AgDay Daily Recap - August 13, 2018

August 13, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
AUGUST 13, 2018

HEADLINES

FRESH USDA REPORTS ROCK THE MARKET. WE HAVE COMPLETE COVERAGE. "THE MARKETS DIDN'T NEED BEARISH NEWS BUT WE GOT IT"PLUS ...WHAT'S THE LONG VIEW OF CORN  PLUS MACHINERY PETE HAS PRICES ON 83-HUNDREDS. AND WOULD YOU TAKE A SCOOP OF THIS CONDIMENT FLAVORED ICE CREAM. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

USDA WASDE REPORTS 
GOOD MORNING I'M CLINTON GRIFFITHS. WE'LL SEE HOW THE MARKET  CONTINUES TO REACT THIS MORNING TO LAST FRIDAY'S USDA GRAIN REPORTS. THE AG DEPARTMENT SEES RECORD-SIZED POTENTIAL COMING FROM BOTH THE  SOYBEAN AND CORN CROPS. FIRST SOYBEANS - USDA IS EXPECTING A RECORD-HIGH SOYBEAN CROP THIS  YEAR WITH FARMERS HARVESTING NEARLY FOUR-POINT-SIX BILLION BUSHELS. WHILE HARVESTED SOYBEAN ACREAGE IS DOWN, YIELDS ARE UP - WAY UP - AVERAGING 51-POINT-SIX BUSHELS PER ACRE. THAT'S TWO AND A HALF BUSHELS  MORE THAN LAST YEAR. USDA IS ALSO SEEING A RECORD IN THE NATION'S CORN YIELD - 178-POINT-FOUR  BUSHELS AN ACRE, UP ONE-POINT-EIGHT BUSHELS FROM LAST YEAR. AND FOUR  BUSHELS HIGHER THAN LAST MONTH. IF REALIZED, THIS WILL BE THE HIGHEST YIELD ON RECORD FOR THE UNITED  STATES. WHILE HARVESTED ACREAGE IS DOWN ONE PERCENT FROM LAST YEAR, THE BIG YIELD WILL PUT CORN PRODUCTION TO 14-POINT-SIX BILLION BUSHELS "BUT FOR USDA TO BLOW IT OUT OF THE WATER IT CERTAINLY SUGGESTS THAT WE'VE GOT A DARN GOOD  CORN CROP OUT THERE. IT WAS DRIVEN BY A POPULATION THAT MAYBE IS THE NUMBER ONE THING TO  THINK ABOUT AS WE CONSIDER WHY OR HOW WE ARE WORKING WITH THE RECORD CORN YIELDS ON SOYBEANS. REALLY. WOW. THAT IS A HUGE JUMP FROM A YEAR AGO FOR THE SOYBEAN YIELD IS NOT A  RECORD IT'S STILL FOUR TENTHS OF A BUSHEL BELOW THE RECORD SET IN 2016 BUT IT'S STILL A REALLY BIG  NUMBER FOR FOR THE SOYBEAN YIELD AS OF AUGUST 1 STILL HAVE A LOT TO DETERMINE ON WHAT THAT  BEING CROP IS GOING TO FINISH UP. I'M AGRITALK'S CHIP FLORY." IF THE CROP COMES THROUGH - USDA EXPECTS RECORD SOYBEAN YIELDS IN  EIGHT STATES.  THE SEA OF BLUE ACROSS THE UPPER MIDWEST AND EASTERN  CORN BELT REFLECTS USDA'S OPTIMISM.  ILLINOIS, INDIANA, OHIO, AND  PENNSYLVANIA WITH POTENTIAL RECORD SOY CROPS. 