AgDay Daily Recap - July 13, 2017

July 13, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 13, 2017


HEADLINES
GRAINS PLUNGES DOWNWARD AFTER USDA  INCREASES CORN AND SOYBEAN ACRE FORECASTS.  SPRING WHEAT PRODUCTION FALLS FLAT COMPARED TO 2016.  COULD THE U.S. LIVESTOCK SECTOR BE AT A DISADVANTAGE AFTER THE EU AND  JAPAN STRIKE A TRADE DEAL?  AND DRINK UP, SCIENTISTS SAY HAVE THAT SECOND OR THIRD CUP OF COFFEE.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

USDA GRAIN PRODUCTION NUMBERS
GOOD MORNING I'M BETSY JIBBEN. CLINTON GRIFFITHS WILL JOIN US FROM THE  AGRIBUSINESS DESK. GRAIN MARKETS TURNED RED WEDNESDAY AFTER USDA UPDATED ITS FORECAST  ON THE MAJOR U-S GRAINS. USDA PUSHED THE CORN PRODUCTION NUMBERS HIGHER BY 190 MILLION  BUSHELS, NOW COMING IN AT 14-POINT-TWO BILLION BUSHELS. THAT FORECAST  IS SLIGHTLY HIGHER THAN WHAT GRAIN TRADERS EXPECTED. THE YIELD IS UNCHANGED FROM THE 170-POINT-SEVEN BUSHEL ESTIMATE. AND SOYBEAN PRODUCTION NOW COMES IN AT FOUR-POINT-TWO BILLION  BUSHELS - WHICH IS ALSO HIGHER THAN PRE-REPORT ESTIMATES. THE YIELD  ESTIMATE WAS UNCHANGED. THE QUESTION NOW - DOES THE MARKET CARE ABOUT THIS GOVERNMENT DATA? "WELL I THINK IT CARES. BUT YOU KNOW THE BIG PICTURE THE CARRY OUT CHANGES DON'T MATTER IT'S  MORE ABOUT PRODUCTION. SO WITH THE UNCERTAINTY OF THE WEATHER THE NEXT THREE WEEKS WITH  SOME HOT DRY CONDITIONS SKETCHY RAIN FORECAST ESPECIALLY FOR IOWA I THINK IT'S MORE ABOUT THE  WEATHER TEMPERATURE AND RAINFALL OVER THE NEXT THREE WEEKS MORE SO IN THIS REPORT."AS WINTER WHEAT HARVEST STARTS TO RAMP-UP IN THE PACIFIC NORTHWEST, USDA  IS OUT WITH ITS NEWEST WHEAT NUMBERS. ITS ALL-WHEAT PRODUCTION FORECAST EXPECTS ONE-POINT-THREE BILLION  BUSHELS - UP TWO PERCENT FROM LAST MONTH'S ESTIMATE. BUT IT'S STILL A 23- PERCENT DROP FROM LAST YEAR. THE NATIONAL AVERAGE YIELD IS JUST SHY OF 50 (49.7) BUSHELS AN ACRE.  THAT'S SLIGHTLY HIGHER THAN LAST MONTH BUT NEARLY SIX BUSHELS BELOW  LAST YEAR. THE KANSAS WHEAT HARVEST HAS NEARLY WRAPPED-UP. USDA SAYS THE  AVERAGE YIELD HAS PUSHED THREE BUSHELS HIGHER FROM THE JUNE  FORECAST. AND YET OVERALL PRODUCTION HAS DROPPED SIGNIFICANTLY ON A  REDUCTION OF ACRES. STATEWIDE WHEAT PRODUCTION COMING IN AT 324 MILLION BUSHELS DOWN  FROM 467 MILLION LAST YEAR. AND HARVESTED ACRES ARE DOWN MORE THAN A MILLION. THE REPORT SHOWED CORN CARRYOVER RISING MORE THAN ANTICIPATED. 

