AgDay Daily Recap -March 30, 2016

March 30, 2016 02:57 AM
 

TODAY ON AGDAY
MARCH 30, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -A CHECK ON SOUTHERN PLANTING PROGRESS...PLUS THE START OF OUR I-80 PLANTING TOUR. IN AGRIBUSINESS...PREVIEWING USDA PROSPECTIVE PLANTING'S REPORT.
THAT MARCH 31ST REPORT BOTH FROM THE ACREAGE AND THE STOCKS SIDE, HISTORICALLY IT IS A PRETTY VOLATILE REPORT   DEERE ANNOUNCES A JOINT VENTURE WITH ANOTHER SPRAYER COMPANY. AND LOUISIANA IS KNOWN FOR ITS SEAFOOD. WE'LL TOUR A GATHERING TO SEE WHAT'S NEW FOR THE INDUSTRY.
RAIN SLOWS CORN PLANTING IN THE SOUTH:
GOOD MORNING I'M CLINTON GRIFFITHS. CORN PLANTING IS BEGINNING TO RAMP UP IN THE SOUTHERN CORN BELT. AND AS SOIL TEMPS START TO CREEP HIGHER IN THE HEART OF THE MIDWEST, FARMERS ARE ANXIOUS TO GET ROLLING ON THE 2016 CROP.  IN THE SOUTH -FARMERS HAVE BEEN SLOWED-UP BY RE-OCCURRING RAIN STORMS. ARKANSAS CORN REACHED JUST EIGHT PERCENT THIS WEEK. TYPICALLY IT'S 20PERCENT BY NOW. MISSISSIPPI FARMERS ARE IN THE SAME BOAT WITH CORN PLANTING AT FIVE PERCENT. USUALLY, THEY'RE ABOUT A THIRD OF THE WAY DONE. BUT THEY'VE RECEIVED ABNORMAL AMOUNTS OF RAIN. LOUISIANA ALSO HAS SIGNIFICANT DELAYS FROM ITS AVERAGE 60-PERCENT. BUT TEXAS IS ON PACE WITH 38-PERCENT IN THE GROUND.
USDA TO RELEASE PLANTINGS REPORT:
USDA IS RELEASING ITS HIGHLY ANTICIPATED PROSPECTIVE PLANTINGS REPORT  TOMORROW WHICH WILL GIVE A STARTING POINT ON WHAT TO EXPECT FOR CORN, SOYBEAN, WHEAT AND COTTON ACREAGE FOR THE YEAR. AGDAY NATIONAL REPORTER BETSY JIBBEN SPOKE TO SOME FARMERS AHEAD OF THE REPORT TO SEE WHAT THEY HAVE PLANNED FOR THEIR ACRES...AND IT KICKS OFF OUR 2016 I-80 PLANTING TOUR. ANOTHER SEASON IS HERE.. A NEW YEAR OFFERING FRESH CHALLENGES WITH POTENTIAL TO SWAY ACREAGE. ON THE ACREAGE SIDE, THOSE ARE THE VARIANCE OF OPINIONS, BEING PRETTY WIDE THIS YEAR. IT COULD SET UP A POTENTIAL SURPRISE."
