AgDay Daily Recap -Jan. 6, 2016

January 6, 2015 02:57 AM
 

TODAY ON AGDAY
JAN. 6, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY: THE PRESIDENT ANNOUNCES HIS PLAN TO BYPASS CONGRESS IN PURSUIT OF NEW GUN LAWS, “ THERE ARE ACTIONS WITHIN MY LEGAL AUTHORITY THAT WE CAN TAKE TO HELP REDUCE GUN VIOLENCE AND SAVE MORE LIVES.”
AND COULD AN EL NINO BE FOLLOWED BY  LA NINA?
FROM OUR AGRIBUSINESS DESK, BRIAN BASTING OF ADVANCED TRADING TALKS PREPARING FOR JANUARY REPORTS.
“ I SAY THE LAST 3,4,5 YEARS THAT HAVE REALLY SET THE STAGE FOR THE WINTER MARKETING SEASON REALLY SETS THE FOUNDATION.”
 AND A TRIP BACK IN TIME THANKS TO HIS AGRICULTURAL MUSEUM IN TENNESSEE.
EXECUTIVE ORDER AIMS TO CURB GUN VIOLENCE:
GOOD MORNING I'M CLINTON GRIFFITHS. PRESIDENT BARACK OBAMA OUTLINED A NUMBER OF EXECUTIVE ACTIONS HE WILL MAKE AIMED AT CURBING GUN VIOLENCE IN THE U.S., INCLUDING EXPANDED RULES FOR BACKGROUND CHECKS.
PRESIDENT OBAMA UNVEILED HIS PLAN TO CONTROL GUN SALES IN THIS COUNTRY. THE ADMINISTRATION HOPES IT WILL STOP GUN SELLERS FROM GETTING AROUND THE BACKGROUND-CHECK REQUIREMENT BY FAILING TO REGISTER AS LICENSED DEALERS.
OREGON RANCHERS TO SERVE MORE TIME BEHIND BARS FOR ARSON:
THE OREGON RANCHERS ORDERED BACK TO PRISON BY A FEDERAL JUDGE ARE NOW BACK BEHIND BARS. THE HAMMOND'S--A FATHER AND SON--WERE CONVICTED OF ARSON THREE YEARS...AFTER PERFORMING WHAT THEY CALLED A PRESCRIBED BURN. FEDERAL ATTORNEYS CALLED IT ARSON AND AN ATTEMPT TO COVER UP POACHING. THE HAMMONDS BOTH SERVED TIME --HOWEVER A JUDGE SAYS THE MEN DIDN'T SERVE ENOUGH TIME--ORDERING THEM BACK TO PRISON FOR 4 MORE YEARS.
LA NINA MAY FOLLOW EL NINO:
BIG STORMS ARE CRASHING AGAINST THE WEST COAST THIS WEEK AS AN EL NINO PATTERN OF RAIN FALL SETS UP THIS WINTER. BUT FORECASTERS ARE NOW LOOKING AHEAD AT 2016. AUSTRALIA'S BUREAU OF METEORLOGY SAYS THE 2015 -16 EL NINO IS ONE OF THE THREE STRONGEST IN THE PAST 50 YEARS.
THEY SAY THE EVENT IS NOW PAST IT'S PEAK AND IT EXPECTS PACIFIC OCEAN TEMPERATURES TO RETURN TO NEUTRAL BY THE SECOND QUARTER OF THIS YEAR. NEUTRAL PERIODS GENERALLY MEAN OCEAN TEMPERATURES, TROPICAL RAINFALL PATTERNS AND ATMOSPHERIC WINDS NEAR THE LONG-TERM AVERAGE.
HOWEVER, THE RESEARCHERS SAY 40 PERCENT OF THE TIME EL NINO'S ARE FOLLOWED BY A LA NINA. THAT OFTEN LEADERS TO DROUGHT AND DRIER WEATHER IN THE CONTINENTAL UNITED STATES.
CROP WATCH:
GOOD MORNING CLINTON.
ACCORDING TO OUR REPORTING PARTNERS AT PROFARMER DROUGHT REMAINS VERY SERIOUS IN THE BRAZIL TROPICS. THE LEADING SOYBEAN STATE OF MATA GROSSO IS VERY DRY. AND THE CENTER WEST DISTRICT -WHICH IS BRAZILS LARGEST SOYBEAN REGION -HAS A RAINFALL DEFICIT. IT'S ABOUT 60-PERCENT OF NORMAL. TRADERS IN CHICAGO ARE WATCHING CLOSELY.
