AgDay Daily Recap - May 26, 2017

May 26, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
MAY 26, 2017


HEADLINES
"FARMERS, RANCHERS, AND RURAL FAMILIES UNDERSTAND FISCAL  RESPONSIBILITY. BUT, NOW IS NOT THE TIME FOR ADDITIONAL CUTS." THE SENATE AG COMMITTEE DEBATES BUDGETS AND THE IMPACT ON THE FARM  BILL. IN AGRIBUSINESS...WATCHING CHINA. LEARNING THE GROWTH STAGES OF SOYBEANS WITH FIELD AGRONOMIST MISSY  BAUER. AND SERVING UP A COLD ONE AT THE GREATEST SPECTACLE IN RACING.  AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

FARM BILL HEARING
GOOD MORNING I'M CLINTON GRIFFITHS. AS LAWMAKERS SIFT THROUGH THE  PRESIDENT'S BUDGET PROPOSAL, MEMBERS OF THE SENATE AG COMMITTEE ARE  FOCUSING ON THE 2018 FARM BILL...AND THE STATE OF THE RURAL ECONOMY. "WHEN THE 2014 FARM BILL WAS WRITTEN AND PASSED, TIMES WERE RELATIVELY GOOD IN  AGRICULTURE. BUT, AS EVERYONE SHOULD KNOW, A LOT HAS CHANGED SINCE THEN."THIS IS THE THIRD HEARING OF THE SENATE AG COMMITTEE IN ADVANCE OF  WRITING THE 2018 FARM BILL. CHAIRMAN PAT ROBERTS REMINDED OTHER MEMBERS OF THE PANEL THAT LOW  COMMODITY PRICES ARE CONTINUING TO WEIGH ON FARM SECTOR PROFITS FOR  BOTH ROW-CROP AND LIVESTOCK PRODUCERS.  AND AS THE PRESIDENT UNVEILS A BUDGET THAT CUTS SPENDING TO USDA - INCLUDING CUTS TO CROP INSURANCE - ROBERTS WAS CLEAR ON HIS POSITION. "WE NEED TO ENSURE THAT PRODUCERS HAVE RISK MANAGEMENT TOOLS AT THEIR DISPOSAL – LET ME  EMPHASIZE THAT CROP INSURANCE IS THE MOST VALUABLE TOOL IN THE RISK MANAGEMENT TOOLBOX."THE COMMITTEE ALSO FOCUSED ON THE ECONOMIC CONDITION OF RURAL  TOWNS. DEMOCRAT DEBBIE STABENOW SAYS USDA'S PLANNED RE- ORGANIZATION COULD HAVE CONSEQUENCES. "THE COMBINATION OF DEVASTATING BUDGET CUTS TO CRITICAL SERVICES AND THE PLANNED  ELIMINATION OF THE UNDER SECRETARY FOR RURAL DEVELOPMENT SENDS A POWERFUL MESSAGE THAT  THIS WHITE HOUSE IS NOT CONCERNED WITH THE NEEDS OF AMERICA'S SMALL TOWNS AND RURAL  COMMUNITIES."STABENOW SAYS THE PRESIDENT'S PROPOSED CUTS FROM FARM BILL  PROGRAMS WOULD MAKE A NEW 5-YEAR FARM BILL VIRTUALLY IMPOSSIBLE TO  PASS. THE HOUSE ON WEDNESDAY REVERSING AN EPA REQUIREMENT THAT THOSE  SPRAYING PESTICIDES ON OR NEAR RIVERS AND LAKES FILE FOR A PERMIT.  THE CHAMBER VOTED LARGELY ALONG PARTY LINES TO APPROVE THE REDUCING  REGULATORY BURDENS ACT OF 2017.  THE BILL'S SUPPORTERS SAY THE PERMIT REQUIRMENT UNDER THE CLEAN  WATER ACT IS DUPLACATIVE. ADDING THAT THE EPA ALREADY REGULATES PESTICIDE SAFETY UNDER A  DIFFERENT LAW THAT GIVES THE AGENCY AUTHORITY TO PLACE RESTRICTIONS  ON WHEN AND WHERE SPRAYING CAN OCCUR. 

