AgDay Daily Recap - July 27, 2018

July 27, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
JULY 27, 2018

HEADLINES

THE U-S AND EU AGREE TO A CEASE-FIRE ON TRADE TENSIONS... <, SOYBEANS IS A BIG DEAL AND THE EURIOPSEAN UNION IS GOING TO  START ALMOST IMMEIATELY TO BUY A LTO OF SOYBEASN> STANDING NEXT TO HIS EUROPEAN ALLY, TRUMP TOUTS  NEW ZERO TARIFF TRADE RELATIONS WITH EUROPE.  THE POSISBLE TRADE DEAL STRIKING A CHORD WITH  THOSE IN SEARCH FOR POSITIVE TRADE NEWS...< IT'S SHOWIGN PRESIDENT TRUMP CAN BE BOTH THE ARSONIST FOR POLICY  AND THE FIREMAN FOR SELF INFLUCTED WOUNDS> WITH SO MUCH FOCUS ON TARIFFS AND DEMAND, BUT  IT'S THE STORY OF TIGHT SUPPLIES IN CORN NOT BEING  TOLD <. THE STOCKS TO USE RATIO ON CORN IS AS LOW IT HAS BEEN SINCE  1995 96> AND WE'RE ON THE QUEST FOR THE PERFECT WATERMELON. < BUT WHEN YOU HIT IT IT HAS A HIGH PITCH SOUND LIKE A PING IS  DEFINITELY NOT RIGHT.> HOW TO FIND THE RIPEST SWEET TREAT? THAT'S AS WE HEAD IN THE COUNTRY.  <SO WE HAD A BIG DAY, VERY BIG. WE MET RIGHT HERE AT THE WHITE  HOUSE TO LAUNCH A NEW PHASE OF RELATIONSHIP BETWEEN THE UNITED  STATES AND THE EUROPEAN UNION, A PHASE OF CLOSE FRIENDSHIP AND STRONG TRADE RELATIONS IN WHICH BOTH OF US WILL WIN > 

