AgDay Daily Recap -May 16, 2018

May 16, 2018 02:57 AM
 
AgDay

TODAY ON AGDAY
MAY 16, 2018

HEADLINES

CAN THE U-S AND CHINA FIND COMMON GROUND  IN TRADE TALKS?   AND WHAT ABOUT NAFTA?  CAN NEGOTIATORS BEAT THE CLOCK? U-S AG EAGERLY WATCHES. GAUGING THE PACE OF PLANTING 2018. "I'M BETSY JIBBEN.OUR I-80 TOUR THIS WEEK TAKES US TO EAST CENTRAL ILLINOIS WHERE CORN IS  EMERGING IN THE FIELD." FARM BILL TALKS HIT A CRITICAL INTERSECTION....WE'LL HEAR FROM THE KEY  LEGISLATIVE DRIVER. MARIJUANA GROWERS LEARN THE ECONOMICS LESSON OF SUPPLY AND DEMAND. AGDAY - BROUGHT TO YOU BY THE CHEVY SILVERADO, THE MOST DEPENDABLE, LONGEST-LASTING FULL  SIZE PICKUPS ON THE ROAD. 

TAKING AG OUT OF TRADE CROSS HAIRS
GOOD MORNING I'M CLINTON GRIFFITHS. CHINESE AND U.S. LEADERS ARE MEETING IN WASHINGTON THIS WEEK TO ON A  DEAL THAT COULD TAKE U.S. FARM GOODS OUT OF THE RETALIATORY CROSS- HAIRS. CHINA'S VICE-PREMIER ARRIVING IN THE U.S. FOR MULTIPLE DAYS OF TRADE  TALKS. HE'LL MEET WITH U.S. TRADE OFFICIALS INCLUDING TREASURY SECRETARY  STEVEN MNUCHIN. REPORTS ARE ALREADY SWIRLING ABOUT A POTENTIAL TRADE DEAL THAT  INCLUDES CHINA PULLING BACK ON EXISTING TARIFFS ON PORK AND SORGHUM  AND ENDING ITS THREATENED SANCTIONS ON OTHER PRODUCTS, LIKE  SOYBEANS.  THE DEAL LIKELY IN EXCHANGE FOR THE U.S. REMOVING SANCTIONS IMPOSED  ON CHINESE PHONE COMPANY ZTE FOR SELLING EQUIPMENT TO IRAN. "CHINA HAS ENGAGED IN DECADES OF UNFAIR TRADE PRACTICES, FORCED TECHNOLOGY TRANSFERS,  AND THE LIKE. THAT WAS PART OF THE DISCUSSION THAT WENT ON, YOU KNOW WHEN THE U.S. DELEGATION, OR U.S. GROUP OF ADMINISTRATION OFFICIALS WENT TO CHINA, AND THAT'S GOING TO BE  CONTINUED CONTINUED LATER THIS WEEK." 

NAFTA RENEGOTIATIONS
TRADE LEADERS ALSO PUSHING HARD TO WRAP UP A RENEGOTIATED NAFTA THIS  WEEK. PRESIDENT TRUMP AND CANADIAN PRIME MINISTER JUSTIN TRUDEAU SPEAKING  BY PHONE MONDAY..DISCUSSING THE POSSIBILITY OF BRINGING NAFTA TALKS TO  A QUOTE "PROMPT CONCLUSION." PRESSURE IS MOUNTING AS HOUSE SPEAKER PAUL RYAN LAST WEEK SET A  DEADLINE OF MAY 17TH IN ORDER TO GET NAFTA THROUGH THE CURRENT  SESSION OF CONGRESS.

