AgDay Daily Recap - July 18, 2018

July 18, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 18, 2018

HEADLINES

“LET’S WORK WITH CHINA ON INTELLECTUAL PROPERTY RIGHTS”THE U.S. ECONOMY CONTINUES TO CHURN... BUT FOR FARMERS ... "WE ARE AT THE POINT WHERE SOMETHING HAS TO GIVE."  IN AGRIBUSINESS...THE SOYBEAN SELL OFF. AND SUMMERTIME SAFETY FOR KIDS ON THE MOVE. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

FEDERAL RESERVE: POSITIVE ECONOMY
GOOD MORNING I'M CLINTON GRIFFITHS. DESPITE TURMOIL IN GLOBAL TRADE  AND IN THE GRAIN MARKETS, THE HEAD OF THE FEDERAL RESERVE SAYS THE  OVERALL PICTURE OF THE ECONOMY IS POSITIVE. FEDERAL RESERVE CHAIRMAN JEROME POWELL IS GIVING CONGRESS AN  UPBEAT ASSESSMENT OF THE ECONOMY AND EXPECTS TO KEEP RAISING INTEREST RATES GRADUALLY. IN HIS SEMI-ANNUAL TESTIMONY TO CONGRESS, POWELL SAYS SOLID JOB GAINS  AND STRONG ECONOMIC GROWTH HAS ENABLED THE FED TO DIAL BACK THE  "EXTRA BOOST" IT IMPLEMENTED DURING THE FINANCIAL CRISIS AND RECESSION DURING THE OBAMA ADMINISTRATION. STILL, POWELL SAYS THERE ARE SOME 'UNKNOWNS" STEMMING FROM TRADE TARIFFS. "IT IS DIFFICULT TO PREDICT THE ULTIMATE OUTCOME OF CURRENT DISCUSSIONS OVER TRADE POLICY, AS WELL AS THE SIZE AND TIMING OF THE ECONOMIC EFFECTS OF THE RECENT CHANGES IN FISCAL POLICY. OVERALL,  WE SEE THE RISK OF THE ECONOMY UNEXPECTEDLY WEAKENING AS ROUGHLY BALANCED WITH THE POSSIBILITY OF THE ECONOMY GROWING FASTER THAN WE CURRENTLY ANTICIPATE."> POWELL SAYS THAT THE FED'S PROCESS FOR SLOWLY RAISING INTEREST RATES  HAS BEEN "RUNNING SMOOTHLY." HE SAYS THE FED EXPECTS THE JOB MARKET  TO REMAIN STRONG AND INFLATION TO STAY NEAR 2 PERCENT OVER THE NEXT  SEVERAL YEARS. FOR FARMERS, HIGHER INTEREST RATES MEANS A HIGHER COST FOR WORKING  CAPITAL...INCLUDING AN INCREASE IN COLLATERAL. "THERE IS A DEMAND FOR MORE COLLATERAL BECAUSE OF WHERE OUR PRICES ARE AND  WORKING CAPITAL IS AN ISSUE. ARE BOTH OF THOSE BIG THINGS AND HOW DO WE SOLVE THAT? 8:36 IT'S  REALLY HARD TO SOLVE COLLATERAL BECAUSE YOU CAN ONLY USE THE COLLATERAL YOU HAVE AND SOME PEOPLE HAVE EXHAUSTED WORKING CAPITAL WHICH THEY WENT THROUGH IT ALL OR BURNED IT OUT. FOR  COLLATERAL, IT'S THE SAME THING. YOU GET TO WHERE BANKERS ARE EXTENDING WITH LOAN TO VALUE AT  75 PERCENT. OK, WELL, WE MAY GO UP TO 80 AND IT GETS TO THE POINT WHERE THE BOARD OF DIRECTORS COME IN AND SAY, 'ENOUGH IS ENOUGH.' UNFORTUNATELY, I'M STARTING TO SEE THAT IN A LOT  OF AREAS. WE ARE AT THE POINT WHERE SOMETHING HAS TO GIVE." ARRINGTON SAYING SHE'S SEEING SOME RECOVERY BUT NOT EVERYWHERE. MOST OF IT HAS BEEN IN THE SOUTHEAST DUE TO LAST YEAR'S  EXCELLENT  PEANUT CROP AND HIGHER COTTON PRICES.  UNION PACIFIC RAIL CEO LANCE FRITZ SAYS TRADE DISRUPTIONS ARE  THREATENING TO UNDERMINE AN OTHERWISE ROBUST ECONOMY.  THE RAIL COMPANY, TELLING THE OMAHA WORLD-HERALD THAT THE CURRENT  TRADE DISRUPTION - SPECIFICALLY, NAFTA NEGOTIATIONS ARE HARMING U.S. RAILWAYS.  ABOUT 40 PERCENT OF UNION PACIFIC TRAFFIC ORIGINATES OR ENDS OUTSIDE  THE U-S. THE RAILROAD HANDLES 70 PERCENT OF THE BUSINESS GOING IN AND OUT OF  MEXICO. ON THE OVERALL ECONOMY, FRITZ SAYS RECENT TRADE POLICIES ARE  "CREATING UNCERTAINTY THAT'S GOING TO CAUSE CAPITAL INVESTMENT TO  SLOW DOWN." JAPAN AND THE EUROPEAN UNION SIGNING A TRADE AGREEMENT TUESDAY THAT LOWERS BARRIERS ON SHIPMENTS OF GOODS AND SERVICES BETWEEN THE  TWO ECONOMIES. THE TRADE PACT REMOVES MANY REGULATORY OBSTACLES BETWEEN THE EU  AND JAPAN, HELPING JAPANESE CAR EXPORTS AND MAKING IT EASIER FOR  EUROPEAN FARMERS TO SELL THEIR PRODUCE IN THE ASIAN NATION. THE DEAL HAS BEEN UNDER NEGOTIATION SINCE 2013. " TOGETHER WE ARE MAKING, BY SIGNING THIS AGREEMENT, A STATEMENT ABOUT THE FUTURE OF FREE  AND FAIR TRADE. WE ARE SHOWING THAT WE ARE STRONGER AND BETTER OFF WHEN WE WORK TOGETHER."THE EUROPEAN COMMISSION SAYS EXPORTERS WILL SEE MOST OF THE JAPANESE DUTIES REMOVED, BENEFITING PRODUCERS OF CHEESE, WINE, BEEF  AND PORK. 

