AgDay Daily Recap -July 17, 2017

July 17, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 17, 2017

HEADLINES

USDA MAY GET ANOTHER FAMILIAR FACE. PLUS, FARMERS AND CHEM COMPANIES  ARE ADJUSTING TO NEW DICAMBA RULES. IN AGRIBUSINESS...SADDLE UP WITH SOYBEANS. MACHINERY PETE SAYS THE  OLDER USED TRACTOR MARKET IS STILL STRONG. AND LAND VALUES ARE ONE THING, WHAT DO THINK THIS DIRT FROM THE MOON  IS WORTH? AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY  SILVERADO.

CENSKY AS DEPUTY SECRETARY OF AG
GOOD MORNING I'M CLINTON GRIFFITHS. THREE MONTHS AFTER TAKING OFFICE,  AG SECRETARY SONNY PERDUE TAPPING HIS SECOND IN COMMAND. AND IT HAS  SOYBEAN GROWERS LOOKING FORWARD TO THE NEXT 4 YEARS.  THE TRUMP ADMINSTRATION NAMING CURRENT AMERICAN SOYBEAN  ASSOCIATION CEO STEPHEN CENSKY AS THE DEPUTY SECRETARY OF  AGRICULTURE.  THE NUMBER TWO SPOT OVERSEES DAY-TO-DAY TASKS AT USDA.  THIS IS THE FIRST OF SEVERAL USDA CABINET SPOTS STILL NOT FILLED.  IF CONFIRMED, CENSKY WILL LEAVE HIS ASA POST, AFTER SERVING 21 YEARS AS  CEO.  IN A PREPARED STATEMEMT CURRENT A-S-A PRESIDENT RON MOORE SAYS  "NOBODY IN AGRICULTURE IS BETTER EQUIPPED TO ASSIST SECRETARY PERDUE IN MEETING THE NEEDS OF FARMERS WITH PRACTICAL SOLUTIONS THAN STEVE.  HE IS A PERFECT FIT FOR THIS ROLE AND WE GIVE HIM OUR STRONGEST  ENDORSEMENT,"  FARM JOURNAL WASHINGTON CORRESPONDANT JIM WEISEMEYER TELLING  AGDAY CENSKY IS A STRONG PICK,  " QUICKLY IN CONGRESS NEVER HAPPENS. BUT HE WILL NOT HAVE A PROBLEM WHATSOVER. HE'S  ONE OF HTEIR OWN IN THE SENATE. HE'LL HAVE WIDE BIPARTISAN PSOITION AND SINCE HE LEFT HIS  REBLUICAN ORIENTED JOBS, HE WAS IN TWO ADMINTRATIONS IN DIFFERENT CAPACITIES. AGAIN HE'S WELL  RESPECTED AND AGAIN HE'LL GET BIPARTISAN SUPPORT INTHE SENATE. HOPEUFLLY IT'LL BE SOONER RATHER  THAN LATER."WIESEMEYER TELLING AGDAY IT'S POSSIBLE CENSKY COULD RECEIVE APPROVAL  BEFORE THE SENATE LEAVES FOR BREAK MID-AUGUST . WEISEMEYER ALSO TELLING AGDAY THAT IT'S STILL WIDELY EXPECTED THAT  CURRENT IOWA AG SECRETARY BILL NORTHEY WILL BE TAPPED FOR A NEWLY  CREATED UNDER SECRETARY POSITION BY AG SECRETARY PURDUE.  AG SECRETARY SONNY PERDUE SAYS HE'S EXTREMELY PLEASED WITH THE  CENSKY NOMINATION. HE SAYS CENSKY "WILL BRING ENTHUSIASM AND A  DEDICATION TO THIS COUNTRY WHICH WILL BE GREAT ASSETS TO USDA'S  CUSTOMERS." PERDUE SAYS HE HOPES THE SENATE AG COMMITTEE WILL TAKE UP THE  NOMINATION IN SHORT-ORDER BUT THERE'S BEEN NO WORD ON A HEARING DATE  FROM THAT COMMITTEE. AS CHIEF EXECUTIVE OF A-S-A, CENSKY IS IN CHARGE OF MANAGING THE  ORGANIZATION'S LEGISLATIVE, TRADE POLICY, INTERNATIONAL MARKET  DEVELOPMENT, COMMUNICATIONS, AND LEADERSHIP DEVELOPMENT PROGRAMS. IN THE NUMBER TWO ROLE AT USDA, TRADE WILL BE A MAJOR FOCUS FOR  CENSKY, AND IT'S A TOPIC IN WHICH HE'S VERY FAMILIAR. WE CAUGHT UP WITH  CENSKY DURING COMMODITY CLASSIC THIS YEAR, AND HE SAYS MORE THAN 60  PERCENT OF THE U-S SOYBEAN CROP IS SHIPPED OVERSEAS, WITH CHINA AND  MEXICO ARE THE TOP TWO MARKETS.  WE HAVE BEEN ACTIVE TO TRYING TO COMMUNICATE WITH THE TRUMP ADMINSTRATION AS AWELL AS  WITH MEMBERS OF CONGRESS HOW IMPORTANT IT IS AND REALLY WITH THE MESSAGE THAT YOU KNOW NEGOTIATE VERY PRUDENTLY HERE, AND MOVE VERY PRUDENTLY BECASEU U-S AGRICULTURE AND U-S FARMERS AND RANCHERS HAVE BENEFITTED FROM TEHSE TRADE AGREEMENTS AND WE NEED TO MAKE  SURE THAT IF NAFTA IS RENGORTIATED WE DONT' BLOW THE SIGNIFICANT GAINS THAT US FARMERS AND  RANCHERS HAVE WITH TRADE TO MEXICO.PRIOR TO JOINING A-S-A IN 1996, CENSKY WAS ALREADY FAMILIAR TO THE INNER  WORKINGS OF CAPITOL HILL. ACCORDING TO HIS A-S-A BIOGRAPHY, CENSKY WAS  A LEGISLATIVE ASSISTANT FOR AGRICULTURAL AND TRANSPORTATION MATTERS  TO SENATOR JIM AB-NOR (ABDNOR) OF SOUTH DAKOTA DURING THE MID 1980'S. HE WOULD GO ON TO SERVE PRESIDENT REAGAN AND THE FIRST PRESIDENT  BUSH AT USDA. CENSKY WORKED-UP TO BECOME THE ADMINISTRATOR FOR THE  FOREIGN AG SERVICE AT THE AG DEPARTMENT WHERE HE FOCUSED ON TRADE  NEGOTIATIONS AND EXPORTS. THOSE TOPICS ARE STILL A BIG FOCUS OF HIS CURRENT JOB AT THE SOYBEAN  ASSOCIATION.

