AgDay Daily Recap - May 18, 2018

May 18, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
MAY 18, 2018

HEADLINES

THE AG ECONOMY ISN'T HEALED BUT IS IT GETTING BETTER? NEW INFORMATION  IS OUT. THE HOUSE DEBATES THE FARM BILL. IN AGRIBUSINESS...A DYNAMIC CATTLE MARKET. AND SPRAY A WHOLE FIELD OR JUST SPOT SPRAY -- WEED MANAGEMENT ADVICE FROM FARM JOURNAL COLLEGE TV.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO. 

RURAL MAINSTREET INDEX
GOOD MORNING I'M CLINTON GRIFFITHS. TWO NEW ECONOMICS REPORTS SEEM  TO INDICATE THAT FINANCIAL EROSION IN FARM COUNTRY IS SLOWING DOWN.  BUT PRODUCERS IN DROUGHT-STRICKEN AREAS ARE STILL FEELING THE PINCH. THE KANSAS CITY FEDERAL RESERVE DISTRICT REPORT AND THE RURAL MAIN STREET INDEX FROM CREIGHTON UNIVERSITY WERE RELEASED THURSDAY. STARTING WITH THE R-M-I - FOR A FOURTH STRAIGHT MONTH THE OVERALL  INDEX ROSE ABOVE GROWTH NEUTRAL. THE OVERALL INDEX ROSE TO 56-POINT-THREE UP FROM 53-AND-A HALF IN APRIL.  THE INDEX RANGES BETWEEN 0 AND 100 WITH FIFTY REPRESENTING GROWTH  NEUTRAL.  THE RMI COVERS A 10-STATE REGION DEPENDENT ON AGRICULTURE OR ENERGY,  AND IS BASED ON RESPONSES FROM BANKERS IN THOSE RURAL COMMUNITIES. WHILE NOT A FULL RECOVERY, THE BANKERS SAY THE RURAL MAINSTREET ECONOMY IS TRENDING UPWARD WITH IMPROVING, AND POSITIVE ECONOMIC  GROWTH. SOME FARMERS SAY THE RALLY AT THE BEGINNING OF THE YEAR CHANGED  ATTITUDES AROUND FARM COUNTRY.  "WE HAD A SIGNIFICANT RALLY IN BOTH CORN AND BEANS. IT TOOK A LONG TIME TO BUILD TO THE PRICE  LEVELS WE ARE SEEING TODAY BUT IT'S REALLY CHANGED A LOT OF PEOPLE'S PERSPECTIVE. 05 AND I THINK THAT'S A GOOD THING. THERE'S MORE OPTIMISM TODAY THAN THERE WAS JUST 9 MONTHS AGO."THE RMI SHOWS AVERAGE ANNUAL CASH RENTS ON FARMLAND DECLINED OVER  THE PAST YEAR BY THREE PERCENT TO 239 DOLLARS AN ACRE. LOWER RENTS  COULD PROVIDE SOME RELIEF ON THE EXPENSE SIDE OF THE LEDGER. 

KANSAS CITY FED QUARTERLY REPORT
MEANWHILE THE KANSAS CITY FEDERAL RESERVE JUST POSTED ITS QUARTERLY  REPORT ON AG CONDITIONS IN THE GREAT PLAINS. K-C FED ECONOMISTS SAY FARM INCOME AND CREDIT CONDITION CONTINUE TO  WEAKEN IN THEIR DISTRICT, BUT AT A SLOWER PACE. THE K-C FED SAYS REDUCED FARM INCOME RESTRICTS CASH FLOW.  SUBSEQUENTLY IT CONTRIBUTES TO MORE FARM LOAN DENIALS. DURING THE FIRST QUARTER, THE LARGEST SHARE  OF LOAN DENIALS WENT TO  OKLAHOMA WHICH RELIES HEAVILY ON THE WHEAT CROP. WHILE DROUGHT AND SOBERING WHEAT PRICES IS WEIGHING ON FARMS IN THE  PLAINS, FARMER MAC SAYS THE OVERALL STEADY HEALTH OF THE FARM  ECONOMY IS BEING SUPPORTED BY A SLIGHT UPTICK IN COMMODITY PRICES LIKE CORN AND SOYBEANS THIS WINTER. "THERE WAS ALSO A REALLY GOOD TIMING THIS YEAR ON COMMODITY PRICE MOVEMENTS. SO THIS  RALLY THAT WE EXPERIENCED IN JANUARY , FEBRUARY MARCH CAME AT A TIME WHEN A LOT OF PEOPLE  HAD LOAN PAYMENTS DUE. SO THE TIMING OF THIESE CASH FLOWS CAME AT  A VERY OPPORTUNE TIME  FOR US. SO THAT MEANS DELIQUENCY RATES HAVE BEEN FAIRLY LOW." THE KC FED ALSO FOUND BANKERS ARE RESTRUCING DEBT AT A SLOWER PACE  THAN IN PREVIOUS QUARTERS. THE FED SAYS A SLOWER RESTRUCTURING PACE  COUPLED WITH A SLOWER PACE OF DECLINING INCOME COULD BE A RESULT OF  HIGHER PRICES HELPING STABILIZE THE FARM ECONOMY. 