TRUMP, EU RELATIONS
GOOD MORNING, I'M TYNE MORGAN IN FOR CLINTON GRIFFITHS. ON THE HEELS OF A 12 BILLION DOLLAR TARIFF AID  PACKAGE TO FARMERS FINANCIALLY HURT FROM  TARIFF DISPUTES, THE U-S AND EUROPE AGREE TO A  CEASE FIRE ON TRADE DISAGREEMENTS, WITH A  POSSIBLE TRADE DEAL IN THE WORKS.   STANDING NEXT TO HIS EUROPEAN ALLY, PRESIDENT  TRUMP SAYS THE E-U AND TEH U-S AGREED TO WORK  THROUGH DIFFERENCES ON TRADE AND WORK TOWARD  A ZERO TARIFF ENVIRONMENT.  THAT INCLUDES ELIMINATING TARIFFS ON STEEL AND ALUMINUM ALREADY IN PLACE AND EUROPE'S RETALIATORY ACTIONS.  THE KEY FIGURE IN THE ANNOUNCEMENT WAS ZERO. TRUMP SAYING THIS MEANS THE U-S AND EU WILL WORK  TOWARD ZERO TARRIFS, ZERO NON TARIFF BARRIERS  AND ZERO SUBISIDES ON NON-AUTO INDUSTRIAL  GOODS <WE WILL ALSO WORK TO REDUCE BARRIERS AND INCREASE TRADE IN SERVICES, CHEMICALS, PHARMACUTICALS, MEDICAL PRODUCTS, AS WELL  AS SOYBEANS, SOYBEANS IS A BIG DEAL AND THE EURIOPSEAN UNION  IS GOING TO START ALMOST IMMEIATELY TO BUY A LTO OF SOYBEASN TEHY'RE A TREMENDOUS MARKET. BUY A LOT OF SOYEBASN FROM OUR  FARMERS> <WHEN I WAS INVITED TO THE WHITE HOUS,E I HAD ONE INTENTION, I  HAD THE INTENTION TO MAKE A DEAL TODAY, AND WE MADE A DEAL> JUNCKER SAYS HIS MAIN GOAL WAS TO BRING TARIFFS  ON INDUSTRIAL GOODS TO ZERO.  NOW THE QUESTION BECOMES HOW MUCH WILL  EUROPE BUY? THE ANNOUNCEMENT WAS ABSENT OF DETAILS AND FIRM COMMITTMENTS. USDA UNDERSECRETARY FOR MARKETING AND REGULATORY  PROGRAMS GREG IBACH TELLING AGDAY WHILE THE AMOUTN ISN'T SPECIFIED, THIS COULD BE A BIG BOON  FOR AG EXPORTS, DESPITE THE EU-TOUGH STANCE  ON GMOS.  <"THEY HAVE SOME GM IN ANIMAL FEED AND SO IF THAT IS WHERE THEY  ARE MOVING THEIR SOYBEANS, INTO ANIMAL FEED CHANNELS, I CAN SEE  THEM PURCHASING SOME OF THOSE. IN FOOD GRADE PRODUCTS, THAT'S  WHERE THEY'VE HAD THEIR GREATER CONCERNS."> FARM JOURNAL WASHINGTON CORRESPONDANT JIM  WIESEMEYER POINTS OUT EXPORTS TO EUROPE  WOULDN'T DISPLACE EXPORTS TO CHINA, BUT A TRADE  DEAL WITH THE E-U WOULD BENEFIT MORE THAN JSUT  AGRICULTURE.  <OH I THINK ALL THE WESTERN WORLD DOES BECAUSE NOW WE'RE AT  LEAST ON THE PATH OF POSTIIVE NEWS AND SOLUTAIONS RATHER THAN TARIFFS, COUNTERMEASURES ETC AND TO BE BLUNT, IN THIS CASE, IT'S  SHOWIGN PRESIDENT TRUMP CAN BE BOTH THE ARSONIST FOR POLICY AND  THE FIREMAN FOR SELF INFLUCTED WOUNDS> WHILE SOYBEAN WERE SPECIFICALLY MENTIONED,  COMMODITY MARKETS INITIALLY RESPONDING  POSITIVELY TO THE NEWS.  THE KNEE JERK REACTION WAS TO THE UPSIDE.  BUT WIESEMEYER SAYS THE SUPPORT MAY COME FROM  A MORE OPTIMISTIC VIEW ON TRADE VERSUS THE  IMPACT A TRADE DEAL WITH E-U WOULD HAVE ON U-S  AGRICULTURE.  <WHAT I THINK THE MARKET IS SIGNALING IS NOW WE'RE FINALLY GETTING  POSTIVE NEWS ONT EHT RADE POLICY FRONT, SO THEY'RE TRANSLATING IS  NOT ONLY EU WAS A CEASE FIRE IN PLACE RIGHT NOW, WE'VE GOT SOME  UPBEAT NEWS CONTINUING ON TEH NAFTA 2.0 FRONT WITH TALKS WITH  MEXICO AND SOME CONTINUED GOOD NEWS THERE. SO WHAT I THINK  THE MARKET IS SIGNALING IS THEY'RE EXPECTING NOW MAYBE SOME DEVLEOPMENTS IN TEH WEEKS AND MONTHS AHEAD RELATIVE TO CHINA.  THAT'S THE BIG KAHUNA> JOE VACLAVIK CALLING THE PRELIMINARY AGREEMENT  A STEP IN THE RIGHT DIRECTION WHEN IT COMES TO TRADE AND TRADE TENSIONS.  <NOW I DON'T NECESSAIRLY KNWO THAT HTIS DEAL WITH THE EU DOES  ANY CHANGE TO THE SUPPLY AND DEMAND SITUJATION. COUTNRIES OUT  OF EUROPSE WERE GONG TO BUY BEANS FROM THE U-S BECUASE OF THE  STEEP DISCOUNT RELATIVE TO THE BEANS OUT OF BRAZIL, SO ID ON'T KNWO  THAT IT CHANGES ANYTHING THERE, BUT IT MAY DO SOMETHING TO CHANGE SENTIMENT IN REGARD TO LARGE MONEY MANAGERS, SOME OF  THESE BIG FUND SHAVE BEEN SHORT IN BLEIVE IN TEH CORN AND  SOYBEAN MARKET SIMPLY BECAUSE OF THE TRADE TENSIONS SO MAYBE WE GET THINGS MOVING INT HE IGHT DIRECTION AND THEN HOEPUFLLY GET  SOETHING WITH CHINA. THAT WOULD BE THE NEXT BIG STEP IN TERMS OF  TRADE> VACLAVIK ADMITS THERE ARE STILL A LOT OF HURDLES TO OVERCOME WITH CHINA  

