USFR Weekly Recap - April 1-2, 2017

April 1, 2017 03:30 AM
 
USFR_Logo

TODAY ON U.S. FARM REPORT
APRIL 1-2, 2017


HEADLINES
WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN,  AND HERE'S WHAT WE'RE WORKING ON FOR YOU OVER  THE NEXT 60 MINUTES. THE ACREAGE BATTLE SHAKING UP THE MARKETS, AS  USDA GIVES US OUR FIRST LOOK AT HOW ACREAGE  COULD PLAY OUT THIS YEAR.  COTTON IS CAPTURING ATTENTION THIS YEAR, WITH  ACRES EXPECTED TO CLIMB.. < THE PRICE OF COTTON IS STILL NOT A DRIVING POINT, BUT IT'S THE LESSER  OF ALL THE EVILS> WHY ARE MORE FARMERS TURNING TO COTTON?  THAT'S OUR FARM JOURNAL REPORT.  AND ANDREW MCCREA TAKES US ON A TRIP TO TASTE  SOME OF HTE FINEST CHOCOLATES IN TEH WORLD...  MADE IN TEXAS.  INSTEAD OF CANVAS AND PAINT IT WAS CHOCOLATEAND HIS ART IS MADE WITH ONLY FRESH AND  LOCAL INGREDIENTS.  AND IN JOHN'S WORLD "DATA SECURITY, HOW CONCERNED SHOULD WE BE?"   <U.S. FARM REPORT - BROUGHT TO YOU BY THE DEPENDABLE, LONG  LASTING, CHEVY SILVERADO.>

USDA REPORT
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS  WEEK, THE HIGHLY ANTICPATED USDA PLANTING  INTENTIONS REPORT SHAKING UP THE MARKETS  FRIDAY.  USDA THINKS FARMERS WILL PLANT MORE CORN THAN  SOYBEANS THIS YEAR. TEH PROSPECTIVE PLANTINGS REPORT POINTING TO 4  PERCENT LOWER CORN ACRES THSI YEAR, RIGHT AT 90  MILLION. SOYBEAN ACRES SEEING A MAJOR SHIFT, UP 7  PERCENT TO 89 POINT 5 MILLION ACRES. BUT IT'S COTTON THAT SEEMS TO BE THE SHINING  STAR. USDA THINKS COTTON ACRES COULD LEAP 21  PERCENT THIS YEAR, TO HIT 12 POINT 2 MILLION ACRES. AND AS ANTICIPATED, USDA POINTING TO A DROP IN ALL WHEAT ACRES, WITH PLANTINGS PROJECTED AT 46.1  MILLION. THAT'S AN 8 PERCENT DROP AND THE LOWEST  ACRES SINCE 1919.  AND USDA HAD A DOUBLE WHAMMY FRIDAY, ALSO  RELEASING GRAIN STOCKS SHOWING BEARISH  NUMBERS WITH RISING STOCKPILES. USDA SAYS CORN STOCKS ARE 10 PERCENT HIGHER  THAN A YEAR AGO. SOYBEAN STOCKS ARE UP 13  PERCENT FROM LAST YEAR. BUT STOCKPILES OF  WHEAT LOOK MASSIVE, WITH A 21 PERCENT JUMP OVER  2016. 

HOG AND PIG REPORT
THE NATION'S HOG HERD CONTINUES TO CLIMB, BUT IT  APPEARS EXPANSION IS SLOWING.  IN THE QUARTERLY HOGS AND PIGS REPORT OUT  THURSDAY, USDA CONFIRMING THE HERD IS  EXPANDING, WITH INVENTORY OF ALL HOGS AND PIGS  HITTING 71 MILLION HEAD, THAT'S UP 4 PERCENT FROM  LAST YEAR, BUT DOWN 1 PERCENT FROM WHEN USDA  RELEASED THE LAST QUARTERLY REPORT IN  DECEMBER.    BREAKING IT DOWN, BREEDING INVENTORY NUMBERS  ARE ONE PERCENT ABOVE A YEAR AGO AT JUST OVER 6  MILLION HEAD.  AND MARKET HOG NUMBERS REACHING 64 POINT 9  MILLION HEAD, UP 4 PERCENT FROM LAST YEAR, BUT  DOWN 1 PERCENT FROM LAST QUARTER. 

BRAZIL MEAT
BRAZIL ORDERING THREE MORE FOOD PROCESSING  PLANTS TO SUSPEND PRODCUTION THIS WEEK. THAT'S AS AN INVESTIGATION IS UNDERWAY ABOUT  ALLEGED CORRUPTION IN BRAZIL'S MEAT INDUSTRY. BRAZIL IS THE WORLD'S LARGEST BEEF EXPORTER AND  MEAT COMPANIES THERE ARE SUSPECTED OF BRIBING  INSPECTORS AND POLITICIANS TO OVERLOOK  UNSANITARY PRACTICES.  BRAZIL ORDERING THE TEMPERORARY CLOSURE OF 6  OF THE 21 FOOD PROCESSING PLANTS UNDER  INVESTIGATION BY POLICE. THIS IS HAPPENIGN HAS BRAZIL IS EXPERIENCING ITS  WORST RECESSION ON RECORD. 

PERU RAIN
AND IN PERU,  HEAVY RAINS AND FLOODS IN PERU ARE MAKING LIFE  PRETTY TOUGH FOR PEOPLE AND LIVESTOCK ALIKE. CATTLE RANCHERS ACCUSE THE GOVERNMENT OF NOT  PROVIDING AID AND SUPPORT. IN ONE OF PERU'S MAJOR CATTLE RANCHING SECTORS,  CATTLE COULD BE SEEN STANDING IN MUCKY WATERS  AND THICK MUD. THE MILK PRODUCERS' ASSOCIATION SAID THE STORMS  HAVE AFFECTED 37 PERCENT OF DAIRY PRODUCERS IN  PERU, INCLUDING CATTLE RANCHERS.

MEXICO NEW TRADE AGREEMENTS
MEXICO IS TRYING TO FIND NEW WAYS TO BUY CORN  FROM OTHER MARKETS. THE LATEST IS WRITING NEW TRADE AGREEMENTS TO  GIVE BRAZIL AND ARGENTINA DUTY-FREE ACCESS TO  THE MEXICAN CORN MARKET.  MEXICO IS THE WORLD'S BIGGEST BUYER OF U.S. CORN. THE COUNTRY CURRENTLY IMPORTS 98 PERCENT OF  ITS CORN FROM THE U.S. AND TOTAL U.S. FARM SALES  TO MEXICO WERE WORTH AN ESTIMATED $17 POINT 7  BILLION LAST YEAR.  

WEATHER
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH WEATHER... MIKE, SOME  NICE RAIN SHOWS ACROSS MUCH OF THE COUNTRY  THIS WEEK, INCLUDING IN AREAS THAT NEEDED THE  MOISTURE.  THANKS TYNE YEAH WE'VE HAD SOME DECENT RAINS AND WE HAVE  SOME MORE AS WE HEAD INTO THIS WEEK WILL GET TO THAT MOMENT SO  DROP MARTIN TAKES A WHILE THE CHANGE IN HIM SEE THE CURRENT ONE  STILL SHOWING SOME OF THOSE AREAS OF DROUGHT IN THE SOUTHEAST IN  THE SOUTH CENTRAL PLAINS THIS IS BACK A MONTH THAN SO LET 'S SEE  HOW IT HAS CHANGED OVER THAT LAST MONTH YOU CAN SEE SOME  CHANGES HERE AND THERE THE YEAR THE AREA HAS EXPANDED A LITTLE  BIT BUT SOME OF THE WORST AREAS OF THAT WILL BETTER AND I THINK WE  WILL SEE THINGS IMPROVE OVER THE NEXT COUPLE OF DROUGHT MONITORS THE NEXT COUPLE OF WEEKS AND HERE 'S WHY WE HAVE ANOTHER  WET STORM SYSTEM MOVING THROUGH THE EASTERN THIRD OF THE  COUNTRY IS WE START THIS COMING WEEK WITH A FAIR AMOUNT OF RAIN IN  THE SOUTHEAST THIS COULD HAVE SEVERE WEATHER WITH THAT AS WELL SECONDARY STORM SYSTEM AND WILL BE DIVING INTO THE MIDDLE OF THE  COUNTRY AS WELL THAT WILL BE CAUSING SOME RAIN AND MOUNTAIN  SNOWS IN THE WESTERN SECTIONS BY WEDNESDAY THEN THAT FIRST  SYSTEM IS ALREADY LONG GONE THE ONE OVER THE ROCKIES IS NOW  MOVING THROUGH THE GREAT LAKES WITH A COLD FRONT DOWN INTO THE  SOUTHEAST MORE SHOWERS AND MORE THUNDERSTORMS IN THE WARM SECTOR THERE  AND A LITTLE BIT A CELL IN THE NORTHWEST FRIENDS THAT WE GET A BREAK  LIKE THAT NOTHING GOING ON THIS STORM FINALLY MOVES AWAY BUT WE  HAVE THIS ONE DIED IN OUT OF CANADA A LITTLE BIT OF A CHANGE IN THE WEATHER PATTERN WHICH MEANS SOME SNOW IN THE HIGHER  ELEVATIONS OF THE   APPALOACHIANS EVEN IN PARTS OF THE GREAT LAKES IS ME AND NEXT  QUICK SHOT OF COLDER AIR A MIDDLE EAST IT SHUTS OFF THE MOISTURE FOR  A WHILE. ANOTHER STORM SYSTEM DOES START TO MOVE INTO THE WEST  COAST WAS SOME RAIN AND MOUNTAIN SNOWS OUT THERE BACK IN OUR  NEXT HALF HOUR. THE LONGER RANGE FORECAST

