AgDay Daily Recap - January 12, 2011

January 12, 2011 02:27 AM
 

TODAY ON AGDAY:
JANUARY 12, 2011

USDA REPORTS:
GOOD MORNING. ALL EYES ARE ON THE USDA THIS MORNING AS IT GETS SET TO RELEASE ITS NEWEST ROUND OF REPORTS. FROM THE LATEST SUPPLY DEMAND NUMBERS, TO REVISED 2010 CROP PRODUCTION FIGURES TO WINTER WHEAT SEEDINGS...ITS GOING TO BE A BUSY DAY FOR THE MARKETS AS THEY TRY TO SORT IT ALL OUT. ANALYSTS ARE PREDICTING A FURTHER REDUCTION IN CORN ENDING STOCKS. IF THAT HAPPENS CORN PRICES ARE EXPECTED TO SURGE HIGHER. SOYBEAN AND WHEAT CARRYOVER ARE ALSO EXPECTED TO BE DOWN. IT ALL LEADS TO INCREASING PRICES AND TOUGH DECISIONS FOR GROWERS AS PLANTING SEASON QUICKLY APPROACHES. PROFARMER EDITOR CHIP FLORY BREAKS DOWN WHAT TO WATCH FOR AS THE REPORTS COME OUT.

USDA PREVIEW CHIP:
ALRIGHT THANKS CHIP. WE'LL HAVE MORE ANALYSIS FROM CHIP TOMORROW MORNING. BUT TO READ THEM YOURSELF, YOU CAN FIND THOSE REPORTS AT www.agweb.com . THEY GET RELEASED AT 8:30 EASTERN TIME.

2011 EQUIPMENT SALES:
AG CONNECT EXPO JUST WRAPPED UP THIS WEEK IN ATLANTA GEORGIA.  WHILE AG PRODUCERS FILLED THE EXHIBITION HALLS, IT WAS OPTIMISM THAT PERMIATED THE ATMOSPHERE. VISITORS WERE EXPECTING SOLID FARM INCOMES IN 2011. CURRENT PRICES FOR BOTH GRAINS AND MOST LIVESTOCK ARE AT NEAR RECORD LEVELS. THAT HAD FARMERS DOING MORE THAN JUST KICKING TIRES. AGDAY'S MICHELLE ROOK TELLS US WHY SHOW TIME DECISIONS MAY TRANSLATE INTO CONTINUED SALES OF EQUIPMENT IN 2011. THANK YOU MICHELLE. MICHELLE SAYS, THE OUTLOOK FOR AG EQUIPMENT EXPORTS IS ALSO POSITIVE FOR 2011.  SALES IN THE FIRST HALF OF 2010 WERE SOFT DUE TO THE WORLD RECESSION. THIS YEAR, NOW THAT FINANCES MAY BE STABILIZING, AG EQUIPMENT MANUFACTURERS SEE STRONG GROWTH POTENTIAL IN BRAZIL, RUSSIA, AND ACROSS EUROPE.

VILSAC BUDGET:
AG CONNECT WASN'T THE ONLY EVENT HAPPENING IN ATLANTA THIS WEEK. THE AMERICAN FARM BUREAU HELD ITS ANNUAL CONVENTION AT THE SAME TIME. DURING THE GATHERING USDA SECRETARY TOM VILSACK SPOKE TO THE GROUP ABOUT ISSUES FACING AGRICULTURE IN 2011. HE SAYS AGRICULTURE CAN EXPECT BUDGETS TO COME UNDER FIRE DURING DISCUSSIONS OVER THE NEW FARM BILL. VILSACK BELIEVES THERE WILL BE CUTS TO THE FEDERAL GOVERNMENT'S SUPPORT OF AGRICULTURE.