LIGHTHIZER TESTIFIES
JUST AHEAD OF ANOTHER ROUND OF NAFTA NEGOTIATIONS THURSDAY, U-S TRADE REPRESENTATIVE ROBERT LIGHTHIZER TESTIFYING ON  CAPITOL HILL, BACKING THE PRESIDENT'S TOUGH STANCE ON TRADE WHILE SHEDDING POSITIVE LIGHT ON NAFTA 2 POINT 0.  LIGHTHIZER TELLING THE SENATE APPROPRIATIONS COMMITTEE THAT THE U-S IS CLOSE TO REACHING A  BROAD AGREEMENT TO RENEGOTIATE NAFTA. BUT  DIDN'T PROVIDE A HARD TIMELINE FOR A DEAL.  HE SAID HOPEFULLY THE COUNTIRES ARE IN FINISHING  STAGES. DESPITE RENEGOTIATIONS OF THE TRADE PACT REACHING THE ONE-YEAR MARK, LIGHTHIZER SAID  TALKS ARE BEING DONE AT A, QUOTE, UNPRECEDENTED  SPEED.

JAPAN TRADE DEAL
 MEANWHILE, LIGHTHIZER ALSO PUTTING A POSITIVE  SPIN ON TRADE WITH JAPAN.  HE SAYS JAPANESE OFFICIALS HAVE AGREED TO A  MEETING WITH THEIR U.S. COUNTERPART ALSO SAYING A POTENTIAL DEAL WITH JAPAN IS A HIGH PRIORITY. HE'S EXPECTING THE MEETING TO BE  SCHEDULED SOON.     <WE SET UP A STRUCTURE WHERE MINISTER MATEGIE AND I ARE  INVOLVED IN NEGOTIATIONS ON THAT, WE WILL HAVE A MEETING ON THAT  CERTAINLY WITHIN THE NEXT 30 DAYS, IT'S BEING SET UP RIGHT NOW. WE  HAVE AN AGRESSIVE AGENDA.  RIGHT NOW, IT'S THE JAPANESE POSITION  THEY DON'T WANT TO ENTER IN ANOTHER FTA AGREEMENT WITH THE  UNITED STATES BUT THEY'RE WILLING TO WORK THROUGH A VARIETY OF  ISSUES,">  LIGHTHIZER SAYING USTR IS WORKING WITH  COUNTRIES IN AFRICA AND EAST ASIA ON POTENTIAL  AGREEMENTS AS WELL.  

TRUMP VISITS IOWA
MEANWHILE, THE PRESIDENT IS IN THE HEARTLAND THIS  WEEK, TRAVELING THROUGH IOWA AND ILLINOIS.  DURING A ROUNDTABLE DISCUSSION OUTSIDE OF  DEBUQUE,  PRESIDENT TRUMP CITING THE ANNOUNCMENT OF  OPENING UP THE EU MARKET TO FARMERS SAYING -  YOU'VE JUST GOTTEN YOURSELF ONE BIG MARKET -  TRUMP ALSO TOUCHING ON BIO FUELS SAYING DURING  A ROUNDTABLE DISCUSSION - WE'RE TAKING CARE OF  YOUR ETHANOL. HE'S TOTING GREEN CAPS DURING THE EVENT STATING  MAKE OUR FARMERS GREAT AGAIN. 