H3N2 INVESTIGATION AT OHIO COUNTY FAIR
FOR MANY OF YOU IT'S COUNTY FAIR TIME. THIS MAY SERVE AS A REMINDER  ABOUT BIOSECURITY FOR LIVESTOCK. THE OHIO DEPARTMENT OF AGRICULTURE IS INVESTIGATING A CASE OF H-3-N-2  SWINE FLU AT THE CLINTON COUNTY FAIR. A HOG TESTED POSITIVE ON  WEDNESDAY. THE FOLLOWING DAY THERE WERE SEVERAL MORE. THE STATE VETERINARIAN QUARANTINED THE BARN. OUT OF PRECAUTION 285 HOGS WERE  PUT-DOWN. A SPOKESMAN FOR THE OHIO AG DEPARTMENT SAYS 200 OF THOSE  HOGS WERE ALREADY SCHEDULED TO BE SLAUGHTERED.

DICAMBA DEBATE
AS THE DICAMBA DEBATE HEATS UP, MORE STATES IMPOSING NEW  RESTRICTIONS.  BUT MONSANTO COMPANY SAYS THEY'RE CONFIDENT THEY CAN HELP WORK  THROUGH THE ISSUES SO FARMERS HAVE ACCESS TO DICAMBA AGAIN NEXT  YEAR.  AS AGDAY FIRST REPORTED FRIDAY, MISSOURI FARMERS ONCE AGAIN ABLE TO  USE THE NEW FORMULATIONS OF DICAMBA, BUT MUST FOLLOW NEW  RESTRICTIONS, INCLUDING LOWER WIND SPEEDS AND TIME OF APPLICATION. ARKANSAS IS BANNING DICAMBA FOR THE REST OF THIS YEAR, BUT JUST TO THE  EAST, GEORGIA HAS NO REPORTED CASES OF DRIFT.  WEED SPECIALISTS SAY SEVERAL FACTORS ARE CAUSING DICAMBA INJURY,  INCLUDING DRIFT AND PRODUCTS PHYSICALLY MOVING.  MONSANTO CHIEF TECHNOLOGY OFFICER ROBB FRALEY TELLING AGDAY BOOTS  ARE ON THE GROUND EXPLORING ALL POSSIBLE ISSUES, AND THE COMPANY IS  ALREADY FOCUSED ON NEXT YEAR.  SO WE'RE LOOKING AT DRIFT AGENTS, NOZZLES AND CLEAN OUT PROCEDURES FOR GROWERS. WE'RE GOING  TO BE WORKIGN WITH STATES TO MAKE SURE THE OFF LABEL PRODUCTS AREN'T USED AND THAT'S GOIGN TO  BE KEY, AND THEN WE'RE GOING TO WORK WITH GROWERS TO HELP THEM BE MORE AWARE OF  TEMPERATURE CONDITIOSN AND AVERSION. SO, SO LOTS TO DO BUT I'M ABOSLUTELY CONVINVED THESE  ARE GOIGN TO BE GREAT TOOLS THAT ARE IMPORTANT TO FARMERS.FRALEY REMINDING GROWERS IS ESSENTIAL TO FOLLOW THE LABEL THIS YEAR. 

CROP COMMENTS
MIKE HOFFMAN JOINING US THIS MORNING FOR A LOOK AT CROPS ACROSS THE  COUNTRY..HE HAS TODAY'S CROP COMMENTS. GOOD MORNING, CLINTON.  MATT NELSON OVER IN BURT COUNTY, NEBRASKA IS DONE WITH HIS SECOND HAY  CUTTING. MATT SAYS HIS HAY CROP LOOKS NICE DUE TO LIMITED RAIN. HE SAYS  CORN IS A LITTLE BEHIND NORMAL BUT IT'S STARTING TO TASSEL.  USDA WILL RELEASE A NEW CROP PROGRESS REPORT THIS AFTERNOON.  AND STEVE RATHE SENDING US A PICTURE OF NEW  SOLAR PANEL AT HIS HOG SITE IN EASTERN IOWA. HE SAYS RETURN ON INVESTMENT IS  GOOD RIGHT NOW FOR HIM ON SOLAR.  AND NOW HERE ARE SOME HOMETOWN TEMPS.  VISIT FARM JOURNAL PRO.COM.  TRUSTED ANALYSIS, PROFESSIONAL INSIGHT. FARM JOURNAL  PRO.COM. 

TEASE
WE'LL TALK ABOUT THAT WILD SOYBEAN MARKET COMING UP AFTER THE BREAK. PLUS MACHINERY PETE IS HERE. STAY TUNED FOLKS COMING UP I'LL TELL YOU ABOUT A CASE IH 7140 TRACTOR THAT SOLD LAST WEEK IN  SASKATCHEWAN. AND HOW MUCH WOULD YOU PAY FOR SOME DUST? WHAT IF THAT DUST TRAVELED 250-THOUSAND MILES TO GET HERE? WE'LL EXPLAIN, LATER...ON IN THE COUNTRY. ARE YOU A GAME CHANGER?  KNOW SOMEONE WHO IS?  CHEVRON IS SEARCHING FOR THOSE  PEOPLE THAT HAVE MADE AN IMPACT ON THE INDUSTRY.  SHARE YOUR NOMINEE AT CHEVRONDELO DOT COM SLASH GAME CHANGERS!  DELO:  LET'S GO FURTHER.

