AgDay Daily Recap- June 24, 2016

June 24, 2016 02:57 AM
 

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TODAY ON AGDAY
JUNE 24, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -IMMIGRATION FALLOUT...AS THE SUPREME COURT BLOCKS THE PRESIDENT'S PLAN. "IT TAKES US FURTHER FROM THE COUNTRY THAT WE ASPIRE TO BE." AND NOW FARMERS AND RANCHERS NEEDING WORKERS ARE ASKING 'WHAT NOW?' IN PROFARMER PROFIT BRIEFING, THE REVERSE RIDE IN CORN. AND BOY DID THEY GET OUT TWO DAYS AND THEY LIQUIDATED A LOT OF LONG POSITIONS. BRIAN AND CHIP TELL US WHERE WE GO FROM HERE. IT'S A GREAT AMERICAN BARN WITH SURVIVAL SKILLS. AND SCIENCE GETS AIRBORNE.
IMMIGRATION POLICY COMES TO HALT:
GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. AN EVENLY SPLIT SUPREME COURT HANDS PRESIDENT OBAMA A MAJOR SETBACK IN HIS PLAN TO CREATE A PATHWAY TO U-S CITIZENSHIP FOR MILLIONS OF ILLEGAL IMMIGRANTS. IT ALSO LEAVES THE FARMERS -WHO RELY ON MIGRANT WORKERS -WITH UNANSWERED QUESTIONS ABOUT A WORKFORCE, A DEADLOCKED SUPREME COURT VOTED FOUR-TO-FOUR ON PRESIDENT OBAMA'S EXECUTIVE ACTION TO SHIELD MILLIONS OF IMMIGRANTS FROM DEPORTATION. WITH THAT EVEN SPLIT, THE LOWER APPEALS COURT RULING STANDS... WHICH SAYS THE WHITE HOUSE LACKS THE AUTHORITY TO IMPLEMENT IMMIGRATION POLICY WITHOUT APPROVAL FROM CONGRESS.
GMO:
IT APPEARS THE SENATE HAS A GMO FOOD LABELING BILL IN PLACE....BUT IT'S TOO LATE TO MAKE A DIFFERENCE IN THE VERMONT ANTI-GMO LABELING LAW. THAT LAW GOES INTO EFFECT ONE WEEK FROM TODAY. LEADERS FROM THE SENATE AG COMMITTEE HAVE AGREED TO CREATE A MANDATORY, NATIONAL SYSTEM OF DISCLOSURE FOR FOOD THAT CONTAINS GMO INGREDIENTS. ACCORDING TO PROFARMER'S JIM WIESEMEYER THE LEGISLATION WILL HAVE TO WAIT UNTIL THE HOUSE RETURNS TO RECONCILE DIFFERENCES. THE HOUSE IS NOW IN RECESS FOR THE JULY 4TH HOLIDAY. IT'S EXPECTED THE PRESIDENT WILL SIGN THE MEASURE BECAUSE IT SHOULD BE SUPPORTED BY AG SECRETARY TOM VILSACK AND OTHERS IN THE CABINET. WIESEMEYER'S SOURCES TELL HIM THAT THE GOAL IS TO FINISH THE BILL AND HAVE IT SIGNED BEFORE THE REPUBLICAN AND DEMOCRATIC CONVENTIONS IN JULY.
GOOD YEAR FOR TART CHERRIES, SWEET CHERRIES OPPOSITE:
 IT'S A GOOD YEAR FOR TART CHERRIES. USDA PROJECTS TART CHERRY PRODUCTION TO BE UP 39 PERCENT FROM 2015'S CROP MICHIGAN IS THE LARGEST PRODUCING STATE, AND GROWERS ARE FORECASTING HIGHER YIELDS. SWEET CHERRY PRODUCTION IS A DIFFERENT STORY. USDA PROJECTS THAT CROP TO BE FALL 6 PERCENT FROM LAST YEAR, MAINLY DUE TO DAMAGE IN CALIFORNIA FROM HEAVY RAINS. BUT WASHINGTON AND OREGON GROWERS ARE SEEING THE EARLIEST HARVEST EVER.