PROFARMER REACTION
LET'S TURN TO OUR REPORTING PARTNERS AT PROFARMER TO GET THEIR TAKE  ON WEDNESDAY'S REPORTS. "USDA'S JULY SUPPLY AND DEMAND REPORTS DIDN'T GIVE US ANY BULLISH NEWS IN FACT THE CORN  STOCKS FOR BOTH OLD CROP AND NEW CROP CAME IN HIGHER THAN ANTICIPATED AND UP FROM LAST  MONTH THE SOYBEAN STOCKS WHILE THEY WERE DOWN FROM LAST MONTH THEY DIDN'T DROP AS MUCH  AS WHAT THE TRADE WAS ANTICIPATING. AND WHEN YOU COMBINE THAT WITH THE FACT THAT REINS WERE  ROLLING ACROSS PORTIONS OF THE WESTERN CORN BELT AND THE NORTHEASTERN BELT ON JULY 12TH WHEN  THE REPORTS WERE RELEASED IT CREATED A NEGATIVE ATTITUDE IN THE MARKETS AND WE SAW PRICES  PULL BACK SIGNIFICANTLY ESPECIALLY ON THE CORN SIDE. NOW MOVING FORWARD WE NEED TO WATCH  WHAT THE WEATHER IS BECAUSE EVEN THOUGH WE HAD SOME SPOTTY RAINS ROLL ACROSS THE CORN  BELT THIS WEEK, NEXT WEEK'S FORECAST LOOKS LIKE IT'S GOING TO BE HOT DRY ACROSS MOST OF THE  REGION. IF THAT FORECAST MATERIALIZES AND IT IS AS HOT AND DRY AS WHAT'S ANTICIPATED I THINK WE  COULD SEE ANOTHER POP IN THE MARKETPLACE HERE JUST ON WEATHER ALONE. KEEP IN MIND WE'RE  NOW DEEP INTO A WEATHER MARKET AND PRICE ACTION IS LIKELY TO BE VOLATILE MOVING FORWARD. FOR  THE EDITORS OF PRO FARMER IN CEDAR FALLS IOWA. I'M BRIAN GRETE."

