AgDay Daily Recap -January 19, 2015

January 19, 2015 02:57 AM
 

TODAY ON AGDAY
JANUARY 19, 2015

OPEN HEADLINES:
TODAY ON AGDAY - FREE TRADE AGREEMENTS ARE GETTING TOP BILLING IN WASHINGTON.
IN ADVANCE OF THE STATE OF THE UNION, IS THE PRESIDENT LIVING-UP TO PAST GOALS?
WE'LL LOOK AT THE NUMBERS. IN AGRIBUSINESS...A CHECK OF THE COMPETITION IN SOUTH AMERICA...MACHINERY PETE ANSWERS...THE WHAT'S MY TRACTOR WORTH QUESTON.
AND POT GROWERS LEARN THE BASICS OF SUPPLY AND DEMAND AND THE IMPACT ON PRICE. AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK.
CUBA TRADE:
FREE TRADE AGREEMENTS ARE A POPULAR TOPIC FOR PRESIDENTS DURING THIS MAJOR ADDRESS. THERE ARE ALREADY TWO ON THE TABLE - INCLUDING ONE WITH PACIFIC NATIONS AND THE OTHER WITH EUROPEAN PARTNERS. NOW, ANOTHER TRADE PROPOSAL HAS SPRUNG-UP.
RULES EASED:
MEANWHILE THE OBAMA ADMINISTRATION OPENED THE DOOR TO EASIER TRAVEL AND A WIDE RANGE OF NEW EXPORT OPPORTUNITIES WITH CUBA. THE COMMERCE AND TREASURY DEPARTMENTS UNVEILED NEW RULES THURSDAY PERMITTING U.S. CITIZENS TO VISIT CUBA WITHOUT SPECIAL PERMITS…MOST U-S TRAVELERS STILL WILL BE REQUIRED TO GO ON SUPERVISED GROUP TRIPS, BUT NOW VIRTUALLY ANY U.S. COMPANY OR ORGANIZATION CAN OFFER SUCH TRIPS WITHOUT THE PAPERWORK AND INSPECTIONS THAT DISCOURAGED PAST EXPANSION OF TRAVEL TO CUBA.
ERNST RESPONDS:
FRESHMAN SENATOR JONI ERNST OF IOWA WILL DELIVER THE REPUBLICAN REBUTTAL TO PRESIDENT BARACK OBAMA'S STATE OF THE UNION ADDRESS. YOU MIGHT REMEMBER HER AS THE IOWA FARMER WHO TALKED ABOUT USING HER EXPERIENCE CASTRATING HOGS TO HELP CUT PORK. ERNST WAS ELECTED TO HER SEAT IN NOVEMBER, REPLACING DEMOCRAT TOM HARKIN WHO RETIRED.
EXPORTS:
THE STATE OF THE UNION ALLOWS THE PRESIDENT TO LAY OUT HIS AGENDA FOR THE REST OF HIS TERM. FIVE YEARS AGO - DURING THE 2010 ADDRESS - PRESIDENT OBAMA CHALLENGED AMERICA TO SHIP MORE PRODUCTS, LIKE FARM GOODS.
EXPORTS:
SO HOW HAS THE COUNTRY PERFORMED SINCE THE PRESIDENT MADE THAT GOAL?
ACCORDING TO THE COMMERCE DEPARTMENT, THE U-S IS FALLING SHORT ON DOUBLING EXPORTS. IN 2009- PRIOR TO OBAMA'S PLEDGE - THE U-S EXPORTED ONE-POINT-FIVE TRILLION DOLLARS IN GOODS AND SERVICES. THE COMMERCE DEPARTMENT SAID IN 2013 AMERICA SHIPPED OUT TWO-POINT-THREE TRILLION DOLLARS IN GOODS AND SERVICES. TO HIT THE PRESIDENT'S GOAL, TOTAL U-S EXPORTS WOULD NEED TO HIT THREE-POINT-ONE TRILLION.
TPA & TPP:
FOLLOWING THE NOVEMBER ELECTION WHEN REPUBLICANS WON BACK CONTROL OF THE SENATE PRESIDENT OBAMA SAID TRADE AGREEMENTS ARE ONE AREA IN WHICH DEMOCRATS HAVE A REAL OPPORTUNITY TO COOPERATE WITH REPUBLICANS.
RIGHT NOW NEGOTIATIONS CONTINUE ON A TRANS-PACIFIC PARTNERSHIP WITH 12 ASIAN-PACIFIC NATIONS.THERE ARE ALSO NEGOTATIONS WITH THE EUROPEAN UNION TO CREATE THE TRANS-ATLANTIC TRADE AND INVESTMENT PARTNERSHIP. THE NEXT ROUND OF TALKS ARE SET FOR NEXT MONTH.MEANWHILE CONGRESS IS DEBATING WHETHER TO GIVE THE PRESIDENT TRADE PROMOTION AUTHORITY. KNOWN AS FAST-TRACK, IT ALLOWS THE PRESIDENT TO NEGOTIATE TRADE AGREEMENTS WITH OTHER COUNTRIES. CONGRESS WOULD STILL GET TO SAY "YEA" OR "NAY", BUT WOULD HAVE NO AUTHORITY TO ADD AMENDMENTS.
FARM BUREAU TRADE:
DURING LAST WEEK'S FARM BUREAU CONVENTION, DELEGATES AND LEADERSHIP DISCUSSED IMMIGRATION AND TRADE. LEADERS TOLD US THEY'RE THE MOST HOPEFUL ABOUT GETTING MAJOR TRADE DEALS PUSHED THROUGH, AS THAT'S ATTRACTING THE MOST BIPARTISAN SUPPORT.
CROP WATCH:
PARTS OF THE NORTHERN PLAINS ARE LOSING THAT IMPORTANT WINTER COVER FOR WHEAT. MIKE HOFFMAN HAS THE DETAILS THIS MORNING.
TEASE:
WHEN WE COME BACK, A LOOK THE BRAZILIAN SOYBEAN CROP. AL PELL JOINS US FROM THE AGRINBUSINESS DESK.
WX:
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE, TO START THE WEEK, WE'RE WATCHING THE JET STREAM TO SEE IF ANY STORMS ARE COMING OUR WAY. I THINK WE'RE IN A TRANSITIONAL PHASE HERE. YOU CAN SEE A LITTLE BIT OF A TROUGH IN THE EAST AND A RIDGE IN THE WEST. THAT SHOULD STRENGTH IN THE NEXT COUPLE OF WEEKS. THE MAP SHOWS A RELATIVELY STRONG TROUGH IN THE NORTHEAST. A LOT OF FAIRLY ZONAL FLOW GOES FROM WEST, NORTHWEST TO EAST TO SOUTHEAST. IT DOES GO DOWNHILL AS IT MOVES FROM WEST TO EAST. THERE IS SOMEWHAT OF A RIDGE IN THE WEST AND SOMEWHAT OF A TROUGH IN THE EAST. LET'S PUT THE MAPS INTO MOTION HERE. YOU CAN SEE LITTLE PIECES OF ENERGY DIGGING IN THE TROUGH. THAT'S GOING TO KEEP THE NORTHEAST CHILLY AS WE HEAD THROUGH THE WEEK. AS WE HEAD INTO NEXT WEEKEND, YOU CAN SEE THE TROUGH DIGGING IN. SOME MODELS ARE BRINGING IT INTO THE WEST FIRST, SOME ARE IN THE EAST. WE WILL HAVE TO SEE ON THAT. EITHER WAY, YOU NOTICE HOW THE RIDGE STRENGTHENS OVER THE WEST COAST. THAT'S WHAT WE BELIEVE MOST OF THIS WINTER IS GOING TO BE LIKE. ANYTIME WE HAVE THE BIG RIDGE OR THE BIG HUMP IN THE JET STREAM OUT WEST, IT HAS TO DIP INTO THE EAST. THAT MEANS COLDER AIR AGAIN. SO AGAIN, I AM THINKING THIS WEEK WILL BE A TRANSITIONAL PHASE. IT WILL BE BELOW NORMAL IN THE