AgDay Daily Recap -December 16, 2016

July 19, 2016 02:57 AM
 
AgDay

TODAY ON AGDAY
DECEMBER 16, 2016


HEADLINES
COMING UP TODAY ON AGDAY - THE LATEST RURAL MAINSTREET INDEX SAYS THE  FARM ECONOMY CONTINUES TO STRUGGLE. FALLING LAND PRICES ARE RAISING  COMPARISON'S TO THE 80'S. ON THE PROFARMER PROFIT BRIEFING...THE  STRENGTH OF THE DOLLAR. FARM JOURNAL COLLEGE TV SAYS LOOK OUT FOR SPIDER MITES IN SOYBEANS.  AND A GREAT AMERICAN BARN ORDERED FROM THE SEARS CATALOGUE . AGDAY- BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

LAND VALUES
GOOD MORNING I'M CLINTON GRIFFITHS. THE DOW JONES INDUSTRIAL AVERAGE  IS EDGING CLOSER TO THAT 20-THOUSAND THRESHOLD AS THE MARKET GROWS  STRONGER. BUT THOSE POSITIVE ATTITUDES ARE NOT BEING FELT IN MUCH OF  RURAL AMERICA. ECONOMISTS AT CREIGHTON UNIVERSITY RELEASING THEIR MONTHLY RURAL  MAINSTREET INDEX. IT SHOWS THE R-M-I REMAINED BELOW GROWTH NEUTRAL  FOR 16 STRAIGHT MONTHS. THE INDEX IS BASED ON A SURVEY WITH BANKERS IN TEN STATES IN THE MIDWEST AND GREAT PLAINS. ECONOMIST ERNIE GOSS SAYS - QUOTING NOW - "UNTIL AGRICULTURAL  COMMODITY PRICES BEGIN TO TREND HIGHER, I EXPECT BANKER'S ECONOMIC  OUTLOOK TO REMAIN WEAK."  IT IS DELICATE. WE'VE SEEN SOME DEPRESSEDPRICES ON BOTH ENDS - BOTH GRAIN SIDE AND LIVESTOCK SIDE, PRICES HAVECOME DOWN. BUT WE'VE ALSO SEEN RECENTLY THAT THEY CAN GO BACK UP.AND WE'RE NOT A THE LEVELS WE'VE SEEN OVER THE PAST YEAR OR SO AS FAR AS HIGH PRICES. BUT THE MARKET WILL MOVE AND ALL IT WILL TAKE IS SOMETHING TO HAPPEN AROUND THE WORLD FOR A SCARE TO HAPPEN, A SHORTER PRODUCTION, EXTRA DEMAND AND WE GO BACKUP. SO RIGHT NOW SAY IN THE GAME AND LIVE TO FARM ANOTHER YEAR.THE INDEX ALSO SHOWING FARMLAND PRICES DECLINED FOR THE 37TH STRAIGHT MONTH.  AND AS WE REPORTED YESTERDAY, SOME OF THESE TRENDS HAVEN'T BEEN  SEEN SINCE THE LAST FARM CRISIS. BETSY JIBBEN JOINS US WITH MORE. A NEW IOWA FARMLAND VALUES STUDY IS SHOWING THE STATE'S FARMLAND VALUES ARE TUMBLING FOR THE THIRD YEAR IN A ROW THROUGHOUT ALL 99  COUNTIES. THIS IS THE FIRST TIME IT'S HAPPENING SINCE THE 1980S FARM  CRISIS. JACOB LAMMERT IS ONE IOWA PRODUCER WHO KNOWS WHAT IT'S LIKE TO FARM  NEAR A CITY.  "WE'RE CLOSE ENOUGH TO A LARGE CITY WHERE OUR PROPERTY VALUES ARE HIGHER BECAUSE YOU'RE  FIGHTING INVESTORS AND STUFF."BUT A NEW REPORT FROM IOWA STATE UNIVERSITY SAYS THOSE LAND VALUES  AREN'T THE CASE EVERYWHERE IN THE STATE.  IOWA'S AVERAGE LAND VALUES DECLINED NEARLY 6 PERCENT OVER THE PAST  "FARMLAND IS VERY SIGNIFICANT. FARMLAND CONSISTENTLY ACCOUNTS FOR 85 TO 80 PERCENT OF ALL FARM  ASSETS."ZHANG SAYS THIS IS THE THIRD STRAIGHT YEAR OF DECLINES - WHICH HASN'T  BEEN SEEN SINCE THE 1980S.  BUT ZHANG BELIEVES THE CHANCE OF A  OF THE 1980S IS LOW.  THERE IS SUBSTANCIAL INCOME ACCUMULATION BEFORE WE ENTERED THIS  WE ALSO HAVE WAY  LESS LEVERAGE AND DEBT BECAUSE OF STRICTER LENDING LIMITS  AND CERTAINLY WE HAVE MUCH BIGGER  AND STRONGER SAFETY NETS. WE HAVE A GREATER COVERAGE OF CROP INSURANCE COVERING 90 PERCENT  RATHER THAN 50 PERCENT OF CROPS.,"> ZHANG SAYS RISING INTEREST RATES WILL CREATE MORE DOWNWARD  PRESSURE FOR LAND MARKETS NEXT YEAR.  "WHAT WE'RE HAVING NOW IS 2 TO 3 PERCENT. ALTHOUGHT HTE FEDERAL RESERVE WILL CONTINUE TO  RAISE INTEREST RATES, WHAT WE'LL LIKELY SEE IS A SLOW, STEADY INCREASE TO CONTROL INFLATION,"> DESPITE THE MARKET CHALLENGES, PRODUCERS LIKE LAMMERT KEEP DOING  THEIR JOB AND HOPE FOR GREATER RETURNS. REPORTING FOR AGDAY, I'M  BETSY JIBBEN. THANKS BETSY.  EVEN THOUGH ALL COUNTIES HAVE DROPPED,  ZHANG SAYS ONE YEAR AGO, THE NORTHWEST REGION OF IOWA REPORTED A  ONE PERCENT INCREASE DUE TO STRONG, ROBUST LIVESTOCK RETURNS.  THIS YEAR, LIKE GRAINS, LIVESTOCK RECEIPTS ARE DOWN AND THAT'S  IMPACTING LAND MARKETS AS WELL. THOSE HIGHER INTEREST RATES ALSO LENDING SUPPORT TO THE U.S. DOLLAR. THE DOLLAR CLIMBING TO HIGHEST LEVEL AGAINST THE EURO SINCE 2003. THE STRONG DOLLAR LIKELY TO WEIGH ON U.S. COMMODITIES AND EXPORTS. GOLD ALSO FALLING TO A TEN MONTH LOW.