FARM JOURNAL YIELD TOUR
MONDAY'S CROP PROGRESS REPORT SHOWS CONDITION OF ILLINOIS' CORN AND  SOYBEANS DROPPED STATEWIDE. TYNE MORGAN JOINS US NOW FROM THE INAUGURAL FARM JOURNAL YIELD  TOUR NOW UNDERWAY NEAR PEORIA, ILLINOIS. TYNE? THANKS BETSY. WE'RE HERE AT THE FARM JOURNAL YIELD TOUR IN TREMONT ILLINOIS THE PRECISION  PLANTING HEADQUARTERS KEN FERRIE FARM JOURNAL AGRONOMISTS WITH ONE OF THE SPEAKERS THIS  WEEK IN KEN. WHEN I LOOK AT FIELD CONDITIONS AND CROP CONDITIONS THIS YEAR SO KEY RIGHT NOW.  BUT WHAT ARE YOU SEEING IN THIS AREA OF ILLINOIS. IN THIS AREA IN ILLINOIS IT IS ACTUALLY KIND OF SPLIT  AS I LOOKED FROM NORTH TO SOUTH TO WITHIN MY CUSTOMER BASE ABOUT A THIRD OF THE ACRES ARE  JUST RIGHT. I MEAN IT'S LOOKING PRETTY GOOD. A THIRD OF THE ACRES HAD A LOT OF WATER DAMAGE AND  THEY'RE SUFFERING FROM THAT FROM FROM THE WEATHER AND THEN THE THIRD IS SEVERELY DRY MEANING  THAT IT'S TO THE POINT WHERE IT'S STARTING TO CRIPPLE YIELDS FROM US. SO AS AN AVERAGE WE WE'RE  PROBABLY LOOKING PRETTY GOOD AT THAT IT DOES. IT'S ONE OF THOSE YEARS YOU KNOW YOU DON'T WANT  TO LOOK OUT YOUR BACK WINDOW AND ASSUME THE WHOLE STATES THE SAME THINGS. AND SPEAKING  OF DRIVING YOU DID HAVE SOME RAIN ON MONDAY BUT THAT WAS THE FIRST MEASURABLE RAINFALL IN A  FEW WEEKS RIGHT. RIGHT. SO IN THE DRY AREA WE'VE BEEN RUNNING ON LIKE SIX TENTHS IN THE LAST  SIX WEEKS AND THEN WE FINALLY PICKED UP A HALF INCH AND HALF INCHES HUGE. BUT THAT HALF INCH  ISN'T GOING TO FIX THE PROBLEM. IT GETS US ON THE RIGHT PATH BECAUSE IN NEXT TO 20 DAYS ARE READY TO GO DAYS FOR CORN MEANING THAT WE'RE GETTING POLLINATED AND WE NEED TO WATER NOW. YES SPEAKING OF POLLINATION SPEAKING HIM NOW IS GO TIME. WHAT CAN FARMERS BE DOING. I  MEAN SCOUTING THEIR FIELD WHAT DO THEY NEED TO BE DOING NOW TO ENSURE THAT THEY GET THE  MOST OUT OF THIS YEAR'S CROP. HOPEFULLY THEY'VE BEEN SCOUTING ALL YEAR. SO THERE'S NO SURPRISES OUT THERE. BUT BOY WHEN  THE TASSEL COMES OUT