techkenyot.com
techkenyot.com January 24, 2018


Florida citrus negatively affected by Irma

13 October 2017, 12:15 | Henrietta Morgan

Florida citrus negatively affected by Irma

Florida citrus negatively affected by Irma

The first citrus forecast for the season from USDA's National Agricultural Statistics Service is calling for the all orange forecast for the 2017-2018 season to 4.34 million tons, down 16 percent from the 2016-2017 final utilization.

Things are even worse in Florida as NASS expects 54 million boxes of oranges to be produced, down 21 percent from last year's final production of nearly 69 million boxes. A survey of analysts conducted by Bloomberg indicated a crop of 58.2 million boxes.

"There's no way they have an accurate count of the estimate they'll release tomorrow based on the continued damage that's falling out from Hurricane Irma", he said, "and the fact that they pulled their limb counters out of the groves at a time when they didn't have an accurate picture of the long-term damage to the trees and to the crop".

Wal-Mart Stores, Inc. (NYSE: WMT)
The firm has "Buy" rating by Nomura given on Friday, May 20. (NASDAQ:CPRT) has "Hold" rating given on Friday, May 27 by Jefferies. Cullinan Associates Inc increased American Electric Power (NYSE:AEP) stake by 7,800 shares to 23,600 valued at $1.64M in 2017Q2.

Shannon Shepp, executive director of the Florida Department of Citrus, said that the Florida Citrus industry as a whole has taken a "heavy hit" this hurricane season.

Orange juice for November delivery rose 1.6 percent to $1.60 a pound at 10:53 a.m. on ICE Futures U.S.in NY.

Irma ripped through in September, causing an estimated $2.5 billion in damage to the state's agriculture, the Florida Department of Agriculture and Consumer Services said on October 4. Estimated productivity in Texas, the biggest USA grower of the fiber, fell to 745 pounds per acre from 757 pounds predicted in September, with much of the state's growing area unaffected by Harvey.

Osinbajo Confess to Approving N640 billion JV Financing Contracts For NNPC
Spokesman of the Vice-President, Laolu Akande in a series of tweets on Thursday Osinbajo approved the contracts. He said this was to deal with a huge backlog of unpaid cash calls and incentivise investments.

USA cotton production this year may be 21.1 million pounds, up 23 percent from last year on higher acreage and down 3 percent from last month's estimate.

"Our signature crop, citrus, was hit especially hard with an estimated $760,816,600 in losses".

Office Depot, Inc. (ODP) Receives $5.08 Consensus Target Price from Brokerages
BidaskClub lowered shares of Office Depot from a "hold" rating to a "sell" rating in a research report on Friday, September 22nd. Always volatility measures make charm for active trader; price volatility of stock was 0.97% for a week and 1.06% for a month.



Other News

Trending Now

Pokemon Ultra Sun and Ultra Moon Trailer Reveals Explosive New Z-Moves
Necromza in Ultra Sun and Ultra Moon has a move called Photon Geyser, which looks damaging but is a bit on the generic side. The special items that Rotom Dex's Roto Loto will reward you with come in different varieties - some increasing the Exp.

GM announces production reduction at Detroit-Hamtramck Assembly plant
The Detroit-Hamtramck plant will likely produce 20 percent fewer vehicles once production resumes in 2018, the Journal said. Impala sales are off 32 percent through September, while Volt sales are down 6 percent and LaCrosse sales are off 21.

Donald Trump says 'something has to be done' on North Korea
White House Press Secretary Sarah Sanders later clarified the president was not declaring war on North Korea. The same day, the U.S. flew two B-1B Lancer bombers near the Korean Peninsula in a show of force.

Palace hands off on Bautista impeachment
Hours before the House voted to proceed with his impeachment, Bautista announced his resignation effective December 31, 2017. On why his resignation was not irrevocable, he said, "Out of respect to the appointing authority, I didn't use that word".

'Settlers of Catan' Movie Adaptation in the Works at Sony
According to the trade, the Catan movie is being fast-tracked by Sony in hopes it can launch a film franchise. Dan Lin and Jonathan Eirich, the "LEGO" movie maker, are also slated to produce the upcoming film adaptation.

Trading Watch on Shares of Time Warner Inc (TWX)
Matthew Mark increased its stake in Time Warner Inc ( TWX ) by 65.75% based on its latest 2017Q2 regulatory filing with the SEC. The (Simple Month Average) SMA20 is at 0.69 percent, its SMA50 Value is 1.31% and SMA200 value is reported as 4.24 Percent.

Researchers Drop Some Very Bad News About Massive Supervolcano Underneath Yellowstone
But researchers from Arizona State University, analysing rocks in Yellowstone, say that the process might take just decades. This supervolcano has ability to exile a rock of around 1,000 cubic kilometers with a huge amount of ash at the same time .

Dun-Laoghaire - Rathdown has lowest percentage of Catholics, Offaly the highest
Their average age was 37.9 years, making the nearly two years younger on average than the county's population overall. The average overall age of members was 40.3 years, almost three years above the average for the general population.

Pro teams avoiding Trump hotels
Golden State Warriors coach Steve Kerr on Trump: "He continually offends people, and so people don't want to stay at his hotel". And in an interview with Sporting News , Bucks forward Jabari Parker said he was "proud" not to stay at Trump properties.

Lakshmi's NTR will begin in Feb: RGV
The film is speculated to being directed by Teja but no details pertaining to the actors and actresses have been revealed yet. As speculations are that the movie will get released in October just before the elections, however, the actor refused.