AgDay Daily Recap - September 11, 2017

September 11, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
SEPTEMBER 11, 2017


HEADLINES
CONGRESS IS PREPPING FOR A BUSY FALL PLUS, A PREVIEW OF THIS WEEK'S USDA PRODUCTION PREDICTIONS. IN AGRIBUSINESS....LOOKING AT LEAN HOGS. MACHINERY PETE JOINS US TOP TRENDS FROM AUCTION. AND FARMING WITHOUT THE FARMER...THIS FIELD IS GROWN AND HARVEST  ENTIRELY BY ROBOTICS. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

WASHINGTON VOTES
GOOD MORNING I'M CLINTON GRIFFITHS. IT'S PATRIOTS DAY, AS WE REMEMBER  THOSE FROM SEPTEMBER 11TH. 2001. AS IRMA CONTINUES ITS DEVASTING  ROUTE, THERE IS AT LEAST A DOWN-PAYMENT IN FEDERAL FUNDS TO HELP WITH  EMERGENCY RESPONSE. THE HOUSE VOTED OVERWHELMINGLY ON FRIDAY TO SEND A 15 BILLION DOLLAR  DISASTER AID PACKAGE TO PRESIDENT DONALD TRUMP.  THE LEGISLATION ALSO  KEEPS THE GOVERNMENT FUNDED INTO DECEMBER. THE 316-90 VOTE WOULD REFILL DEPLETED EMERGENCY ACCOUNTS WHICH HAVE  BEEN SEVERELY TAPPED BY HURRICANE HARVEY AND NOW IRMA. ALL 90 VOTES  WERE CAST BY REPUBLICANS WHO WERE OPPOSED TO TYING THE DISASTER AID  TO THE NATION'S DEBT CEILING. IT'S JUST THE FIRST INSTALLMENT OF A FEDERAL AID PACKAGE THAT COULD  RIVAL OR EXCEED THE 110 BILLION DOLLAR FEDERAL RESPONSE AFTER  HURRICANE KATRINA, 

