AgDay Daily Recap - January 15, 2018

January 15, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JANUARY 15, 2018


HEADLINES
BIG CROPS GET BIGGER--USDA RELEASES IT'S FINAL YIELD DATA. IN AGRIBUSINESS...SO WHAT DO THE LATEST NUMBERS MEAN? "WE'VE GOT AMPLE SUPPLY OF CORN WE'VE GOT AMPLE SUPPLY OF BEANS AND AMPLE SUPPLY OF  WHEAT AND THE MARKETS ARE FEELING HEAVY IF YOU WILL.' MACHINERY PETE SAYS STRENGTH IS RETURNING TO THE EQUIPMENT MARKET. AND URBAN FARMS HELPING FEED NEW ORLEANS. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

USDA JANUARY REPORTS
GOOD MORNING I'M CLINTON GRIFFITHS.  WE START A NEW WEEK FOLLOWING THE FRIDAY RELEASE OF SEVERAL KEY  GRAIN REPORTS FROM THE AG DEPARTMENT...AND THE MARKET HAD A MOSTLY  MUTED RESPONSE. THE AG DEPARTMENT RELEASED ITS ANNUAL RECAP OF 2017 CROP PRODUCTION  FIGURES. USDA SAYS THE LACK OF EXTREME HEAT ACROSS THE CORN BELT THIS PAST  SUMMER HELPED BOOST THE NATION'S CORN YIELD INTO RECORD TERRITORY. THE YIELD ESTIMATE TIPS THE SCALE AT 176-POINT-SIX BUSHELS TO THE ACRE. THAT'S TWO BUSHELS HIGHER THAN 2016. THE CORN CROP COMES IN AT 14-POINT-SIX BILLION BUSHELS. THAT'S ACTUALLY  LOWER THAN 2016 DUE TO REDUCED ACREAGE. THE BLUE STATES ON THIS MAP INDICATE BIGGER STATE YIELDS THAN LAST  YEAR, INCLUDING ALL OF THE SOUTHEAST AND EASTERN SEABOARD. IN THE MIDWEST, ILLINOIS AND OHIO HIT NEW RECORD CORN YIELDS. BRIAN GRETE: "ON THE CORN SIDE OF THINGS THE SAME SITUATION THAT HAS BEEN THE CASE TOO MUCH SUPPLY. NOW  WE NEED TO FIND A PRICE THAT ENCOURAGES MORE DEMAND AND TO DO SO YOU PROBABLY HAVE TO  DROP LOWER AND WE SAW NEW CONTRACT LOWS HERE TO CLOSE OUT THE WEEK" AND USDA LOWERED SOYBEAN PRODUCTION IN THE ANNUAL SUMMARY, COMING  IN AT FOUR-POINT-THREE BILLION BUSHELS. THE AVERAGE SOY YIELD IS JUST  OVER 49 BUSHELS AN ACRE, NEARLY THREE BUSHELS BELOW 2016. DESPITE THE  CUT, USDA SAYS IT'S STILL A RECORD CROP DUE TO RECORD PLANTED ACREAGE. AS WE CAN SEE ALMOST EVERY STATE IN THE SOUTH HAD HIGHER SOY YIELDS,  IN MANY CASES THEY SET NEW RECORDS. BUT IN THE MIDWEST AND NORTHERN  PLAINS SOY YIELDS WERE LOWER. USDA ALSO RELEASING ITS GRAIN STOCKS REPORT SHOWING 12-AND-A-HALF  BILLION BUSHELS OF CORN IN STORAGE. THAT'S ONE PERCENT ABOVE YEAR-AGO  LEVELS. SOYBEANS TOTALLED THREE-POINT-ONE BILLION BUSHELS, UP NINE PERCENT  FROM 2016. AND ALL-WHEAT IN STORAGE HITS ONE-POINT-EIGHT BILLION BUSHELS. AND IT APPEARS A SMALL WHEAT CROP IS GETTING EVEN SMALLER. USDA SAYS PLANTED WINTER WHEAT ACRES HIT 32-POINT-SIX MILLION ACRES.   THAT'S A ONE PERCENT DROP FROM A YEAR AGO. THE AG DEPARTMENT SAYS IT'S THE SECOND LOWEST WHEAT ACREAGE ON  RECORD. HARD RED WINTER WHEAT TOTALS ABOUT 23 MILLION ACRES. "I THINK THE HARDEST HIT MARKET WAS WHEAT AND THAT MARKET WILL STRUGGLE NOW BECAUSE WINTER  WHEAT SITTINGS CAME IN BIGGER THAN ANTICIPATED AND MUCH BIGGER THAN ANTICIPATED IN MANY  CASES. AND AS A RESULT NOW THAT MARKET HAS LEFT LEFT WITHOUT MUCH SUPPORT MOVING FORWARD."FOR 2017, ALL COTTON PRODUCTION IS UP 24 PERCENT FROM 2016.  IT MEASURES 21-POINT-THREE MILLION BALES.   THE AVERAGE YIELD IS 899 POUNDS PER ACRE, 32 POUNDS ABOVE 2016. ACREAGE WAS ALSO UP. THE REPORT PUTTING THE BREAKS ON LAST WEEK'S PRICE RALLY THAT SAW  COTTON FUTURES CLIMB ABOVE THE 80 DOLLAR PER HUNDRED MARK.

