AgDay Daily Recap- March 20, 2018

March 20, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
MARCH 20, 2018

HEADLINES

THE DEBATE OVER RINS WITHIN THE R-F-S CONTINUES, RIPPLING ACROSS WASHINGTON.IT'S AN EXCLUSIVE INTERVIEW WITH EPA ADMINSTRATOR SCOTT PRUITT. TARIFF TALK RATTLING THE GRAIN MARKETS THIS WEEK...HISTORY TELLS US THAT IT TAKES A LONG PERIOD OF TIME TO CULTIVATE A CLIENT AND A VERY SHORT PERIOD OF TIME TO LOSE THAT CLINETHOW A POSSIBLE TRADE WAR COULD COME AT THE COST OF SOYBEANS. IN AGRIBUSINESS, WHY A SPECULATOR IS WATCHING STRONG SIGNALS IN THE SOYBEAN MARKET RIGHT NOWWE'VE HAD AN 80 CENT MOVE UP SINCE MID-JANUARY. BASED UPON THE FUNDS BUYING TREMENDOUS AMOUNT OF SOYBEANSAND EVERY DAY IS AGDAY IN AGRICULTURE, BUT TODAY'S A TRIBUTE TO THE HANDS AND FACES WHO ARE THE FABRIC OF FARMING. AGDAY-BROUGHT TO YOU BY THE DEPENDABLE, LONG LASTING CHEVY SILVERADO.

RFS
GOOD MORNING I'M CLINTON GRIFFITHS.TODAY IS NATIONAL AG DAY.AND LIKE WE DO EVERY DAY, WE'D LIKE TO TAKE A MINUTE TO THANK THE FARMERS, RANCHERS AND AG INDUSTRY FOLKS DEDICATED TO FEEDING OUR WORLD. THANK YOU FOR ALL THAT YOU DO.NOW TO THE NEWS...AND WE BEGIN WITH THE RENEWABLE FUELS STANDARD.TALKS OF ANOTHER BIOFUELSUMMIT CONTINUETO RIPPLE ACROSS WASHINGTON.ACCORDING TO WASHINGTON WATCHER JIM WEISMEYER, FIVE MIDWESTERN REPUBLICANS SENDING A LETTER ASKING PRESIDENT TRUMP NOT TO CONSIDER CHANGES THAT COULD HARM THE RENEWABLE FUEL STANDARD. AND THAT INCLUDES PUTTING A CAP ON RIN PRICES. I ASKED EPA ADMINISTRATOR SCOTT PRUITT ABOUT RINSLAST WEEK DURING AN EXCLUSIVE INTERVIEW.THE QUESTION IS, WHAT'S DRIVING THAT RIGHT IS THERE SPECULATION. IS IT IS IT IS THERE SOME OTHER SOME CHANGES CAN BE MADE TO ENHANCE TRANSPARENCY IN THE TRADING PLATFORM. I THINK THERE ARE, I THINK, I THINK, IN FACT, IN FACT, I THINK THERE'S A LOT OF CONSENSUS AROUND THAT WITH EVERYBODY IS CONCERNED ABOUT THESE ISSUES. BUT THERE ARE OTHER THINGS THAT WE NEED TO EVALUATE AND ARE EVALUATING WITH OUR PARTNERS THAT EGG AND THE WHITE HOUSE AND CONSTITUENCY GROUPS THAT THESE ARE IN PRICES ROOM REFORM. I THINK HE'S GOING TO CONTINUE UNTIL WE PROVIDE SOME ANSWERS AND HOPEFULLY WE CAN ACCORDING TO WEISMEYER, ONE OF THE OPTIONS UNDER REVIEW INCLUDES A TRIGGER MECHANISM THAT MAY KICK IN TO CAP PRICES FOR BIOFUEL CREDITS. THE CAP COULD BE TRIGGERED IF E15 SALES FALL SHORT OF TARGET VOLUMES AFTER A YEAR, OR IF RIN PRICES REMAIN TOO HIGH AT THAT TIME.AG SECRETARY SONNY PERDUETOLD ME HE'S LOOKING TO MARKET EXPERTS FOR HELP IN SOLVING THE TRANSPARENCYISSUE.ITS POSSIBLE ARE SOME OPTIONS THERE WHERE YOU CAN HAVE PEOPLE WHO CREATE RINS HAVE TO DISPOSE OF THEM IN 30 DAYS, NOT THE HOARDING PLAYING THE MARKET TRANSPARENT MARKET WHO'S TRADING IN THE COMMODITIES CORN, WHEAT BEANS SPECULATORS CAN ONLY HOLD CERTAIN POSITIONS A CERTAIN LEVEL OF POSITION. WE DON'T HAVE ANY KIND OF OVERREGULATION THEY HAVE ACTUALLY CONTACTED TO THE EXCHANGES CME AND ICE TO ASK IF THEY HAVE IDEAS ABOUT HOW WE COULD DO A TRANSPARENT MARKET.