FARM BILL
A SPUTTERING AG ECONOMY IS A MAJOR DRIVER BEHIND THE PUSH FOR A 2018  FARM BILL. THE HOUSE OF REPRESENTATIVES SPENDING SIGNIFICANT TIME ON THAT LEGISLATION THIS WEEK. PROCEDURAL VOTES AND SPEECHES BEGAN IN THE PEOPLE HOUSE THURSDAY. WHILE THE LEGISLATION IS NAMED THE FARM BILL, SOME 80 PERCENT OF ITS  COST GOES TO FOOD PROGRAMS LIKE THE SUPPLEMENTAL NUTRITION  ASSISTANCE PROGRAM. THE REPUBLICANS SEEKING TO MAKE SOME MAJOR CHANGES TO SNAP IN THIS  BILL INCLUDING ADDING WORK REQUIREMENTS FOR SOME RECIPIENTS. THE DEMOCRATS CALLING IT SHAMEFUL AND TARGETING THE POOR. "WE NOW SEE COMPANIES LOOKING TO HIRE WORKERS AND THAT'S A GREAT THING. BUT AT THE SAME TIME WE ALSO SEE A RECORD NUMBER OF PEOPLE, A BALLOONING NUMBER OF PEOPLE ON SNAP. BACK  IN 2000, WHEN WE HAD THOSE LOWER LEVELS OF UNEMPLOYMENT WE HAD 17 MILLION PEOPLE ON THE  SNAP PROGRAM. TODAY IT'S OVER 41 MILLION PEOPLE ON THAT SAME PROGRAM." "FIRST, WE MAINTAIN NUTRITIONAL ASSISTANCE. THERE ARE NO CUTS. SECOND THIS LEGISLATION WILL HELP  THE WORK CAPABLE ADULTS GAIN THE SKILLS SO THAT THEY CAN MOVE OFF THE SIDELINES INTO ONE OF THE  SIX MILLION JOBS THAT ARE CURRENTLY OPEN IN AMERICA. AND 3, THE WORK AND EDUCATION REQUIREMENTS ONLY APPLY TO WORK CAPABLE ADULTS, NOT SENIORS, NOT INDIVIDUALS WITH DISABILITIES,  NOT PARENTS WHO HAVE CHILDREN UNDER THE AGE OF 6 AND NOT PREGNANT WOMEN."ON THE AG SIDE OF THE BILL, A MIX OF SUPPORT, TARGETED AMENDMENTS STILL  BE VOTED ON TODAY. USDA DEPUTY UNDER SECRETARY STEVE CENSKY TELLING  AGDAY THOSE AMENDMENTS WILLD DRAW SOME TOUGH VOTES. "WHILE WE'RE NOW WEIGHING IN AMENDMENT BY AMENDMENT. OUR MESSAGE IS CONSISTENT IS  THAT WE NEED A FARM BILL. WE OUGHT NOT TO LET THE PERFECT BE THE ENEMY OF THE GOOD." CENSKY SAYS AMENDMENTS DRAWING CRITICISM FROM THOSE WHO BELIEVE  THE ADDITIONS DON'T DO ENOUGH, TO THOSE THINKING IT'S TOO MUCH.  AND IT'S THAT STAUNCH OPPOSITION FOUND THEIR WAY TO FLOOR ON THURSDAY. "THE PUBLIC IS VERY CLEAR. THEY WANT GREATER ACCESS TO HEALTHY LOCALY GROWN FOOD THEY WANT  MORE OF IT GROWN ORGANICALLY AND THEY WANT TO SUPPORT FARMERS AND RURAL ECONOMIES. BUT  FEDERAL POLICY IS WAY BEHIND THE TIMES. AND THIS LEGISLATION WOULD MAKE IT MUCH WORSE." FROM CONCERNS ABOUT FARM BILL INTENTIONS TO WORRY ABOUT CHANGES IN THE CONSERVATION PROGRAMS, TO AMENDMENTS THAT LIMIT CROP INSURANCE  SUBSIDIES TO ONLY THOSE PRODUCERS WITH AN ADJUSTED GROSS INCOME OF  500-THOUSAND DOLLARS OR LESS...  "I HAD OFFERED NUMEROUS FISCALLY RESPONSIBLE REFORM AMENDMENTS TO IMPROVE THE BILL AND ALL OF WHICH WERE REJECTED LAST NIGHT. FOR INSTANCE, WHY IS  A FARM ENTITY WITH AN ADJUSTED GROSS INCOME OF OVER 500-THOUSAND DOLLARS A YEAR STILL  RECIEVING TAX PAYER SUBSIDIES UNDER THIS BILL?"THE DEBATE IS STACKING UP TO BE DYANMIC. "THE 2018 FARM BILL IS A RESPONSIBLE AND EFFECTIVE PIECE OF LEGISLATION THAT MAINTAINS  SAFETY NET PROGRAMS AND CROP INSURANCE FOR AMERICAN FARMERS WHILE MAKING INVESTMENTS IN JOB TRAINING PROGRAMS TO LIFT THOSE IN NEED OUT OF POVERTY."THE SUGAR SUPPORT PROGRAM UNDER MAJOR ATTACK AND FINDING MAJOR  SUPPORT FROM REPRESENTATIVES IN SUGAR GROWING DISTRICTS. "IN DEFESE OF THE 2300 FACTORY WORKERS AND 900 FAMILY FARMERS WHO GROW SUGARBEETS IN  MY COMMUNITY THE SUGAR PROGRAM IN THIS COUNTRY SUPPORTS FAMILY FARMERS. THE COMPANY THAT  IS FORMED IS A CO-OP FORMED BY LOCAL FAMILY OWNED GROWERS WHO COME TOGETHER AND ALL THEY ASK FOR IS A FAIR CHANCE TO COMPETE. TO GROW THEIR HIGH QUALITY PRODUCT AND NOT HAVE TO  COMPETE WITH STATE SUBSIDIZED FOREIGN SUGAR THAT IS DUMPED IF WE DON'T HAVE A PROGRAM THAT  PROTECTS OUR LOCAL GROWERS.