FLOOR OF THE CME
CHINESE GRAIN BUYERS ANNOUNCING PLANS TO PURCHASE MORE THAN 5  BILLION DOLLARS WORTH OF AMERICAN SOYBEANS LAST WEEK. CHINA IMPORTED A LITTLE MORE THAN 3 BILLION BUSHELS OF SOYBEANS IN 2016.  CHINESE BUYERS EXPECT IMPORTS TO HIT 3.3 BILLION BUSHELS NEXT YEAR.  LETS SEE WHAT IT DID TO MARKETS AT THE CME IN CHICAGO. HI CORN AND WHEAT SETTLED HIGHER ON FRIDAY AND WHEAT SETTLED MIXED TO MOSTLY A LITTLE BIT  LOWER. ALTHOUGH MINNEAPOLIS WHEAT DID SETTLE HIGHER AS WELL. IT'S BEEN A VERY WILD WEEK IN  CHICAGO AND I THINK A LOT OF THE TRADERS WERE JUST CONTENT TO KIND OF KICK THINGS UNDER THE  TABLE AND AND GO HOME. SO THE VOLUMES WERE DECIDEDLY LESS TODAY THAN WE HAVE SEEN  OTHERWISE DURING THE COURSE OF THE WEEK. AND I THINK IT WAS MORE OF A CONSOLIDATIVE TRADE  THAN ANYTHING ELSE. OVERALL THE WEATHER CONTINUES TO ME BE REMAIN THE MAIN FEATURE HERE.  THE WEATHER FORECAST DURING THE DAY ON FRIDAY CALLING FOR WARMER TEMPERATURES HOT WEATHER  AND DRY CONDITIONS FOR THE WESTERN CORN BELT TO STICK AROUND PERHAPS LONGER THAN SOME OF THE  PREVIOUS FORECASTS IT INDICATED AND ALSO CAUSED A LITTLE BIT OF THE BUYING LIVE AND FEEDER CATTLE  BEING SUPPORTED BY SOME BETTER PRICES BETTER THAN EXPECTED PRICES BEING PAID IN THE AUCTION  MARKET HERE THIS WEEK. AUGUST NOW AT OR MAYBE MAYBE EVEN JUST ABOVE THE WITH THE CASH  MARKET WAS HERE DURING MOST OF THE WEEK AND THAT'S A PRETTY GOOD SIGN ESPECIALLY SINCE THE  BEEF MARKET HAS BEEN STRUGGLING ONCE AGAIN HERE THIS WEEK. THANKS VERY MUCH. THIS IS JACK  SCOVILLE VICE PRESIDENT PRICE FUTURES GROUP HERE ON THE CME GROUP FLOOR WITH SOME  COMMENTS FOR THE MARKETS.

