AgDay Daily Recap -July 22, 2016

July 22, 2016 02:57 AM
 

TODAY ON AGDAY
JULY 22, 2016


OPENING HEADLINES:
TODAY ON AGDAY -TRIPLE DIGIT HEAT BLANKETS THE U-S, AND DROUGHT CONDITIONS ARE STARTING TO GET DIRE... I'M BETSY JIBBEN. A LARGE PORTION OF MICHIGAN IS UNDER SOME TYPE OF DROUGHT STRESS. WE'RE TALKING WITH FARMERS ABOUT WEATHER AND CROP CONDITIONS WITHIN THE STATE AHEAD ON AGDAY," FROM THE HOOSIER STATE TO THE V-P HOT SEAT GREW UP WITH CORN FIELDS IN OUR BACK YARD. MIKE PENCE ACCEPTED THE NOMINATION, AND HE'S ALREADY TAKING IMMIGRATION AND TRADE. IN THE PROFARMER PROFIT BRIEFING...TOUGH MARKETING DECISION... IT'S JULY 22ND....WHAT DO WE DO NOW? HA HA GOOD QUESTION.BRIAN AND CHIP LOOK AT FACTORS TO HELP YOU FIND ANSWERS. AND WE VISIT A HOOSIER SHOWCASE IN THIS WEEK'S GREAT AMERICAN BARN REPORT.
DROUGHT:
GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT. AS TRIPLE DIGIT HEAT REMAINS PARKED ACROSS MUCH OF THE U-S, DROUGHT IS IMPROVING IN IOWA AND ILLINOIS, BUT DIGGING DEEPER IN THE EAST, SOUTHEAST AND HIGH PLAINS. CHECK OUT THE LATEST DROUGHT MONITOR, SHOW DRYNESS NOW CONSUMING 70 PERCENT OF OHIO, A 10 POINT BUMP FROM LAST WEEK. IN THE SOUTHEAST, GEORGIA SEEING THE ABNORMALLY DRY AREA SPREADING, UP 10 POINTS IN JUST A WEEK. EXTREME DROUGHT IS WORSENING IN THE HIGH PLAINS. 5 PERCENT OF SOUTH DAKOTA IS NOW SEEING EXTREME CONDITIONS, AND 4 PERCENT OF WYOMING. BUT THINGS ARE LOOKING BETTER FOR IOWA, RECENT RAINS HELPING WIPE AWAY A LARGE PORTION OF MODERATE DROUGHT, NOW ONLY 6 PERCENT OF THE STATE IS IN THAT CATEGORY. MICHIGAN FARMERS DIDN'T SEE ANY RELIEF IN THE LATEST DROUGHT MONITOR. 68 PERCENT OF THE STATE IS ABNORMALLY DRY. 17 PERCENT IS IN A MODERATE DROUGHT, UP SLIGHTLY FROM LAST WEEK.
BATTLING DROUGHT IN MICHIGAN:
AGDAY NATIONAL REPORTER BETSY JIBBEN TALKS TO FARMERS NEAR THE TOWN OF MASON, MICHIGAN ABOUT BATTLING THE HEAT DURING THIS KEY POLLINATION PERIOD. IT'S A TIMELINE SO CRITICAL FOR THE CORN CROP.. A CROP THAT'S PARCHED IN MICHIGAN.. "MICHIGAN IS DRY. WE'RE VERY, VERY DRY," NO MOISTURE AT ALL. THAT'S JUST DUST," FARMERS IN MASON, MICHIGAN SAY AFTER A COOL, WET SPRING, THE FACUET TURNED OFF IN JUNE. JUST DRIPPING ENOUGH FOR THE CROPS TO GET BY IN JULY.
REPORTING FOR AGDAY, I'M BETSY JIBBEN.
HIGH TEMPS EXPECTED TO LAST THROUGH THE FALL:
THANKS BETSY. HAYNES SAYS HE TURNED ON THE IRRIGATION SYSTEM AND HAS YET TO SHUT IT OFF. IT'S MORE THAN JUST DROUGHT SOME OF FARMERS ARE FACING, WITH HIGH HEAT GRIPPING THE U-S THIS WEEK. THE WARMTH COULD STICK AROUND THROUGH FALL. NATIONAL OCEANIC AND ATMONSPHERIC ADMINSTIRATION RELEASING THEIR 90 DAY OUTLOOK FOR BOTH TEMPERATURES AND PRECIPITATION.  METEOROLOGISTS ARE CALLING FOR WARMER THAN AVERAGE TEMPS FROM AUGUST THROUGH OCTOBER ACROSS THE ENTIRE U-S. NOAA IS ALSO CALLING FOR ABOVE NORMAL PRECIPITATION IN THE HIGH PLAINS, WHICH COULD BRING SOME DROUGHT RELIEF.