AND YOU CAN SEE IT FROM YOUR PICK UP THAT CORN IS TELLING YA THAT I'M  GOING TO DO SOMETHING PRETTY IMPORTANT HERE IN THE NEXT SEVEN TO 10 DAYS AND YOU NEED TO  GET OUT HERE AND TAKE A LOOK AT IT. SO A SITUATION WHERE WE HAVE TO MAKE SURE THE FIELD GETS  POLLINATED AND WITH THE UNEVENNESS IN A LOT OF THESE FIELDS THAT MEANS THAT WE'RE GOING TOWATCH THE SILK CLIPPERS MAKE SURE THAT THE SILKS DON'T GET CLIPPED BEFORE WE GET THIS  POLLINATION DONE. ALL RIGHT. KEN FERI FARM JOURNAL AGRONOMISTS THE CROP IS POLLINATING AT THIS POINT POINT AS KEN  SAID VERY VARIABLE BUT RIGHT HERE ON THE TREMONT PEORIA ILLINOIS AREA CROPS DO LOOK AND CONDITIONS DO LOOK PRETTY GOOD. WELL WORTH THE FARM JOURNAL YIELD TOUR TWO MORE STOPS OF THIS  YIELD TO WHERE WE WILL BE IN ST. JOHN'S MICHIGAN ON AUGUST 9TH AND THEN WE WILL BE IN OMAHA  NEBRASKA ON SEPTEMBER 6TH. REPORTING FROM TREMONT ILLINOIS I'M TIME MORGAN FOR AGDAY . 

CHINA PURCHASING DOW’S CORN SEED BUSINESS IN BRAZIL
CHINA IS QUICKLY EXPANDING ITS ROLE IN THE GLOBAL SEED SECTOR - BY  PURCHASING A PORTION OF DOW CHEMICAL COMPANY'S CORN SEED BUSINESS  IN BRAZIL.  ACCORDING TO REUTERS CHINESE FUND PART-OWNED BY SIT-ICK LIMITED PAID 1- POINT-1 BILLION FOR THE SEED BUSINESS IN BRAZIL.  THE DEAL INCLUDES SEED PROCESSING PLANTS,CENTERS, A COPY OF HTE CORN  GERM-PLASM BANK, THE MORGAN SEED BRAND AND A LICENSE FOR THE USE OF  CERTAIN DOW PRODUCTS DURING A CERTAIN PERIOD OF TIME.  ANALYSTS SAY THE COUNTRY'S DEVELOPMENT OF COMMERCIAL AGRICULTURE IS  SPEEDING UP QUICKLY.  "IT'S HAPPENING A LOT FASTER THAN I WOULD HAVE THOUGHT. THEIR FARMING IS CHANGING AND IS  CHANGING QUICKER. SO, THEY'RE GOING TO INCREASE YIELDS QUICKER THAN I WOULD HAVE THOUGHT AND  THE MARKET IS GOING TO GET MORE SOPHISTICATED OVER THERE AS WELL."REUTERS SAYS THE ASSETS WHICH GENERATED REVENUE OF ABOUT 287  MILLION IN 2016, ARE BEING SOLD BY DOW TO MEET CONDITIONS SET BY U.S.  ANTITRUST REGULATORS FOR ITS MERGER WITH DUPONT. 