IOWA CONGRESSIONAL DELEGATION MEETING WITH EPA
IN WASHINGTON, IOWA'S CONGRESSIONAL DELEGATION HOPING TO START FRESH  WITH THE CURRENT ACTING ADMINISTRATOR OF THE E-P-A. THE LEGISLATIVE TEAM INVITING ADMINISTRATOR ANDREW WHEELER TO IOWA TO  MEET THOSE IMPACTED BY THE RENEWABLE FUEL STANDARD. IN A LETTER TO WHEELER THE DELEGATION EXPRESSING CONCERN REGARDING  THE NUMBER OF SMALL REFINERY HARDSHIP WAIVERS--AND ASKING THAT THOSE LOST OR WAIVED RFS OBLIGATIONS BE ACCOUNTED FOR. THE NOTE SAYING 2 POINT 25 BILLION GALLONS OF DEMAND WERE DESTROYED BETWEEN 2016 AND 2017. THE EPA JUST RECENTLY RELEASING A PROPOSED 2019 RULE THAT DOES NOT MOVE THE LOST GALLONS FORWARD--THEY'D LIKE THAT TO BE RECONSIDERED. AND AS TODD GLEASON WITH THE UNIVERSITY OF ILLINOIS REPORTS, THAT BIOFUELS PROPOSAL MAY GIVE THE AGENCY AUTHORITY CONGRESS DID NOT INTEND.  THE PROPOSED RULEMAKING ASSERTS EPA'S RIGHT TO EXTEND SMALL REFINERY WAIVERS WITHOUT  REALLOCATING THE CONGRESSIONALLY MANDATED GALLONS. IN THIS CASE THAT WOULD BE CORN-BASED ETHANOL BLENDED INTO THE NATION'S REGULAR GASOLINE SUPPLY AT THE RATE OF NO MORE THAN 15  BILLION GALLONS ANNUALLY SAYS UNIVERSITY OF ILLINOIS AGRICULTURAL ECONOMIST SCOTT IRWIN. IT SEEMS LIKE THAT COULD BE CHALLENGED IN COURT. IT IS EASY TO ESTABLISH THAT  THIS WAS THE MOST IMPORTANT POLICY DECISION EPA HAD TO MAKE FOR THIS RULEMAKING AND IT SAID "NO WAY, NO HOW ARE WE GOING TO LISTEN TO ANYBODY" AND THEY ARE JUST GOING TO CHARGE AHEAD.  IM NOT SURE THAT THEY WILL BE ABLE TO MAKE THAT HOLD. EPA BELIEVES IT HAS THE RIGHT TO GRANT SMALL REFINERY WAIVERS WITHOUT REALLOCATING THOSE  GALLONS. IT HAS ALREADY GRANTED SOME 1.5 BILLION GALLONS WORTH OF ETHANOL WAIVERS. IN THIS WAY,  IT IS CAPABLE OF CREATING RULES THAT MEET THE LEGAL REQUIREMENTS OF THE RFS, BUT THEN ALLOW IT  NOT TO BE MET VIA A LOOPHOLE. WHETHER THE LOOPHOLE REMAINS OPEN IS A POLITICAL AND LEGAL QUESTION WITH BIG RAMIFICATIONS. THAT IS AN INTERESTING QUESTION. IF THE ZERO REALLOCATION HOLDS, THEN THIS WILL BE A MAJOR DEFEAT FOR THE AG INTEREST AND (R) IA - SENATOR CHARLES GRASSLEY. THIS IS BECAUSE WE WILL HAVE GONE TO A SITUATION WHERE THE SMALL REFINERY EXEMPTIONS FUNCTION EFFECTIVELY AS A FORM OF GENERAL WAIVER AUTHORITY FOR THE EPA TO ROLL BACK THE MANDATES.  CLEARLY, IRWIN GOES ON TO SAY, CONGRESS DID NOT EXPLICITLY GIVE THAT AUTHORITY TO THE EPA. HIS  VIEW IS THAT IT WILL BE CHALLENGED IN COURT IF NECESSARY AND THROWN OUT. "> 