'NASS' IS ALSO FORECASTING RECORD-HIGH CORN YIELDS - AGAIN IN BLUE - IN  ALABAMA, ILLINOIS, NEBRASKA, OHIO, SOUTH DAKOTA AND TENNESSEE. ILLINOIS TOPS THE MIDWEST WITH 207 BUSHELS AN ACRE. MISSOURI - WHICH AS WE SHOWED YOU LAST WEEK - IS SUFFERING WITH DROUGHT. THE STATE'S CORN YIELD AVERAGE DROPPED 39 BUSHELS AN ACRE COMING IN  ONE-HUNDRED-31. PROFARMER EDITOR BRIAN GRETE HAS POURED THROUGH THE STACKS OF  REPORTS AND SHARES HIS INSIGHT TO THESE AUGUST REPORTS. "WE NOW TURN THE TABLES FROM A TECHNICAL PERSPECTIVE AND BOWLS WHICH HAD GAINED A LITTLE BIT  OF MOMENTUM ON RECOVERIES FROM THE JULY LOWS ARE BACK ON THEIR HEELS HERE AS WE WAIT TO  SEE IF THE CROPS GET BIGGER. NOW THERE'S JUST BASED ON WHAT HISTORICAL NUMBERS TELL US OVER  THE PAST 20 YEARS THERE'S ABOUT A TWO THIRDS CHANCE THAT THE SOYBEAN CROP WILL RISE FROM USDA'S INITIAL ESTIMATE HERE IN AUGUST. ON THE CORN SIDE OF THINGS USDA LOOKS FOR THE THIRD  BIGGEST CORN CROP ON RECORD. THE BIGGEST YIELD ON RECORD. BUT THERE'S ONLY A 50/50 CHANCE  OVER THE PAST 20 YEARS THAT THE YIELD WILL EITHER INCREASE OR DECREASE FROM AUGUST SO IT'S BASICALLY A CRAPSHOOT ON THAT ONE.THE AG DEPARTMENT ALSO ADJUSTING THE DOMESTIC GRAIN SUPPLIES ON  FRIDAY. NEW CROP CORN ENDING STOCKS WERE PUSHED HIGHER FROM JULY - COMING  IN AT ONE-POINT-SEVEN(.68) BILLION BUSHELS. FROM THE SOYBEAN LEDGER - USDA'S PEGS NEW-CROP ENDING STOCKS AT 785  MILLION BUSHELS, MUCH HIGHER THAN LAST MONTH'S OUTLOOK OF 580-MILLION BUSHELS. JOE VACLAVIK FROM STANDARD GRAIN HAS SOME THOUGHTS ON THE CORN AND  SOY SUPPLIES. "NOW WHEN WE START TO LOOK AT THE BALANCE SHEETS HERE THE SOYBEAN NUMBERS ARE ESPECIALLY TROUBLING. THE 18 19 US CARRY OUT PEGGED AT A WHOPPING SEVEN HUNDRED AND EIGHTY FIVE MILLION BUSHELS. I BELIEVE THAT WOULD BE THE LARGEST ON RECORD IF REALIZED WE'VE GOT THE STOCKS TO USE RATIO NOW AT 18 AND A HALF PERCENT ACCORDING TO TODAY'S NEW CROP PROJECTIONS WHICH IS THE HIGHEST THAT WE'VE SEEN IN RECENT MEMORY. SO SOME REALLY NEGATIVE NUMBERS ON THE SOYBEAN SIDE HERE BOTH GLOBALLY AND DOMESTICALLY. NOW THE CORN PICTURE NOT AS BAD. THEU.S. CORN CARRY OUT FOR 1819 PEGGED AT ONE POINT SIX A FOUR MILLION. THAT WOULD BE UP JUST A LITTLE BIT FROM LAST MONTH'S PROJECTION. SIMILAR DEAL ON THE GLOBAL SIDE JUST A COUPLE MILLION METRIC TONS HIGHER FROM LAST MONTH'S PROJECTION." ​ALL-WHEAT PRODUCTION IS FORECAST AT NEARLY ONE-POINT-NINE (.88) BILLION  BUSHELS. THAT'S EIGHT PERCENT HIGHER THAN A YEAR AGO. BY VARIETY - WINTER WHEAT PRODUCTION DECLINED SIX PERCENT. DURUM WHEAT IS UP 34-PERCENT. NASS IS ALSO PROJECTING A SMALLER COTTON CROP THIS SEASON. IT COMES IN  AT 19-POINT-TWO MILLION BALES - EIGHT PERCENT BELOW LAST YEAR. AVERAGE YIELD IS 911 POUNDS PER ACRE, UP SIX POUNDS.