NAFTA AGREEMENT
IS A MAJOR THAW COMING IN THE ICY TRADE WATERS BETWEEN THE U.S. AND  CHINA. THE TWO SIDES HOLDING HIGH LEVEL DISCUSSIONS TO END THE WEEK. REPORTS SURFACING THURSDAY THAT THE CHINESE VICE PREMIER ARRIVED IN  WASHINGTON SEEKING AN AGREEMENT. THAT AGREEMENT MAY INCLUDE CUTTING THE TRADE DEFICIT BY 200-BILLION  DOLLARS OR MORE. TO DO IT, THE REPORTS SAY CHINA MAY BUY MORE, A LOT MORE, U.S. FARM  GOODS. IN EXCHANGE THEY'RE ASKING THE U.S. TO HOLD OFF ON SANCTIONS AND  TARIFFS ON CHINESE GOODS. FARMERS WATCHING THESE TALKS RECOGNIZE WHAT'S AT STAKE. "I KNOW INTELLECTUAL PROPERTY BY U.S. COMPANIES HAVE BEEN TRAMPLED TREMENDOUSLY BY CHINA  AND NO ONE HAS STOOD UP TO THEM UP TIL THIS POINT. 55 THE UNFORTUNATE PART IS AG IS THE EASIEST  TARGET FOR RETALIATORY TARIFFS THAT COME INTO PLACE. 02 AND I THINK MOST FARMERS UNDERSTAND THAT  IT'S ABOUT TIME SOMEONE TOOK A STAND BUT I'M ALSO CONCERNED ON THE HOME FRONT." THEY HAVE A LOT OF POWER IN THE MARKET AND WE JUST NEED TO BE CAREFUL SO WE DON'T LOSE THEM."FROM CHINA TO NAFTA - U-S TRADE REPRESENTATIVE ROBERT LIGHTHIZER WAS ALSO BUSY  THURSDAY MEETING WITH HIS CANADIAN COUNTERPART TO SEE IF A NEW NAFTA  DEAL IS WITHIN REACH. THE U.S. AND CANADA REPORTEDLY HELD A HIGH-LEVEL MEETING TO SEE IF THEY  CAN FINISH IN A FAIRLY RAPID FASHION. HOUSE SPEAKER PAUL RYAN SAID HE NEEDED TO BE NOTIFIED OF INTENT TO  SIGN A NEW NAFTA BY MAY 17 TO GIVE THE CONGRESS ENOUGH TIME TO  APPROVE THE DEAL THIS YEAR.  CANADIAN OFFICIALS WERE ALSO EXPECTED TO MEET INDEPENDENTLY WITH THEIR MEXICAN COUNTERPARTS IN WASHINGTON TO EXAMINE PROGRESS. 

