USFR Weekly Recap - March 28, 2015, 2014, 2015, 2015

March 28, 2015 03:30 AM
 

TODAY ON USFR
MARCH 28-29, 2015

HEADLINES:
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU THIS WEEKEND. THE ACREAGE BATTLE HEATS UP... AND ALL EYES ARE ON USDA'S BIG REPORT OUT NEXT WEEK. WHAT ARE THE POSSIBLE OUTCOMES AND HOW COULD IT SHIFT PRICE? THAT'S OUR FARM JOURNAL REPORT. THE THRILLS OF CALVING SEASON, FROM A RANCHER'S BETTER HALF'S PERSPECTIVE; IT'S A HUMOROUS STORY THAT MAY RESIGNATE WITH A FEW OF YOU.  IT WAS DEFINITELY A MIXED BAG OF WEATHER ACROSS THE COUNTRY THIS WEEK. OUR CROPWATCH HAS SOME PRETTY IMPRESSIVE VIEWER PHOTOS, AND IN JOHN'S WORLD.
USDA ACREAGE:
THAT LATE START COULD CONTRIBUTE TO FEWER CORN ACRES THIS YEAR. USDA GIVES US OUR FIRST TASTE OF ACREAGE ON TUESDAY. THAT'S WHEN THEY RELEASE THEIR PROSPECTIVE PLANTINGS REPORT. PRE-REPORT ESTIMATES SHOW LESS CORN AND MORE SOYBEANS. THE TRADE GUESSES IS 88 POINT 7 MILLION ACRES IN CORN. AS YOU CAN SEE, THAT'S LESS THAN LAST YEAR, SOYBEANS PEGGED AT 85 POINT 9. AND SPRING WHEAT JUST UP SLIGHTLY FROM 2014 AT 13 POINT 3.
WHEAT CONDITIONS:
THE INCREASED MOISTURE MAY BE STALLING PLANTING IN THE SOUTH, BUT IT'S HELPING WHEAT A LITTLE.  THE WEHAT CROP IN TEXAS IS RATED 55 PERCENT GOOD TO EXCELLENT, A FOUR PERCENT BUMP FROM LAST WEEK. BUT IN KANSAS, CONDITIONS ARE DWINDLING. 17 PERCENT IS POOR TO VERY POOR, A FOUR POINT CHANGE FROM A WEEK AGO.
INDIA WHEAT:
THERE'S DAMAGE BREWING IN THE NUMBER THREE WHEAT PRODUCER. INDIA SAYS ITS WHEAT CROP MAY BE SMALLER THAN THE RECORD FORECASTED, THAT'S AFTER A HAILSTORM AND HEAVY RAINS HIT PLANTED ACRES. OFFICIALS SAY JUST OVER 12 OF THE 30 MILLION WHEAT ACRES EXPERIENCED DAMAGE EARLIER THIS MONTH.
UKRAINE WHEAT:
URKAINE IS CONSIDERING SELLING MORE MILLING WHEAT. EARLIER THIS YEAR, OFFICIALS ANNOUNCED THEY WANTED TO CAP EXPORTS AT 1 POINT 2 MILLION METRIC TONS DURING THE FIRST HALF OF 2015. URKAINE RANKS EIGHTH IN PRODUCTION…
TPP PORK:
MEANWHILE, TRADE OFFICIALS FROM CANADA AND JAPAN ARE INSISTING U-S LAWMAKERS PASS TRADE PROMOTION AUTHORITY BEFORE THEY'LL AGREE TO ANY TYPE OF TRANS PACIFIC PARTNERSHIP DEAL…BUT TRADE OFFICIALS ARE STILL HAMMERING OUT AN AGREEMENT WITH JAPAN SAYING THEY'LL CUT TARIFFS ON PORK, BUT ONLY BY HALF. RABO AGRIFINANCE'S DON CLOSE TOLD ME HE THINKS THAT'S GOOD ENOUGH.