TRADE GAP WIDES
DESPITE U-S TARIFFS ON CHINESE GOODS SHIPPED INTO THIS COUNTRY, THE  TRADE GAP BETWEEN THE TWO COUNTRIES CONTINUES TO WIDEN. THAT GAP IS PART OF THE REASON PRESIDENT TRUMP HAS IMPOSED TARIFFS ON  CHINESE-MADE PRODUCTS. ACCORDING TO BLOOMBERG NEWS, CHINA'S TRADE SURPLUS WIDENED BY  ELEVEN PERCENT FROM A YEAR AGO - UP 28 BILLION DOLLARS IN JULY. BLOOMBERG ANALYSTS SAY MERCHANTS RUSHED TO FILL ORDERS BEFORE THE  25-PERCENT TARIFFS WERE ENACTED. ON FRIDAY THE VICE MINISTER OF AGRICULTURE AND RURAL AFFAIRS TELLING A  LOCAL NEWS OUTLET THAT TARIFFS ON U.S. AG GOODS WON'T AFFECT CHINA  MUCH. HE SAYS THE COUNTRY CAN BUY FROM OTHER PLACES. ADDING THAT QUOTE "ONCE OTHER COUNTRIES HAVE BECOME RELIABLE  SUPPLIERS OF AG GOODS FOR CHINA, IT WILL BE VERY DIFFICULT FOR U.S.  PRODUCERS TO REGAIN THE CHINESE MARKET."

EPA TO STOP PESTICIDE SALE
IT APPEARS FARMERS MAY LOSE A WIDELY-USED PESTICIDE FROM THEIR TOOL  BOX. THE FEDERAL APPEALS COURT IN SAN FRANCISCO ORDERED THE E-P-A TO STOP SALES OF CHLORPYRIFOS.  THE COURT GAVE THE FEDERAL AGENCY 60 DAYS TO IMPLEMENT THE BAN. THE FEDERAL APPELLATE COURT SAYING THE TRUMP ADMINISTRATION  ENDANGERED PUBLIC HEALTH BY KEEPING CHLORPYRIFOS ON THE MARKET. FORMER EPA BOSS SCOTT PRUITT REVERSED A BAN IMPLEMENTED UNDER  PRESIDENT OBAMA. ENVIRONMENTALISTS THEN SUED PRUITT AND THE EPA. A SPOKESMAN SAYS ACTING EPA ADMINISTRATOR ANDREW WHEELER IS REVIEWING THE DECISION. EPA COULD POTENTIALLY APPEAL TO THE SUPREME  COURT. THE MAKERS OF CHLORPYRIFOS, CORTEVA AGRISCIENCE --FORMERLY DOW- SAYS QUOTE "REGULATORY BODIES IN 79 COUNTRIES HAVE LOOKED AT THE  SCIENCE, CAREFULLY EVALUATED THE PRODUCT AND ITS SIGNIFICANT BENEFITS  AND CONTINUED TO APPROVE ITS USE. WE NOTE THAT THIS WAS A SPLIT  DECISION OF THE PANEL AND WE AGREE WITH THE DISSENTING JUDGE'S OPINION. WE EXPECT THAT ALL APPELLATE OPTIONS TO CHALLENGE THE MAJORITY'S DECISION WILL BE CONSIDERED." 