FARM BILL
FARMERS AND RANCHERS SHOULD KNOW MORE DETAILS ON THE HOUSE  VERSION OF THE FARM BILL LATER TODAY. THE HOUSE RULES COMMITTEE OPENING TWO DAYS OF MEETINGS TO DECIDE  WHICH AMENDMENTS WILL MAKE IT TO THE FLOOR FOR DEBATE.   MORE THAN 100 AMENDMENTS WERE FILED...INCLUDING MULTIPLE THAT TARGET FARM SAFETY NET PROGRAMS. THE BILL IS EXPECTED TO BE DEBATED ON THE FLOOR THURSDAY AND FRIDAY. HOUSE AG COMMITTEE CHAIR MIKE CONAWAY IS CERTAIN HE HAS THE VOTES IF  THE AMENDMENTS DON'T SINK THE BILL...ESPECIALLY ONE REGARDING SUGAR. "IT JUST SO HAPPENS THAT THAT SUGAR IS HAS A DIFFERENT STRUCTURE FOR A SAFETY NET. WE CAN BREAK SUGAR BACK UNDER TITLE 1 BUT THAT'S BILLIONS OF DOLLARS OF NEW SPENDING THAT WE DON'T HAVE. SO THAT THE BEAUTY OF THE ELEGANCE OF THE SUGAR PROGRAM AS IS IS EXCEPT WHEN NATIONS CHEAT AND DUMP MARKETS DUMP SUGAR IN OUR MARKET AT BELOW THE COST OF PRODUCTION THEN YOU KNOW THERE'S NO COST TO THE TAXPAYER."

I-80 PLANTING TOUR
THE I-80 PLANTING TOUR - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL.  AFTER A COUPLE WEEKS OF DECENT WEATHER, FARMERS HAVE MADE BIG PROGRESS WITH SPRING PLANTING. CHECKING THE PROGRESS ALONG THE MIDWEST PORTION OF INTERSTATE 80.... WE START WITH THE BIGGEST CORN PRODUCER - IOWA. 65-PERCENT OF THE  STATE'S CORN IS PLANTED, A 25 POINT GAIN IN ONE WEEK. BUT IT'S STILL BEHIND  AVERAGE. THREE QUARTERS OF NEBRASKA CORN IS IN - 30 POINTS BETTER THAN LAST  WEEK. THOSE ARE SIMILAR NUMBERS IN INDIANA. AFTER A SLOW START IN OHIO, BETTER THAN HALF OF THE CORN IS NOW IN.   ALSO A 30 POINT IMPROVEMENT. ILLINOIS FARMERS HAVE NEARLY COMPLETED CORN PLANTING. AS OF MONDAY  90-PERCENT IS IN THE GROUND - THAT'S 20 POINTS AHEAD OF THE FIVE YEAR AVERAGE. NOT ONLY IS MOST OF THE ILLINOIS CORN CROP BUT IT'S EMERGING FAST TOO.  63 PERCENT OF THE CORN CROP IS SPROUTING OUT OF THE GROUND, 22 POINTS ABOVE THE 5-YEAR AVERAGE. 24-PERCENT OF SOYBEANS HAVE EMERGED. BETSY JIBBEN TAKES US TO EAST  CENTRAL ILLINOIS WHERE FARMERS AREN'T WAITING TO PLANT, ESPECIALLY  WHEN IT COMES TO SOYBEANS.  "CLINTON, FARMERS WE TALKED WITH IN EAST CENTRAL ILLINOIS ARE DONE PLANTING FOR THE YEAR, BUT  WE CAUGHT UP WITH THEM THEIR LAST DAY IN THE FIELD,"FIELDS ARE A HAZY SIGHT IN EAST CENTRAL ILLINOIS  AS PLANTERS CRISS CROSS FIELDS "OH GOOD, WE'RE RUNNING OUT OF SOYBEAN SEED, THIS IS PERFECT."WHAT'S  A BLUR IS THE AMOUNT OF TIME THESE FARMERS HAVE SPENT IN THE  FIELDS- TWO WEEKS, NEARLY NON-STOP.  "THESE TRACTORS WILL BE HOME AND PUT TO BED AT ABOUT 5 OR 6 THIS EVENING.""WE WILL FINISH UP THIS EVENING. MAYBE DUIRNG HTE NIGHT SOMETIME,"WHAT OCCURED ABOUT AS QUICKLY AS PLANTING FOR  DOUG KIRK AND DENNIS SMITH'S FIELDS  IS EMERGENCE. "SINCE THIS IS OUR LAST PLANTING DAY, I THINK EVERYTHING HAS FULL YIELD POTENTIAL THAT WE'RE  PUTTING INTO THE GROUND,""WE CAN FIND SEVERAL CASES WHERE MANY FAMRERS PLANTED SOYBEANS FIRST, DIDN'T JUST PLANT THEM FIRST BUT PUSHED HARDEST ON SOYBEANS UNTIL THEY WRAPPED THEM UP AND THEN TURNED AND  FOCUSED ON CORN.."TREND OR NOT, BIG SOYBEAN PROGRESS IS RELECTIVE IN THE USDA CROP PROGRESS REPORT.  66 PERCENT OF SOYBEAN ACRES HAVE BEEN PLANTED IN ILLINOIS- 42 POINTS ABOVE THE 5-YEAR AVERAGE.  24 PERCENT OF BEANS HAVE EMERGED, 18 POINTS ABOVE THE AVERAGE TOO.  "WE CAN GET AWAY WITH PLANTING BEANS EARLIER AND WE JUST SEE GREATER YIELD POTENTIAL.""WE SEE 80 BUSHEL BEANS ON OUR FARM EVERY YEAR NOW IN AT LEAST A COUPLE OF FIELDS AND A LOT  OF THAT WE REALIZED IS THE EARLIEST FARMS THAT WE PLANT."BUT BOTH FARMERS AREN'T NECESSARILY STRAYING AWAY FROM KING CORN..  THERE ARE OPPORTUNITIES. "WE ARE VERY FORTUNATE IN THIS NECK OF THE WOODS, WE HAVE SOME PROCESSORS, CORN MILLS AND  FRITO LAY IS A BIG USER OF CORN IN THE AREA,"KIRK GROWS FOR THE COMPANY, WHAT HE CALLS A CAFE OF CORN- A NICHE HE  FINDS HELPFUL FOR HIS OPERATION "WE SELL ALMOST ALL OF OUR CORN FOR FOOD GRADE, FRITO LAY IS OUR LARGEST BUYER."DIFFERENT FARMERS, DIFFERENT NICHES BUT THE SAME TIMELINE.  "WHEN YOU'RE YOUNG, EARLY 20S TO MID 20S, THOSE ALL NIGHTERS, 2  OR 3 DAYS IN A ROW. THAT'S  NOTHING. I STILL DO IT ONCE A YEAR TO KNOW THAT I CAN DO IT,""WELL, AS YOU GET OLDER, THE HUSTLE AND BUSTLE AND THE LONG HOURS WEAR ON YOU A LITTLE BIT.PUSHED BY THE RUSH OF PLANTING WHILE HOPING FOR A LONG AND STEADY  GROWING SEASON TO GET THESE PLANTS TO HARVEST.  REPORTING IN EAST CENTRAL, ILLINOIS, I'M BETSY JIBBEN  THANKS BETSY. KIRK SAYS THERE MAY BE MORE BEANS ON BEANS THAN CORN ON CORN IN HIS  AREA. THE WINTER WHEAT CROP CONTINUES TO MOVE TOWARD HARVEST. 

