AgDay Daily Recap -January 7, 2015

January 7, 2015 02:57 AM
 

TODAY ON AGDAY
JANUARY 7, 2015

OPEN HEADLINES:
TODAY ON AGDAY - MISERABLE COLD THREATENS UN-PROTECTED WHEAT CROPS. ARE YOU READY TO PROVE TO THE TAX-MAN THAT YOU HAVE HEALTHCARE? HOW COULD THAT AFFECT FARMERS? FOR THE FIRST TIME HAS TO BE ABLE TO VERIFY TO THE SATISFACTION OF THE IRS THAT THEY HAVE THE GOVERNMENT LEVEL OF MANDATED INSURANCE PLUS, FIND OUT WHY A SMARTPHONE CAN BE JUST AS IMPORTANT AS A TREADMILL TO REACH A NEW YEARS GOAL! AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR.
COLD RISK TO WHEAT:
GOOD MORNING I'M TRICIA SLOMA IN FOR CLINTON GRIFFITHS. GRAIN TRADERS IN CHICAGO ARE KEEPING A CLOSE EYE ON THE WEATHER AS WINTER WHEAT IS EXPOSED TO CROP-DAMAGING, YIELD-DROPPING COLD TEMPERATURES....AND THAT'S OUR TOP STORY ON AGDAY.
COLD RISK VACLAVICK:
THE WHEAT IS A VERY RESILIENT CROP IT CAN BOUNCE BACK VERY EASILY IF WEATHER CONDITIONS ARE CONDUCIVE TO PRODUCTION IN THE SPRING SO I WOULDN'T BE TO WORRIED ABOUT IT YET JUST KEEP IN MIND THAT THE WHEAT MARKET IN PARTICULAR IS VERY SENSITIVE WE SAW THAT LAST YEAR DURING THE SPRING WHEN WE HAD SOME DRY CONDITIONS ACROSS THE PLAINS WE SAW THAT WITH THIS RUSSIAN DEAL AND THE RALLY THAT WE SAW A FEW WEEKS AGO AND WE'RE SEEING POTENTIALLY HERE NOW AGAIN WITH SOME REAL COLD WEATHER.
CROP WATCH:
FARMERS IN CALIFORNIA ARE STILL COUNTING THE LOSSES FROM THE COLD BLAST THAT HIT THE WEST COAST DURING THE NEW YEARS WEEKEND. MIKE HOFFMAN HAS DETAILS IN THIS MORNING'S CROPWATCH. GOOD MORNING MIKE.
CONGRESS BACK:
A NEW CONGRESS HAS CONVENED WITH REPUBLICANS TAKING CHARGE IN THE HOUSE AND SENATE. DESPITE SOME OPPOSITION… JOHN BOEHNER WON ANOTHER TERM AS HOUSE SPEAKER.
TEASE:
ROGER WILL JOIN AL AT THE AGRIBUSINESS DESK IN JUST A FEW MINUTES TO DISCUSS G-M-O CROPS AND THE POTENTIAL IMPACT ON A FARMERS' PLANTING DECISIONS. PLUS, WE'LL HAVE OUR DAILY STOP AT THE CHICAGO BOARD OF TRADE.
CME REPORT:
IN AGRIBUSINESS - IT WAS A MIXED DAY TUESDAY AT THE CHICAGO BOARD OF TRADE. LET'S HEAD TO THE C-M-E FLOOR FOR AN UPDATE ON GRAIN PRICES.
ANALYSIS INTRO:
THANKS JOE. NOW LET'S HEAD OVER TO THE AGRIBUSINESS DESK WHERE FARM DIRECTOR AL PELL DISCUSSES THE IMPACT OF ANTI-G-M-O RULES HAVE ON FARMERS PLANTING DECISIONS.