MEXICO AND NAFTA
BE IT A THREAT, OR INTENTION, IF PRESIDENT DONALD TRUMP STARTS THE  WITHDRAWAL PROCESS FROM THE NORTH AMERICAN FREE TRADE AGREEMENT,  MEXICO SAYS IT WILL DROP THE TRADE PACT.  AN OFFICIAL FROM MEXICO SAID THIS WEEK THAT IF TRUMP ANNOUNCES A U.S.  WITHDRAWAL FROM NAFTA, "AT THAT MOMENT THE NEGOTIATIONS STOP."  IF TRUMP DECIDES TO LEAVE NAFTA, HE WOULD TRIGGER A SIX-MONTH PROCESS  TO WITHDRAW FROM THE AGREEMENT.  AG-CANADA REPORTING THAT MEXICO REMAINS FIRM ON ITS POSITION TO GET  UP AND LEAVE FROM THE NEGOTIATING TABLE IF TRUMP GOES THROUGH WITH  THE MOVE. 

AVIAN FLU
MEANWHILE, DIFFERENT STRAINS OF AVIAN INFLUENZA WERE FOUND OVER THE  HOLIDAY SEASON GLOBALLY, ACCORDING TO TWO GLOBAL HEALTH AGENCIES  THAT SAY THE NUMBER OF HUMAN INFECTIONS APPEARS TO HAVE DECREASED  OVER TIME.  MEATING-PLACE REPORTS THAT SINCE DECEMBER, THE H5N6 STRAIN OF AVIAN  INFLUENZA HAS BEEN REPORTED IN HONG KONG, THE NETHERLANDS, SOUTH  KOREA AND TAIWAN, IN ADDITION TO H5N8 OUTBREAKS IN ITALY AND RUSSIA.  THE WORLD ORGANIZATION FOR ANIMAL HEALTH SAYS MORE THAN 32 MILLION  BIRDS WERE LOST OR DESTROYED SINCE ITS LAST REPORT IN SEPTEMBER, AND REGIONAL OUTBREAKS INCLUDE COUNTRIES IN AFRICA, ASIA AND THE PACIFIC  AND EUROPE. 

