AgDay Daily Recap -October 17, 2017

October 17, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
OCTOBER 17, 2017


HEADLINES
CAN HARVEST CATCH UP-- THE LATEST CROP PROGRESS IS OUT FROM USDA. PLUS, DROUGHT DIDN'T SEEM TO HURT THE SUNFLOWER CROP IN NORTH  DAKOTA. IN AGRIBUSINESS..OUTSIDE MARKET INFLUENCE. A DAIRY REPORT LOOKING AT PRICE AND PRODUCTION FORECASTS. AND NEW HIGH TECH WEATHER TOOLS ARE HELPING FORECASTERS KEEP AN  EYE ON THE WORLDS MOST DANGEROUS STORMS. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY. GOOD MORNING I'M CLINTON GRIFFITHS.

CROP PROGRESS
SOGGY WET WEATHER PUTTING HARVEST IN SLOW MOTION...LAST WEEK. USDA ROLLING OUT AN UPDATE ON CROP PROGRESS MONDAY. WHILE MINNESOTA WAS THE GARDEN SPOT ALL SUMMER LONG - AS FAR AS  CONDITION - IT'S NOW THE LEADER IN HARVEST DELAYS. USDA SAYS JUST SEVEN PERCENT OF THE STATE'S CORN HAS BEEN HARVESTED,  31-POINTS BEHIND AVERAGE. AND SOYBEANS DON'T LOOK ANY BETTER - NOW 37 POINTS BEHIND THE FIVE  YEAR AVERAGE. OVERALL CORN HARVEST IN THE COUNTRY IS 19 POINTS OFF THE AVERAGE PACE  WITH LESS THAN A THIRD PICKED. IN ADDITION TO MINNESOTA'S BIG DELAYS, IOWA IS 28 POINTS BEHIND. SOYBEAN HARVEST IS ABOUT AT THE HALF WAY POINT, BUT IT'S ELEVEN POINTS  BEHIND. JOINING MINNESOTA WITH BIG DELAYS IS IOWA AND NEBRASKA WHICH ARE BOTH  34 POINTS BEHIND. AND GLANCING AT WINTER WHEAT - FARMERS ARE DELAYED GETTING SEED IN THE GROUND. KANSAS IS 33 POINTS BEHIND.

I-80 PREVIEW
BETSY JIBBEN IS IN NEBRASKA THIS WEEK FOR OUR I-80 HARVEST TOUR. SHE HAS A PREVIEW OF HER STORY FROM THE CORN HUSKER STATE. FARMERS IN NEBRASKA SAY THEY'RE USUALLY IN THE MIDDLE OF HARVESTING CORN RIGHT NOW. BUT FOR  THIS TIME IN OCTOBER THEY'RE JUST NOW STARTING TO CUT BEANS WERE PUSHING PROBABLY CLOSE TO  EIGHT INCHES OF RAIN AND TWO AND A HALF OF THAT COME IN ABOUT 24 HOURS. JUST A COUPLE OF DAYS  AGO I'M GOING TO SAY BEANS WE'RE PROBABLY UNDER 5 PERCENT HARVESTED HERE. THERE IS  ABSOLUTELY NO CORN THAT'S BEEN TAKEN. YOU KNOW I'VE GOT 10 TO 14 DAYS OF BEANS IN FRONT OF  ME. SO IT'S GETTING WORSE. IT BRINGS BACK HORRIBLE MEMORIES OF 09, 09 WE HAD BEANS AND  SNOW ON THE BEANS AND WHEN WE WERE OUT IN THE FIELD WE DIDN'T START HARVESTING CORN TILL THE  FIRST WEEK OF NOVEMBER.  SUNFLOWER GROWERS HAVE STRUGGLED TO GET ANY TRACTION WITH THAT  HARVEST. OF THE TOP FOUR SUNFLOWER GROWING STATES, ALL FOUR WERE  RUNNING BEHIND AVERAGE.