WHAT LAWMAKERS HOPE TO ACCOMPLISH BEFORE END OF 2017
EVEN BEFORE THE NEED FOR DISASTER AID CAME-UP, CONGRESS RETURNED  FROM ITS SUMMER RECESS WITH AN AGGRESSIVE AGENDA TO TACKLE. BETSY JIBBEN HAS MORE WITH WHAT SOME AG. LEADERS AND LAWMAKERS  HOPE TO ACCOMPLISH BY THE END OF THE YEAR. CONGRESS HAS RETURNED FROM ITS SUMMER RECESS WITH A LOFTY AGENDA  TO TACKLE. BETSY JIBBEN HAS MORE WITH WHAT SOME AG. LEADERS AND LAWMAKERS  HOPE TO ACCOMPLISH BY THE END OF THE YEAR. THERE'S A LONG LIST OF ITEMS ON THE CONGRESSIONAL DOCKET THIS FALL. FROM RENEGOTIATING NAFTA, TO DEALING WITH HURRICANES, HEALTH CARE AND DREAMERS THE WORK IS PLENTIFUL. IOWA SENTATORS JONI ERNST AND CHCK GRASSLEY PENNING A LETTER TO MAJORITY LEADER MITCH  MCCONNELL ASKING FOR THE SENATE TO REMIAN IN SESSION DURING THE SCHEDULED OCTOBER RECESS TO WORK ON PROMISES MADE. FOR AGRICULTURE...MANY FARMERS ARE WATCHING THE POTENTIAL OF TAX REFORM. GRASSLEY SAYS THE FINANCE COMMITTEE IS PUTTING IT ON THE CALENDAR BETWEEN NOW AND THE FIRST  WEEK OF OCTOBER. WE'RE GOING TO HAVE SOME HEARINGS, WE'RE GOING TO HAVE SOME WHAT YOU CALL RUMP  SESSIONS OF THE COMMITTEE WHERE WE LISTEN TO EVERYBODY - BOTH REPUBLICAN AND  DEMOCRAT.AND THEN WE WILL START TO WRITE A BILL IN OCTOBER,""DO YOU THINK THIS IS TOO DATED WITH PAUL?: ><"IF IT DOESN'T HAPPEN BY THE END OF THIS  YEAR, IT'S PROBABLY NOT GOING TO HAPPEN BECAUSE THERE'S A MID TERM ELECTIO NEXT YEAR."NEIFFER SAYS REGARDLESS OF WHAT'S INCLUDED IN THE PACKAGE, HE EXPECTS  A REDUCTION IN THE TOP TAX RATE. ANOTHER AREA WHERE I THINK EVEN IF WE DON'T GET BROAD TAX REFORM, PROBABLY WHAT  WE'RE LIKELY TO GET IS A REDUCTION IN THE TOP TAX RATE FOR FARM BUSINESS (TAKE OUT) IF IT'S A FARM  BUSINESS, WE'RE LIKELY TO GET IT DROPPED DOWN TO THAT 20 PERCENT RANGE," THEN THERE'S TRADE, THE ADMINISTRATION'S REVIEW OF NATIONAL MONUMENT DESIGNATIONS AND  REVAMPING THE CONTROVERSIAL WATES OF THE U.S. RULE. "SURELY A NEW WOTUS RULE TO DETERMINE WHERE FEDERAL JURISDICTION LIES AS IT RELATES TO  WATERS."THE RFS MAY ALSO GET ANOTHER LOOK. SOME PEOPLE IN MY DISTRICT SAY THE RFS IS MORE IMPORTANT THAN THE FARM BILL. THERE'S NO QUESTION IT'S MADE A HUGE DIFFERENCE WITH CORN PRICES,"PETERSON MAY GET A CHANCE TO FOCUS ON THE FARM IF A NEW FARM BILL MAKES IT'S WAY TO THE FLOOR. "THE WAY THIS THING IS GOING, I THINK THEY'RE GOING TO HAVE NO ACCOMPLISHMENTS COMING  TOWARDS THE END OF HTE YEARTHEY MAY SEE THE FARM BILL AS A WAY TO HAVE A WIN,"HOWEVER IT COULD GET PUSHED TO EARLY 2018. "YES, EITHER LATE THIS YEAR OR EARLY NEXT YEAR IS THE TIMELINE, EITHER ONE OF THOSE I THINK WE'LL HAVE FLOOR TIME,"LAWMAKERS FOCUSING SQUARELY ON COTTON AND DAIRY SAFETY NETS THIS TIME AROUND. ALTHOUGH  CONAWAY ADMITS THERE WILL BE ON THE SUPPLEMENT NUTRITION ASSISTANCE PROGRAM TOO. INCLUDING  THINGS LIKE MODERNIZING WORK REQUIREMENTS AS PART OF AN OVERALL WELFARE SYSTEM REVIEW. "THE TWO AND A HALF YEARS WE'VE TALKED ABOUT SNAP REFORM, IT'S ABOUT MAKING IT WORK BETTER  AND MORE EFFICIENTLY AND NOT ONE TIME DID WE TALK ABOUT CUTS FOR THE SAKE OF CUTS," REPORTING  FOR AGDAY,I'M BETSY JIBBEN .

BRAZIL’S TARIFFS ON U.S. ETHANOL
U-S ETHANOL SUPPORTERS ARE CALLING UPON THE GOVERNMENT TO RESPOND  TO TARIFFS BRAZIL SLAPPED ON U-S ETHANOL. GROWTH ENERGY, THE RENEWABLE FUEL ASSOCIATION AND THE U-S. GRAINS  COUNCIL WANT LAWMAKERS TO TAKE ACTION AFTER BRAZIL'S CHAMBER OF  FOREIGN TRADE IMPOSED A TWO-YEAR TARIFF-RATE QUOTA FOR ETHANOL  IMPORTS LATE AUGUST. A 20 PERCENT TARIFF WILL BE TACKED ON U-S ETHANOL PRODUCTS ONCE BRAZIL  SURPASSES IMPORTS OF ABOUT 158 MILLION GALLONS FROM THE U-S. THE PRESIDENT AND CEO OF U.S. GRAINS COUNCIL SAYS BRAZIL IS NOT  BREAKING ANY WORLD TRADE ORGANIZATION RULES WITH THE TEMPORARY  TARIFF, BUT IT DOES BREAK A "WORKING AGREEMENT" THE TWO NATIONS HAVE  HAD FOR SEVERAL YEARS. "THE U.S. IS BRAZIL'S NUMBER ONE MARKET FOR ETHANOL. BRAZIL IS OUR NUMBER ONE MARKET FOR  ETHANOL. TO EJECT A PROJECTIONIST MOVE INTO THIS ARENA MAKES NO SENSE WHEN BARELY MONTHS  AGO, TWO INDUSTRIES WERE TALKING TOGETHER WITH HOW WE CAN CONTINUE TO EXPAND GLOBAL TRADE  IN BIO FUELS TO LET HOW WE CAN COMPETE WITH EACH OTHER BUT NOW ON A LEVEL PLAYING FIELD."> SLEIGHT SAYS IT MAKES NO SENSE FOR BRAZIL TO IMPOSE WHAT HE CALLS A  "PROTECTIONIST MOVE" WHEN JUST TWO MONTHS AGO THE ETHANOL  INDUSTRIES FROM BOTH COUNTRIES WERE DISCUSSING WAYS TO EXPAND  GLOBAL TRADE IN BIOFUELS. SLEIGHT WOULD LIKE AG SECRETARY SONNY PERDUE TO TALK WITH HIS  BRAZILIAN COUNTERPART TO WORK OUT THE TARIFF ISSUE.

