In South Carolina's closing grain quotes for Tuesday, 2 Yellow Corn was mostly 4 cents lower, 1 Yellow Soybeans were 30 to 31 cents lower, 2 Red Wheat was mixed; 4 cents lower to 3 cents higher, New Crop US 1 Yellow Corn had too few bids to trend, New Crop US 2 Red Wheat was mixed; 4 cents lower to 2 cents higher.
Tobacco Associates Referendum in January for the Carolinas
Tobacco Associates, Inc. will be holding an Export Promotion Check-Off Referendum on January 23rd. Tobacco Associates have been around since 1947 as the only grower-financed export promotion organization, whose activities are directed at protecting, promoting and expanding foreign markets for US flue-cured leaf.
Eligible voters are anyone over the age of 18 who is engaged in the production of flue-cured tobacco during the 2012 growing season. The voting will be conducted by North and South Carolina Extension Service on Wednesday, January 23rd at each flue-cured producing County Extension office. Two-thirds of the eligible voters participating in the referendum must vote ‘for’ in order for the programs to continue.
Midwestern Drought Affected Grocery Purchases Nation Wide
A survey shows many issues affecting cattle producers also had an impact on consumers this year and their purchases changed accordingly.
The survey by Hunter Public Relations of the most influential food stories of the year revealed the drought, “pink slime” and genetically modified foods were high on consumers’ radars. Supermarket News reports the survey polled 1,000 Americans about the top stories and how their shopping habits changed.
The leading story was this summer’s drought, which 43% of those surveyed ranked as the top story. Lean, finely textured beef, a product the media often called “pink slime,” and genetically modified foods were also at the top of the list.
Most consumers (70 percent) said the drought forced them to seek out the lowest prices while 33 percent selected canned fruits and vegetables instead of their fresh counterparts. The “pink slime” media scare earlier this year clearly had an impact on consumer spending habits. The poll found 34 percent bought or consumed less ground beef and many selected alternative proteins
2012 Census of Ag in the Mail
Renee Picanso of USDA's National Agricultural Statistics Service explains when 2012 Census of Agriculture forms are due and the data collection timeline.
“Our due date is February 4, but a lot need a little extra time to work on the forms with their tax records that are usually not available until April, so we will be collecting through May.”
Record-High Carryover Stocks of Cotton Could Affect 2013 Prices
Record-high carryover stocks of cotton and future weather patterns are just a few factors affecting cotton prices heading into 2013, according to a Texas A&M AgriLife Extension Service economist. Dr. John Robinson, AgriLife Extension cotton economist in College Station said cotton prices are still adjusting to historic prices in 2010-2011 when $2-plus per pound cotton prices led to higher world production and reduced consumption. That set of circumstances led to record-high carryover stocks of cotton worldwide and weaker prices. With the strength in 2013 corn, soybean and wheat future prices, Robinson said there will likely be major shifts to grains and oilseeds in the Mid-south and Southeast.