TEASE
THANKS, MIKE. WELL, HOW COULD USDA'S FIRST  ACREAGE REPORT SHAKE UP THE MARKETS? WE'LL  DISCUSS WITH BRYAN DOHERTY AND DANNY O'BRIEN  AFTER THE BREAK.  <U.S. FARM REPORT IS BROUGHT TO YOU BY KUBOTA. TRACTORS, HAY TOOLS,  UTILITY VEHICLES, MOWERS AND MROE. VISIT KUBOTA.COM TODAY>

ROUNDTABLE 1
WELCOME BACK. A BIG REPORT WEEK THIS WEEK WITH THE ACREAGE REPORT COMING OUT AS WELL AS STOCKS. WE'LL BREAK IT ALL DOWN THIS WEEKEND WITH DAN OBRYAN AND BRIAN DOHRETY. TO RECAP USDA THINKS CORN ACRES WILL BE DOWN 4 PERCENT. SOYBEAN ACRES UP 7 PERCENT COTTON ACRES UP 21 PERCENT. JUST A BIG JUMP THERE. WHEAT ACRES DOWN 8 PERCENT. DAN WHEN YOU SEE THESE NUMBERS WHATS YOUR TAKEAWAY FROM THIS REPORT??? IT'S KINDA WHAT WE'RE ESXPECTING IN BEANS. THE MARKETS HAVE BEEN TRENDING LOWER OVER THE LAST MONTH HEADED INTO THE FIRST TWO WEEKS OF MARCH WE WERE BETWEEN $9.95 AND $10 IN NEW CROP. BUT WE WERE EXPECTING THIS MOVE AND WITH HIGHER PRODUCTION NUMBERS COMING OUT OF SOUTH AMERICA. THIS IS TO BE EXPECTED. WHAT'S A LITTLE BIT INTERESTING WAS THE REVERSION BACK TO THE AG OUTLOOK NUMBER IN CORN. THAT MAY ALSO HAVE A LOT TO DO WITH WHAT'S BEEN GOING ON IN THE LAST COUPLE OF WEEKS IN THE BEANS AND THE CORN AS WELL. SOME OF THE WEATHER ALSO. BRIAN THIS 90 MILLION ACRES IN CORN--IS THAT REALISTIC?? SURE. IT IS. BEANS, LETS START WITH INSURANCE RATE 1019. THAT ATTRACTS SOME BEAN ACRES FROM CORN FOR SURE. COTTON ACRES UP PULL SOME FROM CORN. SO 90 MILLION ACRES NOT A SURPRISE AT ALL. CORN'S CURRENTLY TRADING AT A LEVEL THAT REALLY DOESN'T EXCITE PRODUCERS AND IT DOESN'T EXCITE LENDERS. TO SEE SOME SHIFT TO BEANS, NO SURPRISE. OLD NEWS NOW SO THE MARKTET WILL START LOOKING AHEAD SO THE MARKET WILL START TO FOCUS ON WEATHER AS WELL AS OTHER VARIABLES THAT CAN COME INTO PLAY. ITS INTERESTING WHEN YOU LOOK AT THE CORN AND THE SOYBEAN AND THE ACREAGE NUMBER. IT'S PRETTY NECK AND NECK RIGHT NOW. WOULD YOU HAVE THOUGHT A YEAR AGO WE WOULD HAVE ACRES SO CLOSE TO EACH OTHER?? YOU ONLY GET THAT WHEN YOU HAVE A DISPIRITING BETWEEN BEAN PRICES AND CORN PRICES. SO IF YOU LOOK AT THE RATIO THAT IS IF YOU TAKE THE PRICE OF NOVMBER BEANS DIVIDE IT BY THE PRICE OF CORN, THAT'S BEEN TRADING AROUND 2.6, 2.62, SOMEWHERE IN THAT RANGE FOR THE LAST THREE OR FOUR MONTHS. THAT SHOULD BUY ACRES FROM CORN. TYPICALLY THAT RATIO IS ABOUT 2.45 OR HIGHER. SO YOU'VE GOT THAT ELEMENT. YOU'VE GOT OUTSTANDING DEMAND IN THESE MARKETS BUT BEAN DEMAND HAS BEEN EXCELLETNT SO FARMERS HAD GOOD SUCCESS WITH BEANS WITH PRODUCTION AS WELL. RECORD YIELD. I'M NOT SURPRISED TO SEE THAT SHIFT TOWARD MORE BEAN ACRES. DAN THIS IS JUST OUR REALLY FIRST TASTE OF THE ACREAGE NUMBER AND A LOT CAN CHANGE BETWEEN NOW AND WHEN PLANTING WRAPS UP IN THE COUNTRY. IS THERE ANY CAUTION FOR PRODUCERS WHEN YOU LOOK AT THESE NUMBERS THAT WERE RELEASED FRIDAY. DEFINITELY. I WAS DOING A LITTLE RESEARCH AND THE BEAN NUMBER CAN BE OFF BY 1.2 MILLION ACRES HISTORICALLY THAT'S BEEN ABOUT THE AVERAGE. THE CORN ABOUT 1.1 MILLION ACRES. DEPENDING ON THE WEATHER GOING FORWARD AND STUFF LIKE THAT, STUFF CAN CHANGE. THESE ESTIMATES ARE TAKEN IN THE FIRST TWO WEEKS OF MARCH. PRICE OF BEANS HAS DROPPED A GOOD 20 OR 30 CENTS SINCE THEN. CORN NOW HAS MOVED A LITTLE BIT HIGHER. GUYS ARE STILL MAKING DECISIONS. ALL OF A SUDDEN THAT RATIO HAS CHANGED A LITTLE BIT AND THAT CAN EFFECT DECSIONS IF GUYS ARE MORE TENDED TO STICKING TO A ROTATION AND THINKING THAT MAYBE IT MIGHT BE WORTH A SHOT TAKING CORN INSTEAD OF BEAN ACRES. BRIAN IF PROSPECTIVE PLANTSINGS WASN'T ENOUGH ON FRIDAY WE ALSO GOT THE STOCKS REPORT OUT OF USDA. IT SHOWS GROWING STOCKS IN ALL THE CATEGORIES. WHAT WERE YOUR MAJOR TAKEAWAYS FROM THAT??? THEY GREW A LITTLE BIT. IT WASN'T AN OVERWHELMING NUMBER BUT THEY ADDED ON A LITTLE BIT TO EACH. LITTLE DISAPPOINTED WITH THE EXPORT PACE THE WAY ITS BEEN THAT WE WERE HOPEFUL WE MIGHT SEE THAT CORN NUMBER REMAIN THE SAME OR REDUCED A LITTLE BIT BUT IF YOU ADD 30, 50 MILLION BUSHELS, WHAT'S REALLY IMPORTANT AT THIS TIME IS THE WEATHER MOVING FORWARD. FOR YOUR WATCHERS OUT THERE THAT ARE LIVESTOCK PRODUCERS, REALLY LOOK AT THE OPPROTUNITY TO SCORE LOW PRICE CORN BUY IT GET IT IN PLACE BECAUSE WE'VE GOT AN ENTIRE GROWING SEASON AHEAD OF US. THE CORN INDUSTRY IS UNDERWATER. IT'S NOT WORKING FOR PRODUCERS RIHGT NOW WHICH MEANS ITS A BARGAIN FOR END USERS. GET IT LOCKED IN. WE'VE GOT RECORD DEMAND. THE HANDWRITINGS ON THE WALL. THAT DOESNT MEAN PRICES HAVE TO RALLY BUT THE LAST TEN YEARS THE LOWEST HIGH IN JULY CORN HAS BEEN HAS BEEN $4.35. IF WE THINK ABOUT THAT, ANY WEATHER DISRUPTION WOULD LOWER CORN ACREREAGE NUMBER TODAY. IT CREATES A HEIGHTENED SENSE OF SENSITIVY THE SPRINGBOARD TO ALL OF THIS IS VERY GOOD DEMAND. THAT'S NOT CHANGING. THAT SHIP IS SAILING AND WILL CONTINUE TO SAIL UNTIL PRICES ARE HIGHER. YOU THINK CORN PRICES COULD MOVE HIGHER??? I DO I DO. OUR PROBABILITY STUDIES TELL US IT CAN. IT'S DOOM AND GLOOM RIGHT NOW BECAUSE WE HAD SUCH A BIG CROPLAST YEAR AND WE AHVE TO RECOGNIZE THAT 174 BUSHEL YIELD THAT BLOWS EVERYTHIGN OUT OF THE WATER. HISTORICALLY WE HAVEN'T BEEN ABLE TO BACK TO BACK RECORD YIELDS LIKE THAT. WEVE HAD 4 BIG CROPS IN A ROW. ANYTHING LESS THAN IDEAL WEATHER, WATCH THE FUNDS GO FROM HEAVY SHORT TO HEAVY LONG IN A SHORT PERIOD OF TIME. A LOT OF THINGS TO LOOK FOR ARE OUT THERE BUT END USERS SHOULD TAKE ADVANTAGE. WE THINK THERE'S LIMITED DOWNSIDE RISK FOR THE NEXT THREE TO FOUR MONTHS. IT SOUNDS LIKE SOME POSSIBLE OPPORTUNITIES THERE. DAN WHEN YOU LOOK AT ALL THESE REPORTS THAT COME OUT ON FRIDAY. WOULD YOU CALL IT BEARISH OR BULLISH WITH SOME OF THESE CROPS. I KNOW HOW MARKETS ENDED UP BUT WHAT WOULD YOU SAY??? ID CALL IT A LITTLE BIT FRIENDLY IN THE CORN AND WHAT'S INTERESTING IS THE FUNDS. THEY HAVE BEEN VERY FICKLE RECENTLY. THEY WENT IN THE CORN FROM LONG SOMEWHERE ALONG 80,000 IN THE LAST TWO WEEKS THEY FLIPPED THAT POSITION TO SHORT 100,000. THE RECORD SHORT POSITION IN CORN IS OVER 200,000. BUT I THINK IN THE SPRING WITH PRICES AT THIS LEVEL, I DONT KNOW HOW MUCH MORE YOU WANT TO CHASE AFTER A SHORT POSITION WITH A WHOLE GROWING SEASON AHEAD OF US. I THINK THESE FUNDS DIRECT THESE MARKETS AND SOMETIMES NOT REFLECTING THE FUNDAMENTALS. MIGHT BE EARLIER THIS YEAR. WE HAD THEM GOING AFTER CATTLE, COPPER, COTTON, SOYBEANS, ALL ON AN INFLATION PLAY AND SOMETHING OUTSIDE THE AGRICULTURE REALM THEY FLIPPED AND TURNED AROUND. IF THE UNDS DECIDE TO COME IN AND CHANGE THEIR TUNE I THINK YOU GOTTA BE READY TO TAKE ADVANTAGE OF THAT. WHEN WE GET TO GOOD LEVELS PROTECT THOSE PRICES WHEN THEY HAPPEN. DAN MENTINED COTTON COMING UP IN OUR SECOND HALF HOUR WE'RE FOCUSING ON COTTON AND WHY WE'RE SEEING A 21 PERCENT POSSIBLE BUMP IN ACRES THIS YEAR. AS THE GUYS MENTIONED, THIS REPORT IT'S OLD NEWS. WE'VE HEARD A LOT ABOUT WEATHER. SOUTH AMERICAN WEATHER, WEATHER HERE AT HOME. WE'LL TALK ABOUT THAT WHEN WE COME BACK ON US FARM REPORT SO DON'T GO ANYWHERE

