AgDay Daily Recap - January 19, 2011

January 19, 2011 04:53 AM
 

TODAY ON AGDAY:
JANUARY 19, 2011

CHINA COTTON:
GOOD MORNING, IT'S BEING CALLED THE MOST IMPORTANT U.S., CHINA SUMMIT IN 30 YEARS. CHINESE PRESIDENT HU JIN-TAO IS SPENDING THE NEXT FOUR DAYS TALKING TRADE. THE COUNTRY KICKED OFF THE MISSION BY SIGNING SIX NEW DEALS IN HOUSTON WORTH 600 MILLION DOLLARS. TWO OF THOSE WERE AGREEMENTS TO IMPORT COTTON.  MARCH AND MAY COTTON FUTURES ROSE THE LIMIT...FOUR DOLLARS PER HUNDRED TUESDAY. CHINA IS THE WORLD'S BIGGEST COTTON BUYER. NEW CUSTOM'S DATA SHOWS CHINESE IMPORTS HAVE MORE THAN DOUBLED IN THE LAST YEAR--HITTING 462,000 METRIC TONS. PRICES ARE ALSO RISING..UP 92% IN 2010. TRENDS ARE LOOKING GOOD FOR STRONG PRICES IN THE NEW YEAR AS THE U.S. IS PREDICTED TO LEAD THE WORLD IN EXPORTS. OTHER BIG EXPORTERS LIKE AUSTRALIA AND PAKISTAN HAVE STRUGGLED WITH NATURAL DISASTERS. AUSSIE FLOODING IS ESTIMATED TO REDUCE THAT COUNTRY'S CROP BY SOME 400,000 BALES. IT ALL POINTS TO TIGHTER SUPPLIES AND MORE DEMAND.  THE U.S. TRADE DEFICIT WITH CHINA IS EXPECTED TO HIT $270 BILLION THIS YEAR. EXPERTS AGREE WITHOUT AG-EXPORTS THE DEFICIT WOULD BE MUCH WORSE. CHINA IS THE WORLD'S LARGEST PLAYER IN COTTON...ACCOUNTING FOR SOME 37 PERCENT OF ALL COTTON ACTIVITY.  LAST YEAR IT STARTED BURNING THROUGH IT'S STRATEGIC D RESERVES...EXPERTS SAY IF CHINA STARTS REBUILDING STOCKS, LOOK FOR PRICES TO REMAIN HIGH.

CONRAD WON’T RUN:
TURNING TO POLITICS, U.S. SENATOR KENT CONRAD OF NORTH DAKOTA SAYS HE WON'T RUN FOR RE-ELECTION IN 2012. CONRAD IS CHAIRMAN OF THE SENATE BUDGET COMMITTEE. THE DEMOCRAT SAYS HE WANTS TO SPEND HIS TIME FOCUSING ON REDUCING THE NATION'S 14 TRILLION DOLLAR DEBT. CONRAD'S COUNTERPART, NORTH DAKOTA SENATOR BYRON DORGAN DECIDED LAST YEAR NOT TO RUN FOR RE-ELECTION.

LUGAR WILL:
MEANWHILE, SENATOR DICK LUGAR OF INDIANA SAYS HE WILL SEEK RE-ELECTION IN 2012. IF HE WINS, THAT WOULD BE LUGAR'S SEVENTH TERM IN THE SENATE. LUGAR, LIKE CONRAD, HAVE BOTH PLAYED KEY ROLES IN FARM BILL NEGOTATIONS OVER THE YEARS.

CANADA OPTIMISM:
THE OPTIMISM LEVEL OF CANADIAN AGRICULTURE PRODUCERS AND AGRIBUSINESS OWNERS IS AT A FOUR-YEAR HIGH, ACCORDING TO A NEW SURVEY FROM FARM CREDIT CANADA. FCC IS ONE OF CANADA'S LEADING AGRICULTURAL LENDERS. IN THIS FOURTH ANNUAL FCC STUDY, THREE-QUARTERS OF THOSE SURVEYED SAY THAT THEIR FARM OR BUSINESS WILL BE BETTER OFF IN FIVE YEARS. THAT'S UP FIVE POINTS FROM A YEAR EARLIER. MORE THAN HALF OF THE PRODUCERS ARE PLANNING TO EXPAND OR DIVERSIFY THEIR FARM OR BUSINESS IN THE NEXT FIVE YEARS. THE MAJORITY OF THOSE WHO RESPONDED SAY THEY DON'T PLAN CHANGES TO THEIR CAPITAL SPENDING THIS YEAR. AND FOR THOSE WHO DO, 42% PLAN ON BUYING EQUIPMENT. A QUARTER PLAN TO BUY LAND.

