Friday 24 March 2017

3 BIG THINGS TODAY, MARCH 24

WHEAT FUTURES LOWER OVERNIGHT; MONEY MANAGERS SLIGHTLY LESS BULLISH LAST WEEK.


1. WHEAT LOWER OVERNIGHT AS GLOBAL WINTER CROPS EMERGE FROM DORMANCY

Wheat futures were lower in overnight trading on reports that Black Sea wheat emerged from winter dormancy with little winterkill damage.
Crops in the region, where the bulk of Russia and Ukraine wheat is grown, had a fairly decent winter, which leads market watchers to believe yields will be solid this year. The U.S. winter crop is also set to emerge from dormancy in good conditions, according to forecasters.
Still, drought stress may be starting to take its toll on the U.S. crop, Commodity Weather Group has said in reports. Little or no rain has fallen in much of the Southern Plains in the past month, according to the National Weather Service.
Corn and soybeans were little changed overnight.
Wheat futures for May delivery fell 2¾¢ to $4.37¾ a bushel overnight on the Chicago Board of Trade. Kansas City futures lost 4¢ to $4.51½ a bushel.
Corn futures for May delivery lost 1¾¢ to $3.62½ a bushel in Chicago.
Soybean futures declined ¼¢ to $10.06¼ a bushel in Chicago. Soy meal gained 50¢ to $329.20 a short ton, and soy oil fell 0.13¢ to 32.55¢ a pound. 
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2. MONEY MANAGERS SLIGHTLY LESS BULLISH ON BEANS, CORN LAST WEEK

Money managers were less bullish on soybeans and corn, but only slightly, in the week that ended on March 8, according to the Commodity Futures Trading Commission.
Hedge funds and other speculative investors were net-long 124,065 soybean contracts last week, down 4.3% from the prior week, the CFTC said in a report.
Net-longs, or bets on higher prices, in corn declined to 87,020 contracts, down from 87,657 a week earlier, according to the CFTC.
Investors reduced their bullish positions in hard red winter wheat to 35,306 net-long contracts, down from 37,667 the prior week, which was the most bullish they’ve been since April 2014, government data show.
Speculators were more bearish on soft red winter wheat, raising net-short positions, or bets on lower prices, to 65,521 contracts from 59,233 the prior week.
The weekly Commitment of Traders Report from the Commodity Futures Trading Commission shows trader positions in futures markets.
The report provides positions held by commercial traders, or those using futures to hedge their physical assets; noncommercial traders, or money managers (also called large speculators); and nonreportables, or small speculators.
A net-long position indicates more traders are betting on higher prices, while a net-short position means more are betting futures will decline.
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3. WINTER STORM MAKING WAY ACROSS MIDWEST, HEADING EAST INTO MID-ATLANTIC

A strong winter storm that’s blowing through Iowa today will continue to move east this week bringing cold temperatures and snow.
Much of northern Iowa and southern Minnesota are in a winter storm warning, while surrounding areas and regions east are facing a winter weather advisory, for now, according to the National Weather Service.
“Periods of light to moderate snow will continue across the area before tapering off through the morning hours,” the NWS said in a report early Monday. “Moderate to heavy accumulations have already occurred over north central Iowa with lighter amounts south. Snowfall rates will gradually diminish through sunrise.”
Total accumulations in the affected areas will range from 6 to 9 inches, the agency said. Winds are expected to be from 10 to 20 mph, which will reduce visibility.

PRODUCT TEST TEAM: 7 FARMER-APPROVED TOOLS

No one knows tool or shop supply innovations better than farmers. That’s why we asked a team of farmer handymen to evaluate a toolbox of shop advances that are typically only marketed to other industries for this Successful Farming Product Test Team report. 

ELECTROMAGNETIC DRILL PRESS

Bobby Huffman has a lot of favorite tools. “I’m a tool junkie,” the Edina, Missourian admits. “I have a lot of tools I love, but I’m very partial to my magnetic drill press.”
The tool that Huffman refers to is designed for the construction trades for drilling holes in I-beams, framework, and bridges. These drills employ an electromagnet on their base, which, when activated, attaches the tool to metal with a strength that makes it impossible to remove manually.
The drill Huffman put to work, an Evomag42, offers nearly 2,900 pounds of magnetic strength. “It will not move, even when used vertically to drill through thick steel,” Huffman testifies. Case in point, he had used the Evomag42 to drill 15⁄8-inch holes through vertical I-beams being used to make a homemade hydraulic press. “The holes it drilled (using annular bore cutter bits) are dead-on round and smooth. No burrs are left when it’s finished,” he notes.
As for its use on farms, Huffman is convinced this is a tool operators would use and wonder how they got along without it. The Evomag42, which is part of a line of electromagnetic drills from Evolution Power Tools, has a ¾-inch arbor that accommodates either up to ½-inch-diameter twist bits or 15⁄8-inch annular cutters. The tool’s rated drilling depth is 2 inches. The Evomag42 sells online for between $585 and $774. 