CROP COMMENTS
TURNING OUR ATTENTION BACK HOME, MIKE HOFFMAN HAS AN UPDATE ON THIS  MORNING'S CROP COMMENTS. MIKE.  GOOD MORNING, BETSY.  LAUREN TURLEY IN WEBSTER COUNTY, KENTUCKY IS SPRAYING FUNGICIDE. SHE  SAYS HER POCKET THE THE STATE HAS BEEN RECEIVING SOME ADEQUATE  RAINFALL AND THE CROP LOOKS GOOD.  USDA SAYS 87 PERCENT OF KENTUCKY'S CORN CROP IS RATED GOOD TO  EXCELLENT- ONE OF THE HIGHEST RATED STATES FOR CORN CONDITION. MEANWHILE, BART PARKS IN JOHNSON, KANSAS IS DEALING WITH SOME PEST  PRESSURE - HE SAYS THIS LOOKS LIKE AN IMAGE FROM BIBLICAL TIMES!  BART SAYS THIS FIELD IS NEXT TO A DRY, GRASSY CREEK WHICH MEANS  GRASSHOPPERS CAN CLIMB ON EASILY.  HE SAYS USUALLY INSECTICIDE TAKES CARE OF THE PROBLEM.  AND NOW HERE ARE SOME HOMETOWN TEMPS.  VISIT FARM JOURNAL PRO.COM.  TRUSTED ANALYSIS, PROFESSIONAL INSIGHT. FARM JOURNAL  PRO.COM. 

TEASE
WE'VE SEEN A RALLY IN SPRING WHEAT BUT WHAT WOULD CAUSE A SPARK IN  WHEAT MARKETS OVERALL? AND BE SURE TO BREW ANOTHER POT OF COFFEE. IT MAY HAVE ADDED HEALTH  BENEFITS.

TRACTOR SALES REPORT
IN AGRIBUSINESS...HALF WAY THROUGH THE YEAR AND THE STILL-STRUGGLING  FARM ECONOMY IS REFLECTED IN THE MONTHLY TRACTOR SALES REPORT. THE ASSOCIATION OF EQUIPMENT MANUFACTURERS JUST RELEASED ITS JUNE  REPORT.  IT SHOWS FOR THE FIRST SIX MONTHS OF THE YEAR LARGER TWO-WHEEL DRIVE TRACTOR SALES ARE DOWN 14-PERCENT COMPARED TO A YEAR AGO. SALES ON FOUR WHEEL DRIVE TRACTORS ARE DOWN SIX PERCENT YEAR OVER  YEAR. THE BRIGHT-SPOT CONTINUES TO BE BE SMALLER FARM TRACTORS - THOSE  UNDER 40 HORSES. THOSE SALES FOR THE FIRST SIX MONTHS ARE 12-PERCENT HIGHER FROM A  YEAR AGO. COMBINE SALES ARE OFF SIX PERCENT. WEDNESDAY'S REPORT SHOWS SPRING WHEAT PRODUCTION AT 423 MILLION  BUSHELS, DOWN 21 PERCENT FROM LAST YEAR.  AREA HARVESTED FOR GRAIN IS EXPECTED TO TOTAL 10-AND-HALF MILLION  ACRES, SEVEN PERCENT BELOW LAST YEAR.  THE NATIONAL AVERAGE YIELD FORECAST IS JUST OVER 40 (40.3) BUSHELS AN  ACRE, DOWN SEVEN BUSHELS FROM LAST YEAR. PRIOR TO THE REPORT RELEASE CLINTON GRIFFITHS DISCUSSED THE RECENT  RALLY IN WHEAT PRICES ASSOCIATED WITH WEATHER PROBLEMS IN THE  NORTHERN PLAINS.