KANSAS CRP ACRES
KANSAS FARMERS ARE ALLOWED TO CUT  HAY AND GRAZE ON C-R-P ACRES IN RESPONSE TO DROUGHT CONDITIONS. THE  KANSAS FARM SERVICE AGENCY JUST ANNOUNCING THAT 43 OF 105 KANSAS  COUNTIES ARE AUTHORIZED FOR EMERGENCY USE OF THE LAND. GRAZING RUNS THROUGH SEPTEMBER. BUT HAYING WILL ONLY LAST UNTIL MID- AUGUST. THIS EMERGENCY USE DOES NOT INCLUDE CP-25 ACRES.. FSA SAYS FARMERS WILL NOT SEE A RENTAL PAYMENT REDUCTION FOR USING  THE LAND. 

CROP COMMENTS
MIKE HOFFMAN JOINS US WITH A LOOK AT COTTON COUNTRY AND TODAY'S CROP  COMMENTS. GOOD MORNING, CLINTON.  THE CROP COMMENT TODAY COMES FROM ALYSSEKAUK IN LEEDEY, OKLAHOMA.  ALYSSE SAYS COTTON IS LOOKING GOOD SO FAR IN THE AREA. HOWEVER, THAT'S NOT THE CASE EVERYWHERE.  USDA SAYS ONLY 16 PERCENT OF THE STATE'S COTTON CROP IS RATED GOOD TO EXCELLENT. OUT OF THE TOP 15 COTTON PRODUCING STATES, ONLY 41 PERCENT IS RATED  GOOD TO EXCELLENT.  AND TAKING A LOOK AT THE WINDSPEED FORECAST YOU CAN SEE A LITTLE BIT OF WIND CENTRAL PLAINS AS  WE START THE DAY TODAY. OVERALL THOUGH NOT A VERY WINDY 36 HOURS. COMING UP A LITTLE BIT MORE  WIND IN THE NORTHERN ROCKIES AS WE HEAD THROUGH THIS AFTERNOON. AND YOU CAN SEE HEADING INTO THE DAY TOMORROW VERY LITTLE IN THE WAY OF WIND TO START THE DAY HEADING THROUGH THE DAY  THEN A LITTLE BIT WINDY WITH THAT SYSTEM MOVING THROUGH THE NORTHERN PLAINS AND BACK INTO  WYOMING. WE'LL TALK MORE ABOUT YOUR FORECAST COMING UP BUT FIRST HERE SOME HOMETOWN.  TEMPS. 