ROUNDTABLE 2
WELCOME BACK. WE WERE TALKING THE REPORTS DURING OUR FIRST ROUNDTABLE. SO WEATHER. LETS SAY WE DON'T HAVE A LOT OF WEATHER HICCUPS. LETS SAY WE END UP WITH AT LEAST TRENDLINE YIELDS. WITH THIS ACREAGE NUMBER, HOW DOES THAT SHAKE THINGS UP AS FAR AS STOCKS??? I'LL TAKE THIS ONE. WHAT IT DOES, IF WERE TALKING ABOUT TRENDLINE YIELD IN CORN WE'LL HAVE LESS OF A CROP THAN LAST YEAR. IT WILL TIGHTEN UP CARRYOUT, BUT THE MARKET WILL VIEW THAT AS ADEQUATE. UNFORTUNATELY THAT PROBABLY MEANS LIMITED UPSIDE POTENTIAL. BUT THAT'S ONE SCENARIO. THERE'S ALL TYPES OF SCENARIOS THAY MAY PLAY OUT. TYPICALLY WE GET SOME ADVERSITY. MY SUGGESTION WOULD BE AS A PRODUCER RECOGNIZE THAT WITH THE STOCKS AND ACREAGE NUMBERS TODAY, WE'VE TIGHTENED THE NOOSE A LITTLE BIT. CORN PRICES MOVE UPWARD. YOU GOTTA BE PREPARED TO ACT. DON'T TURN BULLISH WHEN CORN HITS 4.10 OR 4.20 OR 4.30 IN DECEMBER. BE SELLING INTO THAT HIGH PROBABILTY WHEN THAT'S WHERE PRICES WILL PROBABLY LIKELY PEAK. WE WOULD SUGGEST LOW VOLATILITY PICK UP YOUR CALL OPTIONS SO YOU JUST SELL AGAINST THAT RALLY WITHOUT SECOND GUESSING IT. WE KEEP HEARING ABOUT A POSSIBLE WEATHER MARKET. WHEN WOULD THAT WEATHER MARKET HIT? WHEN COULD WE START SEEING WEATHER MOVE THESE MARKETS?? INITIALLY WE COULD AHVE THAT OVER THE NEXT FEW WEEKS. IF IT STAYS WET AND COOLER, THAT COULD DELAY GUYS FROM GETTING IN TO GET CORN PLANTED. BUT THEN I THINK YOU GOTTA WIAT TYPICALLY UNTIL SOMETIME IN MID JUNE AND HEADING TOWARDS JULY. LAST YEAR WE SAW THAT JUNE JULY TIME FRAME THAT JUNE TIMEFRAME IS WHEN WE SAW PRICES PEAK SO COULD WE HAVE A REPEAT THIS YEAR??? WE COULD. WE LOOKED AT RECORD YIELD, YEARS, AND THEN WE SAID WHAT HAPPENS THE YEAR AFTER? OVER 50 PERCENT OF THE TIME THE CORN MARKET PEAKS IN JUNE, JULY OR AUGUST. IF YOU THINK ABOUT IT, IT'S INTUITIVE. WE'RE CHEWING THROUGH SUPPLY AS WE GET LESS ON THE SUPPLY SIDE OF THE COIN AND MORE ON THE UNCERTAINTY TIME PRICES HAVE THE ABILITY TO MOVE UPQUICKER AND FASTER. BE PREPARED FOR THOSE RALLIES WHEN THEY COME. SPEAKING OF WEATHER AND RAIN IN SOUTH AMERICA THEY;VE BEEN GETTING SOME RAIN IN SOME AREAS DOWN THERE IS THAT IMPACTING HARVEST IN ANY WAYS? ARE WE STARTING TO SEE SOME HARVEST HICCUPS DOWN THERE? ITS SLOWING A SLIGHT BIT IN ARGENTINA AND THERE' ABOUT 10 PERCENT OF THE AREA IS AT RISK FOR SOME FLOODING VUT I KNOW THEYRE LOOKING FOR A COUPLE OF WEEKS IN DRY WEATHER IN BRAZIL SO THEY ARE MOVING AHEAD REALLY FAST IN BRAZIL. I DON'T THINK THERE'S ANYTHING REAL THREATENING DOWN THERE RIGHT NOW. NOT ENOUGH TO REALLY TO MOVE OUR MARKETS AT THIS TIME???? WE HAD THAT EARLIER IN THIS YEAR, BUT THESE THINGS CAN CHANGE REAL QUICK. WE ALSO HAD A HOG AND PIG REPORT OUT THIS WEEK THAT SHOWED SOME MILD EXPANSION IN THE COUNTY. IS THAT BECAUSE WE'RE SEEING ADDITIONAL PORK PROCESSING PLANTS COME ONLINE AND GROWERS ARE EXPANDING IN RESPONSE TO THAT? OR IS IT SOMETHING ELSE THAT'S DRIVING THAT EXPANSION? I THINK IT'S TWO THINGS ONE IS THE INCREASED PACKER CAPICITY FOR SURE. THAT'S PART OF IT. BUT IT'S CHEAP GRAIN. IT'S CHEAP FEED. THIS IS A WINDOW OF TIME WHEN YOU LOOK AT THE RELATIVE PRICE OF CORN TO WHERE ITS BEEN THE LAST DECADE THIS IS CHEAP FOR HOG PRODUCERS TO BUY AND BUY LONG TERM FEED. THAT'S A HUGE INPUT TO THEIR BUSINESS SO THEY ARE EXPANDING FOR THOSE TWO REASONS. CAPACITY AND FEED. MILK PRICES. WE HAD SO MUCH HOPE GOING INTO 2017. PRICES AT THE END OF 2016 WE SAW SOME LIFE AND HERE WE SIT AND PRICES DO NOT LOOK AS GOOD AS WE HAD HOPED. NO BECAUSE OF DEMAND AND SUPPLY DRIVEN MARKET. WE'VE SEEN BOTH THIS YEAR. WE SAW REALLY GOOD DEMAND FOR CHEESE POP IN WE SAW SOME TAK ABOUT REDUCTION OF EUROPEAN PRODUCTION DUE TO LOW PRICES AND MILK PRICES RALLIED UP NICELY IN THE FALL. STABILIZED FOR TWO TO THREE MONTHS AND REALLY CAME UNDER PRESSURE WHEN DEMAND STARTED TO EB. THE OTHER SIDE OF THAT COIN IS AGAIN CHEAP FEED CHEAP GRAIN. DAIRY PRODUCERS ARE NOT HOLDING BACK LIKELLY TO SEE 2-2.5 PERCENT INCREASE IN PRODUCTION AGAIN THIS YEAR. THAT'S A LOT FOR THE MARKET TO ABSORB AFTER INCREASES LAST YEAR. WHAT ABOUT WORLDWIDE. WE HEARD PRODUCTION WAS GOING TO SLOW IN SOME OTHER COUNTRIES. IS THAT NOT HAPPENING?? IT EBBS AND FLOWS AND A LOT OF THAT IS WEATHER DRIVEN ESPECIALLY IN NEW ZEALAND DEPENDING ON RAINFALL TOTALS BUT I THINK WE TAKE A STEP BACK FURTHER. THE GOOD NEWS IS YOUVE GOT DEMAND MARKETS WORLDWIDE THAT ARE CONTINUING TO GROW AND BURGEON AND THAT'S WHERE THE SUPPORT EVENTUALLY WILL COME FROM. SO MUCH TO DIGEST THIS WEEK FROM ALL THE REPORTS AND ALL THE MARKET ACTION. BUT WE'LL WRAP IT OFF WITH A NICE BOW IN MARKETS NOW WHEN WE COME BACK ON US FARM REPORT.