CROP COMMENTS
MIKE HOFFMAN JOINING US THIS MORNING WITH A LOOK  AT CROP COMMENTS. MIKE.  GOOD MORNING, TYNE.  WE ARE STARTING OFF WITH COTTON HARVEST DOWN  IN CORPUS CHRISTI, TEXAS. COLIN CHOPELAS SAYS THE  CROP IS NOT IN THE BEST CONDITION. HE FEEL SIT IS 50- 60 PERCENT BELOW AVERAGE. USDA SAYS ONLY 20  PERCENT OF TEXAS COTTON IS RATED GOOD TO  EXCELLENT. AND OVER IN NORTHEAST ARKANSAS, MIKE ANDREWS  WITH THE UNIVERSITY OF ARKANSAS EXTENSION  SENDING US A PICTURE OF ONE OF HIS CREW MEMBERS  LOOKING FOR RICE DISEASES AND PESTS IN THE  FIELDS.  USDA SAYS 65 PERCENT OF THE STATE'S RICE CROP IS  RATED GOOD TO EXCELLENT.  AND NOW HERE ARE SOME HOMETOWN TEMPS.  <AND TAKE A LOOK AT THE WINDSPEED FORECAST A LITTLE BIT OF WIND AND SOME THUNDERSTORMS. PARTS OF OKLAHOMA AND TEXAS DID START TODAY. OTHER THAN THAT NOT TOO MUCH IT DOES BECOME WINDY OR IN THE WEST AS WE HEAD THROUGH THE AFTERNOON. AND YOU CAN SEE HEADING INTO THE MORNING HOURS TOMORROW NOT TOO MUCH WIND COAST TO COAST BUT WE DO PICK UP A LITTLE BIT PARTS OF THE EASTERN GREAT LAKES MISSOURI VALLEY AND INTO THE WEST. WE'LL TALK MORE ABOUT YOUR FORECAST COMING UP BUT FIRST HERE SOME HOMETOWN. TEMPS>

TEASE
STILL TO COME DESPITE THE EU TRADE PACT, WHY WERE COMMODITIES MIXED AT THE CME THURSDAY.PLUS, HWO TO PICK THE PERFECT WATERMELON AS WE HEAD IN THE COUNTRY.

FLOOR OF THE CME
IN AGRIBUSINESS, MIXED ACTION ON THE CME AFTER THE POSITIVE NEWS ON TRADE WITH THE E-U. TO FIND  OUT WHY LET'S HEAD TO TEH FLOOR OF THE CME.  AN INTERESTING WEEK TO SAY THE LEAST. IT'S NICE TO SEE CORN AND SOY SOYBEANS STABILIZED A LITTLE BIT AFTER BEING IN A CONTINUOUS DOWNTREND NOW MOVING OVER TO THE SOYBEANS SAW A BIG FUNDAMENTAL NEWS YESTERDAY WITH THE NEWS THAT THE EU IS GOING TO BUY SOYBEANS. FOR US THIS IS THIS WAS KIND OF A NO AND OF COURSE THEY'RE GOING TO BUYU.S. SOYBEANS OR AT A NICE DISCOUNT TO THE BRAZILIAN BEANS WHERE THEY WERE PREVIOUSLY BY. BUT FROM A TECHNICAL STANDPOINT THERE JUST WASN'T ENOUGH TO GET THIS MARKET REALLY EXCITED ON THE OPEN WE SAW THE MARKET TRADE HIGHER IN THE OVERNIGHT AND EARLY MORNING TRADE 897 IN THREE QUARTERS TONIGHT. NO ONE IN THREE QUARTERS WAS A BIG RESISTANCE POCKET. OBVIOUSLY THE PSYCHOLOGICALLY SIGNIFICANT NINE DOLLAR HANDLING THERE WAS ALSO BIG LEVELS BACK IN JUNE AND JULY WHERE WE KIND OF BROKE DOWN WRAPPING THINGS UP WITH A LEAN HOGS AUGUST AND HOGS HAVEN'T BEEN ABLE TO CATCH A BIT AT ALL. AND I THINK WE COULD POTENTIALLY SEE A BOUNCE IN THIS MARKET BUT WE'RE NOT GOING TO BE LOOKING AT AUGUST WE'RE GOING TO BE MOVING OUT TO OCTOBER AND THE WAY WE'RE LOOKING AT IT IS THROUGH CALL OPTIONS. IT'S BEEN ALL OVER SOPE BLUE LINE FUTURES FROM THE FLOOR OF THE CME. 