CROP COMMENTS
DURING THE RECENT COLD SNAP, THE U-S WITHDREW A RECORD AMOUNT OF  NATURAL GAS FROM STORAGE AS PEOPLE CRANKED-UP THE HEAT. WE SAW LOW TEMPERATURE RECORDS GET SHATTERED, LIKE ICE, ACROSS THE  EASTERN HALF OF THE UNITED STATES. THE ENERGY INFORMATION ADMINISTRATION SAYS MORE NATURAL GAS WAS  WITHDRAWN FROM STORAGE FIELDS AROUND THE COUNTRY THAN AT ANY  OTHER POINT IN HISTORY.  NOT ONLY WAS DEMAND AFFECTED BY THE COLD, SO WAS SUPPLY. THE E-I-A  SAYS FREEZING TEMPERATURES LED TO FREEZE-OFFS IN THE APPALACHIAN AND  PERMIAN BASINS. FREEZE-OFFS OCCUR WHEN WATER VAPOR IN THE NATURAL  GAS STREAM FREEZES AND BLOCKS THE FLOW OF GAS. TURN FROM NEWS TO WEATHER, MIKE HOFFMAN JOINS US NOW WITH A LOOK AT  TODAY'S CROP COMMENTS. GOOD MORNING, CLINTON.  "HARVEST MAY BE OVER,  BUT BRAD SMITH OVER IN SELMA, ALABAMA SENDING US THIS PICTURE WHICH  INCLUDES COTTON DAMAGED AND UNDAMAGED ALL IN ONE PICTURE.  AGAIN, USDA SAYS COTTON ACREAGE AND PRODUCTION BOTH INCREASED FROM  2016.  TAKING A LOOK AT THE ESTIMATED RAIN FROM LAST WEEK YOU CAN SEE SPOTTY  AMOUNTS DECENT AMOUNTS SOUTHERN MISSISSIPPI VALLEY INTO THE NORTH  EAST ALSO SOME SPOTS OUT WEST BUT THE HEAVIER SPOTS ARE DEFINETLY  THROUGHOUT LOUISIANA ALABAMA INTO MOST OF MISSISSIPPI AND PARTS OF  ARKANSAS SOME OF THAT AREA IS UNDER A DROUGHT THATS SOME GOOD NEWS  WE'LL HAVE DETAILS ON YOUR FORECAST FOR THE COMING WEEK AND THE NEXT  30 DAYS COMING UP FIRST HERE ARE SOME HOMETOWN TEMPS ONE DREAM. TWO PRIZES. THREE FIELDS.  SHOW US YOUR FARM AND YOU COULD WIN A $10,000  DONATION FOR YOUR COMMUNITY, PLUS A DREAM SPORTS TRIP FOR YOU.  TO ENTER, VISIT  POWERTODOMORE-DOT-COM.  SPONSORED BY RESICORE HERBICIDE.

AEM FLASH REPORT
DECEMBER TRACTOR SALES SEEING STRENGTH, AND MACHINERY PETE SAYS IT  WAS A SURPRISINGLY STRONG FINISH TO 2017 WHEN IT COMES TO BOTH  EQUIPMENT PURCHASES AND VALUES.  ACCORDING TO THE ASSOCIATION OF EQUIPMENT MANUFACTURERS, TRACTOR 

SALES DURING THE MONTH OF DECEMBER WERE UP 18 PERCENT COMPARED TO  THE SAME TIME LAST YEAR. AND FOR THE YEAR, TRACTOR SALES WERE UP 5 PERCENT OVER 2016.  A-E-M SAYS SMALLER TRACTORS THAT RANGED FROM UNDER 40 HORSEPOWER  CONTINUED TO BE THE BRIGHT SPOT IN EQUIPMENT SALES.  BUT LARGER TRACTORS AND COMBINES SAW AN UPTICK DURING THE SECOND  HALF OF 2017.  MACHINERY PETE SAYS SEARCH TRAFFIC ON MACHINERY PETE DOT COM AND  STRONG AUCTION PRICES CREATED A STRONG FINISH TO THE YEAR.  MACHINERY PETE; "SO WE MENTIONED STRONG AUCTION PRICING NOVEMBER AND DECEMBER, AND THAT'S EXACTLY WHAT  WE SAW WITH SEARCH TRAFFIC. AND SO WITH LARGE HORSEPOWER TRACTORS OVER 200 HORSE, FOR HTE MONTH OF DECEMBER WE WERE UP 67 PERCENT IN TRAFFIC TO THIS CATEGORY. AND PLANTERS WERE UP  125 PERCENT IN DECEMBER. SO, A LOT OF PEOPLE OUT THERE LOOKING. I THINK THEY'RE LOOKING FOR  QUALITY.MACHINERY PETE SAYS IT'S THE QUEST FOR BETTER TECHNOLOGY HELPING  DRIVE THE INTEREST IN NEWER PLANTERS.