MARKETS NOW
ADLIB

JOHN’S WORLD
DATA AND WHO CONTROLS ARE DATA HAS BEEN A  CONCERN FOR SOME OF OUR VIEWERS FOR YEARS.  JOHN PHIPPS HAS MORE IN THIS WEEK'S JOHN'S WORLD.   AS FARMERS ADAPT MORE DATA-GENERATING TECHNOLOGY, SUCH AS  MAPPING PROGRAMS FOR YIELDS, SOIL CHARACTERISTICS, AND A GROWING  NUMBER OF OTHER USES, COMPANIES ARE SPRINGING UP TO HELP US  EXTRACT USEFUL INFORMATION FROM THIS PILE OF DIGITAL RECORDS. IN  ADDITION, WE'RE USING DATA MANAGEMENT TOOLS TO TRACK AND  ANALYZE INCREASING AMOUNTS OF FINANCIAL INFORMATION. I HAVE  SPOKEN BEFORE ABOUT PRODUCER CONCERNS ABOUT KEEPING THESE  NUMBERS CONFIDENTIAL, ESPECIALLY AS WE COLLECT AND STORE THEM  OFF-FARM VIA THE FAMED CLOUD. THAT WORRY IS STILL WITH US, BUT WE CAN NOW ANOTHER PRIVACY  QUESTION THAT WILL AFFECT VIRTUALLY ALL OF US. LAST OCTOBER THE  FEDERAL COMMUNICATIONS COMMISSION PROPOSED NEW RULES TOPREVENT CARRIERS LIKE VERIZON OR COMCAST FROM COLLECTING AND  SELLING WITHOUT PERMISSION CUSTOMER INFORMATION ABOUT WHAT  WEBSITES YOU VISIT, WHEN YOU VISIT, AND HOW LONG YOU SPEND  THERE. AS YOU CAN IMAGINE THIS INFORMATION HAS CONSIDERABLE  VALUE TO ADVERTISERS. WITH THE NEW ADMINISTRATION AND NEW FCC  APPOINTEES, THOSE RULES HAVE BEEN CANCELLED, LEAVING CARRIERS  ESSENTIALLY FREE TO MERCHANDISE YOUR INTERNET HABITS. THIS IS NOT A BIG DEAL TO THE MOST OF AMERICANS, ESPECIALLY IF THE  DATA SURVEILLANCE IS SOMEHOW ADVOCATED AS A NECESSARY  DEFENSE AGAINST TERRORISM, WHICH IS DEBATABLE. AND EVEN THOUGH  WE HAVE LITTLE TRUST IN ONLINE SECURITY, THE PROBLEM IS TOO COMPLEX  TO WARRANT THE WORK NEEDED TO GRAPPLE WITH IT. I DON'T HAVE MANY WORDS OF WISDOM HERE, OTHER THAN THE OBVIOUS  ADVICE TO ASSUME YOUR INFORMATION IS AT RISK EVERY TIME YOU LOG  ON, JUST LIKE YOU SHOULD ASSUME YOU ARE ON SOME VIDEO DEVICE  ANYTIME YOU ARE IN PUBLIC. BUT I WILL SAY THIS: FARMERS ARE LIKELY  FRETTING ABOUT THE SECURITY OF THE WRONG SET OF DATA FROM THEIR  FARM. PERSONAL DATA PRIVACY SHOULD BE OUR TOP CONCERN.  THANKS, JOHN.

TEASE
WELL, AS YOU SAW IN THE USDA PLANTING INTENTIONS  REPORT, FARMERS IN THE SOUTH ARE HIGH ON COTTON  THIS YEAR. WE'LL TELL YOU WHY AFTER THE BREAK. 

HEADLINES
WELCOME BACK TO U-S FARM REPORT THIS WEEKEND.  WE  HAVE MUCH MORE AHEAD.  ACRES OF COTTON COULD CLIMB THIS YEAR, SO WHY IS  IT SUCH AN ENTICING CROP TO PLANT? THAT'S OUR  FARM JOURNAL REPORT. THE ART OF MAKING CHOCOLATE IN THE MOST  UNUSUAL PLACE...ANDREW MCCRAE TAKES US TO THE  SWEET SPOT IN HICO, TEXAS. AND IN CUSTOMER SUPPORT, IT'S A CLEMENTINE  CONUNUNDRUM. 