PITCH TO MIKE:
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER. MIKE, OUR FRIENDS IN OKLAHOMA SAW THEIR FIRST TORNADO THIS WEEK. WHILE IT WAS A LATE START TO SEVERE WEATHER, IT WAS A FATAL ONE. WILL NEXT WEEK BE CALMER?
TEASE ONE:
THANK, MIKE. WE TALKED ABOUT THE PROSPECTIVE PLANTINGS REPORT EARLIER IN THE SHOW. WE HAVE TWO GRAIN MARKET VETERANS IN THIS WEEK TO GIVE THEIR TAKE. JIM BOWER AND GREGG HUNT JOIN ME NEXT.
JOHN’S WORLD:
JW 27 MAR 15 SWEATSHIRTS WELL, I KNOW TYNE IS HAPPY THAT SWEATSHIRT SEASON WILL SOON BE OVER. SHE ASKED ME THIS WINTER WHERE I DIG UP ALL THOSE 1980-STYLE SWEATSHIRTS. ACTUALLY, IT WAS THE 1980'S. AND SINCE A FEW RIPS OR STAINS DON'T IMPAIR THE FUNCTIONALITY OF SWEATSHIRTS, AS LONG AS THEY DON'T MYSTERIOUSLY DISAPPEAR DURING THE LAUNDRY PROCESS, LIKE MY WIDE-COLLAR SHIRTS AND BELL-BOTTOM TROUSERS DID, I KEEP THEM AROUND. OLD SWEATSHIRTS ARE THE TEXTILE EQUIVALENTS OF A SCRAPBOOK. REMEMBER SOME OF US HAVEN'T ALWAYS HAD CELLPHONES CAMERAS AND FACEBOOK TO DOCUMENT OUR LIVES. EACH ONE OF THESE FUNCTIONAL AND FASHIONABLE GARMENTS IS TIED TO A SPECIFIC MEMORY OF WHEN I GOT IT OR FIRST WORE IT. AND LETS FACE IT, MY MEMORY NEEDS ALL THE HELP IT CAN GET. FOR EXAMPLE, THIS ONE WAS FROM A SKI-TRIP VACATION WITH JAN'S FAMILY TO KEYSTONE ABOUT 25 YEARS AGO. THAT WAS THE FIRST AND ONLY TIME I WENT DOWN A BLACK DIAMOND SLOPE. NOTICE I DID NOT SAY "SKIED DOWN". THIS ONE IS HARD TO SEE, BUT IT WAS FROM AN OUTDOOR EVENING CONCERT AT RAVINIA NEAR CHICAGO WHEN A STORM FRONT ROLLED IN FROM LAKE MICHIGAN, DROPPING THE TEMPERATURE ABOUT 30 DEGREES IN MINUTES. HERE'S ONE FROM PARK CITY, UTAH WHERE AARON WAS MARRIED. I DON'T KNOW WHAT I WAS THINKING GETTING A WHITE SEATSHIRT, BUT IT'S RESISTED TOTAL DISCOLORATION PRETTY WELL. THIS SWEATSHIRT WAS A FATHER'S DAY PRESENT FROM JACK, OUR YOUNGER SON, WHEN HE JOINED THE SAME FRATERNITY I WAS IN BACK DURING MY COLLEGE YEARS. FINALLY, THIS OLD RELIABLE FRIEND, WHICH THE CHICAGO BOARD OF TRADE GAVE TO MEDIA REPRESENTATIVES IN 1998…FREE SWEATSHIRTS ARE THE BEST OF ALL. I KNOW YOU'LL MISS SEEING THEM AS MUCH AS TYNE WILL. BUT THE GOOD NEWS IS MY SUMMER TEE-SHIRT COLLECTION IS EVEN MORE NOSTALGIC AND FIGURE-FLATTERING. SO THERE'S A LOT TO LOOK FORWARD TO.
CLOSE:
THE CHEVY SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE FOR FARM JOURNAL TELEVISION.