EU TARIFFS
MEANWHILE THE AG INDUSTRY CONTINUES TO FOCUS ON POTENTIAL RETALIATION FROM THE PRESIDENT'S RECENT TARIFF DECISION.THE NEW STEEL AND ALUMINUM TARIFF MAY GO INTO EFFECT AS EARLY AS THIS WEEK. IT'S STILL UNCERTAIN WHETHER THE EUROPEAN UNION WILL BE SPARED THOSE ADDED COSTS.EVEN SO, THE E-U WASTING NO TIME OFFERING A LIST OF RETALIATORYTARRIFSOF THEIR OWN.  THE E-U SAYS IT MAY PLACE STIFF TARIFFS ON A RANGE OF AG PRODUCTS...INCLUDING CORN, RICE, KIDNEY BEANS, PEANUT BUTTER, CRANBERRIES, ORANGE JUICE AND TOBACCO. AND THE LIST ISN'T FINAL.THE RETALIATION PLAN CALLS FOR MORE THAN 5 BILLION DOLLARS WORTH OF TAXES ON U-S IMPORTS. EUROPEAN COMMISSIONER FOR TRADE, CECILIA MALMSTROMBELIEVES THE U-S USING "NATIONAL SECURITY" AS A REASON TO IMPLEMENT THE TARIFFS IS NOTHING BUT A RUSE.PROTECTIONISM IS NEVER A GOOD ANSWER. THAT'S WHY WE ARE REACHING OUT TO OTHER PARTIES IN THE WORLD TO JOINTLY STAND UP IN SUPPORT IN INTERNATIONAL TRADING SYSTEM. MALMSTROMALSO SAYING SHE'S TRYINGTO UPHOLD RULES AGAINST THOSE COUNTRIES WHO DISTORT TRADE OR HAVE UNFAIR PRACTICES. WE HOPE TO AVOID A TRADE DISPUTE. THE ROOT  PROBLEM AS MANY OF YOU HAVE SAID, IS OVERCAPITY IN STEEL AND ALUMINUM SECTORS. 50 CERTAIN COUNTRIES ARE PRODUCING MASSIVE SUBSIDIES IN OUR MARKET CONDITIONS. 57 SO THE EU AND THE U.S. SHOULD AND WE ARE WORKING TOGETHER LIKE THIS. AND US ON OUR SIDE HAVE DONE OUR PART. WE HAVE WITH YOUR HELP HAVE MODERNIZED THE TRADE INSTRUMENT AND WE ARE TRYING TO UPHOLD RULES AGAINST THOSE COUNTRIES WHO DISTORT TRADE OR HAVE UNFAIR PRACTICES.