TEASE
WHEN WE COME BACK, WE'LL LOOK AT RECENT SOYBEAN MARKET TRENDS WITH  STEVE GEORGIE OF ALLENDALE AT THE AGRIBUSINESS DESK. AND IF YOUR KIDS LOVE SPENDING TIME OUTDOORS, WE HAVE SOME SAFETY  TIPS FOR KIDS ROLLING THROUGH SUMMER. 

FLOOR OF THE CME
IN AGRIBUSINESS GRAINS GO GREEN, LIVESTOCK DIP RED--LETS FIND OUT WHY  FROM OUR FRIENDS ON THE FLOOR. CORN UP SIX AND A HALF CENTS OR SO HERE TODAY BEANE'S UP 10 11 CENTS. WHEAT OF 14 OR 15  CENTS. SO REALLY SOME STRENGTH ACROSS BOARD GREEN ON THE BOARD. IT'S NOT SOMETHING WE SEE  VERY OFTEN HERE RECENTLY IN THE GRAINS BUT YOU KNOW WE HAD CROP CONDITIONS YESTERDAY AND CONDITIONS DECLINED A BIT MORE THAN WHAT WE WERE EXPECTING IN CORN AND SOYBEANS. THAT IS  ADDING SOME SUPPORT TO THE MARKET AND WITH CONDITIONS COMING DOWN THAT'S MAKING SOME OF  THE BEARS QUESTION THEMSELVES A LITTLE BIT. SO WE ARE GETTING A BIT OF A CORRECTIVE BOUNCE FROM  A TECHNICAL PERSPECTIVE. YOU KNOW THIS IS THE SECOND REVERSAL WE'VE HAD IN BOTH CORN AND SOYBEANS IN THE LAST 10 TRADING SESSIONS. SO WHEN YOU LOOK AT THE WEATHER FORECAST THERE'S  NOTHING TO GET TOO TERRIBLY EXCITED ABOUT WEATHER WISE AT LEAST FOR THE TIME BEING. AND THAT  MIGHT KEEP THINGS A LITTLE BIT IN CHECK FOR NOW SAYS TED SEIFRED FROM ZENER AG HEDGE COMING  TO YOU FROM THE CME FLOOR.  