PLANTED ACRES IN 2010 AND `15:
HERE'S HOW PLANTED ACREAGE STACKED UP IN 2015 AND 2010. MORE CORN AND COTTON ACRES WERE PLANTED IN 2010. COMPARED TO WHAT WAS PLANTED IN USDA'S 2015 CROP PRODUCTION SUMMARY. BUT MORE WHEAT AND SOYBEAN ACRES WERE PLANTED IN 2015. HERE IS THE ACREAGE FROM USDA'S CROP PRODUCTION 2015 SUMMARY (IN MILLION ACRES) CORN: ACRES PLANTED: 87.99 M (88.0) SOYBEANS: ACRES PLANTED: 82.65 M (82.6) WHEAT: ACRES PLANED: 54.64 M (54.6) M COTTON: ACRES PLANTED: 8.58 M(8.6) M PLANTED ACREAGE FROM USDA'S CROP PRODUCTION 2010 SUMMARY: ( IN MILLION ACRES) CORN ACRES PLANTED: 88.19 (88.2) M SOYBEANS: ACRES PLANTED: 77.4 M WHEAT: ACRES PLANTED: 53.6 M COTTON: ACRES PLANTED: 10.97 M>>>>
PRICES WEIGH ON PLANTING:
IT SEEMS LIKE MOTHER NATURE THORWS US CURVEBALLS AND WE HAVE QUESTIONS ABOUT PREVENT PLANT AND EXCESSIVE WEATHER AND MOISTURE." THIS YEAR, IT'S PRICES THAT MAY ALTER DECISIONS. THE INPUT COSTS ARE WHAT'S HURTING US. THE PRICE OF CORN, WHEN IT GOES UP, THOSE GO UP. WHEN IT DROPS IN HALF, THESE INPUTS HAVEN'T DROPPED IN HALF,"> FERTILIZER AND ANHUDRUS IS ALL GOING UP REGARDLESS BUT JUST HAVE TO WATCH OUR P'S
FLOODING IN THE SOUTH CAUSES DAMAGE AND SOME RE-PLANTING:
AREAS OF THE SOUTHERN PLAINS AND SOUTHEAST ALREADY EXPERIENCING SOME FLOODING EARLIER THIS MONTH, CAUSING DAMAGE AND EVEN REPLANTING. FARMERS WE'VE TALKED TO SAY WITH ALL PRICES LOWER, AGRONOMICS ARE BACK DRIVING THE PLANTER. MAKING THE TREND IN 2016.. DOING WHAT'S BEST FOR THE FARM. REPORTING FOR AGDAY, I'M BETSY JIBBEN.
USDA TO PUT OUT CROP PROGRESS REPORT MONDAY:
YOU HEARD FROM CHIP NELLINGER. HE'LL RETURN IN OUR NEXT SEGMENT FOR TODAY'S ANALYSIS. WE'LL BEGIN OUR STATE-BY-STATE CHECK NEXT WEEK WITH A LOOK AT PLANTING IN NEBRASKA. MEANTIME, USDA WILL BEGIN RELEASING ITS NATIONAL CROP PROGRESS REPORT ON MONDAY.
BRAZILIAN BEEF EXPORTS EXPECTED TO INCREASE ACCORDING TO RABOBANK:
RABOBANK SAYS U-S BEEF WILL BE GETTING MORE PRESSURE FROM SOUTH AMERICA THIS YEAR. THE ANALYSTS EXPECT BRAZILIAN BEEF EXPORTS TO INCREASE BY ABOUT ELEVEN PERCENT. THE WEAKER BRAZILIAN CURRENCY HAS MADE BEEF VERY COMPETITIVE ON INTERNATIONAL MARKETS, AND STRONG GLOBAL DEMAND HAS PUSHED LOCAL MARKET PRICES HIGHER. RABOBANK SAYS THE COUNTRY IS FACING HIGH INFLATION AND A RISING UNEMPLOYMENT RATE. THOSE FACTORS ARE HAMPERING DOMESTIC CONSUMPTION. THE HIGH DOMESTIC BEEF PRICES HAVE PUSHED CONSUMERS TOWARDS CHEAPER PROTEINS, SUCH AS POULTRY.
CROP COMMENTS:
CROP COMMENTS TAKES US ALONG THE NORTHERN PLAINS. HERE'S MIKE HOFFMAN FROM THE AGDAY WEATHER CENTER. MIKE. GOOD MORNING CLINTON.