CROP COMMENTS
LET'S CHECK IN WITH MIKE HOFFMAN WITH YOUR FIRST LOOK AT WEATHER, MIKE. GOOD MORNING, CLINTON.  KERRY BALDWIN OVER IN EASTERN NORTH DAKOTA HAS A CO-PILOT WITH HIM IN THE PLANTER, THAT'S HIS GRAND DAUGHTER, FLORENCE! USDA SAYS FARMERS IN THE STATE ARE RUNNING BEHIND SCHEDULE WITH PLANTING. 35 PERCENT OF CORN ACRES AND 12 PERCENT OF SOYBEAN ACRES  HAVE BEEN PLANTED IN NORTH DAKOTA, BOTH BEHIND THE 5-YEAR AVERAGE.  AND TAKING A LOOK AT THE WIND SPEED FORECAST AS WE LOOK AT TODAY IT'S MAINLY IN THE GREAT  LAKES INTO THE NORTHERN PLAINS AS WE START THE DAY IT DOES GET A LITTLE WINDY OR IN THE  SOUTHWESTERN PLAINS FROM KANSAS IN THE TEXAS AS WE HEAD THROUGH THE AFTERNOON TOMORROW MORNING THEN WE'LL START WINDY MAINLY IN THE PLAINS STATES ESPECIALLY THE NORTHERN PLAINS AND  IT WILL OBVIOUSLY GET WINDY AS THE DAY GOES ON IN THOSE PARTS OF THE COUNTRY. WE'LL HAVE YOUR  FORECAST COMING UP IN A FEW MINUTES. BUT FIRST HERE SOME HOMETOWN TEMPS 

TEASE
NEXT IN AGRIBUSINESS WE LOOK AT THE CATTLE MARKET - WITH THE GRILLING  SEASON UPON US AND STRONG EXPORTS, THE DEMAND PICTURE GIVES US  PLENTY TO CHEW ON. AND LATER, MAKING THE DECISION TO SPOT SPRAY OR SPRAY A WHOLE FIELD  FOR WEED MANAGEMENT. A PRO-TIP FROM FIELD AGRONOMIST MISSY BAUER. YOUR NEXT PIECE OF EQUIPMENT IS ON MACHINERY PETE DOT COM. SEARCH EQUIPMENT FROM DEALERSHIPS ACROSS THE COUNTRY TO FIND WHAT YOU'RE LOOKING FOR. ONLY ON MACHINERY PETE DOT COM. 

FLOOR OF THE CME
IN AGRIBUSINESS IT WAS MIXED DAY DURING THURSDAY'S TRADE. WE'LL GET DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. I KIND OF SEE IT A LITTLE BIT OF PRESSURE COME INTO THE MARKET SPECIFICALLY FOR CORN AND BEANS WHICH I THINK IS TO BE EXPECTED FOR CORN. WE'VE BEEN LOOKING FOR A LITTLE BIT MORE OF A PULLBACK AGAINST SOME OF THESE KEY TECHNICAL RESISTANCE LEVEL FOR DECEMBER NEW CROP FOR 20 I THINK YOU INVITE A LOT OF PRODUCERS TO TAKE SOME RISK OFF THE TABLE ON THE INABILITY TO BREAK OUT ABOVE THERE. NOW AS FAR AS THE SOYBEANS ARE CONCERNED A LITTLE BIT DIFFERENT OF A STORY WE'VE BEEN MAKING LOWER HIGHS AND LOWER LOWS WHICH HAS BEEN RATHER BEARISH AND THAT'S WHY WE'VE SEEN THE MARKET BREAK DOWN BELOW THAT TEN DOLLAR LEVEL FOR JULY. BUT COMING INTO SOME SUPPORT 988 TONIGHT 94 I THINK IS A VALUE OPPORTUNITY. IT WAS NICE TO SEE THE CATTLE MARKET SCATTER A LITTLE BIT OF A BIT. I'M STILL A LITTLE BIT CAUTIOUS CAUTIOUSLY OPTIMISTIC. I LIKE TO SEE THIS RALLY CARRY OVER INTO FRIDAY'S SESSION TO HELP GET SOME MORE MOMENTUM. THIS HAS BEEN OLIVER SLOUP WITH BLUE LINE FUTURES FROM THE FLOOR OF THE CME>