CROP COMMENTS
MIKE HOFFMAN HAS AN UPDATE IN THIS MORNING'S CROP COMMENTS. GOOD MORNING CLINTON. THE GARDEN CITY CO-OP SHARED THIS COMPOSITE PHOTO  WITH US ON TWITTER. THEY SAY ITS HARD TO UNDERSTAND THE CONDITION OF THE WHEAT CROP  FROM THE GROUND. THE TOP PICTURE IS AN IRRIGATED WHEAT CIRCLE IN THE PLYMELL AREA--THAT'S  ABOUT 12 MILES SOUTH OF GARDEN CITY.BELOW IS THE SAME FIELD FROM ABOUT 300 FEET IN THE AIR. FROM ABOVE YOU CAN SEE HOW THIN AND DRY THE STAND IS, EVEN IN AN  IRRIGATED FIELD. ONLY 15 PERCENT OF KANSAS WHEAT IS CONSIDERED GOOD TO EXCELLENT.  BETTER THAN HALF OF THE STATE'S CROP IS CALLED POOR TO VERY POOR. AND TAKING A LOOK AT THE SITUATION. THE WIND SPEED FORECASTING SEE VERY LITTLE THIS MORNING. THE WINDS DO PICK UP IN PARTS OF THE SOUTHWEST ESPECIALLY IN NEVADA SOUTHERN CALIFORNIA AND THEN HEADING INTO TOMORROW. TURNS A LITTLE BIT WINDY OR THROUGH PARTS OF THE PLAINS ESPECIALLY THE NORTHERN PLAINS EARLY IN THE DAY AND IN THAT KIND OF SPREAD THROUGH PARTS OF THE GREAT LAKES AND THE WEST CENTRAL PLAINS AS WELL. WE'LL HAVE YOUR FORECAST COMING UP. BUT FIRST HERE ARE SOME HOMETOWN TIP YOUR NEXT PIECE OF EQUIPMENT IS ON MACHINERY PETE DOT COM. SEARCH EQUIPMENT FROM  DEALERSHIPS ACROSS THE COUNTRY TO FIND WHAT YOU'RE LOOKING FOR. ONLY ON MACHINERY PETE DOT COM. 