WASDE PREVIEW
TOMORROW AT NOON EASTERN WE'LL GET A FRESH YIELD ESTIMATE FROM USDA. THE AUGUST REPORT TURNED A LOT OF HEADS IN FARM COUNTRY. SO WHAT DO ANALYSTS EXPECT THIS TIME AROUND. REUTERS COMPILING THE AVERAGE TRADE GUESS AHEAD OF USDA. THEY EXPECT YIELDS TO BE DOWN FROM AUGUST. CORN ANALYSTS LOOKING FOR AN AVERAGE YIELD OF 168 WITH TOTAL  PRODUCTION OF 14 POINT 03 BILLION BUSHELS.. THAT'S A BUSHEL LOWER THAN USDA'S AUGUST NUMBER. ON SOYBEANS THE TRADE IS CALLING FOR AN AVERAGE YIELD OF 48 POINT 8  BUSHELS TO THE ACRE...AND 4 POINT 3 BILLION BUSHELS. THAT'S ABOUT A HALF BUSHEL LOWER THAN USDA'S AUGUST REPORT.ON WHEAT, IT'S REALLY ABOUT GLOBAL PRODUCTION AND DEMAND. LOOK FOR USDA TO INCREASE PRODUCTION ESTIMATES IN THE BLACK SEA AREA ONCE AGAIN, DOESN'T  CHANGE THE TRADE PICTURE. U.S. HARD RED WINTER WHEAT IS NOW IN GOOD DEMAND IT IS WELL-PRICED  IN A WORLD MARKET.  WE'RE STARTING TO SEE SOME SLOW ELEVATION OF THOSE WORLD PRICES.SUDERMAN ALSO EXPECTS WINTER WHEAT ACREAGE TO TAKE ANOTHER HIT  NEXT YEAR, FALLING BEYOND THIS YEAR'S RECORD LOWS. 

CROP COMMENTS
METEOROLOGIST DAVID HARKER FROM AGDAY AFFILIATE WNDU IS IN FOR MIKE  HOFFMAN TODAY. HE HAS OUR CROP COMMENTS. GOOD MORNING CLINTON. WE HEARD FROM A FARMER IN JACKSON COUNTY, IOWA. HE SAYS CROPS ARE STILL  PROGRESSING BEHIND NORMAL. HE GUESSES CORN IS ABOUT TEN DAYS BEHIND.  CORN SILAGE HARVEST  SHOULD BE IN FULL SWING THIS WEEK. STATEWIDE 60-PERCENT OF IOWA CORN IS AT THE 'DENT' STAGE...EIGHT POINTS BEHIND THE FIVE YEAR  AVERAGE. IN PENNSYLVANIA PEACH HARVEST IS WRAPPING UP WITH DECENT YIELDS BEING REPORTED. APPLE  HARVEST IN FULL SWING.  "NASS" SAYS 98-PERCENT OF THE STATE'S APPLE CROP IS  RATED GOOD TO EXCELLENT. AND A WHOPPING 88-PERCENT OF CORN IS GOOD TO EXCELLENT. BUT IT'S  RUNNING BEHIND IN THE "DENT" STAGE. AND NOW HERE ARE SOME HOMETOWN TEMPS.

TEASE
WE'LL TALK CHANGES IN THE SUPPLY AND DEMAND PICTURE FOR LEAN HOG  MARKETS. PLUS MACHINERY PETE IS HERE STAY TUNED FOLKS COMING UP I'LL TELL YOU ABOUT TWO TRACTORS THAT REALLY CAUGHT MY ATTENTION AT  AUCTION LAST WEEK. AND LATER, THESE U-K RESEARCHERS THINK THE FUTURE BELONGS TO HANDS- FREE FARMING. THAT STORY TODAY ON IN THE COUNTRY.

