AgDay Daily Recap - July 13, 2011

July 13, 2011 05:59 AM
 

TODAY ON AGDAY:
JULY 13, 2011

WASDE REPORT:
USDA'S JULY SUPPLY-DEMAND ESTIMATES LEFT A COUPLE OF QUESTIONS TO THE INDUSTRY - - WHAT WILL BE THIS YEAR'S ACTUAL HARVESTED ACREAGE, AND HOW WILL WEATHER AFFECT YIELDS ON THOSE ACRES?  USDA PEGGED 2010/11 CORN ENDING STOCKS AT 880 MILLION BUSHELS, COMPARED TO 730 MILLION A MONTH AGO. THAT'S LOWER THAN TRADERS EXPECTED. LIKEWISE, NEW CROP CORN ALSO HAD A LOWER CARRYOUT...STILL UNDER A BILLION BUSHELS. THE MARKET SAW THAT AS A CONTINUING TIGHT SUPPLY. PRO FARMER SENIOR MARKETING ANALYST BRIAN GRETE SAYS EVERYTHING NOW DEPENDS ON WEATHER IN THE NEXT SIX WEEKS.

WHEAT PRODUCTION:
THANKS BRIAN. USDA ALSO RELEASED ITS WHEAT PRODUCTION FIGURES AND IT SHOWS HOW THE WET SPRING AND SUBSEQUENT FLOODING TOOK A TOLL ON THE DURUM WHEAT CROP THIS YEAR. MUCH OF THAT CROP IS GROWN IN THE NORTHERN PLAINS. USDA PUTS DURUM WHEAT PRODUCTION DOWN 41% FROM LAST YEAR. EXPECTED AREA TO BE HARVESTED IS DOWN 35% FROM LAST YEAR. AS FAR AS WINTER WHEAT PRODUCTION, THE AG DEPARTMENT IS FORECASTING 1.5 BILLION BUSHELS, UP 3% FROM LAST MONTH AND UP SLIGHTLY FROM LAST YEAR. THE WHEAT YIELD IS FORECAST AT JUST OVER 46 BUSHELS AN ACRE, UP ABOUT A BUSHEL FROM LAST MONTH. THE AREA EXPECTED TO BE HARVESTED FOR GRAIN TOTALS 32 MILLION ACRES, UNCHANGED FROM THE ACREAGE REPORT RELEASED ON JUNE 30.

DAKOTA PREVENT PLANT:
USDA ANNOUNCED PLANS TO RE-SURVEY FARMERS IN THE NORTHERN PLAINS SINCE MANY WERE UN-ABLE TO GET INTO THEIR FIELDS EARLIER THIS SPRING. BUT ONE THING IS CLEAR, 2011 WILL GO DOWN IN THE RECORD BOOKS AS A YEAR THAT AN UN-PRECEDENTED AMOUNT OF ACREAGE WENT UN-SEEDED IN NORTHEAST NORTH DAKOTA. IN WARD COUNTY ALONE - WHERE THE CITY OF MINOT IS LOCATED – 600,000 OF THE 800,000 ACRES USUALLY SEEDED WILL REMAIN FALLOW THIS YEAR. THAT'S 75%! NICK DREYER FROM AFFILIATE KMOT-TV TELLS US WHAT SOME PRODUCERS MIGHT DO WITH THE IDLE LAND.

STATE FAIR FLOODING:
MEANWHILE, THE MASSIVE FLOODING THAT HIT MINOT HAS NOW TAKEN ANOTHER VICTIM - THE NORTH DAKOTA STATE FAIR. OVER THE WEEKEND, THE STATE FAIR BOARD DECIDED TO CANCEL THAT FAIR WHICH WAS SCHEDULED FOR LATER THIS MONTH. THE SOURIS RIVER - ALSO CALLED THE MOUSE RIVER - FORCED THE EVACUATION OF TEN THOUSAND PEOPLE IN MINOT. WATER REMAINS ON PARTS OF THE FAIRGROUNDS. THE FAIR BOARD SAYS IT TRIED TO SALVAGE PART OF THE EVENT, BUT RECENT RAINS FORCED THEM TO MAKE THIS DECISION. FAIR OFFICIALS REVIEWED THE LATEST DATA FROM THE NATIONAL WEATHER SERVICE, WHICH SHOWS THE FLOOD WATERS ON THE SOURIS RIVER GOING DOWN SLOWER THAN EXPECTED.

MACHINERY MINUTE; TRACTOR SALES:
IN MACHINERY MINUTE THE LATEST FLASH REPORT FROM THE ASSOCIATON OF EQUIPMENT MANUFACTURERS SHOWS YEAR TO DATE, SALES OF THE BIG STUFF--4 WHEEL DRIVE FARM TRACTORS AND COMBINES ARE UP OVER LAST YEAR. SALES FOR BIG 4 WHEEL DRIVE TRACTORS ARE UP MORE THAN 8% OVER 2010. COMBINES ARE UP MORE THAN 7%. BUT THOSE INCREASES ARE NO THANKS TO JUNE. LAST MONTH SAW SALES OF 4 WHEEL DRIVE UNITS DROP NEARLY 26% WHEN COMPARED TO THE SAME MONTH LAST YEAR. COMBINES WERE DOWN NEARLY 50%. SO FAR THIS YEAR FARMERS HAVE BOUGHT ALMOST 88,000 FARM TRACTORS--OF ALL SIZES--AND JUST OVER 4,000 COMBINES.