WASHINGTON LEADERSHIP
NOW FOR THE HEADLINES, ANOTHER WEEK PASSES  WITHOUT NEW USDA LEADERSHIP IN PLACE. BUT  THANKS TO A SENATE AG COMMITTEE VOTE LATE IN THE  WEEK, WE'RE NOW ONE STEP CLOSER TO HAVING A  NEW SECRETARY OF AGRICULTURE.  THE SENATE AG COMMITTEE VOTING IN FAVOR OF  SUNNY PERDUE AS AG SECRETARY THURSDAY.  THAT CONFIRMATION VOTE COMING A DAY LATER THAN  EXPECTED DUE TO THE SENATE'S SCHEDULE.  THE ONLY "NO VOTE" CAME FROM SENATOR KRISTEN  GILLIBRAND OF NEW YORK. SONNY'S COUSIN, SENATOR DAVID PERDUE, VOTED  PRESENT.  PERDUE'S CONFIRMATION IS NOW ONTO THE FULL  SENATE, BUT THAT COULD BE BACKLOGGED DUE TO  THE HEATED DBEATE OVER SUPREME COURT NOMINEE  NEIL GORSUCH. AFTER NEXT FRIDAY, TEH SENATE GOES ON RECESS  FOR TWO WEEKS, RETURNING JUST BEFORE THE  STOPBAP SPENDING BILL RUNS OUT ON APRIL 28TH. 

FINANCIAL HEALTH OF FCA
AS FARMERS FACE ANOTHER YEAR OF LOWER  COMMODITY PRICES, THE HOUSE AGRICULTURE  COMMITTEE IS REVIEWING THE FINANCIAL HEALTH OF  THE FARM CREDIT ADMINISTRATION. IN PREPERATION FOR THE NEXT FARM BILL, ON  WEDNESDAY THE FARM CREDIT ADMINISTRATION FACED  THE LAWMAKERS WHO WANT TO KNOW IF THE AGENCY  IS FINANCIALLY SOUND AS FARM INCOMES CONTINUE  TO DECLINE. DURING HIS TESTIMONY, DOUG STARK OF FARM CREDIT  SERVICES TOLD LEGISLATORS THAT IT'S DURING THESE  CHALLENGING TIMES THAT CAPITAL REQUIREMENTS OF  THIS INDUSTRY REMAIN VIALBLE AND STRONG.  <WHILE THE FARM ECONOMY HAS PRESENTED WITH CHALLENGES, WER'E  VERY PLEASED TO REPORT THAT CREDIT AVAILABILITY IS NOT A PROBLEM. THE FARM FINANCE ENVIROMENT REMAINS FIERCLY COMPETITIVE, AND THE  VARIOUS PARTICIPATNTS INCLUDING COMMERICAL BANKS, INSURANCE  OMCPANIES AND THE FARM CREDIT SYSTEM ALL LEVERAGE THEIR UNIQUE  VALUE PROPOSITIONS TO ATTTRACT CUSTOMERS AND WIN BUSINESS> STARK ALSO TELLING THE COMMITTEE THAT DUE TO  COMPETITION IN THE MARKET PLACE, FARM CREDIT  RATES REMAIN LOW AND SERVICE IS HIGH. 

DOW-DUPONT MERGER UPDATE
THE MERGER OF  DOW AND DUPONT TOOK A MAJOR  STEP FORWARD THIS WEEK WHEN THE EUROPEAN  UNION APPROVED THE PLAN. DOW AND DUPONT WERE ABLE TO OVERCOME  REGULATORS' CONCERNS WITH HEFTY CONCESSIONS, INCLUDING THE SALE OF LARGE PARTS OF DUPONT'S  PESTICIDE BUSINESS. . THIS MERGER IS THE FIRST TO WIN E-U APPROVAL OUT  OF A TRIO OF MEGA-DEALS THAT STANDS TO RESHAPE  THE GLOBAL AG INDUSTRY.  AS PART OF THAT APPROVAL, THE TWO COMPANIES  FORCED TO SELL OFF SOME OF ITS BUSINESS. THE FIRST CAME FRIDAY, WHEN FMC ANNOUNCED IT'S  ACUIRING A SIGNIFICANT PORTION OF DUPONT'S CROP  PROTECTION BUSINESS. FMC WILL PAY DUPONT 1 POITN 2 BILLION DOLLARS FOR  THE BUSINESS, AND IN RETURN, DUPONT WILL ACQUIRE  FMC HEALTH AND NUTRITION'S BUSINESS.  FMC IS BUYING GLOBAL CHEWING PEST INSECTICIDE  PORTOFLIA, GLOBAL CEREAL BROADLEAF HERBICDES  AND A PORTION OF DUPON'TS GLOBAL CROP  PROTECTION RESEARCH.  FMC SAYS THIS WILL MAKE THE COMPANY THE FIFTH  LARGEST CRO PPROTECTION CHEMICAL COMPANY IN  THE WORLD. 

AVIAN FLU IN GEORGIA
THE STATE OF GEORGIA CONFIRMING ITS FIRST EVER  CASE OF AVIAN FLU IN A COMMERCIAL POULTRY  OPERATION. IT WAS A FLOCK OF 18,000 CHICKENS. THE STATE  DEPARTMENT CONFIRMING BIRDS TESTED POSTIIVE  FOR LOW PATCH H-7-N-9. ALL THOSE CHICKENS WERE  THEN CULLED.  GEORGIA IS THE TOP CHICKEN MEAT PRODUCING STATE  IN THE COUNTRY.  THE ENVIRONMENTAL PROTECTION AGENCY IS NOW  LIMITED ON THE AMOUNT OF FARM DATA IT CAN  RELEASE. 

SETTLEMENT ON LIVESTOCK FARM INFORMATION
A FEDERAL JUDGE APPROVING A SETTLEMENT  AGREEMENT THIS WEEK BETWEEN THE NATIONAL PORK  PRODUCERS COUNCIL, THE AMERICAN FARM BUREAU  AND THE FEDERAL EPA. IT LIMITS THE AMOUNT OF INFORMATION REGARDING  LIVESTOCK FARMS THE AGENCY CAN RELEASE.  NOW UDNER THE FREEDOM OF INFORAMTION ACT, THE  AGENCY CAN ONLY RELEASE THE CITY, COUNTY AND ZIP  CODE, ALONG WITH THE CLEAN WATER ACT PERMIT  STATES OF A CONCENTRATED ANIMAL FEEDING  OPERATION.  THE AGREEMENT ALSO FORCES EPA TO CONDUCT  TRAINING ON FOIA. 

DROUGHT AND DROUGHT RELIEF
THE DROUGHT BUSTER WEATHER CALIFORNIA SAW THIS  WINTER CONTINUES TO SHOW UP IN CALIFORNIA'S  SNOWPACK SURVEY. THE LATEST MEASUREMENT TAKEN THIS WEEK SHOWS  ELECTROIC READINGS FROM 95 SITES IN SIERRA  NEVADA SHOW AN AVERAGE SNOW WATER EQUIVALENT  IS 45 POINT 8 INCHES. THAT'S 164 PERCENT OF AVERAGE  FOR THIS TIME OF YEAR. CALIFONRIA'S DEPARTMENT OF WATERS RESROUCES  SAY ONCE THE SNOWPACK MELTS, IT SUPPLIES ABOUT  30 PERCEN TOF CALIFORNIA'S WATER NEEDS FOR  SPRING AND SUMMER.  BUT THE DEPARTMENT WARNS THE LINGERING EFFECTS  OF DROUGHT ARE STILL PREVALENT, WITH GROUND  WATER SUPPLIES SHORT INT EH CENTRAL VALLEY.  MUCH NEEDED RAIN HITTING THE MAJORITY OF THE  COUNTRY THIS WEEK. THAT MOISTURE SHOULD HELP EAT AWAY AT SOME OF  THE DROUGHT PARKED ACROSS THE PLAINS AND  MIDWEST. THE LATEST DROUGHT MONITOR SHOWING CONDITIONS  IMPROVED ACROSS MISSOURI, KANSAS AND ARKANSAS.  WHAT'S CONSIDERED MODERATE DROUGHT IN  MISSOURI, OR THE TAN SHADE, IMRPOVING 19 POITNS IN  A WEEK. THAT SAME CATEGORY IS NOW 18 POINTS BETTER IN  COLORADO.  BUT IN THE SOUTHEAST, THE YELLOW AREA, OR WHAT'S  CONSIDERED ABNORMALLY DRY, JUMPED UP 14 POINTS  THIS WEEK.    