HEADLINES:
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD THIS WEEKEND. THE GREAT ACREAGE DEBATE HEATS UP. OUR FARM JOURNAL REPORT EXPLORES THE POSSIBLE OUTCOME, AND THE IMPACT IT COULD HAVE ON PRICE. CALVING SEASON SPARKS MANY STORIES. BUT THIS ONE COMES FROM A RANCHER'S WIFE'S PERSECTIVE? AND IN TRACTOR TALES, WE'RE HAVING A PLOW DAY WITH A TRUSTY FERGUSON.
FARM BILL DEADLINE:
NOW FOR THE NEWS, CROP FARMERS ARE RUNNING OUT OF TIME TO CHOOSE A PROGRAM IN THE NEW FARM BILL…BUT USDA DECIDED ON FRIDAY TO GIVE FARMERS ONE MORE WEEK TO SIGN UP.
FARM BILL PAYMENTS:
THE COST OF THE NEW FARM BILL IS UNDER A GREAT DEAL OF SCRUTINY. BUT ACCORDING TO POLITICO, THE PICTURE ISN'T AS SEVERE AS SOME ARE PAINTING. THE ENVIRONMENTAL WORKING GROUP COMPLAINED SAYING SOME CORN GROWERS WILL GET PAID WAY TOO MUCH WITH THE NEW FARM BILL, WITH PAYOUTS ANYWHERE FROM 60 TO 200 DOLLARS PER ACRE. BUT POLTICO SAYS AFTER DOING SOME DIGGING, THEY FOUND CAPS ARE BUILT INTO THE ARC PROGRAM. AND UNIVERISTY OF ILLINOIS SAYS THE HIGHEST PAYMENT SOMEONE WILL RECEIVE FOR CORN IS CLOSER TO 80 DOLLARS PER ACRE. THEY SAYS THE AVERAGE PAYMENT WILL ACTUALLY BE MUCH LOWER THAN THE PREVIOUS FARM BILL.
NON FARMER PAYMENTS:
USDA ANNOUNCING PROPOSED RULES ON FARM BILL PAYMENTS TO NON-FARMERS, AS MANDATED IN THE FARM BILL. USDA SAYS THE RULE SEEKS TO CLOSE THE LOOPHOLE ON WHO'S ACTIVELY ENGAGED AND WHO'S NOT. THE RULE LIMITS PAYMENTS TO INDIVIUDALS WHO SAY THEY'RE FARM MANAGERS, BUT AREN'T ACTIVELY ENGAGED IN THE FARMING OPERATION…IT EXEMPTS FAMILY FARMS, SOMETHING CENTER FOR RURAL AFFAIRS ISN'T HAPPY ABOUT.
GLYPHOSATE STUDY:
NEW GLYPHOSATE STUDY IS MAKING ITS ROUNDS, CLAIMING GLYPHOSATE IS A PROBABLE CARCINOGEN. THE INTERNATIONAL AGENCY FOR RESEARCH ON CANCER, WHICH IS A FRENCH AGENCY, RELEASED THE STUDY SAYING GLYPHOSATE IS A CATEGORY 2.
OTHER ITEMS CONSIDERED TO BE ON THE SAME LEVEL AS HAZARD TO HUMAN HEALTH INCLUDE COFFEE AND CELL PHONES. MONSANTO, A MAJOR PRODUCER OF GLYPHOSATE, SAYS THERE'S NO NEW RESEARCH OR DATA IN THIS STUDY, AND IT EXCLUDES RELEVANT SCIENTIFIC INFORMATION.
LABELING LAW:
MEAWNHILE, A NEW BILL AIMS TO CREATE A NATIONAL LABELING LAW. IT'S CALLED THE SAFE AND ACCURATE FOOD LABELING ACT AND WOULD MAKE IT VOLUNTARY FOR FOOD COMPANIES TO LABEL FOODS MADE FROM GENETICALLY MODIFIED INGREDIENTS.
THE BILL ALSO PREVENTS INDIVIDUAL STATES FROM MAKING THEIR OWN LAWS.