TEASE
WHEN WE COME BACK, WE'LL TALK SOYBEANS, SOUTH AMERICA AND PRICE  POTENTIAL THIS GROWING SEASON. AND LATER, A GROWING INDUSTRY FEELS THE PAIN OF OVERSUPPLY IN OREGON.  BUT CAN THESE FARMERS FIND NEW PUFFS OF INSPIRATION FROM A COUSIN  CROP? AGDAY - BROUGHT TO YOU BY NEW DELARO FUNGICIDE FOR CORN AND SOYBEANS. ACHIEVE  PERSONAL BEST YIELDS. 

FLOOR OF THE CME
IN AGRIBUSINESS PLENTY OF PULLBACK IN COMMODITY MARKETS TUESDAY. LETS  GET DETAILS FROM THE FLOOR OF THE CME IN CHICAGO. WE'VE HAD A VERY MIXED TRADING SESSIONS THROUGHOUT THE DAY WITH SOYBEANS IN PARTICULAR WANTING TO MOVE LOWER WHEAT WANTING TO MOVE LOWER WHILE CORN SAYING FAIRLY STRONG AND ACTUALLY TRYING TO PUSH HIGHER ON THE DAY. WE HAD SOME NEWS TODAY WE HAD NO CRUSH COME OUT FOR SOYBEANS. IT WAS A RECORD CRUSH FOR THE MONTH A VERY STRONG CRUSH NUMBER WHICH IS POSITIVE FOR SOYBEAN DEMAND BUT IT MIGHT MEAN WE'RE MAKING TOO MUCH MEAL FOR THE MEAL DEMAND THAT WE HAVE RIGHT NOW AND IF THAT PUTS PRESSURE ON MEEHL SOYBEANS I THINK WE'LL FOLLOW. SO DO WATCH OUT FOR THAT. THAT IS A BIT OF A CONCERN OF OURS. PRESSURING THE CATTLE IS COMING FROM THE IDEA THAT CASH IS GOING TO SOFTEN. WE'VE PROBABLY SEEN OUR HIGH CASH PRICES AT LEAST FOR NOW AND WE ARE TRYING TO PUSH LOWER TO COME DOWN LEAVING THOSE CASH PRICES LOWER ONCE AGAIN THIS IS TED SEIFRED OF ZANER AG HEDGE COMING TO YOU FROM THE CME FLOOR. SOYBEAN PLANTING IS ROLLING ACROSS THE COUNTRY, IF THE ACRES GO IN,  