SOME BENEFITS TO DRY WEATHER:
BUT BELOW NORMAL IN THE SOUTHEAST AND NORTHWEST.  WHILE LACK OF RAIN IS ADDING STRESS TO THE CORN AND SOYBEAN CROP, IT'S BENEFITTING THIS YEAR'S WHEAT CROP.  FARMERS IN MICHIGAN AND OHIO TELLING US DRY CONDITIONS BROUGHT A GOOD CROP WITH MINIMAL DISEASE. THAT'S QUITE A CHANGE FROM LAST YEAR WHEN WET WEATHER BROUGHT ON LOW TEST WEIGHTS, POOR QUALITY AND VOMITOXIN ISSUES IN THE EASTERN CORN BELT. ONE MICHIGAN FARMER TELLING US, HE'S EXPECTING AN AVERAGE YIELD OF OVER 100 BUSHELS AN ACRE IN HIS AREA THIS YEAR.
CROP PROGRESS:
USDA'S CROP PROGRESS REPORT SHOWS 96 PERCENT OF THE WINTER WHEAT CROP IS HARVESTED IN OHIO, 43 PERCENT IN MICHIGAN.
GOP CONVENTION:
THE 2016 GOP CONVENTION IS ONE FOR THE BOOKS. IT CLOSED THURSDAY AFTER AN EVENING OF SPEECHES AND PAGEANTRY. REPUBLICAN DELEGATES RECEIVED THEIR MARCHING ORDERS -TO CONVINCE AMERICANS THAT DONALD TRUMP SHOULD BE THE NEXT PRESIDENT. DURING HIS ACCEPTANCE SPEECH ON WEDNESDAY, TRUMP'S RUNNING MATE INDIANA GOVERNOR MIKE PENCE -TALKED OF HIS UPBRINGING IN RURAL INDIANA. MY GRANDFATHER IMMIGRATED TO THIS COUNTRY. I WAS RAISED IN A SMALL TOWN IN SOUTHERN INDIANA WITH A CORN FIELD IN THE BACKYARD" PENCE SAYS THE NOVEMBER PRESIDENTIAL RACE IS CRUCIAL TO PROTECTING THE NATION AND UPHOLDING THE CONSTITUTION.
AG SECRETARY COULD BE CLINTON’S RUNNING MATE:
IT'S POSSIBLE AG SECRETARY TOM VISLACK COULD BE NAMED AS THE VICE PRESIDENTAL CANDIDATE TO HILLARY CLINTON AS EARLY AS TODAY. CLINTON SAYS SHE WILL ANNOUNCE HER RUNNING MATE EITHER FRIDAY OR SATURDAY TO SUPPORTERS ON THE CAMPAIGN TRAIL IN FLORIDA. VILSACK AND SENATOR TIM KAINE ARE SAID TO BE ON HER SHORT LIST FOR V-P. VILSACK HAS SERVED AS SECREATRY OF AGRICULTURE SINCE 2009.
CROP COMMENTS:
CROP COMMENTS IS POWERED BY RESICORE HERBICIDE FOR CORN FROM DOW AGROSCIENCES. LET'S CHECK IN WITH MIKE HOFFMAN FOR THIS MORNING'S CROP COMMENTS. MIKE. GOOD MORNING, TYNE. LET'S START OFF IN NORTH CENTRAL INDIANA, JR OFF TWITTER IS SENDING US A VIEW FROM HIS 'OFFICE' OF THE CORN CROP. USDA SAYS 74 PERCENT OF THE STATE'S CORN CROP IS RATED GOOD TO EXCELLENT. AND MOVING OVER TO SOUTHWEST OHIO, NEIL RHONEMUS SAYS HE'S 'HANGING WITH THE GIRLS' THIS AFTERNOON. USDA'S LAST QUARTERLY HOGS AND PIGS REPORT SAYS INVENTORY IS AT 68.4 MILLION HEAD.
TEASE:
WHEN AGDAY CONTINUES IN TWO MINUTES, OUR PARTNERS AT PROFARMER LOOK AT SOME OF THE MARKETING CHALLENGES CORN AND SOY FARMERS FACE RIGHT NOW HALF-WAY THROUGH THE GROWING SEASON. BY LOOKING AT THIS BARN, CAN YOU GUESS HOW OLD IT IS? YOU MAY BE SURPRISED ABOUT THIS GREAT AMERICAN BARN.