CROP COMMENTS
LETS TURN OVER TO WEATHER AND BASED ON USDA'S LATEST NUMBERS CROPS  LOOK PRETTY GOOD. MIKE HOFFMAN HAS MORE IN TODAY'S CROP COMMENTS. GOOD MORNING CLINTON. A FARMER IN RICHLAND COUNTY NORTH DAKOTA POSTED TO AGWEB THAT  CROPS THERE DEPEND ON WHO GOT RAIN. SOME PLACES SAW TOO MUCH AND OTHERS NEEDED MORE. WHEAT AND BEANS LOOK AVERAGE--CORN LOOKS GREAT. THE LATEST USDA REPORT SAYS CORN IN NORTH DAKOTA IS UP 9 BUSHELS TO A  148 BUSHEL PER ACRE AVERAGE. AND TAKE A LOOK AT THIS VIDEO OF WHEAT HARVEST ON THE  PALOUSE. JASMINE  BAIRD POSTED THIS VIDEO TO TWITTER FROM WEST VALLEY WASHINGTON. ACCORDING TO LAST WEEK'S CROP PROGRESS REPORT, WINTER WHEAT  HARVEST IS PAST THE HALF WAY POINT, SPRING WHEAT IS ABOUT A FIFTH CUT. AND TAKING A LOOK AT THE DROUGHT MONITOR WHAT WE'RE SEEING IS STILL THOSE SPOTTY EXTREME TO  EXCEPTIONAL DROUGHT AREAS FROM NORTHERN MISSOURI ALL THE WAY DOWN INTO TEXAS SOME AREAS HAVE GOTTEN RELIEF. BUT THE SOUTHWEST DEFINITELY NOT WE HAVE SOME DRY AREAS THROUGH SOME  OF THE NORTHERN STATES AS WELL. CHECK OUT YOUR FORECAST COMING UP BUT FIRST HERE ARE SOME  HOMETOWN TEMPS.  

TEASE
WE'LL CONTINUE OUR MARKET CONVERSATION, WITH TOMMY GRISAFI NEXT IN  AGRIBUSINESS. AND LATER, MACHINERY PETE!"STAY TUNED FOLKS. COMING UP I'VE GOT AN AUCTION SALE PRICE MAP HERE YOUR NOT GOING TO  BELIEVE."PLUS THERE'S NOTHING BETTER THAN RICH, COLD ICE CREAM IN THE SUMMER,  BUT WOULD YOU ENJOY THIS CONDIMENT LACE FLAVOR? WE'LL EXPLAIN ON IN  THE COUNTRY. DON'T MISS THE 2018 FARM PROGRESS SHOW … AUGUST 28TH THROUGH  AUGUST 30TH … IN BOONE, IOWA. VISIT FARM PROGRESS SHOW-DOT-COM FOR  MORE INFORMATION AND TO PURCHASE TICKETS ONLINE.

FLOOR OF THE CME
IN AGRIBUSINESS MARKETS REACTED STRONGLY TO USDA'S REPORTS FRIDAY. LETS GET THE PLAY BY PLAY FROM OUR FRIENDS ON THE FLOOR IN CHICAGO. THE USDA REPORT CAME OUT AND SOYBEANS JUST ABSOLUTELY COLLAPSED. IT JUST SEEMS THAT THE  ESTIMATE WAS JUST WAY FAR AWAY FROM WHAT THE ACTUAL NUMBERS WERE WITH THE WORLD ENDING STOCKS AT 1 0 5 POINT NINE FROM NINETY NINE ESTIMATE. THAT'S A HUGE DIVERGENCE WE NORMALLY  DON'T SEE THAT EVEN THEU.S. STOCKS WERE EXPECTING MUCH LOWER NUMBERS AS WELL. KIND OF A  VERY BIG SURPRISE AND NORMALLY WHEN WE GET SOMETHING LIKE THIS WE KNOW THAT WE'RE GOING TO GET A BIG MOVE AND OUR FUTURES REALLY TUMBLED OVER 40 CENTS. CORN DID THE EXACT SAME THING  AS WELL. IT WAS REALLY TOUGH BEARISH USDA REPORT JUST SENT IT DOWN ABOUT SEVEN OR EIGHT CENTS  WHICH IS A PRETTY BIG MOVE FOR CORN OVER THE LAST COUPLE OF SESSIONS BECAUSE WE'VE BEEN  TRADING IN A TIGHT RANGE ALREADY. THAT'S ALL FROM THE FLOOR AT THE CME GROUP HERE IN CHICAGO AND VIRGINIA MCGATHEY. 