EPA WILL BE PRO ETHANOL
IOWA GOVERNOR TERRY BRANSTAD SAYS HE'S BEEN ASSURED BY PRESIDENT  ELECT TRUMP THAT HIS CHOICE FOR EPA WILL BE PRO-ETHANOL. THIS COMES FROM A REPORT BY PRO-ENERGY. BRANSTAD TELLING REPORTERS OKLAHOMA A-G--  AND TRUMP'S PICK TO LEAD  THE EPA-- SCOTT PRUITT MAY BE FROM AN OIL STATE-- BUT HE SAYS TRUMP TOLD  HIM THAT PRUITT IS QUOTE GONNA BE FOR ETHANOL. IN A TWEET IOWA SENATOR CHUCK GRASSLEY SAYS HE'S PLANNING TO GRILL  PRUITT ON ETHANOL DURING THE CONFIRMATION HEARING. 

WAITING ON AG SECRETARY
THE TRUMP TRANSITION TEAM IS GETTING DOWN TO ITS FINAL APPOINTMENTS  AND IT'S YET TO NAME A SECRETARY OF AGRICULTURE. ON THURSDAY, NEWS OUTLETS IN IDAHO WERE REPORTING GOVERNOR BUTCH  OTTER IS BETTING VETTED FOR THE JOB. HE SPENT SIX YEARS IN THE HOUSE OF  REPRESENTATIVES AND WORKED 30  YEARS AT POTATO GIANT SIMPLOT...EVEN HAVING TIES TO THE FOUNDER OF THE  BUSINESS.

