AgDay Daily Recap -May 18, 2016

May 18, 2016 02:57 AM
 

TODAY ON AGDAY
MAY 18, 2016


OPENING HEADLINES:
COMING UP TODAY ON AGDAY -A NEW STUDY ON GENETICALLY MODIFIED VERSUS CONVENTIONAL CROPS AIMS TO CLEAR UP CONFUSION.. PLUS, LOOKING FORWARD TO THE SUMMER GROWING SEASON...
"IN GENERAL, THOSE LOOKING FOR A MAJOR WEATHER PROBLEM THIS YEAR, NOT GOING TO HAPPEN. I THINK WE'RE ON PAR TO DO FAIRLY CLOSE TO TRENDLINE THIS YEAR," WE'RE WRAPPING UP THE I-80 PLANTING TOUR. IN AGRIBUSINESS.. CHECKING ON PROTEIN MARKETS. IT'S BEEN A CRAZY MARKET. FOLLOWING PRODUCE FROM THE FIELD, THANKS TO OUR REPORTING PARTNERS AT THE PACKER. AND THESE BEES ARE GETTING A PLACE A PROMINENCE IN A POPULAR WEST COAST DESTINATION.
BIOTECH VS. CONVENTIONAL CROP PLANTING REVEALS NO RISK TO HEALTH, STUDY SAYS:
GOOD MORNING I'M CLINTON GRIFFITHS. A NEW REPORT THAT COMPARES GENETIC ENGINEERING TO CONVENTIONAL PLANT BREEDING IS LIKELY TO SETOFF A FIRESTORM OF DEBATE AFTER THE STUDY REVEALS THE DIFFERENCE IS NOT SO CLEAR-CUT. THE NATIONAL ACADEMIES OF SCIENCES, ENGINEERING AND MEDICINE CONDUCTED AN EXTENSIVE STUDY ON THESE TWO "CROP-IMPROVEMENT" APPROACHES. THE PANEL FOUND -QUOTING HERE -"NO SUSTANTIAL EVIDENCE OF A DIFFERENCE IN RISK TO HUMAN HEALTH" BY USING BIOTECH.
NO ENVIRONMENTAL PROBLEMS FOUND:
THE STUDY ALSO SHOWS NO CONCLUSIVE CAUSE-AND-EFFECT EVIDENCE OF ENVIRONMENTAL PROBLEMS FROM THE G-E CROPS. IT DID INDICATE, HOWEVER, THAT RESISTANCE IS EVOLVING IN G-E CROPS. THE ACADEMY SAYS IT USED EVIDENCE COLLECTED OVER 20 YEARS TO ASSESS THE PURPORTED BENEFITS OR CONSEQUENCES FROM USING THE CROP TECHNOLOGY. THEIR STUDY CITES 900 RESEARCH PAPERS WHICH STUDIED G-E CHARACTERISTICS IN CORN, SOY AND COTTON.
USDA TO ALLOW MORE IMPORTS OF CANE SUGAR:
ON TUESDAY, USDA MADE A CHANGE TO THE COUNTRY'S SUGAR IMPORT POLICY. IT NOW ALLOWS FOR MORE IMPORTS OF CANE SUGAR. THE AG DEPARTMENT SAYS IT TOOK THIS ACTION TO MAINTAIN AN ADEQUATE SUGAR SUPPLY IN AN UNCERTAIN MARKET. USDA SAYS THE UNCERTAINTY IS DUE -IN PART -TO THE LACK OF A NATIONAL LABELING STANDARD ON GMO FOOD PRODUCTS. AS WE REPORTED LAST MONTH, SUGAR USERS LIKE HERSHEYS ARE SWITCHING FROM GMO SUGARBEEETS TO GMO-FREE CANE. MEANWHILE, THE U-S SUGAR COMPLEX WILL GET NEW COMPETITION NEXT YEAR.
STARTING IN OCTOBER 2017, EUROPEAN SUGAR PRODUCTION QUOTAS AND
EXPORT LIMITS WILL BE DROPPED. EUROPEAN SUGAR GROUPS WILL BE ALLOWED TO PRODUCE AND SHIP AS MUCH SUGAR AS THEY WANT. THEIR CROP COMES FROM NON-GMO BEETS.
GRAIN TRADE COULD BE ON THE RISE:
ON THE GRAINS SIDE, NEW ESTIMATES SAY GLOBAL TRADE IS ON THE RISE...AND THERE'S NO SIGN OF IT SLOWING DOWN. ACCORDING TO A NEW RABOBANK REPORT, SINCE 2010 THE GROWTH OF GLOBAL GRAIN AND OIL SEED TRADES HAS RISEN BY MORE THAN--150 MILLION TONS IN THE LAST 5 YEARS. THAT GROWTH IS 50 PERCENT HIGHER THAN THE PREVIOUS FIVE YEARS. HOWEVER, ECONOMISTS SAY GIVEN THE SIGNIFICANT DECLINE IN PRICES, THE VALUE OF THESE FLOWS HAS DROPPED TO 200 BILLION DOLLARS--THAT'S DOWN MORE THAN 15 PERCENT. GLOBAL IMPORTS ARE DOMINATED, BY ASIA--FOLLOWED BY THE EU AND THEN AFRICA.
SOUTH CAROLINA VETOS FLOOD RECOVERY BILL:
SOUTH CAROLINA'S COMMISSIONER OF AGRICULTURE IS URGING THE STATE LEGISLATURE TO OVERRIDE THE GOVERNOR'S VETO OF FLOOD RELIEF LEGISLATION. FLOODING LAST OCTOBER CAUSED 376 MILLION DOLLARS IN AGRICULTURAL LOSSES. MORE THAN TWO FEET OF RAIN FELL IN 12 HOURS. ON MONDAY SOUTH CAROLINA GOVERNOR NIKKI HALEY VETOED A BILL THAT WOULD HAVE PROVIDED 40 MILLION DOLLARS IN STATE AID. SHE SAYS FARMERS HAVE SEVERAL OPTIONS INCLUDING FEDERAL AID.
HARD TO GET CROPS IN THE GROUND:
SOUTH CAROLINA AG COMMISSIONER HUGH WEATHER SAYS FARMERS ARE STRUGGLING TO PUT A NEW CROP IN THE GROUND. THE STATE HOUSE AND SENATE OVERWHELMINGLY APPROVED THE ORGINAL BILL.
I-80 PLANTING TOUR:
AS PLANTING HEADS FOR THE HOMESTRETCH, WEATHER IS ALWAYS TOP OF MIND. BUT THE RECENT RAINY PATTERN FOR THE U.S.--DRIVEN BY EL NINO--IS ELEVATING THE CONVERSATION. FOR OUR LAST I-80 PLANTING REPORT, BETSY JIBBEN TALKS WITH TWO METEOROLOGISTS ON THEIR OUTLOOKS FOR THE GROWING SEASON AND THE POSSIBILITY OF A DROUGHT RETURNING DUE TO LA NINA.
ACTIVE GULF HURRICANE SEASON ANTICIPATED:
HOWEVER, HE'S ANTICIPATING A FAIRLY ACTIVE HURRICANE SEASON IN THE GULF "THAT'S A WILD CARD THAT WE CAN'T FORECAST RIGHT NOW. BUT I DO THINK THERE COULD BE HURRICANEHITS IN THE GULF OF MEXICO REGION DURING THE LATE SUMMER AND INTO THE FALL," RYAN MARTIN IS A GRAIN TRADER AND METEROLOGIST FOR HOOSIER AG. TODAY. HE SAYS EL NINO AND LA NINA WON'T LEAVE MUCH OF AN IMPACT THIS YEAR.
CROP COMMENTS:
 ALRIGHT WE'VE LOOK AT THE FUTURE, LETS TAKE A LOOK AT WHAT'S HAPPENING
RIGHT NOW. MIKE HOFFMAN JOINING US ONCE AGAIN FOR TODAY'S CROP COMMENTS.
GOOD MORNING CLINTON. WE'VE TALKED A BIT ABOUT SUGARBEETS ALREADY THIS MORNING.
WE RECEIVED THIS PHOTO FROM A VIEWER WHO WAS SCOUTING ONE OF HIS SUGAR BEET FIELDS IN KENNEDY, MINNESOTA.
TEASE:
WHEN WE COME BACK, MARK GOLD JOINS ME AT THE AGRIBUSINESS DESK WITH A LOOK AT THE PROTEIN SECTOR AND HIS THOUGHTS ON THE CATTLE AND HOG MARKETS. AND LATER, HOUSING IN CALIFORNIA CAN BE PRETTY PRICEY, BUT THESE BEES WERE ARE LIVING IN LUXURY THANKS TO SOME KIND CARETAKERS. THAT STORY WHEN WE RETURN.