ORGANIC PRODUCT SALES INCREASE
SPEAKING OF SPRAY, NEW ORGANIC NUMBERS SHOW A CONTINUED UPWARD  TRAJECTORY OF ORGANIC PRODUCT SALES IN 2016. THE LATEST ORGANIC TRADE ASSOCIATION'S INDUSTRY SURVEY SHOWS SALES  TOTALING 47 BILLION IN 2016. THAT'S UP NEARLY 4 BILLION DOLLARS IN JUST THE LAST YEAR. ORGANIC FOODS NOW ACCOUNT FOR MORE THAN 5 PERCENT OF TOTAL FOOD  SALES IN THE COUNTRY. THAT COMMERCIAL--PART OF A 30 MILLION DOLLAR MARKETING CAMPAIGN-- IS  NOW AT THE HEART OF A LAWSUIT BY ELI LILLY AND IT'S SUBSIDIARY ELANCO AGINST ARLA FOODS. THE FILED PAPERWORK DRUG MAKER ELANCO ARGUES ARLA IS IGNORING THE  FOOD AND DRUG ADMINISTRATION'S DECLARATION THAT RBST IS SAFE AND  THERE IS NO DISCERNABLE DIFFERENCE BETWEEN THE MILK FROM COWS  SUPPLEMENTED WITH RBST AND THOSE THAT AREN'T. THE LATEST ARLA COMMERCIAL DOES INCLUDE THAT LANGUAGE IN SMALL TYPE  AT THE BOTTOM OF THE SCREEN. ELANCO SELLS RBST UNDER THE NAME POSILAC. ELANCO SAYS THE CAMPAIGN AND PRODUCT LABELING PERPETUATES FALSE  CLAIMS ABOUT RBST--AND MAKES IT SOUND LIKE RBST IS AN ACTUAL INGREDIENT  IN MILK. THE SUIT IS CALLING FOR ARLA TO STOP ITS ADVERTISING CAMPAIGN.

DROUGHT MONITOR
THE NEW DROUGHT MONITOR IS OUT AND ACCORDING TO USDA'S BRAD RIPPEY-- IT SETS A NEW ALL TIME RECORD LOW FOR THE REPORT.    JUST 4 AND A HALF PERCENT OF THE CONTIGUOUS UNITED STATES IS  CURRENTLY EXPERIENCING SOME FORM OF DROUGHT. THAT'S D1 TO D4. IF YOU ADD IN D-0 OR PLACES IT'S JUST CONSIDERED DRY -- A LITTLE MORE THAN  14 PERCENT OF THE CONTIGUOUS UNITED STATES HAS ANY COLOR ON IT. EVEN THE DRIEST POCKETS IN SOUTHEASTERN STATES LIKE GEORGIA AND  FLORIDA  ALONG WITH THE DAKOTAS--ALL SEEING RAIN IN THE LAST WEEK OR  TWO. 

CROP COMMENTS
CINDI CLAWSON IS IN FOR MIKE HOFFMAN TODAY. SHE JOINS US WITH A LOOK AT  FARM COUNTRY AND TODAY'S CROP COMMENTS. GOOD MORNING CINDI. HELLO CLINTON. RAINS HAVE CONTINUED TO FALL ACROSS THE MIDWEST THIS WEEK. WE RECEIVED THIS PICTURE OF CURTIS WOLTER'S FARM ON THE EAST SIDE OF  HAMBURG MINNESOTA. HEAVY RAINS LEAVING PLENTY OF STANDING WATER AHEAD OF THE MEMORIAL  DAY HOLIDAY. DESPITE THE WET WEATHER, THREE QUARTER'S OF MINNESOTA'S SOYBEANS  HAVE BEEN PLANTED--WELL AHEAD OF THE FIVE YEAR AVERAGE. AND THEN THERE'S THIS PHOTO FROM JOHN KENNAY OF ASHTON ILLINOIS. HEAVY  RAINS CONTINUE TO WASH OUT FIELDS AND FORCE REPLANTS IN LARGE  POCKETS OF THE STATE. SOME FARMERS REPORT A SECOND OR THIRD ROUND OF PLANTING IN THE SAME  FIELD. NOW SOME HOMETOWN TEMPS.