AGRIBUSINESS
NEW NUMBERS AND NEW CARRY OUT EXPECTATIONS FOR CORN HAVE MARKETS  ON EDGE. BUT WHAT'S THE STORY GOING FORWARD? TYNE MORGAN ASKS THE  QUESTION FROM THE ROAD IN TODAY'S ANALYSIS. HERE NOW WITH TOMMY GRISAFI OF ADVANCE TRADING. TOMMY WE SEE A LOT OF AREAS THAT ARE  SHOWING A REALLY GOOD CORN CROP BUT WE'RE SEEING A LOT OF AREAS ALSO THAT ARE SHOWING A CORN  CROP THAT'S STRUGGLING THIS YEAR FROM ME TOO MUCH MOISTURE NOT ENOUGH MOISTURE. DO YOU THINK THIS STORY PREVAILS IN THE CORN MARKET THIS YEAR. I DO THINK IT'S DIFFERENT THAN LAST YEAR. I'M  NOT A BIG FAN OF THE WEATHER GUY BUT THE WEATHER GUY PROMOTED THE HOT NIGHTS AND ALL THAT  OTHER STUFF. IT'S NOT A PERFECT YEAR AND YOU KNOW AT TIME WE DON'T HAVE AS MANY ACRES AS WE TYPICALLY HAVE. SO WE'RE DEALING WITH WEIGHT LOSS CORN ACRES AND THINGS NEEDED TO BE PERFECT  AND THEY WERE PERFECT FOR A WHILE BUT THEY'RE STARTING TO BE JUST ENOUGH PROBLEMS THAT THAT'S A  BIG DIFFERENCE IF WE PRODUCE A 180 BUSHEL CORNER 176 176 BEAUTIFUL CROP RIGHT. WE TAKE 176  TIMES ACRES EDLINGTON OR CARRY OUT AND YOU GET INTO BULL MARKET TERRITORY. DO YOU THINK THAT THE  TRADE IS STARTING TO REALIZE THAT THERE ARE SOME ISSUES IN CORN AND THAT WE COULD HAVE SOME TIGHT SUPPLIES. I THINK THE PERSON WHO'S A LITTLE SHOCKED IS THE END BUYER THE END USERS. SO FOR  LAST I DID LITTLE RESEARCH FOR I CAME HERE TODAY IT'S BEEN 180 DAY SINCE. FROM MONTH CORN  FUTURES WERE FIVE DOLLARS. AND SO THEY'RE JUST USED TO BUYING CORN WHEN THEY NEEDED ALL THE  CORN AND THE CARRY OUT OUT REFERRED HIM FOR IN FRONT OF THEM. YEAH A LITTLE SHORTER CROP THIS  YEAR AND A WEATHER PROBLEM IN SOUTH AMERICA AND PROBABLY WITH US NEXT YEAR WE COULD BE AT FIVE DOLLAR CORN AGAIN. IT'S A BIG COULD WE'D HAVE TO HAVE WHEAT CONTINUING TO GO UP. OTHER  PEOPLE IN THE WORLD HAVE PROBLEMS BUT MAYBE THIS IS THE YEAR KIND OF LIKE BEING A CUBS FAN  YOU'RE ALWAYS SAYING IT'S GOING TO HAPPEN AGAIN. BUT EVERY HUNDRED YEARS IT DOES AND IN THIS  CASE IT'S BEEN A LONG TIME SINCE CORDEN'S HAD A FIVE IN FRONT OF IT. BUT HOW SOON COULD THAT HAPPEN I MEAN DO WE HAVE TO WAIT UNTIL SOUTH AMERICA HAS AN ISSUE IS THIS WE WOULDN'T SEE  THAT THAT PRICE UNTIL WINTER YEAH IT WOULD. IF THE YIELDS WERE DOWN AND 174 172 IT WOULD REALLY  SPARK AN INTENSE SHORT COVERING RALLY. IT'S THE FIRST TIME IN YEARS AND USERS HAD TO PAY UP IN  CORN AND THE WHOLE REST OF THE WORLD IS LOOKING FOR A STORY OTHER THAN INVESTING IN APPLE AND  NETFLIX AND ALL THESE THINGS SO THE STOCK MARKET'S HOT DEAL RIGHT NOW. YOU GET CRUDE OIL BACK  UP. STRANGER THINGS HAVE HAPPENED. ALL RIGHT TOM MICROSOFT THANK YOU SO MUCH FOR JOINING US. LET'S TAKE A QUICK BREAK HERE ON NEW DAY AND THEN WE HAVE MUCH MORE WHEN WE  CONTINUE. 