AGRIBUSINESS
SOYBEANS SAW PLENTY OF ACTION LAST WEEK...BOTH UP AND DOWN. TYNE MORGAN CAUGHT UP WITH MARK GOLD FOR PERSPECTIVE IN TODAY'S  ANALYSIS. HERE NOW WITH MARK GOLD THE TOP THIRD MARK WHEN WE LOOK AT THE SOYBEAN CROP. I MEAN YOU  KNOW I KNOW WE'VE BEEN TALKING ABOUT CORN ON THIS SHOW AND IT'S REALLY VARIABLE. IT'S SO EARLY  TO TELL ON SOYBEANS BUT IT JUST DOESN'T LOOK LIKE MAYBE SOME OF THE STAND COUNTS AND THINGS  ARE THERE THAT WE HAD LAST YEAR. WELL FIRST OF ALL NORTH DAKOTA AND SOUTH DAKOTA WE RAISE 14  PERCENT OF OUR BEANS IN THOSE TWO STATES. WE KNOW HOW BAD THE WEATHER HAS BEEN. WE DON'T  SEE IT GETTING A WHOLE LOT BETTER. AND WE HAVE REDUCED YIELDS SIGNIFICANTLY IN JUST THOSE TWO  STATES AND THAT MAKES A DIFFERENCE BECAUSE IT'S 14 PERCENT OF OUR TOTAL BEAN CROP. SO  NATIONALLY. CAN WE. THE QUESTION IS CAN WE OFFSET IT IN THE BETTER STATES ILLINOIS PERHAPS IOWA  MISSOURI MAYBE WE CAN BUT I DON'T SEE ANYTHING NEAR TREND LINE YIELD. I BELIEVE WE'RE GOING TO  BE MOVING LOWER OVER TIME. BUT LET'S FACE IT WE MAKE THE BEAN CROP IN AUGUST WE DON'T MAKE  IT IN JULY WE CAN HAVE A HOT DRY JULY IN BEANS CAN LOOK TERRIBLE IN JULY. IF WE GET THE RAINS IN  AUGUST WE'LL FILL THE PODS. SO THAT'S STILL YET TO BE DETERMINED. BUT THE LONGER RANGE FORECAST  STILL LOOK HOT DRY TO ME. AND WHEN WE LOOK AT WHERE THESE BEANS ARE PLANTED AND YOU KNOW  HOW GOOD YIELDS ARE IN THOSE AREAS AT THE SAME TIME WE DID PLANT MORE BEANS THIS YEAR.  DOES THAT HAVE ANY DOES THAT OFFSET. IT AT ALL. WELL SURE IT A LITTLE OFFSET IT. BUT. NOW IF WE LOSE TWO OR THREE BUSHELS ON 90 MILLION ACRES OF BEANS WE'RE TALKING ABOUT SIGNIFICANT REDUCTIONS  IN THAT CARRY OUT. AND. $10 BEANS AREN'T JUSTIFIED WHERE IF YOU GOT A 400 500 MILLION CARRY OUT  WHAT IF WE'VE GOT 250 CARRY OUT. NOW WE CAN BE TALKING ABOUT HIGHER PRICES 10 $11 $12 I  THINK 11 TO 12 DOLLARS COULD BE AN EASY TARGET OUT HERE. BUT AT 11 AND 12 DOLLARS ARE THOSE  PRICES ENTICING TO SOME OF OUR BUYERS. YOU KNOW LIKE SOUTH AMERICA CHINA DOES THAT DOES  THAT. THAT KIND OF PUSHING YOU AWAY FROM US. I DON'T THINK SO. YOU KNOW WE'VE GOT THE DOLLAR  ON A LITTLE BIT OF A BREAK HERE DOWN IN 95 96 CENTS. I