AGRIBUSINESS
JOINING ME OUT TO AGROBUSINESS DESK STEVE GEORGY ALLENDALE INCORPORATED. AND STEVE AS  WE LOOK AT THE SOYBEAN MARKET WE GOT FRESH DATA ABOUT A WEEK AGO FROM USDA. AND AND  THAT WASN'T REALLY IS. I MEAN CORN WAS A DECENTLY BULLISH NUMBER IF YOU LOOK AT THE FUNDAMENTAL ASPECT OF IT BEING NOT SO MUCH. NO BEANS DEFINITELY NOT. WHEN YOU LOOK AT WHAT  THEY DID WE WERE SITTING AT THREE HUNDRED EIGHTY MILLION. NOW THEY'VE JUMPED AT UP TO 575 8.  I MEAN THIS NUMBER THOUGH IS JUST THAT. ARE WE TRADING A NUMBER. YEAH. YOU KNOW AND WHEN  YOU LOOK AT WHAT CORN IS WE'RE NOT TRADING ANYWHERE WHERE WE NEED TO BE. BUT FOR BEANS NOW YOU CAN ALMOST JUSTIFY THIS MASSIVE NUMBER NOW FOR BEANS. HAVE THEY OVERDONE THAT  NOW YOU KNOW THEY SLASHED EXPORTS QUITE A BIT ON THIS PAST REPORT. IS THAT GOING TO REMAIN  WHERE IT IS. WE'VE SEEN GREAT EXPORTS SOYBEAN ABSOLUTELY WE HAVE. AND SO THE DEMAND HAS  BEEN THERE UP UNTIL THIS POINT. AND SO WHEN YOU LOOK AT THAT WITH GOOD WEATHER THE IDEA THAT  WE'RE PROBABLY GOING TO SEE BETTER THAN EXPECTED YIELDS THIS YEAR. YOU STILL HAVE THIS NEGATIVE  MOMENTUM STILL LOOMING IN THIS MARKET THAT IS STILL PUSHING US TO LEVELS WHERE IT HURTS WAY BELOW PRODUCTION. RIGHT BUT IT'S STILL AT A POINT WHERE IT PROBABLY IS UNDERVALUED. BUT WHEN  YOU LOOK AT WHAT USDA TOLD US AND WE LOOK AT THE NUMBERS THEMSELVES IT NOW HAS BECOME  LESS BULLISH OR LESS FRIENDLY. IF WE LOOK AT THESE RAW DATA. AND SO I STILL FEEL THERE'S HOPE  THERE'S STILL GOING TO BE SOME OPPORTUNITIES OUT OF BEANS. WE JUST NEED TO TAKE THOSE AS WE ARE. NO ONE IS GOING TO BE SELLING HERE AT THIS LEVEL. YOU'RE NOT GOING TO FIND GUYS MAKING  SALES AND IF YOU DO IF YOU HAVE TO LOOK AT TRYING TO FIND A WAY TO REACH THEM ON THE BOARD  OKAY MAINTAIN OWNERSHIP. IF YOU'RE MAKING SALES RIGHT NOW. YEAH. AND SO FIND A WAY TO DO THAT. BUT WE NEED TO GET THROUGH THIS TARIFF TALK FIRST. YEAH AS WE AS WE GO THROUGH THAT  TERRITORY TARIFF TALK. WE KNOW THAT CHINA IS LOOKING TO BRAZIL TO BUY BEANS BUT AT SOME POINT  BRAZIL RUNS OUT OF BEANS. AND THEN WE'RE THE BIGGEST PLAYER IN THIS MARKET SOMEBODY IS GOING  TO COME BY AND THE PRICES ARE GOING TO BE ATTRACTIVE TO BUYERS SO I DON'T KNOW. IT JUST SEEMS  LIKE IT FEELS LIKE YEAH SEEN MOVE THAT NUMBER A LOT BUT WE DON'T KNOW NECESSARILY THAT THOSE EXPORTS ARE GOING FALL OFF COMP. WE ARE SEVERELY DISCOUNTED RIGHT NOW VERSUS BRAZIL. BUT  SHOULD WE BE AT THAT NUMBER VERSUS THE TARIFF NOW THAT IT'S PUT ON US LOOKING AT SPECIFICALLY ON  CHINA. I DO FEEL HOWEVER THAT THERE IS AN OPPORTUNITY WE PROBABLY AREN'T GOING TO BE AS BAD  AS WHAT THE MARKET IS MAKING IT FEEL LIKE RIGHT NOW. OKAY. SO HER TONE OF EMOTION THAT'S NOT  GOING TO GO AWAY HERE OVER THE NEXT SEVERAL MONTHS. ALL RIGHT WE'LL KEEP AN EYE ON IT. THANK  YOU. WE'LL BE BACK WITH MORE IN JUST A MINUTE. 