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK WE HAVE JOE VAKLAVIK STANDARD GRAIN. JOE LET'S TALK ABOUT  THESE WHEAT MARKETS HAVE BEEN DYNAMIC AND THE QUESTION IS WILL CONTINUE AND CAN IT SPILL  OVER INTO SOME OF THE OTHER CONTRACTS. WELL IT'S BEEN A NICE RALLY AND THE WHEAT MARKETS  REALLY ALL THREE CONTRACTS THAT WE TRADE THE SPRING WHEAT MARKET HAS LED THE WAY. AND THAT'S  MAINLY DUE TO A PRETTY SEVERE DROUGHT IN THE NORTHERN PLAINS. I THINK THE CROP PROBLEMS UP  THERE ARE VERY REAL THIS IS PAST THE POINT OF A CROP SCARE. THIS IS JUST A POINT OF DEMAND  RATIONING NOW WE'VE GOT TO GET TO A PRICE THAT'S GOING TO SHUT OFF THE DEMAND BASE SO THAT'S  THE SPRING WHEAT MARKET THE WINTER WHEAT MARKETS ARE A LITTLE BIT DIFFERENT. WE DID HAVE SOME  CROP PROBLEMS IN THE SOUTHERN PLAINS CERTAINLY MAYBE SOME ACREAGE ABANDONMENT MAYBE  SOME YIELD PROBLEMS. I STILL DON'T SEE A SHORTAGE THERE THOUGH DOMESTICALLY OR GLOBALLY. I THINK  WE'RE STILL GOING TO WE'RE STILL GOING TO HAVE ENOUGH OF THAT STUFF. SO I THINK AT SOME POINT  THOSE MARKETS ARE GOING TO KIND OF SEPARATE THEMSELVES THE SPRING WHEAT MARKET IN YOUR  WINTER WHEAT MARKETS. IN ANY CASE I DO THINK THAT THERE ARE SOME MARKETING OPPORTUNITIES OUT  THERE. THERE'S A TON OF CARRY IN THESE WINTER WHEAT MARKETS AND YOU HAD YOUR JULY 18  CONTRACTS FOR BOTH CHICAGO AND KANSAS CITY UP ABOVE $6 THIS PAST WEEK. WOW YEAH. THAT'S  NOT A PLACE TO AT LEAST GET STARTED WITH A LITTLE BIT IN NEXT YEAR'S MARKETING. I DON'T KNOW WHAT  IS IF I SELL 10 OR 20 PERCENT FORWARD AND SELL THAT CARRY AND TAKE ADVANTAGE OF THOSE PRICES.  AND THAT'S THE WORST THING I DO NEXT YEAR. SURE. WE HAVE A PRETTY GOOD MARKETING. YOU KNOW  ONE THING YOU GOT TO REMEMBER IS THAT SIMILAR TO WHAT WE SAW IN SAY THE SOYBEAN MARKET THIS  PAST YEAR. HIGHER PRICES ARE GOING TO ENCOURAGE ACREAGE IF THEY STICK AROUND. SO MAYBE WE  GET THESE PRICE AND STICK AROUND FOR A LITTLE BIT TO RAISE ACREAGE. BUT AFTER THAT YOU KNOW YOU  COULD RUN INTO LOWER PRICES AGAIN JUST AS EASILY. YEAH. YOU KNOW I GUESS SOME OF THE  QUESTION THAT FOLKS ARE ASKING IS ARE THERE ANY WHEAT PROBLEMS GLOBALLY IS THAT ENOUGH TO  PLAY IN HERE TO KEEP THIS RALLY GOING BEYOND HER OWN PROBLEMS INTO THIS ACREAGE IS THIS HIGH  ENOUGH TO START BUYING ACRES BACK AFTER HITTING A 100 YEAR LOW. WELL THAT'S EXACTLY WHAT WE  NEED IS WE NEED PROBLEMS ELSEWHERE. ASIDE FROM JUST THE U.S. THE U.S. IS JUST NOT THE  PLAYER IN THE WORLD WHEAT MARKET THAT WE USED TO BE. OUR SHARE OF GLOBAL EXPORTS HAS JUST  PLUMMETED OVER THE LAST 20 OR 30 YEARS. SO THAT'S EXACTLY WHAT WE NEED WE NEED A PROBLEM  IN THE EU OR A PROBLEM IN AUSTRALIA OR IDEALLY PROBLEMS IN MULTIPLE PLACES TO GET THE MARKET TO  NOT ONLY RALLY BUT TO BE ABLE TO TO STICK THE RALLY AND STICK WITH SOME BETTER PRICES. SO YEAH I  THINK THIS IS ALL GOOD WHAT'S HAPPENING. I THINK THERE ARE SOME OPPORTUNITIES OUT THERE BUT THE  BIG PICTURE FUNDAMENTALS OF WHEAT OVERALL I THINK ARE PROBABLY STILL MAYBE A LITTLE BIT NEGATIVE  ESPECIALLY AFTER THIS RALLY. SO EXERCISE SOME CAUTION HERE. ALL RIGHT WE'LL KEEP AN EYE ON IT  APPRECIATE IT JOE. THANKS FOR BEING HERE. WE'LL BE BACK WITH MORE AGDAY IN JUST MINUTE.  ) GET THE ROOTS YOUR CROPS NEED, BY GETTING RADIATE FIRST.  VISIT LOVELAND PRODUCTS.COM  SLASH RADIATE.  SEE YOUR CPS DEALER TODAY. 