CORN COLLEGE:
RATHER THAN WORRY ABOUT THE WEATHER, LET THOSE CROPS GROW FOR A COUPLE DAYS WHILE YOU GROW YOUR KNOWLEDGE OF FARMING.  FARM JOURNAL'S POPULAR CORN COLLEGE IS COMING UP AND SEATS ARE STILL AVAILABLE. IT’S AN EXPERIENCE THAT'S SURE TO PAY OFF. THIS YEAR AGRONOMISTS WILL COVER A WIDE RANGE OF TOPICS INCLUDING TILLAGE TOOLS. FARM JOURNAL AGRONOMIST KEN FERRIE IS PLANNING AN IN-FIELD DEMONSTARTION OF DIFFERENT TYPES OF TOOLS AND HOW TO MAKE SURE YOUR'S ARE RUNNING PROPERLY. CLASSES START AT THE CORN COLLEGE CAMPUS NEAR BLOOMINGTON ILLINOIS NEXT WEEK. AND THERE'S EVEN A SPECIAL DAY FOR CONSULTANTS AND AG RETAILERS. GO TO www.agweb.com FOR DETAILS.

ANALYSIS:
DUSTIN JOHNSON

IN THE COUNTRY; ANGUS RUNNER:
WORK LIFE AND LIFESTYLE DON'T ALWAYS GO HAND IN HAND. BUT FOR CATTLEWOMAN BARB DOWNEY OF THE DOWNEY RANCH IN WAMEGO KANSAS YOU CAN'T HAVE ONE WITHOUT THE OTHER. SHE'S ALWAYS BEEN COMFORTABLE IN THE SADDLE, BUT IN THIS STORY FROM THE AMERICAN ANGUS ASSOCIATION, SHE TELLS US HOW JUST RECENTLY SHE BEEN TRADING HER BOOTS FOR A PAIR OF RUNNING SHOES. THANKS TO THE AMERICAN ANGUS ASSOCIATION FOR SHARING THAT STORY.  FOOD AND YOUR FAMILY IS COMING UP.

CITRUS GREENING:
IN FOOD AND YOUR FAMILY THE USDA IS COMMITTING MILLIONS OF DOLLARS TO HELP FIGHT A SERIOUS THREAT TO FLORIDA'S CITRUS INDUSTRY. CITRUS GREENING IS A BACTERIAL DISEASE SPREAD BY A MICROSCOPIC BUG CALLED THE PSYLID. INFECTED TREES PRODUCE FRUIT THAT'S ABOUT A THIRD SMALLER THAN HEALTHY ONES. SO FAR GROWERS HAVE BEEN PAYING FOR RESEARCH TO FIND A CURE OUT OF THEIR OWN POCKET. NOW THE USDA IS STEPPING UP. IT PLEDGED 11 MILLION DOLLARS FOR RESEARCH TO STOP THE SPREAD OF CITRUS GREENING. GROWERS SAY THEY HOPE BY FINDING A CURE, IT WILL SAVE THE INDUSTRY AND KEEP PRICES DOWN AT THE GROCERY STORE.

SUPERMARKET ACCESS:
AND POLICYMAKERS HAVE BEEN SEEKING HELP FOR FOOD DESERTS--THOSE ARE AREAS OR NEIGHBORHOODS WITH FEW OR NO HEALTHY FOOD OPTIONS. NOW NEW STUDY SAYS ACCESS TO THOSE HEALTHY FOODS DOESN'T MEAN A HEALTHY DIET. RESEARCHERS AT THE UNIVERSITY OF NORTH CAROLINA FOUND THAT LIVING NEAR SUPERMARKETS OR GROCERY STORES DIDN'T MEAN URBAN DWELLERS ATE HEALTHIER.  THE BIGGER IMPACT WAS PROXIMITY TO FAST-FOOD RESTAURANTS.  THE STUDY FOUND LOW-INCOME MEN AT THE CHAIN RESTARURANTS MORE OFTEN IF THEY WERE NEAR BY. RESEARCHERS SAY IT'S SIMPLY NOT ENOUGH TO INTRODUCE A GROCERY STORE INTO A NEIGHBORHOOD AS A MEANS TO IMPROVING THE DIETS AND HEALTH OF RESIDENTS THERE.

CONTACT PAGE:
WE'D LOVE TO HEAR FROM YOU! CONTACT US AT 800-792-4329. OR DROP AN EMAIL TO INBOX@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