AgDay Daily Recap -November 5, 2015

November 5, 2015 02:57 AM
 

Today on AgDay

November 5, 2015

 

OPENING HEADLINES:
MAJOR GAINS TO GROWING PAINS. YOU ONLY GROW AT THE PACE YOU CAN GROW. WE'LL TELL YOU WHO'S TIGHTENING BELTS AND WHO'S IN THE BEST POSITION TO EXPAND NEXT YEAR.
IN AGRIBUSINESS, WITH TIGTER MARGINS, IT'S MARKETING 1-0-1. SELL INTO THAT RALLY IS WHAT FARMERS WILL PROBABLY WANT TO DO. AND A STAPLE FOR MANY THANKSGIVING DINNERS IS STRUGGLING TO GET A DRINK. THIS MAY WELL BE ONE OF THE DRIEST SEASONS IN THE LAST 43 YEARS THAT I HAVE EXPERIENCED.
IT'S SWEET POTATO HARVEST IN LOUISIANA.
GROWTH AND GROWING PAINS FOR FARMERS IN 2016:
GOOD MORNING I'M TYNE MORGAN. CLINTON GRIFFITHS IS ON ASSIGNMENT.
AS CASH FLOW ON FARMS GETS TIGHTER, MORE ARE TURNING TO BANKS FOR FARM LOANS.
FARM CREDIT SAYS LOAN VOLUME IS UP 9 PERCENT SO FAR THIS YEAR, WHILE NET FARM INCOME IS DOWN 2 AND HALF PERCENT, MOST OF THAT REDUCTION COMING IN THE THIRD QUARTER.
BUT LEAN TIMES ALSO CREATES OPPORTUNITY FOR GROWTH. OUR TOP STORY TODAY EXPLORES WHO'S IN THE BEST POSITION TO GROW IN 2016, AND WHY OTHERS ARE EXPERIENCING GROWING PAINS.
WE'VE SEEN A LOT OF UPS AND DOWNS AND THERE HAVE BEEN YEARS WHERE THINGS HAVE BEEN VERY, VERY TIGHT FOR US.
CHERI DE JONG IS NO STRANGER TO THE VOLATILITY MARRIED TO AGRICULTURE. FOR 25 YEARS, SHE WORKED ALONG SIDE HER HUSBAND, SCRUTINIZING THE NUMBERS WORK AND ALLOWING THE FAMILY'S DAIRY BUSINESS ROOM TO GROW AT WHAT SHE CALLS A COMFORTABLE PACE.
I THINK WE'VE LEARNED OVER THE YEARS, THAT IN THE GOOD YEARS, AND LAST YEAR WAS A GOOD YEAR, YOU BANK IT AWAY, YOU STOCK IT AWAY, YOU ONLY GROW AT THE PACE YOU CAN GROW. AND YOU NEVER GET TOO FAR OUT BECAUSE YOU NEVER KNOW WHAT THE NEXT YEAR IS GOING TO BRING.">
2014 PROVED TO BE A GOOD YEAR FOR DAIRIES, MEANING MANY OPERATIONS ARE IN THE MIDDLE OF EXPANSION TODAY. THAT GROWTH IS COMING FROM EVERY STATE BUT CALIFORNIA.
BOTTOMLINE IS EXPANSION IS ONGOING AND AT 15, 16 DOLLAR MILK, WE HAVE NOT DISCOURAGED THE CULLING OF COWS AND AS MORE BARNS GO UP, AND AS ADDITIONS GET PUT ON EXISTING BARNS, . WE'RE LOOKING AT CONITNUED EXPANSION THE REST OF THIS YEAR AND ON INTO 2016
THANKS TO MOTHER NATURE'S HELP, THE COW CALF SECTOR IS ALSO SEEING AN OPPORTUNITY TO GROWTH, WITH EXPANSION TAKING PLACE IN THE PLAINS.