DROUGHT MONITOR
THE DROUGHT STRESSED WEST COAST GETTING LOTS OF RAIN AND SNOW THIS  WEEK.HOWEVER THE LATEST DROUGHT MONITOR HIGHLIGHTING CHANGES IN MAJOR PARTS OF THE COUNTRY. DROUGHT IS EXPANDING IN OKLAHOMA. A THIRD OF THE STATE IS NOW IN  SEVERE DROUGHT.  THAT'S 18 POINTS WORSE THAN LAST WEEK. THERE WAS AN EVER-SO-'SLIGHT' IMPROVEMENT IN THE SOUTHEAST. BUT  BARELY ENOUGH TO CALL THE SITUATION ANYTHING BUT DIRE. EXTREME COLD AND SNOW IS MOVING ACROSS THE NORTHERN U-S, ESPECIALLY  IN THE GREAT LAKES REGION. THE WIND CHILL IN CHICAGO WAS 20 BELOW ZERO THURSDAY. UPSTATE NEW YORK IS FACING BLIZZARD CONDITIONS TODAY. AND THERE'S NOT A LOT OF GOOD NEWS FOR THE NEXT 90 DAYS IN THE SAME  REGION. NOAA IS EXPECTING ABOVE AVERAGE SNOW AND BELOW AVERAGE  TEMPERATURES IN THE NORTHERN TIER STATES. JUST THE OPPOSITE IN THE SOUTHERN STATES.

CROP COMMENTS
"CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN, FROM  DOW AGROSCIENCES." IT'S COLD AND SNOWY...AND MIKE HOFFMAN HAS A LOOK AT CROP COMMENTS  ACROSS FARM COUNTRY. MIKE.  GOOD MORNING, CLINTON.  LET'S START OFF IN SHELBYVILLE, TENNESSEE.  DAVID WOMACK SAYS HE'S MOVING THE 2016 CROP AND CONVERTING IT INTO  CURRENCY. DAVID SAYS IT NEVER FAILS, HE ALWAYS MOVES GRAIN ON ONE OF THE COLDEST  DAYS OF THE YEAR. AND OVER IN HAMPTON, MINNESOTA,  MATT BRAUN SENT US A PHOTO FROM HIS DAD'S TURF FARM IN THE STATE.  TRACTORS THAT MOW THE SOD FIELDS IN THE SUMMER, CAN BE USED TO PLOW  NOW IN THE WINTER TIME. AND NOW HERE ARE YOUR HOMETOWN TEMPS. 

TEASE
THE TEAM FROM PROFRAMER JOINS US NEXT TO DISCUSS WRAPPING UP 2016  AND WHAT TO WATCH IN MARKETS DURING OF THE DOLDROMS OF DECEMBER. THERE WAS A TIME YOU COULD BUY JUST ABOUT ANYTHING FROM THE SEARS  CATALOGUE.  AND DID YOU KNOW THAT INCLUDES A BARN?  RETAIL HISTORY - LATER ON AGDAY.

FLOOR OF THE CME
AGRIBUSINESS TODAY, BROUGHT TO YOU BY YAMAHA - MAKERS OF VIKING SIDE- BY-SIDES.  YAMAHA - REAL WORLD TOUGH. IN AGRIBUSINESS THE FED'S DECISION ON INTEREST RATES NOT YET HAVING A  BIG IMPACT ON COMMODITIES. LETS SEE HOW MARKETS CLOSED FROM THE FLOOR OF THE CME IN CHICAGO. KIND OF A MIXED BAG ACROSS THE BOARD LET 'S START LOOKING AT THE CORN  CONTRACT MARCH IS GOING TO BE THE MONTH TO FOCUS, UNDER A LITTLE BIT  OF PRESSURE HERE IN THEIR EARLY MORNING TRADE WITH THE DOLLAR AT  NEAR FOURTEEN YEAR HIGHS, DEFINITELY SPILLING OVER IN THE WEAKNESS IN  COMMODITIES AND CORN CAN BUCK THAT TREND. ALSO AT THE CORN MARKET  WE HAVE BEEN AT TECHNICAL RESISTANCE. WE'VE BEEN TRADING BOTH SIDES OF UNCHANGED THROUGHOUT THE WEEK BUT REALLY HAVEN'T GONE  ANYWHERE TOO FAST. THREE SIXTY ONE THREE SIXTY TWO IS MAJOR  RESISTANCE. NOW AS FAR AS SOYBEANS ARE CONCERNED, WE HAD GREAT  EXPORT SALES NUMBERS HERE THIS MORNING PUTTING A LITTLE BIT A BOOST  INTO THE MARKET. WE DID TRADE LOWER, BROKE BELOW THAT TEN TWENTY  LEVEL, TRIP STOPS SAW THE BUYERS STEP BACK IN. TEN THIRTY TWO IS GONNA  BE THE KEY LEVEL THE WATCH ON A CLOSING BASIS. IF WE CAN'T ACHIEVE A  CONVICTION CLOSE ABOVE THAT LEVEL I THINK TEN SIXTY ONE COULD  POTENTIALLY BE IN THE CARDS BUT AS FOR NOW BEARS REMAIN IN CONTROL AS  WE CONTINUE TO MAKE LOWER LOWS AND LOWER HIGHS THIS HAS BEEN OLIVER  SLOUP WITH IITRADER FROM THE FLOOR OF THE CME.