NORTH DAKOTA DROUGHT
IN NORTH DAKOTA  THIS SUMMER'S DROUGHT DOES NOT APPEAR TO HAVE HAD  MUCH OF AN IMPACT ON EARLY ACRES BEING CUT. CLIFF NAYLOR FROM AFFILIATE KFYR REPORTS ON HOW THE LATE SEASON ROW  CROP WEATHERED THIS YEAR'S DRY CONDITIONS. A FEW INCHES OF TIMELY RAINS IN AUGUST SAVED THESE SEEDS.  CLARK COLEMAN, BURLEIGH COUNTY FARMER:  "THE SUNFLOWER CROP IS REALLY A BIG SURPRISE, BEST  SUNFLOWER CROP WE'VE EVER RAISED." CLARK COLEMAN SAYS HE NEVER IMAGINED HE WOULD BE SEEING YIELDS OF 24-35 HUNDRED POUNDS  PER ACRE. CLARK COLEMAN, BURLEIGH COUNTY FARMER:  "IT'S KIND'A ONE OF THOSE STORIES, PERFECT RAIN AT THE PERFECT TIME AND THEY DID REALLY WELL. BACK AT THE END OF JULY, 45-PERCENT OF THE NORTH DAKOTA SUNFLOWER CROP WAS RATED POOR TO  VERY POOR.  BELOW AVERAGE PRECIPITATION IN MAY, JUNE, AND JULY, COMBINED WITH SEVERE,  EXTREME, AND EXCEPTIONAL DROUGHT CONDITIONS WERE DESTROYING IT. JOHN SANDBAKKEN, NATIONAL SUNFLOWER ASSOCIATION:  THE RAIN WE HAD IN AUGUST REALLY MADE  A DIFFERENCE.  THE PLANTS ARE GOING TO BE SHORTER THIS YEAR, BUT HEAD SIZE IS NORMAL TO A LITTLE  BIT ABOVE NORMAL I WOULD SAY IN MOST CASES. CLARK COLEMAN FARMS WITH HIS BROTHER CURT.  THEY SAY SIX TO SEVEN INCHES OF RAIN FELL ON HIS  SUNFLOWERS IN AUGUST. OTHER AREAS OF THE STATE RECEIVED TWO TO FIVE INCHES, AND FARMERS ARE  NOW REAPING THE BENEFITS OF THAT MOISTURE. CLARK COLEMAN:  THE HEADS ARE THE PERFECT SIZE AND UNIFORM AND REALLY NICE CROP.  ACTUALLY  THE QUALITY IS REALLY GOOD TOO. NORTH DAKOTA FARMERS PLANTED HALF-A-MILLION ACRES OF SUNFLOWERS THIS YEAR.  COLEMAN SAYS IF  HE HAD KNOWN IN MAY WHAT HE KNOWS NOW, HE WOULD HAVE PLANTED A LOT MORE. JOHN SANBAKKEN:  SUNFLOWER IS A VERY DROUGHT RESISTANT CROP AND THIS YEAR IS A YEAR WHERE IT  REALLY PROVED THAT. THIS YEAR'S SUNFLOWER HARVEST SHOULD WRAP UP THE FIRST WEEK OF NOVEMBER, WEATHER  PERMITTING. I'M CLIFF NAYLOR REPORTING FOR AGDAY.  ) NORTH DAKOTA'S DROUGHT IS SLOWLY DISAPPEARING. LAST WEEK'S DROUGHT MONITOR SHOWING 28-PERCENT OF THE STATE IS NOW  DROUGHT FREE. TWO PERCENT IS STILL IN EXTREME DROUGHT. BUT BACK IN  JULY 35-PERCENT OF THE STATE WAS IN EXTREME DROUGHT.

