AgDay Daily Recap -October 22, 2014

October 22, 2014 02:57 AM
 

TODAY ON AGDAY
OCTOBER 22, 2014

OPEN HEADLINES:
COMING UP TODAY ON AGDAY - A TRADE DEAL WORTH BILLION CONTINUES TO FALTER. WHAT WILL IT TAKE TO FINISH THE TALKS? IT IS TIME FOR ALL OF US TO BE BOLD. THE HARVEST TOUR STOPS IN IOWA... IN AGRIBUSINESS...KEEPING AN EYE ON OIL…THEY SEE NOW THE BAKKEN OIL BEING A BIG COMPETITOR TO THE, AND AN UNDERWATER RECOVERY IS HELPING SPORTSMEN IN THE CHESAPEAKE BAY. AGDAY-BROUGHT TO YOU BY CHEVY SILVERADO 2014 NORTH AMERICAN TRUCK OF THE YEAR. I'M BETSY JIBBEN. WE EXITED OFF I-80 IN WESTERN, IA AND ENOUGH THOUGH FIELDS WERE DROWNED WITH RAIN OVER THE GROWING SEASON FARMERS HAVE A LOT TO BE OPTIMISTIC FOR.
BB 180 HARVEST TOUR:
THE I 80 HARVEST TOUR IS BROUGHT TO SPONSORED BY THE ENLIST WEED CONTROL SYSTEM FROM DOW AGROSCIENCES. A NEW HERBICIDE AND TREAT SYSTEM THAT WILL BUILD ON GLYPHOSATE…
180 IOWA:
WHILE MANY FARMERS THROUGHOUT THE CORN BELT ARE DEEP INTO HARVEST, OTHERS HAVE BEEN AT A STANDSTILL.  FARMERS IN WESTERN, IOWA SAY THEY'VE RECEIVED OVER 40 INCHES OF RAIN SINCE APRIL, THAT’S ABOUT 15 INCHES ABOVE NORMAL. ALL THAT WET WEATHER IS MAKING IT TOUGH TO GET THEIR JOB DONE THIS FALL.
AG DAY'S BETSY JIBBEN HAS THE STORY.
TEASE:
WHAT FACTORS ARE IN PLAY TO CAUSE THE RECENT DROP IN OIL PRICES? WE'LL DISCUSS IN ANALYSIS. PLUS, HOW WOULD YOU LIKE TO "PRINT" YOUR NEXT MEAL? WE'LL LOOK AT 3-D PRINTING IN THE FOOD INDUSTRY.
ANALYSIS INTRO:
YOU'VE PROBABLY NOTICED A DROP AT THE GASOLINE PUMP RECENTLY. PART OF THAT DECREASE IS DUE TO LOWER CRUDE OIL PRICES. FARM DIRECTOR AL PELL DISCUSSES WHAT'S HAPPENING IN THE GLOBAL OIL MARKETS.
ANALYSIS:

HERE AT THE AGRIBUSINESS DESK WE'RE TALKING TO PETER MEYER OF PIRA AND ONE OF THE THINGS THAT A LOT OF PRODUCERS ARE CONCERNED ABOUT IS THEIR OIL PRICES BECAUSE THE FUEL PRICE IS A COST OF PRODUCTION BUT THEN THEY START LOOKING AT HOW THE CRUDE PRICES HAVE BEEN GOING DOWN THINKING THAT HEY WE MAY GET BACK TO WHERE WE'RE GOING TO BE ABLE TO BUY GASOLINE FOR A DOLLAR A GALLON.  WELL I DON'T THINK IT'S GOING TO GO THAT LOW AL BUT I MEAN THIS WHOLE DROP OFF RECENTLY IN PRICES REALLY COMES FROM THE SAUDIS WHO IT  KIND OF WAS LEAKED OUT THEY DIDN'T AN OFFICIAL ANNOUNCEMENT THAT THEY WERE WILLING TO SELL CRUDE OIL AT 80 DOLLARS A BARREL AND THAT'S WHY YOU. WELL THEY GOT THE 80 DOLLARS A BARREL.  RIGHT AND WE DID RIGHT I MEAN WE'VE DROPPED DRAMATICALLY JUST IN THE LAST 2 WEEKS OR SO NOW YOU'VE GOTTEN BRENT DOWN TO 80 BUCK WHICH WILL PROBABLY BRING WTI PROBABLY DOWN TO ABOUT 76 OR SO IT'S ABOUT A 4 DOLLAR SPREAD IN THERE NOW THE REASON THAT THEY UNOFFICIALLY HAVE SAID THAT THEY ARE WILLING TO SELL OIL AT 80 DOLLARS IS TO KIND OF REDUCE IT'S TO TRY I SHOULD SAY TO REDUCE THE INVESTMENT IN THE DAKOTAS THEY SEE NOW THE BAKKEN OIL BEING A BIG COMPETITOR TO THEM I MEAN LET'S BE HONEST I MEAN THE US.  WELL THEY ARE NO QUESTION ABOUT IT.  THE US HAS PASSED SAUDI ARABIA AS FAR AS THE LARGEST OIL PRODUCED IN THE WORLD SO NOW WHAT THEY'RE TRYING TO DO IS PLAY WITH THE PLAY WITH THE NUMBERS A LITTLE BIT SO THAT THE INVESTMENT WILL STOP GOING INTO THE DAKOTAS BUT THAT BEING SAID I MEAN YOU THE DAKOTAS ARE PROBABLY THOSE PRODUCERS OUT THERE ARE PROBABLY SELL OIL DOWN TO 65 DOLLARS SO WHAT DOES THAT WHERE DOES THAT LEAVE THE SAUDIS LEAVES THE SAUDIS JUST TRYING TO HOLD ON TO AN 80 DOLLAR PRICE IT'S INTERESTING IT'S ALL IT'S ALL POLITICS AT THIS POINT WITH THOSE GUYS. WELL NOW QUESTION ABOUT THAT IT'S POLITICS THAT SORT OF THING BUT FROM OUR COUNTRY STANDPOINT WHEN WE'D BE BETTER OFF WE REALLY DID HAVE A SELF-CONTAINED ENERGY.  I'D LOVE TO SEE IT I'D LOVE TO SEE US EXPORTING OIL IT WOULD BE IT WOULD BE GREAT. YOU THINK WE COULD? I THINK WE CAN I THINK WE CAN WHEN YOU LOOK AT THE EFFICIENCY OF CARS THE FACT THAT GASOLINE DEMAND IS FLAT TO DOWN FOR THE LAST 3 OR 4 YEARS IN A ROW WE COULD END UP WITH EXCESS IT'S GOING TO TAKE A WHILE AND YOUR STILL GOING TO HAVE SOME ISSUES WITH THE ENVIRONMENTALIST IT'S GOING TO TAKE A PIPELINE BEING PUT IN WE CANNOT RELY ON THE RAILROADS AS HARD THEY WORK YOU JUST CAN'T MOVE THAT VOLUME IF WE'RE GOING TO BE AN EXPORTER SO THERE  ARE A LOT OF PARTS BUT I THINK WE CAN GET THERE. BUT THE THINGS THAT'S GOING TO HAPPEN IS THOSE PEOPLE THAT ARE DOING IT ARE GOING TO BE ABLE TO MAKE A LITTLE MONEY AND MAKE WORK. CORRECT AND AT THE MOMENT THE RAILROADS ARE MAKING A LOT OF MONEY EVEN WITH THE PRICE GOING DOWN THE RAILROADS ARE STILL MAKING AN AWFUL LOT OF MONEY. PETER MEYER OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.