WEATHER
WELCOME BACK TO AGDAY. METEOROLOGIST MIKE HOFFMAN LOOKING AT RAINFALL OVER THE PAST  WEEK IN MIKE. YOU KNOW PRETTY MUCH THE EASTERN HALF OF THE COUNTRY PRETTY WELL COVERED  SPOTTY BUT PRETTY WELL COVERED. RIGHT THERE'S BEEN A LOT OF RAIN OVER THE LAST SEVEN DAYS. THIS  GOES FROM A WEEK AGO SATURDAY THROUGH THIS PAST FRIDAY. AND YOU CAN SEE ESTIMATES SOME OF THE HIGHER AMOUNTS ARE IN ARKANSAS SOUTHERN ARKANSAS. SOME OF THAT AREAS ACTUALLY  RECEIVED 3 4 5 INCHES THE RAIN EVEN UP INTO THE LITTLE ROCK AREA. AS YOU CAN SEE THEN WE GET  A LITTLE FARTHER NORTH THROUGH CENTRAL PORTIONS OF MISSOURI COULD REALLY USE THE RAIN DIDN'T GET  MUCH. PARTS OF SOUTHERN IOWA DIDN'T GET MUCH. SOME OF THE NORTHERN PORTIONS OF MISSOURI THAT ARE IN A SEVERE DROUGHT. GOT A HALF INCH TO AN INCH WHICH WASN'T BAD OR ONE TO TWO  INCHES ACTUALLY IN SOME PLACES AND ANYONE SEE THAT STRIP JUST NORTH OF THE I 80 CORRIDOR  ACROSS IOWA GETTING SEVERAL INCHES OF RAIN 4 5 6 INCHES AND THAT EXTENDED EASTWARD INTO THE AYITI CORRIDOR OR THE SOUTHERN GREAT LAKES AS WELL. NOW THE JET STREAM. THESE ARE TO REALLY  CUT OFF LOW PRESSURE SYSTEMS. THIS ONE'S GOING TO BE A DECENT WEATHER MAKER AS IT COMES  NORTHEAST AS WE'LL SHOW YOU WE STILL HAVE THIS CUT OFF IN THE EASTERN GREAT LAKES AND THE MID-ATLANTIC STATES AS WELL. THOSE WERE BOTH KIND OF FOLD INTO THE JET STREAM AS IT COMES A LITTLE  FARTHER SOUTH BY THE MIDDLE OF THIS WEEK. SO A LITTLE BIT COOLER AIR TRYING TO COME INTO THE FAR  NORTHERN PLAINS AND WE SEE THE TROUGH DIGGING THROUGH THE GREAT LAKES INTO THE NORTHEAST AT THE END OF THE WEEK RIDGE BUILDS BACK UP OUT WEST AND MORE ENERGY FEEDING INTO THAT TROUGH  AS WE HEAD INTO THIS COMING WEEKEND IN THE FOLLOWING WEEK AND THAT WILL BRING SOME COOLER  AIR ONCE AGAIN TO THE GREAT LAKES IN THE NORTHEAST THAT'S THE BASIC PATTERN THAT WE KEEP SEEING SOME WARM INTRUSIONS INTO THIS TROUGH BUT THEN WE SETTLE IT BACK DOWN AGAIN. AND  THAT'S BEEN THE PATTERN OVER THE PAST THREE OR FOUR WEEKS AT THIS POINT ONCE WE FINALLY DID KIND  OF FLOP THINGS. ALL RIGHT. TEMPERATURES THIS WEEK WE'RE GOING ABOVE NORMAL PENNSYLVANIA NEW YORK NEW ENGLAND ALSO MARYLAND BELOW NORMAL THEN FROM THE CENTRAL MISSISSIPPI VALLEY  ALL THE WAY BACK THROUGH THE SOUTH CENTRAL PLAINS INTO NORTHERN MEXICO ABOVE NORMAL FOR  MOST OF THE NORTHERN ROCKIES AND THE WEST COAST BELOW NORMAL PRECIPITATION IN THAT SAME AREA AND ABOVE NORMAL FROM THE SOUTHWEST RIGHT ON INTO THE CENTRAL AND EASTERN OHIO VALLEY  EASTERN CORN BELT I SHOULD SAY INTO PARTS OF THE NORTHEAST BELOW NORMAL ALSO FOR FLORIDA A 30  DAY OUTLOOK FOR TEMPERATURES ABOVE NORMAL IN THE NORTHEAST. EASTERN LAKES ALSO MONTANA AND THE WEST BELOW NORMAL FROM KANSAS SOUTHWARD AS FAR AS PRECIPITATION IS CONCERNED  GOING ABOVE NORMAL AT A PRETTY LARGE AREA. GREAT LAKES TO THE GULF COAST BACK THROUGH THE  SOUTHWEST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS FOR TUCSON ARIZONA TODAY PARTLY SUNNY MAYBE AN AFTERNOON THUNDERSTORM AROUND HIGH OF 98  DEGREES IRONWOOD MICHIGAN MOSTLY SUNNY QUITE WARM HIGH OF 86 AND FINALLY AIKEN SOUTH  CAROLINA MIX OF SUN AND CLOUDS MAYBE AN AFTERNOON STORM HIGH OF 90. 