ANALYSIS:
HERE AT THE AGRIBUISNESS DESK ON AGDAY WE'RE TALKING TO ROGER MCOWEN IOWA STATE UNIVERSITY ROGER ONE OF THE QUESTION I'D LIKE TO ASK YOU AND I KNOW YOU STUDY THIS ALL THE TIME TAX RELATIONS AND THAT THING AND I'M THINKING PARTICULARLY NOW ABOUT GMO AND WE'VE HAD A LOT OF THINGS HAPPEN ABOUT GMOS WILL THAT AFFECT WHAT WE PLANT AND WHERE THIS NEXT YEAR AND SHOULD A FARMER CONSIDER IT ON HIS OWN? WELL YOU KNOW THAT'S A GOOD QUESTION I THINK THERE'S A MINIMAL IMPACT TO IN THIS COMING YEAR WE'VE GOT A NUMBER OF GMO DEVELOPMENTS THAT THE LEGAL SYSTEM IS DEALING WITH RIGHT NOW WE STILL HAVE SOME COUNTRIES FOR WHATEVER REASONS WHETHER IT'S LEGITIMATE OR NOT THAT REJECT GMOS BUT A LOT OF FARMERS HAVE IDENTITY PRESERVE CONTRACTS AND SO IF THEY'RE SELLING INTO A MARKET THAT HAS PROBLEMS WITH GMOS THEN THEY NEED TO KNOW THAT IN ADVANCE WE'VE GOT THE PROBLEM WITH THE CHINESE RIGHT NOW RECENTLY HAVING REJECTED THE SYNGENTA VIPTERA PRODUCT IT LOOKS LIKE YOU KNOW CHINA MAY EVENTUALLY COME AROUND WITH RESPECT TO THAT BUT SYNGENTA BEEN HIT WITH A NUMBER OF LAWSUITS BECAUSE ALMOST SIMULTANEOUSLY AT THE TIME THE CHINESE ANNOUNCED IT THEY WERE REJECTING THAT GMO PRODUCT WE HAD A COLLAPSE IN GRAIN PRICES HERE IN THE UNITED STATES AND SOME WERE TRYING TO MAKE THE CORRELATION THAT THIS PRODUCT THAT SYNGENT PUT OUT ON THE MARKET WAS THE CAUSE OF THAT AND TRYING TO TRACE LIABILITY BACK TO SYNGENTA ON THAT I'M NOT SURE WHETHER THAT'S THE CASE OR NOT BUT THAT'S ALSO GENERATED CLASS ACTION LAWSUIT BY FARMERS AGAINST SYGENTA NOW THE INTERESTING THING IS A LOT OF THOSE FARMERS ARE NOT OPPOSED TO GMOS. RIGHT SO YOU GOT A JUST A REALLY INTERESTING TWIST TO SOME OF THIS LITIGATION THAT'S GOING ON RIGHT NOW WHETHER THAT IS GOING TO IMPACT PLANTING DECISIONS I THINK REMAINS TO BE SEEN. SO AN INDIVIDUAL FARMER REALLY DOESN'T HAVE TO MAKE A DECISION BASED ON WHAT WE CAN SELL BUT THERE ARE SOME PARTICULAR PRODUCTS THAT YOU CAN GROW THAT ARE GM AND YOU CAN TAKE ADVANTAGE OF THEM.  WELL I THINK FARMERS HAVE TO BE CAREFUL YOU GOT TO BE CAREFUL IN THIS IF YOU DO HAVE AN IDENTITY PRESERVE CONTRACT FOR NOT GROWING GMOS AND THEN YOU GET CROSS POLLINATION OR GET IT MIXED SOMEHOW THEN YOU'VE GOT ISSUES THAT ARE OUT THERE WITH THE COMPANIES THAT ARE PRODUCING THESE PRODUCTS BECAUSE THEN THAT GETS YOU INTO INTELLECTUAL PROPERTY LAWSUITS YOU'VE GOT THEIR INTELLECTUAL PROPERTY YOU WEREN'T SUPPOSE TO HAVE THEIR PROPERTY THAT RAISES A WHOLE OTHER ISSUES THAT'S OUT THERE BUT THE GM ISSUES GMO ISSUES GOING FORWARD WHILE MANY OF US THINK IT PROBABLY SHOULDN'T BE AN ISSUE IT IS BECAUSE OF THESE OTHER COUNTRIES ACROSS THE WORLD THAT RAISE THEIR OWN CONCERNS ABOUT GMOS. OKAY THANK YOU VERY MUCH WE'VE BEEN TALKING WITH ROGER MCOWEN IOWA STATE UNIVERSITY HERE ON AGDAY BACK WITH MORE IN A MOMENT.
WX:
AND YET ANOTHER COLD BLAST OF AIR COMING SOUTH THROUGH THIS IS THE LATEST IN A STRING OF COLDEST AIR OF THE SEASON TYPE OF AIR MASSES. THIS ONE IS GOING TO DO IT ONCE AGAIN, COLD FRONT THIS MORNING, WE'LL START OFF IN THE OHIO RIVER VALLEY DOWN INTO ARKANSAS, OKLAHOMA AND IT WILL CONTINUE TO SPREAD SOUTHWARD. LONG BANDS OF LAKE EFFECT SNOW EXPECTED IN SOME LOCATIONS…SOME OF THOSE TYPICAL AREAS THEY GET THAT HEAVIEST AMOUNTS AND AS YOU CAN SEE AS WE HEAD THROUGH THE DAY THAT'S GOING TO CONTINUE. IT'S ABOUT A 12 TO 18 HOUR PERIOD IN MOST LOCATIONS WHERE WE HAVE POTENTIAL FOR HEAVY LAKE EFFECT SNOW. ONCE THAT COLD FRONT GETS FAR ENOUGH AWAY, HIGH PRESSURE BUILDS IN AND THAT KIND OF SHUTS OFF SOME OF THOSE, OR