WEATHER
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN MIKE THE EAST RECEIVING SOME  RAINS WHILE THE WEST STILL CAN'T CATCH A BREAK. NO THE THE THE NORTHERN PLAINS THE DAKOTAS  EVERYTHING SEEMS TO BE FORMING EAST OF THEM AND THINGS ARE GOING TO BE DRYING OUT EVEN  MORE IN THE NORTHERN PORTIONS OF THE COUNTRY. BUT IT HAS BEEN THE OTHER SIDE OF THE COIN FARTHER  EAST FROM THE NORTHERN MISSISSIPPI VALLEY THROUGH THE GREAT LAKES PARTS OF THE OHIO VALLEY  AS THESE STORMS JUST CONTINUE TO MARCH FROM WEST TO EAST. WE ARE FINALLY GOING TO SEE THIS  FRONT EVER SO SLOWLY PUSHING SOUTHWARD WHICH WILL DRY THOSE AREAS OUT THAT HAVE BEEN GETTING  A TON OF RAIN. UNFORTUNATELY THAT KEEPS YOU DRY OVER THE NORTHERN PLAINS. MOST OF THE WEST  CONTINUES TO BE DRY THE NEXT FEW DAYS AS BIG RIDGE CONTINUES TO DOMINATE. OF COURSE A  TYPICAL AFTERNOON VARIETY HIT AND MISS MOSTLY MISS THUNDERSTORMS IN THE SOUTHWEST ALSO.  SAME IDEA KIND OF IN THE SOUTHEASTERN PORTIONS OF THE COUNTRY WHERE IT'S VERY HUMID SO YOU  WILL GET THOSE AFTERNOON THUNDERSTORMS BUBBLING UP. BUT THEY WILL BE JUST SCATTERED. AND TAKE  A LOOK AT TONIGHT. SEE THE FRONT MOVING DOWN INTO THE OHIO RIVER VALLEY. THERE WILL BE SOME  POCKETS OF SHOWERS AND THUNDERSTORMS ALONG THAT FRONT. SOME LINGERING SHOWERS IN THE  NORTHERN GREAT LAKES WITH JUST SOME UPPER AIR UPPER LEVEL DISTURBANCE TYPE SITUATION BUT THAT  WILL BE ENDING AS WELL AS THAT HIGH PRESSURE BUILDS IN AS WE HEAD THROUGH THE DAY TOMORROW  AND THEN YOU CAN SEE THE FRONT ALL THE WAY DOWN INTO KENTUCKY SOUTHERN MISSOURI NORTHERN  OKLAHOMA. BY THE TIME WE GET TO TOMORROW AFTERNOON TAKE A LOOK OF PRECIPITATION ESTIMATES  PAST 24 HOURS. SOME AREAS OF SOUTHERN FLORIDA GULF COAST REGION SOUTHWEST OF SEEING  SOME A HIT AND MISS SHOWERS AND STORMS WITH SOME AMOUNTS BUT YOU CAN SEE THE MAJORITY  HAS BEEN OVER THE PAST 24 HOURS IN THE GREAT LAKES REGION ADDING IN THE NEXT 36 HOURS  WE'RE GOING TO PUSH IT A LITTLE FARTHER SOUTH AND GIVE SOME FOLKS SOME MOISTURE THAT HAVEN'T  BEEN GETTING IT OVER THE PAST COUPLE OF DAYS. NOW TAKING A LOOK AT TEMPERATURES THIS  AFTERNOON IS STILL GOING TO BE VERY HOT. SOUTH OF THAT FRONT VERY HUMID AS WELL. HIGHS WELL INTO  THE 90S IN AREAS THAT DON'T GET RAIN. BUT NORTH OF THE FRONT LOOK AT THAT HIGH IS ONLY IN THE 60S  AND LOWER 70S FOR MANY PARTS OF THE GREAT LAKES AND THE NORTHEAST. LOW TEMPERATURES  TONIGHT IS GOING TO DROP ALL THE WAY INTO THE 50S FOR PARTS OF THE NORTHERN PLAINS ESPECIALLY  MINNESOTA. STILL MUGGY 70S FROM INDIANAPOLIS SOUTHWARD ALL THE WAY TO THE GULF COAST AND  WILL PUSH THAT HEAT A LITTLE FARTHER SOUTH THERE IN THE AFTERNOON TOMORROW WITH HIGHS ONLY IN THE  70S ALL THE WAY DOWN TO CHICAGO LOWER 70S TOMORROW AFTERNOON. MUCH COOLER AIR THERE IS A  JET STREAM AND YOU CAN SEE THE RIDGE OUT WEST TROUGH KIND OF REDEVELOPED IN THE GREAT LAKES  AND THE NORTHEAST ANOTHER LITTLE PIECE OF ENERGY COMING FOR THE WEEKEND. AND THEN THE RIDGE  COMES BACK SO MUCH OF THE CORN BELT HAS BEEN COOLING DOWN AND HEATING UP COOLING DOWN  AGAIN AND THAT'S GOING TO CONTINUE TO BE THE CASE. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S  TAKE A LOOK AT SOME LOCAL FORECASTS. CEDAR CITY UTAH FIRST OF ALL A GOOD DEAL OF SUNSHINE AND  HOT TODAY HIGH OF 92 DEGREES. RICE LAKE WISCONSIN COOLER WITH CLOUDS AND SOME SUNSHINE  HIGH OF ONLY 69 AND MACON GEORGIA PARTLY SUNNY HOT AND HUMID AFTERNOON HIGH OF 93  DEGREES. 

