AgDay Daily Recap -July 13, 2015

July 13, 2015 02:57 AM
 

TODAY ON AGDAY
JULY 13, 2015

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - ANOTHER ROUND OF USDA REPORTS PUSHES GRAIN MARKETS TO THE UPSIDE…ORANGE PRODUCTION DROPS SIGNIFICANTLY ON CITRUS GREENING CHALLENGES…IN AGRIBUSINESS...SORTING OUT MARKET DIRECTION FOLLOWING A SOGGY SPRING. THE PROBLEM IS THE WEATHER FORECAST IS NOT BAD AS WE GO THROUGH POLLINATION. MACHINERY PETE SAYS AUCTIONS ON AN UPTICK. AND BUILDING A CLASSROOM FROM LEFTOVER PLASTIC BOTTLES AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO…
S&D REPORT:
GOOD MORNING I'M CLINTON GRIFFITHS. MAJOR GRAINS SAW A MAJOR GAIN TO CLOSE THE WEEK AFTER USDA ESTIMATED A SMALLER SUPPLY...AND THAT'S OUR TOP STORY ON AGDAY.
WINTER WHEAT:
USDA LOWERED ITS ALL WINTER WHEAT PRODUCTION ESTIMATE THREE PERCENT FROM ITS JUNE FIRST FORECAST TO ONE-POINT-FOUR-SIX BILLION BUSHELS. THE YIELD ESTIMATE IS NOW 43-POINT-SEVEN BUSHELS, DOWN EIGHT-TENTHS FROM LAST MONTH.
ILLINOIS CROP:
THE RAINFALL IN MAY AND JUNE HAS PUT THE CORN CROP IN A DIFFICULT POSITION THIS GROWING SEASON IN MUCH OF THE EASTERN CORN BELT. ILLINOIS, INDIANA AND OHIO ALL SET RECORD RAINFALL TOTALS LAST MONTH. IN THIS REPORT PROVIDED BY THE UNIVERSITY OF ILLINOIS EXTENSION TODD GLEASON HAS MORE ON HOW THE 2015 CROP MIGHT WEATHER THE STORMS.
ORANGE PRODUCTION:
ONE OF THE BIGGEST CHANGES IN USDA'S REPORT COMES FROM THE ORANGE GROVES OF FLORIDA. THE AG DEPARTMENT PEGGING ORANGE PRODUCTION AT JUST UNDER 97 MILLION - 90 POUNDS - BOXES. THAT'S AN EIGHT PERCENT DROP FROM LAST YEARS 104 MILLION BOXES IN FLORIDA. COMPARE THOSE NUMBERS TO THE PEAK CITRUS YEAR OF 1997 WHEN 244-MILLION BOXES WERE PICKED. GROWERS ARE STRUGGLING AGAINST A CITRUS GREENING, A DISEASE SPREAD BY A TINY INSECT. FLORIDA'S AG COMMISSIONER SAYS THESE NUMBERS REPRESENT A NEW LOW FOR THE STATE'S SIGNATURE CROP.
TEASE:
STILL TO COME A LOOK AT MARKET POTENTIAL IN A YEAR OF HIGH VARIABILITY...
CME REPORT:
IN AGRIBUSINESS GRAIN MARKETS CLOSING THE WEEK ON A POSITIVE NOTE FOLLOWING FRIDAY'S REPORTS…LIVESTOCK WERE MIXED. LETS GET THE DETAILS FROM THE FLOOR OF THE CME.
ANALYSIS INTRO:
THE GROWING SEASON IS STACKING UP WITH HAVES AND HAVE NOT'S...THOSE THAT HAVE POTENTIAL FOR GREAT YIELDS AND THOSE THAT DON'T. SO WHAT'S IT MEAN FOR PRICES? TYNE MORGAN HAS MORE IN TODAY'S ANALYSIS.
GLUTEN FREE STUDY:
AND A NEW STUDY FROM RESEARCHERS AT THE GEORGE INSTITUTE FOR GLOBAL HEALTH SAYS THAT THE ACTUAL NUTRITIONAL VALUE OF GLUTEN FREE PRODUCTS AND REGULAR PRODUCTS IS BASICALY THE SAME. DR. JASON WU LOOKED AT SOME 32-HUNDRED PRODUCTS IN TEN FOOD CATEGORIES. HE SAYS WHILE THE COST IS SIGNIFICANTLY MORE EXPENSIVE, THE DIFFERENCE IN OVERAL NUTRITION IS SMALL OR NONEXISTENT.
FROZEN CUSTARD CALAMITY:
FROZEN CUSTARD AT A POPULAR EAST COAST ICE CREAM SHOP APPEARS TO BE THE LATEST VICTIM OF AVIAN FLU. EGGS ARE A KEY INGREDIENT TO THE RICHNESS OF FROZEN CUSTARD. THE SUMMER TREAT IS BEING PULLED FROM RITA'S STORES DUE TO AN EGG SHORTAGE CAUSED BY THE AVIAN FLU OUTBREAK. USDA SAYS EGG PRODUCTION DROPPED FIVE PERCENT FROM LAST YEAR. RITA'S C-E-O SAYS IT CAN'T GET ENOUGH EGGS FOR ITS RECIPE. IT'S BEEN REPLACED TEMPORARILY WITH SOFT-SERVE ICE CREAM.
ITC PLASTIC BOTTLE GREENHOUSE:
YOU'VE HEARD THE OLD ADDAGE TRASH TO TREASURE. WELL SOME STUDENTS IN AUSTRALIA JUST SPENT 3 YEARS TURNING PLASTIC BOTTLES INTO A FULL SIZED ECO-CLASSROOM.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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