CALVING SEASON IS IN FULL SWING. THIS IS WHAT THE CONDITIONS WERE LIKE MONDAY IN SOUTHEAST SOUTH DAKOTA. THEY GOT ABOUT A HALF FOOT OF SNOW LAST WEEK. BUT MUCH OF IT HAS ALREADY MELTED. MEANWHILE TO THE NORTH WINTER WHEAT LOOKS GOOD. THE CROP PROGRESS REPORT SHOWS WINTER WHEAT IN NORTH DAKOTA AT 65-PERCENT GOOD TO EXCELLENT.
IN MONTANA HOWEVER, THE CROP IS STRUGGLING A BIT. 49-PERCENT IS GOOD TO EXCELLENT. LAST YEAR IT WAS 58-PERCENT.
MARCH REPORTED TO BE MILD AND DRY MONTH:
THE STATE 'NASS" OFFICE SAYS MARCH WAS LARGELY MILD AND DRY WITH LIMITED MOISTURE ACROSS MONTANA NOW TAKING A LOOK AT THE WET AREAS EASTERN TEXAS INTO THE SOUTHERN MISSISSIPPI VALLEY WESTERN GREAT LAKES AND THE WEST COAST THE DRY AREAS MAINLY IN THE DESERT SOUTH WEST WE’LL HAVE YOUR FORECAST COMING UP BUT FIRST HERE ARE SOME HOMETOWN TEMPS
TEASE:
UP NEXT WE'LL CONTINUE OUR LOOK AT THE UPCOMING PROSPECTIVE PLANTING REPORT FROM USDA. TYNE MORGAN JOINS US FROM THE AGRIBUSINESS DESK.  PLUS, WE'LL SHOW YOU HOW LOUISIANA'S LAND-GRANT SCHOOL IS HELPING PRODUCERS GET THE MOST OUT OF THEIR SEAFOOD INDUSTRY.
DEERE AND COMPANY TO ENTER JOINT VENTURE WITH HAGIE MANUFACTURING:
DEERE AND COMPANY ANNOUNCING TUESDAY IT'S ENTERING A JOINT VENTURE WITH HAGIE MANUFACTURING ON IT'S HIGH CLEARANCE SPAYERS. DEERE WILL GET MAJORITY OWNERSHIP OF HAGIE, WHILE THE HAGIE COMPANY WILL KEEP ITS BRAND AND CONTINUE TO PRODUCE SPRAYERS AT ITS CLARION, IOWA LOCATION. SALES AND SERVICE WILL SOON BE INTEGRATED INTO JOHN DEERE'S DEALERSHIPS.
KRONE MOVES TO INDIANA:
AND KRONE MANUFACTURING--A HAY AND FORAGE EQUIPMENT FOCUSED COMPANY SAYS IT'S RELOCATING FROM MEMPHIS TO INDIANA. IT'S PLANNING TO BUILD A 12 AND A HALF MILLION DOLLAR MANUFACTURING AND HEADQUARTERS IN SHELBYVILLE.