thermometer-gun
THERMOMETER GUN

James Fred had been using a cheaper remote temperature-sensing device that “proved handy for mechanical work,” says Fred, who is part of Fred Farms near Rochester, Indiana. “I didn’t realize its limitation until using a more advanced gun like this.”
The gun he is referring to is the 12-volt DeWalt Max Infrared Thermometer, which provides an accuracy of ±1.5% to gauge temperatures from -20°F. up to 932°F. from an area that is 1½ inches in diameter from as far away as 12 feet. What sets this DeWalt gun apart from the previous temp device Fred was using is the fact that it offers visual and audio alarms to alert the user to a problem. Plus, it features LED hot and cold spot indicators. “With it, I could sweep the gun across an area to pick up hot spots, for example,” Fred explains. “Plus,  I can customize that hot-cold alarm setting to a range. So if I were looking for a bearing that was getting hot on an operating machine, I could narrow the range to eliminate high temps (given off by an engine, for example) to readily find that problem bearing.”
The other feature Fred appreciates about the advance temp gun is that it has data storage for recording temperature readings. “I can compare the temperature of a bearing with other bearings, for example. The laser spotting light makes it easy to pinpoint exact locations from a distance. I could use it to get a reading off of an engine radiator if I was double-checking the temperature gauge on an engine. Other times, I used it to get a rough reading of building temperature by spotting the exhaust fans in my dairy barns,” he notes.
The 12-volt DeWalt DCT414S1 includes a color-coded display, audio alarms, and backlit screen so it can be easily read in any light condition, including those in full sunlight. The device retails for $128.99 for the gun alone or $209 for the gun, battery, and case. 

portable-bandsaw
PORTABLE BAND SAW

Corded portable band saws have been a staple in the building trades for years. Recent advances in battery capacity and motor ability (due to brushless motors) by Milwaukee have created a cordless band saw that readily fits the portable needs found on farms. 
“This tool is so impressive in what it can do in the field,” says Tom Boswell of Rezac Land & Livestock near Onaga, Kansas. “It is a serious tool that makes surprisingly quick work of cutting metal.”
Boswell and his crew put the Milwaukee M18 Deep Cut Band Saw to the test in a wide variety of jobs on their operation. “It came in particularly handy when we used it to erect a grain leg and bin this past summer,” he says.
In that regard, Boswell points out that the saw ran nearly all day between charges even with constant use. “It certainly has the power to lug through any cutting job,” he says. “The Milwaukee blades that come with the saw are very impressive.”
A huge feature of the Milwaukee design is its industry-leading 5×5-inch cutting throat. “That comes in handy when making fence with well-drilling pipe,” Boswell notes.
The 15-pound saw runs off an 18-volt, 4-amp-hour battery that powers a Powerstate electronically controlled brushless motor at speeds up to 280 feet per second.   The suggested retail price for the saw alone is $546 or $1,019 with two batteries and a case. The tool carries a five-year warranty.

super-magnetic-jigs
SUPER MAGNETIC JIGS

Designed for professional welders, Magswitch’s Pivot Angle 200 and Multi Angle 1000 MagVise are two devices that are surprisingly strong, easily adaptable to a wide variety of uses, and could quickly become as necessary as C-clamps on a farmer’s welding table, Bobby Huffman observes. 
“To be honest, I really didn’t think I’d use them that much,” he admits. “But as I put them to use during the evaluation, I quickly found that they became my go-to welding jigs.”
Part of an extensive line of super-magnetic devices sold by Magswitch, the Multi Angle 1000 boasts a holding strength of up to 1,000 pounds on thick steel by twisting a handle, yet it only weighs 3½ pounds. The tool provides multiple common angles to accommodate most welding approaches.
“When I turned that handle, it was stuck down tight. Even a big guy would be hard pressed to move it,” Huffman says.
The Pivot Angle 200 didn’t offer as much holding power (up to 200 pounds of magnetic strength), but it features a pivoting joint that allows the jig to be positioned at any angle from between 25° and 270°. The elbow joint locks and unlocks quickly with a lever.
“It certainly was easy to position and was dead-on when it came to holding at a precise angle,” he says.
Twisting levers engage individual magnets of the Pivot Angle, which are located at either end of the arms (silver items in the image). Those magnets are designed to hold flat, round, and odd-shape pieces.
“I was surprised by the strength of the magnets. Although they were weaker than the Multi Angle, they still held steel in place for welding, drilling, cutting, or grinding,” Huffman says. The Multi Angle 1000 retails for $174.99; the Pivot Angle 200 sells for $410.