AGRIBUSINESS
WITH ALL THIS TALK ABOUT TRADE AND DEMAND, THERE'S BEEN LESS TALK ABOUT SUPPLY. CLINTON GRIFFITHS JOINS US NOW FROM THE  AGRIBUSINESS DESK TO TALK ABOUT THE SUPPLY SIDE.  <<DAN HUEBER WITH THE HUEBER REPORT OUR GUEST HERE AT THE AGRIBUSINESS DESK TODAY. DAN AS WE TAKE A STEP BACK AND WE  START TO LOOK AT NOT JUST THE PRODUCTION HERE AT HOME BUT THE  GLOBAL PRODUCTION OF GRAINS. WHERE DID THOSE INVENTORIES SIT FOR US RIGHT NOW. YOU KNOW AND AGAIN I THINK IT'S A KEY ELEMENT AND I  THINK REALLY OVER THE LAST FOUR TO SIX WEEKS AS WE'VE BEEN SO  FOCUSED SO ATTUNED TO WHAT'S GOING TO HAPPEN WITH THE NEXT TALK OF A TARIFF WE'VE FORGOTTEN WHERE WE ARE ON A WORLDWIDE BASIS IN  CORN ESPECIALLY I THINK THESE NUMBERS HAVE REALLY CREPT UP ON  PEOPLE AND I THINK THAT WE'RE WIMPS THAT REALIZATION COMES THAT WE REALLY SEE IT ALMOST OUT OF POVERTY. THE STOCKS TO USE RATIO ON  CORN IS AS LOW IT HAS BEEN SINCE 1995 96. AND WE LOOKED AT  THREE YEARS IN A ROW OF DECLINING NUMBERS NOT ONLY RAW AMATORY BUT MORE CRITICALLY THAT STOCKS TO USE IT BECAUSE WE KNEW ON  WHAT BASIS IT DOESN'T MATTER WHAT THE PRODUCT WE CONTINUE TO  EXPAND OR TO OUR MAIN DEMAND AS LONG AS WE CONTINUE TO PUT MORE LIVESTOCK IN THE WORLD AND WE HAVE MORE PEOPLE IN THE  WORLD. I MEAN THOSE NUMBERS ARE GOING TO CONTINUE TO GROW A  LITTLE LESS EXTENT IS CRITICAL AT LEAST IN THE WHEAT IN THE BEANS BUT WITH WE'RE SEEING A DOWNTURN IN PRODUCTION AND WE ARE DOWN  PRETTY MUCH ON A GLOBAL BASIS THAT WE'RE REACHING CRITICAL LEVELS  YET BUT AND WE CONTINUE TO CHIP AWAY AT THOSE AND MAKE STOCKS SOYBEANS BE A SLIGHTLY DIFFERENT STORY. I MEAN BRAZIL OF COURSE  PUT ON A RECORD CROP AGAIN THIS YEAR. THEY'RE ALREADY TALKING ABOUT TRYING TO INCREASE PRODUCTION AGAIN  NEXT YEAR TO TO CAPITALIZE ON THEU.S. SITUATION. OF COURSE TALKING  ABOUT IT AND PRODUCING A CROP ARE TWO DIFFERENT THINGS. BUT EVEN  THERE EVEN WITH THE IF YOU LOOK AT THE RAW WORLD ENDING STOCKS  AND SOYBEANS. IT'S A RECORD NUMBER. BUT IF YOU LOOK AT IT AS A STOCK TO USE RATIO WE'VE ACTUALLY DECLINED. SO I MEAN THAT USAGE  IS IS THE KEY ELEMENT THAT ULTIMATELY IS GOING ON. I THINK THE PRICES  ARE BACK HIGHER AND I THINK THAT'S SOME GOOD NEWS THAT PEOPLE LIKE TO HOLD ONTO WITH EVERYTHING GOING ON IN THE WORLD. APPRECIATE THE PERSPECTIVE. WE'LL BE BACK IN JUST A BIT.>