PROFARMER PROFIT BRIEFING
AS WE REPORTED EARLIER, THE DOLLAR CLIMBED TO ITS STRONGEST LEVEL IN  MORE THAN A DECADE THURSDAY AGAINST OTHER CURRENCIES.  IN TODAY'S PROFARMER PROFIT BRIEFING, WE FOCUS ON THE IMPACT OF THE  STRONG DOLLAR...AND OTHER OUTSIDE INFLUENCE AS WE APPROACH THE END  OF THE YEAR. WELL BRIAN WE'RE CLOSING OUT TWENTY SIXTEEN HERE WERE MIDWAY  THROUGH DECEMBER KIND OF ENTERING A PERIOD THAT YOU MIGHT CALL THE  DOLDRUMS FOR THE GRAIN MARKETS INSTEAD OF FOCUSING ON THE  FUNDAMENTALS OF THESE GRAIN MARKETS IT 'S ABOUT TIME WE START LOOKING  AT SOME OUTSIDE FACTORS FIRST THING THAT COMES TO MIND THE U S DOLLAR.  WERE WE AT WITH THE DOLLAR WHAT DO YOU SEE HAPPENING HERE WELL  TRADING ABOVE PAR WE'VE SEEN THAT THE STRENGTH HERE OBVIOUSLY AND IT  'S RALLIED IN ANTICIPATION OF THE FED WAS GOING TO RAISE INTEREST RATES  AND AND NOW THAT WE'RE INTO THAT THAT PERIOD  I THINK THAT IT IT 'S PRETTY SAFE TO SAY THAT THE DOLLAR 'S PROBABLY GOING TO REMAIN STRONG  HOWEVER YOU KNOW WE COULD SEE SOMEWHAT OF A SHORT TERM PULL BACK  ON A SELL THE FACT REACTION TO THAT BUT I THINK THAT OVERALL THAT THE DOLLAR IS GOING TO REMAIN RELATIVELY STRONG POTENTIALLY HAVE AN  IMPACT ON EXPORTS PROBABLY HAVE THE MOST IMPACT ON WHEAT EXPORTS  BECAUSE WE HAVE SO MUCH SUPPLY AROUND THE WORLD RIGHT NOW ANYWAY  THAT 'S PROBABLY THE BIGGEST ONE IN CORN SOYBEANS PROBABLY IN THAT  ORDER MAYBE THE MEATS. WE HAVEN'T SURPRISINGLY SEEN AN IMPACT ON MEAT  EXPORTS YET DESPITE THE STRENGTH IN THE DOLLAR. OK SO IF WE'VE GOT  EXPORTS JUST A LITTLE BIT FRONTLOADED HERE CAN WE EXPECT MAYBE A FALLOFF IN DEMAND AS WE CROSS OVER INTO THE FIRST OF THE YEAR BECAUSE  OF THAT HIGH DOLLAR WELLS SEASONALLY I THINK THAT YOU WILL SEE THAT  ANYWAY ON SOYBEANS. SOUTH AMERICA 'S SUPPLY BECOMES MORE KNOWN I'M ASSUMING THAT THEY DON'T HAVE ANY MAJOR PROBLEMS THEN YOU DO START  TO CLOSE THAT EXPORT WINDOW ON U S SOYBEAN EXPORTS. THAT 'S A  SEASONAL PLAY THERE. ON THE CORN SIDE OF THINGS THE EXPORT DEMAND  HAS BEEN REALLY STRONG UP FRONT AND FRONT LOADED WE ANTICIPATE THAT  MAYBE THAT WILL BACK OFF A LITTLE BIT THE SECOND HALF OF THE MARKETING  YEAR DESPITE WHAT THE DOLLAR 'S DOING BUT WHAT THE DOLLAR 'S STRENGTH  MAY BE EVEN A LITTLE BIT MORE SO LATELY WE'VE SEEN SOME FUNDS COVERING SOME SHORT POSITIONS WE'VE ALSO SEEN A DRAMATIC RISE IN THE STOCK  MARKET IS SOME OF THAT MONEY MOVING OUT OF COMMODITIES AND GOING  ELSEWHERE WELL THAT THAT 'S A GOOD QUESTION I THINK THAT I YOU KNOW IF  YOU'RE INTO A PERIOD WHERE YOU HAVE LIMITED INVESTMENT DOLLARS  FLOWING FROM ONE TO THE OTHER L THINK THAT IS THE CASE I I DON'T THINK  THAT WE'RE NECESSARILY IN THAT RIGHT NOW WHEN WE LOOK AT THE  POSITIONING OF THE FUNDS THEY'RE  SHORT WHEAT AND CORN THEIR LONG  SOYBEANS AND MAYBE INTO THE END OF THE YEAR HERE THESE LAST COUPLE  WEEKS WE WILL SEE A REVERSAL OF THAT SO MAYBE A LITENING OF THE LENGTH  IN THE SOYBEAN MARKET AND A LITTLE BIT OF A SHORTENING OF COVERING  SHORT POSITIONS IN THE CORN AND WHEAT MARKETS ALL RIGHT AS DECEMBER TWENTY SIXTEEN CLOSES OUT WE'VE SEEN SOME FIREWORKS IN THE OUTSIDE  MARKETS AND WE WILL KEEP LOOKING AT THESE GRAIN MARKETS MOVING  FORWARD HERE FOR BRIAN GRATE AND ALL THE EDITORS HERE PRO FARMER IT'S DAVIS MICHAELSON AGDAY - BROUGHT TO YOU BY FARMER'S EDGE.  FOR THE LATEST IN MAKING SENSE OF YOUR DATA - VISIT GROWYOURRETURNS.COM.AGDAY WEATHER - BROUGHT TO YOU BY CREDENZ SOYBEAN SEED FROM BAYER.

