~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Oklahoma's latest farm and ranch news
Your Update from Ron Hays of RON for Wednesday July 7, 2010A service of Producers Cooperative Oil Mill, Midwest Farm Shows and KIS Futures!
-- Wheat Harvest Rolls- Now well into Nebraska
-- Warm and Wet- Is it Really July?
-- Pork Producers Want Extension of Comment Period on Marketing Rules Proposal
-- White House Explains E-15 Testing- As Oklahomans Worry About Availibility of 100% Gas
-- US Wheat and NAWG Stand Together in Concern About Canada Grabbing Upper Hand in Colombia Wheat Trade
-- Soybean Group Sets Top Legislative Priorities for 2010
-- The Rain Just Keeps Coming
-- Let's Check the Markets!
Here's your morning farm news headlines from the Director of Farm Programming for the Radio Oklahoma Network, Ron Hays. We are proud to have KIS Futures as a regular sponsor of our daily email update. KIS Futures provides Oklahoma Farmers & Ranchers with futures & options hedging services in the livestock and grain markets- Click here for the free market quote page they provide us for our website or call them at 1-800-256-2555.
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Wheat Harvest Rolls- Now well into Nebraska
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The 2010 Oklahoma wheat harvest is down to a field here and a field there- although the USDA says there is still 10% of the harvest to get done. Meanwhile, folks in Kansas are up to 84% harvested as of July 4 versus 78% a week ago and versus 55% complete by this point one year ago.
The Texas harvest improved twenty percentage points in the last week from 58% complete to now 78% done- Texas producers continue to lag last year's harvest efforts of 87% complete by this date.
Early reports from Colorado and Nebraska have combines moving with
early yields and good quality being reported. Colorado reports 21% of the
wheat crop now harvested with Nebraska at 13% complete.
Cotton crop conditions have improved slightly over the last week, while corn and soybean crop conditions have declined slightly in the last week. Click on the LINK below to see the crop conditions update from USDA on all of these crops as well as a look at the pasture and range conditions as well.
Warm and Wet- Is it Really July?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The latest crop weather update shows a marked improvement in soil moisture levels with warm- but not hot conditions. "Weather across the State included warm temperatures for much of the week with a few scattered thunderstorms occurring in some areas. Statewide average temperatures were in the mid-to upper-70's, which was a relief from Statewide average temperatures from mid-80's to lower-90's in prior weeks. The State received 1.63 inches of much needed rainfall compared to only receiving .43 inches in the week prior. Four of the nine districts received over two inches of precipitation with the Southwest district receiving the most at 2.69 inches. The Panhandle district received the lowest amount of precipitation with only .20 inch. Topsoil and subsoil conditions substantially improved this week due to the rainfall and are rated in the mostly adequate range with ten percent of topsoil conditions rated surplus and seven percent of subsoil conditions rated surplus."
For our spring planted crops in the state- "As a result of much needed rainfall, row crop conditions remained in the good to fair range. Corn silking reached 53 percent complete, a 17 point increase from the week prior and three points ahead of normal. Sorghum planted was virtually complete by Sunday and running ahead of the five-year average. Sorghum emerged increased 12 points to 90 percent complete by Sunday, 25 points ahead of the five-year average. Soybean planting wrapped up by week's end, 14 points ahead of normal. Soybeans emerged reached 91 percent complete, 17 points ahead of normal and seven percent of the crop had bloomed by week's end. Peanuts pegging reached 52 percent complete by week's end. All cotton was emerged by Sunday, two points ahead of the five-year average. Thirty-five percent of the cotton crop was squaring by week's end."
Click on the LINK below for the latest Oklahoma Crop Weather Update. as issued on Tuesday afternoon by USDA's NASS.
Pork Producers Want Extension of Comment Period on Marketing Rules Proposal
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The National Pork Producers Council today asked for an extension of the comment period on a proposed federal rule that could limit pork producers' options in selling pigs to processors. In a letter to J. Dudley Butler, administrator of the U.S. Department of Agriculture's Grain Inspection, Packers and Stockyards Administration, NPPC urged a 120-day extension of the comment period, which currently is set to expire Aug. 23.
The proposed rule would implement parts of the 2008 Farm Bill related to livestock and poultry contracts, including establishing criteria under the Packers and Stockyards Act for what constitutes providing or giving undue or unreasonable preference or advantage in a contract.