I STILL THINK THE COW/CALF SECTOR IS PROBABLY THE BEST GROWTH SECTOR TO COME. NOT TO SAY THAT WE'VE TAPPED OUT POTENTIAL IN THE OTHERS, AND SPECIFICALLY THE HOG INDUSTRY.">>
BUT THE DIFFERENCE BETWEEN LIVESTOCK AND THE ROW CROP SECTOR THIS YEAR IS STARK. BUT WHEN LOOKING AT GRWOTH,MATT DAVIS WITH FARM CREDIT SAYS THE SIZE OF AN OPERATION DOESN'T MATTER.
THERE'S BEEN AN OPPORUTNITY TO INCREASE OUR WORKING CAPITAL, OUR RESERVE OUR CUSHION SO TO SPEAK AND THOSE THAT CHOSE TO REINVEST ALL INTO GROWTH, WITHOUT BUILDING UP ADDITIONAL RESERVES, THEY WILL FEEL IT MORE. SO THAT'S NOT A MATTER OF SIZE, JUST HOW THEY MANAGED MONEY IN THE GOOD TIMES.
"THE REAL KEY WOULD BE TO BE VERY CAUTIOUS. AND FARMERS ARE VERY CAUTIOUS. THEY PULL BACK ON THEIR AG EQUIPMENT PURCHASES, THEY PULL BACK ON WHAT THEY'RE PAYING FOR LAND.
GOSS SAYS WE'VE SWITCHED FROM AN ECONOMIC TAILWIND TO AN ECONOMIC HEADWIND, BECAUSE OF THE FEDERAL RESERVE AT LEAST MOVING IN THE DIRECTION OF HIGHER INTEREST RATES AND OF COURSE THE GLOBAL ECONOMY IS SLOWING DOWN, SO IT LOOKS LIKE 2015 FARM INCOME IS GOING TO BE DOWN FROM 14 AND 14 WAS DOWN FROM 13. I EXPECT 16 TO BE A LITTLE BIT BETTER TURN AROUND THERE.GOSS SAYS FOR FARMERS LOOKING TO GROW AND DOING SO BY BORROWING MONEY, SHOPPING AROUND FOR THE LOWEST INTEREST RATES DOES COME WITH A CERTAIN LEVEL OF RISK.
BY THAT I MEAN YOU GET A LOAN OUT OF NEW YORK, OR GET A LOAN OUT OF A LENDER THAT DOESN'T HAVE A PRESENCE IN YOUR COMMUNITY, THAT CAN BE NEGATIVE. I MEAN IN OTHER WORDS, YOU COULD HAVE THE LENDER NOT BE THERE. THEN YOU WOULD BE IN DEEP TROUBLE , EVEN THOUGH GROWTH MAY BE DIFFICULT, CLOSE THINKS ROW CROP FARMERS MAY NEED TO VENTURE INTO UNCHARTED WATERS TO EXPAND.
WE SEE CONVENTIONAL ROW CROP FARMERSA RE GOING TO BE LOOKING FOR WAYS TO DIVERSIFY AND STABILIZE INCOME. AND THAT PROVIDES THE OPPORTNUTIY TO REINTRODUCE COWS. >
IT'S MORE THAN JUST DIVERSIFICATION THAT COULD HELP AGRICULTURE IN THE YEARS TO COME. GOSS SAYS INCREASING TRADE RELATIONS, INCLUDING MAJOR DEALS LIKE THE TRANS PACIFIC TRADE PACT, COULD ALSO HELP PULL AGRICULTURE THROUGH.
WE ARE IN A WINDOW WHERE WE'RE SEEING A HEADWIND, NO DOUBT ABOUT IT, PRICES ARE DOWN, BUT LONG TERM YOU'D HAVE TO BE BULLISH ON THE LATEST ISSUE OF TOP PRODUCER MAGINZE INCLUDES A SIMILAR ARTICLE, TITLED "DO YOU HAVE ROOM TO GROW?" THAT'S HITTING MAILBOXES THIS WEEK AND FOCUSES ON THE CURRENT AND LONG-TERM BANK CAPACITY NEEDS. YOU CAN ALSO READ IT ONLINE--TOPPORDUCER HYPHEN ONLINE DOT COM.