AG ORGANIZATIONS LIKE AMERICAN SOYBEAN ASSOCIATION SAY THIS WOULD ELIMINATE THE SCARE TACTIC MANY EXTEMIST GROUPS ARE FORCING ON CONSUMERS BY LABELING PRODUCTS GMO FREE.
DRONES:
IF YOU WANT TO USE A DRONE FOR THE 2015 GROWING SEASON, YOU'RE IN LUCK. AGRICULTRUAL DRONE USE WILL SOON GET THE OKAY FROM THE FEDERAL AVIATION ADMINISTRATION.     OFFICIALS ANNOUNCED THEY'RE STREAMLINING THEIR RULES TO EXPEDITE PERMITS TO FLY DRONES, COMMERCIALLY, AS LONG AS IT STAYS BELOW 200 FEET IN THE AREA.THE RULES WERE ANNOUNCED LATE TUESDAY, AND GIVES A BLANKET PERMIT TO DRONES THAT WEIGH LESS THAN 55 POUNDS.
FARM JOURNAL ACREAGE:
THANKS MIKE. WELL, IT'S BEEN A HEAVILY DEBATED TOPIC FOR MONTHS. HOW WILL THE ACREAGE NUMBERS SHAKE OUT THIS YEAR. WE SHOWED YOU THE AVERAGE TRADE GUESS AT THE TOP OF THE SHOW. THAT'S AHEAD OF USDA'S PROSPECTIVE PLANTINGS REPORT SET FOR TUESDAY. THE POPULAR OPINION HAS BEEN MORE SOYBEANS. BUT NOT EVERYONE THINKS THAT MAKES FINANCIAL SENSE. IN THIS FARM JOURNAL REPORT, I EXPLORE WHAT SURPRISES THE REPORT COULD HOLD AND HOW IT COULD INFLUENCE PRICE.
BAXTER BLACK:
ANY RANCHER KNOWS HOW HECTIC CALVING SEASON CAN BE. YOU'RE AT THE MERCY OF MOTHER NATURE, WHO SEEMS TO BRING THE WORST WEATHER AND THE WORST POSSIBLE TIME. YOU'RE ON CALL 24-7. AND OFTEN TIMES, THE JOB ENDS UP BEING A BIT MESSY. BUT BAXTER BLACK HAS A DIFFERENT PERSPECTIVE TODAY. BAXTER.
TRACTOR TALES:
WELCOME BACK TO TRACTOR TALES. AL, WHAT'S ON TAP FOR OUR CLASSIC IRON THIS WEEK? LAST SUMMER WE FOLLOWED THE FERGUSON ENTHUSIASTS OF NORTH AMERICA ON A TRACTOR RIDE AND PLOW DEMONSTRATION. THIS CLUB PROVED HOW EFFICIENT AND RESILIENT THESE FERGUSON TRACTORS REALLY ARE.
CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE SINGSAAS {SING-SAUCE} LUTHERAN CHURCH IN RURAL BROOKINGS COUNTY, SOUTH DAKOTA. IT WAS STARTED BY NORWEIGIAN IMMIGRANTS IN 1874 WHEN SOUTH DAKOTA WASN'T EVEN A STATE. SERVICES WERE HELD IN MEMBERS' HOMES FOR A DECADE BEFORE THEIR CHURCH WAS BUILT. BUT AFTER THE CONGREGATION KEPT GROWING, THEY BUILT A NEW CHURCH IN 1921. TODAY, THEY HAVE 60 MEMEBERS, SOME DECENDANTS OF THE FOUNDING MEMBERS. OUR THANKS TO THE CHURCH MEMBERS FOR SHARING THEIR STORY…
GOODBYE:
FOR JOHN, AL AND MIKE, I'M TYNE MORGAN. THANK YOU FOR WATCHING U-S FARM REPORT. BE SURE TO JOIN US RIGHT HERE AGAIN NEXT WEEK, AS WE WORK TO BUILD ON OUR TRADITION. HAVE A GREAT WEEKEND, EVERYONE.

 

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