leaf-blower
LEAF BLOWERS ON STEROIDS

Cory Hall and his son Bryson (Bryson is shown below) were dubious about a leaf blower having any use on the farm. “Oh boy, the one we tested could do far more than just blow leaves around,” Cory says. “I can definitely see it being useful to blow off a combine or to clean out a truck box or shop floor without having to drag cords or an air hose around.”
The blower that the Winterset, Iowa, farm team evaluated was introduced a year ago by WORX as part of a line of yard tools powered by that company’s new 56-volt battery advance. The blower, tabbed the Turbine, turns out a blast of air at 125 mph at volumes up to 465 cubic feet per minute (cfm).
That doesn’t compare to the pressure turned out by an air hose nozzle. But, as Cory notes, the WORX Turbine is cordless, plus it weighs just over 8 pounds. “I was really surprised when I picked it up – it was so light,” Bryson notes. “I didn’t expect much at first, but when I used it to blow corn out of a truck box, it was blasting kernels feet away.”
The Turbine is one of two high-voltage cordless blowers on the market. Echo is selling a 58-volt blower that turns out a 120-mph blast at a volume of 450 cfm. Both the Echo and WORX blowers employ brushless motors that are noted for converting more battery power to work.
“Full blast was impressive,” Cory notes. “But I liked the fact that I could vary the airflow with a speed control in case I was in a confined area and didn’t want to blow up so much dust or when just moving a light load of dirt or debris.”
One of the unique features of both the WORX and Echo blowers is that they consume air from the back of the tool through a fan for a direct stream. Typically, leaf blowers suck in air from their sides, which can hinder flow. This flow feature, combined with the higher battery capacity, results in their higher air velocity.
“I was definitely impressed in that regard,” Cory says explaining that he could effectively clean off a combine and its engine cavity at the end of the day.   The WORX Turbine retails for $199.95, including a battery, charger, nozzles, and three-year warranty. 

hydro-hose
FAST-FIX HYDRO HOSE

For the past year Jerl Joseph, who farms with his son, Eric, near Hampton, Nebraska, has put to the test a hydraulic hose repair product designed for the mining, logging, and electrical utility industries. The Quick-Fix kit offers thermoplastic hydraulic hose (either 3⁄8- or ½-inch diameters) that doesn’t require an expensive crimper to make repairs. “Instead, you use this high-density plastic two-piece holding die that is clamped down with a C-clamp or a locking pliers,” Joseph explains. “The kit includes a hose cutter that is similar to that used to cut PEX plumbing pipe except it’s more heavy duty.”
When making a replacement, he explains that you cut the length of hose needed with the cutter. “Quick-Fix said it didn’t leave debris or frayed edges behind, and so far the cutter works as they said it would,” Joseph says.
Next, the end of the hose is clamped into the die and the appropriate coupling is screwed into the hose using an open-end wrench. All the couplings that come with the kit are reusable, which certainly is a big advantage to the system, Joseph notes. “There is a two-part fitting. You screw the first portion of the fitting into the hose. Then you use two open-end wrenches and screw in and tighten the second part of the fitting.”
The manufacturer claims that a person can make a replacement hose in around 10 minutes. “The first time I used the system, it was maybe more than that as I got used to making a repair,” Joseph says. “But after that, I could make a replacement in that 10-minute time.”
One of the hoses Joseph created was a replacement for a conventional hose that ruptured on a tractor loader. “That is some pretty hard use for a hose – loader work, that is,” Joseph adds. “That hose has been in use a year or more with no problems.” Nitta Corporation guarantees its 3⁄8-inch hose has an operating pressure of 3,480 psi, and the ½-inch size withstands up to 2,900 psi. “All hoses have a minimum burst pressure of four times their recommended operating pressure and an operating temperature range of -40°F. to 212°F.,” adds Larry Johnson of Nitta. “The fitting and adapters that come with a kit cover the vast majority of needs on farm machinery.”
The ½-inch hose kit Joseph tested retails for $329; the 3⁄8-inch kit sells for $299. 