JOHN DEERE:
AN UDPATE TO THE JOHN DEERE AND PRECISION PLANTING ACQUISITION. AS WE FIRST REPORTED WEDNESDAY, JOHN DEERE IS ACQURING PRECISION PLANTING FROM MONSANTO COMPANY FOR AN UNDISCLOSED AMOUNT. JOHN DEERE SAYS CURRENT JOHN DEERE DEALERS WILL HAVE THE OPPORTUNITY TO BECOME PRECISION PLANTING DEALERS, AND MONSANTO SAYS THE CURRENT PRECISION DEALER NETWORK WILL REMAIN INTACT. PRECISION PLANTING DOES HAVE STANDING AGREEMENTS WITH COMPETING EQUIPMENT MANUFACTURERS, LIKE AGOC AND CASE I-H. JOHN DEERE SAYS THEY PLAN TO MAINTAIN THOSE EXISTING RELATIONSHIPS. AGCO ALSO RELEASED A STATEMENT, SAYING THE COMPANY PLANS TO MOVE FORWARD USING PRECISION PLANTING COMPONENTS ON WHITE PLANTERS. CASE I-H HAS YET TO COMMENT.
MORE FARMERS, GRAIN HANDLERS AND CORN EXPORTERS ARE JOINING THE LAWSUIT AGAINST SYNGENTA'S GENTICIALLY MODIFIED CORN TRAIT.
ACCORDING TO THE ASSOCIAITED PRESS, THE TALLY IS NOW UP TO 2 THOUSAND FARMERS, GRAIN HANDLERS AND CORN EXPORTERS. THE RUB IS OVER SYNGENTA COMMERICALLY INTRODUCING ITS AGRISURE AND VIPTERA CORN TRAITS, WITHOUT CHINA'S APPROVAL.
THE PLAINTIFFS CLAIM THAT HARMED THE MARKET AND HINDERED CORN PRICES, COSTING THE CORN INDUSTRY AN ESTIMATED 1 TO 3 BILLION DOLLARS.
HIGHWAY BILL:
IN WASHINGTON, THE HOUSE IS BATTLING OVER THE SURFACE TRANSPORATION REAUTHORIZATION ACT OR THE HIGHWAY BILL, WHICH WOULD FUND IMPROVEMENTS ON BRIDGES AND ROADS. CONGRESS HASN'T PASSED A NEW HIGHWAY BILL SINCE 2005. THE SENATE ALREADY SIGNED OFF ON A VERSION, BUT THE MEASURE IS FACING OBSTACLES IN THE HOUSE.
ON TUESDAY, THE HOUSE VOTED DOWN THE SAFE TRUCKING ACT AMENDMENTT, WHICH WOULD HAVE ALLOWED FOR BIGGER SEMIS ON THE ROAD. TODAY, YOU COMMONLY SEE 5 AXLE SEMIS, BUT THE MEASURE PROPOSED AN INCREASE TO 6 AXLE, 91 THOUSAND POUND LIMIT.
SOY TRANSPORTATION COUNCIL'S MIKE STEENHOEK TOLD US THE MEASURE HAD STRONG SUPPORT FROM AGRICULTURE SINCE IT WOULD ALLOW PRODUCT TO MOVE MORE EFFICIENTLY ON THE INTERSTATE.
YOU'VE GOT TO HAVE THAT ADDITIONAL AXEL IS BECAUSE WHAT THAT DOES IS IT DISPLACES THE WEIGHT, SO THE ACTUAL IMPRINT ON THE ROAD, WHAT THE ROAD FEELS IS ACTUALLY LESS THAN AN 80, 000 POUND 5 AXEL CONFIGURATION, SO IT WILL ACTUALLY HAVE A BENEFICIAL IMPACT ON ROAD WEAR AND TEAR, IT CERTAINLY WILL ALLOW MOVE MORE PRODUCT PER LOAD, THAN WHAT WE CURRENTLY CAN DO. STEENHOEK SAYS THE MEASURE FAILED AS SOME LEGISLATORS VIEWED BIGGER SEMIS AS A HAZARD ON THE ROADS.
CROP WATCH:
CROPWATCH TAKES US FROM COLORADO TO LOUISIANA AND THE EASTERN CORN BELT. HERE'S MIKE HOFFMAN.