LOCK AND DAM 52 OPENS
ON THE INFRASTRUCTURE SIDE-- LOCK AND DAM 52 IS NOW OPEN ON THE OHIO  RIVER. IT SHUT DOWN FOR NEARLY A WEEK BECAUSE OF RISING RIVER LEVELS. THIS IS THE SAME LOCK THAT SHUT DOWN IN EARLY SEPTEMBER BECAUSE OF  UNSCHEDULED MAINTENANCE. ON MONDAY THE BACK UP INCLUDED NEARLY 60 VESSELS AND MORE THAN 650  BARGES STRETCHING 20 MILES LONG. 

BASF, BAYER UPDATE
NOW THAT BASF ANNOUNCED ITS INTENTIONS TO BUY SEED ASSETS FROM  BAYER, WHAT IMPACT WILL THAT HAVE ON THE INDUSTRY AS A WHOLE? BAYER AGREED TO SELL AN IMPORTANT PART OF ITS CROP SCIENCE BUSINESS  FOR ABOUT SEVEN BILLION DOLLARS. THE DEAL INCLUDES BAYER'S LIBERTYLINK BUSINESSES AND THE CANOLA,  COTTTON AND SOYBEAN SEED OPERATIONS. DIVESTING THE SEED TECHNOLOGY ALLOWS BAYER AND MONSANTO TO MOVE  CLOSER TO ITS MERGER.  THE COMPANIES ARE STILL AWAITING APPROVAL FROM OTHER COUNTRIES.  SELLING THE SEED TECH TO BASF HELPS ALLEVIATE COMPETITION FEARS. ALLAN GRAY FROM PURDUE UNIVERSITY'S 'CENTER FOR FOOD AND  AGRICULTURAL BUSINESS' EXPLAINS THE RAMIFICATIONS OF THE DEAL - WHICH  MUST ALSO RECEIVE REGULATORY APPROVAL. "NOT LIKELY BE NEARLY AS HIGHLY SCRUTINIZED AS MANY OF THE BIGGER MERGERS HAVE GONE ON  BECAUSE THIS IS SIMPLY AN ASSET SALE RATHER THAN A MERGER. BUT NONETHELESS IS A SIGNIFICANT  ONE IN SOME MARKETS CAN BE PRETTY SIGNIFICANT. ONE OF THE THINGS THAT WAS NOT CLEAR EARLY ON  WAS BASF WAS ONE OF THE MAJOR AG CHEMICALS SUPPLIERS THAT REALLY DIDN'T HAVE ANY  SIGNIFICANT PLAY IN THE SEED INDUSTRY AND WOULD THEY BECOME PART OF THE SEED INDUSTRY OR NOT.  OBVIOUSLY THE OTHER MERGERS PARTICULARLY DOW DUPONT AND BAYER MONSANTO SHOW US THAT AT  LEAST AT THE MOMENT CHEMICAL COMPANIES WANT A SEED PORTFOLIO AS PART OF WHAT THEY'RE  BRINGING TO THE MARKETPLACE TO SORT OF BRING THAT WHOLE PACKAGE. " BASF WILL TAKE ON 18-HUNDRED ADDITIONAL EMPLOYEES AND WILL GAIN  RELEVANT INTELLECTUAL PROPERTY AND FACILITIES. BE SURE TO READ MORE ABOUT THE BASF DEAL ON AGWEB-DOT-COM.

CROP COMMENTS
MIKE HOFFMAN IS BACK IN THE WEATHER CENTER TODAY. HE JOINS US WITH TODAY'S CROP COMMENTS. WELCOME BACK MIKE.

TEASE
WHEN WE  COME BACK WE'LL TALK ABOUT SOME OF THE OUTSIDE INFLUENCES  ON OUR COMMODITY MARKETS. AND LATER, WE'RE HEADED ACROSS THE ATLANTIC TO AN EXPO DEDICATED TO  FUTURE TECHNOLOGY FOR TRACKING THE WORLD'S MOST DANGEROUS STORMS. INSTINCT AND N-SERVE NITROGEN STABILIZERS DON'T JUST STABILIZE NITROGEN, THEY MAXIMIZE IT - SO  CORN CROPS GIE THE MAX IN RETURN.  LEARN MORE AT MAXINMAXOUT.COM.