TEASE
WE'LL TAKE A DEEPER LOOK AT THE LATEST USDA REPORTS AND WHAT IT MEANS GOING FORWARD...NEXT FROM THE AGRIBUSINESS DESK. PLUS MACHINERY PETE RETURNS. STAY TUNED FOLKS. COMING UP WE'RE GOING TO TALK ABOUT A RED HOT PRICE ON AN AUCTION IN  INDIANA LAST WEEK. AND WE'LL VISIT URBAN GARDENS HELPING FEED NEW ORLEANS TODAY ON IN  THE COUNTRY. AGDAY - BROUGHT TO YOU BY ILEVO SEED TREATMENT FROM BAYER. PROTECT YOUR SOYBEANS FROM  SDS AND NEMATODES THIS SEASON.

FLOOR OF THE CME
MARKETS REACTING TO FRIDAY'S REPORTS. LETS GET THE CLOSE FROM THE FLOOR OF THE CME IN CHICAGO. SOYBEANS ARE OFF THE USDA REPORTS THAT COME OUT AND THEY TOLD US THERE'S A SMALLER THAN  EXPECTED 2017 CROP AND SO THAT REALLY GAVE THE MARKET A LITTLE BIT OF BOOST. BIG SUPPLIES STILL  LOOM AND THEY'RE WEIGHING ON THE FUTURES AND I THINK IT'S KEEPING A LID ON ANY SIGNIFICANT RALLY  EVEN THOUGH WE'VE HAD KIND OF A BIG BREAK OF THE U.S. DOLLAR INDEX AND THAT GAVE THE  SOYBEANS A LITTLE BIT MORE OF A BOOST TO KIND OF PUSH IT HIGHER. BUT I THINK THAT MAYBE OUR RALLY  COULD BE LIMITED BECAUSE OF THE SIZE OF THE STOCKS THAT ARE OUT THERE. CORN ON THE OTHER HAND  SLIPPED A LITTLE BIT. THE FINAL CROP NUMBERS WERE BETTER THAN EXPECTED. SO THAT'S KIND OF THE  OPPOSITE. YOU GOT DOWN THERE. THERE HAS BEEN SOME MINOR BUYING THAT KIND OF LIKE HELPED TO  STOP THE BEARISH SENTIMENT OF THE MARKET MOVING LOWER. NOW THERE WAS A RELATIVELY NEUTRAL  REPORT ON THE ON THE WHEAT MARKET AND IT KIND OF STIRRED SOME SELLING. THE MARKET HAD RALLIED  SO MUCH THAT IT WAS VULNERABLE TO A CORRECTION. AND WITH THE PLANTING'S BEING UP FOR 2018  THERE WAS NOTHING ELSE TO REALLY HOLD THE MARKET UP OR ANY BUYERS TO KIND OF KEEP SUPPORT.  SO THE MARKET DID HAVE SOME DOUBLE DIGIT LOSSES. THAT'S ALL FROM THE FLOOR AT THE CME GROUP  HERE IN CHICAGO. I'M VIRGINIA MAGATHEY.