FLOOR OF THE CME
IN AGRIBUSINESS... DEERE AND COMPANY ANNOUNCING A NEW ACQUISITION...  PLANNING TO BUY BLUE RIVER TECHNOLOGY. THE 305 MILLION DOLLAR INVESTMENT WILL FOCUS ON BLUE RIVER'S SEE AND  SPRAY TECHNOLOGY. IT'S AN INTEGRATED COMPUTER DRIVEN SPRAYER CAPABLE OF ONLY SPRAYING  WEEDS RATHER THAN WHOLE FIELDS. LETS SEE HOW MARKETS FINISHED LAST WEEK AHEAD OF HURRICANE IRMA.  DETAILS FROM OUR FRIENDS ON THE FLOOR. HIGH IT'S BEEN A CHOPPY SESSION AND IN CHICAGO ON A FRIDAY. SOYBEANS AND SOY COMPLEX GENERALLY TRADING JUST A LITTLE BIT LOWER WITH THE CORN THE WHEAT AND THE RICE TRADING JUST A LITTLE BIT HIGHER HERE ON THE COURSE OF THE DAY. BUT IT'S BEEN AN EXTREMELY NERVOUS TRADE. I EXPECT THAT TO CONTINUE EVEN IF NOTHING HAPPENS OVER THE WEEKEND BECAUSE OF IRMA.WE HAVE SOME COOL AND DRY WEATHER HERE IN THE MIDWEST. IT WILL WARM UP NEXT WEEK BUT IT STILL LOOKS TO REMAIN RATHER DRY AND WE NEED ONE MORE GOOD RAIN IN A LOT OF AREAS TO REALLY BRING THESE CROPS HOME. A HIGHER DAY IN LIVESTOCK MARKETS AT LEAST IN THE CATTLE AND THE FEEDER CATTLE EVEN THE HOGS STARTING TO RECOVER INTO THE CLOSE AND CLOSED RATHER RATHER WELL CONSIDERING ALL MARKETS REALLY SHOWING SIGNS OF BEING OVER ALL AS MUCH OF IT AS ANYTHING. DEMAND ESPECIALLY FOR BEEF REALLY RATHER BAD ON THE EXPORT SALES REPORT ON FRIDAY. AND THERE REALLY WASN'T ANY CASH MARKET TO SPEAK OF AT LEAST THROUGH THE CLOSE OF THE DAY ON FRIDAY AS WELL. THANKS VERY MUCH. THIS IS JACK SCOVILLE. I'M VICE PRESIDENT PRICE FUTURES GROUP HERE ON THE CME GROUP FLOOR FOR SOME COMMENTS FOR THE MARKET.