WEATHER
WELCOME BACK TO AGDAY OR METEOROLOGIST MIKE HOFFMAN LOOKING AT THE RUDEL MOISTURE  MAP AND THAT BULL'S EYE RIGHT THERE. NORTHERN MISSOURI PRETTY TOUGH. I KNOW AND YOU KIND OF  WATCH THE RADAR AND YOU SEE SOME RAIN GO THROUGH THERE BUT IT JUST ENDS UP NOT BEING ENOUGH TO REALLY GET THEM OUT OF THIS DRY SPELL AND THIS ZONE MOISTURE MAP COMES DIRECTLY  FROM NASA SATELLITE. SO IT IS REALLY UP TO DATE IT KEEPS US UP TO DATE. YOU CAN SEE ANOTHER  AREA OF CONCERN IS THE INCREASING DRYNESS IN MANY PARTS OF THE CAROLINAS ESPECIALLY THE EASTERN CAROLINAS WESTERN SECTIONS IN THE APPALACHIANS A LITTLE BIT ON THE WET SIDE THERE.  LITTLE BIT WET THERE IN PARTS OF THE UPPER MIDWEST. AND LOOK AT THE CHANGE IN THE SOUTHWEST.  THOSE AREAS WERE RED A FEW A FEW WEEKS AGO TURNING BLUE IS THAT MONSOON MOISTURE GETS INVOLVED WITH THE SYSTEMS THERE AND THAT'S ALL GOING TO EVERY AFTERNOON YOU WILL SEE SOME  SHOWERS AND THUNDERSTORMS BUBBLE UP IN THOSE AREAS. OTHER THAN THAT WE'RE WATCHING TWO  SYSTEMS. THIS IS THE MAIN ONE THAT'S GOING TO HELP THE CORN BELT GET SOME MOISTURE IN MANY PLACES THIS COULD BE GOOD NEWS FOR MISSOURI WE'RE HOPING AND SOME OF THOSE DRIER AREAS IN  PARTS OF THE I 80 CORRIDOR ARE HEADING FARTHER EAST. ALSO THIS AREA OF LOW PRESSURE ALONG THE  GULF COAST KIND OF A SLOW MOVER. THOSE ARE AS WE'LL CONTINUE TO GET SHOWERS AND STORMS SO  LET'S PUT THE MAPS INTO MOTION AS WE HEAD THROUGH THE DAY TODAY YOU CAN SEE THE SHOWERS AND STORMS WILL CONTINUE AHEAD OF THIS WARM FRONT FROM WESTERN NORTH DAKOTA ALL THE WAY  DOWN INTO THE KANSAS CITY AREA HIT AND MISS SHOWERS AND THUNDERSTORMS IN THE SOUTHEAST  AND A LITTLE BIT IN THE SOUTHWEST NOT AS MUCH AS YOU'VE SEEN SEVERAL DAYS OVER THE PAST COUPLE OF WEEKS. THEN YOU CAN SEE TOMORROW MORNING STILL. MAYBE A COMPLEX OF  THUNDERSTORMS YOU CAN GET THAT AHEAD OF A WARM FRONT THERE THEY'RE NOCTURNAL THUNDERSTORMS  THAT DEVELOP AND THOSE CAN PUT DOWN WIDESPREAD SOAKING RAIN. SO WE'LL HAVE TO WATCH THAT  AND THAT AREA OF LOW PRESSURE MOVING NORTHEAST FINALLY INTO THE PANHANDLE OF FLORIDA AS WE  HEAD THROUGH TOMORROW AFTERNOON. BUT STILL A GOOD CHANCE THERE. NORTHERN MISSOURI NORTHWARD FOR SHOWERS AND THUNDERSTORMS. CLOSE TO THIS WARM FRONT AND THAT WILL EXTEND ALL  THE WAY INTO THE SOUTHEAST AS WELL. THERE IS A PRECIPITATION ESTIMATE OVER THE PAST 24 HOURS  ADDING IN THE NEXT 36 YOU CAN SEE THE FOCUS IS MAINLY THAT WARM FRONT WITH SUMMER IS GETTING  SOME PRETTY DECENT RAINS AND SOME OF THE AREAS IN THE SOUTHEAST GETTING SOME PRETTY HEAVY  RAINS IN SPOTS AS WELL WHEREVER THOSE BIG THUNDERSTORMS OCCUR. TRIPLE DIGITS HIGH TEMPERATURES AGAIN TODAY PARTS OF OKLAHOMA AND TEXAS MORE COMFORTABLE GREAT LAKES IN  THE NORTHEAST. LOW TEMPERATURES AND I CAN DROP OFF INTO THE 50S IN MANY PARTS OF THE GREAT  LAKES STILL 70S FROM THE MID MENTAL PLAINS SOUTHWARD AND CONTINUE SOUTHERN PLAINS TOMORROW. BUT IT DOES COOL OFF A LITTLE BIT IN PARTS OF THE NORTHERN PLAINS IS THE JET STREAM AND  YOU CAN SEE THE SECOND TROUGH THAT'S THE ONE THAT COULD BRING A LOT OF MOISTURE IT'S A SLOW  MOVER AS WELL THROUGH THE GREAT LAKES OVER THE WEEKEND. ANOTHER TROUGH DIGGING IN TO BRING  MORE COOL AIR TO THE CORN BELT AS WE HEAD INTO NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY.  NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS HEADING OF COOVER WASHINGTON. FIRST OF ALL PLEASANT MIX OF SUN AND CLOUDS HIGH TEMPERATURE OF 79. CARTHAGE MISSOURI PARTLY SUNNY A  THUNDERSTORM IN SOME AREAS HIGH OF 92 AND SCRANTON PENNSYLVANIA SUNNY AND MORE  COMFORTABLE TODAY. HIGH AROUND 79. 

 

WE'LL TALK PRODUCE THANKS TO OUR CORPORATE COUSINS AT THE PACKER  NEXT ON AGDAY . LATER - TWO-WHEELER SAFETY THIS SUMMER - AND WHAT STEPS PARENTS CAN TAKE TO KEEP THEIR RIDERS UPRIGHT. 

