AgDay Daily Recap -February 27, 2015

February 27, 2015 02:57 AM
 

TODAY ON AGDAY
FEBRUARY 27, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY- FIND OUT HOW THE WHITE HOUSE PLANS TO BOOST EXPORTS FOR PRODUCTS MADE IN FARM COUNTRY. EXPORTS AND TRADE ARE POPULAR TOPICS AT COMMODITY CLASSIC. BETSY JIBBEN REPORTS FROM PHOENIX IN AGRIBUSINESS...TECHNICALLY SPEAKING..WHERE IS CORN HEADED? MORE COUNTRIES BAN BEEF FROM CANADA…AND CURLING UP WITH A GOOD BOOK--IS A COMMUNITY AFFAIR. READ ALONG WITH A TENNESSEE EXTENSION BOOK CLUB TODAY ON IN THE COUNTRY.AGDAY BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
RURAL EXECUTION ACTIONS:
GOOD MORNING I'M CLINTON GRIFFITHS. THE WHITE HOUSES LAUNCHES A PLAN TO BOOST THE ECONOMY IN FARM COUNTRY BY HELPING RURAL BUSINESSES EXPORT MORE OF THEIR GOODS...AND THAT'S OUR TOP STORY ON AGDAY.
COMMODITY CLASSIC TRADE:
TRADE AND EXPORTS CONTINUE TO BE TOP OF MIND FOR THE NATION'S GRAIN GROWERS.
AGDAY NATIONAL REPORTER BETSY JIBBEN IS IN PHEONIX AT THE COMMDITY CLASSIC WITH MORE. BETSY.
WEEKLY EXPORT SALES:
THANKS BETSY.NEW WEEKLY EXPORT NUMBERS SHOW WHEAT SHIPMENTS ROSE TO THEIR HIGHEST LEVEL IN MORE THAN 3 MONTHS. EXPORTS COMING IN AT NEARLY 494-THOUSAND METRIC TONS--43 PERCENT ABOVE THE PRIOR 10 WEEK AVEARGE…JAPAN AND IRAQ THE MAJOR DESTINATIONS…WHILE CORN SALES FOR THE WEEK WERE LOWER, EXPORTS ROSE ABOUT 25 PERCENT OVER LAST WEEK. BOTH SOYBEANS SALES EXPORTS COMING IN LOWER FOR THE WEEK.
AG EQUIPMENT EXPORTS:
SPEAKING OF EXPORTS, THE ASSOCIATION OF EQUIPMENT MANUFACTURERS SAYS EXPORTS OF U.S. FARM MACHINERY FELL SHARPLY IN 2014.
CROP WATCH:
A NICE IMPROVEMENT IN THE DROUGHT PICTURE IN PARTS OF THE MID-SOUTH…MIKE HOFFMAN HAS THE DETAILS IN CROPWATCH.
HOUSE AG SNAP:
HOUSE AG COMMITTEE REPUBLICANS LAUNCHING A FULL REVIEW OF THE SNAP PROGRAM THIS WEEK. YOU'LL REMEMBER THE STRONG PARTISAN DEBATE OVER THAT PROGRAM DURING THE FARM BILL VOTE.  AG COMMITTEE CHAIRMAN MIKE CONAWAY SAYS SINCE IT BEGAN IN 1964 - THE PROGRAM HAS GONE FROM SERVING 500-THOUSAND PEOPLE TO MORE THAN 47-MILLION. HE'S ARGUING THAT SNAP SHOULD DO MORE TO ENCOURAGE WORK - NOT JUST PAY OUT CASH.  SNAP EXPERTS TESTIFIED THAT WITH THE ECONOMIC RECOVERY - THE SHARE OF SNAP RECIPIENTS-- WHO WORK-- HAS RISEN SHARPLY WITH RECIPIENTS DROPPING BY 1.5-MILLION OVER THE LAST 18-MONTHS…
ARC PLC SIGNATURE:
EARLIER THIS WEEK, AGRICULTURE SECRETARY TOM VILSACK TELLING THE SENATE AG COMMITTEE, HE'S WATCHING SIGN-UP NUMBERS FOR THE NEW CROP PROGRAMS.
SO FAR - ONLY ABOUT A QUARTER OF ELIGIBLE PRODUCERS HAVE MADE AN ELECTION BETWEEN A-R-C AND P-L-C PROGRAMS.  SENATE AG CHAIR PAT ROBERTS ASKED VILSACK IF THE DEADLINE FOR CROP FARMERS WOULD BE EXTENDED - LIKE IT WAS FOR THE DAIRY PROGRAM. VILSACK DIDN'T RULE IT OUT - BUT NOTED HE IS RELUCTANT TO DO SO.
TEASE:
NO DOUBT GRAIN PRICES ARE LOWER, BUT WHERE ARE THEY HEADED. FARM DIRECTOR AL PELL ASKS THE QUESTION FOR CORN GROWERS NEXT IN ANALYSIS.
CME REPORT:
IN AGRIBUSINESS...MARKETS SPENT A LOT OF TIME IN THE GREEN. LET’S SEE WHERE THINGS CLOSED FROM THE FLOOR OF THE CME.
SPLITT CORN PRICES:
CORN PRICES SEEM TO BE JUST BOUNCING AROUND AS OF LATE. FARM DIRECTOR AL PELL TAKES A LOOK AT WHAT TECHNICAL ANALYSIS MIGHT TELL US ABOUT PRICES IN THE NEAR TERM.
TEASE:
STILL TO COME, IMPACTS FROM THE TRUCKER STRIKE IN BRAZIL AND OFFICIALS THERE ARREST A MAN ACCUSED OF CLEAR CUTTING THE RAINFOREST.
TRUCKER STRIKES:
THE BRAZILIAN GOVERNMENT AND TRUCK DRIVER UNIONS SAY THEY'VE REACH AN AGREEMENT TO END A WEEKLONG PROTEST...THAT'S BEEN HAMPERING GRAIN SHIPMENTS AND HARVEST. OFFICIALS AGREEING TO TERMS THAT INCLUDE, SUSPENDING TEMPORARILY FUEL PRICE INCREASES, LOWERING TOLLS, AND REVISING FREIGHT COST CALCULATIONS. DESPITE THE AGREEMENT MANY DRIVERS WERE STILL BLOCKING ROADWAYS THURSDAY. SHORTAGES OF GASOLINE AND OTHER PRODUCTS CONTINUE.
JBS MEAT:
MEAT PRODUCTION IN BRAZIL ALSO IMPACTED. J-B-S SHUTTING DOWN 8 PROCESSING PLANTS BECAUSE OF THE ROADBLOCKS...AND IT'S STRUGGLES TO GET DELIVERIES. JBS DID NOT SAY HOW LONG IT WOULD SUSPEND WORK.
BRAZIL CLEAR CLUTTER:
ALSO IN BRAZIL, STATE OFFICALS HAVE ARRESTED A MAN THOUGHT TO BE THE AMAZON'S SINGLE BIGGEST DEFORESTER. HE IS ACCUSED OF OPERATING A NETWORK THAT ILLEGALLY SEIZED FEDERAL LANDS--INCLUDING RAINFOREST--CLEAR CUTTING IT AND SELLING THE LAND TO CATTLEMEN FOR GRAZING. OFFICIALS CALLING THE AMOUNT OF MONEY HE WAS MANAGING SCARY.  HE FACES CHARGES FOR ILLEGAL DEFORESTATION AND MONEY LAUNDERING. BRAZIL SAYS MORE THAN 18-HUNDRED SQUARE MILES OF RAINFOREST WERE DESTROYED FROM MID-2013 TO JULY 2014.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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