CHINA’S TARIFFS
THE E-U ISN'T THE ONLY CONCERN. THERE ARE FEARS CHINA IS NEXT. IN THE FIRST OF A TWO-PART SERIES, TYNE MORGAN TAKES A DEEP DIVE INTO WHY U-S AGRICULTURE MAY BE CAUGHT IN THE LINE OF FIRE OF A TRADE WAR BETWEEN CHINA AND THE U-S. TRADE RELATIONS BETWEEN CHINA AND THE U-S ARE NOW ON ROCKY WATERS. THAT'S AS THE TRUMP ADMINISTRATION IS TURNING UP THE HEAT ON TARIFFS. THE FIRST CAME IN EARLY MARCH, WHEN THE PRESIDENT ANNOUNCED A 25 PERCENT TARIFF ON STEEL IMPORTS AND A 10 PERCENT TARIFF ON ALUMINUM. SO STEEL AND ALUMINUM WILL HAVE A LOT OF GOOD THINGS HAPPEN, WE'RE GOIGN TOH AVE NEW JOBS POPPING UP, WE'RE GONG TO HAVE MUCH MORE VIBRANT COMPANIES AND IT'S THOSE WHO WANT TO SEE DOMESTIC STEEL PRODUCTION GROW -LIKE ILLINOIS REPRESETNATIVE RODNEY SOMETHING HAD TO BE DONE WHEN IT CAME TO STEEL. WE'VE SEEN GOVERNMENT SUPPORTED, CHEAP STEEL BEING DUMPED INTO OUR COUNTRY.HE SAYS IT'S THAT ACTION THAT CAUSED A STEEL PLANT IN GRANITE CITY, ILLINOIS TO CLOSE. TRUMP'S FAIR TRADE APPROACH TURNED EVEN MORE STRENUOUS, AS NEWS BROKE THIS WEEK THAT THE PRESIDENT IS DEMANDING HIS TOP ADVISERS TO HIT CHINA WITH STEEP TARIFFS IN RESPONSE TO ALLEGATIONS OF INTELLECTUAL PROPERTY THEFT. AND THOSE TARIFFS COULD CONSUME MORE THAN 100 CHINESE PRODUCTS RANGING FROM ELECTROICS TO FURNITURE. THAT NEWS SENDING AN EVEN BIGGER SHOCKWAVE THROUGH AGRICULTURE. ANYTIME YOU HAVE THE FARM ECONOMY STILL KIND OF LAGGING IN ITS RECOVERY, DISRUPTIONS IN TERMS OF DEMAND ARE REALLY TSTING THE NERVES OF FARMERSSOYBEAN FARMERS ON EDGE, FEARING RETALIATION ON REALIABLE SOYBEAN EXPORTS TO CHINA COULD BE NEXT. I THINK SOME RETALIATION IS INEVETABLE. THE CHINESE ARE KIND OF SENDING A MESSAGE TO US TO SAY OR THAT'S THE WAY THAT THEY SEND THE MESSAGE. UNFORTUNATELY IT ALWYS SEEMS THAT AGRICULTURE IS HTE FIRST ONE TO GO. WE JUST SEEM TO BE THE EASIEST TARGET WE'VE HEARD THE CHINESE SAY DIRECTLY THAT THEY WOULD RETALIATE AGAINST AMERICAN SOYBEAN IMPORTS. TO THAT COUNTRY. THAT'S A HUGE DEAL. THEY BUY MORE OF OUR BEANS THAN THE REST OF HTE WORLD COMBINED TO THE TUNE OF 14 BILLLION