AGRIBUSINESS
WHAT DOES IT MEAN FOR PRICES? TYNE MORGAN JOINS US FROM THE AGRIBUSINESS DESK WITH MORE. HERE NOW WITH NAOMI BLOHM OF STEWART PETERSON. NAOMI LET'S GET TO THIS. SOYBEAN MARKET A  LITTLE BIT. YOU KNOW WE CONTINUE TO SEE UPDATED PROJECTIONS FROM SOUTH AMERICA IS BETTER THAN  WE EXPECTED WORSE THAN WE EXPECTED KIND OF WHERE DO WE SIT TODAY. THE BRAZIL CROP IS AS  BIG AS WHAT WE THOUGHT IT WOULD BE. AND SO THAT WASN'T REALLY A SURPRISE. WE KNEW THAT ALL WINTER LONG. BUT THE ARGENTINA CROP IS DEFINITELY SMALLER THAN IT WAS A YEAR AGO AND IT'S ABOUT  AS SMALL AS WHAT THE TRADE HAS BEEN ANTICIPATING IT TO BE. SO NOT A LOT OF FRESH NEWS THERE BUT  BECAUSE THAT ARGENTINA CROP WAS SO SMALLER THIS YEAR. THAT'S WHAT REALLY KEPT OUR MARKETPLACE SUPPORTED IN SPITE OF ALL OF THIS EXPORT DRAMA IN SPITE OF ALL OF THE TRADE TALK THAT  SMALLER SUPPLIES ARE COMING FROM ARGENTINA IS KEEPING THAT TREND AND TACKED ON THE BEANS.  AND WE KNOW THIS TIME OF YEAR SOME OF THE KEY BUYERS GO TO SOUTH AMERICA FOR EXPORT. IS  THERE ENOUGH THERE TO MEET SOME OF THAT TO ME OR DO YOU THINK WE'LL SEE MORE EXPORTERS COME TO THE US. I WOULD SAY FOR RIGHT NOW BRAZIL HAS ENOUGH TO SUPPLY WHAT'S NEEDED OUT  THERE. BUT YOU HIT THE NAIL ON THE HEAD. THIS IS THE TIME OF YEAR WHEN NORMALLY WE LOSE A BIG  CHUNK OF OUR MARKET SHARE BECAUSE IT'S SEASONALLY THE TIME OF YEAR WHEN IT WOULD HAPPEN. WHY NOT. WHEN BRAZIL IS HARVESTING EVERYTHING RIGHT NOW SO THEY HAVE SUPPLIES TO SEND OUT  TO THE WORLD SOMETHING THAT TO BE MINDFUL ABOUT THE BRAZIL MARKETPLACE IS THAT THE REALE KURDISH CURRENCY IS STILL VERY LOW. AND SO THOSE PRODUCERS ARE MAKING DECENT MONEY ON  SOYBEANS AND SO THERE MIGHT BE INCENTIVE FOR THEM TO PLANT EVEN MORE BEANS NEXT YEAR. BUT  WE HAVE TO GET THROUGH OUR SUMMER FIRST. THE TREND IS STILL UP FOR BEANS WERE WELL WELL- SUPPORTED FOR PRICES. THE USDA IS USING TREND LINE YIELDS OF ABOUT 48 AND A HALF WHICH IS A  LITTLE BIT LESS THAN LAST YEAR'S PRODUCTION. SO HERE WE SIT AND WAIT UNTIL SUMMER WEATHER. YOU KNOW THIS WEEK A LOT OF REPORTS AND LAST WEEK A LOT OF REPORTS HIT THAT CHINA HAD STOPPED  BUYING US BEANS AND YOU KNOW SOME OF OUR MAJOR EXPORTERS HAD SAID CHINA JUST WASN'T TAKING TAKING BEANS WHILE WE WORK OUT SOME OF THESE TRADE ISSUES MORE SO THAN NORMAL. I  MEAN WE TYPICALLY SEE CHINA BACK AWAY FROM FOR MORE PURCHASES RIGHT FROM FRESH  PURCHASES. THE FEAR AND THE OH MY GOODNESS BUTTON WOULD BE IS IF THEY CANCEL ANY OF THE PURCHASES THAT THEY'VE MADE. SO IF WE SEE ANY CANCELLATIONS A THAT STARTS TO SHIFT OUR SUPPLY  AND DEMAND NUMBERS. BUT AS LONG AS EVERYBODY GETS ALONG AND THEY'RE NOT DOING ANY  CANCELLATIONS THEN WE SHOULD WE HAVE SOME SMOOTH SAILING REALLY QUICKLY FOR US. THE IMPORTANT WHAT'S THE TIPPING POINT FOR YIELD. I WOULD SAY IF THE MARKETPLACE COMES IN BELOW  FORTY SIX THAT'S WHEN YOU START TO SEE THE MARKET PRICE WORK HIGHER BECAUSE THAT WOULD CUT  INTO THE NEXT STOCKS. ALL RIGHT NOW WE BLOOM WITH THAT. THANKS SO MUCH FOR JOINING US. LET'S  TAKE A QUICK BREAK AND THEN WE'LL HAVE MORE HERE ON AGDAY.