USDA CROP ACREAGE:
ECONOMISTS IN HIS OFFICE EXPECT TO SEE MORE CROP ACREAGE IN 2011.  THAT COMES FROM THE CHAIRMAN OF THE USDA'S WORLD AGRICULTURAL OUTLOOK BOARD. IN A PRESENTATION ALSO AT THE FARM BUREAU MEETING, THE CHAIRMAN SUGGESTS AS MANY AS 10 MILLION MORE ACRES COULD END UP IN CROP PRODUCTION THIS YEAR.  HE SAYS INDICATORS ARE SUGGESTING MORE COTTON, WHEAT AND SOYBEAN ACRES RATHER THAN CORN, DUE TO ITS VULNERABILITY TO WEATHER AND HIGHER INPUT COSTS.

SARA LEE:
IN AGRIBUSINESS THIS MORNING, SHARE PRICES FOR FOOD COMPANY SARA LEE WERE DOWN TUESDAY AFTER HITTING A 52 WEEK HIGH THE DAY BEFORE. SPECULATION CONTINUES TO SWIRL ABOUT A POSSIBLE BUY OUT BY BRAZILIAN BEEF GIANT JBS. BOTH COMPANIES ARE REFUSING TO COMMENT ABOUT ANY POSSIBLE NEGOTIATIONS.

ANALYSIS:
WITH COMMODITY PRICES HIGH ACROSS THE BOARD GROWERS ARE DECIDING WHICH ACRES GET WHICH CROP. DOWN SOUTH, COTTON IS MAKING A STRONG CASE. IN THIS MORNING'S ANALYSIS FROM THE BELT WIDE COTTON CONFERENCE, AL PELL DISCUSSES HOW MANY ACRES MAY END UP IN COTTON DURING 2011.

IN THE COUNTRY; MONEY MANAGEMENT:
STARTING A NEW YEAR IS A GOOD TIME TO TAKE ANOTHER LOOK AT THE HOUSEHOLD FINANCES. AND GETTING THE ENTIRE FAMILY INVOLVED CAN BE A LEARNING OPPORTUNITY. IN TENNESSEE HIGH SCHOOL STUDENTS ARE GETTING THOSE OPPORTUNITIES IN CLASS. PERSONAL FINANCE IS NOW REQUIRED AS PART OF THEIR EDUCATION. UNIVERSITY OF TENNESSEE EXTENSION IS HELPING. THEY'RE TEACHING THE TEACHERS BEFORE MONEY MANAGEMENT SKILLS GET TO THE STUDENTS.
CHUCK DENNEY REPORTS. THANKS CHUCK. THE FINANCE COURSE TAUGHT TO TENNESSEE STUDENTS IS FROM THE NATIONAL ENDOWMENT FROM FINANCIAL EDUCATION. WE'LL BE RIGHT BACK WITH A STORY ABOUT GETTING A TAN FROM THE SALAD BAR. FOOD AND YOUR FAMILY IS NEXT.

VEGETABLE GLOW:
IN FOOD AND YOUR FAMILY IT’S HARD TO CATCH ENOUGH RAYS DURING THE WINTER MONTHS TO MAINTAIN THAT SUN KISSED GLOW. BUT ACCORDING TO RESEARCHERS IN SCOTLAND...LEAVE THE SUN OUT OF IT.  INSTEAD GET GLOWING SKIN FROM THE GARDEN. THE RESEARCHERS SAY EATING PLENTY OF FRUITS AND VEGETABLES PER DAY CAN GIVE SKIN A MORE GOLDEN COLOR. TO DISCOVER THIS, RESEARCHERS USED TOOLS TO MEASURE THE WAY LIGHT IS ABSORBED BY THE SKIN.
IT REVEALED THOSE PEOPLE WITH A HEALTHY GLOW HAD A HIGHER CONCENTRATION OF CAROTENOIDS...THOSE ARE YELLOW AND RED ANTIOXIDANTS FOUND IN FRUITS AND VEGETABLES LIKE PEPPERS, SPINACH, APRICOTS AND MELONS. THE TEAM ALSO FOUND THE CAROTTENOID COLORED SKIN WAS CONSIDERED MORE ATTRACTIVE THAN SKIN COLORED BY THE SUN.

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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