AGRIBUSINESS
WITH CAPACITY COMING ON LINE THE SUPPLY SIDE OF THE HOG MARKET IS  CHANGING. TYNE MORGAN JOINS US FROM THE ROAD WITH MORE. HERE NOW WITH DON ROOSE WITH U.S. COMMODITIES DON WHEN WE LOOK AT THIS HOG MARKET IT'S  REALLY A SUPPLY STORY RIGHT NOW AND WE HAVE THESE PLANTS COMING ONLINE IN THE MIDWEST. YOU  KNOW WE'RE SEEING PRODUCTION. RAMP UP. SO IT SEEMS LIKE SOMETHING'S GOT TO GIVE. DEMAND  WISE IN ORDER TO OFFSET THAT HIGHER PRODUCTION. WELL I THINK WHEN YOU LOOK AT IT TYNE YOU'RE  EXACTLY RIGHT WE'RE IN A SUPPLY BEAR MARKET ON THE HOGS IF YOU LOOK AT LAST YEAR WE HAVE KIND  OF A REPEAT SITUATION. BUT IN THE THIRD QUARTER WE'RE GOING TO HAVE SUPPLIES UP 2 PERCENT OVER  YEAR AGO THE FOURTH QUARTER WE'RE GOING TO BE UP 4 PERCENT OVER A YEAR AGO. THEN AS WE  MOVE INTO THE FIRST QUARTER NEXT YEAR WE GO UP JUST 1 PERCENT. BUT THEN THE SECOND QUARTER OF  NEXT YEAR 2018 WILL GO UP ALMOST 7 PERCENT OVER YEAR AGO SO WE'VE GOT A LOT OF HOGS COMING  AT US. BUT LIKE YOU ALLUDED TO YOU KNOW THE BIG POSITIVE IS THE FACT THAT WE DO HAVE SOME 4  NEW PLANTS COMING ON BOARD. TWO OF THEM IMMEDIATELY IN PRODUCTION ARE GOING TO START OUT AT  TEN THOUSAND HEAD A DAY RAMP UP TO 20000 HEAD A DAY. AND SO THAT CERTAINLY IS GOING TO BE  GOOD FOR THE PRODUCER AND FROM AN OVERALL COMPETITION STANDPOINT AND THAT'S WHAT WE REALLY NEEDED IS SOME NEW TO ME AND COMING IN YEAH THE SUPPLY HAS A HOME AS FAR AS PROCESSING GOES BUT WHAT ABOUT BEYOND THAT WHEN WE LOOK AT THE FINISHED PRODUCT DEMAND WISE IS  THERE WE'RE HOME ON ON THAT END OF IT. WELL I GUESS THE BIG QUESTION MARK AND I THINK THAT'S  THE THING THAT WE'RE TRYING TO FIGURE OUT BECAUSE IF YOU LOOK AT THE GOVERNMENT THEY'RE SAYING  OUR EXPORTS IN 2017 WERE 22 PERCENT OF PRODUCTION IN THIS NEXT YEAR 2018 STILL 22 PERCENT OF  PRODUCTION. SO IT'S GOING TO HAVE TO COME FROM NEW EXPORTS OPENING UP THAT WE DON'T SEE  RIGHT NOW. ALSO WE'RE GOING TO HAVE TO HOPEFULLY PUSH UP THE DEMAND A LITTLE BIT DOMESTICALLY  BECAUSE THAT'S WHERE THE REAL PUSHES SO IT'S THAT COMBINATION IS VERY MUCH AN UNKNOWN SO  FAR. BUT WITH DOMESTIC DEMAND WE'RE KIND OF PAST THE LABOR DAY WEEKEND PAST THE GRILLING  SEASON SO SEASONALLY WITH DEMAND AND PRICES WHAT DO WE SEE AND DO YOU THINK THAT THAT'S  THE CASE THIS YEAR. WELL SEASONALLY WHAT REALLY HAPPENS IS USUALLY ON THE HOG MARKET  TRADITIONALLY WE DON'T BOTTOM UNTIL WE GET CLOSER TO THE FIRST WEEK OF NOVEMBER. WE JUST HAD A  TREMENDOUS BREAK IN THE HOGS. NOW WE'VE HAD ALMOST A 50 PERCENT RETRACEMENT HERE AND  THIS MARKET IS PROBABLY GOING TO STALL AGAIN AND WE'RE GOING TO SEE ABOUT THE SUPPLIES THEY  START TO OVERWHELM US AGAIN. WEIGHTS ARE ON THE RISE NOT ONLY IN THE PORK BUT ALSO IN THE BEEF.  WE'VE GOT A LOT OF RED MEAT COMING AT US HERE IN THE FOURTH QUARTER AND NOT ONLY WITH PORK  BUT WITH BEEF. REAL QUICK WHAT'S YOUR ADVICE THEN FOR PORK PRODUCERS LOOKING TO PRICE. WELL I  THINK THE FOURTH QUARTER IS ALWAYS A TOUGH TIME FOR PRODUCERS SO WE DEFINITELY THINK THAT YOU  KNOW OUR SHORT COVERING RALLY LIKE WE JUST HAD AND THAT WE'RE IN THE MIDST OF SHOULD BE USED  FOR CATCH UP RISK MANAGEMENT UP AROUND 62 IN THE DECEMBER HOGS 64 65 IN THE OCTOBER  AND MAKE SURE TO LOOK AT ALL THE MONTHS GOING OUT EVEN IN THE SUMMER WHEN THEY'RE CLOSE TO  $80 A HUNDRED WEIGHT. ALL RIGHT DAN ROOSE THANKS SO MUCH FOR JOINING US. WE APPRECIATE IT.  WE'RE GOING TO TAKE A QUICK BREAK ON AGDAY BUT WE'LL BE RIGHT BACK. 