AGRIBUSINESS
HERE AT THE AGRIBUSINESS DESK WE HAVE BRIAN BASTING WITH ADVANCED TRADING AND KEVIN  DULING KD INVESTORS. ALL RIGHT GENTLEMEN SO THE REPORT CAME OUT LAST WEEK SOME INTERESTING  PARTS OF THE REPORT. AND BRIAN I'LL START WITH YOU. WHAT'S YOUR TAKE AWAY FROM THE NUMBERS THAT  WE SAW FROM USDA NUMBERS. CLINTON THEY'RE TELLING US WE'VE GOT AMPLE SUPPLY. AND WHILE  THAT SOUNDS SIMPLISTIC I THINK IT REALLY UNDERSCORED WHAT WE KNOW AS WE GOT AMPLE SUPPLY OF  CORN WE HAD AMPLE SUPPLY OF BEANS AND AMPLE SUPPLY OF WHEAT AND THE MARKETS ARE FEELING  HEAVY IF YOU WILL GOING FORWARD. SO I THINK THE BIGGEST THING SHORT TERM WE CAN LOOK FORWARD TO  NOW IS SOUTHAMERICAN WEATHER. BUT IN TERMS OF WHAT THOSE REPORTS CONFIRM IS THAT WE HAVE  AMPLE SUPPLIES BOTH DOMESTICALLY AND WORLDWIDE OF OUR CROPS RIGHT NOW. OKAY. AND KEVIN  YOUR READ ON THESE NUMBERS AND SPECIFICALLY I GUESS THE WINTER WHEAT PLANTINGS NUMBER  CONTINUES TO TREND LOWER IS THAT WHAT YOU EXPECTED. IT IS IT WAS A LITTLE HIGHER THAN I EXPECTED  BUT JUST FROM TALKING TO THEM. BUT IT'S IT'S AGAIN YOU'RE TALKING RECORD LOW NUMBERS ARE RECORD  LOW NUMBERS SO IT'S AT THE MINIMUM AMOUNT YOU'RE NOT GOING TO SEE THEM DROP MUCH MORE  REGARDLESS OF WHAT THE PRICES. OKAY THAT ONE I THINK WAS IN THE MARKET OBVIOUSLY BY THE  REACTION ON FRIDAY AND THEN SO GOING FORWARD IT'S YOU KNOW WHAT DO WE DO WITH THOSE  NUMBERS WHICH ONES WE PAY ATTENTION TO WHICH ONES DO WE NOT PAY ATTENTION TO SO MUCH  FROM THE HISTORICAL STANDARD. AND YOU KNOW IT'S SO GOING FORWARD IT'S BACK TO EXPORTS. LET'S  WATCH AND SEE WHAT WE CAN SELL AND THAT'S WHAT DRIVES US. YEAH AND THE EXPORT NUMBERS  KIND OF PLAYING INTO OUR CARRY OVER NUMBERS AND SOME OF OUR STOCKS THERE. BRIAN. ANY CHANCE  WE CAN FIRE THOSE UP AS WE TRAVEL INTO 2018. THE BIGGEST THING THAT WOULD CHANGE THAT  ENVIRONMENT CLINTON WOULD BE A PROBLEM IN SOUTH AMERICA TODAY. HOWEVER WE YOU KNOW  WE'RE LOOKING AT VERY STRONG COMPETITION BEING MARKET IN THE WAY THAT THE FIRST HALF OF THE  CRAPPIER IS GONE. EVEN THOUGH THE USDA LOWERED THEIR EXPORT NUMBER IN THIS REPORT THAT  NUMBER STILL MAYBE A BIT TOO HIGH BUT THINGS THAT WOULD CHANGE THAT ARE FIRED UP WOULD BE  DEFINITELY ANY PROBLEMS WITH INTO THE GROWING SEASON FOR SEASON CORN AND SOUTH AMERICA OR  THE DOUBLE CROP CORN IN BRAZIL DOUBLE CROP CORN IN BRAZIL WILL BE PLANTED UNTIL THE END OF  FEBRUARY OR IN MARCH. SO THERE'S STILL SOME PROCESS STILL SOME TIME THERE. OKAY. AND AS WE  LOOK AT THIS GLOBAL ECONOMY YOU KNOW WE CAME OUT FROM THE WORLD BANK SAID YOU KNOW THIS  IS ONE OF THE BEST GLOBAL ECONOMIES THAT WE'VE SEEN IN A DECADE. ANY CHANCE THAT HELPS  SOME OF THIS AG EXPORT PICTURE. I DON'T KNOW IF THAT WILL HELP THE EXPORT PICTURE. I MEAN THE  FOOD DEMANDS PRETTY YOU KNOW. I MEAN IT'S IT'S STEADY IT'S A STEADY GROWING YEAR IN YEAR OUT.  WHAT MIGHT HELP IS THE THE FUND POSITION IS SO SHORT GRAIN WE COULD SEE NO MOVEMENT OUT OF  THAT POSITION TO FOLLOW CRUDE OIL FOLLOW GOLD YOU KNOW AND START YOU KNOW GRAINS OR THE CHEAP  ONE IN THE GROUP AS FAR AS COMMODITIES GO. SO. I GUESS PAY ATTENTION TO THE FUNNY MONEY. ALL  RIGHT. WE'LL KEEP AN EYE ON IT. THANK YOU BOTH FOR BEING HERE AND STARTED THE WEEK OFF WE'LL  BE BACK WITH MORE IN JUST A MINUTE.  AGDAY - BROUGHT TO YOU BY INSTINCT AND N-SERVE NITROGEN STABILIZERS - THEY DON'T JUST  STABILIZE NITROGEN, THEY MAXIMIZE IT - SO CROPS DELIVER THE MAX IN RETURN.  LEARN MORE AT  MAXINMAXOUT.COM.