inspection-camera
INSPECTION CAMERA

James Fred always wanted a mechanic’s inspection camera (borescope), but he could never convince himself to make the investment. 
“Knowing what I know now about their usefulness, I would buy one,” Fred says talking about his review of the DeWalt MAX 9MM inspection camera. “First off, I was surprised how sharp the images were from such a small camera. These images were in color, as well.”
This particular DeWalt borescope employs a 9-millimeter camera positioned at the end of a 3-foot-long flexible cable. Color images are displayed on a 3½-inch screen, which is detachable. “I really appreciated that feature,” Fred points out. “I could take the screen off and set it down for easy viewing while manipulating the cable (as he does in the above image with the screen resting on the tractor tire).
“The camera has three times the zooming capacity, so I can zero in on a problem once I find it. The only improvement is that I would have liked the camera lighting to be brighter.”
Another feature Fred likes is the ability to record the video or still images on an SD card. “I can look at larger images on a computer screen, which is really revealing for when I’m looking inside an engine,” he says.
DeWalt offers cameras with 5.8- and 17-millimeter lenses. The 9-millimeter model DCT411S1 kit evaluated by Fred retails for between $260 and $390 online (includes a battery, charger, and inspection tools). 

Feed Nigeria, to feed Africa

Nigeria has, in recent times, witnessed a spike in agricultural interest. This is understandable, given the fact that receding economic numbers have brought home jolting realities about the “bubble nature” of our fossil fuel reliant economy.
Typically, the foregoing has triggered a bandwagon effect. Everyone wants to talk agric these days – it’s an all comers affair – Conferences, Exhibitions, Seminars and what have you. While this is not a bad state of affairs in itself, the awareness created therefrom could augur negatively for the sector, if gainsayers are allowed to dictate the narrative. Already, there are throngs of Seminars, Conferences and Summits mostly aimed at ‘showcasing’ the country’s agricultural potentials. But, the conversation has moved way beyond that point. It is common knowledge that NIgeria is endowed with potentials, what is required and indeed missing, is the disciplined and painstaking resolve to chart a deliberate course towards actualizing those potentials, hence the need for a new convocation paradigm.
The Feed Nigeria Summit (FNS2017) heralds the new paradigm – homegrown solution to typically localized developmental challenges.
The gravamen of the FNS is that Nigeria needs to proffer solutions to her food import dependence reality by immediately triggering an increase in domestic agricultural productivity. In this regard, AgroNigeria, the Organizers of the Summit have identified a viable vehicle – subsumed in the current economic reality – with capacity to deliver up monumental productivity advantages to the sector, if well managed.
Thus, the Home-Grown School Feeding Program of the Federal Government is being promoted to the agricultural private sector as a viable medium for sustainably increasing local farmer output and thereby triggering an agricultural revolution. The caveat however, is that this can only happen with the active support of the private sector.
Given the “homegrown impetus” of the HGSFP, it stands to reason that a whopping budget of #300billion (three hundred billion Naira) as earmarked to be spent over a period of 30months by the government, promises local agricultural producers a guaranteed market for their various agro-outputs. Whether it be Cocoa from the south west, oil palm, plantain and cassava from the South East and South South, or indeed the maize, soy, millet, rice and tomato occasioning in the North, there is room for quantum boosting of Nigeria’s agricultural productivity and triggering a wellspring of  value for her recession plagued economy.
However it is pertinent that we re-emphasize that this can only be achieved via a private sector driven implementation framework which allows for innovative approaches that will deliver up probity, accountability and profitability – anything else will result in a monumental waste of scarce resources.
Accordingly, FNS -2017 will feature a Special Policy Session on the HGSFP providing a landmark opportunity for those charged with the implementation  of the Program, to engage key Private Sector players in the Nigerian agricultural space regarding the workings of the Program and the possibilities of its sustainable implementation beyond the initial 30 month cycle.
The theme of FNS -2017 is apt: “Feed Nigeria; To Feed Africa”, and seeks to draw attention to the strategic positioning of Nigeria in the larger continental food security matrix. It draws inspiration from the Feed Africa Agenda – one of the five principal policy thrusts of the African Development Bank, as championed by its current helmsman, Nigeria’s Dr Akinwumi Adesina. AgroNigeria, in conjunction with its collaborators, strongly believes that Nigeria should be at the forefront of this laudable continental initiative.
Indeed, the current government’s drive towards economic diversification can only succeed if Agriculture is handed a vital position in the scheme of things. The results being applauded currently are a tip of the iceberg, agriculture holds transcendental benefits for Nigeria, if the stakeholders can give it more serious attention. There is no more room for mere talk, it is now time to act in concrete terms. The development partner community, a set of silent achievers, will be provided a demonstration hub to showcase scalable outcomes from their interventions, which the agric public and private sector can leverage.
To this end, FNS-2017 will be a potpourri of the crème of the Nigerian Agriculture ecosystem, a melting pot of policy and strategic discussions between government, private sector, development community as well as the research community for the progress of the sector. The summit seeks to address key national agricultural productivity issues like finance, market access, research, infrastructure, mechanisation, and ICT, while ensuring a mainstreaming of gender and other related issues. The role of legislation in the sector will also be a critical area of engagement.
The FNS is scheduled to hold on the 6th and 7th of April, 2017 at the Grande ballroom, Intercontinental Hotel, Lagos and is being convened with the support of the African Development Bank Group and the Songhai Center for Agricultural Excellence, Porto Novo.