AGRIBUSINESS:
MARK GOLD, TOP THIRD OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. LET'S TALK ABOUT THE CATTLE AND THE HOG MARKET, MARK, BECAUSE WE ARE STEPPING INTO THE STRONG DEMAND SEASON, BUT IT DOESN'T FEEL LIKE WE'RE PULLING THOSE PRICES ALONG AT THAT RATE. > WELL, THE CATTLE CERTAINLY DON'T. IT'S BEEN A CRAZY MARKET. WE SAW THE CASH MARKET ON THURSDAY JUMP UP TO 132-136.
NATIONAL WEATHER:
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE, WE ARE LOOKING WHERE THE WEATHER IS ON THE MAP HERE AND IT LOOKS LIKE THE SOUTHWEST AND EAST COAST. YEAH, THAT'S WHERE THE TWO SYSTEMS ARE RIGHT NOW. BOTH A LITTLE BIT OF SLOW-MOVING SYSTEM BUT THEY'RE FASTER THAN WE'VE SEEN OVER THE PAST TWO OR THREE WEEKS, WHICH IS GOING TO BE GOOD NEWS FOR THE CORN BELT OVERALL. THAT'S BECAUSE THIS IS A VERY SLOW-MOVING HIGH PRESSURE SYSTEM AND THAT'S GOING TO GIVE YOU SEVERAL DAYS OF DRY WEATHER IN THE NORTHERN AND CENTRAL PLAINS TODAY AND IT'LL END UP DRYING OUT THE EASTERN OHIO VALLEY AS WE HEAD THROUGH MOST OF THE NEXT SEVERAL DAYS AS WELL. BUT LET'S PUT THE MAPS INTO MOTION. FIRST STORM SYSTEM ALONG THE EAST COAST, THERE WERE TWO OF THEM. THEY MERGED INTO ONE. THAT MAIN STORM MAINLY OFFSHORE BY LATER ON TODAY, WHICH MEANS THERE IS STILL NOT A LOT OF MOISTURE ONCE THIS SYSTEM GOES OFF SHORE. IT'S JUST GOING TO BE SOME LINGERING SHOWERS IN MID-ATLANTIC, CENTRAL AND SOUTHERN APLICIANS.
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE'LL HEAD TO MILES CITY, MONTANA FIRST OF ALL, LOTS OF SUNSHINE AND COMFORTABLE TODAY. HIGH OF 77. TEXARKANA, TEXAS, NOT AS WARM, A SHOWER IN SOME AREAS. THE HIGH IS 69. AND AKRON,OHIO IS A MIX OF SUNSHINE AND CLOUDS. THE AFTERNOON HIGH IS 65 DEGREES.
TEASE:
UP NEXT WE'RE LOOKING AT A BUNCH OF NEWS (GET IT) FROM OUR NEW REPORTING PARTNERS AT THE PACKER.... INCLUDING AN UPDATE ON THE APPLE MARKET.  AND BEES ARE GETTING HELP FROM SOME UN-LIKELY CHARACTERS. DETAILS IN THE COUNTRY.
PACKER:
FROM OUR NEW CORPORATE COWORKERS AT THE PACKER, THE PRICE OF APPLES ARE UP HERE MID-MAY BUT --VOLUMES ARE LOWER. USDA SAYS CARTONS ARE RED DELICIOUS --SIZE 72--FROM WASHINGTON AVERAGED 18 TO 20 DOLLARS. THAT'S UP 6 OR 7 BUCKS PER BOX OVER LAST YEAR AT THIS TIME. GALA APPLES NEARLY DOUBLED IN PRICE. THROUGH MAY 14TH, 5 POINT 6 BILLION POUNDS OF APPLES HAVE BEEN SHIPPED TO THE U.S. --NEARLY A HALF BILLION MORE THAN LAST YEAR.
AVOCADO SHIPMENTS BEHIND:
MEANWHILE, IN FLORIDA AVOCADO SHIPMENTS ARE RUNNING BEHIND. ACCORDING TO THE PACKER, THE FIRST AVOCADO SHIPMENT WILL START NEARLY A MONTH LATER THAN NORMAL. THEY DON'T EXPECT TO SEE ANY PROMOTABLE VOLUMES UNTIL LATER IN JULY. FOR THE SEASON THE REGION EXPECTS TO HARVEST A COUPLE MILLION BUSHELS BETWEEN 3 OF THE MAIN VARIETIES.
TEASE:
PRETTY COOL ALRIGHT WHEN WE COME BACK, IT MAY BE A BIG CITY BUT THESE CALIFORNIA BEES FOUND THE HONEY POT HIGH ABOVE THE BUSY STREET.
IN THE COUNTRY:
SAN FRANCISCO IS A POPULAR TOURIST DESTINATION. AND THEIR HOTELS ARE BOOKED. . . WITH BEES! HIGH ABOVE THE BUSY STREETS OF SAN FRANCISCO...SOMETHING NEW IS BUZZING. SEVERAL OF THE CITY'S TOP HOTELS HAVE BUILT BEE HIVES ON THEIR ROOFTOPS... TO HELP THE COUNTRY'S BEE POPULATION DEVASTATED BY DISEASE AND HABITAT LOSS. THE FAIRMONT HOTEL CREATED A NATURAL HABITAT AREA -USING LOGS AND VEGETATION RATHER THAN HIVES. THEY'RE ACTUALLY THREE TIMES BETTER POLLINATORS THAN ANY OTHER POLLINATORS OUT THERE. THESE BEES ARE VERY IMPORTANT TO THE POLLINATION PROCESS AND EVERY BITE THAT WE EAT."
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR BETSY JIBBEN AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.
PROMO:
I'M CLINTON GRIFFITHS. THURSDAY ON AGDAY - YOU MAY BE STILL FOCUSED ON SPRINGPLANTING, BUT WHAT WILL YOUR FALL INPUTS LOOK LIKE?  WE'LL ANALYZE. PLUS THE LATEST CATTLE NEWS FROM OUR PARTNERS AT DROVERS. WATCH US WEEKDAYS ON AGDAY.

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close