TEASE
WHEN WE COME BACK, TRADING LEGEND JIM BOWER JOINS TO DISCUSS DEMAND  AND MARKET MOVES HAPPENING IN CHINA. AND LATER, IT MAY BE A RACE DAY TRADITION BUT SERVING MILK IN THE  WINNER'S CIRCLE IS ALSO A FAMILY TRADITION FOR THIS INDIANA FARMER. FIND  OUT WHY TODAY ON IN THE COUNTRY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS.

FLOOR OF THE CME
IN AGRIBUSINESS IT WAS ANOTHER MIXED DAY FOR MID-WEEK MARKETS. LETS GET DETAILS FROM OUR FRIENDS ON THE FLOOR IN CHICAGO. LET 'S START WITH THE CORN CONTRACT. DECEMBER CORN GOING TO BE THE MONTH OF INTEREST FOR US  SAYS NEW CROP OF THREE EIGHTY EIGHT IS SIGNIFICANT SUPPORT. I THINK IF WE'RE ABLE TO GET  CONSECUTIVE CLOSES ABOVE THIS LEVEL THAT SHOULD SET US UP FOR A STURDY FOUNDATION GOING FOR  BUT ULTIMATELY THE BULLS WANT TO SEE THE CONSECUTIVE CLOSES ABOVE THREE NINETY AND A HALF  WHICH HAS BEEN A BIG LEVEL PREVIOUSLY MOVING OVER TO THE SOYBEAN MARKET. A OBVIOUSLY A  LITTLE BIT DIFFERENT FEEL AS WE'VE BEEN RELATIVELY BEARISH OVER. THE PAST SEVERAL WEEKS NINE SIXTY  FOUR 'S THE LINE IN THE SAND OF THE BULLS NEED TO GET A CLOSE OUT ABOVE I DON'T THINK THEY'RE  GONNA BE ABLE TO DO THAT SO WE'VE BEEN LOOKING AT SELLING SOME OF THESE RALLIES A CLOSE  BELOW NINE FORTY ONE REALLY OPENS A DOOR TO SOME ACCELERATED SELLING PRESSURE TOWARDS THAT  NINE TEN LEVEL GOING FORWARD IN THE NEXT COUPLE WEEKS SO THAT'S WERE KEEPING A CLOSE EYE ON  AS SOME OF THE DELAYS IN CORN PLANTING MIGHT SEEM MORE ACRES ALLOCATED IN THAT SOYBEAN  MARKETS COUPLE THINGS. WE'RE LOOKING AT FOR THE LIVE CATTLE AUGUST TWO 'S GONNA BE THE MONTH  OF INTEREST FOR US. ALTHOUGH NOT FRONT MONDAY IT IS THE MOST ACTIVELY TRADED WERE SETTLING RIGHT AND A LITTLE BIT OF A RANGE HERE. ONE EIGHTEEN THE ONE TWENTY THREE IS WHAT WE'RE GOING TO PLAY SO RIGHT NOW. THIS KIND OF IN THE MIDDLE NO MAN 'S LAND RATHER BUY IT LOWER RATHER SELL AT HIGHER  WRAPPING THINGS UP IN THE WAY IN HIGH COMPLEX WAS ALL A LITTLE BIT WEAKER. CASH IN YESTERDAY 'S  SESSION. BUT THE MAN OVER ALL CONTINUES TO BE RELATIVELY FIRM THAT HAS BROUGHT PRICES BACK UP  HERE TOWARDS THE TOP OF THE RANGE OF EIGHTY AND I WOULDN'T BE TOO QUICK TO JUMP ON TOP JUST  YET THOUGH WE SEE THAT DEMAND A CYCLE FLATTEN OUT A LITTLE BIT IN THE NEAR FUTURE. SO THAT 'S  WHAT WE'RE LOOKING AT THAT YOU SHOULD BE LOOKING TOO. THIS IS OLIVER SLOUP WITH IITRADER FROM THE FLOOR  OF THE CME.