GOOD MORNING TYNE WE'RE STARTING IN LOUISIANA WHERE FARMERS HAVE BEEN DEALING WITH A LOT OF RAIN. THE CROP PROGRESS REPORT SHOWS SUGARCANE HARVEST IS LAGGING BEHIND IN SAINT MARTIN PARISH.
THE CANE GRINDING SEASON WILL LIKELY LAST UNTIL MID-JANUARY INSTEAD OF MID-DECEMBER. THE WEATHER ALSO CAUSING PROBLEMS FOR A POPULAR THANKSGIVING SIDE-DISH. MORE ON THAT, LATER IN THE SHOW. IN COLORADO, IT'S TAKING FARMERS A WHILE TO GET CORN OUT OF THE
FIELD. THE "NASS" REPORT SHOWS LESS THAN HALF HAS BEEN SHELLED. IT'S NORMALLY THREE QUARTERS BY NOW. AND TAKE A LOOK AT THIS VIEW AT THE HISTORIC BONNEYVILLE MILL IN ELKHART COUNTY INDIANA. THEY STILL GRIND GRAIN THERE. IT LOOKS LIKE ONLY ONE TREE IS STILL HOLDING ONTO ITS LEAVES. THAT AREA HAS BEEN BASKING IN 70 DEGREE WEATHER THIS WEEK. THAT'S 15 DEGREES ABOVE NORMAL FOR THIS TIME OF YEAR.
AND TAKING A LOOK AT THE WEATHER MAP YOU CAN SEE WHY IT’S ALL WARM ACROSS THE EASTERN PORTIONS OF THE COUNTRY THAT’S GOING TO BE CHANGING THOUGHT I’LL HAVE MY FORECAST COMING UP IN A FEW MINUTES.
TEASE:
JUST AHEAD, BRIAN DOHERTY FROM STEWART-PETERSON LOOKS AT CORN MARKETING. WHAT SHOULD YOU BE FOCUSING ON RIGHT NOW?
AND A THANKSGIVING DINNER -TABLE STAPLE STRUGGLEING WITH A ROUGH YEAR IN WEATHER. DETAILS IN THE COUNTRY.
CME:
IN AGRIBUSINESS, CATTLE SAW INTENSE PRESSURE ON WEDESNDAY, WHILE GRAINS HAD A NICE RALLY. WE GET DETAILS NOW FROM THE C-M-E FLOOR.
WEDNESDAY'S GRAIN SAW HIGHER PRICES PRETTY MUCH AC ROSS THE BOARD,. WE DID SEE A TURNAROUND FROM BOTTOM. WHAT WE'RE SEEING HERE IS THE LEVELS WE'VE BEEN FOLLOWING AND WATCHING HERE. WE SAW SOY BOUNCE OFF THE 8.78 AND 8.80 LEVEL AND SAW A LITTLE BIT OF A RALLY WE SAW CORN, SOME ARE CHURNING BETWEEN THESE 3.70 AND 3.85 LEVEL. AGAIN, WE SEE A BOUNCE. WE SEE WHEAT UBLEIVEABLE NICE MOVE OFF THE 5 LEVEL.
BOOM. RUNNING THROUGH THE STOPS FORCING OUT. NOW AGAIN THESE MARKETS ARE GOING TO GO STRAIGHT UP OR STRAIGHT DOWN. WEDNESDAY LIVESTOCK TRADE SAW AS PREDICTED DOWN THEY WENT. IF YOU REMEMBER THE CALL, DOWN GOES FRAZER AND DOWN WENT THE MEATS.
NO SURPRISE. YESTERDAY WE MENTIONED WE ARE LOOKING FOR 145 IN LIVE CATTLE.LOOKING TO GO SIGNIFICANTLY LOWER AND WE GO DOWN LIMIT. WE ARE LOOKING AT 195 IN FEEDER. AND BOOM HERE WE GO. NOW AGAIN, IT'S NOT GOING TO BE EASY. IT'S TORTUROUS OUT THERE. BUT THESE ARE NOTHING BUT BEAR MARKET RALLIES. WHEN YOU SEE THEM THEY ARE GREAT OPPORTUNITIES TO SELL. LOOK FOR LEVELS TO SELL.THIS IS TODD HOWITZ FROM BUBBA TRADING DOT COML. COMING TO YOU FROM THE FLOOR OF THE CME GORUP IN CHICAGO.