WEATHER
WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN LOOKING AT THE ROOT ZONE MOISTURE MAP AND MIKE I DON'T KNOW IF IT'S CAUSE FOR CONCERN JUST YET. I MEAN WE WE'RE STILL NOT IN THE HEART OF SOME YABUT MISSOURI CENTRAL MISSISSIPPI VALLEY. YOU CAN KIND OF SEE THOSE DRY POCKETS THERE JUST SEEM TO KEEP MISSING THE HEAVIEST PARTS OF THE RAIN. THESE AREAS HAVE HAD SOME SHOWERS AND THUNDERSTORMS OVER THE PAST COUPLE OF WEEKS BUT IT JUST KEEPS GETTING DRIER AND DRIER. SO OBVIOUSLY NOT ENOUGH AND NOT ENOUGH WIDESPREAD RAINS. WE'VE STILL HAD SOME HEAVY RAINS OVER PARTS OF THE TENNESSEE OHIO VALLEY EASTERN AND SOUTHERN GREAT LAKES BACK INTO PARTS OF NEBRASKA AS YOU CAN SEE THOSE WET AREAS THERE. NOW AS FAR AS THE REST OF THIS WEEK WE'RE GOING TO CONTINUE TO SEE THIS SYSTEM LADEN WITH TROPICAL MOISTURE BASICALLY IN THESE NORTHEASTERN GOFF THAT'S GOING TO COME UP INTO THE TENNESSEE VALLEY SO MOST OF THE SOUTHEAST IS GOING TO HAVE A FAIR AMOUNT OF RAIN OVER THE NEXT TWO TO THREE ADDITIONAL DAYS HERE YOU'VE ALREADY SEEN A FAIR AMOUNT. YOU CAN SEE AS WE HEAD THROUGH THIS AFTERNOON WE'LL ALSO SEE SOME AREAS OF SHOWERS AND THUNDERSTORMS CLOSE TO THE STATIONARY FRONT FROM ARKANSAS TO THE MID-ATLANTIC. HIGH PRESSURE THEN DOMINATING MOST OF THE NORTHERN PLAINS MOST OF THE GREAT LAKES. NEXT SYSTEM COMING IN OUT WEST WILL PRODUCE SOME RAIN SHOWERS MAINLY RAIN SHOWERS IN THE NORTHERN AND CENTRAL PORTIONS OF THE ROCKIES ALTHOUGH NOT REALLY INTO UTAH OR ANYTHING LIKE THAT. WE'RE TALKING MORE BACK INTO CENTRAL AND NORTHERN CALIFORNIA GETTING A FEW SHOWERS AS WE HEAD THROUGH THE AFTERNOON HOURS TOMORROW. THIS AREA OF LOW PRESSURE THEN LINKS UP WITH THE STATIONARY FRONT THAT WILL PROBABLY CAUSE IT TO KIND OF TURN TO THE EAST A LITTLE BIT AS WE HEAD TOWARD THE WEEKEND. SCUSE ME WITH SOME SHOWERS AND THUNDERSTORMS IN THOSE AREAS AS WELL. SO THE MOISTURE CONTINUES THERE AND A LITTLE BIT OF MOISTURE IN THE NORTHERN PLAINS WITH THAT NEXT SYSTEM. THERE'S THE PAST 24 HOURS ADDING IN THE NEXT 36 HOURS YOU CAN SEE PARTS OF FLORIDA PARTS OF THE SOUTHEAST AND UP WITH THAT TWO THREE FOUR OR FIVE INCHES OF RAIN. SO LOTS OF RAIN OUT OF THAT SYSTEM BECAUSE IT JUST HAS A WHOLE BUNCH OF TROPICAL MOISTURE. HIGH TEMPERATURES TODAY IN THE 80S THROUGH MOST OF THE PLAINS. PLEASANT GREAT LAKES IN THE NORTHEAST THERE'S A FEW 50S SHOWING UP IN NORTHERN MAINE MAY BE KIND OF ON THE COOL SIDE IN THE PACIFIC NORTHWEST AS WELL LOW TEMPERATURES TONIGHT. SO LOTS OF 50S AND 60S. NATIONWIDE ONLY THE FAR SOUTHEAST AND SOUTHERN TEXAS SEEING LOWS IN THE 70S AND MORE OF THE SAME TOMORROW IN FACT THE 80S START CREEPING UP TOWARD THE SOUTH WESTERN GREAT LAKES ONCE AGAIN FOR HIGH TEMPERATURES AND WE'RE SEEING SOME 90S SHOWING UP IN MANY PARTS OF CENTRAL TEXAS. THERE IS THE JET STREAM. YOU CAN SEE NOTHING REALLY STRONG OUT THERE. WE HAVE A LITTLE BIT OF A CUTOFF IN THE WEST AND A LITTLE BIT OF A RIDGE IN THE EAST A LITTLE BIT OF A TROUGH TRIES TO EVERYTHING'S KIND OF A LITTLE BIT YOU NOTICE A TROUGH MOVES INTO THE NORTHEAST FOR THE MIDDLE OF NEXT WEEK AND THAT WILL CUT OFF THERE IN THE SOUTHWEST. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL FORECASTS WE HAD DEVELOPED EL PASO TEXAS TODAY VERY HOT LOTS OF SUNSHINE HIGH OF 98 RHINELANDER WISCONSIN MOSTLY SUNNY AND VERY WARM HIGH OF 84. AND FINALLY CHARLOTTE NORTH CAROLINA SHOWERS AND A THUNDERSTORM AT TIMES HIGH 81.