WEATHER
WELCOME BACK TO AGDAY, HERE WITH METEOROLOGIST MIKE HOFFMAN. MIKE  AS WE LOOK TO THE DROUGHT MONITOR I THINK WITH THE STORMS THAT WE'VE  HAD OVER THIS WEEK, NORTHERN CALIFORNIA SHOULD START TO SEE  MARKEDLY BETTER RIGHT. I WOULD THINK THEY WOULD AS WELL YEAH WE  HAVEN'T SEEN IT SHOW UP QUITE YET ON THE DROUGHT MONITOR BUT IT SEEMS  LIKE IT WOULD WITH ALL THE RAIN AND SNOW THEY'VE HAD AND IF WE GO BACK A  MONTH YOU CAN SEE HOW THINGS THAT WERE ALREADY GETTING A LOT WORSE  IN THE SOUTHEAST. AND AS WE PROCEED THROUGH THE NEXT THE OTHER OVER  THE PAST FOUR WEEKS I SHOULD SAY, SEE HOW IT EXPANDED IN THE  SOUTHEAST. SO IT BEGAN TO SHRINK A LITTLE BIT SHRINK A LITTLE BIT I SHOULD SAY, AND YOU CAN SEE RIGHT THERE IN THE PANHANDLE AREA OF OKLAHOMA  AND SOME SURROUNDING AREAS IT 'S GOT A LITTLE WORSE RECENTLY AS WELL  AND HOPEFULLY WE'LL SEE THIS EVEN IMPROVE SOME MORE IN THE NORTHERN  CALIFORNIA. ALTHOUGH YOU FOLKS HAVE BEEN OUT OF THAT DROUGHT FOR A  WHILE IN THE FAR NORTHERN PARTS OF THE STATE THERE'S THE MAP, A BIG  SYSTEM OUT WEST. THAT 'S ONE WE'VE TALKED ABOUT ALREADY PUT DOWN A  LOT OF RAIN AND SNOW IN NORTHERN CALIFORNIA. NOW MOVING THROUGH THE  CENTRAL ROCKIES INTO THE PLAIN STATES YOU CAN SEE SNOW QUICKLY  BREAKING OUT ACROSS THE NORTHERN PLAINS INTO THE GREAT LAKES AS WE  HEAD THROUGH THE AFTERNOON AND EVENING HOURS TONIGHT A FEW  SHOWERS DOWN OF THE SOUTH THOUGH WITH SOME OF THAT RETURNED GULF  MOISTURE AND THIS IS A MILDER AIR AT LEAST TEMPORARILY. THIS IS ANOTHER  SHOT OF ARCTIC AREA GONNA SEE THE FALLING TEMPS IS BEHIND THAT OUT  WEST FIRST OF ALL NORTHERN PLAINS AND MANY EVENTUALLY IT FILLS IN  BEHIND THIS WHOLE SYSTEM. SO BY TOMORROW MORNING AS WE HEAD INTO  THE WEEKEND LOTS OF SNOW. GREAT LAKES AND THE NEW ENGLAND  ESPECIALLY NEW YORK STATE SHOWERS ARE FROM CENTRAL INDIANA SOUTHWARD TOWARD THE GULF COAST IN SNOW BACK INTO A COLORADO ALONG THE ARCTIC FRONT. AND THEN THIS IS THAT ARCTIC FRONT THAT  CONTINUES TO COME SOUTHWARD. THE ONE GOOD NEWS HERE IS THIS IS THE  LAST IN THIS BATCH OF ARCTIC AIR. THEN WE'LL SEE THINGS GOT A FLATTEN OUT  AS WE'LL SEE ON THE JET STREAM COMING UP. BUT THROUGH THE DAY  TOMORROW CONTINUES THIS NOW MOST OF THE GREAT LAKES INTO NEW ENGLAND. TAKING A LOOK AT THE PRECIPITATION ESTIMATES OVER THE PAST  TWENTY FOUR HOURS, HUGE AMOUNTS ESPECIALLY THE HIGHER ELEVATIONS  CENTRAL AND NORTHERN CALIFORNIA EVEN SOUTHERN CALIFORNIA GOT INTO  THE ACT A LITTLE BIT. ADDING IN THE NEXT THIRTY SIX HOURS YOU CAN SEE A  LOT OF IT 'S ON THE ROCKIES. BUT THEN THAT ALL SPREADS ACROSS A PLAIN  STATES AND MOST OF THIS IS IN THE FORM OF SNOW NOW ON THE SOUTHERN FRINGE OF THIS SNOW THERE WILL BE A LITTLE BIT OF A SLEET AND FREEZING RAIN SO KEEP THAT IN MIND COULD BE SOME ICY CONDITIONS IN SOME AREAS  WITH A SYSTEM COMING TOWARD THE EAST. TEMPERATURES AND ALREADY  SINGLE DIGITS THIS AFTERNOON BELOW ZERO IN PARTS OF MONTANA, FORTIES  ALL THE WAY DOWN IN THE NORTHERN DIXIE FOR AFTERNOON HIGHS LOWS  TONIGHT ARE GOING TO STAY MILD IN THE SOUTHERN MISSISSIPPI VALLEY BUT  INTO THE NEGATIVE TEENS IN THE NORTHERN PLAINS AND RELEASE DATE  DURING THE AFTERNOON HOURS TOMORROW LOOK AT THAT CHANGE OF  TEMPERATURE ALONG THE FRONT. SO THIS IS A LAST QUICK BLAST OF ARCTIC  AIR. YOU CAN SEE HOW THINGS FLATTEN OUT AS WE HEAD THROUGH NEXT WEEK  AND THAT SHOULD CAUSE MORE TRANQUIL CONDITIONS ACROSS MOST OF THE  COUNTRY. THAT 'S A LOOK ACROSS COUNTRY NOW LET 'S TAKE A LOOK AT SOME  LOCAL FORECASTS. WE HEAD TO OGDEN UTAH FIRST OF ALL CLOUDY WITH TIMES  OF RAIN TURNING COLDER LATE THOUGH HIGH OF FORTY SIX AND FALLING.  PEORIA ILLINOIS CLOUDY AFTERNOON SNOW AND ICE LIKELY HIGH OF TWENTY  EIGHT. AND SAVANNAH GEORGIA A GOOD DEAL OF SUNSHINE HIGH OF FIFTY FIVE.