DOLLARS THE LAST MARKETING YEARIT'S THAT TRADE DISRUPTION THAT COULD HAVE A RIPPLE EFFECT, AND BECOME LONG-LASTING. HISTORY TELLS US THAT IT TAKES A LONG PERIOD OF TIME TO CULTIVATE A CLIENT AND A VERY SHORT PERIOD OF TIME TO LOSE THAT CLINET, AND THAT'S MY BIGGEST FEAR IS THAT NOW WHILE YOU MAY THINK THAT ALUMINUM AND STEEL HAS NOTHING TO DO WITHSOYBEANS. THEY HAVE EVERYTHING TO DO WITH SOYBEANS NOW ANALYSTS LIKE ARLAN SUDERMAN SAY WHEN IT COMES TO SOYBEAN EXPORTS, CHINA IS IN CONTROL. ITS' A BUYERS MARKET FROM THEIR STANDPOINT SUDERMAN SAYS THE WILDCARD FOR CHINA RIGHT NOW IS SOUTH AMERICA. AS THE MOST RECENT USDA PROJECTIONS SLASHED ARGENTINA'S SOYBEAN PRODUCTION ESTIMATES OVER DRYNESS CONCERNS. I THINK THEY ARE JUST WAITING TO SEE JUST WAHT IS THE SIZE OF HTE PRODUCTION THERE IN ARGENTINA. HOW MUCH WILL THAT DRAW SUPPLIES FROM BRAZIL. WHAT WILL BE THE AVAILABLE SUPPLIES FOR THEM BECAUSE ONE THING THEY DON'T WANT TO DO IS THREATEN THE AVAILABIITY OF PROTEIN FOR SUPPORTING THEIR MEAT INDUSTRY BECAUS THAT HAS A DIRECT IMPACT ON FOOD INFLATIONWITHIN CHINAMEYER THINKS WHILE SOUTH AMERICA ISN'T THE MAIN FACTOR IN CHINA'S DECISION ON WHETHER TO RETALIATE,  BRAZIL IS BECOMING AN EVEN LARGER PLAYER.  I CAN SAY LAST WEEK,WHEN WE SAW THE BIG CHINESE BUYS, I WOULD ATTRIBUTE TAHT TO THE FACT THAT THE BRAZILIAN HARVEST WAS BEHIND COMPARED TO LAST YEARAND NOW HE FEARS U-S SOYBEAN CROP IS A SECONDARY SUPPLIER TO CHINA, FALLING BEHIND BRAZIL. CHINA IS GOING TO IMPORT 90 MILLION METRIC TONS. THEY MAY GET TO 100 MILLION MENTRIC TONS. BUT TO SEE THEIR NUMBERS INCREASE, AND OUR SHARE OF THAT EXPORT NUMBER DECREASE, IS VERY CONCERNING WHILE THE FUTURE OF TRADE WITH CHINA REMAINS UNCLEAR, THE COUNTRY HAS A BIG APPETITIE FOR MANY AGRICULTURE PRODUCTS. IT'S JUST HOW MUCH OF THAT SHARE CAN COME FROM THE U-S THAT'S THE BIG UNKNOWN. REPORTING FOR AGDAY, I'M TYNE MORGAN.  THANKS, TYNE. TRADE SPATS BETWEEN THE U-S AND CHINA ARE NOTHING NEW. TOMORROW ON AGDAY, TYNE SHOWS US HOW SORGHUM ...THE LATEST TRADE DISPUTE VICTIM...IS DEALING WITH THE TURBULENCE IN CHINA.