WEATHER
WELCOME BACK TO AGDAY WITH METEOROLOGIST MIKE HOFFMAN. MIKE IT SOUNDS AS IF THE PANHANDLE OF TEXAS MAY GET SOME RAIN. YEAH I THINK MAYBE THE REST OF TEXAS WOULD LIKE THAT FRONT TO GO FARTHER SOUTH. BUT UNFORTUNATELY IT'S GOING TO BE STALLING OUT AND WHERE THAT FRONT ENDS UP KIND OF STALLING OUT. WE ARE LOOKING FOR THOSE SHOWERS AND THUNDERSTORMS. TEXAS PANHANDLE OKLAHOMA PANHANDLE SOUTHWESTERN KANSAS SOME OF THOSE AREAS THAT HAVE BEEN DRY AT LEAST MOST OF THOSE AREAS HAVE BEEN DRY MOST OF THIS GROWING SEASON ALSO KIND OF STALLED OUT FRONT. NORTHERN FLORIDA NOW WILL BE THE FOCUS FOR SHOWERS AND STORMS. OTHER THAN THAT TWO AREAS OF LOW PRESSURE GREAT LAKES NORTHEAST CAUSING SHOWERS AND THUNDERSTORMS THIS MORNING. YOU CAN SEE AS WE HEAD THROUGH THE DAY THOSE WILL CONTINUE TO SHIFT TO THE EAST SO THERE'LL BE SOME SCATTERED ACTIVITY. EASTERN GREAT LAKES ALL THE WAY DOWN INTO ARKANSAS. HIGH PRESSURE BUILDING IN BEHIND US IS PRETTY COOL AIR FOR THIS TIME OF THE YEAR SO THESE ARE COMFORTABLE TEMPERATURES COMING IN TO THE NORTHERN AND CENTRAL PLAINS AS WE HEAD INTO THE DAY TOMORROW. AREA OF LOW PRESSURE KIND OF REMAINING FROM THIS MAIN STORM SYSTEM IN THE NORTHERN GREAT LAKES WILL STILL CUSTOM SPOTTY SHOWERS ON INTO THE WEEKEND FOR PARTS OF THE GREAT LAKES. CHECK OUT THOSE SHOWERS AND THUNDERSTORMS ON OUR MODEL MOVING EVEN INTO WEST CENTRAL TEXAS FOR A LITTLE WHILE. NORTHEAST TEXAS BY TOMORROW AFTERNOON GETTING SOME HIT AND MISS SHOWERS AND STORMS AS WELL AS OFF AND ON THROUGH THE SOUTHEAST AND INTO THE NORTHEASTERN PORTIONS OF THE COUNTRY AS WELL.  SOUTHWEST WILL CONTINUE TO GET THOSE MAINLY AFTERNOON VARIETY POP UP SHOWERS AND THUNDERSTORMS AS WELL. HERE'S WHERE THE PRECIPITATION ESTIMATE PANS OUT OVER THE LAST 24 HOURS YOU CAN SEE A LOT OF IT'S BEEN IN THE NORTHEAST. ADDING IN THE NEXT 36 HOURS WILL ADD A LITTLE BIT MORE A LITTLE BIT MORE IN THE NORTHEAST. AS YOU CAN SEE CNN HIT AND MISS ACTIVITY FROM ARKANSAS BACK INTO THE PAIN HANDLE IT TEXAS ON UP INTO EASTERN COLORADO WESTERN KANSAS AND FARTHER NORTH EAST OF THE ROCKIES ARE ALSO HIT AND MISS AREAS ALONG THAT COLD FRONT THROUGH THE WESTERN GREAT LAKES NORTHERN MISSISSIPPI VALLEY. TEMPERATURES THIS AFTERNOON. CHECK OUT THE 60S SHOWING UP IN THE NORTHERN MISSISSIPPI VALLEY NORTHERN GREAT LAKES STILL TRIPLE DIGITS PARTS OF TEXAS SO LOW TEMPERATURES TONIGHT GOING TO DROP INTO THE LOWER 50S UP ALONG THE CANADIAN BORDER 60S IN THE OHIO VALLEY 70S FARTHER SOUTH AND THEN YOU CAN SEE TOMORROW AFTERNOON. AGAIN THESE ARE VERY COMFORTABLE TEMPERATURES FOR MOST OF THE CORN BELT. THE HEAT HAS SHIFTED FARTHER TO THE SOUTH AND TO THE WEST WHERE THAT RIDGE CONTINUES IN THE JETSTREAM BUT CHECK OUT THAT CUTOFF LOW NORTH OF THE GREAT LAKES THROUGH THE WEEKEND. ANOTHER LOW DROPS INTO THE GREAT LAKES AS WE HEAD INTO EARLY NEXT WEEK. AND GUESS WHAT. ANOTHER ONE IS HEADING INTO THE NORTHERN PLAINS EVENTUALLY INTO THE GREAT LAKES FOR THE SECOND HALF OF NEXT WEEK KEEPING THE COOLER TEMPERATURES FOR MOST OF THE CORN BELT. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS. WE HEAD TO WICKENBURG ARIZONA. FIRST OF ALL PARTLY SUNNY STILL VERY HOT HIGH OF 1 0 8.  JOSEPH MISSOURI PARTLY SUNNY PLEASANTLY WARM HIGH OF 82 AND FLORENCE SOUTH CAROLINA. HOT AND HUMID PARTLY SUNNY WITH AN AFTERNOON THUNDERSTORM HIGH 91. THANKS, MIKE. 