TEASE
NEXT - AN OFF-SEASON LESSON ABOUT SPIDER MITES IN YOUR SOYBEANS. AND THIS INDIANA FARMSTEAD HAS AN INTERESTING LINK TO THE NATION'S  SOYBEAN INDUSTRY. FIND OUT WHAT IT IS - LATER ON AGDAY. 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.

FARM JOURNAL COLLEGE
WITH MORE SOYBEANS EXPECTED TO BE PLANTED NEXT GROWING SEASON,  AGRONOMIST MISSY BAUER SAYS BE SURE TO KEEP AN EYE OUT FOR SPIDER  MITES.ONE PEST THAT WE SEE IN SOYBEANS IS SPIDER MITES AND IT WILL BE VERY  WEATHER DEPENDENT WHEN WE GET THE SUMMERS THAT ARE REAL HOT MAY BE  DRIER CONDITIONS NOT A LOT OF HUMIDITY WE CAN SEE FLARE UPS OF SPIDER  MITES AND SO THE DAMAGE THAT WE SEE THAT THEY CAUSE WHAT IT LOOKS LIKE  ON THE PLANT IS KIND OF THIS SPECKLING LOOK TO THE PLANT WHERE THEY'VE  ACTUALLY SUCK THE JUICES OUT OF IT. NOW ONE THING IN THE FIELD YOU MIGHT  SEE THAT THERE ARE HOT SPOTS YOU'LL SEE A LOT OF CIRCLE AREAS MAY BE COMING IN FROM THE EDGES WERE THERE USED TO BE GRASS ALONG THE EDGE OF THE ROAD IT'LL BE KIND OF SCATTERED THROUGHOUT THERE 'S NOT A REAL  UNIFORM PRESSURE ACROSS THE ENTIRE FIELD SO ONE OF THE EARLY SIGNS  THAT WE WANT A LOOK FOR IS WHEN YOU'RE LOOKING AT YOUR LEAVES TO LOOK  FOR THIS EARLY SPECKLING THAT 'S IN HERE WHEN YOU SEE THIS EARLY  SPECKLING THEN GO AHEAD AND FLIP THE PLANT OVER AND THAT'S WHERE  YOU'LL START TO LOOK THE SPIDER MITES WILL ACTUALLY BE ON THE BACKSIDE  OF THE LEAF. NOW THEY'RE VERY SMALL SO IF YOU DON'T HAVE A REALLY REALLY  GOOD EYES YOU KNOW I ACTUALLY TAKE A HAND LENS OUT THERE THE OTHER  SUGGESTION THAT WE WOULD HAVE IS TO TAKE JUST A WHITE SHEET OF PAPER  OUT WITH YOU AS WELL AND YOU CAN TAKE YOUR PLANT SAMPLE AFTER YOU'VE  DUG IT UP AND ACTUALLY TAP IT ON TO THE PAPER ONCE WE TAP ON TO THE  PAPER THEN WILL INSPECT THE PAPER ITSELF YOU'LL START SEEING A LITTLE  SPOT SEE THE LITTLE SPOTS WHERE THEY'RE ACTUALLY WIGGLING OR MOVING  ON THE PAPER NOW ONE OF THE DIFFICULT THINGS ABOUT SPIDER MITES IS  ONCE YOU REALIZE YOU'VE GOT PRESSURE THAT NEEDS TO BE TREATED YOURE ABOVE THOSE THRESHOLDS THERE 'S VERY FEW PRODUCTS THAT WE CAN USE A  TYPICAL PYRETHROID CHEMISTRY FOR INSECTICIDES WILL NOT WORK ON  SPIDER MITES WILL ACTUALLY IT WILL ACTUALLY FLAIR THEM UP AND CAUSE  BIGGER PROBLEMS SO WE'RE GONNA HAVE TO STICK WITH THE LORSBAN DYMETHELATE BIFETHERYN TYPE PRODUCTS SO YOU WANT TO LOOK AT YOUR  LABEL 'S VERY SPECIFICALLY TO SEE WHAT WILL CONTROL SPIDER MITES BUT  VERY IMPORTANT THING KEEP AN EYE IN SPIDER MITES IN YEARS THAT IT 'S HOT  WE GET GREATER THAN NINETY DEGREE TEMPERATURES THEIR DEVELOPMENT  AND REPRODUCTION IS REALLY ACCELERATED AND IF YOU GET ONE JUST ONE  RAINFALL IT 'S NOT GONNA GET RID OF THEM IT 'S GOING TO BE A WHOLE CHANGE  IN WEATHER PATTERN WHERE WE GET THE WET AND A LOT OF HUMID MORNINGS  FOGGY MORNING 'S THINGS LIKE THAT TO ACTUALLY GET RID OF THEM SO MAKE  SURE YOU'RE DOING SOME CHECKING IN YOUR FIELDS FOR SPIDER MITES