AGRIBUSINESS:
USDA IS SET TO RELEASE ITS LATEST YIELD ESTIMATE NEXT WEEK. EARLY PROJECTIONS POINT TO AN INCREASE FOR BOTH CORN AND SOY. CLINTON GRIFFITHS JOINS US FROM THE AGRIBUSINESS DESK TO TELL US HOW TO MARKET FOR THE UNKNOWNS.
BRIAN DOHERTY, STEWART PETERSON, OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. BRIAN, LET'S TALK ABOUT THE CORN MARKET. HARVEST WENT REALLY WELL, WE DON'T HAVE A WHOLE LOT OF DRYING COSTS RIGHT NOW, WE ARE TRYING TO SORT OUT HOW MUCH TO PUT IN THE BIN OR SELL, BUT THEN AGAIN WE LOOK AT 2016 AT SOME POINT WE HAVE TO MAKE A PROFIT. WHAT DO YOU THINK THIS PRICE IS GOING TO DO?> WELL, IT'S PROBABLY NOT GOING TO DO A LOT IN THE VERY NEAR TERM. WHEN I SAY VERY NEAR TERM, PROBABLY THE NEXT 30-90 DAYS. THAT'S JUST THE NATURE OF HAVING A BIG CROP, WE ARE FINISHING HARVEST, FARMERS ARE PUTTING IN THE BIN SO THAT'S GOING TO LIMIT DOWN SIZE PRESSURE. ON THE OTHER HAND, RALLIES OVER AND OVER AND OVER AGAIN, YOU HAVE BEEN REWARDED BY SELLING THE RALLIES. CASH FLOW DYNAMICS ARE A LITTLE DIFFERENT FOR PRODUCERS THIS YEAR, FOR CONTRACTING OPPORTUNITIES ARE LIMITED, SO AS PRICES RALLY WE ARE GOING TO SEE FARMERS MOVE MORE AND MORE CORN. ULTIMATELY WHAT THAT MEANS, IS AS WE HEAD INTO THE NEW YEAR, THE MARKET'S GOING TO FOCUS ON THE VALUE OF CORN AND IF THE VALUE OF CORN DOESN'T GET PRODUCERS REASON TO WANT TO PRODUCE, WE MIGHT LOSE ACREAGE AGAIN AND WHEN WE LOOK AT THIS YEAR'S PRODUCTION AND 168 BUSHELS IN AN ACRE, WE STILL ARE GOING TO USE MORE THAN WE PRODUCE AND SO CONSEQUENTLY YOU GET DECLINING CARRY OUT, SO THE ONLY WAY TO CUSHION THAT CARRY OUT IS TO DECREASE DEMAND, INCREASE ACREAGE, INCREASE YIELD OR ANY OF THE ABOVE. THE MOST LIKELY SCENARIO IS IN THE WINTER MONTHS, UPWARD PRESSURE ON PRICES SO THAT'S GOING TO BE YOUR CATALYST TO BUY ACRES. SELL INTO THAT RALLY IS WHAT FARMERS WILL PROBABLY WANT TO DO, BUT THEN YOU HAVE GOT TO BE BALANCED, BECAUSE YOU HAVE THAT EL NINO PATTERN...> THERE'S A LOT OF UNKNOWNS.> WE HAVE HAD GOOD WEATHER, CORN IS A CHEAP COMMODITY, END USERS COULD AGGRESSIVELY BUY, SO THERE'S A LOT OF POTENTIAL FOR CORN. IT'S JUST A SLEEPY MARKET AND THE OLD SAYING IS NEVER SELL A SLEEPY MARKET. YOU HAVE TO MANAGE YOUR CASH FLOW AND YOU NEED CASH FLOW, BUT IF YOU ARE GOING TO SELL INTO THE MARKET, LOOK AT WAYS TO RETAIN OWNERSHIP. NEXT YEAR COULD BE A TOTALLY DIFFERENT PICTURE FOR CORN PRICES.