AGRIBUSINESS
HERE AT THE AGRIBUSINESS I HAVE JIM BOWER OF BOWER TRADING. JIM . LET 'S TALK ABOUT SOME OF THE  OTHER COUNTRIES IN PRODUCTION. WHAT WE'RE SEEING IN YOU KNOW WE'VE KIND OF GOT A SITUATION  GOING ON IN BRAZIL AND THEN CHINA AND THEY'VE GOT THEIR OWN KIND OF WEATHER ISSUES. THEY GET  READY FOR CROPPING SEASON. YES CHINA IS THE BIG DEMAND BASEMENT OF A WORLDWIDE STAND BY  WE'VE SEEN THEM COME INTO THIS MARKET HERE JUST RECENTLY LOOKING AT NATURAL GAS CRUDE OIL  BEEF SOYBEANS VERY VERY IMPORTANT TO PRICE DISCOVERY AS FAR AS I'M CONCERNED BECAUSE THAT  'S DEMAND FROM A GLOBAL SCALE. THAT MEANS WE WILL MONITORED AND WATCHED EVERY DAY NOW AS  FAR AS WEATHER THE LAST FEW YEARS THEY'VE ACTUALLY BEEN PRETTY LUCKY SEEMS TO ME THEY'RE  HAVING MORE MARK CONCERNED ABOUT THE NORTHERN AND NORTHEAST CHINA PLAINS OF THAT THEY'VE  BEEN HOT DRIER AIR IN THE GROWING SEASON FOR PLANTING SEASON SOME RAINS HAVE COME IN THAT  THAT CAN BE AN ONGOING SITUATION TO WATCH BECAUSE THAT 'S THE KEY AREA OF PRODUCTION FOR CORN  AND WHEAT OSO WE'LL NEED TO WATCH THAT AREA VERY VERY VERY CLOSELY AND THEN FROM A STRATEGY  STANDPOINT. YOU KNOW I I I ALWAYS SAY WATCH WHAT CHINA DOES NOT WHAT THEY SAY BECAUSE  THERE THEY HAVE THIS TREMENDOUS AWARENESS OF VALUE THAT I RESPECT HIM VERY MUCH FOR THEIR  SENSE OF THAT PRICE DETERMINE IT. SO LET 'S WATCH WHAT THEY DO AND SEE THEY KEEP ON BUYING  THAT. THAT 'S A GOOD SIGN. OK. WHAT DO YOU THINK ABOUT THEIR STOCKS ARE THEY WHITTLING DOWN  THESE STOCKS SO THEY GOING THROUGH THEM. WHAT DO WE KNOW I MEAN THAT SEEMS LIKE FOR A  COUPLE YEARS BEEN WAITING ON THEM TO WORK THROUGH BIG STOCKS I THINK THEY'RE IN THE PROCESS  OF DOING THAT BUT THERE ARE SOME QUALITY ISSUE THAT THEY KNEW THEY WANTED CAN I RESET AND  MAY BE COME IN WITH WITH SOME MORE CORN ACRES AS OPPOSE THE BEAN ACRES. BUT THEY RELY  HEAVILY ON US AND BRAZIL ON THAT. THEN THEY'RE UNEASY WITH THAT RELIANCE. BUT I THINK INDY IN  GENERAL THERE IN THEIR ECONOMY IS STRONG STRONGER THAN THEY PROBABLY WANT US TO TO THINK IT IS  A LOT OF PROJECTS ARE GONE GOING. I THINK THAT DEMAND BASE IS THERE FOR COMMODITIES LONGER  TERM REAL QUICK YOU THINK THEIR CUSTOMER BRAZIL IS GOING TO BE A SWITCH INTO THE PIPELINE HERE  PRETTY QUICK. WELL. BRAZIL IS BRAZIL AND THIS WHOLE SITUATION OF THE CORRUPTION AND THE CHANGE OF  GOVERNMENT AND THAT THE PAYMENTS THAT UNDER THE TABLE TYPE SITUATION THAT 'S BEEN ONGOING  FOR CENTURIES. WHAT BRAZIL NEEDS TO DO IS A MODERN COUNTRY OF THE COME UP AND STRAIGHTEN OUT  THOSE THINGS OF THAT. THERE ARE A RELIABLE SOURCE OF INFORMATION IN THEIR PRODUCTS. ERNST SCREEN FOR SAFETY AND THERE AND THEY ELIMINATE THIS KIND OF UNWANTED INDECISION THAT FORCES BUYERS TO  MAKE WHEN THEY DEAL WITH BRAZIL THEY HAVE THE CONFIDENCE THAT I THINK THEY'LL DO THAT OVER  TIME ALRIGHT JIM WE WILL KEEP AN EYE ON THAT APPRECIATE THE PERSPECTIVE WILL BE BACK WITH  MORE AGDAY IN JUST A 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 HERE WITH CINDI CLAWSON CINDI AS WE LOOK AT THIS MAP IT LOOKS TO ME  LIKE WELL. WE'VE GOT A FEW THINGS THAT'LL BE MOVING ACROSS THE COUNTRY. YES ABSOLUTELY. WE  TALKED IN OUR CROP COMMENTS ABOUT A MINNESOTA ILLINOIS ABOUT SOME FOLKS HAVING TO REPLANT  ABOUT HAVING A LOT