FROM THE FLOOR OF THE CME:
IN AGRIBUSINESS LETS SEE WHERE MARKETS ENDED UP DURING TUESDAY'S SESSION. FOR THAT WE HEAD TO THE FLOOR OF THE CME IN CHICAGO.  FROM THE FLOOR AT THE CME GROUP I'M VIRGINIA MCGATHY
AGRIBUSINESS:
THE USDA'S PLANTING INTENTIONS REPORT IS DUE THURSDAY AT NOON. TYNE MORGAN JOINS US AT THE AGRIBUSINESS DESK WITH A PREVIEW OF WHAT TRADERS EXPECT. HERE NOW WITH CHIP NELLINGER OF BLUE REEF AGRI-MARKETING. CHIP, BIG REPORT COMING OUT OF THE USDA THIS WEEK WHEN WE LOOK AT THE ACREAGE REPORT, USUALLY A MARKET MOVER, BUT IT SEEMS HEADING INTO THIS REPORT WE HAVE A WIDE RANGE OF GUESSES THIS TIME.> YEAH, THEY ARE VERY WIDE RANGE WHICH SETS UP THE POSSIBILITY FOR A SURPRISE. THAT MARCH 31ST REPORT BOTH FROM THE ACREAGE AND THE STOCKS SIDE, HISTORICALLY IT IS A PRETTY VOLATILE REPORT.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY MIKE ANOTHER WEEK ANOTHER WET SYSTEM LOOKS LIKE ITS GOING TO WORK ITS WAY ACROSS THE COUNTRY. YES IT DOES. THIS COLD FRONT IS GOING TO MOISTEN UP PRETTY GOOD AND START TO CREATE SOME SHOWERS AND THUNDERSTORMS AND THERE'S MOISTURE ALONG THE NORTHERN FRONT AS WELL.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY NOW LETS TAKE A LOOK AT SOME LOCAL FORECASTS. FOR WYOMING TODAY BECOMING PARTLY SUNNY BUT STILL CHILLY HIGH TEMPERATURE OF 47.  MISSISSIPPI VARIABLY CLOUDY AN AFTERNOON THUNDERSTORM LIKELY HIGH OF 73. AND BURLINGTON VERMONT SUNNY AND BIT MILDER AFTERNOON HIGH OF 55.
TEASE:
WE HOPE YOU JOIN US FRIDAY AS WE MEET AN IDAHO FARM FAMILY THAT'S GONE FROM LEASING TEN COWS TO ONE OF THE LARGEST DAIRY PRODUCERS IN THE STATE. WE'LL SHOW YOU HOW TONS OF DATA IS HELPING THE FAMILY MANAGE FOR EFFICIENCY. THAT'S FRIDAY ON AGDAY.
UP NEXT, CHANGES IN CHINA'S STOCKPILING POLICY COULD TRICKLE DOWN TO U.S. MARKETS. AND LATER, THE SEAFOOD INDUSTRY GATHERS IN LOUISIANA.WE'LL GET A TOUR OF WHAT'S NEW AND WHAT'S NEXT.
GMO ENFORCEMENT MEMO:
VERMONT'S ATTORNEY GENERAL RECENTLY ISSUED AN ENFORCEMENT MEMO ON THE STATE'S GMO LABELING LAW. VERMONT ATTORNEY GENERAL SAID LAST WEEK THAT WHILE THE LAW TAKES EFFECT IN JULY, ALL PRODUCTS MUST BE PROPERLY LABELED BY JANUARY 1ST, 2017. THE ENFORCEMENT DELAY GRANTS PRODUCTS ON STORE SHELVES IN JULY A "SAFE HARBOR" IN REGARDS TO THEIR SHELF LIFE. IN A STATEMENT, THE ATTORNEY GENERAL SAID "UNLESS THERE IS EVIDENCE THAT A MANUFACTURER DISTRIBUTED A MISLABELED PRODUCT AFTER JULY 1ST, 2016, WE WILL NOT BRING AN ENFORCEMENT ACTION OR SEEK FINES FOR THOSE PRODUCTS."
CHINA PLANS TO STOP STOCK PILING GRAIN IN THE FALL:
REPORTS FROM CHINESE MEDIA INDICATE THE NATION WILL SCRAP ITS NINEYEAR-OLD CORN STOCKPILING SCHEME. THE COUNTRY INSTEAD PLANNING TO LET THE MARKET TO DETERMINE DOMESTIC CORN PRICES. A CHINESE TELEVISION STATION REPORTS THAT CHINA WILL DIRECTLY SUBSIDIZE FARMERS AND STOP STOCKPILING GRAIN BEGINNING THIS FALL. THE U.S. GRAINS COUNCIL SAYS DOMESTIC PRICES IN CHINA HAVE ALREADY FALLEN ABOUT 30 PERCENT IN THE PAST 6 MONTHS...BUT PRICES ARE STILL WELLABOVE THE WORLD MARKET. CHINA CURRENTLY HOLDS MASSIVE STATE RESERVES CONSIDERED THE LARGEST CORN STOCKPILE IN THE WORLD.