THINK THAT WILL HELP. THE FACT OF THE MATTER  IS THEY MIGHT NEED THE BEANS IN THE SHORT RUN. AND WE'RE GOING TO BE THE GAME UNTIL FOR A  WHILE AND LET THEM COME FOR THE BEANS. THE KEY WILL BE BECAUSE WE STILL DO HAVE BIG  WORLDWIDE CARRY OUTS. WE NEED TO SELL THOSE MEANS. IF WE DO GET THE RALLY. ALL RIGHT. MARK GOLD  THANK YOU SO MUCH. STAY WITH US. WE'LL BE BACK WITH MORE AGDAY IN JUST A MOMENT.  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 ON THIS MONDAY MORNING WITH METEOROLOGIST MIKE HOFFMAN  CHECKING OUT RAINFALL OVER THE PAST WEEK OR SO AND BOY YOU CAN SEE RIGHT THERE IN THE MIDDLE  OF THE EASTERN CORN BELT GETTING PLENTY OF RAIN AND SOME OF IT TOO MUCH. YES OTHER AREAS THAT  COULD USE IT NOT GETTING MUCH AT ALL BUT THAT IS PRETTY TYPICAL WHEN YOU'RE TALKING ABOUT  SUMMER ESPECIALLY WHEN YOU HAVE THUNDERSTORM COMPLEXES LIKE HIT MANY AREAS FROM IOWA  ACROSS ILLINOIS INDIANA AND OHIO AND THEN IT MISSED OTHER AREAS UNFORTUNATELY PLACES LIKE THE  DAKOTAS EASTERN MONTANA THAT ARE IN THE SEVERE DROUGHT AND MUCH OF THAT AREA AND NOT  GETTING MUCH OF ANY RAIN. MUCH OF TEXAS NOT A WHOLE LOT BUT YOU CAN SEE SOME POCKETS DID  GET SOME RAIN THROUGH THE SOUTHLAND SOME DECENT AMOUNTS BUT THE HEAVIEST AMOUNTS REALLY  RIGHT THROUGH THE HEART OF THE CORN BELT. NOT EVERYWHERE THOUGH YOU CAN SEE SOME PLACES  LIKE SOUTH CENTRAL ILLINOIS DIDN'T GET MUCH AT ALL AS MULTIPLE COMPLEXES WENT THROUGH CHICAGO  INTO SOUTHWESTERN MICHIGAN CENTRAL INDIANA GOT A LOT NORTHERN MISSOURI GOT A LOT. SO IT JUST  KIND OF DEPENDED ON HIM EXACTLY WHERE YOU LIVED. AND THAT WILL OF COURSE BE THE CASE AS WE  HEAD THROUGH THIS WEEK AS WELL. JETSTREAM SHOWING THE TROUGH AND COOLER WEATHER OVER THE  NORTHEAST EASTERN GREAT LAKES. THE RIDGE HAS MOVED EASTWARD INTO THE NORTH CENTRAL PLAINS  FOR AT LEAST A LITTLE WHILE THE TROUGH TRIES TO DIG IT OUT WEST BUT HERE HAS BEEN THE PATTERN ALL  SUMMER LONG THE RIDGE GOES BACK TO THE WEST AS WE HEAD INTO WEDNESDAY. THAT STILL MEANS  HOT FOR MOST OF THE WESTERN PLAINS BUT KIND OF A COOLISH PATTERN FOR THE NORTHERN GREAT LAKES  AND IS DUE INTO NEW ENGLAND. AND OF COURSE TRYING TO TURN COOLER A LITTLE BIT IN THE