TEASE
WHEN WE COME BACK, MACHINERY PETE CHECKS PRICING AND REGIONAL  TRENDS FOR A TRACTOR FAVORITE. AND LATER, IF YOU ENJOY DIFFERENT FLAVORS OF ICE CREAM YOU WON'T WANT  TO MISS THIS LATEST CREAMY CREATION. OR...MAYBE YOU DO. DETAILS ON IN THE COUNTRY. 

MACHINERY PETE
IT'S ALWAYS INTERESTING TO SEE HOW DIFFERENT REGIONS IMPACT MACHINERY  PRICES. TODAY MACHINERY PETE TAKES A CLOSER A LOOK AT RECENT AUCTION TRENDS  FOR A JOHN DEERE 83-HUNDRED. REALLY INTERESTING OVER THE LAST THREE DECADES TO TRACK HOW GEOGRAPHY CAN AFFECT USED  VALUES. NOW LAST THURSDAY I WAS OUT IN NORTHEAST INDIANA. WE WERE FILMING AN AUCTION FOR OUR  MACHINERY TV SHOW AND IT HAD THIS SUPER CLEAN 1995 JOHN DEER 8300 TRACTOR 5131 HOURS  AGAINST SUPER SHARP. NOW SO FAR THIS YEAR THE AVERAGE AUCTION PRICE ON JOHN DEER 8300 TRACTOR IS COMING IN AT FORTY ONE THOUSAND SEVEN HUNDRED SEVENTY FOUR DOLLARS. BUT THE ONE  LAST THURSDAY IN NORTHEAST INDIANA WELL THAT BROUGHT 68500 SO PREMIUM PRICE FOR THAT NICE  CONDITION. NOW HERE'S SOMETHING REALLY INTERESTING TO LOOK AT. FOLKS THIS IS AN AUCTION PRICE  MAP BUT IT ONLY SHOWS THE LAST TWO YEARS. JOHN DEERE 8300 SOLD SIXTY EIGHT THOUSAND DOLLARS  AND UP. SO IF YOU LOOK HERE THERE'S TWO MAIN HOTSPOTS. ONE WHERE I WAS LAST THURSDAY NORTHEAST INDIANA AND NORTHWEST OHIO THE OTHER OUT WEST KIND OF CENTRAL NEBRASKA INTO IOWA.  NOW THAT LAST TWO YEARS THE HIGHEST ONE UNDER 8300 I'VE SEEN SOLD ACTUALLY CAME FROM  CENTRAL NEBRASKA. HERE'S A PICTURE OF IT A 1998 MODEL 3500 HOURS SOLD NOVEMBER OF 16 FOR EIGHTY FIVE THOUSAND DOLLARS. AND ONE OTHER INTERESTING THING IF WE HEAD BACK EAST TO THE  HOTSPOT OUT IN NORTHWEST OHIO ONE AUCTION COMPANY SIEFKER REAL ESTATE AUCTION HAS SOLD  THREE. JOHN YOU'RE 8300 THE LAST NINE MONTHS BETWEEN SEVENTY THOUSAND FIVE HUNDRED DOLLARS AND SEVENTY NINE THOUSAND DOLLARS. NOW OF COURSE THE TAKEAWAY HERE IF YOU'RE SELLING  A PREMIUM CONDITION PIECE OF USED EQUIPMENT YOU NEED TO KNOW WHERE THESE HOTSPOTS ARE  WHERE THEIR DOLLARS ARE FLOWING AND GET YOUR LISTING IN FRONT OF THOSE EYES.

