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AgDay Daily Recap -January 1, 2015

08:57AM Jan 01, 2015

TODAY ON AGDAY
JANUARY 1, 2015

OPEN HEADLINES:
COMING UP TODAY ON THIS SPECIAL EDITION OF AGDAY-- IT'S A YEAR IN REVIEW FOR CROPS.
FROM A RECORD CROP CAUSING FARMERS AND ELEVATORS TO RUN OUT OF STORAGE,  TO TRANSPORTATION TROUBLE ON RAIL AND RIVER, IT'S BEEN ANOTHER WILD RIDE FOR FARMERS, AND A REVIVING A CASH CROP IN KENTUCKY…HOW THIS CROP IS SEEING NEW LIFE THANKS TO THE FARM BILL. AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
YEAR IN REVIEW:
GOOD MORNING I'M CLINTON GRIFFITHS, AND WELCOME TO 2015. TODAY WE'RE KICKING OFF THE NEW YEAR WITH DAY TWO OF OUR TWO PART LOOK BACK AT THE YEAR THAT WAS 2014.
YESTERDAY IT WAS LIVESTOCK. TODAY THE TOP STORIES OF 2014 FROM THE CROP SIDE OF THE AISLE…LETS GET STRAIGHT TO THE LIST.
TRANSPORTATION TROUBLE:
THAT'S WHERE THE YEAR ENDED. WHERE IT STARTED WAS WITH A COLD SNOWY WINTER AND GRAIN HAULERS ON THE NATION'S RAILWAYS STRUGGLING TO KEEP UP. MICK KJARE WITH KVLY IN FARGO NORTH DAKOTA FILED THIS REPORT LAST MARCH.
GROWING SEASON:
A COLD START THAT NEVER REALLY WARMED UP FOR THE CENTRAL AND EASTERN UNITED STATES…THE COOL SUMMER HELPED KEEP STRESS ON THE NATION'S CORN AND BEAN CROPS AT A MINIUM. MEANWHILE OUT WEST, IT WAS NEAR RECORD WARMTH. AS CALIFORNIA SAW ITS AG INDUSTRY DECIMATED BY DROUGHT AND A LACK OF RAINFALL.
HARVEST:
THAT WAS SOUND OF HARVEST IN 2014...ALBEIT A LATE ONE.THAT COOL SUMMER, PUSHED MATURITIES BACK. COMBINES DIDN'T START ROLLING IN MASS ACROSS THE CORN BELT, UNTIL OCTOBER. ONCE THEY DID...MOST WERE PLEASED WITH THE RESULTS.
BETSY STORAGE:
MEANWHILE A BIG CROP....COMMING OFF IN A COMPRESSED WINDOW MADE FOR STORAGE CHALLENGES AT SOME OF THE NATION'S ELEVATORS. AGDAY'S BETSY JIBBEN REPORTS.
TEASE:
THANKS BETSY.
STILL AHEAD ON THIS SPECIAL YEAR IN REVIEW EDITION OF AGDAY, WE CATCH UP WITH A GROUP OF OUR ANALYSTS TO DISCUSS THE LESSONS LEARNED FROM 2014.
BB CORVUS:
AGDAY IS BROUGHT TO YOU BY CORVUS PRE EMERGENCE CORN HERBICDE FROM BAYER. THE ONLY HERBICIDE TO OFFFER THREE LEVELS OF DEFENSE AGAINST WEEDS - BURNDOWN, RESIDUAL AND REACTIVATION WITH RAIN.
ANALYSIS INTRO:
WE'VE GONE THROUGH THE TOP STORIES FROM 2014. BUT WHAT DID WE LEARN?
HERE TO HELP ANSWER THAT, TYNE MORGAN JOINS US FOR A SPECIAL LOOK BACK.
ANALYSIS:
ALRIGHT, WELCOME BACK, WE JUST TALKED ABOUT 2014. BUT NOW WE WANT TO HIT ON 2015. IF IT'S ANYTHING LIKE 2014, THERE WILL NEVER BE A DULL MOMENT AGAIN. BUT WHAT ARE YOU REALLY WATCHING FOR IN 2015- BILL? I SUSPECT THAT WE'RE GOING TO SEE WIDE RANGING SIDEWAYS MARKETS IN CORN AND WHEAT AND THAT WEATHER WILL DICTATE THE BOTTOM LINE. AND BEANS, I REALLY BELIEVE THAT TREND IS DOWN AND IT'S GOING TO BE VERY DIFFICULT TO AVOID THAT, UNLESS THERE'S A HUGE