WEATHER
WELCOME BACK TO AGDAY HERE ON A MONDAY MORNING WITH METEOROLOGIST MIKE HOFFMAN WHO  HAS A LOOK AT THE JET STREAM TO PLAN OUR WEEK AHEAD. WHAT DO WE THINK. WE'RE SEEING THE  COLD AIR COMING BACK TO THE EAST. OBVIOUSLY IT'S ALREADY DONE THAT AND IT HAS WARMED UP  AGAIN OUT WEST. AND THAT'S BECAUSE A WEEK AGO WE WERE SHOWING YOU A JET STREAM WITH MORE  OF A ZONE OF FLOW WEST TO EAST BRINGING IN PACIFIC AIR FOR MOST OF THE LOWER 48. WELL THAT'S  CHANGED AGAIN. WE HAVE THE BIG RIDGE OUT WEST ALL THE WAY INTO WESTERN CANADA COMING  RIGHT OFF THE ARCTIC CIRCLE INTO THE NORTHERN PLAINS AND MOST OF THE EAST AS YOU CAN SEE. THIS  ISN'T GOING TO LAST REAL LONG BUT IT'S GOING TO LAST A GOOD CHUNK OF THE WEEK. THERE'S  WEDNESDAY STILL THE COLD AIR POURING INTO THE GREAT LAKES AND THE MID-ATLANTIC ALL THE WAY  DOWN INTO FLORIDA. BUT WE START TO SEE THE PACIFIC AIR COMING BACK IN OUT WEST WE ALSO SEE  SOME STORM SYSTEMS COMING INTO THE WESTERN PORTIONS OF THE COUNTRY WHICH WILL INCREASE  YOUR MOISTURE ONCE AGAIN WHICH IS GOOD NEWS OVERALL BUT OBVIOUSLY LIKE THE LAST TIME THIS  HAPPENED WE SAW THE MUDSLIDES IN SOUTHERN CALIFORNIA. HOPEFULLY THAT DOESN'T HAPPEN THIS  TIME AROUND. LATER IN THE WEEK AND WE GO BACK TO ZONAL AGAIN. IT WILL STILL KIND OF BE BELOW  NORMAL FOR THE GREAT LAKES IN THE NORTHEAST BY THE END OF THE WEEK BUT IT'LL BE GETTING BACK  UP THERE AGAIN. AND AS WE GO A LITTLE FARTHER YOU'LL NOTICE WELL GUESS WHAT. THERE AGAIN IT  ALMOST LOOKS LIKE WHAT I'M SHOWING YOU RIGHT NOW. ONE WEEK FROM TODAY ACTUALLY EIGHT DAYS  AWAY. WE BACK. WE HAVE THE BIG TROUGH COMING BACK IN FROM THE MODELS AGAIN. AND THE BIG  RIDGE OUT WEST SO THAT'S THE PATTERN FOR NOW WE'RE GOING TO SEE THESE SHOTS OF COLD AIR  DOMINATING MOST OF THE TIME EAST OF THE ROCKIES BUT THERE WILL BE TIMES WHERE IT WARMS UP.  SO TEMPERATURES THIS WEEK WILL GO BELOW NORMAL MOST OF THE PLAINS STATES ALL THE WAY  THROUGH THE EAST COAST EXCEPT FOR THE NORTHEAST IN FACT PARTS OF MAINE ABOVE NORMAL ON INTO  EASTERN CANADA. BUT NORMAL TEMPERATURES FOR THE WESTERN END OF TEXAS AND MOST OF THE  AREAS WEST OF THE CONTINENTAL DIVIDE NEAR NORMAL ELSEWHERE AS FAR AS PRECIPITATION FOR THE  COMING WEEK MAINLY BELOW NORMAL RIGHT THROUGH THE MIDDLE OF THE COUNTRY. BUT THERE IS GOING  TO BE A LITTLE SYSTEM WILL KEEP IT NEAR NORMAL RIGHT THERE FOR THE CENTRAL PLAINS. NOT A LOT OF  MOISTURE THERE BUT BELOW NORMAL NORTHERN PLAINS AND WEST TEXAS INTO SOUTHERN NEW MEXICO  ABOVE NORMAL OUT WEST AND ABOVE NORMAL FROM NORTHERN ALABAMA ALL THE WAY UP THROUGH  NEW ENGLAND AS FAR AS A 30 DAY OUTLOOK FOR TEMPERATURES IS CONCERNED STILL MAINLY BELOW  NORMAL FOR THE EASTERN HALF OF THE COUNTRY ABOVE NORMAL FOR THE FOUR CORNERS REGION BACK INTO  CALIFORNIA AND 30 TO OUTLOOK FOR PRECIPITATION BELOW NORMAL SOUTH FLORIDA SOUTH TEXAS BACK  THROUGH THE SOUTHWEST ABOVE NORMAL FOR THE NORTHERN ROCKIES NORTHWEST AND ALSO  TENNESSEE OHIO VALLEY AND THE GREAT LAKES. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE  A LOOK AT SOME LOCAL FORECAST. WE HAD TO FARMINGTON NEW MEXICO FIRST OF ALL LOTS OF SUNSHINE  IN CHILLY HIGH OF 48 DEGREES IRONWOOD MICHIGAN VERY COLD WITH A LITTLE BIT OF SNOW. HIGH  TEMPERATURE OF JUST 9. AND FINALLY CHARLOTTE NORTH CAROLINA A GOOD DEAL OF SUNSHINE AND ON  THE CHILLY SIDE HIGH 43. 