TEASE
NEXT WE TOUR A BARN WITH A HISTORICAL TIE TO THE U-S SOYBEAN INDUSTRY. HERE'S THE SECRET TO SELLING OLD EQUIPMENT. PETE'S PICK OF THE WEEK LETS YOU EASILY VIEW  CURRENT MARKET PRICES. JUST TEXT PETE TO 31313 TO GET STARTED! 

GREAT AMERICAN BARN
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M7 SERIES.  LEARN MORE ABOUT THE LARGEST  TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM.  ) TODAY WE'RE HEADED IN THE COUNTRY TO VISIT A GREAT AMERICAN BARN IN  CARROLL COUNTY, INDIANA. AND THE BARN HAS A LINK TO ONE OF THE OLDEST RETAILERS IN THE COUNTRY. THIS 1940'S-ERA BARN IS OWNED BY TOM AND SUZI MODISETT. BARN EXPERTS  SAY THAT THIS PARTICULAR BARN WAS BUILT FROM A KIT PURCHASED THROUGH  SEARS AND ROEBUCK.THE LOWER LEVEL WAS USED FOR THE FAMILY'S MILKING OPERATION.  THE  UPPER LEVEL STORED HAY. THE FARMSTEAD HAS BEEN IN THE FAMILY FOR SIX GENERATIONS. I KNOW THAT PEOPLE DRIVE PAST THIS PROPERTY AND JUST LOVE SEEING THE BARNS INTACT AND ARE  DELIGHTED THAT WE ARE KEEPING THEM UP. IT IS SUCH A PART OF HISTORY. I THINK THIS AS A HOOSIER  HOMESTEAD, I THINK IT'S GREAT THERE ARE SO MANY FARMS THAT ARE STILL MAINTAINED BY FAMILY  MEMBERS. I THINK WE'RE 8 GENERATIONS INTO AND IT'S GREAT TO KNOW THAT IT'S BEEN MAINTAINED  AND KEPT AS PART OF THE FAMILY." THE FARM BELONGED TO NOAH FOUTS, WHO IS THE GREAT GRANDFATHER OF  THE CURRENT OWNER.NOAH AND HIS BROTHERS ARE CREDITED WITH BEING THE FIRST COMMERCIAL  GROWERS OF SOYBEANS ACROSS THE U-S DURING THE EARLY 1900'S. ANOTHER  BROTHER WAS ONE OF THE FOUNDERS OF THE AMERICAN SOYBEAN  ASSOCIATION.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR BETSY JIBBEN AND MIKE HOFFMAN, I'M CLINTON GRIFFITHS. HAVE A GREAT  DAY.HIGH STRENGTH STEEL FOR HIGH STRENGTH DEPENDABILITY, THE CHEVY  SILVERADO IS THE OFFICIAL NEWS GATHERING VEHICLE OF AGDAY TELEVISION.

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