WEATHER
DAVID HARKER IN FOR METEOROLOGIST MIKE HOFFMAN TODAY DAVID AS WE LOOK AT THIS MAP AND WE  KNOW IRMA'S GOING TO BRING A LOT OF RAIN WE JUST DON'T KNOW HOW MUCH BUT IT'S GOING TO BE WET  IN THE SOUTHEAST. YEAH IT SURE WILL BE AND IT'S NOT JUST ONE SPECIFIC LOCATION LIKE FLORIDA OR JUST  THE CAROLINAS. NO. IT'S BASICALLY A STRETCH FROM FLORIDA ALL THE WAY UP INTO THE OHIO RIVER  VALLEY AND AS WE TAKE A LOOK AT THE SCREEN.  PRECIPITATION IT WILL CONTINUE ACROSS THE DEEP SOUTH. AS WE LOOK TO THE NEXT 30 DAYS. BUT IN  THE IMMEDIATE FUTURE IT'S MAINLY IN THE SOUTHEAST WHERE IRMA WILL IMPACT FLORIDA ALL THE WAY  UP AND DOWN THE EASTERN SEABOARD TOWARD THE CENTRAL PART OF THE COUNTRY BELOW NORMAL  PRECIPITATION IS LIKELY WE'VE GOT A HIGH PRESSURE SYSTEM BUILDING IN THE UPPER GREAT LAKES  AND THEN THE HEAT CONTINUING IN THE DEEP SOUTH. ABOVE NORMAL WHEN WE TALK PRECIPITATION OUT IN THE MOUNTAINOUS WEST THAT'LL BE SOME RELIEF FROM THE WILDFIRES THAT HAVE BEEN BURNING  NONSTOP THERE IN IDAHO ALL THE WAY OUT TO CALIFORNIA. AND AS WE KNOW INTO MONTANA AS WELL.  SO WE TAKE A LOOK AT THE JET STREAM COMING UP HERE TODAY. NOTICE THAT WE'VE GOT IRMA MAKING  HIS TRACK THROUGH FLORIDA EVENTUALLY IMPACTING THE TENNESSEE RIVER VALLEY THAT WILL EVENTUALLY  BE TAKEN UP WITH ANOTHER UPPER LEVEL SYSTEM AND MOVE OUT TO SEE A BIG RIDGE OF HIGH  PRESSURE MEANING MORE HEAT COMING. AS WE LOOK TO THE MIDDLE OF THE WORKWEEK IN THE DEEP SOUTH IN THE FOUR CORNERS REGION HOPEFULLY AS MENTIONED GETTING SOME RELIEF IN THE MOUNTAINOUS WEST WHERE THE WILDFIRES CONTINUE TO BURN. WE'LL SEE THE CONDITIONS MORE OR LESS STABILIZE FOR THE UPCOMING WEEKEND AND YOU'LL NOTICE THAT BY THAT MORE LINEAR FLOW FROM  WEST TO EAST BUT THAT WILL BE SHORT LIVED AS A BIG RIDGE AND PROVIDING MORE HEAT TO THE FOUR  CORNERS AND THE DEEP SOUTH. MOST OF TEXAS IS GOING TO SEE ABOVE NORMAL TEMPERATURES AS  WE LOOK TO THE NEXT SAY WEEK TO 10 DAYS. SO WE TAKE A LOOK AT TEMPERATURES ABOVE NORMAL.  AS MENTIONED THAT BIG AREA OF RED SHOWING UP FROM THE PACIFIC NORTHWEST DOWN THROUGH  CALIFORNIA NEVADA AND EVEN INTO ARIZONA AS DOES STRETCH INTO THE UPPER GREAT LAKES AS WELL  AS THE NORTHEAST BELOW NORMAL TEMPERATURES AS WE LOOK WHERE THE RAIN SHOWERS ARE GOING TO  STILL BE HEAVY IN ANY AREA BASICALLY FROM SOUTHEAST TEXAS STRETCHING ALL THE WAY OUT TO THE  CAROLINAS VIRGINIA AND WEST VIRGINIA TOO ABOVE NORMAL WHEN WE TALK TEMPERATURES IN THE  EXTREME SOUTHERN PANHANDLE OF FLORIDA. WE LOOK 30 DAYS OUT AND THERE'S A BELOW NORMAL  TEMPERATURES AND YOU'LL NOTICE THAT STRETCHING FROM THE UPPER GREAT LAKES REGION THROUGH THE  OHIO RIVER VALLEY ALONG THE MISSISSIPPI RIVER AND ALL THE WAY DOWN INTO SOUTH TEXAS. ABOVE  NORMAL TEMPERATURES ARE LIKELY TO BE THE CASE IN THE PACIFIC NORTHWEST STRETCHING ALL THE WAY  DOWN INTO SOUTHERN CALIFORNIA. LET'S TALK PRECIPITATION 30 DAYS OUT AND YOU'LL NOTICE A GOOD  PORTION OF THE COUNTRY EAST OF THE MISSISSIPPI RIVER DEALING WITH ABOVE NORMAL PRECIPITATION.  THE UPPER PLAINS STATES ALL THE WAY OUT TO MONTANA IDAHO AND WASHINGTON STATE LIKELY TO DEAL WITH THE BELOW NORMAL PRECIPITATION. HOPEFULLY A SMALL SPIKE IN THE RAINFALL WILL CERTAINLY  HELP THOSE FOLKS DEALING WITH ALL OF THE ABOVE THE ABOVE NORMAL PRECIPITATION. AND THE  WILDFIRES. LET'S TAKE A LOOK AT OUR FORECAST FOR A COUPLE OF CITIES. EIGHTY FIVE DEGREES IN TWIN  FALLS IDAHO WITH AREAS OF SMOKE DUE TO THE WILDFIRES. CROSS PLAINS TEXAS. 88 DEGREES WITH A  DRY AFTERNOON AND WE'LL LIKELY SEE AN ALTA VISTA VIRGINIA CLOUDS AND RAIN SHOWERS WITH A HIGH  OF 72.