AND SEE HOW A CAMPAIGN TO CLEAN-UP TRASH ACTUALLY TURNED INTO A HIGH SEAS ADVENTURE!
FROM THE FLOOR OF THE CME:
IN AGRIBUSINESS -A MIXED DAY OF GRAIN TRADE THURSDAY. LET'S HEAD TO CHICAGO FOR AN UPDATE FROM THE CME. IT HAS BEEN A ANOTHER DISASTROUS DAY FOR THE CATTLE MARKET LIVE CATTLE AND FEEDER CATTLE BOTH TRADING CONSIDERABLY LOWER THE LIVE CATTLE MAKING CONTRACT LOWS NEAR THAT 108 LEVEL AS SOME TRADERS LOOKING FOR MAYBE SOME MORE SELLING PRESSURE HERE TO ROUND OUT THE WEEK AS WE GO IN TO TOMORROW'S CATTLEN FEED REPORT THAT FEEDER CATTLE LEVELS WERE LOOKING AT CONTRACT LOWS ONE THIRTY FOUR TWENTY FIVE FROM NOT ALL THAT LONG AGO THAT'S THE FIRST LINE IN THE SAND I THINK IF WE CLOSE BELOW THAT LEVEL YOU COULD SEE SOME STOPS GET HIT AND SOME ACCELERATED SELLING PRESSURE COME INTO THE MARKET WE DO MAINTAIN THIS DOWN TREND LOWER LOWS AND LOWER HIGHS AS AS WE HEAD TOWARDS THE MONTH OF AUGUST WHICH WILL BE TO BE DETERMINED AS FAR AS PRICE ACTION GOES FROM THERE AND IF WE CAN FORM A BOTTOM AND GET SOME REAL SOLID THE DEMAND COMING INTO THE MARKET IT'S A TOUGH TIME TO MAKE DECISIONS IN THESE GRAIN MARKETS.
PROFARMER:
CHIP FLORY AND BRIAN GRETE FROM OUR PRO FARMER TEAM HAVE SOME IDEAS ON HOW TO EVALUATE YOUR OPTIONS. WELL BRIAN. HERE WE ARE. IT'S JULY TWENTY SECOND. WHAT WE DO NOW CAN? GOOD QUESTION. YOU KNOW WE MADE IT THIS FAR IN THE GROWING SEASON SO HALFWAY THROUGH ITS IT'S GOOD AT THIS POINT SEVENTY SIX PERCENT OF CORN IS GOOD TO EXCELLENT SEVENTY ONE PERCENT SOYBEANS GOOD EXCELLENT. GOOD START WE STILL HAVE A LOT OF GROWING SEASON LEFT THOUGH. YEAH THAT'S EXACTLY RIGHT I THINK THAT IT JUST SEEMS LIKE THE CROP WATCHERS OR I HSOULD SAY THE MARKET WATCHERS RATHER THAN THE CROP WATCHERS BASICALLY SAID HEY WE MADE IT THROUGH POLLINATION EVERYTHING'S FINE LET'S JUST THE HARVEST A BIG CROP NOW HERE YOU KNOW I THINK THE YIELD NUMBERS ARE ARE KIND OF LEANING UP AT THIS POINT I BECAUSE OF GOOD CROP RATINGS THE FACT THAT WE HAD SOME HEAT BUT IT WASN'T AS SEVERE IS WHAT EVERYBODY WAS ANTICIPATING.