WX:
HERE AT THE AGRIBUSINESS DESK WE'RE TALKING TO PETER MEYER OF PIRA AND ONE OF THE THINGS THAT A LOT OF PRODUCERS ARE CONCERNED ABOUT IS THEIR OIL PRICES BECAUSE THE FUEL PRICE IS A COST OF PRODUCTION BUT THEN THEY START LOOKING AT HOW THE CRUDE PRICES HAVE BEEN GOING DOWN THINKING THAT HEY WE MAY GET BACK TO WHERE WE'RE GOING TO BE ABLE TO BUY GASOLINE FOR A DOLLAR A GALLON.  WELL I DON'T THINK IT'S GOING TO GO THAT LOW AL BUT I MEAN THIS WHOLE DROP OFF RECENTLY IN PRICES REALLY COMES FROM THE SAUDIS WHO IT  KIND OF WAS LEAKED OUT THEY DIDN'T AN OFFICIAL ANNOUNCEMENT THAT THEY WERE WILLING TO SELL CRUDE OIL AT 80 DOLLARS A BARREL AND THAT'S WHY YOU. WELL THEY GOT THE 80 DOLLARS A BARREL.  RIGHT AND WE DID RIGHT I MEAN WE'VE DROPPED DRAMATICALLY JUST IN THE LAST 2 WEEKS OR SO  NOW YOU'VE GOTTEN BRENT DOWN TO 80 BUCK WHICH WILL PROBABLY BRING WTI PROBABLY DOWN TO ABOUT 76 OR SO IT'S ABOUT A 4 DOLLAR SPREAD IN THERE NOW THE REASON THAT THEY UNOFFICIALLY HAVE SAID THAT THEY ARE WILLING TO SELL OIL AT 80 DOLLARS IS TO KIND OF REDUCE IT'S TO TRY I SHOULD SAY TO REDUCE THE INVESTMENT IN THE DAKOTAS THEY SEE NOW THE BAKKEN OIL BEING A BIG COMPETITOR TO THEM I MEAN LET'S BE HONEST I MEAN THE US.  WELL THEY ARE NO QUESTION ABOUT IT. THE US HAS PASSED SAUDI ARABIA AS FAR AS THE LARGEST OIL PRODUCED IN THE WORLD SO NOW WHAT THEY'RE TRYING TO DO IS PLAY WITH THE PLAY WITH THE NUMBERS A LITTLE BIT SO THAT THE INVESTMENT WILL  STOP GOING INTO THE DAKOTAS BUT THAT BEING SAID I MEAN YOU THE DAKOTAS ARE PROBABLY THOSE PRODUCERS OUT THERE ARE PROBABLY SELL OIL DOWN TO 65 DOLLARS SO WHAT DOES THAT WHERE DOES THAT LEAVE THE SAUDIS LEAVES THE SAUDIS JUST TRYING TO HOLD ON TO AN 80 DOLLAR PRICE IT'S INTERESTING IT'S  ALL IT'S ALL POLITICS AT THIS POINT WITH THOSE GUYS. WELL NOW QUESTION ABOUT THAT IT'S POLITICS THAT SORT OF THING BUT FROM OUR COUNTRY STANDPOINT WHEN WE'D BE BETTER OFF WE REALLY DID HAVE A SELF-CONTAINED ENERGY.  I'D LOVE TO SEE IT I'D LOVE TO SEE US EXPORTING OIL IT WOULD BE IT WOULD BE GREAT. YOU THINK WE COULD?  I THINK WE CAN I THINK WE CAN WHEN YOU LOOK AT THE EFFICIENCY OF CARS THE FACT THAT GASOLINE DEMAND IS FLAT TO DOWN FOR THE LAST 3 OR 4 YEARS IN A ROW WE COULD END UP WITH EXCESS IT'S GOING TO TAKE A WHILE AND YOUR STILL GOING TO HAVE SOME ISSUES WITH THE ENVIRONMENTALIST IT'S GOING TO TAKE A PIPELINE BEING PUT IN WE CANNOT RELY ON THE RAILROADS AS HARD THEY WORK YOU JUST CAN'T MOVE THAT VOLUME IF WE'RE GOING TO BE AN EXPORTER SO THERE  ARE A LOT OF PARTS BUT I THINK WE CAN GET THERE.  BUT THE THINGS THAT'S GOING TO HAPPEN IS THOSE PEOPLE THAT ARE DOING IT ARE GOING TO BE ABLE TO MAKE A LITTLE MONEY AND MAKE WORK. CORRECT AND AT THE MOMENT THE RAILROADS ARE MAKING A LOT OF MONEY EVEN WITH THE PRICE GOING DOWN THE RAILROADS ARE STILL MAKING AN AWFUL LOT OF MONEY. PETER MEYER OUR GUEST HERE AT AGDAY BACK WITH MORE IN A MOMENT.
TEASE:
UP NEXT, MCDONALDS RECENTLY STRUGGLING WITH INCREASING COMPETITION AND OVERSEAS SCANDLES. WE'LL TELL YOU HOW THAT'S IMPACTING SALES.
WHOLE FOODS COMMERCIALS:
UPSCALE GROCERY WHOE FOODS MARKET UNVEILING IT'S FIRST NATIONAL AD CAMPAIGN THIS WEEK. THE PRIMETIME COMMERCIAL AND PRINT ADS FOCUSES CLOSELY ON FARMS AND FARMERS GROWING THE GOODS. WHOLEFOODS IS FACING MORE COMPETITION IN THE ORGANIC SECTOR FROM PLACES LIKE KROGER AND WALMART. IT'S PLANNING TO SPEND 15 TO 20 MILLION DOLLARS.
3D FOOD PRINTING:
AND THE FUTURE OF EVERYTHING FROM FURNITURE TO FOOD ON DISPLAY AT THE RECENT 3D PRINT SHOW IN PARIS. NOW A 3 BILLION DOLLAR MARKET---ABOUT 200-THOUSAND 3-D PRINTERS WERE SOLD LAST YEAR.  THAT'S EXPECTED TO DOUBLE IN THIS YEAR.
SOME OF THE LATEST CAPABILITIES INCLUDE FOOD PRINTERS WITH AN ABILITY TO EXECUTE COMPLICATED DESIGNES. LIKE THIS GOAT'S HEAD MADE OF PRINTED GOAT CHEESE, OR A TOWER OF CHOCOLATE.
 ITC SEA GRASSES:
RESEARCHERS SAY A SIGNIFICANT GROWTH OF AQUATIC GRASSES IN THE UPPER CHESAPEAKE IS MAKING THE ESTUARY CLEANER AND MORE PRODUCTIVE. THAT PART OF THE CHESAPEAKE IS FED BY THE SUSQUEHANNA RIVER. IN FACT, HALF OF ALL FRESH WATER IN THE BAY COMES FROM THAT ONE RIVER. WITH HEALTHIER WATER, SPORT FISHING AND HUNTING ARE MAKING A DRAMATIC COMEBACK. TOM RITCHIE HAS DETAILS.
CLOSE:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.

 

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