OF MOISTURE IN IT LOOKS LIKE WE'RE GONNA SEE THAT SYSTEM IN THE UPPER  MIDWEST BRINGING A LITTLE BIT MORE RAIN TO SOME OF THOSE AREAS TODAY. LET 'S HEAD STRAIGHT TO THE  MAP SHOW YOU WHAT'S GOING ON YOU CAN SEE WE HAVE A COUPLE OF FINAL SYSTEMS IN THE  NATION'S MIDSECTION. ONE AFFECTING THE UPPER MIDWEST AND I ALSO IN THE PLANS I DON'T THINK OUR  MODEL IS PICKING UP ENOUGH ON MOISTURE FOR THIS ONE YOU SEE THAT AS WE PUT INTO MOTION WE  HAVE ANOTHER SYSTEM THAT 'S CONTINUING TO BRING SOME RAIN INTO THE NORTHEASTERN UNITED STATES  AND AS WE PUT THIS INTO MOTION YOU CAN SEE THAT WILL CONTINUE WE SEE THAT RAIN IN THE UPPER  MIDWEST BUT AS I MEANT I DON'T THINK I'M HOT I WAS PICKING UP ON THE MOISTURE THAT WILL BE THAT  WILL BE SEEING A LOT WITH THIS SOUTHERN FRONT SO I WOULD LOOK FOR THAT IF YOU'RE IN THE VICINITY  ESPECIALLY ARKANSAS PARTS OF MISSOURI AND INTO PARTS OF TEXAS AND OKLAHOMA AS WELL. THE  NORTHERN FRONT WILL BE BRINGING SOME RAIN INTO PARTS OF MINNESOTA INTO WISCONSIN EVEN INTO  NORTHERN ILLINOIS. AND WE SEE THAT FRONT STRETCHING ALL THE WAY BACK INTO PARTS OF WYOMING INTO  THE NORTHERN PLAINS AS WELL AS WE GET INTO SATURDAY. WE'RE' GOING TO SEE KIND OF THE SAME  THING TO SOME EASTWARD PROGRESS OF ALL OF OUR FRONTS BRING SOME MORE RAIN TO FAR EASTERN PART  OF THE CORN BELT AND THEN GETTING INTO IT ESPECIALLY THE MID ATLANTIC STATES AROUND THAT WARM  FRONT CARD HERE IS A LOOK THEN AND HOW THINGS ARE SHAPING UP AS FAR AS PRECIPITATION AGAIN. I  DON'T THINK IT 'S CORRECT BECAUSE I DON'T THINK IT 'S PICKING UP ENOUGH ON THE MOISTURE IN THE  SOUTHERN PARTS OF THE COUNTRY. BUT IT WAS THE NORTHERN PARTS WERE GETTING THTAT AND WE'RE  GONNA BE LOOKING AT SOME POTENTIALLY HEAVY RAIN ESPECIALLY IN PARTS OF THE FAR EASTERN CORN  BELT HEADING OVER TOWARDS THE MID ATLANTIC STATES ALRIGHT HERE IS A LOOK. AT SNOWFALL WE REALLY  DON'T SEE A WHOLE LOT OUT OF THAT ON THE MAP ANY MORE TO SOME OF THOSE VERY HIGH ELEVATIONS  IN PARTS OF THE ROCKIES ALRIGHT HERE 'S A LOOK THEN AT TEMPERATURES BOY WE'RE GOING TO BE ON  THE WARM SIDE IN THE SOUTHERN PLAINS STATES TODAY EVEN UP TO EIGHTY FIVE IN ST LOUIS AND WERE  STILL EVEN TOLERABLE. EVEN ACROSS THE NORTHERN TIER STATES WILL SEE THOSE HIGHS MAINLY IN THE SIXTIES WOULD HAVE A COOLER HIGH COURSE IS GOING BE RAIN THERE OVER IN BANGOR MAINE WITH A  HIGH OF FIFTY ONE IN THE OVERNIGHT HOURS WILL SEE THOSE TEMPERATURES DROPPING DOWN TO THE  FORTIES AND FIFTIES ACROSS THE NORTHERN TIER STATES WHERE WE STILL REMAIN VERY MILD IN THE  SEVENTIES EVEN AROUND EIGHTY DEGREES IN SOUTHERN TEXAS AND AS WE HEAD INTO TOMORROW  WE'RE GONNA SEE STILL VERY WARM TEMPERATURES ACROSS MOST OF THE SOUTHERN TIER OF THE UNITED  STATES A LITTLE COOLER OVER AND THAT 'S FAR SOUTHWEST OVER IN CALIFORNIA. BUT A LOT OF SIXTIES AND  SEVENTIES ACROSS THE NORTHERN TIER STATES THAT 'S A LOOK AT YOUR NATIONAL FORECAST NOW. LET 'S  CHECK ON THE WEATHER WHERE YOU LIVE CHOWCHILLA CALIFORNIA 'S SUNNY AND A BIT COOLER FOR YOU  TODAY WITH A HIGH OF SEVENTY NINE DEGREES PARIS ILLINOIS PARTLY CLOUDY A CHANCE FOR A FEW  SHOWERS AND THUNDERSTORMS MAINLY LATER IN THE DAY HIGH OF SEVENTY NINE. THERE IS WELL AND  DIXFIELD MAINE A COOLER WITH RAIN SHOWERS WITH HIGH OF FIFTY FIVE 