TEASE
MACHINERY PETE IS KEEPING HIS EAR OPEN TO AUCTION INTEREST..UP NEXT  HE'LL TELL YOU WHERE BUYERS SEEM FOCUSED THESE DAYS. AND LATER, IN THE FUTURE HARVEST MAY NOT MEAN LONG HOURS IN THE CAB  OF A COMBINE.  WE'LL LOOK AT A FIELD GROWN AND HARVESTED ENTIRELY BY  ROBOTS.

MACHINERY PETE
"MACHINERY PETE IS BROUGHT TO YOU BY JOHN DEERE…WHERE CAN YOU FIND THE MOST  COMPREHENSIVE INVENTORY OF JOHN DEERE CERTIFIED PRE-OWNED TRACTORS, COMBINES AND  SPRAYERS?  MACHINE FINDER-DOT-COM … SOMETIMES THE BEST NEW ADDITION TO YOUR FLEET ISN'T NEW!" DURING THE PAST FOUR YEARS WHEN GRAIN PRICES STRUGGLED TO RALLY,  SALES ON NEW LARGER FARM EQUIPMENT WERE STAGNANT. BUT AS MACHINERY PETE SHOWS US THIS MORNING, USED SMALLER TRACTORS  ARE STILL FETCHING SOME DECENT PRICES FOR SELLERS. WELL LAST WEEK FOLKS I HIGHLIGHTED A PAIR OF 115 HORSE TRACTORS LATE MODEL THAT SOLD VERY HIGHER  THAN REASON AUCTIONS THIS WEEK. LET'S BUMP UP A LITTLE BIT IN HORSEPOWER TO THAT 135 TO 140  RANGE. AND AGAIN SAME TREND. TWO TRACTOR'S RECENT AUCTIONS VERY HIGH PRICES. BUT HERE'S A  PICTURE OF A KUBOTA AND 135 GX ONE HUNDRED NINETY SEVEN HOURS ON IT SOLD WITHOUT A LOADER.  BROUGHT FIFTY SIX THOUSAND DOLLARS ON A CONSIGNMENT AUCTION IN CENTRAL OHIO A WEEK AGO  SATURDAY BACK ON SEPTEMBER 1ST. THAT'S THE HIGHEST AUCTION PRICE I'VE EVER SEEN ON AND 135  GX SOLD. WITHOUT A LAWYER. NOW LAST THURSDAY ON A FARM AUCTION IN NORTH CENTRAL IOWA THIS  2012 CASE IH. MAXXUM 140 WITH 501 HOURS ON IT SOLD WITH AN L755 LOADER AND 7 FOOT BUCKET WENT FOR $80000. AND AS I LOOK BACK THROUGH OUR AUCTION SALE PRICE DATA THAT IS THE HIGHEST  OCTANE PRICE I'VE EVER SEEN AND A MAXXUM 140. NOW YES IT DID SO WITH A LOADER. BUT FOR  PERSPECTIVE IF I LOOK BACK OVER THE LAST YEAR THE TWO HIGHEST AUCTION PRICES I'VE SEEN ON  MAXXUM 140 SOLD WITHOUT ORDERS WERE 73000 AND $74000. BUT THOSE WERE BOTH 14 MODELS  LAST THURSDAY ON THE IOWA AUCTION WAS A 12 MODEL. SO BOTTOM LINE HERE FOLKS USED TRACTORS  IN VERY GOOD CONDITION UNDER A 150 HORSE. THERE IS TREMENDOUS BUYER INTEREST IN THOSE RIGHT  NOW. THANKS GREG. HE GOT A CLOSE LOOK AT RAM'S NEW FARMER FOCUSED HARVEST EDITION  TRUCK DURING THE FARM PROGRESS SHOW. THE COMPANY SAYS THEY POLLED FARMERS AND ASKED THEM SPECIFICALLY WHAT THEY WERE LOOKING FOR IN FEATURES. THE NEW CONCEPT EVEN INCLUDES SATELLITE WEATHER DATA. FARMER CAN BE DRIVING ALONG USING THE STEERING WHEEL AUDIO CONTROLS THE VOICE TEXT AND THEN PULL UP THE THE WEATHER RADAR ON HIS 8-4 TOUCH SCREEN IN THE MIDDLE OF HIS TRUCK AND GET ALL THE INFORMATION HE WANTS TO READ FROM THE FRONT SEAT OF HIS RAM. THE HARVEST EDITION WAS IMPORTANT TO US BECAUSE WE GOT A GREAT CONNECTION WITH FARMERS AND THIS WAS OUR WAY TO RECOGNIZE THEIR CONTRIBUTION TO AMERICA AND REALLY SALUTE THE FARMERS WORK FOR THE HARDWORKING RAM TRUCK. [26.6] BECAUSE OF RAM'S CORPORATE AFFILIATON, THE TRUCKS COME IN TWO  COLORS...CASE RED AND NEW HOLLAND BLUE.