> ALL RIGHT, SO REAL QUICK, WHAT YOU ARE SAYING IS THAT YOU DON'T WANT TO PUT A BUNCH OF FALSE HOPE OUT THERE, BUT WE HAVE JUST HAD A LOT OF HEAD WINDS THIS YEAR, RIGHT?> OH FOR SURE, YOU GO RIGHT DOWN THE LINE, HIGHER U.S. DOLLAR, BASICALLY GOOD WEATHER, UNCERTAINTY WITH CHINA EARLY IN THE YEAR, EUROPEAN PROBLEMS, IT'S BEEN ONE THING AFTER THE OTHER THAT THIS MARKET HAS BEEN BATTLING. ULTIMATELY, AT SOME POINT THESE THINGS ARE GOING TO TURN FRIENDLY FOR PRICE AND THEN THERE'S GOING TO BE A REAL MAD DASH, WE SAW A HINT OF IT EARLIER THIS YEAR, THAT CORN PRICES RALLY 90 CENTS IN ONE MONTH.> ALL RIGHT, SO SOMETHING TO WATCH. THANKS, BRIAN, APPRECIATE THAT, WE WILL BE BACK WITH MORE AGDAY IN JUST A MINUTE.
TEASE:
WHAT'S THE ROLE OF BEAN OIL IN THE PRICE OF SOYBEANS. WE'LL TALK ABOUT IT IN FRIDAY'S PROFARMER PROFIT BRIEFING, FRIDAY ON AGDAY.
FOR 150 YEARS CARGILL HAS BEEN WORKING SIDE BY SIDE WITH FARMERS AND THE AGRICULTURAL COMMUNITY. THANK YOU FOR BEING A PART OF THIS SUCCESS. WE CONTINUE TO LOOK FORWARD AND ARE EXCITED TO OFFER ONLINE GRAIN PURCHASING THROUGH CARGILLAG.COM.
NATIONAL WEATHER:
WELCOME BACK. WELL, MIKE I HOPE SOME OF OUR VIEWERS HAVE BEEN ENJOYING THIS INDIAN SUMMER THAT YOU MENTIONED IN CROPWATCH.
AMAZING. IT IS AMAZING. IN SOME PLACES IT'S LIKE THE THIRD OR FOURTH WARMEST START TO NOVEMBER IN HISTORY. BUT IT'S NOT GOING TO LAST.
IT'S NOT GOING TO LAST, COLD FRONT IS COMING. AND THAT WILL MEAN A BIG CHANGE IN TEMPS ESPECIALLY ACROSS THE WESTERN AND HIGH PLAINS AS WE MOVE THROUGH THIS AFTERNOON. OUT OF HEAD OF IT, SHOWERS AND EVEN STORMS SOME OF THESE ON THE HEAVY SIDE. FROM KANSAS ALL THE WAY DOWN INTO TEXAS. BEHIND IT, WELL WE'RE SEEING SNOW. ALL THE WAY DOWN INTO PARTS OF ARIZONA AND NEW MEXICO. OBVIOUSLY THE HIGHER ELEVATIONS BUT SOME RAIN OFF TO THE NORTHWEST OF THIS SYSTEM INTO THE DAKOTAS AS WELL. MIXING WITH SOME OF THIS SNOW IN THE NORTHWEST EDGE OF IT BY THIS EVENING YOU CAN SEE THE SHOWERS AND STORMS ALL THE WAY FROM CENTRAL ILLINOIS DOWN INTO TEXAS. HIGH PRESSURE BUILDS IN BEHIND IT WITH A VERY WEAK SYSTEM CAUSING SOME MOUNTAIN SNOWS AS YOU CEASE IN THE NORTHERN ROCKIES BY LATER ON