SOUTH KOREAN POULTRY
THE SOUTH KOREAN MINISTRY OF AGRICULTURE HAS ADOPTED A NEW REGIONALIZATION POLICY THAT IS GOOD NEWS FOR THE U.S. POULTRY AND EGG INDUSTRY. THE NEW POLICY PREVENTS A COUNTRYWIDE BAN ON U.S. EXPORTS TO KOREA IN THE EVENT OF A FUTURE FINDING OF HIGHLY PATHOGENIC AVIAN INFLUENZA.SHOULD A CASE BE FOUND ONLY EXPORTS FROM EACH AFFECTED STATE WILL BE RESTRICTED. THAT WILL ALLOW THE U.S. TO CONTINUE SHIPPING POULTRY AND EGG PRODUCTS TO THE KOREAN MARKET.

CROP COMMENTS
MIKE HOFFMAN JOINING US FOR CROP COMMENTS THIS GOOD MORNING, CLINTON. WE'RE STARTING OFF IN BARTLETT, TEXAS. ALLEN MEISSNER SENDING US THIS BEAUTIFUL VIEW OF CROPS POKING UP OUT OF THE GROUND. HE SAYS HIS FIELDS RECEIVED TWO-TENTHS TO TWO INCHES OF RAIN LATELY. OF COURSE, HE COUDL USE MORE. HE PLANTED THIS FIELD ON FEBRUARY 15.WE'RE HEADING NORTHEAST FOR THIS NEXT PHOTO. GEOFFREY ARNOLD SAYS HE'S FINALLY SPREADING TURKEY LITTER IN YORK, PENNSYLVANIA FOR A FRIEND THAT'S BECAUSE THE WEATHER IS FINALLY COOPERATING. WIND SPEED FORECASTAND NOW HERE ARE SOME HOMETOWN TEMPS.

 

WHEN WE COME BACK, A LOOK AT THE TECHNICAL INDICATORS OF THE SOYBEAN MARKET.AND LATER, A NATIONAL AG DAY MESSAGE FROM AG SECREATRYSONNY PERDUE.