TEASE
WHEN WE COME BACK, A HANDS FREE HARVEST AS RESEARCHERS PUSH TO SEE  WHAT'S POSSIBLE.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA.  CHECK OUT KUBOTA'S RTV-X-1140, A RUGGED  UTILITY VEHICLE WITH SEATING FOR FOUR.  SYOP BY YOUR LOCAL DEALER TODAY, OR VISIT KUBOTA.COM.  IT WON'T BE LONG BEFORE COMBINES START ROLLING ACROSS THE REST OF THE  LOWER 48...AS HARVEST 17 KICKS INTO HIGH GEAR. BUT WHAT IF YOU NEVER HAD TO SET FOOT ON THE FIELD. THAT WAS THE IDEA BEHIND THIS CONCEPT IN SHROPSHIRE ENGLAND. RESEARCHERS FROM HARPER ADAMS UNIVERSITY MANAGING TO PLANT,  MANAGE AND HARVEST A FIELD OF BARLEY USING NOTHING BUT ROBOTS. THEY CALL IT THE HANDS FREE HECTARE. THE TEAM GETTING ABOUT 260-THOUSAND DOLLARS IN GOVERNMENT FUNDS TO  HELP OUTFIT A TRACTOR AND COMBINE WITH THE SELF GUIDED TECHNOLOGY. THE PROJECT'S LEADER SAYS IT'S LIKELY THE MOST EXPENSIVE BARLEY EVER  GROWN BUT THING AUTOMATION IS THE WAY OF THE FUTURE. ADDING THAT SMALLER SMARTER VEHICLES COULD HELP IMPROVE PRECISION  AGRICULTURE LEADING TO LESS SOIL COMPACTION. THEY EVEN USED DRONES FOR SCOUTING AND TAKING SAMPLES. " WE'VE GOT A CLAW GRABBER AT THE BASE OF IT. IN FACT YOU ACTUATE THE CLAW. PLAN ACTUALLY. SO WHEN WILL THAT ACTUALLY BE OVER THE TOP THAT WILL FLY AWAY AND ACTUALLY BRING IT BACK TO THE AREA." THE RESEARCHERS SAY THIS TECHNOLOGY HAS A WAYS TO GO. THE TRACTOR THEY USED DIDN'T PLANT IN STRAIGHT LINES AND THEY  STRUGGLED TO GET IT REPURPOSED FOR SPRAYING IN A TIMELY FASHION. ADDING THAT THERE'S STILL SOMETHING TO THE FARMER GOING OUT INTO THE  FIELD AND OBSERVING CONDITIONS THAT TECHNOLOGY CAN'T QUITE REPLICATE  JUST YET.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR BETSY JIBBEN, TYNE MORGAN AND DAVID HARKER. I'M CLINTON GRIFFITHS.  HAVE A GREAT DAY. 

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