AgDay Daily Recap - December 13, 2010

December 13, 2010 04:54 AM
 

TODAY ON AGDAY:
DECEMBER 13, 2010

S&D REPORT:
LABELED BY SOME IN THE INDUSTRY AS "UNDERWHELMING", USDA RELEASED THE LATEST SUPPLY-DEMAND REPORT NUMBERS. FOR EXAMPLE, CORN CARRYOVER WAS ALTERED UPWARD BY JUST FIVE MILLION BUSHELS, NOW SITTING AT 832-MILLION. SOYBEAN CARRYOVER WAS DECREASED, BUT LESS THAN MANY ANALYSTS EXPECTED. THE NEW FIGURE OF 165 MILLION BUSHELS IS STILL HISTORICALLY TIGHT AND SUPPORTS IDEAS OF CONTINUED STRONG PRICES. FOR WHEAT, USDA PEGGED CARRYOVER AT 858-MILLION BUSHELS, TEN MILLION HIGHER THAN THE NOVEMBER FORECAST.

COTTON PRODUCTION:
USDA LOWERED COTTON PRODUCTION FIGURES BY 1% FROM ITS NOVEMBER FORECAST. THAT'S DUE TO SOME WEATHER-RELATED PROBLEMS. DESPITE THE DROP, PRODUCTION IS STILL 50% HIGHER FROM A YEAR AGO. USDA EXPECTS GROWERS WILL PRODUCE 18.3 MILLION BALES WITH AN AVERAGE YIELD OF 814 POUNDS PER HARVESTED ACRE. THERE WERE YIELD DECLINES IN MISSISSIPPI, OKLAHOMA, TENNESSEE AND TEXAS. PRO FARMER EDITOR CHIP FLORY ANALYZES THE DATA.

VEETC:
THE DEAL THAT EXTENDS THE BUSH TAX BREAKS - AND IS THE CENTER OF VIGOROUS DEBATE IN WASHINGTON - NOW INCLUDES ETHANOL INCENTIVES THAT ARE SET TO EXPIRE IN THREE WEEKS. THE TAX AGREEMENT NEGOTIATED BETWEEN CONGRESSIONAL LEADERS AND THE WHITE HOUSE CONTAINS AN EXTENSION OF THE ETHANOL TAX CREDIT, COMMONLY KNOWN AS VEETC. VEETC WOULD REMAIN AT THE CURRENT LEVEL OF 45-CENTS A GALLON UNTIL THE END OF NEXT YEAR. THE MEASURE ALSO KEEPS A 54-CENT TARIFF ON IMPORTED ETHANOL. REPUBLICAN LAWMAKERS ALSO INCLUDED A BIODIESEL TAX CREDIT THAT EXPIRED AT THE BEGINNING OF THIS YEAR. ACCORDING TO SENATOR CHUCK GRASSLEY OF IOWA, THAT CREDIT WOULD EXTEND RETRO-ACTIVELY TO COVER ALL OF 2010 AND THRU THE END OF 2011.

UK SWITCHGRASS:
WHILE THE INDUSTRY WAITS ON CONGRESS, RESEARCHERS AROUND THE COUNTRY ARE MOVING FORWARD WITH THE NEXT GENERATION OF ETHANOL. MUCH OF THAT FOCUS HAS BEEN ON CELLULOSIC ETHANOL, OR ETHANOL MADE FROM PLANT FIBER. IN FACT, A FOUR YEAR PILOT PROJECT AT THE UNIVERSITY OF KENTUCKY EXPLORING SWITCHGRASS IS NOW DRAWING TO A CLOSE. UK REPORTER JEFF FRANKLIN SAYS SOME TEST FARMERS ARE STRIKING OUT ON THEIR OWN TO MARKET THE GRASS. DURING THE FOUR YEAR STUDY, RESEARCHERS DISCOVERED THE CROP CAN STAND SOME WEED PRESSURE. IT ALSO REQUIRES FEWER INPUTS THAN GRAINS.

DEERE WIND:
IN AGRIBUSINESS DEERE AND COMPANY SAYS IT HAS COMPLETED THE SALE OF ITS WIND ENERGY BUSINESS. THE EQUIPMENT MAKER SOLD ITS JOHN DEERE RENEWABLES TO EXELON GENERATION COMPANY. IN AUGUST, DEERE ANNOUNCED THE TWO COMPANIES HAD SIGNED A DEFINITIVE AGREEMENT FOR THE TRANSACTION. DEERE SAID IT SOLD THE WIND ENERGY DIVISION TO FOCUS ITS EFFORTS ON ITS CORE BUSINESS.