FLOOR OF THE CME
IN AGRIBUSINESS, IT WAS A ROUGH START TO THE WEEK FOR GRAIN PRICES ON MONDAY, WITH RED PLASTERED ACROSS THE BOARD. LET'S HEAD NOW TO THE FLOOR OF THE CME. TODAY SOYBEANS SHARPLY LOWER SEEMS THE WEEKEND RAIN IN ARGENTINA DID TRIGGER SOME SELL OFF AND THE MARKET SAID OF THE MARKET A LITTLE BIT LOWER. AND I THINK THERE'S BEEN A LITTLE BIT MORE FOLLOW THROUGH SELLING WERE DOWN ALMOST 26 CENTS. BUT INTERESTINGLY ENOUGH THAT RAIN IS STILL NOT ENOUGH TO MITIGATE THAT CROP DAMAGE. SO IT'S KIND OF A WONDER THAT MAYBE THE MARKETS HAVE BEEN A LITTLE BIT OVERBOUGHT ALTHOUGH IT'S STILL BEEN COMING DOWN FOR THE LAST COUPLE OF DAYS. THERE HAS BEEN SOME COMMERCIALS SELLING BUT YOU STILL HAVE TO WATCH OUT BECAUSE THEY'RE THE LONGS ARE STILL REMAINING. WE ALSO HAVE FELL DOUBLE DIGITS I MEAN IMPROVED WEATHER IN KANSAS DEFINITELY IS PRESSURING THE FUTURES. HOWEVER IT'S STILL DRY IN OKLAHOMA AND IN TEXAS AND IT SEEMS THAT THERE WAS SOME COMMERCIALS SELLING AND SOME BUREAUS BEARISH MOMENTUM HAS BEEN BUILDING SINCE MARCH 1ST. THAT BEING SAID IT'S STILL DRY WE DON'T KNOW EXACTLY WHAT THE CROP DAMAGE IS GOING TO BE IN THE SOUTH FOR THE WINTER WHEAT. WHEN THAT HAPPENS WE'LL BE ABLE TO GAUGE THAT A LITTLE BIT BETTER. THAT'S ALL FROM THE FLOOR OF THE SAME GROUP HERE IN CHICAGO AND VIRGINIA TOGEPI.

AGRIBUSINESS
THE SOYBEAN MARKET IS PRODUCING SOME STRONG TECHNICAL SIGNALS. TYNE MORGAN JOINS US ONCE AGAIN WITH TODAY'S ANALYSIS. TYNE. WELCOME BACK. HERE NOW WITH MIKE FLOREZ OF FLOREZ TRADING. MIKE WHEN WE LOOK AT THE SOYBEAN. I MEAN IT'S BEEN IMPRESSIVE TO WATCH SOYBEAN PRICES SO FAR THIS YEAR BUT WE'VE SEEN SOME RETRACEMENT. WE DON'T KNOW EXACTLY WHAT'S GOING TO HAPPEN WITH THE TRUMP ADMINISTRATION AND POSSIBLE RETALIATION ON SOYBEAN SHIPMENTS. YOU KNOW WE DON'T KNOW YET BUT IF YOU'RE A SPECULATOR IN THIS MARKET WHAT ADVICE DO YOU HAVE. WELL I AM A SPECULATOR AND I'M SHORT THE NOVEMBER SOYBEANS. WE'VE HAD AN 80 CENT MOVE UP SINCE MID-JANUARY. BASED UPON THE FUNDS BUYING TREMENDOUS AMOUNT OF SOYBEANS. NOW WE FIND OURSELVES IN THE LAST TWO WEEKS WE'VE PUT OPEN INTEREST UP ABOUT 10 PERCENT WHICH IS A HUGE AMOUNT OF CONTRACTS. SO TO ME THE MARKET IS A LITTLE BIT TOP HEAVY AND AS MARKETS START TO DECLINE IN PRICE A LOT OF THOSE LONGS THAT HAVE BEEN RECENTLY PURCHASED ARE NOW LOSERS. SO THE WAY IT LOOKS LIKE TO ME IS THAT WE ARE FORMING A TECHNICAL TOP CALLED A 1 2 3 TOP IN NOVEMBER BEANS DROP BELOW 10 24 THAT KIND OF CONFIRMS THE THE TOP IS IN FOR A WHILE. AND SO I THOUGHT WE WERE GOING TO DO IT TODAY BUT IT KIND OF RECOVERED I THINK WE'RE GOING TO GO DOWN PROBABLY SOMEWHERE AROUND THE 998 AREA BEFORE THE MARKET CAN REALLY FIND THEIR FOOTING AGAIN. IT'S GOING TO TAKE SOME TIME FOR THE MARKET TO GET RID OF ALL THIS MARKET LENGTH THAT IT HAS ACCUMULATED OVER THESE FEW WEEKS HERE.SO NEAR TERM I THINK YOU CAN BE SHORT NOV BEANS I THINK IS GOING TO GO TO TEN DOLLARS BEFORE IT GOES TO 10 50 K 1 2 3 TO EXPLAIN THE ONE POINT IS THE HIGH CONTRACT HIGH AND YOU GET A BREAK. OKAY AND GETTING THAT BREAK THEN THE MARKET BOUNCES BACK UP IT'S A LOWER HIGH. AND THEN WHEN THE MARKET COMES BACK DOWN IT TAKES OUT THAT INITIAL BREAK A LOWER LOW. THAT'S WHAT CONFIRMS THE THE PATTERN. SO A LOWER LOWER HIGH AND A LOWER LOW CONFIRMS A PATTERN I THINK THAT'S WE'RE RIGHT KIND OF THERE FOR HAD THAT TO OCCUR. SO NINE TWENTY OR TEN TWENTY FOUR IS THE MAGIC PRICE IN NOVEMBER BEANS. THANK YOU. WE APPRECIATE IT MIKE. LET'S TAKE A QUICK BREAK AND THEN WE'LL BE BACK WITH MORE AGDAY