FLOOR OF THE CME
IN AGRIBUSINESS MAJOR COMMODITIES GETTING OFF TO SLOW START THIS  WEEK. LETS GET DETAILS FROM OUR FRIENDS ON THE FLOOR. HI IT'S BEEN A LOWER DAY IN THE GRAIN MARKETS AND IT'S REALLY BEEN THE SOY COMPLEX THE STEAK  AND THE BIG HEAD SO FAR HERE TODAY TRADE REACTING TO IMPROVING WEATHER FORECAST THIS WEEK AFTER SOME VERY HEAVY RAINS THROUGH CHUNKS OF THE MIDWEST OVER THE WEEKEND. BUT THE  PRODUCER HAS BEEN HARVESTING SOYBEANS AND LEAVING SO FAR NOW IN THE FIELD THE CORN  MOISTURE LEVELS ARE A LITTLE HIGH. SO THEY'VE BEEN HARVESTING SOYBEANS AND DELIVERING ON  SOME CONTRACTS NOT REALLY DOING TOO MUCH NEW SELLING BUT IF THEY ARE GOING TO SELL SOMETHING  IT WILL BE IN THE SOYBEANS EXPORT INSPECTIONS REALLY BELOW EXPECTATIONS FOR CORN AND WHEAT  NOT HELPING THOSE MARKETS OUT AT OR ABOVE EXPECTATIONS FOR SOYBEANS BUT SOYBEANS GOT  SOME BAD NEWS WITH THE NO PROGRESS DATA HERE FOR SEPTEMBER. THAT WAS BELOW TRADE  EXPECTATIONS. THANKS VERY MUCH. THIS IS JACK'S SCOVILLE I'M VICE PRESIDENT PRICE FUTURES  GROUP HERE ON THE CME GROUP FLOOR WITH SOME COMMENTS FOR THE MARKETS. 

AGRIBUSINESS
NAOMI BLOHM WITH STEWART PETERSON OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. LET'S  TALK ABOUT THESE OUTSIDE MARKET YOU KNOW CRUDE HAS FOUND SOME STRENGTH. THE DOLLAR IS  WEAKER LAST WEEK. AND THEN YOU KNOW WE'VE WE'VE GOT SOME EXPORT STUFF THAT WE'RE STARTING  TO WONDER ABOUT. WHAT ARE YOU WATCHING IN THAT MIX TO KIND OF GIVE YOU SOME INDICATORS  ABOUT COMMODITY. YEAH KEEPING AN EYE ACTUALLY ON ALL OF THEM EVERY DAY RIGHT NOW I THINK  THAT'S GOING TO BE ONE OF THE MAIN MEANS OF MOVEMENT FOR COMMODITIES IN GENERAL FOR  AGRICULTURAL COMMODITIES THESE OUTSIDE MARKETS BECAUSE WHEN THE FUNDS COME IN AND BUY  THEY LIKE TO BUY BUSHEL BASKETS