ANGUS CALCULATOR:
WITH PRICES HIGH, AMERICAN CATTLE GROWERS ARE POISED FOR A STRONG 2011. BUT AS IT IS FOR ANY BUSINESS, TO SEE A PROFIT ITS IMPORT TO KNOW BUSINESS EXPENSES. TO HELP PRODUCERS KEEP TRACK AND PLAN ITS PROFITS, THE AMERICAN ANGUS ASSOCIATION HAS RELEASED TWO NEW CATTLE CALCULATORS THAT ANYONE CAN USE. BOB CERVERA REPORTS. THANKS BOB. YOU CAN ALSO FIND SIMILAR CALCULATORS FROM EXTENSION SERVICES AND STATE SCHOOLS AROUND THE COUNTRY.

LEGACY TEASE:
WHAT DOES IT TAKE TO BECOME SUCCESSFUL IN AGRIBUSINESS? TUNE IN TOMORROW MORNING, AND YOU MAY FIND SOME ANSWERS FROM A GRAIN PRODUCER NORTH OF THE BORDER. TOMORROW, DURING OUR MONTHLY SPECIAL EPISODE OF LEAVE A LEGACY, WE'LL MEET THE HUDYE FAMILY. THEY OWN AN IMPRESSIVE OPERATION IN CANADA, BUT THEY ALSO HAVE INTERESTS IN KANSAS AND COLORADO. THEIR LEGACY PLAN IS A BIG PART OF THE OVERALL STRATEGY. THAT STORY TOMORROW ON LEAVE A LEGACY.

ANALYSIS:
GARY WILHELMI

IN THE COUNTRY; AVOCADOES:
A COUPLE OF HUGE FOOTBALL GAMES ARE SCHEDULED FOR THIS WEEKEND. THE AFC AND THE NFC CHAMPIONSHIP GAMES WILL SET THE PAIRINGS FOR THE SUPER-BOWL. NO DOUBT, THERE'LL BE PLENTY OF PARTIES WATCHING THOSE GAMES. AND WITH THOSE PARTIES, COMES PLENTY OF SNACK FOODS. HOW ABOUT SOME GUACAMOLE? TRACEY SELLERS TAKES US TO CALIFORNIA WHERE A COUPLE OF AVOCADO GROWERS LOVE THE FOOTBALL SEASON. THANKS TRACEY. ACCORDING TO THE HASS AVOCADO BOARD, WHICH OVERSEES THE MARKETING OF THE CROP, 70 MILLION POUNDS OF HASS AVOCADOES WILL BE CONSUMED DURING THE SUPER BOWL. FOOD AND YOUR FAMILY IS NEXT.

BIG BREAKFAST MYTH:
YOU'VE HEARD EATING A BIG BREAKFAST CAN HELP YOU LOSE WEIGHT BY REDUCING HUNGER LATER IN THE DAY. APPARENTLY THAT'S NOT THE WHOLE STORY. IN TODAY'S FOOD AND YOUR FAMILY, RESEARCHERS SAY A BIG BREAKFAST IS REALLY BETTER AT HELPING YOU TO EAT MORE. THE RESEARCH WAS PUBLISHED IN NUTRITION JOURNAL. IT FOUND PEOPLE WHO HAD A BIG BREAKFAST, --OR ABOUT 400 CALORIES MORE THAN A 'QUOTE SMALL BREAKFAST'-- ENDED UP CONSUMING ABOUT 400 MORE CALORIES PER DAY. RESEARCHERS SAY THE STUDY SHOWS PEOPLE EAT THE SAME REGARDLESS OF WHAT THEY HAVE FOR BREAKFAST.

EGG ADS:
AND IF YOU ENJOY EGGS FOR BREAKFAST...THE AMERICAN EGG BOARD IS TRYING TO GET YOU AND YOURS TO EAT MORE OF THEM. IT JUST LAUNCHED A NEW NATIONAL ADVERTISING CAMPAIGN FOR THE INCREDIBLE EDIBLE EGG. IT'S CALLED...YOU DO EVERYTHING. THE FOCUS IS ON PARENTS WILLINGNESS TO DO WHATEVER IT TAKES TO HELP THEIR CHILDREN SUCCEED. THE ADS SEEK TO REMIND THEM ABOUT THE NATURAL, HIGH PROTEIN EGG AS A STARTING POINT FOR HEALTH AND NUTRITION.

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 .


 

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