AGRIBUSINESS
THE START OF GRILLING SEASON, STRONG EXPORTS AND GROWING SUPPLIES  ALL MAKING FOR A DYNAMIC CATTLE MARKET. TYNE MORGAN HAS MORE FROM THE AGRIBUISNESS DESK. "HERE NOW WITH NAOMI BLOHOM OF STEWART PETERSON. NAOMI WE KEEP TALKING ABOUT THESE  GROWING CATTLE SUPPLIES. I MEAN THAT'S REALLY TAKEN OVER THE MARKET YET. YOU KNOW THERE'S THIS  BIG DISCREPANCY BETWEEN THE CASH MARKET AND THE PRICE THAT WE HAVE ON THE BOARD. THAT'S KIND OF CONTINUED. WHERE DO. WHERE DO YOU THINK WE GO FROM HERE IN THE VERY SHORT TERM  SIDEWAYS IN PRICING TERMS TO WORKING HIGHER THE FUTURES PRICE IS AT A SUBSTANTIAL DISCOUNT TO  THE CASH MARKET NO DOUBT ABOUT IT. AND I THINK THE TRADERS AND THE SPECTATORS ARE WAITING TO  SEE IF THE CASH MARKET CAN STAY AT THE LEVELS IT'S AT TO CONFIRM THAT THE DEMAND IS AS STRONG AS WHAT WE'RE THINKING IT IS THE CASH MARKET THAT WE'RE HEARING IS AS STRONG AS IT'S DEFINITELY  HIGHER AND THE FUTURES PRICE NEEDS TO COME UP. AND THE ONE THING THAT IS SUPPORTIVE TO THIS  MARKET PLACE TOO IS THAT THE FUNDS ARE NOT REALLY LONG IN THE MARKETPLACE. THEY HAD THEIR LONG  POSITION OF OVER 100000 CONTRACTS AND NOW THEY'RE ONLY LIKE 13000 CONTRACTS LONG. SO IF SOMETHING GETS FRIENDLY FOR THAT MARKETPLACE THEY CAN COME IN AND SUPPORT PRICES HIGHER.  BUT IN THE SHORT TERM THE NEXT PROBABLY TWO TO THREE WEEKS IT'S GOING TO BE MORE OF A  SIDEWAYS TRADE WHERE WE JUST KIND OF GO BACK AND FORTH UNTIL WE GET THE CONFIRMATION OF DEMAND. SO LOOKING AFTER THAT TWO OR THREE WEEKS YOU KNOW WE'VE SEEN THESE AMAZING  EXPORT FOR BOTH PORK AND BEEF I MEAN HITTING THE NEW VALUE RECORD IN MARCH ON ON ON BEEF  EXPORTS BUT LOOKING AT DOMESTIC DEMAND DO WE JUST NEED DOMESTIC DEMAND TO KEEP PACE WITH LAST YEAR OR DO WE NEED IT TO GROW. I WOULD SAY KEEP PACE AND GROWTH DOESN'T HURT A  DARN THING AT ALL. SO AS LONG AS IT CAN KEEP PACE AND THERE ARE SOME THAT ARE STARTING TO SAY  WELL GAS PRICES ARE GOING HIGHER BUT I DON'T THINK IT'S GOING TO HIT THE CONSUMER YET THE CONSUMERS HAS AN APPETITE FOR BEEF IT HAS AN APPETITE FOR PROTEIN AND I THINK THAT DEMAND  STAYS STRONG AND IF IT WOULD JUST WARM UP WE CAN GET THOSE GIRLS GOING AND WE'LL SEE SOME  HOLIDAY DEMAND WITH MEMORIAL WEEKEND COMING IN AND FOURTH OF JULY SO THAT SHOULD SUPPORT THE MARKET PLACE AS WELL. ALL RIGHT. NAOMI BLOOM THANK YOU SO MUCH FOR JOINING US.  WE APPRECIATE IT. WE'LL TAKE A BREAK AND THEN WE'LL HAVE A CHECK OF WEATHER HERE ON AGDAY.”