AT LEAST CHANGES THE BANDS AND PUTS THEM SOMEWHERE ELSE. SO YOU CAN SEE THAT;'S THE MAIN FACTOR GOING ON AS WE HEAD THROUGH TODAY AND ON INTO TONIGHT AND YET ANOTHER COLD BLAST OF AIR COMING WITH THIS STORM SYSTEM. AND THIS ONE WILL BE AT LEAST AS COLD, PERHAPS EVEN COLDER THAN THE ONE COMING DOWN NOW. SO KEEP THAT IN MIND AS WE HEAD THROUGH THE DAY TOMORROW. BAND OF LIGHT SNOW GOING ACROSS MINNESOTA GOING ACROSS THE WESTERN GREAT LAKES. AND BEHIND THAT ONCE AGAIN AS WE HEAD INTO FRIDAY WE'LL HAVE MORE LAKE EFFECT SNOWS OCCURRING. YOU CAN SEE IN THE SOUTHWEST VERY LITTLE GOING ON IN THE NEXT 48 HOURS. ALTHOUGH THERE WILL BE A FEW HIT AND MISS SHOWERS IN PARTS OF THE SOUTHWEST AND WE DO HAVE A COLD FRONT TRYING TO COME EASTWARD. NOT SURE IT'S GONNA MAKE IT BUT WE'LL BE WATCHING THAT AS WE HEAD TOWARDS THE WEEKEND. THERE'S A PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS BESIDES THAT LITTLE AMOUNT IN THE SOUTHEAST PORTIONS OF FLORIDA. YOU CAN SEE IT'S JUST MAINLY MELTED SNOW IN THE NORTHERN PORTIONS. AND WHAT I MEAN BY THAT, YOU MELT DOWN THE SNOW TO SEE HOW MUCH LIQUID IS THERE. AND YOU CAN SEE NOT A LOT. IT'S ALL IN THE LOWER CATEGORIES. SO LETS' CHECK OUT THE SNOW AMOUNTS. MOST OF THESE ARE ON THE LIGHT SIDE BUT SOME OF THE LAKE AFFECT AREAS WILL BE FAIRLY HEAVY. AND THERE'LL BE A NARROW BAND OF PERHAPS 2 TO 5 INCHES COMING ACROSS MINNESOTA INTO WISCONSIN WITH THAT SECONDARY SYSTEM COMING SOUTHEASTWARD. LOOK AT THE HIGHS TODAY. SOME PLACES BELOW ZERO, NORTHWEST OF CHICAGO ESPECIALLY. SINGLE DIGITS INTO THE OHIO  RIVER VALLEY. LOW TEMPS TONIGHT GONNA DROP OFF WAY BELOW ZERO AND LOTS OF THE GREAT LAKES ACCEPT FOR AREAS CLOSE TO THE GREAT LAKES BECAUSE THE WATER IS STILL RELATIVLEY WARM. AND LOOK AT THAT, FREEZES ALL THE WAY DOWN TO THE GULF COAST. THIS IS A COLD AIR MASS FOLKS. ALMOST AS COLD AS WE SAW A COUPLE OF TIMES LAST YEAR,  NOT QUITE. THEN YOU CAN SEE HIGH TEMPS TOMORROW AFTERNOON. STILL SINGLE DIGITS AND LOW TEENS. THERE'S THE TROUGH AND YOU CAN SEE WE CONTINUE TO SEE IT DEVELOPING WITH MULTIPLE LITTLE PIECES. IT REINFORCING IT. NOW JUST LIKE THE COMPUTER MODELS WERE DOING A WEEK AND A HALF AGO, TRYING TO MAKE IT ALL ZONAL FOR A WHILE. OUR COMPUTER MODEL IS TRYING TO DO THAT AGAIN. BUT ANY TIME YOU HAVE A RIDGE IN THE WEST, YOU'RE GONNA HAVE A TROUGH IN THE EAST. SO EVEN IF WE HAVE A WARM UP AS WE HEAD INTO PARTS OF NEXT WEEK. IT'S NOT GOING TO BE MUCH OF A WARM UP AND LOOKS LIKE COLD AIR COMES IN RIGHT BEHIND THAT ONCE AGAIN. THAT'S A LOOK ACROSS THE COUNTRY NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. FIST OF ALL FROM MIZZOULA MONTANA PARTLY SUNNY, AND RATHER COLD…HIGH TEMP OF 31 TEXARKANA TEXAS HIGH OF 31 AND FALLING AND CLEVELAND OHIO WINDY AND FRIGID WITH LAKE EFFECT SNOW SHOWERS HIGH OF ONLY 15…
TEASE:
CAMERAS ON FARM EQUIPMENT ARE COMMONPLACE THESE DAYS. NEXT WE'LL HEAR FROM ONE FARMER WHO DECIDED NOT TO RELY ON THE FACTORY TO DO THE WORK, AND HE EARNED SOME MONEY BY DOING SO. THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. A WORTHY NEW YEAR'S RESOLUTION IS TO EXERCISE. IF PART OF YOUR JOB IS TALKING TO PEOPLE ABOUT HEALTHY LIVING, YOU'D BETTER BE HEALTHY YOURSELF. THAT'S THE CHARGE FOR UNIVERSITY OF TENNESSEE EXTENSION AGENTS STATEWIDE. NOW MANY OF THOSE AGENTS ARE USING A SOCIAL MEDIA TREND TO PROMOTE SMART LIFESTYLES. IN THIS REPORT PROVIDED BY U-T, CHUCK DENNEY REPORTS ON "HEALTHY SELFIES."
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

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