TEASE
AN ORGANIC CHECKOFF PROGRAM IS SHUTTING DOWN. WE'LL TELL YOU WHY COMING UP ON THE PACKER TV. AND LATER, POT FARMS ARE BOOMING BUT PRICES ARE GOING BUST. SEE WHERE  THESE MARIJUANA GROWERS ARE TURNING WHEN WE COME BACK. 

PACKER TV
IN NEWS FROM OUR PARTNERS AT THE PACKER - THE AG DEPARTMENT IS  PUTTING PLANS FOR A NATIONAL CHECKOFF FOR ORGANIC PRODUCTS ON THE  BACKBURNER. USDA CITES THE LACK OF INTEREST FROM GROWERS AS THE REASON THEY'RE  ENDING THE RULE-MAKING PROCESS TO CREATE THE CHECKOFF PROGRAM. LIKE OTHER CHECKOFFS, PRODUCERS WOULD HAVE BEEN ASSESSED A FEE TO  PROMOTE THE INDUSTRY. THE ORGANIC TRADE ASSOCIATION - WHICH BACKED THE CHECKOFF PLAN - THINKS USDA'S READING OF UNCERTAIN SUPPORT IS "SIMPLY WRONG." O-T-A SAYS THEIR MEMBERS SUPPORTED THE CHECKOFF TWO-TO-ONE. THE PACKER SAYS THE SETBACK DOESN'T PRECLUDE ANOTHER PROPOSAL ON  THE CHECK-OFF PROGRAM. SOME MIXED-UP WEATHERN PATTERNS MAY TAKE A BITE FROM THE CALIFORNIA CHERRY CROP THIS YEAR WHICH IS NOW GETTING UNDERWAY. THE STATE FARM BUREAU SAYS SPRING-LIKE WEATHER DURING WINTER, FOLLOWED BY WINTRY WEATHER IN THE SPRING, CONSPIRED TO REDUCE THIS  YEAR'S CHERRY CROP IN CALIFORNIA. PICKERS HAVE STARTED IN THE SOUTHERN SAN JOAQUIN VALLEY. FARMERS ARE  REPORTING LESS FRUIT ON THEIR TREES. FREEZING TEMPERATURES AT BLOOM APPEAR TO HAVE HAD THE BIGGEST  IMPACT. THOUGH YIELDS ARE DOWN,  FRUIT QUALITY IS DESCRIBED AS "GOOD." 

TEASE
WHEN WE COME BACK, POT FARMERS IN OREGON LEARN ABOUT SUPPLY  DEMAND AND WHERE TO CASH IN. 