TEASE
WELL AS SOME AREAS ARE PLAGUED WITH DRYNESS THIS YEAR, IS YOUR PIVOT IRRIGATION DOING ENOUGH  TO HELP THE CROP IN A TIME OF NEED? WE CHECK IN  WITH MISSY BAUER NEXT.  PLUS, IT'S THE QUEST FOR THE PERFECT WATERMELON  LATER ON AGDAY.  

FARM JOURNAL COLLEGE TV
MORE THAN HALF OF HTE UNITED STATES IS FACING DROUGHT THIS YEAR. AND AS FARMERS RELY ON  IRRIGATION TO SUPPLY WHAT MOTHER NATURE CAN'T,  HOW DO YOU KNOW IF YOUR IRRIGATION IS DOING ITS  JOB? MISSY BAUER HAS THIS WEEK'S FARM JOURNAL COLLEGE.  <SO WE'RE OUT HERE NOW BEHIND THE PIVOT. SO IF YOU WATCHED OUR FIRST VIDEO WE WERE IN FRONT OF THE PIVOT SHOWING YOU HOW DRY THIS  SOIL WAS. AFTER HAVING THAT POINT 6 5 ON MONDAY SO AGAIN HERE  FRIDAY THE PIVOTS COME THROUGH HERE ABOUT EIGHT HOURS AGO THAT IT COME THROUGH HERE. WE PUT ON ONE INCH OF WATER. SO WHAT WE  WANT EVALUATE WAS THAT ONE INCH ENOUGH HOW WELL DID WE GET  PENETRATED THROUGH THERE. RIGHT BECAUSE IN THE FIRST VIDEO WE SHOWED WE WERE DRY. WE WERE UNABLE ALL THAT SOIL UP SO WE'VE  DUG ANOTHER CUBE LET'S POP IT UP AND SEE HOW OUR MOISTURE IS  HERE SO AT THE SURFACE WE SHOULD BE ABLE OF ALL THE SOFT HOPPING AROUND AND SEE HOW THAT STAYS TOGETHER COMPARED TO THE FIRST  VIDEO WHERE WE DIDN'T HAVE ENOUGH IRRIGATION WATER ON AT THAT  TIME. AGAIN TAKE IT DOWN ABOUT THE CENTER OF THE CUBE BALL IT UP AND PLOP IT AROUND YOUR HAND A FEW TIMES AND THAT SHOULD STAY  TOGETHER. THAT TELLS US WE HAVE ENOUGH MOISTURE IN THE SOIL FOR  THE CROP. IT'S NOT VERY SCIENTIFIC WAY TO DO IT BUT IT'S A VERY GOOD  WAY TO EVALUATE A QUICK WAY TO GO OUT TO MULTIPLE FIELDS AND SEE  HOW THE MOISTURE IS DOWN IN YOUR SOIL PROFILE. SO NOW WE'RE DOWN TO 10 OR 12 INCHES DEEP EVEN SEE THAT WE'VE GOT EVEN A LITTLE BIT  SANDIER SOIL SANDY LOAM AND WE'VE SWAPPED THAT OWNER HAND  AND IT STAYS TOGETHER. SO NOW WE'VE WENT DOWN 10 TO 12 INCHES. WE TALKED ABOUT THE SEPARATION OF THE WATERFRONTS. WE'VE MET THAT CRITERIA WHERE WE'VE GOT WATER FROM UNDERNEATH THE SURFACE OF MATT AND WE'RE GOING TO GET GOOD CAPILLARY ACTION  UP AND DOWN. AND AGAIN I THINK THE KEY HERE IS YOU KNOW HOW  MUCH WATER DOES IT TAKE. THIS YEAR THIS YEAR IS A LOT DIFFERENT THAN PREVIOUS YEARS WE'VE HAD. AND WE THINK ABOUT ET RATES  AND WHAT IT'S GOING TO TAKE WITH PULL IN THAT KIND OF WATER UP INTO  THE CROP EVERY DAY TO ACTUALLY GET THESE WATER DEEP ENOUGH SO WE DON'T WANT TO MAKE A MISTAKE IN PUTTING ON NOT ENOUGH WATER.  WE GOT TO GET ENOUGH TO MAKE TROUTS UNIFORM THROUGH THAT PROFILE  ESPECIALLY A LOT OF THIS CORN THAT'S IN THE POLLINATION PERIOD RIGHT  NOW AND SOME OF THE FIELDS THAT WERE PLANTED EARLIER WERE PULLING  A LOT OF MOISTURE A LOT OF THINGS ARE GOING ON THAT PLANT. IT CAN'T BE  STRESSED RIGHT NOW DURING THE POLLINATION PERIOD WE'RE GETTING INTO  THE SUMMER THAT PEAK UPTAKE WHERE THEY COULD BE IN ABOUT A QUARTER INCH OF WATER PER DAY. SO YOU THINK ABOUT THAT EVERY FOUR  DAYS YOUR CROP SUCKING UP AN INCH OF WATER. SO WE NEED TO STAY  ON TOP OF THIS THIS YEAR. IT DOESN'T TAKE VERY LONG TO GO OUT TO YOUR  FIELD AND SEE WHAT'S GOING ON LET THE SOIL AND THE CROP TELL YOU  WHAT'S GOING ON AND MAKE THE ADJUSTMENTS IF YOU NEED TO.> THANKS, MISSY. 