TODAY. THERE IS A STRONGER SYSTEM OFF SHORE THAT WILL BE COMING IN A COUPLE DAYS. NOW AS WE HEAD THROUGH THE NIGHT AND INTO THE FIRST PART OF TOMORROW THAT LINE OF SHOWERS AND THUNDERSHOWERS FROM THE GREAT LAKES ALL THE WAY INTO SOUTHEASTERN TEXAS. HIGH PRESSURE EXCUSE ME EAST THROUGH THE SOUTHEASTERN PART OF HE COUNTRY. AND THEN BY LATER TOMORROW WE'RE LOOKING AT THAT COLD FRONT ALL THE WAY INTO THE APPALACHIAN REGION DOWN INTO NORTHERN MISSISSIPPI CENTRAL LOUISIANAN WITH SHOWERS ALONG IT. THEY DON'T LOOK QUITE AS HEAVY TOMORROW AS WE'RE SEEING THIS AFTERNOON THOUGH. A FEW SHOWERS WITH THAT SYSTEM MOVING THROUGH THE NORTHERN PLAINS. NOW THE PRECIP ESTIMATE OVER THE PAST 24 HOURS WE'VE JUST STARTED TO SEE SOME OF THAT RAIN IN TEXAS AS YOU CAN SEE THERE. OTHERWISE IT'S KIND OF HIT AN MISS . THE MAJORITY FROM NORTHERN PLAINS DOWN INTO THE SOUTHERN ROCKIES BUT LOOK AT HOW MUCH FALLS OVER THE NEXT 36 HORUS. PARTS OF TEXAS, MAY END UP WITH 2 TO 3 INCHES OF RAIN. ALL DEPENDING ON WHERE THOSE BANDS OF SHOWERS AND STORMS SET UP.
YOU CANS SEE THIS MOISTURE IS KIND OF STREAKY AS HEADS INTO OHIO VALLEY AND GREAT LAKES . AS FAR TEMPS GO, HUGE CHANGE FROM WARMTH EAST OF COLD FRONT TO BEHIND IT. GO FROM 70S TO 40S QUICKLY THERE. THIS AFTERNOON. LOWS TONIGHT YOU CAN SE THE BLUE MOVING EASTWARD AND THAT MEANS BETWEEN 70 IN MEMPHIS AND 49 IN TULSA FOR MORNING TEMPERATURES, AND THEN AS WE HEAD THOUGH DAY TOMORROW, STILLWARM THROUGH SOUTHEAST MID ANTLANTIC STATES, BUT MUCH CHILLIER ACROSS MOST OF ROCKIES AND ALL THE WAY INTO NORTHERN AND CENTRAL PLAINS, BUT OF COURSE THAT'S MORE TYPICAL FOR THIS TIME OF YEAR. THE RIDGE IS FINALLY LOSING POIWER AND YOU CAN SEE THE TROPH DIGS INTO IT. KIND OF BACK TO A LITTLE BIT OF ARIDGE AS WE HEAD INTO NEXT WEEK FOR CORN BETL THEN ANOTHER ROPH. BUT EVERYHTHING IS STARTIN TO MOVE NOW, WE'RE NOT SEEING SOMETHING SITTING HTERE FO RSEVERAL DAYS. THAT'S A LOOK ACROSS THE COUNTRY.

 

REGIONAL WEATHER:
 NOW FOR LOCAL FORECASTS. FOR EUGENE, OREGON TODAY LCOUDY WITH SHOWERS HIGH TEMPEROATURE OF 55. LOTTON, OKLAHOMA WARM WITH A HEAVY SOTRM OR TWO. HIGH OF 79. PERU, INDIANA, PATCHY FOG IN THE MORNING, THEN PARTY SUNNY IN THE AFTERNOON HIGH OF 72 DEGREES.
STILL TO COME, ONE OF THE HIGHEST PAID COLLEGE FOOTBALL COACHES HAS SOME FOOD FOR YOUR HEALTH. AND HERE'S A HINT--IT WILL MAKE BOTH DAIRY AND BEEF PRODUCERS VERY HAPPY.
COUNTRY MUSIC PICKED EXCLUSIVELY FOR AND BY YOU -THE AMERICAN FARMER. THE MUSIC YOU WANT AND THE AG INFORMATION FROM FARM JOURNAL YOU NEED. THE FARM -ON MY FARM RADIO.