OF COMMODITIES. SO WHEN THE DOLLAR IS LOWER THAT'S REALLY  GREAT FOR EXPORTS AND THE DOLLAR HAS GOTTEN ALL THE WAY DOWN TO 91. AND WE SAW JUST A RECENT  BUMP UP HERE. BUT WHERE IT GOT UP TO WAS SOME SHORT TERM OVERHEAD RESISTANCE AT 94  LOOKING FOR THAT TO STAY BETWEEN 91 AND 94 FOR PROBABLY A FEW MORE WEEKS UNTIL WE GET A  BETTER IDEA OF THE FED IS GOING TO BE RAISING INTEREST RATES OR NOT. SO IN ADDITION TO THE DOLLAR  KEEPING AN EYE ON CRUDE OIL. AND THE REASON THAT'S IMPORTANT IS BECAUSE OPEC HAS BEEN  DOING A GOOD JOB COLLECTIVELY OF BEHAVING AND EVERYBODY IS COOPERATING AND CUTTING  PRODUCTION. SO WE ARE IN THE UNITED STATES WE ARE INCREASING PRODUCTION. SO WE'VE SEEN  CRUDE OIL STABILIZE BECAUSE PRODUCTION OVERALL IS STABILIZING BUT THE GREAT THING ABOUT CRUDE OIL  RIGHT NOW FOR DEMAND IS THAT CHINA DEMAND HAS BEEN INCREASING SUBSTANTIALLY. AND IN FACT  THEY HAD A RECORD IMPORT THEY'RE IMPORTING CLOSE TO 8.5 MILLION BARRELS A DAY. SO THAT'S JUST  REALLY HELPING WITH THE SURPLUS OF SUPPLIES THAT ARE OUT THERE RIGHT NOW. CRUDE OIL CAN  CONTINUE TO WORK HIGHER THAN OF COURSE AND THAT WILL FALL INTO CORN BECAUSE OF COURSE A THIRD  OF THE VALUE OF CORN ETHANOL AND AN ENERGY TIED INTO CRUDE OIL. SO I WANT TO KEEP AN EYE ON  THE CRUDE OIL MARKETS THE DOLLAR THOSE OTHER OUTSIDE MARKETS BECAUSE THEY ARE GOING TO ALSO  BE A FACTOR AS WE CLOSE OUT 2017 AND HEAD INTO 2018. ALL RIGHT BE SOMETHING TO WATCH AND IT'S  INTERESTING HOW ALL THOSE PLAY TOGETHER AND I THINK YOU'RE EXACTLY RIGHT. THESE OUTSIDE FUNDS  REALLY LIKE TO COME IN AND LOOK AT COMMODITIES AS A WHOLE. YEAH. AND SO THAT CAN ONLY AG  OVERALL. NAOMI THANK YOU FOR BEING HERE. WE'LL BE BACK MORE AGDAY IN JUST A MINUTE  AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL.