PACKER TV
FROM OUR PARTNERS AT THE PACKER, USDA AG SECRETARY SONNY PERDUE ANNOUNCING AGRICULTURAL PRODUCERS IMPACTED BY HURRICANES AND  WILDFIRES IN 2017 NOW MAY APPLY FOR ASSISTANCE TO HELP RECOVER AND  REBUILD THEIR FARMING OPERATIONS...THAT INCLUDES CITRUS AND PRODUCE  GROWERS ALONG THE GULF COAST. THE PROGRAM, WAS AUTHORIZED BY CONGRESS EARLIER THIS YEAR. USDA OFFERING $2 BILLION IN DISASTER FUNDING FOR ELIGIBLE FARMS.  SIGNUP IS UNDERWAY AND WILL CONTINUE THROUGH NOVEMBER 16, 2018.  MEANWHILE, IN CALIFORNIA, THE 2018 WILDFIRE SEASON ALREADY ON TRACK TO  SURPASS LAST YEAR. THE LATEST DROUGHT MONITOR SHOWS THE SITUATION WORSENING IN THE GOLDEN STATE. MORE THAN 85 PERCENT OF CALIFORNIA IS ABNORMALLY DRY, UP FROM 22  PERCENT AT THE START OF THE WATER YEAR IN SEPTEMBER. DROUGHT NOW COVERS OVER 44 PERCENT OF THE STATE.  IN 2017, FORTY-SIX PEOPLE DIED, 1.3 MILLION ACRES WERE BURNED AND  BILLIONS OF DOLLARS IN HOMES AND BUSINESSES CONSUMED. CALIFORNIA SPENT $759 MILLION FIGHTING WILDFIRES. SO FAR IN 2018, FIRES HAVE SURPASSED 2017 COMPARED TO THE SAME POINT IN  THE YEAR. AND THE U.SDA SAYS ORANGE PRODUCTION IS GOING TO BE LOWER IN CALIFORNIA AND TEXAS THIS SEASON. IT'S FORECAST A ONE PERCENT DROP IN THE GOLDEN STATE COMPARED TO EXPECTATIONS IN JUNE, AND 11 PERCENT LOWER IN TEXAS...ALTHOUGH FOR THE  YEAR TEXAS IS EXPECTED TO PRODUCE A THIRD MORE ORANGES THAN LAST  YEAR. CHERRY GROWERS NEAR THE GREAT LAKES MAY BENEFIT FROM USING HIGH  TUNNELS TO PROTECT THEIR CROPS. CORNELL UNIVERSITY RESEARCHERS STUDIED THE BENEFITS OF SETTING-UP TALL TEMPORARY GREENHOUSES THAT REACH UP-AND-OVER CHERRY TREES. GROWERS - LIKE IN MICHIGAN AND NEW YORK - FACE EXTREME TEMPERATURES  IN THE WINTER AND SUMMER. CORNELL SAYS IF THE PRODUCERS CAN AVOID  THOSE RISKS, THEY STAND TO CASH-IN. CORNELL SAYS GROWERS COULD DOUBLE THEIR LONG-TERM NET RETURN PER  ACRE BY USING HIGH TUNNELS. TREES GROWN IN HIGH TUNNELS TEND TO  PRODUCE BIGGER FRUIT, AND THAT FRUIT MATURES FASTER THAN IT WOULD IF IT  WERE GROWN IN AN OPEN FIELD. EARLIER-ARRIVING FRUIT MEANS GETTING A JUMP-START OVER THE COMPETITION. PREVENTING INJURIES CAN BE "AS EASY AS RIDING A BIKE." 

TEASE
NEXT  A NEW STUDY SHOWS JUST HOW MANY CHILDREN ARE INJURED ON THEIR  BIKES AND WHAT PARENTS CAN DO TO KEEP THEM SAFER. 