RUSSIA’S WEAK CURRENCY COULD HELP THEM BE THE SECOND LARGEST WHEAT EXPORTER:
A RUSSIAN AGRICULTURE CONSULTANCY GROUP EXPECTS RUSSIA TO BECOME THE WORLD'S SECOND-LARGEST WHEAT EXPORTER IN 2015-16, THANKS TO ITS WEAK CURRENCY, ITS LARGE CROP AND A DECLINE IN COMPETITION FROM ITS MAIN RIVALS. LAST YEAR RUSSIA OCCUPIED THE NUMBER FOUR WHEAT EXPORTING SPOT, BEHIND THE EU, U.S. AND CANADA.
CME LAUNCH:
THE CME GROUP IS ONE STEP CLOSER TO LAUNCHING LONG-PLANNED EUROPEAN UNION WHEAT FUTURES. THE NEWS COMES AFTER CME HAS RESOLVED CONTRACT ISSUES WITH GRAIN SILO OPERATORS IN FRANCE, ACCORDING TO REUTERS.  A LAUNCH WOULD PUT CME IN COMPETITION WITH EURO-NEXT IN PARIS, WHOSE MILLING WHEAT CONTRACT IS A BENCHMARK IN THE EUROPEAN UNION.
TEASE:
UP NEXT WE'LL TAKE A LOOK AT THE NEW OPPORTUNITIES IN THE SEAFOOD MARKET...IN LOUISIANA. IN THE COUNTRY AFTER THE BREAK. HEAD TO AGWEB TODAY FOR YOUR CHANCE TO WIN A BRAND NEW HOT WATER POWER WASHER FROM HOTSY. NOTHING CLEANS LIKE HOTSY.
IN THE COUNTRY:
THE SEAFOOD INDUSTRY IS AN IMPORTANT ECONOMIC DRIVER IN LOUISIANA AND THE GULF COAST. THE LOUISIANA FISHERIES FORWARD SUMMIT ALLOWED  EXPERTS IN THE AREA OF SEAFOOD HANDLING AND MARKETING THE OPPORTUNITY TO HIGHLIGHT NEW DEVELOPMENTS IN THE INDUSTRY. LSU AGCENTER'S CRAIG GAUTREAUX HAS THIS REPORT.
CATCHING SEAFOOD HAS NEVER BEEN DIFFICULT FOR LOUISIANA  COMMERCIAL FISHERS, BUT LOW PRICES RECEIVED AT THE DOCK ARE A MAJOR PROBLEM. TO HELP INCREASE THE WORTH OF THEIR CATCH, EXPERTS ARE ENCOURAGING THEM TO ADD VALUE TO THEIR PRODUCT THROUGH ADDITIONAL MARKETING AND PROCESSING TECHNIQUES. THOMAS HYMEL, AN LSU AGCENTER AND SEA GRANT FISHERIES AGENT, SAYS IT CAN BE A SIMPLY AS PEELING AND DEVEINING THE SHRIMP THAT ARE CAUGHT. WHEN YOU TAKE THAT PRODUCT, AND YOU DO SOMETHING ELSE TO IT, YOU CAN PUT IT IN THE FREEZER. WITH THE LSU AGCENTER, THIS IS CRAIG GAUTREAUX REPORTING.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.FOR MIKE HOFFMAN, AND TYNE MORGAN. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. THURSDAY ON AGDAY. OUR PARTNERS AT DROVERS HAVE THE LATEST NEWS FROM THE CATTLE SECTOR. MIKE HOFFMAN HAS YOUR PLANTING FORECAST AND DETAILED GRAIN MARKET ANALYSIS. SET YOUR ALARM EACH MORNING FOR AGDAY.

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