Agric is moving forward in Nigeria – SMEDAN

The state coordinator, Small and Medium Enterprise Development Agency Of Nigeria, Mr. Yinka Fisher has said that with increased developments recorded in the agricultural sector, Nigeria is indeed moving forward.
The state coordinator who stated this while giving his goodwill message at the ongoing Organic Agriculture Export Forum by Lead Unique Limited at the LCCI Exhibition Centre expressed that the situation was changing from the days when the country solely depended on oil revenues.
Commending the efforts of the present administration, he noted that there were talks about moving agriculture forward.
“With the president we have in place, all we have been talking about is how to move agriculture forward being a farmer is a blessing”.
He lamented that though there were a lot who studied agriculture, very few were involved in the agribusiness.
He further said that there were many prospects in the agribusiness sector but information was key to being fulfilled in the business.
” There are lots of opportunities in agribusiness, all that is needed is to information to succeed in the business”.
Meanwhile, the Vice Chairperson, All Farmers Association (AFAN) Lagos state chapter, Adeyinka Esther, expressed that the farmers were ready to produce for the nation, but they lacked support.
She lamented that they hardly had access to loans, machinery and better seeds which would aid better yield that would compete at the international market.
SMEDAN coordinator however informed that the organisation was ready to support the farmers in attaining increased productivity.
“By the mandate of SMEDAN, we are into advocacy, so if you want finance, let us know”.

FG PLEDGES TO RESOLVE FOREX CHALLENGES FACING EXPORTER

The Minister of Agriculture, Chief Audu Ogbeh yesterday expressed the federal government’s desire to address the foreign exchange (forex) challenges faced by exporters, disclosing that the ministry is in talks with the Central Bank of Nigeria (CBN) concerning the issue.
Audu who spoke at the FirstBank of Nigeria Expo in Lagos tagged: ‘Re-inventing Agriculture for Sustainable National Development,’ noted that it does not augur well for exporters if they cannot export at the official rate.
He expressed confidence that once the issue is addressed, exporters would be able to repatriate their earnings and not lose money.
“We are planning a meeting between the CBN, the Ministry, Nigeria Customs Service (NCS) Nigeria Export Promotion Council (NEPC) and the Ministry of Finance in order to deal with some of these challenges we face especially as it affects smuggled goods that come into the country and how they damage our local efforts.
There is need for us to work to attain self-sufficiency in food production,” the minister explained.
Furthermore, the minister revealed that the federal would soon embark on large-scale production of crops such as cocoa and Shea butter, especially in states that have comparative advantage.
He added: “We are also looking at the expansion of coconut. The water from coconut has a natural source of sweetening.
Coconut oil is expensive one litre today is N7, 000. A coconut shell is a very expensive export item which can be used to produce activated carbon heavily used in industries just like palm products are very valuable and they are strong export items. Last year, we shipped $6,000 worth of raw cashew to Vietnam.
“We have decided that in two years, we shall not export raw cashew nuts we shall begin to roast it and export because from 3tonnes of raw cashew we produce one tonne of roast cashew which sells in Vietnam for $10,000. We need financial support. We are the only country in the world that the interest rate for agriculture sector is still high.”
He said policy summersault by successive government was one of the factors that hindered the attainment of self-sufficiency in food production by the country, lamenting that Nigeria had become highly dependent on food imports.
Earlier, the Managing Director of FBN, Adesola Adeduntan, said the bank was positioned to build alliances with agro-producers, processors and storage companies to ensure improvement in the agricultural sector.