TEASE
UP NEXT A CONDIMENT FAVORITE GETS A COOL NEW CREATION. 

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M7060. BUILT TO GET THE JOB DONE. SEE  KUBOTAUSA.COM OR YOUR LOCAL KUBOTA DEALER FOR MORE INFORMATION.MAYONNAISE - IT'S ALRIGHT IN CERTAIN RECIPES. MY WIFE USES IT ON  OCCASION. MANY OF US USE IT AS A SANDWICH SPREAD. BUT I'M NOT SURE WHAT I THINK ABOUT MAYONNAISE IN MY ICE CREAM????? INSIDE THIS ICE CREAM SHOP IN FAL-KIRK, SCOTLAND, KYLE GENTLEMAN LIKES  TO EXPERIMENT WITH UNIQUE ICE CREAM FLAVORS. "WHY NOT GO WITH THAT SOMETHING THAT SCOTTISH PEOPLE LOVE.. SO WE WENT WITH  MAYONNAISE." YEP - MAYONNAISE. APPARENTLY - HE'S NOT CONTENT WITH CHOCOLATE, VANILLA OR "31 FLAVORS". " THE IDEA IN ARTISAN ICE CREAM WAS TO MAKE UNIQUE ARTISTIC FLAVOURS THAT YOU DON'T USUALLY  SEE, RATHER THAN JUST THE USUAL ONES. I THINK I HAVE KIND OF ACHIEVED THAT."LONG BEFORE THE MAYONNAISE IS ADDED TO THE CREAM, A MIXTURE IS FIRST  PREPARED AND PASTEURISED. THIS TAKES UP TO AN HOUR. AFTER THAT MAYONNAISE IS MEASURED, ADDED AND BLENDED TOGETHER WITH  THE CREAM AND SUGAR. "SO, THE RESPONSE HAS BEEN KIND OF CRAZY, AND EVEN THOUGH IT WAS A BIT OF A SCOTTISH IDEA,  AND A KIND OF A CRAZY SCOTTISH IDEA TO PUT MAYONNAISE IN ICE CREAM, IT IS ACTUALLY THE REST OF  THE WORLD THAT HAVE ENJOYED IT MORE SO THAN SCOTS. "....LIKE AMERICAN TOURIST VICTORIA GIBBONS FROM CHICAGO.   "IT WAS ACTUALLY REALLY GOOD, REALLY CREAMY. IT STILL TASTED LIKE ICE CREAM. IT WASN'T LIKE THE SPREAD YOU PUT ON A SANDWICH, BUT IT WAS REALLY GOOD. I AM GLAD WE TRIED IT. IT WAS A GOOD  SURPRISE."BUT MAYONNAISE IN YOUR ICE CREAM ?  ONE LOCAL RESIDENT ISN'T SO SURE.... " OH, IT'S ROTTEN...SORRY. (SOMEONE ASKS "YOU DON'T LIKE IT?").  NO ! IT DOES JUST TASTE LIKE MAYO.   SO, IN YOUR HEAD...COLD ICE CREAM MAYO ISN'T FOR ME.THE CREATIVE CREAMS DON'T STOP AT MAYO. KYLE IS ALL ABOUT ARTISTIC UNIQUE FLAVORS, LIKE STRONGBOW CIDER AND  GREEN 'MONSTER' ENERGY DRINKS. NOTHING IS TOO CRAZY FOR KYLE. "EVERYONE'S ASKING THAT WE SHOULD DO A FULL RANGE. WE SHOULD DO BROWN SAUCE, WE SHOULD  DO KETCHUP, WE SHOULD DO A FRANK'S HOT SAUCE. SO, THERE'S LOTS OF IDEAS OUT THERE THAT WE  COULD DO.. YEAH."FLAVORS FOR ALL... 

CLOSEE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. 

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