AgDay Daily Recap -June 24, 2015

June 24, 2015 02:57 AM
 

TODAY ON AGDAY
JUNE 24, 2015

OPEN HEADLINE:
TODAY ON AGDAY - HOW BIG OF A CORN CROP WILL WE HAVE THIS YEAR? SYNGENTA'S "SOCIAL" RESPONSE TO THE LATEST MONSANTO OFFER…BUILDING ON THE FUTURE OF MISSOURI'S DAIRY INDUSTRY ONE CAMPER AT A TME…AGDAY BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.
ALLENDALE ESTIMATES:
GOOD MORNING I'M BETSY JIBBEN. CLINTON GRIFFITHS IS ON ASSIGNMENT. AS USDA PREPARES TO RELEASE ONE OF ITS BIGGEST REPORTS OF THE YEAR, ANALYTS ARE RELEASING THEIR OWN FORECASTS...AND THAT'S OUR TOP STORY ON AGDAY.
RICH NELSON ANALYSIS:
ALLENDALE SAYS THE USDA SURVEY ASKS FARMERS FOR ONE ACREAGE NUMBER - HOW MANY ACRES HAVE THEY PLANTED OR INTEND TO PLANT". BUT ALLENDALE'S SURVEY INCLUDES A QUESTION ABOUT PREVENT-PLANT ACRES. TYNE MORGAN TAKES A CLOSER LOOK AT THE ALLENDALE REPORT WITH THEIR CHIEF NUMBER CRUNCHER. TYNE!
RUSSIA IMPORT BAN:
MEANWHILE RUSSIA IS NOT EASING ITS STANCE ON IMPORTS OF FOOD FROM SEVERAL WESTERN NATIONS INCLUDING THE UNITED STATES, IN FACT THE COUNTRY PLANS TO EXTEND THE BAN UNTIL AT LEAST JANUARY. RUSSIA IMPOSED THE ORIGINAL BAN AFTER THE U-S, CANADA, THE EUROPEAN UNION AND AUSTRALIA IMPOSED SANCTIONS OVER HOSTILITIES IN UKRAINE. THE BAN PROHIBITS FOOD IMPORTS OF FRUIT, VEGETABLES, MEAT, POULTRY, FISH, MILK AND DAIRY. ACCORDING TO REUTERS NEWS SERVICE, RUSSIA MAY ADD NEW PRODUCTS TO THE LIST OF BANNED IMPORTS.
CROP WATCH:
WET CONDITIONS CONTINUE THROUGHOUT POCKETS OF THE CORN BELT.  METEROLOGIST TAKES A CLOSER LOOK IN THIS MORNING'S CROP WATCH.  GOOD MORNING, MIKE.
TEASE:
UP NEXT, WE'LL BE DISCUSSING CURRENT SOYBEAN SUPPLIES IN STORAGE. CLINTON GRIFFITHS LEADS THAT CONVERSATION IN AGRIBUSINESS. PLUS GENERAL MILLS JOINS A GROWING LIST OF FOOD MAKERS WITH RECIPE CHANGES.
ANALYSIS INTRO:
EARLIER IN THE SHOW, WE TALKED ABOUT KEY REPORTS COMING OUT NEXT TUESDAY INCLUDING THE PLANTED ACREAGE REPORT. USDA WILL ALSO RELEASE ITS QUARTERLY GRAIN STOCKS REPORT. IN THIS MORNING'S ANALYSIS, CLINTON GRIFFITHS LOOKS AT THE CURRENT LEVEL OF SOYBEANS IN THE U-S.
HERSHEYS:
EARLIER IN THE SHOW, WE TALKED ABOUT KEY REPORTS COMING OUT NEXT TUESDAY INCLUDING THE PLANTED ACREAGE REPORT. USDA WILL ALSO RELEASE ITS QUARTERLY GRAIN STOCKS REPORT. IN THIS MORNING'S ANALYSIS, CLINTON GRIFFITHS LOOKS AT THE CURRENT LEVEL OF SOYBEANS IN THE U-S.
GENERAL MILLS:
GENERAL MILLS IS THE LATEST MAJOR FOOD MANUFACTURER TO ANNOUNCE PLANS TO DROP ARTIFICIAL COLORS AND FLAVORS FROM ITS CEREALS. THE COMPANY SAYS IT'S RESPONDING TO GROWING DEMAND FROM CONSUMERS FOR FOOD MADE WITH INGREDIENTS PEOPLE SEE AS NATURAL. GENERAL MILLS SAYS 90 PERCENT OF ITS CEREALS WILL HAVE NO ARTIFICIAL INGREDIENTS BY THE END OF 2016. THE COMPANY SAID MONDAY THAT TRIX AND REESE'S PUFFS WILL BE AMONG THE FIRST CEREALS TO UNDERGO THE CHANGES. THE MINNEAPOLIS COMPANY SAYS CEREALS LIKE LUCKY CHARMS THAT HAVE MARSHMALLOWS MAY TAKE LONGER TO REFORMULATE. THE CEREAL MAKER JOINS HERSHEY AND NESTLE WHO ALREADY ANNOUNCED CHANGES.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

 

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