WEATHER
WELCOME BACK DAG AGERE METEOROLOGIST MIKE HOFFMAN MIKE LOOKS LIKE ANOTHER BIG STORM MOVING UP THE EAST COAST. YEAH IT REALLY DOES. BY THE WAY BEFORE WE GET TO THE WEATHER WHAT'S WITH THE CLARK KENT YOU KNOW THE GLASSES. WELL I WAS COACHING MY SON'S BASEBALL TEAM AND I GOT HIT RIGHT HERE FACE WITH A BASEBALL OVER THE WEEKEND. THAT'S A PRETTY GOOD SHINER SO GLASSES IT IS. AND A LITTLE MAKEUP AND A LITTLE MAKEUP TO TRY TO HIDE IT. I'LL LET YOU DO WEATHER. ALL RIGHT LET'S GET TO THE MAP AND YEAH YOU WERE TALKING ABOUT THAT BIG STORM IN THE EAST ONCE AGAIN. AND AS YOU CAN SEE IT'S ANOTHER MESSY STORM FOR PARTS OF THE OHIO VALLEY TENNESSEE VALLEY AND THAT'S GOING TO MOVE EASTWARD AND THEN UP FOR PARTS OF THE EAST COAST. YOU CAN ALSO SEE TWO STORM SYSTEMS OFF TO THE WELL OFF OF THE WEST COAST WHICH ARE GOING TO BE COMING INLAND AS WELL OVER THE NEXT TWO TO THREE DAYS WEEKS SYSTEM MOVING THROUGH THE MIDDLE OF THE COUNTRY REALLY WON'T AMOUNT TO TOO MUCH. SO LET'S PUT THE MAPS INTO MOTION YOU CAN SEE THIS STORM SYSTEM HEADS FOR EASTERN NORTH CAROLINA. BUT OF COURSE THE ACTIVE WEATHER IS ALWAYS NORTH OF THE AREA OF LOW PRESSURE WHEN YOU'RE TALKING IN WINTRY WEATHER. AND THAT'S WHY WE'RE LOOKING AT SNOW ACROSS OHIO PENNSYLVANIA. THERE'LL BE SOME ICE IN BETWEEN THE SNOW AND THE RAIN THOUGH AS WE AS WE HEAD THROUGH TIME AND LOOK AT THE RAIN EVEN INTO CENTRAL AND SOUTHERN CALIFORNIA WITH THAT SOUTHWEST SYSTEM HEADING THROUGH THE NIGHTTIME HOURS.TONIGHT THE SNOW REALLY PICKS UP ALL THE WAY BACK INTO KENTUCKY AS THE COLDER AIR STARTS TO COME IN AND IS GOING TO BE SNOW AND ALL THE WAY SOUTHWARD IN THE NORTH CAROLINA ONCE AGAIN WITH THIS STORM SYSTEM AND THEN HEADING THROUGH THE DAY TOMORROW WE'LL START TO HEAD TOWARD THE NORTHEAST SO HOW FAR INLAND THIS GOES FROM NEW YORK INTO THE BOSTON AREA. KIND OF TOUGH TO TELL RIGHT NOW BUT IT'S GOING TO BE A PRETTY POWERFUL STORM ONCE AGAIN FOR SOME AREAS THAT HAVE BEEN HIT TWO OR THREE TIMES ALREADY. AND THOSE TWO STORM SYSTEMS ONE IN WESTERN CANADA ONE IN THE WESTERN U.S.. HIGH PRESSURE THOUGH IN-BETWEEN GIVING SOME PRETTY NICE WEATHER PRECIPITATION THAT'S SPREAD OVER THE PAST 24 HOURS MOST OF IT FROM ST. LOUIS ALL THE WAY DOWN INTO FLORIDA TO THE SOUTHEAST COAST HEADING THROUGH THE NEXT 36 HOURS. WE'RE GOING TO ADD MORE OBVIOUSLY IN THE MID-ATLANTIC ESPECIALLY AND A FAIR AMOUNT IN PARTS OF CALIFORNIA OTHER PARTS OF THE WEST AS WELL. SNOWFALL ESTIMATES PAST 24 HOURS MOST OF IT. THEY'RE PRETTY CLOSE TO THE NATION'S CAPITOL AS YOU CAN SEE THE HIGHER ELEVATIONS GENERALLY WEST OF THERE ESPECIALLY WHEN WE ADD IN THE NEXT 36 HOURS WE'RE GOING TO HAVE SOME HUGE AMOUNTS IN THAT D.C. AREA BUT ESPECIALLY WESTWARD WHERE THE ELEVATIONS A LITTLE BIT HIGHER AND WE'LL HAVE SOME DECENT AMOUNTS HIGHEST ELEVATIONS OUT WEST.HIGH TEMPERATURES TODAY PRETTY CHILLY THROUGH THE MIDDLE OF THE COUNTRY LOTS OF 30S AND 40S 60S BY THE TIME WE GET TO THE GULF COAST LOWS TONIGHT GOING TO DROP OFF INTO THE TEENS AND 20S NORTH 30S THROUGH A GOOD CHUNK OF THE MIDDLE OF THE COUNTRY MEANING SEE TOMORROW STARTS TO WARM UP AGAIN IN PARTS OF TEXAS. BUT COLD ON THE COAST FOR AT LEAST FOR THIS TIME OF THE YEAR. THAT'S BECAUSE OF THE JET STREAM SHOWING A TROUGH IN EAST TROUGH IN THE WEST BUT IT'S SHOWING SOME CHANGES PERHAPS AS WE HEAD INTO NEXT WEEK. WE KIND OF GET RID OF THAT TROUGH IN THE WEST SO MAYBE WE'LL GO INTO A LITTLE BIT OF A DIFFERENT PATTERN HERE OVER THE NEXT 10 DAYS OR SO. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS TAKING A LOOK AT OGDEN UTAH MOSTLY CLOUDY AND MILDER. HIGH TEMPERATURE OF 55. MEMPHIS TENNESSEE CHILLIER WITH A SHOWER TO HIGH OF 51. AND I GUESS DEMAINE SUNSHINE NOT AS COLD TODAY. HIGH AROUND 35 DEGREES.