BIRTHDAY IN THE SENATE
WHILE THE SENATE CAN FACE SERIOUS BUSINESS, APPARENTLY THERE IS TIME  FOR A LITTLE LEVITY. SUCH WAS THE CASE THURSDAY AS THE SENATE AG COMMITTEE CELEBRATED  SENATOR AMY KLOBUCHAR'S BIRTHDAY! "WHO'S GOING TO LEAD US IN THAT SONG DO YOU WANT TO SING A SONG WELL I  THINK I THINK IT'S MOST APPROPRIATE GO AHEAD HAPPY BIRTHDAY TO YOU  HAPPY BIRTHDAY TO YOU HAPPY BIRTHDAY DEAR AMY HAPPY BIRTHDAY TO YOU ." NOBODY ASKED HOW OLD SENATOR KLOBUCHAR IS....BUT ACKNOWLEDGE SHE'S  OLD ENOUGH TO SERVE IN THE SENATE.

TEASE
WHEN WE COME BACK, WE'LL HEAD TO THE FIELDS WITH AGRONOMIST MISSY  BAUER--INCLUDING A LESSON IN GROWTH STAGES FOR SOYBEANS. AND LATER, THE CELEBRATION WOULDN'T BE COMPLETE WITHOUT A  REFRESHING BOTTLE OF MILK. MEET THIS YEAR'S INDY 500 MILKMAN TODAY ON IN THE COUNTRY.