NATIONAL WEATHER:
WELCOME BACK NOW HERE NOW WITH METEOROLOGIST MIKE HOFFMAN MIKE I KNOW THIS HOT SPELL IS SUPPOSED TO BE SHORT LIVED ARE YOU STILL THINKING THAT'S THE CASE? YES, IT IS A CASE EVEN IN THE SOUTH IT'LL BE LESS EXTREME AS WE HEAD INTO NEXT WEEK. BUT YOU KEEP SAYING NOT A NORMAL WINTER.SO WE'RE NOT IN THE CLEAR RIGHT? WERE NOT CLEARLY GET ANOTHER THREE OR MORE OF THESE AS WE HEAD THROUGH THE REST OF THE SUMMER. SO WE'LL HAVE TO KEEP AN EYE ON THINGS AND OF COURSE THAT IMPACTS THE DROUGHT MONITOR AS YOU CAN SEE THERE ANY TIME YOU GET INTENSE HEAT IT JUST MAKES THINGS DRY OUT THAT MUCH FASTER BUT LET'S GO BACK FOUR WEEKS SEE WHAT WE'RE LOOKING AT YOU CAN SEE THE POCKETS ALREADY DEVELOPING IN THE SOUTHEAST A SPECIALLY CENTERED AROUND NORTHERN ALABAMA, NORTHERN GEORGIA AND ALSO NEAR THE BLACK HILLS AREA IN SOUTH DAKOTA AS WE GO THROUGH THE LAST FOUR WEEK YOU CAN SEE HOW ALL THOSE AREAS HAVE EXPANDED BUT THE AREAS ACROSS THE CORN BELT NOTHING MAJOR IS SHOWING UP AS FAR AS ANY OTHER LARGER POCKETS BUT YOU CAN SEE A LITTLE SECTIONS
REGIONAL WEATHER:
THAT'S A LOOK ACROSS THE COUNTRY NOW SAY COLLECTED SOME LOCAL FORECASTS FIRST OF ALL, FOR BURNS, OREGON, PLENTY OF SUNSHINE COMFORTABLY WARM. HIGH OF EIGHTY FOUR DEGREES. HASTINGS, NEBRASKA HAZY SIGNED VERY HOT THUNDERSTORM LIKELY. THE HIGH IS 101. LEXINGTON, KENTUCKY MOSTLY SUNNY HOT HUMID MAY BE A STORM HIGH OF NINETY FOUR.
TEASE:
LATER IN THE SHOW -FIND OUT HOW AN EFFORT TO PICK-UP TRASH "CAN" TURN INTO AN ANNUAL BOATING CLASSIC. AND TAKE A LOOK AT THIS INDIANA SHOWCASE. WE'LL VISIT THIS GREAT AMERICAN BARN, NEXT ON AGDAY.
GREAT AMERICAN BARNS:
TODAY'S GREAT AMERICAN IS A STUNNING EXAMPLE OF WHAT CAN BE DONE WITH AGING FACADES TO TURN YOUR BARN INTO A SHOWCASE. THIS HIGHLY DETAILED BARN IS OWNED BY THE MORRIS FAMILY OF ARGOS, INDIANA. THE ORIGINAL BARN WAS BUILT IN 1950 AND USED AS A CORN CRIB. THE ORIGINAL FOOT-PRINT WAS 49-BY-27 FEET. IT HAS A CENTER PASS-THROUGH WHERE WAGONS COULD UNLOAD THEIR EAR CORN. THE MORRIS FAMILY PURCHASED THE FARM IN 1975 AND USED IT TO STORE GRAIN. IN RECENT YEARS THE FAMILY RECOGNIZED THE THE BARN'S UNIQUENESS AND VALUE. THEY STARTED THEIR ON-GOING RENOVATION AND RESTORATION OF THE DETAILED BARN AND MANICURED FARMSTEAD.
TEASE:
STILL TO COME -FROM OLD BARNS TO OLD CANS. HARDY SAILORS ATTEMPT TO SAIL THE SEAS WITH A COLLECTION OF BEER CANS. IN THE COUNTRY IS NEXT.
IN THE COUNTRY:
ON OCCASION, YOU'LL HEAR ABOUT A CARDBOARD BOAT REGATTA. COMPETITORS MAKE BOATS FROM, WELL, CARDBOARD AND DUCK TAPE. THEY HOPE THE WATERCRAFT IS ACTUALLY SEAWORTHY. WELL IN AUSTRALIA, THEY USE SOMETHING A BIT MORE DURABLE. . . BEER CANS!
WELCOME TO DARWIN, AUSTRALIA'S ANNUAL BEER CAN REGATTA. CHALLENGERS MAKE BOATS OUT OF RECYCLED CANS AND PUT THEIR SAILING SKILLS TO THE TEST. THE REGATTA IS HELD EVERY YEAR IN THE NORTHERN TERRITORY AND DRAWS THOUSANDS OF PEOPLE FROM ALL OVER AUSTRALIA. THE BIZARRE CONTEST STARTED IN THE 1970S AS A WAY TO CLEAN UP EMPTY BEER CANS AROUND DARWIN.
CLOSING:
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR BETSY JIBBEN AND MIKE HOFFMAN, I'M TYNE MORGAN. HAVE A GREAT DAY.
PROMO:
I'M TYNE MORGAN. MONDAY ON AGDAY MEANS MACHINERY PETE OFFERS HIS UNIQUE INSIGHT INTO THE LATEST USED FARM EQUPIMENT DEALS. PLUS WHAT'S MOVING THESE MARKETS? WE'LL HAVE OUR MARKETS WEIGH IN. TUNE IN MONDAY FOR AGDAY.

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close