FAR NORTH  WEST AS WE HEAD THROUGH THE END OF THE WEEK AND INTO THE WEEKEND THE TROUGH DIGS A LITTLE  BIT MORE EASTERN GREAT LAKES AND THE NORTHEAST RIDGE HOLDS OVER THE WESTERN PLAINS  EASTERN PORTIONS OF THE ROCKIES. AND AS WE HEAD THROUGH THE WEEKEND AND INTO NEXT WEEK  LOOKS LIKE A LITTLE BIT MORE ENERGY TRYING TO DIG INTO THE GREAT LAKES SO IT'S GOING TO BE BACK  AND FORTH IN THE NORTHERN TIER OF STATES MORE THAN LIKELY GREAT LAKES INTO NEW ENGLAND AS FAR AS TEMPERATURES GO. BUT IT'S GOING TO REMAIN QUITE HOT THROUGH THE SOUTHEAST AND MOST OF THE WEST. IN FACT HERE'S MY FORECAST FOR TEMPERATURES THIS WEEK. AND YOU CAN SEE THEM GOING  ABOVE NORMAL FOR MOST OF THE PLAIN STATES NEAR NORMAL. BUT IT'S ALWAYS HOT. MOST OF TEXAS  ABOVE NORMAL ALSO THROUGH THE SOUTHEAST OHIO VALLEY TENNESSEE VALLEY MID-ATLANTIC BELOW  NORMAL THEN FOR NORTHERN NEW ENGLAND WITH THAT BACK AND FORTH AREA KIND OF THROUGH THE  GREAT LAKES REGION. I'M ALSO GOING BELOW NORMAL FOR THE SOUTHWEST AND THAT'S MAINLY  BECAUSE I'M EXPECTING YOU TO BE ABOVE NORMAL AS FAR AS RAINFALL GOES AND SO IT WILL BE HOT  AND HUMID IN THOSE AREAS. BUT YOU CAN STILL GET WET AT TIMES AS WELL BELOW NORMAL IN THE  SOUTHERN PLAINS INTO THE SOUTHEAST I'M GOING ABOVE NORMAL FOR A STRIP RIGHT THROUGH THERE WITH  THOSE FOR THOSE FRONTS KIND OF GO BACK AND FORTH AND UNFORTUNATELY NORTH DAKOTA MONTANA  AND MUCH OF THE WEST BELOW NORMAL AS WELL. THIRTY DAY OUTLOOK FOR TEMPERATURES BELOW  NORMAL IN NEW ENGLAND. OTHERWISE ABOVE NORMAL MID-ATLANTIC MOST OF THE PLAINS MOST OF THE  WEST NEAR NORMAL FOR THAT INNER MOUNTAIN REGION BECAUSE OF THE ABOVE NORMAL AMOUNTS OF  AFTERNOON RAIN FALL BELOW NORMAL NORTHERN PLAINS AND THE WEST OVER THE NEXT 30 DAYS AND FROM LOUISIANA TO MID-ATLANTIC INTO THE GREAT LAKES LOOKS TO BE ABOVE NORMAL. THAT'S A LOOK  ACROSS THE COUNTRY NOW. HERE ARE SOME LOCAL FORECASTS. FIRST OF ALL DENVER COLORADO RATHER  HOT TODAY AND AFTERNOON THUNDERSTORM IN SOME SPOTS HIGH 93. INDIANAPOLIS IND. A GOOD DEAL  OF SUNSHINE AND PLEASANT HIGH OF 83. AND FINALLY BALTIMORE MARYLAND A MIXTURE OF SUNSHINE  AND CLOUDS MAYBE AN AFTERNOON STORM IN SPOTS. HIGH AROUND 91 DEGREES. 