ADVERSITY.OKAY. ANGIE? DO YOU AGREE? I THINK A LOT OF THE SAME, YEAH. CORN AND WHEAT ESPECIALLY… PAY ATTENTION TO THE HIGH WATER MARKS OF 2014 AND MAKE SURE THAT YOU'VE GOT ORDERS INTO SELL IT AT THOSE LEVELS. WITHOUT ANY SURPRISING, IT'S GOING TO BE DIFFICULT TO SEE US SUCCEED THOSE. AGAIN WITH THE 520 OR 650 OR WHATEVER IT MAYBE…BEANS BE AWARE, MAKE SALES. TEN DOLLAR BEANS ARE MONEY MAKERS. IF YOU HAVE THE OPPORTUNITY AT 10.25, 10.50 TAKE THEM. DON'T BE AFRAID TO BE A SELLER OF BEANS BY ANY MEANS. MIKE, WHAT SHOULD WE BRACE OURSELVES FOR NEXT YEAR? WELL I THINK THE REALITY IS, THAT WE ARE COMING INTO A YEAR WHERE WE'VE BUILT UP SOME REALLY HEALTHY SUPPLIES OF CORN AND WHEAT AND THERE'S A LOT OF TALK ABOUT PLANTING A LITTLE EXTRA SOYBEAN ACREAGE IN THE UNITED STATES. WE'LL SEE HOW THAT WEIGHS OUT BUT THAT'S ON THE HEELS OF YET AGAIN ANOTHER RECORD CROP IN SOUTH AMERICA, THE WAY THINGS ARE COMING TOGETHER RIGHT NOW. SO THERE'S GOING TO BE SOME PRESSURE ON THE GRAIN MARKETS, AS SUPPLY HAS NOW CAUGHT UP TO DEMAND. I THINK THERE'S ROOM FOR PLENTY OF RISKS, THE DOWNSIDE IF WE GET THROUGH ALL THE SUMMER WITHOUT ANY ADVERSE WEATHER. AND THE REALITY IS THAT YOU NEED TO BE SELLING RALLIES AS THEY COME TO AVOID THE DOWNSIDE OF THE MARKET.  BILL, ARE YOU BULLISH ON THIS DEMAND PICTURE, GOING INTO 2015? WE HAVE A HUGE DEMAND, AND I'M BULLISH ABOUT DEMAND BECAUSE IT'S GREAT. BUT I THINK THERE'S A BIGGER PICTURE OUT THERE THAT WE NEED TO WATCH VERY CAREFULLY. THAT'S THE MACRO WITH A STRONG DOLLAR, THE WEAK CRUDE OIL AND THE OVERALL NEGATIVE POTENTIAL OF THAT. MIKE. AFTER COMING OFF A HEALING YEAR WITH DAIRY, WHAT DO YOU LOOK FOR IN 2015? WELL, WE'RE LOOKING AT SOFTER DEMAND AS WE WORK INTO SUMMER AND EARLY FALL. WE'RE REALLY HOPING THAT NEXT YEAR'S HOLIDAY PURCHASES ARE STRONG ENOUGH TO HELP PULL US BACK OUT OF THAT BECAUSE THE DOMESTIC DEMAND IS GOING TO HAVE TO CARRY A LOT OF WEIGHT. GIVEN THE STRONGER DOLLAR, GIVEN THE WEAKER DEMAND, ESPECIALLY IN THE ASIAN MARKETS AND WE'RE GOING TO NEED THAT TO GET US BACK INTO SOME BETTER TERRITORY. ALRIGHT, HOPEFULLY YOU'RE A LITTLE BETTER PREPARED FOR 2015. BUT OF COURSE, IT'LL BE WAIT AND SEE. PLEASE STAY WITH US. WE'LL BE BACK WITH AGDAY IN JUST A MOMENT.
TEASE:
THANKS TYNE. UP NEXT, THE LOOK AT THE CROPPING YEAR FOR HAYS GROWERS IN TEXAS…
AND AFTER SEVERAL YEARS OF DROUGHT MANY GROWERS HAD A GOOD HARVEST IN 2014.
CLOSE:
THANKS TYNE. AS SHE MENTIONED THE LATEST FEDERAL FARM BILL ALLOWS STATES TO DESIGNATE HEMP PROJECTS FOR RESEARCH AND DEVELOPMENT.  NOW, THE $1.1 TRILLION OMNIBUS SPENDING BILL PASSED BY CONGRESS WOULD PROHIBIT FEDERAL DRUG OFFICIALS FROM INTERFERING WITH THOSE PROJECTS. GLAD YOU TUNED IN. THAT'S ALL THE TIME WE HAVE THIS MORNING.

 

 

 

 

 

 

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