TEASE
WHEN WE COME BACK MORE EVIDENCE OF STRENGTH IN THE EQUIPMENT  MARKET FROM MACHINERY PETE TV. AND LATER, THE UNIQUE CUISINE OF NEW ORLEANS IS BEING FED FROM URBAN  GARDENS.  DETAILS ON IN THE COUNTRY.

MACHINERY PETE
"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 CONTINUES TO SEE STRENGTH IN THE AG EQUIPMENT MARKET.  AND HE HAS AN EXAMPLE FROM HIS HOME OFFICE IN MINNESOTA. WELL QUITE A SALE LAST WEDNESDAY FOLKS IN VAN BUREN INDIANA. MY FRIENDS AT SULLIVAN  AUCTIONEERS FARM RETIREMENT SALE FOR BLACK CREEK FARMS THIS 1999. JOHN DEERE 8400 TRACTOR.  TWENTY FIVE HUNDRED THIRTY SIX HOURS ON IT TOLL FOR 100000 BUCKS. NOW FOLKS THAT'S THE HIGHEST  AUCTION PRICE ON AN 8400 I'VE SEEN IN ALMOST SIX YEARS. AND IN FACT IT'S THE THIRD HIGHEST  AUCTION PRICE EVER IN THE U.S. ON 8400. NOW I POSTED A YOUTUBE VIDEO OF THIS TRACTOR SELLING  LAST WEDNESDAY NIGHT. MY FRIEND ROGER EIRIK WAS THERE AND SHOT VIDEO. AND YOU CAN IMAGINE  IT WAS A LOT OF COMMENTARY ON THE VIDEO. ONE IN PARTICULAR SOMEONE SAID WHAT IN THE WORLD.  WHY ARE PEOPLE PAYING THAT MUCH MONEY FOR A TRACTOR ALMOST 20 YEARS OLD. AND I TOTALLY GET  IT. WE GET THIS REACTION EVERY TIME WE SEE A TRACTOR LIKE THIS. NOW WHAT WE NEED TO DO TO  UNDERSTAND THIS IS PULL BACK AND SINCE THE FIRST WEEK OF NOVEMBER WHAT WE'VE SEEN ALL  ACROSS THE COUNTRY. VERY GOOD CONDITION LOW OUR TRACTORS HIGH HORSE HORSEPOWER THE AUCTION  PRICES HAVE BEEN UP EVEN ON THE 1 2 3 5 YEAR OLD MODELS. BUT IN PARTICULAR ON THESE OLDER  MODELS LIKE THIS 8400 ALMOST 20 YEARS OLD WHEN YOU SEE THEM WITH LONG HOURS LIKE THIS FIRST  OR SECOND OWNER WHAT THAT PLAYS INTO IS THE FACT THAT THEY'RE SIMPLER PEOPLE HAVE A POSITIVE  HISTORY WITH THEM. THEY'RE HARD TO FIND WITH THESE LOW HOURS. AND YOU CAN SEE THE BUYING  INTEREST IT'S EVIDENT A 100000 BUCKS ON THAT EIGHTY FOUR HUNDRED LAST WEDNESDAY. 