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY KAWASAKI AND THE NEW MULE PRO-FXR™ SIDE X  SIDE. RIDE LIKE A BOSS WITH HIGH-END STYLING AND RUGGED CAPABILITY. ) WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN LOOKING AT THE WEATHER MAP  THIS WEEK MIKE AND FOR ONCE IT LOOKS PRETTY CLEAR THROUGH MOST OF THE COUNTRY I THINK I  COULD'VE STAYED HOME TODAY. NOT A WHOLE LOT GOING ON. THREE AREAS OF HIGH PRESSURE  OBVIOUSLY. OBVIOUSLY THERE ARE SOME AREAS THAT ARE GOING TO GET A LITTLE BIT OF MOISTURE.  FLORIDA BEING ONE OF THEM WITH A STATIONARY FRONT ACROSS THE SOUTHERN PART OF THAT STATE AND  THE PACIFIC NORTHWEST WITH A COLD FRONT COMING IN GIVING SOME MAINLY RAIN BUT A FEW OF THE  HIGHEST ELEVATIONS GETTING SOME SNOW MAYBE A COUPLE OF SHOWERS IN THE FAR NORTHERN AND  EASTERN PORTIONS OF THE GREAT LAKES AND PUTTING THE MAPS INTO MOTION. STILL NOT A LOT GOING  ON. LOOK AT ALL THE SUNSHINE. YOU JUST DON'T SEE THIS VERY OFTEN ESPECIALLY THIS TIME OF THE YEAR  WHEN THINGS ARE USUALLY CHANGING A LITTLE BIT. BUT YOU'LL CONTINUE TO SEE THOSE SCATTERED  SHOWERS AND THUNDERSTORMS IN FLORIDA THIS AFTERNOON. MOST OF THOSE. ONE OR TWO SPOTS TO GET  A SHOWER THIS MORNING IN THE GREAT LAKES THAT'S MOVING EAST. AND THAT SYSTEM IN THE  NORTHWEST CONTINUES TO COME IN. WE ALSO HAVE A WEAK AREA OF LOW PRESSURE KIND OF UNUSUAL  THERE. COMING INTO CENTRAL AND SOUTHERN CALIFORNIA DOESN'T LOOK LIKE A LOT OF MOISTURE WITH IT.  BUT BY TOMORROW MORNING A FEW SCATTERED SHOWERS COMING INTO THOSE AREAS. AND AS WE  HEAD THROUGH THE DAY TOMORROW. A FAST MOVING COOL FRONT BUT IT'S PACIFIC AIR BEHIND IT. NOT  EXACTLY A REALLY COLD AIR BY ANY STRETCH OF THE IMAGINATION FOR THIS TIME OF THE YEAR. AND  ANOTHER SYSTEM STARTS TO COME INTO WASHINGTON IN THE NORTHERN ROCKIES WITH SOME RAIN AND  MOUNTAIN SNOW ONCE AGAIN. PRECIPITATION ESTIMATES PAST 24 HOURS SOME LIGHT AMOUNTS OF  PARTS OF THE SOUTHEAST COAST INTO FLORIDA AND ALSO A LITTLE BIT IN THE FAR NORTH WESTERN PORTIONS  OF THE COUNTRY WILL ADD SOME MORE IN FLORIDA AND WE'LL ADD SOME MORE IN THE PACIFIC  NORTHWEST AS YOU CAN SEE IN THE NORTHERN ROCKIES. ANYTHING THAT DOES FALL ACROSS THE GREAT  LAKES OR THE NORTHEAST SHOULD BE LESS THAN A TENTH OF AN INCH. MORE THAN LIKELY SNOW FALL  PRETTY MUCH CONFINED TO THE FAR NORTHWEST AND MOST OF THAT'S EVEN GOING TO BE IN WESTERN  CANADA. SOME OF THOSE AREAS PROBABLY ARE GOING TO GET A LOT OF SNOW. SCUSE ME BUT A LITTLE  BIT OF THAT WILL PROBABLY SNEAK ACROSS TO THE U.S. CANADIAN BORDER THERE INTO THE HIGHEST  ELEVATIONS OF THE NORTHERN ROCKIES. HIGHS THIS AFTERNOON VERY WARM FOR THIS TIME OF YEAR 70S  ALL THE WAY UP TO BISMARCK 60S IN THE CENTRAL AND EASTERN OHIO VALLEY NOT BAD THERE HE  CONTINUES ALTHOUGH THAT'S NOT A TYPICAL IN THE DESERT SOUTHWEST. YOU CAN SEE TOMORROW AFTERNOON STILL SOME 70S DOES COOL DOWN A LITTLE BIT IN THE NORTHERN PLAINS BUT PRETTY  COMFORTABLE THERE ACROSS A GOOD CHUNK OF THE LOWER 48 JETSTREAM SHOWING TROUGHS MOVING  WEEKEND IN THE WEST COAST THAT MOVES INTO THE GREAT LAKES BY EARLY NEXT WEEK AND THAT  MAY HAVE SOME CHILLY AIR BEHIND IT FOR THE EASTERN TWO THIRDS OF THE COUNTRY BY THE MIDDLE OF  NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS.  WE'LL HEAD TO SALEM OREGON FIRST OF ALL CLOUDY AND COOL WITH SOME RAIN AT TIMES HIGH  TEMPERATURE AROUND 60 DEGREES. LITTLE ROCK ARKANSAS SUNNY AND VERY NICE HIGH TEMPERATURE  OF 73 THIS AFTERNOON. AND TAKE A LOOK AT AKRON OHIO. LOTS OF SUNSHINE AND COMFORTABLE HIGHS  66. 