TEASE
STILL TO COME IS PRESIDENT TRUMP 'MAKING THE GRADE' FOR HIS STANCE AND  POLICIES ON AGRICULTURE? WE'LL LOOK AT THE REPORT CARD. AND POUR YOURSELF ANOTHER CUP OF COFFEE...IT MAY BE JUST WHAT THE  DOCTOR ORDERED. AGDAY - BROUGHT TO YOU BY TOP THIRD AG MARKETING.  FARMER-FIRST, WITH A PLAN FOR EVERY  MARKET.

DROVERS TV
THE E-U AND JAPAN HAVE COMPLETED A TRADE AGREEMENT THE U.S. MEAT  EXPORT FEDERATION SAYS  MIRROR WHAT THE U.S. COULD HAVE COMPLETED  WITH JAPAN UNDER THE TRANS PACIFIC PARTNERHIP.  THE AGREEMENT WILL SIGNIFICANTLY LOWER TARIFFS ON JAPAN'S IMPORTS OF  EU PORK AND BEEF.  MOST TARIFFS JAPAN HAS IN PLACE FOR E.U. PORK WILL BE PHASED OUT.  DEPENDING ON THE PRODUCT,  BETWEEN 5 AND 10  YEARS.  JAPAN'S 38-POINT-5 PERCENT TARIFF ON E-U BEEF WILL DROP TO 27-POINT-5 AND  BE PHASED DOWN TO 9 PERCENT OVER 15 YEARS. THAT'S SIGNIFICANTLY LOWER  THAN JAPAN'S CURRENT TARIFF ON U.S. BEEF.  AN AGRICULTURAL POLICY EXPERT AND ECONOMIST AT KANSAS STATE  UNIVERSITY IS GRADING PRESIDENT TRUMP ON HIS PERFORMANCE TOWARDS  AGRICULTURE. BARRY FLINCH-BAUGH, WHO HAS CONTRIBUTED TO THE DEVELOPMENT OF EACH  FARM BILL SINCE '74, SAYS TRUMP'S GRADE IS A MIXED BAG - FLINCH-BAUGH GIVES HIM AN 'A' FOR THE APPOINTMENT OF SECRETARY SONNY  PERDUE AND DEREGULATION.  THE LETTER 'B' REGARDING THE FARM BILL,  AND D GRADES  FOR TRADE AND IMMIGRATION.

TEASE
STILL TO COME - GOOD NEWS FOR COFFEE DRINKERS. AG FOR YOUR HEALTH IS  NEXT. THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM - OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.  LET MACHINERY  PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN  MOWER AT KUBOTA.COM. IN THE WAR ON CANCER RURAL AMERICA IS LOSING SOME OF ITS FOOTING. THE CENTERS FOR DISEASE CONTROL JUST RELEASED A NEW REPORT ON  CANCER RATES IN FARM COUNTRY. IT SHOWS DESPITE DECREASES IN CANCER DEATH RATES NATIONWIDE, THEIR  REPORT SHOWS RATES ARE HIGHER IN RURAL AMERICA THAN IN URBAN AREAS  OF THE COUNTRY. THE REPORT ALSO SHOWS RURAL AREAS HAD HIGHER RATES OF NEW CASES AS  WELL. THOSE CASES ARE GENERALLY ASSOCIATED WITH KINDS OF CANCER THAT  CAN BE TREATED IF CAUGHT EARLY ENOUGH BY SCREENINGS.  BUT RURAL  AMERICA IS OFTEN UNDER-SERVED WITH MEDICAL FACILITIES. IF YOU WATCH THIS SHOW THEN YOU PROBABLY ENJOY A GOOD, STRONG CUP OF  COFFEE TO GET THOSE MORNING-EYES OPEN. HERE'S SOME GOOD NEWS. GO AHEAD AND HAVE A SECOND CUP,,,OR THIRD. A NEW LANDMARK STUDY CONDUCTED IN EUROPE SAYS PEOPLE WHO DRINK  AROUND THREE CUPS OF COFFEE A DAY MAY LIVE LONGER THAN NON-COFFEE  DRINKERS. THEY SAW A REDUCED RISK OF DEATH FROM ALL CAUSES. THE SCIENTISTS LOOKED AT DATE-A FROM A HALF MILLION PEOPLE IN TEN  EUROPEAN COUNTRIES OVER 16 YEARS TO COME-UP WITH THEIR CONCLUSION.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR TYNE MORGAN, CLINTON GRIFFITHS AND MIKE HOFFMAN, I'M BETSY JIBBEN.  HAVE A GREAT DAY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS.  

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