Monsanto Shopping Posliac

August 6, 2008 07:00 PM
 
Snapshot of news and events for today

 

Quick links

* Financial markets

* Ag futures

* USDA reports this week

* NWS forecast

* Major media

* Ag media

* Political humorists



Financial markets Major world indicators

Japanese trading...

  • The 225-issue Nikkei Stock Average fell 1 percent, or 129.90 points, to close at 13,124.99. 

Wednesday's U.S. Markets...

  • The Dow Jones Industrial Average finished at 11,656.07, up 40.30 points, or 0.35 percent. The Nasdaq Composite Index advanced 1.4 percent, or 28.54 points, to close at 2,383.30.
  • The 2-year Treasury note slipped 1/32 to yield 2.575 percent. The benchmark 10-year note was down 4/32, yielding 4.038 percent. The 30-year bond fell 17/32 to yield 4.678 percent. 

  • The dollar traded at 109.59 yen from 108.20 yen, while the euro was at $1.5418 from $1.5463 late Tuesday.

Ag futures Yesterday's action and
overnight indicators

What happened yesterday...


  • Corn: Futures settled 15 to 18 cents lower, which was in the lower end of Wednesday's range but off session lows.
  • Soybeans: Futures finished 40 to 47 cents lower, which was off session lows.

  • Wheat: Chicago and Kansas City futures closed mostly 12 to 15 cents higher. September Minneapolis wheat closed 1/2 cent higher, with the rest of the market down 4 to 17 cents.
  • Cotton: Futures settled with slight gains following a lightly trade session.
  • Lean Hogs: Lean hog futures closed widely mixed, with nearby contracts sharply higher and deferred futures sharply lower amid strong bull spreading.
  • Live Cattle: Live cattle futures ended widely mixed.

Scheduled USDA Reports & Summaries This Week

Agricultural Marketing Service = (A)
Census Bureau = (CB)
Economic Research Service = (E)

Farm Service Agency (FSA)

Foreign Ag Service = (F)

National Agricultural Statistics Service = (N)

World Agricultural Outlook Board = (W)

Monday

Tuesday

Wednesday

Thursday

Friday

Aug. 4

Grain Inspections (A)
Land Values and Cash Rents (N)
Crop Progress (N)

5

Poultry Slaughter (N)
Weather - Crop Summary (N)

6

Broiler Hatchery (N)

7

U.S. Export Sales (F)
Farm Production Expenditures (N)

8

Dairy Products Prices (N)
Peanut Prices (N)


Overview Other reports affecting agriculture
Major media Links to top news reports
with potential U.S. ag impact

Wall Street Journal (subscription to site required for access)

  • The New Southern Strategy Democrats Tap Conservative Candidates in GOP Bastions Democrats have tapped candidates that in year's past would likely have run as Republicans in some key southern areas. Many see this as a Democratic strategy to gain a working majority in the Senate and expand their control of the House.
  • Possible McCain Running Mate Pawlenty Offers Ideas for Reforming Republicans The Minn. Governor has been stating that the GOP leadership has been out of touch and many are viewing the potential vice presidential candidate as one of the leading reformers of the Republican party. 
  • South Africans Stage Strike Over Costs of Food, Power Tens of thousands of workers in South Africa staged a strike Wednesday in protest of high food and energy costs. Estimates of the cost of the strike are put at nearly $30 million by some.
  • Monsanto to Sell Unit That Makes Dairy-Cow Hormone. While defending the bovine growth hormone, Monsanto says it is attempting to realign its business and focus more on its seeds and traits businesses.
  • Dean Foods' Net Income Soars 72%, But Company Cautions on Outlook. The company said it was "cautiously optimistic" about its outlook the rest of the year, noting competitive and other pressures.

New York Times (registration to site required)

Washington Post

Ag media Monitoring the countryside

Fargo Forum (North Dakota)

Des Moines Register (Iowa)

Laughing with, not at From political humorists

Jay Leno: "Well, it looks like Hillary Clinton still has a shot at being vice president. Yeah, if John McCain picks her.”

Jay Leno: "Well, that's the latest gossip, you know,” that "Hillary Clinton is not particularly high on Barack Obama's vice presidential list. In fact, turns out she's somewhere between the Reverend Wright and Jesse Jackson.”

Jay Leno: "Well, actually, insiders say Hillary was never on Obama's VP list. Obama felt it would have been too much to put her on the ticket. Bad enough to worry about Jesse cutting them off, he didn't want to have to worry about Hillary breaking them too.”

Jay Leno: "And earlier this week, John McCain had a small mole removed from his temple, to which President Bush said, ‘Temple? I didn't know he was Jewish.'”

Jay Leno: "Well, yesterday, Congress officially apologized for slavery. Not a moment too soon, huh?”

Jay Leno: "And according to…the TV show ‘Extra,' former Vice President Dan Quayle” is "in the running to join the cast of ‘Dancing with the Stars.' … Quayle…was vice president under the first George Bush. See, that was back in the day when the president was smart and the vice president was an idiot.”

Conan O'Brien: "‘Time' magazine says that many top Republicans are worried that lately John McCain has been taking too negative a tone. Yeah, when he heard…this, McCain said, ‘Shut your pie holes!'”

Conan O'Brien: "Barack Obama says that next month he's planning on spending a week on vacation in Hawaii.” When "he heard…this, President Bush said, ‘Pace yourself, because once you become president, the vacations start coming fast and furious.'”


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