WEATHER
THAT'S IT FOR NEWS...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH THE NATIONAL  FORECAST. MIKE, THE 30 AND 90 DAY IS CRITICAL FOR  MANY OF OUR VIEWERS GETTING READY TO PLANT. SO  WHAT CAN YOU TELL US?  BUT I KNOW THEY WERE LOOKING AT SOME WARMTH AND A GOOD CHUNK OF THE COUNTRY WILL GET TO THAT THE MINUTE YOU CAN SEE ARE CAR A WEATHER PATTERN EL DEFINITELY DOES ONE STORM SYSTEM AFTER ANOTHER THESE ARE SLOW MOVERS ALSO YOU SEE BY WEDNESDAY ANOTHER ONE MOVING INTO THE MIDDLE OF THE COUNTRY THAT BEGINS TO MOVE EAST AND HERE 'S WHERE THE PATTERN MAY CHANGE AT LEAST TEMPORARILY WE HAD A FAIRLY GOOD TROUGH IN THE NORTHEAST FOR A WHILE A QUICK SHOT OF COLDER AIR BUT THEN WE KIND OF GOES ALL AS WE HEAD INTO NEXT WEEKEND SO INTERESTING WE MIGHT START TO SEE A CHANGE AS WE HEAD INTO THE MIDDLE OF APRIL HOWEVER APRIL CHAPTERS ON GOING ABOVE NORMAL FOR MOST OF THE EAST ALL THE WAY DOWN IN THE TEXAS BELOW NORMAL FOR THE PACIFIC NORTHWEST DOWN IN THE NEVADA FIRM A TEMPTERS ABOVE NORMAL FOR A ABOUT THE EASTERN THIRD OF THE COUNTRY 'S ONGOING NEAR NORMAL FOR THE PLAIN STATES BECAUSE I THINK YOU'RE GONNA BE FAIRLY WET WHICH KEEPS TEMPERATURES DOWN AND THEN BELOW NORMAL TEMPERATURES IN THE PACIFIC NORTHWEST ABOVE NORMAL IN THE EAST IN JUNE AND IN THE FAR SOUTHWEST AS FAR AS PRECIPITATION FOR THE NINETY DAYS ABOVE NORMAL FOR MUCH OF THE CORN BELT IN THE NORTHWEST BELOW NORMAL WESTERN TEXAS AND PARTS OF THE FOUR CORNER REGION TYNE

FARM JOURNAL REPORT
THANKS, MIKE. WELL AS WE SHOWED YOU AT THE TOP  OF THE SHOW, COTTON IS SEEING A BOOST THIS YEAR. USDA'S PROSPECTIVE PLANTINGS REPORT POINTING TO  A WHOPPING 21 PERCENT BUMP IN ACRES, WITH  UPLAND EXPECTED TO HIT 12 MILLION THIS YEAR.  IN FEBRUARY, NATIONAL COTTON COUNCIL RELEASED  FINDINGS FROM ITS OWN SURVEY, SHOWING A 9 POINT 4  PERCENT JUMP IN OVERALL ACRES. THIS IS A NICE  CHANGE FROM THE MASS EXODUS OF ACRES COTTON  SAW OVER THE PAST DECADE. SO, WHAT'S MAKING  COTTON MORE OF A CASH CROP TO GROW THIS YEAR?  THAT'S THIS WEEK'S FARM JOURNAL REPORT.  THIS FIELD HERE, I SEE THE REMINANTS OF LAST YEAR'S COTTON  CROP, WILL THIS BE IN COTTON AGAIN? IT WILL BE IN COTTON AGAIN THIS  COMING YHEAR> COMO, MISSISSIPPI FARMER SLEDGE TAYLOR LOVES TO  GROW COTTON. AND THIS YEAR, HE'S PLANTING 3500  ACRES, OR ABOUT A THIRD OF HIS CROP, IN WHAT WAS  ONCE A STAPLE IN THIS AREA.  <"WE'LL INCREASE THIS YEAR ABOUT 25 PERCENT OVER LAST YEAR, AND  LAST YEAR WE INCRASED ABOUT 25 PERCEN TOVER THE PREVIOUS YEAR. SO WE'VE INCREASED ALMOST 50 PERCENT IN TWO YEARS." > IT'S MORE THAN JUST TAYLOR JUMPING ON THE  COTTON TRAIN THIS YEAR.  <THE YEAR PRIOR I WAS AT ZERO. LAST YEAR I WAS AT 3,000. NOW I'M AT  5.> <*27-30 "WERE 100 PERCENT COTTON AND HAVE BEEN FOR 20 YEARS"> NATIONAL COTTON COUNCIL'S FEBRUARY PLANTING  INTENTIONS SURVEY SHOWING 12 STATES COULD SEE  AN INCREASE IN UPLAND COTTON ACRES THIS YEAR.  NATIONAL COTTON COUNCIL THINKS THE BIGGEST JUMP  IN THE MID-SOUTH COULD BE IN MISSISSIPPI.  <"THE BULK OF WHERE WE'LL SEE THE ACREAGE INCREASE IS IN THE  NORTHERN PART OF THE STATE, FROM GREENWOOD, CLARKSDALE, TUNICA.  I'M JUST HEARING SOUTH OF HIGHWAY 82, WE JUST WONT' SEE AS BIG OF  AN INCREASE."> BASED ON A GROWER SURVEY, NCC THINKS THE  LARGEST SPIKE IN ACRAGE WILL SHOW UP IN THE WEST,  WITH KANSAS SEEING A 42 PERCENT BUMP OVER LAST  YEAR.  < "KANSAS IN PARTICULAR, THER'ES NOT THAT MANY ACRSE. THEYR'E  COMING OFF 25,000 TO 30,000 ACRES, THEY MAY GO UP TO AS HIGH AS  50,000. OKOLHOMA IS A LITTLE DIFFERENT STORY BECAUSE THEY PLANT A  COUPLE HUNDRED THOUSAND ACRES, AND SOME OF THOSE MIGHT BE  ADDING TO 300,000 OR MORE ACRES PLANTED THIS YEAR." > PRICE IS PART OF THE EQUATION ENTICING FARMERS  TO PLANT MORE COTTON.  <"THIS YEAR, COMPETING CRPOS LIKE CORN, THE PRICE OF CORN IS SO LOW  AND GOING LOWER EVERY DAY, THAT I DON'T WANT TO GROW MUCH CORN  AT ALL. THE PRICE OF COTTON IS STILL NOT A DRIVING POINT, BUT IT'S THE  LESSER OF ALL THE EVILS. " > < "LOOKING AT USDA PROJECTIONS, IT STILL SHOWS THAT WITH CURRENT  FUTURES PRICES, WE'RE STILL NOT COVERING FULL COST OF PRODUCTION.S O  WE'RE COVERING VARIABLE COSTS BUT THERE'S STILL A MISSING  COMPONENT THERE." > BUT THE MAIN DRIVER BEHIND THE MOMENTUM IN  COTTON IS PHENOMONAL YIELDS.  "OUR YIELDS WERE THE BEST YIELDS THAT WE'VE EVER  MADE." "WITH THE NEW VARIETIES, WE'RE MAKING PHENONOMAL  YIELDS. THE QUALITY THIS PAST YEAR WITH SOMEO F THE NEWER  VARIETIES THE QUALITY WAS OUTSTANDING, SO THAT'S PART OF IT."> <FIVE YEARS AGO, IF ANYONE COULD HIT 2 BALES, THAT WAS AMAZING,  THAT'S 1,000 POUNDS. SO 1000 POUNDS WAS KIND OF HTE TARGET,  NOW 1500 IS OUR TARGET?> HIGHER YIELDS AND AN ACREAGE BUMP IS GIVING NEW  LIFE TO THE INDUSTRY.  < "AN INCREASE IN COTTON ACRES WILL BE A GREAT BENEFIT FOR THE U.S.  COTTON INDUSTRY, AS LONG AS WE CAN KEEP UP WITH THE EXPORT  DEMAND. > IT'S THAT DEMAND THAT'S BEEN THE SHINING STAR THIS  YEAR, HELPING SUPPORT COTTON PRICES SEE A 10  CENT RUN SINCE JANUARY."WE'RE SEEING STRONG DEMAND FOR U.S. COTTON  RIGHT NOW, VIETNAM IS IN THE MARKET, CHINA IS IN THE MARKET,  WE'RE NOT SEEING A LOT OF COMPETITION, SO THERE'S A LOT OF  OPPORTUNITEIES RIGHT NOW WITH THE MARKET STRENGTHENING." > CHINA HASN'T BEEN A BIG BUYER OF U-S COTTON THIS  YEAR, BUT THOSE TIDES ARE STARTING TO TURN.  < "NOW, IN 2016, CHINA SOLD ALMOST  12 MILLION BALES FROM THERE  RESERVES, THEIR RESERVE AUCTION WAS MUCH MORE SUCCESSFUL THAN  ANYONE ANTICIPATED, NOW LOOKING TO 2017, THEY STARTED THEIR  AUCTION SERIES IN MARCH, SO FAR THEY AHD A REALLY GOOD UPTAKE IN  BEGINNING, IT SLOWED DOWN A LITTLE BIT, THERE ARE SOME CONCERNS  ABOUT THE QUALITY OF THE CROP, BUT IF CHINA HAS ANOTHER SUCCESSFUL  ACTUION SERIES THIS YEAR, THAT COULD REALLY PUT THEM IN POSITION THE  NEXT FEW YEARS TO BECOME A LARGE IMPORTER AGAIN."> SHE THINKS THAT'S SOMETHING THAT COULD HIT THE  MARKET AS EARLY AS 2018.  UNTIL THEN, THE FOCUS IS ON  2017... AND WHILE  PRICES ARE BETTER, THERE ARE FEARS IT WON'T LAST. "THE CAUTION I WOULD GIVE PRODUCERS IS AS THEY LOOK  AT THESE PRICES, IT'S ENCOURAGING PLANTING. SO IF IT'S A GOOD  ENOUGH PRICE TO PLANT, THEN THINK ABOUT PRICING A PORTION OF YOUR  EXPECTED PRODUCTION AT THESE PRICES AS WELL, BECAUSE IF WEATHER COOPERATES, WE HAVE ANOTHER 17 TO 17.5 MILLION BALE CROP, OTHER  COUTNIRES AND INCREASE PRODUCTION, I WORRY THAT THERE COULD BE  SOME PRICE PRESSURE AS WE GET INTO THE FALL."  BUT FOR SLEDGE TAYLOR, THE PRICE AND ACREAGE  STORY AROUND COTTON  IS GROWING EXCITEMENT IN  HIS SMALLTOWN... < THE LAST FEW YEARS, WE'VE BEEN MAKING 1250 POUND COTTON> AND THIS MISSISSIPPI GROWER IS STRIVING FOR AN  ENCORE TO 2016, REVIVING HOPE THAT COTTON CAN BE  KING IN THESE MISSISSIPPI FIELDS ONCE AGAIN.  NATIONAL COTTON COUNCIL TOLD ME TODAY'S PRICES  AREN'T ENOUGH TO SEE A RESURGENCE IN  INFRASTRUCUTRE, LIKE COTTON GINS. BUT ADAMS  SAYS IF THERE'S A GIN THAT SHUT DOWN A COUPLE  YEARS AGO, IF PRICES CONTINUE TO CLIMB, WE COULD  SEE THOSE COME BACK ONLINE.UP NEXT, JOHN PHIPPS. 