TEASE
UP NEXT MACHINERY PETE JOINS US TO TALK TRACTOR TRENDS FROM RECENT  AUCTIONS. AND LATER, THIS BAG OF DIRT IS EXPECTED TO BRING BIG BUCKS AT AUCTION. WE'LL TELL YOU WHY--COMING UP ON IN THE COUNTRY. AGDAY IS POWERED BY RAM TRUCKS - AMERICA'S LONGEST LASTING PICKUPS. 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!" )

MACHINERY PETE
MACHINERY PETE IS STILL SPENDING PLENTY OF TIME AT AUCTION--AND TODAY  HE'S SHARING HIS PERSPECTIVE ON PRICE TRENDS FOR USED 20 TO 30 YEAR  OLD TRACTORS. GREG. ONE TREND I'VE SEEN REALLY TAKE SHAPE HERE THE LAST COUPLE OF MONTHS FOLKS IF WE TALK TRACTORS  20 TO 30 PLUS YEARS OLD IN REALLY NICE CONDITION WITH LOW HOURS. BOY I TELL YOU WHAT THE BUYER  DEMAND ON THESE THINGS IS REALLY RATCHETING UP. NOW IT WAS A SALE LAST THURSDAY UP IN  EASTERN SASKATCHEWAN. GOOD PROOF OF THIS WHERE THIS 1992 CASE IH 71 40 HAD 4327 HOURS  ON IT SOLD FOR 82000 CANADIAN. NOW WHEN WE DO THE MATH AND CONVERT THAT INTO U.S. DOLLARS  COMES OUT TO $63468 THAT MAKES THAT THE EIGHTH HIGHEST AUCTION PRICE I'VE EVER SEEN ON A  7140 ACTUALLY JUST A COUPLE OF MONTHS AGO ON AN APRIL 1ST FARM AUCTION IN SOUTHEAST  MINNESOTA RIGHT BY ME. THIS 1990 MODEL 7140 WITH 2972 HOURS ON IT. SO FOR $71000 THAT  MEANS THAT THE SECOND HIGHEST AUCTION PRICE EVER ON A 7140. NOW IF WE STAY IN THE SAME  200 HORSEPOWER RANGE BUT CHANGE COLORS HERE'S A PICTURE OF A 1984 JOHN DEERE 4850 THIS  THING AND 3027 HOURS ON IT AND SO LAST WEEK ON A FARM AUCTION IN NORTHWEST ILLINOIS. JULY 7TH BROUGHT SIXTY ONE THOUSAND FIVE HUNDRED BUCKS. NOW HOW HIGH IS THAT FOLKS THE PREVIOUS HIGH  I'D EVER SEEN ON A 4850 WAS $53000 11 YEARS AGO. SO AGAIN THE REALLY NICE ONES LOW OUR  LITTLE AGE ON IT. TREMENDOUS BUYER INTEREST OUT THERE.  THANKS PETE. IF YOU THINK LAND PRICES ARE EXPENSIVE IN YOUR PART OF THE  COUNTRY, WAIT UNTIL YOU SEE WHAT THIS DIRT IS SELLING FOR. DETAILS AFTER  THE BREAK.