TEASE
STILL TO COME, IF YOU'RE WONDERING WHAT THE PERFECT WATERMELON LOOKS LIKE WHEN YOU BUY  THE SUMMER FRUIT TREAT, WE HAVE THE ANSWER ON  THIS FRIDAY. THAT'S NEXT. 

FROM THE FARM
IT'S THE ULTIMATE SUMMER TREAT... FRESH WATERMELON FROM A ROADSIDE STAND OR GROCERY  STORE. I MEAN, IS THERE ANYTHING BETTER ON A HOT SUMMER  DAY? BUT HOW DO YOU KNWO YOU'RE PICKIGN THE PERFECT  WATERMELON? TODAY, WE HEAD TO THE RESEARCH  FARM AT THE UNIVERSITY OF SOUTHERN ILLINOIS,  CARBONDALE TO FIND OUT.  RIGHT NOW WE'RE AT THE SOUTHERN ILLINOIS UNIVERSITY  HORTICULTURE RESEARCH CENTER AND PART OF THE COLLEGE OF AGRICULTURAL SCIENCES. I USUALLY USE THE METHOD YOU KNOW WHEN  IT HAS A DEEP THUD BUT THAT DOESN'T ALWAYS NECESSARILY MEAN THAT  IT'S PERFECTLY RIPE. IT COULD MEAN IT'S OVERRIPE. BUT WHEN YOU HIT IT  IT HAS A HIGH PITCH SOUND LIKE A PING IS DEFINITELY NOT RIGHT. SEE  THAT WAX HELP MOVE IT OFF AS THE WATERMELON RIPENS. THIS WHAT THEY CALL IT CALL IT A BALLOON. ON THE SURFACE KIND OF GOES AWAY  AND IT BECOMES MORE OF A DULL APPEARANCE. YOU DON'T WANT THIS  WACKINESS ON THERE. THAT INDICATES THAT IT'S NOT QUITE RIGHT. IF YOU FLIP IT OVER AND LOOK UNDER THE BOTTOM OF THESE SHOULD BE MORE OF  A A YELLOW SPOT. SEE THIS IS STILL KIND OF GREENISH. IT SHOULD BE  MORE OF A BRIGHT YELLOW COLOR UNDERNEATH IT. SO YOU WANT THE YELLOW. NO I DON'T THINK IT'S READY YET. THE THIRD IS NOT DEEP  ENOUGH FOR THAT ONE YET EITHER FOR ME FROM MY YEARS OF  EXPERIENCE AND THUMPING WATERMELONS.  WHO KNEW-- THAT BRIGHT YELLOW SPOT IS ACTUALLY  A GOOD THING.  

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR ALL OF US AT AGDAY, HAVE A GREAT SUMMER  WEEKEND IN FARM COUNTRY.  

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