"FORECASTS FOR NORTHERN BRAZIL DO CALL FOR RAINS OFF AND ON OVER THE NEXT FEW WEEKS, JUST ABOUT EVERYBODY WILL GET AT LEAST SOME RAIN OUT OF IT. BUT UNTIL NOW THE RAINS HAVEN'T BEEN THAT BENEFICIAL.
TEASE:
COMING UP IN A FEW MINUTES THE DES MOINES WATER WORKS CONTINUES TO WAIT ON THE LEGAL PROCESS IN A LAWSUIT IT FILED AGAINST SEVERAL COUNTIES OVER AGRICULTURAL RUNOFF. THE UTILITY SAYS IT'S NOW CALCULATED IT'S COSTS FOR DENITRIFICATION IN 2015. IT SAYS THE PLANT RAN FOR 177 DAYS AT A COST OF 1 POINT 5 MILLION DOLLARS.
THAT BEATS ITS PREVIOUS RECORD SET BACK IN 99' ACCORDING TO D-M-W-W. IN STATEMENT GENERAL MANAGER BILL STOWE SAYS IOWA'S POLITICAL LEADERSHIP WITH INFLUENCE FROM INDUSTRIAL AGRICULTURE AND COMMODITY GROUPS CONTINUE TO DENY IOWA'S WATER QUALITY CRISIS. NEW ESTIMATES ON PLANTED ACREAGE FOR 2016 FROM USDA CHIEF ECONOMIST ROB JOHANSSON. HE SAYS HE EXPECTS FARMERS TO PLANT FEWER SOYBEANS AND MORE CORN IN THE NEW YEAR. JOHANSSON EXPECTS 82 MILLION ACRES OF BEANS--A MILLION LOWER THAN 2015, AND 90 MILLION ACRES OF CORN--2 MILLION MORE THAN LAST YEAR.
TEASE:
WHEAT ACREAGE COULD FALL AGAIN IN 2016 BY A MILLION AND HALF ACRES.
UP NEXT A PREVIEW OF UPCOMMING REPORTS FROM USDA AND WHY THEY COULD BE MARKET MOVERS. AND LATER...CHARLES DENNY IT'S A JOURNEY THRU TIME AND THE RICH HERITAGE OF FARMING. WE'LL TAKE YOU THROUGH THE WEST TENNESSEE AG MUSEUM IN MILAN AND SHOW YOUSOME IMPROVEMENTS TO THE PLACE. THAT STORY COMING UP ON AGDAY.
CME:
IN AGRIBUSINESS A LITTLE BIT OF A BOUNCE BACK IN COMMODITIES FOLLOWING A TOUGH START TO THE WEEK. LETS SEE MARKETS FAIRED TUESDAY FROM THE FLOOR OF THE CME IN CHICAGO.
TUESDAY'S GRAIN -A LITTLE BIT OF MIXED MARKET. BUT I THINK THE REAL PROBLEM HERE IS THAT WE ACTUALLY VIOLATED CONTRACT LOWS. SO NOW THERE'S A BIT OF CONCERN. BASICALLY, I'M STILL VERY POSITIVE THIS SPACE, HOWEVER I'M NOT WILLING TO COMMIT NEW MONEY HERE NOW TO START BUYING IN. IF I OWNED -WHICH I DO -I'M GOING TO HOLD BUT I'M NOT GOING TO BUY ANYMORE HERE UNTIL WE CAN FIND SOME MORE OF A BASE. WE HAD A NICE BASE FOR QUITE AWHILE, BUT NOW THAT IT'S FAILED, THE COMMERCIALS ARE REALLY TRYING TO PUSH THIS MARKET AROUND COMING INTO THE USDA REPORTS IN A COUPLE OF DAYS. TUESDAY'S LIVESTOCK, WE'VE SEEN FINALLY SOME MOVEMENT HERE. WE'VE SEEN THE CONTINUED MOVE UP AND THE LIVE AND FEEDER CATTLE. NOW, HERE WE ARE UP ON THE UPPER END OF THOSE LEVELS.
AGRIBUSINESS:
JOINING ME AT THE AGRIBUSINESS DESK, I HAVE BRIAN BASTING OF ADVANCED TRADING TO DISCUSS THE JANUARY REPORTS THAT HAVE COME OUT OF THE USDA, BECAUSE THEY CAN BE PRETTY GOOD MARKET MOVERS.> CLINTON, THERE'S FOUR REPORTS COMING OUT IN JAN. 12 FROM THE USDA THAT COULD BE MARKET MOVERS AS YOU SAY. WE ARE GOING TO HAVE A FINAL CROP PRODUCTION REPORT ON 2015 CORN AND SOYBEANS. TO TALK WITH BRIAN ONE
NATIONAL WEATHER:
WELCOME BACK TO AGDAY. METEOROLOGIST MIKE HOFFMAN JOINS US. AND MIKE  WE'VE BEEN WATCHING THESE STORMS COMING OUT OF THE WEST COAST AND IT LOOKS LIKE GETTING HAMMERED AGAIN. AND THAT CAN MEAN A LOT OF RAIN SOME PLACES. YES, IT SEEMS LIKE EVERY DAY, DAY AND A HALF IT SEEMS LIKE NOW.