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. WHAT'S THE DIRT IN YOUR FIELD WORTH?  OF COURSE THAT DEPENDS ON  WHERE IT'S LOCATED. BUT IT'S NOT UNCOMMON TO SEE SOME OF THE BEST  CORN-GROWING FARMLAND IN IOWA TO GO FOR MORE THAN 10-THOUSAND AN  ACRE. BUT THAT'S "CHICKEN FEED" COMPARED TO SOME DUST FROM THE MOON! AND NOT JUST ANY MOON DUST.  BUT LUNAR SAMPLES FROM THE FIRST MAN TO  LAND ON THE MOON. THE BAG NEIL ARMSTRONG USED TO COLLECT MOON DUST WILL BE AUCTIONED  OFF THIS WEEK TO CELEBRATE THE 48TH ANNIVERSARY OF THE FIRST LANDING  ON JULY 20TH 1969. OTHER ITEMS LINKED TO SPACE TRAVEL WILL ALSO BE SOLD AT SOTHEBY'S OF  NEW YORK. BUT WITH AN ESTIMATED VALUE OF TWO-TO-FOUR MILLION DOLLARS, THE MOON  DUST IS THE STAR OF THE SALE. " IT IS AN OUTER DECONTAMINATION BAG. SO IT WAS USED TO PROTECT THOSE SAMPLES FROM POTENTIAL  CONTAMINATION FROM US ON PLANET EARTH. BUT ALSO TO PROTECT THE SPACECRAFT AND PLANET EARTH  FROM ANY POTENTIAL CONTAMINATION OF LUNAR PATHOGENS."HATTON SAYS THE BAG WAS MISIDENTIFIED AND NEARLY LANDED IN THE TRASH.  IT WAS RE-DISCOVERED DURING AN AUCTION OF FORFEITED ASSETS  CONDUCTED BY THE U-S MARSHALS SERVICE. AFTER A LEGAL TUSSLE, A FEDERAL JUDGE GRANTED THE CURRENT HOLDER  FULL OWNERSHIP. IN ADDITION TO THE LUNAR BAG AN ACTUAL FLIGHT PLAN USED DURING APOLLO  13 - THINK OF THAT TOM HANKS MOVIE - IS ALSO UP FOR SALE.

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR TYNE MORGAN, MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON  GRIFFITHS. HAVE A GREAT DAY. 

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