TEASE
WE'LL CHECK IN ON THE DAIRY INDUSTRY NEXT ON OUR DAIRY REPORT. INCLUDING THE LATEST PRICE PREDICTIONS FROM USDA. AND LATER THIS HIGH TECH WEATHER GEAR IS HELPING FORECASTERS KEEP A  CLOSE WATCH ON FUTURE STORMS.

DAIRY REPORT
THE DAIRY REPORT ON AGDAY IS BROUGHT TO YOU BY QLF.  FOR 40 YEARS, QLF HAS BEEN PROUD  TO SUPPORT AMERICAN FARMERS THAT FEED THE WORLD.  IN OUR DAIRY REPORT, NAFTA NEGOTIATORS TAKING CANADA'S DAIRY SUPPLY  MANAGEMENT PROGRAM HEAD ON IN THE LATEST ROUND OF TALKS. OVER THE WEEKEND, THE TRADE TEAM DEMANDING ELIMINATING CLASS 7  PRICING...AND CALLING FOR MORE TRANSPARENCY IN PRICING DECISIONS.  TRADE EXPERTS WARN, NAFTA'S FATE MAY NOW HANG ON HOW FLEXIBLE THE  U.S. IS IN THOSE DEMANDS. THE FIFTH ROUND OF TALKS ARE SCHEDULED FOR MEXICO CITY IN EARLY  SPEAKING OF SUPPLIES, THE USDA IS SET TO RELEASE IT'S MONTHLY DAIRY  PRODUCTION REPORT ON FRIDAY. AFTER CONTINUED PRODUCTION GROWTH THIS YEAR, ANALYSTS EXPECT THAT  TO CONTINUE IN SEPTEMBER. MILK PRODUCTION PER COW IS UP THIS YEAR. PERPOUNDS. PRODUCTION IS UP. YOU'VE GOT A LOT OF  THINGS THAT JUST POINT TO A CONTINUATION OF THE SAME EVENT. MORE IMPORTANTLY YOUR WEATHER IN  SEPTEMBER HAS BEEN IDEAL. SO THERE'S THERE'S NO THREAT TO ANY KIND OF STRESS ON THE CATTLE  WITH SEPTEMBER WEATHER.  LAST WEEK, IN USDA'S SUPPLY DEMAND REPORT, THE AGENCY FORECASTING  LOWER MILK PRICES IN 2018. THE REPORT EXPECTS ALL MILK PRICES HOLD STEADY THROUGH THIS YEAR AT  17-75 TO 17-85. WHILE CALLING FOR NEXT YEARS PRICES TO BE SOMEWHERE BETWEEN 17-45  AND 18-35.  2018 MILK PRODUCTION IS EXPECTED TO BE HIGHER ON GROWTH IN MILK PER  COW. COW NUMBERSW WERE FORECAST LOWER.