CUSTOMER SUPPORT
WELCOME BACK. WELL, FINALLY, WE HAVE A VIEWER  WHO STUMPED JOHN IN THIS WEEK'S CUSTOMER  SUPPORT.  TODAY WE HAVE A QUESTION THAT TOTALLY STUMPED ME AND MY  RESEARCH SKILLS, SUCH AS THEY ARE.  FROM GRAYLING WILLER: "WE BOUGHT A BAG OF THOSE LITTLE ORANGES KNOWN AS CLEMENTINES,  EACH HAVING A STICKER IDENTIFYING IT'S ORIGIN- I THOUGHT. THESE  STICKERS SAY ALASKA. IT'S HARD FOR ME TO PICTURE A CITRUS GROVE IN  ALASKA. DO YOU HAVE ANY INFORMATION THAT MIGHT HELP EXPLAIN?" GRAYLING, THANKS FOR THE CHALLENGE. TO BE HONEST, MY FIRST  REACTION WAS "THIS CAN'T BE RIGHT", FOLLOWED BY I'LL BET THE LABEL  HAD "AL" FOR ALABAMA ON THEM, WHICH HE HAS MISTAKEN FOR  ALASKA. BUT NOOOO.  AT MY REQUEST HE SENT ME THE STICKER: I APOLOGIZE FOR THE SIZE, BUT IF I ENLARGE IT ANY MORE IT GETS TOO  FUZZY TO READ. BUT A SMALL ORANGE FRUIT IN THE DOORWAY OF AN IGLOO  WITH THE WORD ALASKA OVERHEAD SURE LOOKS TO ME LIKE A  CLEMENTINE FROM OUR LARGEST STATE. I CAN FIND NO INFORMATION ABOUT CLEMENTINES GROWN IN ALASKA, BUT  OBVIOUSLY THEY ARE. I AM ALMOST CERTAIN FROM WHAT I COULD  UNCOVER THAT THEY ARE GROWN IN GREENHOUSES, BUT HOW THE HECK  COULD THEY DO THAT ECONOMICALLY ENOUGH TO SHIP THEM DOWN TO  THE LOWER 48 AND COMPETE WITH THE CALIFORNIA CITRUS INDUSTRY? SO CUSTOMER SUPPORT IS GOING TO CALL THIS AN UTTER FAILURE ON MY  PART. IF ANYBODY ELSE OUT THERE CAN GIVE US A CLUE, GRAYLING AND I WOULD APPRECIATE IT.  IF YOU DO HAVE ANY INSIDE INFORATION ABOUT THIS,  FEEL FREE TO EMAIL US. MAILBAG AT U-S FARM REPORT  DOT COM.

TEASE
NEXT UP, IF YOU'RE A CHOCOLATE LOVER, THIS WEEK'S  AMERICAN COUNTRYSIDE IS FOR YOU!

AMERICAN COUNTRYSIDE
IF YOU'RE IN SEARCH FOR SOME OF THE FINEST  CHOCOLATE IN THE WORLD.. IT MAY BE CLOSER THAN  YOU THINK. WE'RE ON THE ROAD WITH ANDREW  MCCREA TO HICO, TEXAS.  KEVIN WSIEMAN GREW UP ABOUT AN HOUR AND A HALF OUTSIDE OF  DALLAS, TX.  LIFE IN THE COUNTRY WAS SIMILAR TO OTHERS IN HIS RURAL  AREA…RAISING HOGS, CHICKENS AND CATTLE.   (WE WERE IN 4-H AND I WAS ONE OF THE ONLY GUYS IN THE 4-H FOOD  CLUB   BUT HE LONGED TO GET BACK TO HIS ROOTS, SO HE CAME BACK TO HICO,  TX TO WORK IN ART AND DESIGN…AND HE  PICKED UP OTHER JOB THAT  HE FIGURED WOULD BE JUST A PASTIME.  (AND I STARTED MAKING CHOCOLATES AND IT WAS THE CHOCOLATES THAT  TOOK OFF AND WAS PAYING THE BILLS AND I FOUND IT WAS MY NEW  MEDIUM.   INSTEAD OF CANVAS AND PAINT IT WAS CHOCOLATE    KEVIN'S FOOD WAS ART AND THE ART WAS…VERY GOOD TO EAT!  EACH  NEW CREATION SPECIALLY HANDCRAFTED, NEVER USING LARGE MACHINES  OR MAKING HUGE BATCHES THAT WOULD NEED TO BE FROZEN.  HE ALSO  USED FRESH, LOCAL INGREDIENTS…PEANUTS, PECANS, APRICOTS AND  PEACHES FROM THE AREA.  AND EVEN THOUGH HICO IS MILES AND  MILES FROM A METROPOLITAN POPULATION, PEOPLE BEGAN COMING  HERE TO TASTE HIS PRODUCT.  (A LOT OF PEOPLE SAY WE RUIN THEM TO SNICKERS.  I LIKE SNICKERS BUT  THIS IS ALL ABOUT FRESH.    SO IT'S QUALITY INGREDIENTS.  IT'S FRESH  INGREDIENTS AND ALSO A FRESH PRODUCT.  AND IF IT'S FRESH YOU CAN  TASTE IT YOU KNOW. KEVIN AND HIS STAFF ARE ALWAYS BUSY HERE IN THE  KITCHEN…POURING…SMOOTHING…CUTTING…AND MUCH  MORE…THERE'S A LOT TO DO TO CREATE A CHOCOLATE MASTERPIECE BOTH VISUALLY AND TASTEFULLY.  BUSINESS IS STEADY, BUT A COUPLE POINTS  IN THE YEAR ARE VERY IMPORTANT.  (CHRISTMAS IS WONDERFUL BECAUSE WE CAN GET PREPARED FOR IT.   VALENTINES WE CAN GET PREPARED BUT YOU NEVER KNOW BECAUSE  IT'S GUYS WHO BUY VALENTINES AND GUYS ALWAYS WAIT UNTIL THE LAST  MINUTE. SO MY JOB IS TO HAVE PLENTY AT THE LAST MINUTE :20) 1:52  CLIP 618  *** WE REFOCUS THE CAMERA AT THE END OF  THIS CUT SO WE WILL NEED TO BREAK-AWAY TO  ANOTHER SCENE - MAYBE GO TO SOME OF THE SHOTS  OF ALL THE DIFFERENT KINDS OF CHOCOLATES THAT HE  HAS AT THE STORE SINCE HE SAYS IT'S HIS JOB TO  HAVE PLENTY   KEVIN IS HUMBLED BY THE HIGH PRAISE HIS WORK RECEIVES.  HE'S  THOUGHT ABOUT OPENING A LOCATION IN A LARGER CITY…BUT HIS  CUSTOMERS SAY…   (OH DON'T DO THAT PART OF THE FUN IS COMING TO YOU.   I'VE ACTUALLY HAD PEOPLE COME TO US FROM HOUSTON ON THE WAY TO DALLAS AND  THEY'LL TAKE A TWO HOUR DETOUR AND COME TO HICO BECAUSE THEY  WANT COME TO SEE AND HAVE CHOCOLATES :15 ) 3:10 CLIP 632 ***  SOME MAY  SAY THAT YOOU NEED TO GO  TO THE COAST OR EVEN TRAVE; AROUND THE WORLD TO FIND THE BEST  CHOCOLATE. BUT MORE PEOPLE ARE FINDING YOU CAN COME TO ONE OF  TEXAS SMALL TOWNS TO FIND SOME OF THE BEST CONFECTIONS IN THE  WORLD. TRAVELING THE COUNTRYSIDE IN HICO TEXAS I'M ANDREW  MCCREA