FARM JOURNAL COLLEGE TV
USDA SAYS ABOUT 20 PERCENT OF THE NATION'S SOYBEAN CROP HAS EMERGED  THUS FAR. IN THIS MORNING'S FARM JOURNAL COLLEGE TV, MISSY BAUER HEADS TO FIELD  TO DISCUSS EMERGENCE AND THE GROWTH STAGES OF SOYBEANS. TODAY WE'RE TAKING A LOOK AT EARLY SEASON SOYBEAN GROWTH STAGES WHICH IS IMPORTANT TO KNOW  FOR DIFFERENT TIMINGS OF TREATMENTS THAT WERE NO ONE WHETHER YOU'RE ROLLING YOUR SOYBEANS OR  EVALUATING SCOUTING AND HERBICIDE TIMING BUT WHAT WE WANNA MAKE SURE WE UNDERSTAND AT  WHAT STAGE THAT 'S AT SO WHAT WE TALK ABOUT IN SOYBEANS IS THE V STAGE AND THE V STAGE WE  WORK OFF HOW MANY TRIFOLIATES IT HAS LIKE IN THIS CASE WE HAVE TWO FULLY DEVELOPED TRIFOLIATES SO  THIS SHOULD BE A V TWO SOYBEAN WHEN THE BEAN FIRST COMES UP WHAT WE'RE GONNA SEE IS THAT IT  HAS THE CATALIN STAGE AND THEN IT 'S GOT IT 'S UNIFOLIATES AFTER THAT IT'LL START TO PUT ON ITS FIRST SET OF TRIFOLIATES AS YOU CAN SEE HERE FROM A GROWTH STAGE PERSPECTIVE THIS WOULD STILL BE WHAT WE  CALL A VC PLANT OR UNIFOLIATE AS WELL AS THIS ONE WE WOULD NOT BE IN TOO A FIRST TRIFOLIATE OR V ONE UNTIL THIS THESE LEAVES ARE ACTUALLY UNFOLDED. YOU CAN SEE HERE. THEY'RE STILL CURLED UP AND  TOUCHING SO BY THE TIME WE GET INTO AN ACTUAL. V ONE THE LEAVES HAVE OPENED UP. SO HERE 'S A  V ONE PLANT BECAUSE I HAVE ONE TRIFOLIATE. THE SECOND ONE IT STARTED. BUT THERE 'S STILL TOUCHING  HERE 'S MY V TWO PLANT WITH TWO TRIFOLIATES AND HERE 'S MY V THREE PLANTS I'VE GOT ONE TOO AND NOW THREE TRIFOLIATES AGAIN THESE ARE UNFOLDED HERE SO THAT 'S HOW WE WANT IN A VALLEY  EVALUATE EARLY SEASON VEGETATIVE GROWTH STAGE IN SOYBEANS 