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA. SEE THE ALL-NEW KOMMANDER-PRO ZERO-TURN MOWER AT KUBOTA.COM. IF YOUR KIDS ARE NOT SHOWING OR COMPETING AT THE FAIR RIGHT NOW,  CHANCES ARE THEY ARE SPENDING SOME OF THEIR DAY ON A BICYCLE. AND WHETHER IT'S A COUNTRY ROAD OR A CITY STREET, BIKE RIDERS NEED TO  THINK SAFETY. A NEW STUDY SHOWS THAT OUTSIDE OF MOTOR VEHICLES, BICYCLES ACCOUNT  FOR MORE CHILDHOOD INJURIES THAN ANY OTHER CONSUMER PRODUCT.IN THIS REPORT PROVIDED BY NATIONWIDE CHILDREN'S HOSPITAL, BARB  CONSIGLIO GIVES US SOME SAFETY TIPS. MOST KIDS ARE HAVING TOO MUCH FUN ON THEIR BIKES TO WORRY ABOUT  GETTING HURT, BUT A NEW STUDY BY THE CENTER FOR INJURY RESEARCH AND  POLICY AT NATIONWIDE CHILDREN'S HOSPITAL REVEALS THAT ABOUT TWO-POINT TWO MILLION CHILDREN WERE TREATED IN U-S EMERGENCY DEPARTMENTS FOR  BICYCLE-RELATED INJURIES OVER A TEN-YEAR PERIOD. THAT'S ABOUT TWENTY- FIVE EVERY HOUR.  "THE GOOD NEWS IS THAT THAT NUMBER WAS A DECREASE OVER THAT TIME  PERIOD."  DOCTOR LARA MCKENZIE LED THE STUDY AND SAYS EVEN THOUGH INJURIES HAVE DECLINED, TOO MANY CHILDREN ARE STILL BEING SERIOUSLY HURT ON  THEIR BIKES.  IN FACT, ELEVEN PERCENT OF KIDS TREATED IN EMERGENCY DEPARTMENTS FOR  BIKE-RELATED INJURIES HAD TRAUMATIC BRAIN INJURIES. MCKENZIE SAYS THE  BEST TOOL TO REDUCE YOUR CHILD'S RISK IS A HELMET.    "WHEN KIDS WERE WEARING  A HELMET AND THERE WAS A BIKE-RELATED INJURY, THEY WERE LESS LIKELY TO BE HOSPITALIZED AND  LESS LIKELY TO HAVE A TRAUMATIC BRAIN INJURY."  SHE SAYS PARENTS SHOULD SHOP FOR A HELMET WITH THEIR CHILD SO THEY CAN PICK ONE THEIR CHILD WANTS TO  WEAR. "AND THEN, FROM THERE, YOU'RE REALLY LOOKING TO MAKE SURE THEIR HELMET HAS A GOOD  FIT." SIDE STRAPS SHOULD FORM A 'V' AROUND THE EARS, THE CHIN STRAP  SHOULD BE SNUG, AND THERE SHOULD BE A SPACE THE WIDTH OF TWO FINGERS  BETWEEN THE EYEBROWS AND THE EDGE OF THE HELMET. BUT BEFORE YOUR CHILD PEDALS OFF, MAKE SURE THEY ALSO KNOW THE RULES  OF THE ROAD, ESPECIALLY IF THEY'RE RIDING IN THE STREET. "WHEN A MOTOR VEHICLE WAS INVOLVED, EITHER STATIONARY OR MOVING, THERE WAS MORE LIKELY A CHANCE THAT A  CHILD IS GOING TO GET A TRAUMATIC BRAIN INJURY, BE HOSPITALIZED, SO THOSE ARE DEFINITELY MORE  SERIOUS INJURIES."  MCKENZIE ALSO ENCOURAGES MUNICIPALITIES TO CREATE  DEDICATED BIKE LANES AND PROVIDE EDUCATIONAL PROGRAMS TO HELP KIDS  STAY SAFE AND BE BETTER PREPARED FOR THE ROAD AHEAD. AT NATIONWIDE  CHILDREN'S HOSPITAL, THIS IS BARB CONSIGLIO REPORTING. :21 EXPERTS ARE ALSO CALLING ON STATES TO ENACT LAWS REQUIRING CHILDREN TO WEAR HELMETS WHILE RIDING A BIKE, ENCOURAGING MUNICIPALITIES TO  CREATE DEDICATED BIKE LANES AND PROVIDE EDUCATIONAL PROGRAMS TO  HELP KIDS STAY SAFE.  RESEARCH SHOWS THAT THESE LAWS ARE EFFECTIVE² IN INCREASING HELMET  USE, YET ONLY TWENTY-ONE STATES CURRENTLY HAVE ONE IN PLACE. 

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.

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