EASTERN LAKES AND IN THE NORTHEAST. IT WILL ALSO BE BELOW NORMAL BECAUSE OF A WET STORM SYSTEM MOVING THROUGH THE SOUTHEAST AND PARTS OF THE MIDDLE PORTIONS OF THE ROCKIES. WE WILL GO SLIGHTLY ABOVE NORMAL IN THE NORTHERN PLAINS. WE MIGHT START TO TURN COLDER LATER ON IN THE WEEK. WE WILL GO ABOVE NORMAL FOR MUCH OF CALIFORNIA. AS FAR AS PRECIPITATION FOR THIS WEEK, FROM EAST CENTRAL PORTIONS OF COLORADO, IT WILL START TO INTENSIFY. WE WILL PICK UP SOME MOISTURE. WE ARE GOING ABOVE NORMAL FOR THE FAR SOUTHERN PLAINS THROUGH THE GULF COAST STATES. RIGHT UP THE EASTERN SEABOARD, SOME MODELS TAKE THAT STORM SYSTEM FARTHER WEST. WE WILL HAVE TO WAIT AND SEE ON THAT. EITHER WAY, IT WILL GO NEAR NORMAL BECAUSE OF SMALL IMPULSES MOVING THROUGH THE NORTHERN STATES AND BELOW NORMAL FOR MUCH OF CALIFORNIA AND THE SOUTHWEST. LET'S TAKE A LOOK AT THE THIRTY DAY OUTLOOK. HERE'S THE WINTER FORECAST. EVEN THOUGH WE'RE IN THAT TRANSITIONAL PHASE THIS WEEK, OVERALL, BELOW NORMAL FOR THE NEXT THIRTY DAYS, EVERYWHERE EAST OF THE CONTINENTAL DIVIDE EXCEPT FOR MUCH OF THE PENINSULA, IT WILL BE ABOVE NORMAL IN THE SOUTHWEST. PRECIPITATION OVER THE NEXT THIRTY DAYS, ABOVE NORMAL IN CALIFORNIA, SO THAT'S GOOD NEWS WITH SOME AREAS AROUND IT AS WELL...THE GULF COAST AND THE EAST ARE ABOVE NORMAL. THE NORTHERN AND CENTRAL PLAINS ARE EXPECTED TO BE DRIER THAN NORMAL. THAT'S A LOOK ACROSS THE COUNTRY  NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE'LL GO TO POCATELLO, IDAHO. THERE'S A GOOD DEAL OF SUNSHINE AND MILD TODAY. THE HIGH TEMPERATURE IS 62 DEGREES. AUSTIN, TEXAS IS PARTLY SUNNY AND MILD. THE HIGH IS 69. INTO THE NORTHEAST, WE GO TO ALBANY, NEW YORK TURNING COLDER AGAIN WITH SNOW SHOWERS. THE HIGH IS AROUND 34.
MACHINERY PETE:
YOU CAN STAY UP TO DATE WITH THE LATEST DEALS BY FOLLOWING PETE ON TWITTER OR LIKING HIM ON FACEBOOK. IN ADDITION TO HIS WEEKLY SEGMENT ON AGDAY, HE'S ALSO FEATURED EVERY WEEK ON AGRITALK AND AGWEB DOT COM.
ITC POT GLUT:
CALL IT POT OR MARIJUANA IT'SS THE NEWEST CASH CROP FOR GROWERS IN STATES WHERE IT'S LEGAL. WASHINGTON'S LEGAL MARIJUANA MARKET OPENED LAST SUMMER TO A DEARTH OF WEED. SOME STORES PERIODICALLY CLOSED BECAUSE THEY DIDN'T HAVE ENOUGH PRODUCT TO SELL.  NOW, THE EQUATION HAS FLIPPED, BRINGING WITH IT SERIOUS GROWING PAINS TO A NEW INDUSTRY. ROBERT BUMSTEAD REPORTS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

 

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