TEASE
UP NEXT WE'RE HEADED FOR NEW ORLEANS WHERE URBAN GARDENS ARE  HELPING FEED VISITORS TO THE UNIQUE AMERICAN CITY.

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA.  TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE.  VISIT KUBOTA.COM TODAY. MANY CITIES ARE SEEING OPEN SPACES TURN INTO URBAN FARMS.  IN NEW ORLEANS, A CITY KNOWN FOR ITS FOOD, URBAN GARDENS ARE  PROVIDING SOME INGREDIENTS FOR SPECIAL PALATES.  LSU AGCENTER'S CRAIG GAUTREAUX HAS THE STORY. URBAN FARMS ARE NOW FILLING AREAS THAT WERE ONCE UNUSED GREEN SPACES. THESE GARDENS  ARE SERVING AS A CONNECTION WITHIN COMMUNITIES, AND IN MANY WAYS, GETTING BACK TO THE ROOTS  OF HOW WE PRODUCED FOOD. CARL MOTSENBOCKER:  WE'RE GETTING BACK TO THE WAY WE USED TO GROW FOOD IN BACKYARD  GARDENS, STREET CORNER LOTS. SO WE'RE GETTING BACK TO MARKET GARDENING, COMMUNITY GARDENS  AND VARIOUS ASPECTS OF COMMERCIAL AGRICULTURE IN THE CITY. WHILE BEING A SOCIAL AND ENVIRONMENTAL COMPONENT FOR THEIR COMMUNITIES, THE GARDENS CAN  BE AN ECONOMIC BOOST AS WELL. MOTSENBOCKER: THE MONEY THAT'S GENERATED HERE, IT STAYS IN THE COMMUNITY. WE'RE SUPPORTING LOCAL BUSINESSES. THESE FARMERS ARE BUSINESS PEOPLE, SO WE'RE SUPPORTING LOCAL  BUSINESSES, FARM FAMILIES AND THE FABRIC OF OUR CITIES. A COMMON THEME AMONG THE FOUR URBAN FARMS VISITED WAS GETTING CHILDREN IN THE COMMUNITY  INVOLVED IN GARDENING. MANY PARTICIPANTS MENTIONED THAT THE GARDENS CAN SERVE AS A  TEACHING TOOL. APRILLE KENT:  GARDENING IS SUCH A GOOD WAY TO INCORPORATE SO MANY TYPES OF LEARNING:  BIOLOGY, MATH, REALLY ANY OF THE SCIENCES, EVEN ENGLISH. ELLIOT ROBINSON IS THE GARDEN MANAGER FOR PRESS STREET GARDENS. THE GARDEN SERVES AS A  SCHOOL GARDEN FOR THE NEARBY NEW ORLEANS CENTER FOR THE CREATIVE ARTS, AND HE SAW THE  NEED TO BE A STOP ON THE URBAN GARDEN TOUR. ELLIOT ROBINSON: I THINK IT IS REALLY CRITICAL TO NETWORK WITH FARMERS, EDUCATORS AND INSTITUTIONS THAT PROMOTE AGRICULTURE IN LOUISIANA. A KEY COMPONENT HEARD THROUGHOUT THE TOUR WAS MEMBERS OF THE COMMUNITY MUST BE  INVOLVED FOR THE GARDENS TO BE SUCCESSFUL. WITH THE LSU AGCENTER, THIS IS CRAIG GAUTREAUX REPORTING.

CLOSE
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. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS.

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