TEASE
THE GREATEST SPECTACLE IN RACING IS RIGHT AROUND THE CORNER.  AND IT WON'T BE LONG BEFORE THIS INDIANA DAIRYMAN IS HONORING A  TIMELESS TRADITION. HIS STORY--NEXT.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA'S BV4580 ROUND BALER. LEARN MORE AT KUBOTA.COM  OR VISIT YOUR LOCAL KUBOTA DEALER TODAY. EVERY MEMORIAL WEEKEND, RACE FANS GATHER TO WATCH THE INDY 500. AND AT THE END OF THE RACE, THE DAIRY INDUSTRY WILL BE WATCHING ONE  THEIR OWN CAP OFF THE WIN. BETSY JIBBEN SPENT TIME WITH THIS YEAR'S 500 MILKMAN AS HE PREPARES FOR  THE MOMENT. JOE KELSAY - A DAIRYMAN FROM INDIANA - HAS DONE IT ALL - HE MANAGES HIS FARM OF 500 COWS, AND HUNDREDS OF ACRES - RIGHT  OUTSIDE OF INDIANAPOLIS.  "WE ARE A 6TH GENERATION DAIRY FARM. WE WERE LAND GRANTED IN 1837 BY PRESIDENT MARTIN VAN  BUREAN. FOR GENERATIONS WE WERE IN CHARGE OF STEWARDING THIS LAND, TAKING CARE OF THE  ANIMALS..."A RESPONSIBILITY HE'S CARRIED FROM THE FARM TO THE STATE HOUSE...  IN 2009, I WAS APPOINTED TO BE THE DIRECTOR OF AGRICULTURE HERE IN INDIANA BY A FORMER  GOVERNOR, MITCH DANIELS AND SERVED HIS LAST 3 YEARS, TALKING ABOUT AG AND CONNECTING WHAT  WE DO EVERYDAY."AND NOW HE'S TAKING ON ANOTHER BIG JOB- NOT FAR FROM HIS BACK YARD..  THE RESPONSIBILITY OF REPRESENTING DAIRY PRODUCERS LIKE HIM ACROSS  THE COUNTRY AT THE  101ST RUNNING OF THE INDIANAPOLIS 500.  "THERE IS NOTHING LIKE INDIANAPOLIS IN THE MONTH OF MAY. AND THE EXCITEMENT THAT EXISTS IN  AND AROUND THE TRACK IS AN EXPERIENCE TO BEHOLD.""THIS IS SOMETHING THAT'S SO EXTRAVAGANT, THAT IT'S HARD TO PUT INTO WORDS, BUT EXTREMELY  EXCITED ABOUT BEING THERE AND BEING A PART OF THE INDIANAPOLIS 500 THIS YEAR."KELSAY'S JOB IS TO AWARD THE WINNER, CHIEF MECHANIC AND TEAM OWNER  WITH THE BOTTLES OF MILK. - A TRADITION THAT'S BEEN AROUND SINCE 1933 - WHEN WINNER LOUIS LOUIE  MEYER ASKED FOR A GLASS OF BUTTERMILK IN VICTORY LANE.  WHEN YOU CAN CONNECT THE TRADITIONS THAT HAPPEN IN AUTO RACING AT THE INDY 500 TO  THE TRADITIONS THAT HAPPEN IN YOUR OWN FAMILY. IT IS QUITE A SPECIAL FEELING,""AND KELSAY HAS SOME PRETTY BIG SHOES TO FILL THIS YEAR. HIS DAD, MERRILL WAS THE 2007  INDIANAPOLIS 500 MILK MAN."MERRILL KELSAY AWARDED THE 2007 WINNER - DAIRO FRANCHITTI THE COVETED BOTTLE OF MILK - IN FRONT OF MILLIONS ON TV, AND THOUSANDS ON THE TRACK - INCLUDING  HOLLYWOOD ACTRESS, ASHLEY JUDD.  ABLE TO STEP IN AND FILL IN THOSE SHOES BEHIND HIM, THAT'S A SPECIAL EVENT FOR  ME AND MY FAMILY TO REMEMBER HIM AS HE'S PASSED JUST LAST YEAR AND KIND OF HAVE THOSE  SPECIAL MEMORIES OF THE THINGS WE SHARE IN COMMON...5:49:03 IT'S A SPECIAL SET OF MEMORIES  FOR SURE. JOE SAYS HIS FATHER MERRILL DIDN'T EXACTLY GIVE HIM ADVICE FOR THE RACE  BUT HE DID LEAVE BEHIND AN ADAGE TO LIVE BY..  "HE WAS ONE OF THOSE GUYS THAT ALWAYS KIND OF ALWAYS HAVE A SPECIAL WAY ABOUT HIM WHEN  HE WOULD GIVE YOU ADVICE. BUT IT WAS MORE OF MAKE THE MOST OF EVERY SITUATION YOU FIND  YOURSELF IN"A WAY TO HOLD FAMILY MEMORIES CLOSE AND SHARE HIS EVERYDAY PASSION.. WITH MILLIONS ON RACEDAY.. "I'M REALLY BLESSED TO BE A PART OF THE INDUSTRY AND COMMUNITY THAT IS AGRICULTURE AND I'M EXCITED TO SHARE IT."REPORTING IN WHITELAND, INDIANA, I'M BETSY JIBBEN. 

CLOSE
A GREAT FAMILY LEGACY...THANKS BETSY. THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR BETSY JIBBEN AND CINDI CLAWSON. I'M CLINTON GRIFFITHS. HAVE A  GREAT DAY.

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