 

OUR DAIRY REPORT IS NEXT...INCLUDING A LOOK AT THE LATEST PROGRESS ON A NEW GUEST WORKER PROGRAM.AND LATER A MESSAGE FROM SECREATRY SONNY FOR NATIONAL AG DAY.

DAIRY REPORT
IN OUR DAIRY REPORT, SEVERAL WEEKS AGO GETTING IMMIGRATION LEGISLATION THROUGH CONGRESS SEEMED LIKE A LOCK FOR 2018.SINCE THEN, A SUPREME COURT RULING-- HAS EASED PRESSURE ON GETTING A DACA DEAL DONE AND IN TURN, A NEW AGRICULTURAL GUEST WORKER PROGRAM.BUT BILL AUTHOR, VIRGINIA REPRESENTATIVE BOB GOODLATTE CONTINUES TO MOVE FORWARD THE  LEGISLATION HOPING TO GET IT PASSED SOON. THIS IS THE ONLY BILL THAT HAS ADDRESSED THIS WHOLE IMMIGRATION ISSUE. THE DACA ISSUE IN A LONG TIME THAT ADDRESSES THIS FARM LABOR PROBLEM AND IT MAY BE THE ONLY OPPORTUNITY IN A GENERATION TO DO SO IF WE MISS THIS OPPORTUNITY. SO WE NEED TO PASS THIS BILL THROUGH THE HOUSE SENATE OVER TO THE SENATE. THE SENATE MAY TAKE A DIFFERENT APPROACH BUT THAT'S THAT'S FINE. THEN WE CAN WORK OUT THE DIFFERENCES AND I'LL BE FIGHTING HARD TO MAKE SURE THAT THIS PROGRAM IS INCLUDED IN ANY FINAL RESOLUTION THAT WE SEND TO THE PRESIDENT'S DESK FOR SIGNATURE. REPRESENTATIVE GOODLATTE SAYS HIS GUEST WORKER BILL CONTINUES TO EVOLVE AS THEY SPEAK WITH FARMERS.YOU WON'T WANT TO MISS ALL OF HIS COMMENTS ON THIS TOPIC.TO SEE THE FULL INTERVIEW GO TO AGWEB DOT COM. ALSO IN WASHINGTON, ANOTHER LAWMAKER SAYS SHE HAS A SOLUTION TO HELP BOOST MILK PRICES- THE IDEA JUST NEEDS TO BE PASSED INTO LAW.SENATOR KIRSTEN GILLIBRAND OF NEW YORK IS PROPOSING THE 'DAIRY FARM SUSTAINABILITY ACT' WHICH COULD ESTABLISH A PRICE FLOOR FOR MILK. HER BILL WOULD SET A PRICE FLOOR AT 23-34 A COULD RECEIVE 45 PERCENT OF THE DIFFERENCE BETWEEN THE MILK PRICE FLOOR AND CURRENT ALL-MILK PRICE. ONELAWMAKER SAYS SHE HAS A SOLUTION TO HELP BOOST MILK PRICES- THE IDEA JUST NEEDS TO BE PASSED INTO LAW.SENATOR KIRSTEN GILLIBRAND OF NEW YORK IS PROPOSING THE 'DAIRY FARM SUSTAINABILITY ACT' WHICH COULD ESTABLISH A PRICE FLOOR FOR MILK. IT'S SIMILIAR TO PROGRAMS WHICH ALREADY EXIST IN USDA LIKE THE PRICE LOSS COVERAGE SAFETY-NET. HER BILL WOULD SET A PRICE FLOOR AT 23-34 A HUNDREDWEIGHT AND ADJUSTS WITH INFLATION. FARMERS COULD RECEIVE 45 PERCENT OF THE DIFFERENCE BETWEEN THE MILK PRICE FLOOR AND CURRENT ALL-MILK PRICE. GILLIBRAND WANTS THE ACT TO BE INCLUDED AS A PROVISION IN THE NEW FARM BILL. SHE SAYS DAIRY FARMS COULD STILL PARTICIPATE IN THE MARGIN PROTECTION PROGRAM SAFETY-NET AS WELL.

TEASE
WHEN WE COME BACK, A SPECIAL NATIONAL AG DAY MESSAGE FROM USDA.

IN THE COUNTRY
TODAY MARKS THE 45THANNUAL NATIONAL AG DAY, A DAY SET ASIDE TO PRAISE OUR FARMERS, RANCHERS AND GROWERS WHILE WE SHARE THE MESSAGE OF WHERE OUR FOOD COMES FROM IN HOPES OF BRIDGINGTHE DIVIDE BETWEEN THE PUBLIC AND AG. FOR MOST OF YOU, LIKE US, EVERY DAY IS AG DAY, NONETHELSS, AG. SECRETARY SONNY PERDUE SHARING THIS APPRECIATION FOR FARM COUNTRY AND ALL YOU DO."HELLO EVERYONE, I'M SECRETARY SONNY PERDUE AND AS YOU KNOW, THIS IS MY FIRST NATIONAL AG DAY BEING SECRETARY OF AGRICULTURE. I'M THRILLED WE HAVE A DAY, REALLY A WHOLE WEEK, WHERE WE CAN CELEBRATE THE BOUNTY OF THE AMERICAN HARVEST. FOR THE PAST 45 YEARS, NATIONAL AGDAY HAS PLAYED A KEY ROLE TO HELP PEOPLE UNDERSTAND WHERE THEIR FOOD AND FIBER COMES FROM AND HOW IMPORTANT AGRICULTURE IS TO OUR NATIONAL ECONOMY. FARMERS,  RANCHERS AND PRODUCERS FROM ALL ACROSS AMERICA ARE FEEDING AND CLOTHING THE WORLD AND IT'S IMPORTANT TO NEVER FORGET THAT. OUR INFORMAL MOTO HERE AT USDA IS "DO RIGHT AND FEED EVERYONE." I THANK EACH AND EVERY ONE OF YOU FOR ALL OF THE WORK YOU DO TO ACHIEVE THIS GREAT MISSION. SO ENJOY YOUR DAY AND GOD BLESS."OF COURSE WE COULDN'T AGREE MORE.

CLOSE
THANKS FOR ALL OF YOUR HARD WORK AND JOIN US AGAIN TOMORROW.FOR MIKE HOFFMAN, AND ALL OF US AT AGDAY. I'M CLINTON GRIFFITHS. HAVE A GREAT DAY.

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