After a preliminary review, NPPC said the proposed rule goes well
beyond the parameters set out in the Farm Bill, specifically with regard
to sections on "unfairness," purchasing practices, contracts, "competitive
injury" and recordkeeping. "Our initial reading of the proposed rule,"
said NPPC President Sam Carney, a pork producer from Adair, Iowa, "is that
it is overly broad and very vague. We need more than 60 days to determine
all of the ramifications this regulation could have on America's 67,000
White House Explains E-15 Testing- As Oklahomans Worry About Availibility of 100% Gas
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The Obama Administration has released a report explaining the goals for testing E-15 fuel in on road vehicles. The report appears to be in response to recent criticism following missed deadlines by the Environmental Protection Agency in reporting results. The administration report says EPA, working with the Department of Energy, undertook a multi-million dollar testing regimen that will provide the information EPA needs to make a sound, technically correct and legally supportable decision.
As the DOE tests engines for a higher blend of ethanol- Oklahomans have concerns that they may be forced to buy ethanol against their wills. Chris Thorne of Growth Energy says that is not a part of the Renewable Fuel Standard law- and that if a retailer sees a chance to make a buck- in other words if they have a market- they will be able to but 100% gas and sell it to consumers- at a higher price.
Click on the LINK below- and we have details on the Obama testing that will likely lead to a higher blend rate being allowed later in 2010- jumping the blend rate from 10% to 15%. Ethanol proponents say that will lower our dependence on foreign oil and create US jobs. Critics of ethanol say they want no ethanol- and it appears that they can stay at E zero if they so choose.
US Wheat and NAWG Stand Together in Concern About Canada Grabbing Upper Hand in Colombia Wheat Trade
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~NAWG Executive Vice President Dana Peterson has joined with Alan Tracy of US Wheat Associates in issuing this statement about Canada getting into a position to better serve the South American wheat market found in Colombia:
"The Canadian parliament has ratified a bilateral free trade agreement
(FTA) with Colombia that will, when implemented, allow Canadian wheat to
enter that country duty free.
"As an industry dependent on exports for half its sales, export
opportunities and free trade are essential. We were encouraged to hear
President Obama's plans to give trade a more prominent role in his
administration's economic recovery agenda and his goal to double exports
in five years. We were particularly pleased that the President recognized
that U.S. inertia on trade only allows other nations to fill the void
while we lose the chance to create jobs on our shores. We urged the
administration to commit to this initiative by submitting the
U.S.-Colombia FTA, and pending agreements with South Korea and Panama, to
Congress for consideration."
Soybean Group Sets Top Legislative Priorities for 2010
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Leaders of the American Soybean Association have set their top legislative priorities for 2010. They include the enactment of a retroactive extension of the biodiesel tax incentive, enactment of pending free trade agreements and ensuring that producers are not adversely impacted by climate change legislation.
Listed in order as presented, the Legislative Priorities are: biodiesel, trade expansion, FY-2011 appropriations, 2012 farm bill, energy/climate change, offshore aquaculture; transportation; ag-related regulatory approvals and biobased products.
ASA President Rob Joslin, a soybean farmer from Ohio, says the
priorities of ASA are the top issues of importance for soybean growers
from all regions, all age groups and all sizes of farming
The Rain Just Keeps Coming
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Rainfall amounts in west central and southwestern Oklahoma continue to pile up- with the Hobart area still the high water mark (so to speak) with over 8 inches of the wet stuff over the last four days. Multiple locations can lay claim to at least five inches of rainfall in the same period.
Mesonet totals show locations in Washington, Garfield, Woods and Oklahoma County some of the heavier spots after Kiowa County. And Jed Castles at News9 in Oklahoma City tells us that the end is not yet in sight- more rain fall is headed our way- and some of it may well be very heavy. Falling on saturated soil- more flooding is likely- so stay in touch with your local Radio Oklahoma Network radio station- they will keep you on top of the rain conditions.
The National Weather Service calls it "moist and uncapped" conditions that will continue to give us chances over a wide area to get heavy rainfall. Those chances continue right into Thursday.
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Let's Check the Markets!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~We've had requests to include Canola prices for your convenience here- and we will be doing so on a regular basis. Current cash price for Canola is $7.25 per bushel, while the 2011 New Crop contracts for Canola are now available are $7.10 per bushel- delivered to local participating elevators that are working with PCOM.
Here are some links we will leave in place on an ongoing basis- Click
on the name of the report to go to that link:
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