DROUGHT MONITOR:
IN OUR BEEF TODAY REPORT...A NEW DROUGHT MONITOR REPORT COMES OUT LATER THIS MORNING. BUT IT'LL BE DIFFICULT TO MATCH THE DRAMATIC CHANGES WE SAW LAST WEEK IN THE SOUTHERN PLAINS.
THE GREEN ON THE MAP SHOWS ONE, TWO, EVEN THREE GRADE IMPROVEMENTS THROUGH-OUT MUCH OF TEXAS AND SOUTHERN OKLAHOMA.
THAT'S A BIG SHIFT FROM LATE SUMMER WHEN FAIRLY SIGNIFICANT DROUGHT WAS BEGINNING TO BUILD.
BUT IN THE RECENT WEEKS WE'VE HAD A SERIES OF RAIN EVENTS THAT HAVE DONE A LOT TO REDUCE THOSE IMPACTS ACROSS MUCH OF THAT REGION. THE EL NINO THAT WE'VE BEEN TALKING ABOUT HAS FINALLY ARRIVED. WE'RE SEEINGT A FAIRLY REGULAR SERIES OF MOISTURE EVENTS.
AND THE FORECAST IS FOR WETTER THAN AVERAGE CONDITIONS OVER THE SOUTHERN PART OF THE COUNTRY FOR THE NEXT FEW WEEKS. PEEL SAYS PASTURE LAND IMPROVEMENT AND A BIG HAY SUPPLY PUTS OKLAHOMA RANCHERS IN GOOD POSITION HEADING INTO WINTER.
THE LATEST I-ARC STUDY LINKING RED AND PROCESSED MEAT TO CANCER MAY STEER SOME CONSUMERS AWAY FROM EATING BEFF, BUT NOT MICHIGAN HEAD COACH JIM HARBAUGH.
DURING A RADIO INTERVIEW THIS WEEK, HARBAUGH REVEALED WHAT HE VIEWS AS NATURAL STEROIDS. THE SAYS FIRST, IS SLEEP. NUMBER TWO ON THE LIST, MILK. AND NOT JUST ANY MILK, WHOLE MILK. THREE WOULD BE WATER. AND TO ROUND OUT HIS TOP FOUR, STEAK.
DEFINITELY HAS SOME WORDS TO LIVE BY... WHEN WE COME BACK -THE WEATHER HAS BEEN ANYTHING BUT SWEET FOR SWEET POTATO GROWERS IN LOUISIANA.
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.
IN THE COUNTRY:
KITCHENS ACROSS THE COUNTRY WILL SOON BE PREPARING HOLIDAY MEALS, AND ONE DISH WILL ALMOST CERTAINLY INCLUDE SWEET POTATOES LOUISIANA IS ONE OF THE TOP GROWERS IN THE COUNTRY.
SWEET POTATO PRODUCERS HAVE SEEN BOTH ENDS OF THE SPECTRUM. AN EXTREMELY WET SPRING DELAYED PLANTING CAUSING THE HARVEST TO BEGIN LATER THIS YEAR. AN EXTREMELY DRY FALL CAUSED SOME GROWERS TO STOP HARVESTING. AND THEN HURRICANE PATRICIA TWO WEEKS AGO HINDERED HARVEST.
THIS MAY WELL BE ONE OF THE DRIEST SEASONS IN THE LAST 43 YEARS THAT I HAVE EXPERIENCED. WHAT'S REMAINING TO BE HARVESTED IS DRYLAND, AND WE ARE DEPENDENT UPON A RAIN.
CLOSING:
THE TOP SWEET POTATO GROWER IS NORTH CAROLINA WHICH GROWS HALF OF THE U-S SUPPLY
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN. FOR CLINTON GRIFFITHS AND MIKE HOFFMAN, I'M TYNE MORGAN. HAVE A GREAT DAY.
PROMO:
I'M TYNE MORGAN. FRIDAY ON AGDAY OUR PARTNERS FROM PROFARMER ARE HERE. CHIP FLORY AND BRIAN GRETE WILL DISCUSS THE IMPACTS OF SOYBEAN OIL ON U-S SOYBEAN DEMAND. FOR REAL NEWS THAT MATTERS, WATCH 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