AVOCADO CONSUMPTION DOUBLES OVER 10 YEARS IN U.S.:
MEANWHILE U-S CONSUMPTION OF AVOCADOS HAS DOUBLED IN THE PAST 10 YEARS. AND IT'S NEARLY FOUR TIMES HIGHER THAN IN THE MID-1990S. MUCH OF THAT SUPPLY IS COMING FROM IMPORTS. ACCORDING TO USDA DATA, DOMESTIC PRODUCTION ONLY ACCOUNTS FOR ABOUT 20-PERCENT IN THE U-S. THIS WEEK THE FRESH PRODUCE INDUSTRY IS MEETING IN CHICAGO AT THE "UNITED FRESH EXPO'. WE TALKED WITH ONE OF MEXICO'S TOP AVOCADO EXPORTERS ATHE CONVENTION. THEY SAY U-S DEMAND ACCOUNTS FOR 75-PERCENT OF MEXICO'S EXPORT VOLUME. "THE VOLUME WILL BE PRETTY SIMILIAR, MAYBE 10 TO 15 PERCENT LESS BUT WE'RE EARLY TO GET THE FINAL PROJECTION FOR PRODUCT NUMBER. I CAN TELL YOU FOR THE FIRST THREE MONTHS OF THE NEW SEASON FOR 2016 TO 2017 PROGRAM WHICH IS JULY, AUGUST AND SEPTEMBER, WE'RE GOING TO HAVE 160THOUSAND METRIC TONS AVAILABLE (DOESN'T HAVE POUNDS), JUST TO THE U.S. MARKET. SERENA SAYS ORGANIC PROBLEM IS GETTING MORE DEMAND, TRANSITIONING SOME CONVENTIONAL GROVES TO ORGANIC.
BEEF PRODUCERS FACE EXTREME VOLATILITY AHEAD:
BEEF PRODUCERS ARE ALL TOO FAMILIAR WITH THE DRAMATIC SWINGS IN BEEF PRICES. NOW RABOBANK IS WARNING PRODUCERS THAT EXTREME VOLATILITY WILL CONTINUE TO CHALLENGE THE MARKETS, AND SAY IT'S AN ISSUE THAT NEEDS TO BE RESOLVED.  ECONOMISTS SAY MARKETING DECISIONS ARE DIFFICULT TO EVEN IMPOSSIBLE WITH THE CONSTANT VOLATILITY. EXPORTS IS ALSO A MIXED BAG. BUT RABOBANK BLAMES CHINA'S SLOWING ECONOMY FOR WEAKER BEEF CONSUMPTION. HOWEVER, THE BRIGHT SPOT IS HIGHER AND MIDDLE INCOME EARNERS IN THE COUNTRY AREN'T AFFECTED BY THE ECONOMY, HELPING RETAIN IMPORTS INTO THE COUNTRY. RABO BANK ALSO SAYS THERE WILL BE LESS COMPETITION FROM AUSTRALIA, AS THOSE CATTLE SUPPLIES REMAIN TIGHT, AND PRICES AT RECORD LEVELS IN JUNE.
CROP COMMENTS:
 CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN FROM DOW AGROSCIENCES. PEOPLE IN NORTH CENTRAL ILLINOIS -SOUTHWEST OF CHICAGO -ARE STILL CLEANING-UP AFTER A SERIES OF TORNADOES CAME THROUGH WEDNESDAY. THE NATIONAL WEATHER SERVICE SAYS NO FEWER THAN THREE TWISTERS TOUCHED DOWN IN LASALLE COUNTY ALONE. THE E-F-ZERO TORNADO NEAR OTTAWA FLATTENED SOME CORN FIELDS, DAMAGED BARNS AND SNAPPED TREES. NO INJURIES WERE REPORTED IN THAT COUNTY. LET'S CHECK IN NOW WITH CINDI CLAWSON AND TODAY'S CROP COMMENTS. GOOD MORNING TYNE. THE LATEST DROUGHT MONITOR JUST CAME OUT YESTERDAY. BUT IT'S ALREADY OUTDATED AFTER POWERFUL STORMS MOVED ACROSS THE CORNBELT BRINGING HEAVY RAIN TO ILLINOIS AND INDIANA. USDA ALREADY NOTES THIS NEW MONITOR DOES NOT ACCOUNT FOR THE RAINFALL FROM WEDNESDAY. DROUGHT INTENSIFIED IN IOWA WITH 12-PERCENT NOW IN MODERATE DROUGHT.
TEASE:
STILL TO COME, IN OUR EXCLUSIVE PROFIT BRIEFING -CHIP AND BRIAN DISCUSS THE RECENT FALL-OFF IN CORN PRICES AND WHAT WILL LIKELY DRIVE SUMMER PRICE ACTION FROM HERE. THIS ICONIC STRUCTURE A TRUE SURVIVOR. WE'LL HAVE DETAILS OF OUR GREAT AMERICAN BARN. PLUS -SCIENCE GOES SOARING. I'M CHARLES DENNEY. SOME TENNESSEE KIDS GET A SCIENCE LESSON BY LOOKING SKYWARD. WE'RE STUDYING AND RELEASING HOT AIR BALLOONS. THAT STORY FROM MEIGS COUNTY, TENNESSEE COMING UP ON AGDAY.