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN LOOKING AT THE DROUGHT  MONITOR AND MIKE WE CONTINUE TO SEE THAT DROUGHT OVER THE FOUR CORNERS AREA. BUT BOY IS IT  GROWING INTO SOUTHERN IOWA MISSOURI AND THAT'S A CONCERN. WE'VE BEEN TALKING ABOUT THAT FOR  A WHILE. WE DO NEED SOME RAIN IN THAT AREA IT HAS IMPROVED SLIGHTLY. IF YOU WANT TO SAY THAT PARTS OF TEXAS AND OKLAHOMA. LET'S GO BACK A MONTH AND YOU CAN SEE HOW THINGS WERE  ALREADY PRETTY BAD IN TEXAS WESTERN OKLAHOMA SOUTHWESTERN KANSAS AND A LITTLE BIT ON UP INTO THE MISSOURI AREA. BUT THEN YOU CAN SEE HOW THINGS HAVE GOTTEN A LITTLE BIT WORSE JUST A  LITTLE ON UP IN THE NORTHERN MISSOURI SOUTHERN IOWA AND RIGHT AT THE LAST SECOND. WATCH HOW  THIS EXTREME DROUGHT AREA KIND OF BREAKS UP. THERE ARE OBVIOUSLY SOME SPOTTY THUNDERSTORMS RIGHT THERE IN A FEW SPOTS BUT YOU'RE STILL IN AN EXTREME DROUGHT. I'M SURE THIS  WILL IMPROVE IN THE SOUTHEAST AS WE GO INTO NEXT WEEK AS HAVE ALL THE RAIN YOU'VE HAD AND  THERE'S STILL MORE THIS TROPICAL STORM. IT WAS NEVER A TROPICAL STORM TROPICAL LIKE SYSTEM HAS A  LOT OF MOISTURE WITH IT AND IT'S GOING FARTHER NORTH THAN WE HAD ORIGINALLY THOUGHT. SO WE'RE  GOING TO SEE THIS MOVE INTO THE LOWER GREAT LAKES AREAS THAT DON'T NEED THE RAIN IN ANY WAY SHAPE OR FORM. SOUTHEAST CONTINUES TO GET THOSE MAINLY AFTERNOON SHOWERS AND  THUNDERSTORMS. COUPLE OF SYSTEMS NORTHERN PLAINS INTO THE NORTHERN ROCKIES WITH SOME  AREAS OF RAIN AS WELL HEADING THROUGH TOMORROW MORNING THEN YOU CAN SEE HOW THE. YOU KNOW THESE ARE ALL NORTH OF THAT DROUGHT AREA THAT IT'S BEEN TYPICAL OVER THE PAST SEVERAL  MONTHS WHERE A WYOMING INTO THE DAKOTAS AND NEBRASKA GET RAIN BUT YOU DON'T FARTHER  SOUTH. AND FOR THE MOST PART THAT'S GOING TO BE THE CASE AGAIN AS YOU CAN SEE THIS FRONT WILL  COME THROUGH DRY IN MOST AREAS TILL HE GETS EAST OF THE DROUGHT AREAS AND WE'LL SEE SOME SPOTTY SHOWERS AND STORMS. MOST OF IT'S GOING TO BE FARTHER NORTH OF THE LOW PRESSURE AND THE  REMNANTS OF THAT TROPICAL LIKE SYSTEM INTO THE CENTRAL GREAT LAKES BY THE MIDDLE OF THIS COMING WEEKEND. AND TAKE A LOOK AT PRECIPITATION ESTIMATE PAST 24 HOURS FAIR AMOUNT OF IT.  MID-ATLANTIC DOWN INTO FLORIDA BACK INTO THE TENNESSEE NORTHEAST ARKANSAS SOUTHEASTERN  MISSOURI AREA AGAIN THE DROUGHT AREAS IN BETWEEN EVERYTHING RIGHT THERE SOUTHERN IOWA NORTHERN MISSOURI UNFORTUNATELY BUT THERE'S A LOT OF MOISTURE OFF TO THE EAST AND ALSO WEST  WITH THAT SYSTEM COMING OUT OF THE ROCKIES. HIGHS TODAY PRETTY HOT OUT SOUTHERN PLAINS WARM  INTO THE NORTHERN PLAINS AND WARM THROUGHOUT THE OHIO VALLEY ALTHOUGH YOU WILL HAVE A LOT OF CLOUDS LOWS TONIGHT GOING TO BE LOTS OF 50S AND EVEN 60S THROUGHOUT THE CORN BELT. MUGGY IN  THE SOUTHEAST NOW WILL CONTINUE TOMORROW. TURN A LITTLE BIT CHILLIER THOUGH BEHIND THOSE FRONTS  IN THE NORTHERN ROCKIES NORTHWESTERN PLAINS. THERE'S A JET STREAMING SEE THE LITTLE RIPPLE  THERE THAT IS THAT TROPICAL LIKE SYSTEM FOLDS INTO THE MAIN FLOW. NOW WE SEE A CUT OFF IN THE SOUTHWEST FOR A WHILE. THERE WERE THE RIDGE BUILDING IN TO THE GREAT LAKES BY THE LATTER PART  OF NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS.  WE HAD TO CASPER WYOMING FIRST OF ALL PARTLY SUNNY AND COOLER COULD BE A THUNDERSTORM IN  SPOTS HIGH OF 63. EVANSVILLE INDIANA VARIABLY CLOUDY A SHOWER THUNDERSTORM POSSIBLE HIGH OF 78 IN ALBANY NEW YORK A MIXTURE OF SUN SHINING CLOUDS A LITTLE COOLER HIGH 67.

