AgDay Daily Recap -July 31, 2013

July 31, 2013 04:57 AM
 

TODAY ON AGDAY

JULY 31, 2013

 

POTASH SALES:

GOOD MORNING I'M CLINTON GRIFFITHS. STOCK IN FERTILIZER MAKERS TUMBLE ON CONCERNS RUSSIANS COULD FLOOD THE MARKET WITH POTASH.

FERTILIZER STOCKS:

SOME OF THE BIGGEST FERTILIZER MAKERS SAW BIG DECLINES IN THEIR STOCK.  POTASH OF SASKATCHEWAN CLOSED THE DAY DOWN MORE THAN 16-PERCENT AT 31.65 MOSAIC WAS DOWN 17-PERCENT, ENDING THE DAY AT 43-80. AGRIUM - WHICH HAS A DIVERSE PORTFOLIO - DIDN'T FEEL AS MUCH STING. CLOSING DOWN FIVE-PERCENT AT 86-50 A SHARE U-S BASED INTREPID POTASH LOST NEARLY A THIRD OF ITS STOCK VALUE, CLOSING AT 13.88.

PROPANE GAS EXPLOSION:

MASSIVE EXPLOSIONS ROCKED A CENTRAL FLORIDA PROPANE GAS PLANT, SENDING EIGHT PEOPLE TO THE HOSPITALS. FOUR OF THEM WERE IN CRITICAL CONDITION. ACCORDING TO POLICE, ALL THE WORKERS AT THE PLANT WERE ACCOUNTED FOR. A FIRE OFFICIAL BELIEVES THE EXPLOSION MAY HAVE BEEN CAUSED BY EQUIPMENT MALFUNCTION, OR BY HUMAN ERROR. BUT SABOTAGE IS NOT SUSPECTED. THE PLANT REFILLS PROPANE TANKS TYPICALLY USED FOR BARBECUES AND OTHER PURPOSES. THE COMPANY USUALLY HAS 50-THOUSAND OF THOSE TANKS ON THE PROPERTY AT ANY GIVEN TIME.

DAIRY LAWSUIT:

NEW YORK IS BEING SUED OVER POLICY'S DESIGNED TO HELP GROW THE STATE'S DAIRY INDUSTRY. SEVERAL ENVIRONOMENTAL GROUPS SAY NEW WASTE HANDLING RULES VIOLATE THE CLEAN WATER ACT.

CROP INSURANCE:

NEW NUMBERS OUT FROM THE NATIONAL CROP INSURANCE SERVICES. AS OF LAST WEEK, NEARLY 700-THOUSAND CROP INSURANCE POLICY'S HAD BEEN PROCESSED THROUGH PARTICIPATING COMPANIES. CROP INSURNACE NOW COVERS 178 MILLION ACRES...COSTING FARMERS ABOUT 2 POINT 5 BILLION DOLLARS OUT OF POCKET. THAT'S STILL WELL BEHIND 2012'S FINAL TOTALS. TO DATE, KANSAS, IOWA, TEXAS, NEBRASKA AND ILLINOIS LEAD THE WAY IN TERMS OF THE NUMBER OF CROP INSURANCE POLICIES PURCHASED.

FARGO CROPS:

AS WE FIRST REPORTED YESTERDAY, SEVERAL LOCATIONS IN NORTH DAKOTA AND MINNESOTA SAW RECORD COLD TEMPERATURES LAST WEEKEND. IN SOME CASES, THE THERMOMETER DIPPED TO 36 DEGREES. GENERALLY SPEAKING, CORN HAS BEEN DOING WELL IN THE RED RIVER VALLEY OF EASTERN NORTH DAKOTA, EVEN WITH THE RECENT COOL STRETCH. MICK CARE FROM AGDAY AFFILIATE KVLY-TV IN FARGO TALKED WITH SOME LOCAL EXPERTS TO FIND OUT HOW THAT MIGHT AFFECT THE CROP.

CROP WATCH:

CROPWATCH THIS MORNING WILL TAKE US ON A SOUTHERN SWING THROUGH THE UNITED STATES. MIKE HOFFMAN JOINS US FROM THE AGDAY WEATHER-CENTER, MIKE.

RURAL INTERNETS:

IT MAY BE A COUPLE OF DECADES OLD BUT INTERNET STILL HASN'T FOUND IT'S WAY ACROSS THE ENTIRE COUNTRY. A NEW REPORT SAYS JUST 62 PERCENT OF RURAL HOUSEHOLDS AND FARMS HAVE A HOME INTERNET SUBSCRIPTION. AND THERE'S A LOT OF VARIATION BY REGION. PEOPLE IN NORTHEASTERN AND WESTERN STATES ARE MORE LIKELY TO HAVE IT. WHILE HOUSEHOLDS IN THE RURAL SOUTH ARE THE LEAST LIKELY TO SUBSCRIBE.

ANALYSIS:

IN AGRIBUSINESS, THE PACE OF RISING OF LAND PRICES HAS EASED IN THE LAST FEW MONTHS. IN ANALSYSIS THIS MORNING, FARM DIRECTOR AL PELL DISCUSS THE SLOW DOWN AND HOW FALLING COMMODITY PRICES COULD IMPACT LAND MARKETS GOING FORWARD.

I AM ANGUS:

THE BROOKS FAMILY OF BOWMAN, NORTH DAKOTA HAS BEEN RANCHING ON THEIR PIECE OF LAND FOR SEVEN DECADES. THEY'RE NESTLED IN THE CORNER WHERE NORTH DAKOTA MEETS SOUTH DAKOTA AND MONTANA. THEY SAY LIVING IN THIS PART OF THE COUNTRY REQUIRES A SPECIAL RELATIONSHIP WITH NEIGHBORS.  IN THIS REPORT PROVIDED BY THE AMERICAN ANGUS ASSOCIATION, WE MEET STEVE, CASSIE AND SKEETER.

SUGARY DRINK RULING:

NEW YORK'S HARD LINE AGAINST BIG SUGARY DRINKS HIT A ROAD BLOCK TUESDAY.  A STATE SUPREME COURT RULED THAT THE CITY'S LAW LIMITING DRINK SIZE IS UNCONSTITUTIONAL.

GMO INFO:

SEVERAL AG COMPANIES AND BIO-TECH GROUPS ARE JOINING FORCES TO FEED INFORMATION ON BIOTECHNOLOGY AND FOOD.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
&nb​sp;
 
 
 
 
 
 
 
 
 
 
&nb​sp;
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
​ 
 
 
 
 
 
 
 
 
 
 
 <​/span> 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 ​;
 
 
 
 
 
 
 
 
 
 
 ​;

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
  
 
 
 
 
  
 
 
 
 
 
 
 
 
 ​;
 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 ​;
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 ​;
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
&​nbsp;
  
 
 
 
 
 
 
 
 
 
&n​bsp;
 
 
 
 
 
 
 
 
 

CONTACT:
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 Facebook.

 

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