AGRIBUSINESS PITCH:
IN AGRIBUSINESS, SOUTH EAST ASIA IS HUNGRY FOR MORE WHEAT, HELPING BOOST DEMAND. RABOBANK SAYS DEMAND IS FORECAST TO GROW AT 4 POINT 5 PERCENT IN COUNTRIES LIKE INDONESIA, THAILAND, VEITNAM AND THE PHILIPPINES. THAT'S DRIVEN BY CHANGING DIETS AND RISING INCOMES. RABOBANK SAYS WHEAT IMPORTS ARE EXPECTED TO TOP 25 MILLION TONNES BY THE YEAR 20-20. THAT'S UP FROM THE 20 MILLION TONNES IMPORTED LAST YEAR, BUT EXPECTS THE MAJORITY TO COME FROM THE BLACK SEA REGION.  AFTER A STRONG RUN IN AG COMMODITIES, THIS WEEK ISN'T LOOKING AS PROMISING FOR THE BULLS. PROFARMER'S CHIP FLORY AND BRIAN GRETE DISCUSS THE RECENT FALL-OFF IN CORN PRICES AND WHAT WILL LIKELY DRIVE SUMMER PRICE ACTION FROM HERE.
PROFARMER:
WELL THERE'S NO QUESTION THAT THE CORN MARKET WENT THROUGH A REVERSAL THIS LAST WEEK BUT BRIAN A LOT OF IT THE WEATHER HAD SOMETHING TO DO WITH THAT BUT A REVERSAL OF THE THE MONEY FLOW THAT A LOT TO DO WITH WHAT HAPPENED IN THE CORN MARKET THIS LAST WEEK TO YEAH YOU KNOW TEMPS MODERATED RAINS ROLLED ACROSS THE CORN BELT FUNDS DECIDED WHETHER IT WAS BECAUSE THE WEATHER AHEAD OF THE JUNE 30H REPORT I WANTED TO LIGHTEN UP SOME OF THEIR MASSIVE LONG POSITION AND BOY DID THEY GET OUT TWO DAYS IN AND THEY LIQUIDATED LOT OF LONG POSITIONS " AT SOME OF THE ESTIMATES WITH OVER THE COURSE IN TWO DAYS WERE UPWARDS OF EIGHTY THOUSAND CONTRACTS ON THE LONG SIDE OF THE MARKET AND YOU KNOW I THINK THAT JUNE 30TH REPORT THE ANTICIPATION OF THAT REPORTS PROBABLY HAD QUITE A BIT TO DO THAT BECAUSE HE MARKET STARTED TO SHOW A LITTLE BIT TECHNICAL WEAKNESS THEY WERE PROBABLY GOING TO GET OUT IS THAT LIGHTENED THEIR LONG POSITIONS A LITTLE BIT ANYWAY RIGHT THEN WE HAVE THE FOURTH OF JULY THEN WE GOT SUMMER WEATHER AND YOU KNOW WHERS'S THAT TAKE SO I THINK THAT YOU KNOW HISTORY SAYS THAT THAT WE HAVE THESE THE SHARP PULL BACKS AFTER A BIG MOVE UP YOU PROBABLY GET A RETEST THOSE HIGHS AT SOME POINT TIME IN A WEATHER THE MARKET "
NATIONAL WEATHER:
TIME NOW A CHECK OF WEATHER WITH CINDY CLAWSON. CINDY YOU MENTIONED THE DROUGHT MONITOR IN THE COMMENTS E ARE SEEING THAT MODERATE DROUGHT ROLE I PLAYED IN MISSOURI AND SOUTH EAST LOOKS LIKE THEY COULD USE SOME RAIN TOO. BUT ONE OF THE WORST AREAS WHERE WE'VE SEEN A DROUGHT CONTINUING TO EXPAND IS RIGHT HERE IN THE SOUTHEASTERN UNITED STATES WHERE SEVERAL AREAS NOW IN SEVERE DROUGHT ALSO SEEING DROUGHT EXPAND ACTUALLY A LOT OF THE NORTHERN AREAS AS WELL WE'RE SEEING SOME DROUGHT INTO THE NORTHEAST WERE SEEING REALLY EXPAND IN PARTS OF NORTHERN PLAINS AND NOW WE'RE SEEING A CLIMB UP INTO MORE OF THE PACIFIC NORTHWEST AS WELL "SO DO WE HAVE ANY RELIEF AS WE GET THROUGH THE WEEK HERE'S A LOOK AT YOUR FORECAST OVER THE NEXT DAY AND A HALF OR SO BRING US THE LOW PRESSURE SYSTEM MOVING THROUGH THE SOUTHEAST UNITED STATES AND ALSO ANOTHER ONE IT'S GOING TO BE AFFECTING PARTS OF THE NORTHERN PLAINS STATES THAT WE DO SEE " A LITTLE BIT OF RAIN IN PARTS OF THE NORTHWEST THERE BUT RIGHT AROUND THE LOWS WILL BE THE BETTER CHANCES FOR SOME RAIN.
