAST GET AWAY BEFORE A NEW SEASON OF FIELDWORK BEGINS. BEFORE HEADING TO PHOENIX, BETSY TALKED WITH SEVERAL METEOROLOGISTS - INCLUDING OUR OWN MIKE HOFFMAN - ABOUT THE LIKELY WEATHER CONDITIONS FOR THE UPCOMING PLANTING SEASON.
CROP WATCH:
THE EXCITEMENT OF A NEW CALF CAN BE "CHILLED" SOMEWHAT WHEN SNOW IS FALLING AND ARCTIC WINDS ARE HOWLING. BUT IT CAN STILL PROVIDE SOME MEMORABLE IMAGES, AS MIKE HOFFMAN SHOWS US IN CROPWATCH.
SENATE HEARING:
ALSO IN WASHINGTON, PROPOSED CROP INSURANCE CUTS AND EPA DELAYS IN ISSUING NEW RENEWABLE FUELS TARGETS CONTINUE TO DOMINATE AG LAWMAKERS CONCERNS. BOTH WERE AMONG KEY TOPICS AT A TUESDAY SENATE HEARING ON FARM BILL IMPLEMENTATION.
TEASE:
STILL TO COME, FARM DIRECTOR AL PELL--ALWAYS ONE TO LOOK ON THE BRIGHT SIDE--DISCUSSES THE SILVER LINING OF LOWER CROP PRICES.
CME REPORT:
IN AGRIBUSINESS IT WAS ANOTHER MIXED SESSION IN MARKETS. LET’S GET DETAILS FROM THE FLOOR OF THE CME.
ANALYSIS INTRO:
WITH PRICES DOWN COMPARED TO THE LAST FEW YEARS, THE AG ECONOMY IS IN AN ADJUSTMENT PERIOD. IN THIS MORNING'S ANALYSIS FARM DIRECTOR AL PELL TALKS WITH ONE ANALYST LOOKING AT THE SILVER LINING IN LOWER PRICES.
TEASE:
UP NEXT, A QUICK CHECK ON CATTLE MARKETS AND WHICH SECTORS ARE STILL IN THE GREEN.
COOL COMMENTS:
DURING RECENT HEARINGS ON CAPITOL HILL, AG SECRETARY VILSACK SAYS USDA IS STUCK WHEN IT COMES TO COUNTRY OF ORIGIN LABLEING. THE AGAENCY IS WAITING ON AN APPEAL RULING FROM THE WTO. THIS AFTER THE POLICY WAS CONTESTED BY CANANDA AND MEXICO--CALLING THE MANDATE THAT CERTAIN MEAT PRODUCTS CARRY LABLES INDICATING WHERE THE ORIGINATING ANIMAL WAS BORN, RAISED AND SLAUGHTERED--A VIOLATION OF TRADE RULES. THE NATIONAL CATTLEMEN'S ASSOCIATION DOES NOT SUPPORT THE LEGISLATION--AND LIKE VILSACK--SAYS IT GOING TO TAKE CONGRESSIONAL ACTION TO FIX IT.
ITC TNT BBQ:
NORTH DAKOTA IS OVERFLOWING WITH ENTREPRENEURS WHO HAVE MOVED TO THE STATE TO START BUSINESSES THAT SUPPORT ALL THE ENERGY EXPLORATION AND DEVELOPMENT GOING ON IN THE BAKKEN OIL FEED. TNT BARBECUE IS A GOOD EXAMPLE OF THE RISK AND REWARD SPIRIT THAT'S THRIVING IN OIL COUNTRY. CLIFF NAYLOR FROM AFFILIATE REPORTS…
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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