TEASE
DO YOU SPOT SPRAY WEEDS, OR TAKE ON THE WHOLE FIELD? AGRONOMIST MISSY BAUER HELPS US MAKE THAT DECISION NEXT ON FARM JOURNAL COLLEGE TV.AND LATER, SCIENTISTS ARE MAKING MAJOR ADVANCEMENTS UNLOCKING A PLANT'S BIOLOGY.WE'LL LOOK AT THE LATEST EXAMPLES ON FARM SENSE.

FARM JOURNAL COLLEGE TV
ONCE THAT FIELD GETS PLANTED, WEED MANAGEMENT IS THE NEXT CHALLENGE  FOR FARMERS UNTIL THE CANOPY CLOSES.  MISSY BAUER SHARES HER THOUGHTS ON DECIDING WHETHER TO SPOT SPRAY  OR TREAT THE WHOLE FIELD. YOU KNOW WEED BREAKTHROUGH COULD BE THAT I JUST GOT TO COME OUT HERE AND I'VE GOT A BAD  SPOT LIKE I DO HERE. I JUST NEED A SPOT SPRAY RIGHT. OR DO I ACTUALLY GOT ENOUGH WEEDS COME  AND SCATTERED THROUGHOUT THE WHOLE FIELD THAT I'VE GOT SOME HEAVY SPOTS. BUT ACTUALLY THE WHOLE FIELD NEEDS TREATED. OK. SO THAT'S PART OF THAT EARLY SEASON WE'RE COMING OUT HERE TO  DO THAT SCOUTING ONE OF THE FIRST THINGS WE'RE LOOKING FOR IS DO I HAVE ANY WINDBREAKS THIS FIELD  ACTUALLY HAS ITS FULL RATE OF HERBICIDE ON IT ALREADY AND SO WE DEFINITELY HAVE A BREAKTHROUGH  ISSUE HERE WHETHER IT WAS A LITTLE BIT OF A MIXING OR AGITATION PROBLEM OR SOMETHING WENT WRONG IN THIS FIELD. OKAY. AND SO THE IMPORTANT THING HERE THOSE WEEDS WILL EAT INTO OUR  PROFITS. WE'LL START THERE I GUESS. EXACTLY. SO WE NEED TO EVALUATE IS THERE ENOUGH PRESSURE  OUT HERE TO WARRANT THE SPRAY. WELL IT'S PRETTY EASY WHEN YOU LOOK AT THIS OBVIOUSLY IN THIS  AREA THIS NEEDS TO BE REALLY SPRAYED. BUT AS YOU LOOK OUT AT THE REST THE FIELD IS THERE ARE ENOUGH AND THEN THAT'S JUST GOING TO BE A JUDGMENT CALL. OKAY. ONE THING YOU WANT TO KEEP IN MIND ON THE WEEDS THEMSELVES IF YOU'VE GOT IN THIS CASE IT'S GRASS THAT'S BREAKING THROUGH  IF YOU'VE GOT A LOT OF REALLY SMALL GRASS SO LESS THAN AN INCH TALL GRASS. OKAY DIG THOSE UP AND  SEE IF IT'S ACTUALLY STARTING TO DIE BECAUSE SOME A LOT OF HERBICIDES GET WHAT THEY CALL A KIND OF  A RECHARGE AFTER WE GET A LITTLE BIT OF RAIN. SURE WE CAN ACTUALLY REACH BACK BASICALLY AND STILL  KILL THE WEED. SO IN THIS CASE THE SYSTEMS ARE DEAD HERE THE LEAVES ARE ALREADY STARTING TO  BROWN OUT. THIS MORE AND LIKELY IS GOING TO GET TAKEN OUT LOCATING BACK BUT WE HAVE A LOT OF  OTHER GRASS OUT HERE LITTLE BIT BIGGER. IT'S A LITTLE BIT BIGGER WHEN I DIG IT UP. THE ROOTS ARE VERY  WHITE APPEAR THE NEW ROOTS ARE ACTUALLY COMING OUT. SO THIS TELLS ME IT'S GOING TO KEEP ON  COMING. OKAY SO IN THIS CASE IN THIS FIELD IF WE LOOK OVER HERE RIGHT FROM THE SPOT THAT WE KNOW IS REALLY BAD WE STILL HAVE A LOT OF SCATTERED GRASS THROUGH HERE AND I BELIEVE WE'VE GOT  ENOUGH SCATTERED GRASS THROUGH HERE THAT WE ACTUALLY DO NEED TO TREAT THIS HOME FIELD. OK  COME BACK AND GET IT AGAIN. EXACTLY ONE OF THE BEST WAYS TO LOOK AT THE WHOLE FIELD QUICKLY  AND SMALL CORN LIKE THIS IS TO COME OUT WITH AN ATV FOUR WHEELER OR SOMETHING LIKE THAT AND YOU COULD ACTUALLY MAKE PASSES UP AND DOWN THE FIELD. THAT GIVES YOU A BETTER APPRECIATION.  SURE IT'S HARD TO TELL I MEAN YOU CAN SEE THAT SPOT FROM THE ROAD. BUT BEYOND THAT I DON'T  KNOW WHAT I GOT OUT HERE WITH THIS SCATTERED SMALL GRASS OR I'VE GOT A SPOT SPRAY OR WHO THE.