TEASE
THANKS, ANDREW. AND YOU CAN HEAR ABOT MORE OF ANDREW'S TRAVELS  ONLINE AT AMERICAN COUNTRYSIDE DOT COM OR BY  DOWNOAING THE FARM JOURNAL TV APPL. NEXT UP,  MACHINERY PETE JOINS US FOR TRACTOR TALES AND  WE PAY TRIBUTE TO A CHURCH 300 YEARS OLD. 

TRACTOR TALES
TRACTOR TALES BROUGHT TO YOU BY THE MOST  TRUSTED NAME IN FARM EQUIPMENT, MACHINERY  PETE!.  WELCOME BACK TO TRACTOR TALES FOLKS!  WE'VE GOT A 1949 STYLED  JOHN DEERE A FROM ILLINOIS TO SHOW YOU THIS WEEK.   DAVID DORN  REMEMBERS GROWING UP AND FARMING WITH AN A JUST LIKE THIS ONE.   HE TELLS US EVEN THOUGH HE HAS MANY COLORS IN HIS COLLECTION, THE  A IS ONE OF HIS FAVORITES. WE'VE GOT A STYLED NINETEEN FORTY-NINE A JOHN DEERE WE USED TO A  FARM WITH FOR THE A AND BEFORE WE GOT THE LARGER TRACTORS AND I  WAS ABLE TO FIND THIS A IN GOOD CONDITION. SO I BOUGHT IT DIDN'T  HAVE TO DO MUCH TO RESTORING TO IT WAS A PRETTY WELL WHAT SHE 'S  SEE REALLY LIKED IT. THIS ONE OF MY FAVORITE IN THE ELECTION WE JUST  STARTED LOOKING AND WE SAW THIS ADVERTISED AT A SALE AT  TAYLORVILLE ILLINOIS AND WE WENT TO IT AND BOUGHT IT AND DID A LITTLE  RESTORING TO IT IN AND IT RUNS PERFECT AND WE'VE HAD IT IN THE PANA  LABOR DAY PARADE SEVERAL TIMES PULLING FLOATS AND WE PUT A  PARADE SEAT ON IT SO TWO PEOPLE COULD RIDE ON IT. WHEN MY SON  GOT MARRIED WE USED IT TO PULL A RACK WAGON THAT HAD THE  WEDDING PARTY IN IT AND THAT WE PULLED IT ROUND PANA SO IT WAS  KIND OF UNIQUE BACK THEN.  OH WE PROBABLY SPENT A COUPLE  MONTHS IN THE WINTERTIME GETTING IT ALL RESTORED AND MOTOR WISE IT  WAS PERFECT BUT IT WAS JUST A METAL ON THE OUTSIDE AND WE HAD TO  SAND SOME OF THE ROUGH PARTS AND RE-PAINT IT THE RUBBER WAS FINE  ON IT WHEN WE GOT IT SO WE DIDN'T HAVE TO DO ANYTHING THAT WAY.  BUT WE HAD TO REPAINT THE WHEELS. THROUGH THE YEARS WE'VE SEEN  MANY CHANGES ON THE TRACTORS BUT THEY'RE THEY'RE JUST NICE TO  COLLECT AND I GUESS MAINLY I COLLECT THEM TO PASS THEM ON TO OUR  SON AND GRAND CHILDREN.

COUNTRY CHURCH SALUTE
TODAY'S COUNTRY CHURCH SALUTE GOES TO THE  HEBRON LUTHERN CHURCH IN MADISON, VIRGINIA.  ESTABLISHED IN 1717, THE CHURCH IS CELEBRATING ITS  300TH ANNIVERSARY THIS MONTH... 300! I THINK THAT'S  A FIRST ON THE SHOW. THE CHURCH FEATURES A DAVID  TANNENBERG ORGAN, ONE OF ONLY NINE TANNENBERG  ORGANS STILL IN USE. OUR THANKS TO IVAR AND VYVYAN RUNDGREN FOR  SHARING THEIR STORY.   AS ALWAYS WE WANT TO LEARN ABOUT YOUR HOME  CHURCH AS WELL... SALUTES CAN BE SENT TO THE  ADDRESS ON THE SCREEN.  STAY WITH US. SOME  HEARTFEALT PICTURES FROM THE PLAINS NEXT. 

FROM THE FARM
IN TIMES OF TRAGEDY, THAT'S WHEN  AGRICULTURE'S TRUE CHARACTER SHINES. AND AFTER THE DEVESTATING WILDFIRE STUCK THE PLAINS, NOW  IS WHEN HELP IS NEEDED. ADN THAT HELP IS ROLLING  IN.  CHECK OUT THIS VIDEO WILLIAM CAPTURED OF A  CONVOY OF TRUCKS CARRYING HAY AND FENCING  SUPPPLIES HEADED FROM CHILLICOTHE, MO TO  ASHLAND, KANSAS. THAT'S 445 MILES ONE WAY. THIS  ISN'T THE FIRST TRIP THEY'VE MADE, OR THE FIRST  STORY WE'VE HEARD LIKE THIS. I'V EEVEN HEARD OF  HIGH SCHOOL AND COLLEGE AGE STUDENTS  VOLUNTEERING THIER TIME DURING SPRING BREAK  AND A DIFFERENT KIND OF DAMAGE JUST SOUTH OF  BARTLETT, TEXAS. ALLEN MEISSNER POSTED THIS  PICTURE OF HIS FREIND'S FIELD.. THE CORN  DESTORYED BY WILD HOGS, ALL IN ONE NIGHT. HE SAID  EVERY SEED IN THE ROWS WERE EATEN... AND ALL OF  THAT WILL HAVE TO BE REPLANTED.  NORA ENJOYING SOME TIME DOING NIGHTLY CHORES  WITH HER GRANDDAD THIS WEEK.  AND FROM OUR STAFF IN MEDICO, MISSOURI, LINDSEY  BENNE POSTED THIS PICTURE, SAYING THEY ARE  THANKFUL FOR RAIN BUT HOPING THE BLUE SKIES  STICK AROUND FOR A BIT... 

CLOSE
FROM ALL OF US AT U.S. FARM REPORT, I'M TYNE  MORGAN. THANK YOU FOR WATCHING U-S FARM  REPORT.  BE SURE TO JOIN US RIGHT HERE AGAIN NEXT  WEEK, AS WE WORK TO BUILD ON OUR TRADITION. HAVE  A GREAT WEEKEND, EVERYONE.  

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close