AgDay Daily Recap -December 11, 2013

December 11, 2013 03:57 AM
 

TODAY ON AGDAY

DECEMBER 11, 2013

 

FARM BILL:

GOOD MORNING I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. AS A WINTER STORM BARRELS THROUGH THE NATION'S CAPITOL, DEBATE OVER THE 2013 FARM BILL HEATS-UP.

USDA REPORT:

DESPITE THE WEATHER USDA STILL RELEASED ITS MONTHLY GRAIN STOCKS REPORT. BEFORE THE REPORT, MANY ANALYSTS WEREN'T EXPECTING ANY CURVE BALLS. BUT THE OVERALL REPORT DID TRIGGER THE BEARS CORN, SOYBEANS AND WHEAT.

COTTON PRODUCTION:

USDA ALSO UPDATED COTTON PRODUCTION FOR THE YEAR. IT'S FORECASTING 13-POINT-ONE MILLION BALES, DOWN SLIGHTLY FROM LAST MONTH'S ESTIMATES ON LOWER YIELD.

THE CROP IS ALSO 25-PERCENT SMALLER THAN LAST YEAR.

BRAZIL CROP CONDITIONS:

MEANWHILE, TRADERS' EYES ARE ON THE POTENTIALLY HUGE CROP COMING OUT OF BRAZIL. PORTIONS OF BRAZIL RECEIVED RAINS THIS WEEK, IMPROVING SOIL MOISTURE IN EARLY-PLANTED CROPS. BUT SOYBEAN RUST CONTINUES TO BE A CONCERN, AS IT WAS CONFRIMED IN THE FIRST COMMERCIAL SOYBEAN FIELD. RUST HAD ALREADY BEEN DETECTED, BUT UNTIL LATE LAST WEEK, THE DISEAS WAS JUST IN VOLUNTEER SOYBEANS. CORN EARWORM IS ALSO A PROBLEM FOR SOME BRAZILIAN FARMERS, BUT INSECTICIDES HAVE BEEN LARGELY SUCCESSFUL IN MINIMIZING THE DAMAGE OF the PEST.

CROP WATCH:

MEANWHILE BACK AT HOME, WEST COAST CITRUS CROPS ARE IN TROUBLE. MIKE HOFFMAN HAS DETAILS IN CROPWATCH, MIKE.

ROCK:

JUST A YEAR AFTER LOW RIVER LEVELS THREATENED TO SHUT DOWN THE MISSISSIPPI RIVER TO TRAFFIC, the ARMY CORPS OF ENGINEERS IS BACK AT WORK AGAIN. THE CORP IS RMOVING ROCK NEAR THEBES, ILLINOIS. THE ROCKS MAKE NAVIGATION UNSAFE WHEN RIVER LEVELS ARE LOW. THIS IS A CONTINUATION TO THE WORK STARTED LAST YEAR. THE CORPS WILL REMOVE 2800 CUBIC YARDS OF ROCK.

PEDV UPDATE:

A VIRUS THAT'S PLAUGED THE U-S SWINE HERD, CAUSING FATALITY IN PIGLETS SEEMS TO BE GETTING EVEN MORE LEGS. THE LATEST NUMBERS SHOW PORCINE EPIDEMIC DIAHREA VIRUS, OR PEDV, CONTINUES TO SPREAD THROUGH THE NATION'S SWINE HERD.

ADM:

ADM'S FAILED ATTEMPT AT PURCHASING AUSTRALIA'S GRAIN CORP ISN'T STOPPING THE ILLINOIS-BASED COMPANY FROM TRYING AGAIN. ACCORDING TO MARKETWATCH, ADM IS INTERESTED IN ACQUISITIONS AND OTHER INVESTEMENTS AND JOINT VENTURES IN ASIA, SOUTH AMERICA AND EASTERN EUROPE. AUSTRALIA'S TREASURER BLOCKED THE 2 POINT 7 BILLION DOLLAR ACQUISITION LAST WEEK, SAYING IT DIDNT' ALIGN WITH AUSTRALIA'S NATIONAL INTERESTS.

EPA HEARING:

IN AGRIBUSINESS,  THE ENVIRONMENTAL PROTECTIONA AGENCY HAD A BIG DAY IN WASHINGTON D.C YESTERAY. THE AGENCY TESTIFIED IN FRONT OF THE SUPREME COURTREGARDING A RULE THAT WOULD CUT POWER PLANT EMISSIONS THAT TRAVEL ACROSS STATE LINES. ITS' KNOWN AS THE GOOD NEIHBOR POLICY, AND WAS STRUCK DOWN LAST YEAR BY THE U-S COURT OF APPEALS. THE EPA WILL ALSO PRESENT ON ANOTHER CASE, INVOLVING POWER PLANTS. THE SECOND RULING LIMITS THE AMOUNT OF MERCURY, ARSENIC AND OTHER SUBSTANCES THAT CAN BE RELEASED INTO THE AIR FROM POWER PLANTS

ANALYSIS:

WE HEARD ABOUT THE SEVERE IMPACT PEDV IS HAVING TO THE NATION'S SWINE HERD. BUT WILL THAT CONTINUE INTO 2014? THAT'S TODAY'S ANALYSIS.

REALITY CHECK:

IF YOU'RE A PARENT THAT JUST CAN'T CUT THE CORD WITH YOUR GROWN CHILD, YOU AREN'T ALONE. ONE STUDY FOUND NEARLY 60 PERCENT OF PARENTS PROVIDE SOME TYPE OF FINANCIAL SUPPORT TO THEIR GROWN CHILDREN. IN OKLOHOMA, PROFESSIONALS ARE REACHING OUT TO HIGH SCHOOL FRESHMAN, TO TEACH THEM SKILLS AND KNOWLEDGE TO HELP THEM MAKE IT ON THEIR OWN. LINDELL STOUT FROM OKLAHOMA STATE'S SUNUP PROGRAM HAS OUR STORY.

SYSCO US FOODS:

IN FOOD AND YOUR FAMILY, THE FOOD SUPPLIERS INDUSTRY HAS FACED CONSILIDATION IN RECENT YEARS, BUT THE BIGGEST MERGER YET IS CURRENTLY ON THE TABLE.

CHOBANI:

AND CHOBANI IS A HOT ITEM RIGHT NOW IN MANY DIETS, BUT THE COMPANY WANTS TO GO EVER BIGGER, AND HOPES TO DO SO ON A NATIONAL STAGE. THE COMPANY SAYS IT WILL AIR ITS FIRST SUPER BOWL AD THIS FEBRUARY, JUST AS MANY AMERICANS MAKE THE RESOLUTION TO IMPROVE THEIR DIETS. THE HOPE IS TO MAKE CHOBANI EVEN MORE OF A HOUSEHOLD NAME. IT'S AN EXPENSIVE DECISION. KANTAR MEDIA SAYS ONE 30 SECOND SUPER BOWL AD IN 2012 COSTS 3 POINT 5 MILLION DOLLARS. GREEK YOGURT NOW ACCOUTNS FOR MRE THAN A THIRD OF THE U-S YOGURT MARKET.

 

 

 
 
 
 
 
 
 
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