TEASE:
WHEN WE COME BACK A QUICK CHECK OF WHAT'S AHEAD FOR LAWMAKERS IN WASHINGTON. PLUS, WE'LL VISIT A MUSEUM THAT CELEBRATES THE RICH HERITAGE OF
TENNESSEE AGRICULTURE. AND ONE MAN WHO WAS THE VISION BEHIND THIS LOOK INTO HISTORY.
TPP:
WITH CONGRESS AND THE PRESIDENT BACK IN WASHINGTON THERE'S PLENTY OF WORK TO GET DONE--EVEN DURING AN ELECTION YEAR.
A JAPAN ECONOMICS NEWSPAPER REPORTS THE 12 COUNTRIES INCLUDED IN THE TRANS-PACIFIC PARTNERSHIP SEEK TO SIGN A FORMAL AGREEMENT IN FEBRUARY. APPROVAL BY COUNTRIES--INCLUDING THE U.S. --IS NEEDED FOR IMPLEMENTATION OF THE DEAL. HOWEVER, THE 12 MEMBER NATIONS MUST FIRST FORMALLY SIGN THE AGREEMENT.
OH SNAP—DEBATE RAGES OVER WHETHER SUGARY DRINKS SHOULD BE PURCHASED WITH SNAP BENEFITS:
A NEW REPORT FROM THE NATIONAL COMMISSION ON HUNGER IS STIRRING DEBATE IN D-C. WITHIN IT'S 96 PAGES IS A RECOMMENDATION THAT CERTAIN SUGAR SWEETNED BEVERAGES BE INELIGIBLE FOR PURCHASE WITH SNAP DOLLARS. THE AMERICAN BEVERAGE ASSOCIATION SAYS THE FOLKS ON SNAP DON'T NEED THE GOVERNMENT TELLING THEM WHICH ISLES TO GO DOWN...CALLING THE IDEA COMPLICATED AND ARBITRARY. THE SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM CURRENTLY COSTS ABOUT 70 BILLION DOLLARS. THIS PROPOSAL IS JUST ONE OF 20 FROM THE BIPARTISAN COMMISSION.
WOTUS AND G-E CROPS:
POLITICO ALSO SUMMING UP THE TO-DO LIST IN WASHINGTON. IT ADDS DEFENCE OF THE WATERS OF THE U.S. RULE FROM EPA TO THE DOCET. THAT IS CURRENTLY STAYED WHILE THE 6TH CIRCUIT COURT OF APPEALS SORTS OUT THE VENUE. POLITICO ALSO EXPECTING APPROVAL CHANGES FOR G-E CROPS, THE POSSIBLE CREATION OF AN ORGANIC CHECK-OFF AND MORE ATTENTION TO GMO LABELING.
TEASE:
UP NEXT TENNESSEE AGRICULTURE TAKES A LOOK BACK IN TIME-- WE'LL VISIT A MUSEUM WHERE FARM HISTORY GETS CENTER STAGE.
IN THE COUNTRY:
THE WEST TENNESSEE AGRICULTURAL MUSEUM IN MILAN ("MY-LAN") OFFERS AN OPPORTUNITY TO LEARN AND TRAVEL THROUGH TIME. IN THIS REPORT FROM THE UNIVERSITY OF TENNESSEE, CHARLES DENNEY HAS MORE ON COMING IMPROVEMENTS TO THE MUSEUM TO ENHANCE THE EXPERIENCE FOR VISITORS.
THIS MUSEUM WITH ITS COMING IMPROVEMENTS IS A REAL TREASURE FOR THE TOWN – THE REGION'S AGRICULTURAL ROOTS PROUDLY ON DISPLAY. THIS IS CHARLES DENNEY REPORTING. )
CLOSING:
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? DID YOU SET ANY NEW YEARS GOALS -PERSONAL OR OTHERWISE? ANDY SHISSLER WILL HELP YOU FULFILL ONE GOAL IF IT INCLUDES PROFITS IN YOUR GRAIN MARKETING PLAN. WATCH ME WEEKDAYS HERE ON AGDAY.

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