REGIONAL WEATHER:
 THAT'S A LOOK AT YOUR NATIONAL FORECAST  NOW LET'S CHECK THE WEATHER WHERE YOU LIVEPOPLAR MONTANA SHOWERS AND THUNDERSTORMS ESPECIALLY TO GET INTO TONIGHT EIGHTY SIX FOR HIGH ANTLERS OKLAHOMA.
TEASE:
 WELL WE'RE HEADING DOWN TO SOUTHERN INDIANA TO GET A LOOK AT THIS WEEK'S 'GREAT AMERICAN BARN' YOU DON'T WANT TO MISS. AND FORGET THE TEXTBOOKSSOME KIDS ARE GETTING A HANDS ON LESSON ABOUT SCIENCE IN THE GREAT OUTDOORS! WE'LL HAVE DETAILS IN THE COUNTRY.
GREAT AMERICAN BARNS:
TODAY'S GREAT AMERICAN BARN DATES BACK TO THE EARLY 1900'S. THE WIESEMAN-EARLS BARN IS LOCATED IN VEVAY. INDIANA. IT HAS A CLASSIC SILHOUETTE. THE OWNERS TELL US IT WAS DAMAGED BY FIRE TWICE BUT WAS REBUILT AND MAINTAINS ITS PLACE OF IMPORTANCE ON THIS FARM. IT IS A GAMBREL-ROOFED BANKED BARN WITH TWO METAL VENTILATORS AND LIGHTNING RODS ON THE ROOF'S RIDGE. FOUR DORMERS ON THE ROOF ADDED EXTRA VENTILATION WHEN THE BARN WAS ACTIVELY USED. INSIDE THE HAY TRACK IS STILL VISIBLE EXTENDING THE LENGTH OF THE BARN. THE LOWER LEVEL WAS DIVIDED INTO A MILKING AREA. SOME MILKING STANCHIONS REMAIN.
THERE'S ALSO A MILKING ROOM. FOR A TIME THAT ROOM WAS USED AS A TOBACCO-STRIPPING ROOM. OUR THANKS TO THE INDIANA BARN FOUNDATION FOR SHOWCASING THIS GREAT AMERICAN BARN.
KIDS IN TENNESSEE GET A SCIENCE LESSON FULL OF HOT AIR. IN THE COUNTRY IS NEXT.
IN THE COUNTRY:
HOT AIR RISES – THAT'S BASIC SCIENCE – AND SOME TENNESSEE KIDS ARE SEEING THIS FIRSTHAND IN A FUN EXPERIMENT. IN THIS REPORT PROVIDED BY THE U-T INSTITUTE OF AGRICULTURE. CHARLES DENNEY SHOWS US IT'S A FUN WAY FOR SCIENCE TO BE TAKEN OUTDOORS. NAME YOUR AIRCRAFT. MEET – AND SAY GOODBYE TO – BILL THE BALLOON.  THAT'S WHAT THE KIDS AT MEIGS COUNTY MIDDLE SCHOOL CALL THIS COLORFUL FELLA. (NAT) TODAY SIXTH GRADE SCIENCE IS SKYWARD, A LESSON THAT JUST FLOATS AWAY. THESE YOUNGSTERS ARE LEARNING ABOUT HOT AIR BALLOONS, AND THE SCIENCE BEHIND WHAT MAKES THEM FLY SO HIGH. "WE LEARNED MORE ABOUT CONVECTION WITHIN THE ATMOSPHERE AND HOW HEAT RISES AND WHAT FACTORS CAN DETERMINE WHETHER THE BALLOON RISES OR WHETHER THEY SINK FASTER." UT EXTENSION AGENTS ARE HERE TO HELP TEACH THE LESSON, AND SET THE BALLOONS ON THEIR WAY. IT'S A COMPONENT OF STEM EDUCATION – SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. "I THINK THIS GIVES THEM THE CHANCE TO REALIZE THAT SCIENCE IS MORE THAN JUST SITTING AT A DESK AND READING OUT OF A BOOK. YOU CAN FIGURE OUT HOW THINGS WORK JUST BY THE ENERGY AND THE ENVIRONMENT AND THE ATMOSPHERE."
CLOSING:
THIS IS CHARLES DENNEY REPORTING. ) THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CINDI CLAWSON AND OUR PARTNERS AT PROFARMER. I'M TYNE MORGAN HAVE A GREAT DAY.

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