TRADE DEFICIT:
THE U.S. TRADE DEFICIT FELL TO ITS LOWEST LEVEL IN NINE MONTHS, AS GROWING DEMAND FOR AMERICAN GOODS OVERSEAS PUSHED EXPORTS TO THEIR HIGHEST LEVEL IN MORE THAN TWO YEARS. THE COMMERCE DEPARTMENT SAYS THE TRADE DEFICIT NARROWED TO 39-BILLION DOLLARS IN OCTOBER. THE FIGURE IS 13%BELOW SEPTEMBER FIGURES. MUCH OF THAT IMPROVEMENT IS BASED ON SALES OF U.S. FARM PRODUCTS. EARLIER THIS MONTH, USDA PROJECTED AG EXPORTS AT 126-BILLION DOLLARS, WITH A 41-BILLION DOLLAR TRADE SURPLUS.

ANALYSIS:
DOUG WERLING

IN THE COUNTRY; LATE SEASON DEER:
AS CHRISTMAS QUICKLY APPROACHES IT’S NEVER TOO EARLY TO PLAN FOR THAT HOLIDAY FEAST. FOR MANY THAT DELECTIBLE DINNER WILL INCLUDE VENISON. DEER SEASON IS ROLLING ALONG AND IN IOWA MORE AND MORE HUNTERS ARE GOING OLD SCHOOL. MUZZLELOADER SEASON IS UNDERWAY AND MORE POPULAR THAN EVER. AS JOE WILKINSON FROM THE IOWA DNR TELLS US, THESE HUNTERS ENJOY THE CHALLENGE OF A SINGLE SHOT. THANKS JOE, STILL TO COME FIND OUT HOW BLUEBERRIES CAN HELP PREVENT ALZHEIMERS AND PARKINSON'S.  PLUS HOLIDAY WEIGHT GAIN ISN'T JUST A SEASONAL PROBLEM...COMMING UP ON FOOD AND YOUR FAMILY.

EAT IRON:
IS YOUR BODY USING IRON EFFICIENTLY? THAT'S THE QUESTION, SCIENTISTS ARE ASKING IN TODAY'S FOOD AND YOUR FAMILY. A RECENTLY PUBLISHED STUDY SAYS FOR THE FIRST TIME A LINK HAS BEEN FOUND BETWEEN THE WAY THE BODY UTILIZES IRON AND THE LIKLIHOOD OF DEVELOPING DISEASES LIKE ALZHEIMERS, MULTIPLE SCLEROSIS OR PARKINSONS. THIS RESEARCH SUGGESTS THE MAJORITY OF THESE SERIOUS ILLNESSES ARE CAUSED IN PART BY POORLY BOUND IRON...WHICH AFFECTS HOW IRON IS METABOLIZED IN THE BODY. THE STUDY SAYS EATING COLORFUL FRUITS ESPECIALLY PURPLE ONES, LIKE BLUEBERRIES, BRIGHT VEGETABLES OR EVEN DRINKING GREEN TEA CAN HELP. THESE FOODS ARE WELL KNOWN FOR THEIR IRON BINDING ABILITIES.

HOLIDAY WEIGHT GAIN:
AND FOR THOSE KEEPING A RUNNING TALLY...HOW MUCH WEIGHT DO MOST PEOPLE GAIN THROUGH THE HOLIDAYS? MANY FOLKS SAYS ITS FIVE OR TEN POUNDS...BUT NUTRITION SPECIALISTS WITH MISSOURI EXTENSION, SAY IN REALITY ITS ONLY ABOUT ONE POUND. THE PROBLEM IS...EVEN THOUGH IT’S ONLY A POUND, MANY PEOPLE NEVER LOSE IT. THE WEIGHT SIMPLY ADDS UP YEAR AFTER YEAR. NUTRITION SPECIALISTS SAY RATHER THAN EXERCISING THE TYPICAL NEW YEAR'S RESOLUTION OF MORE TIME IN THE GYM...ITS BEST TO WATCH WHAT YOU EAT AT THE HOLIDAY PARTY.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INFO@AGDAY.COM . YOU CAN ALSO CHECK US OUT ON SOME OF THAT NEW TECHNOLOGY, AT WWW.FACEBOOK.COM/AGDAY .
 

 

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