TEASE
WHEN WE COME BACK, THE NEXT WAVE OF BIO-ADVANCEMENTS ARE COMING. A  FRESH FARM SENSE NEXT. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE. VISIT KUBOTA.COM TODAY. THERE'S NO MORE DIRE STORY IN AGRICULTURE THAN THE FIGHT AGAINST  CITRUS GREENING IN FLORIDA. ONCE THE NATION'S LARGEST CITRUS INDUSTRY, THE STATE HAS SEEN  PRODUCTION FALL BY MORE THAN 70 PERCENT. MILLIONS OF DOLLARS IN RESEARCH MONEY HAS BEEN SPENT LOOKING FOR A  SOLUTION AND JUST LAST MONTH A REPORT CAME OUT SAYING -- A SILVER  BULLET CURE IS EXTREMELY UNLIKELY. WELL TODAY-- THERE'S HOPE-- USDA RELEASING THE REVIEW OF A GENETICALLY  ENGINEERED VIRUS THAT FIGHTS THE GREENING DISEASE.  APHIS SAYS ITS MODIFIED TO PRODUCE PROTEINS FROM SPINACH -- HELPING TO  PREVENT GREENING...AND WON'T HARM THE ENVIRONMENT OR POSE A THREAT  TO HUMAN HEALTH. IT SEEMS LIKE THE PLANT BASED BIO-TECH INDUSTRY IS POISED FOR MORE OF  THESE MAJOR DISCOVERIES.  JUST IN THE LAST WEEK, I'VE READ ABOUT POTENTIAL BREAKTHROUGHS FOR  CACAO TREES IN THEIR FIGHT AGAINST FUNGAL AND PLANT DISEASES  CURRENTLY KILLING UP TO A THIRD OF COCOA PODS. NEW CRISPR TECHNOLOGY IS BEING USED TO KNOCK OUT A GENE THAT MADE  THE PLANTS VULNERABLE IMPROVING DISEASE RESISTANCE. OR A NEW ANNOUNCEMENT BY BECK'S HYBRIDS AND BENSON HILL BIOSYSTEMS TO SOON START SELLING SEEDS WITH A FIRST EVER -- PHOTOSYNTHETIC  EFFICIENCY TRAIT-- ALLOWING PLANTS TO BETTER UTILIZE SUNLIGHT...WHICH  THEY SAY WILL HELP INCREASE YIELDS AND PROFITABILITY. THIS IS JUST A COUPLE OF DAYS WORTH OF MAJOR NEWS STORIES...AS  TECHNOLOGY AND UNDERSTANDING OF THE BIOLOGICAL WORLD IMPROVES, IT'S  NO DOUBT WE'LL SEE MORE OF THESE TYPES OF ANNOUNCEMENTS... AMERICA  AND THE WORLD'S FARM STAKEHOLDERS WILL CONTINUE TO PUSH TO SOLVE  CRISES... LIKE IT DID WITH THE POTATO BLIGHTS OR BOLL WEEVIL OF THE PAST,  SCIENTISTS ARE POISED TO UNLOCK AND UNLEASH THE NATURAL WORLD'S  DEFENSES IN WAY WE'VE NEVER SEEN OR SCARCELY COULD IMAGINE.  EXCITING TIMES IN AGRICULTURE. 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. 

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