TEASE
WHEN WE COME BACK, NEW HIGH TECH TOOLS HELPING WEATHER  FORECASTERS KEEP WATCH ON WILD WEATHER.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  SEE THE HARDEST WORKING  TRACTORS IN AG AT KUBOTA.COM.  OR VISIT YOUR LOCAL KUBOTA DEALER  TODAY. NEW TECHNOLOGY IS HELPING TO BETTER PREDICT AND MONITOR EXTREME  WEATHER EVENTS LIKE THIS YEAR'S ATLANTIC HURRICANE SEASON. AS WEATHER GADGETS BECOME MORE SOPHISTICATED, FORECASTERS ARE  INCREASINGLY ABLE TO WARN WHEN BAD STORMS ARE ON THE WAY. WELCOME TO THE THE METEOROLOGICAL TECHNOLOGY WORLD EXPO IN  AMSTERDAM.  NEARLY 180 EXHIBITORS SHOWCASE THEIR LATEST WEATHER FORECASTING AND  OBSERVATION TECHNOLOGY. BOB BARON, CHIEF PRODUCTS OFFICER AT BARON SERVICES: "THIS HAS DEFINITELY BEEN A DYNAMIC HURRICANE SEASON." BARON SERVICES IS DEVELOPING WHAT IT CALLS 'CRITICAL WEATHER  INTELLIGENCE' USING TECHNOLOGIES LIKE RADARS, SATELLITES AND WEATHER  SENSORS TO TRACK REAL-TIME INFORMATION THAT'S INTEGRATED INTO  COMPUTER SOFTWARE. BOB BARON, CHIEF PRODUCTS OFFICER AT BARON SERVICES: "SO INSTEAD OF A DECISION MAKER HAVING TO LOOK AT SEA SURFACE TEMPERATURE AND SAHARAN  DUST LEVELS AND A BUNCH OF DIFFERENT PRODUCTS, WE BOIL THAT DOWN TO A VERY SIMPLE (SYSTEM), A  GREEN MEANS THAT HURRICANE IS GOING TO WEAKEN, YELLOW MEANS THAT HURRICANE IS GOING TO STAY  THE SAME AND RED MEANS THAT HURRICANE IS GOING TO INTENSIFY. SO IT ALLOWS THEM TO SEE OVER A  PERIOD OF TIME AND THE TRACK OF A HURRICANE, HOW THAT HURRICANE IS GOING TO CHANGE." THE UK'S FT TECHNOLOGIES IS SHOWING OFF ITS WEATHER SENSOR SAID TO BE  RESISTANT TO EXTREME WEATHER CONDITIONS. FRED SQUIRE, DIRECTOR OF SALES AND MARKETING AT THE FT TECHNOLOGIES: "SO, THE FT WIND SENSOR'S BIG ADVANTAGE IS ITS ROBUSTNESS AND THEREFORE IT CAN SURVIVE IN  HARSH ENVIRONMENTS AND ALLOW WEATHER FORECASTERS AND METEOROLOGISTS TO HAVE DATA  AVAILABLE NOT ONLY BEFORE MAJOR EVENTS BUT DURING MAJOR EVENTS, WHETHER THOSE ARE TYPHOONS  THAT WE HAVE SEEN RECENTLY IN THE CARIBBEAN OR THE HIGH WIND STORMS WE SEE IN ASIA OR DUST  STORMS THAT WE SEE IN NORTHERN CHINA OR EVEN IN COASTAL AREAS WHERE SALT CORROSION CAN  BADLY AFFECT REMOTE WEATHER STATIONS. " THE USES ACOUSTIC OR ULTRASONIC WAVES THAT RESONATES INSIDE THE  SMALL CAVITY AND MEASURING THE SPEED AND WIND DIRECTION.SWISS-BASED METEOMATICS UNVEILING A METEO-DRONE-- EQUIPPED WITH  WEATHER SENSORS TO COLLECT DATA IN THE FIRST MILE OF THE ATMOSPHERE. CURRENTLY WEATHER BALLOONS ARE THE ONLY WAY TO MEASURE  ATMOSPHERIC CHANGES IN THIS ZONE...BUT THEY'RE EXPENSIVE. MARTIN FENGLER, METEOMATICS CEO: "THE ANALOGY IS QUITE SIMILAR TO A WEATHER BALLOON. WE ARE TAKING DIRECT MEASUREMENT  READINGS, SO-CALLED PROGNOSTIC VARIANTS (WHEREABOUTS) LIKE TEMPERATURE, WIND SPEED, WIND  DIRECTION, AIR PRESSURE AND HUMIDITY AND GO OUT WITH THAT INTO THE SHORT-TERM FORECAST AND CAN  SIGNIFICANTLY IMPROVE FOG FORECAST AND THUNDERSTORM FORECAST." SUCH MODELLING AND WEATHER DATA MAY HELP IN THE FUTURE WHILE THIS YEAR  HOWLING WINDS, DEADLY FLOODS AND FIRE HAVE PUSH DISASTER COSTS TO  NEAR UNPRECEDENTED NUMBERS.  SPEAKING OF TECHNOLOGY -        BE SURE TO JOIN US FOR THE FARM JOURNAL  AGTECH EXPO IN DECEMBER IN  INDIANAPOLIS. PLENTY TO LEARN AND DO. GET  DETAILS AT AGWEB.COM

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. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS.

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