IN THE COUNTRY
IN THE COUNTRY - SPONSORED BY KUBOTA. TRACTORS, HAY TOOLS, UTILILTY VEHICLES, MOWERS AND  MORE. VISIT KUBOTA.COM TODAY WE'VE WITNESSED THE BIRTH OF A NEW CASH CROP IN RECENT  YEARS....MARIJUANA...NOW LEGAL IN SEVERAL STATES HAS HELPED NEW FARMS  TO SPROUT AND GROW. BUT IN OREGON, THIS NEW INDUSTRY IS LEARNING ABOUT THE ECONOMICS OF  SUPPLY DEMAND. AS GILLIAN FLACCUS REPORTS, FUTURE HARVESTS MAY FOCUS MORE ON THE  BY-PRODUCTS AND CO PRODUCTS OF HEMP RATHER THE HIGH OF MARIJUANA. THIS SPUTTERING ORANGE GOO … S TURNING OUT TO BE LIQUID GOLD FOR THE CANNABIS INDUSTRY IN OREGON. THIS IS THE FIRST STEP TO HARVESTING CANNABIDIOL – OR C-B-D -- OIL. AN IN-DEMAND EXTRACT OF THE HEMP PLANT -- A COUSIN OF MARIJUANA -- THAT CAN SELL FOR MORE THAN $10,000 PER KILOGRAM. "YOU NAME IT, SOMEBODY'S PUTTING CBD INTO IT." C-B-D OIL IS POPPING UP IN EVERYTHING FROM DOG TREATS TO CHOCOLATE  BARS TO LOTIONS … PATRONS AT THIS BAR IN LOS ANGELES CAN EVEN ORDER DRINKS WITH C-B-D. A SURPLUS OF MARIJUANA IN OREGON HAS DRIVEN POT PRICES TO RECORD  LOWS. AND NOW, MANY ONE-TIME MARIJUANA GROWERS ARE PIVOTING TO HEMP FOR  THE MONEY THAT CAN BE MADE IN HEMP-DERIVED C-B-D… WHICH DOESN'T COME WITH A HIGH. SETH CRAWFORD BREEDS HEMP PLANTS THAT HAVE A STRONG CONCENTRATION  OF CBD. AND SELLS THE SEEDS TO FARMERS FOR AS MUCH AS $1 EACH. HE SAYS THE DEMAND IS STAGGERING. "BEING NON-PSYCHOACTIVE AND YET STILL PROVIDING PALLIATIVE CARE MAKES IT A VERY INTERESTING  SUBSTANCE. PEOPLE ARE MUCH MORE WILLING TO TRY IT." PROPONENTS SAY C-B-D CAN HELP WITH EVERYTHING FROM ANXIETY TO  CHRONIC PAIN … THE F-D-A IS EXPECTED TO APPROVE THE FIRST DRUG DERIVED FROM C-B-D FOR TREATMENT OF EPILEPSY NEXT MONTH. BUT OTHER CLAIMS HAVE NOT BEEN SUBSTANTIATED AND EXPERTS CAUTION  THAT LITTLE IS KNOWN ABOUT ITS EFFECTS ON HUMANS. "BELIEVE IT OR NOT, CANNABIDIOL IS STILL CONSIDERED A SCHEDULE 1 SUBSTANCE AND SO IT'S VERY  DIFFICULT TO STUDY IT IN A RESEARCH OR UNIVERSITY SETTING." BUT THAT ISN'T STOPPING OREGON'S POT PIONEERS FROM GOING ALL IN ON  HEMP. LICENSES TO GROW HEMP HAVE INCREASED MORE THAN TWENTY-FOLD SINCE 2015. LOREN KRUESI DECIDED TO OPEN A CBD-ONLY SHOP NEXT DOOR TO HIS  MARIJUANA STORE AFTER SALES DROPPED … AND WILL GROW 17 ACRES OF HEMP THIS SUMMER ON HIS FAMILY FARM."FOR BEING PART OF THE SYSTEM THAT WE CAME FROM, WE WERE GROWING 140, 150 PLANTS AND IT  WAS EXCITING, BUT AT THIS POINT WE'VE GOT TO LOOK AT THIS NEW PIECE – AND WE REALLY BELIEVE THAT  THIS IS IT." A COMPLEX CANNABIS LANDSCAPE DRIVING INTEREST IN HEMP EVER HIGHER. GILLIAN FLACCUS, ASSOCIATED PRESS, OREGON 

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR BETSY, TYNE AND MIKE . I'M CLINTON GRIFFITHS. HAVE A GREAT DAY. 

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