USFR Weekly Recap - July 21, 2016

July 21, 2016 03:30 AM
 

TODAY ON U.S. FARM REPORT
JULY 21, 2016


OPENING HEADLINES:
FROM THE STUDIOS OF FARM JOURNAL BROADCAST, THIS IS U.S. FARM REPORT. WELCOME TO U.S. FARM REPORT. I'M TYNE MORGAN, AND HERE'S WHAT WE'RE WORKING ON FOR YOU. USDA'S LATEST REPORT WAS A MARKET MOVER FOR COTTON AND CORN, BUT WHAT ABOUT WHEAT?  I STILL THINK THAT WE AS A FOLLOWER MARKET  WE HAVE THE NUMBERS AND MARKET DIRECTION FROM HERE.   COTTON PRICES REACHING A THREE YEAR HIGH THIS WEEK. AND IN COTTON COUNTRY, IT'S ONE PIECE OF EQUIPMENT CHANGING THE GAME , FROM THE FIELD TO THE CLOUD < WER'E REALLY SEEING A THIRST FOR THAT IN THE MARKETPLACE>  WE'RE ON THE ROAD WITH MACHINERY PETE HEADING TO GEORGIA.   IMMIGRATION REFORM HEATS UP ON THE CAMPAIGN TRAIL, WITH SOME IN AG AT ODDS.  "IN 2012, WE HIRED 1,630 DOMESTIC WORKERS AND THREE STAYED MORE THAN THREE DAYS,"
WE BREAK DOWN THE IMMIGRATION BATTLE IN OUR FARM JOURNAL REPORT.   AND IN JOHN'S WORLD...  IT'S A LONG WAY TO GO BUT IT MIGHT BE WORTH IT.
USDA UPDATES GIVE COMMODITIES BOOST:
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS WEEK, USDA UPDATING PRODUCTION AND STOCKS, HELPING GIVE COMMODITY PRICES A BOOST.  USDA BUMPING  UP 2016-17 CORN AND SOYBEAN PRODUCTION IN JULY'S SUPPLY-AND-DEMAND REPORT.  THE AG DEPARTMENT PEGGED CORN PRODUCTION AT 14-AND-A-HALF BILLION BUSHELS. THAT'S 110-MILLION  HIGHER THAN JUNE. YET, THE AGENCY LEFT THE YIELD ESTIMATE UNCHANGED AT 168 BUSHELS AN ACRE. HOWEVER, THE AGENCY LOWERING CARRYOVER, WHICH HELPED PRICES FIND STRENGTH ON TUESDAY.   COTTON HITS TWO YEAR HIGH:
 COTTON SKYROCKETING THIS WEEK TO A TWO-YEAR HIGH. THAT'S AFTER USDA SLASHED GLOBAL AND DOMESTIC ENDING STOCKS.  NEW CROP CARRYOVER NOW PEGGED AT 4 POINT 6 MILLION BALES, DOWN 200 THOUSAND FROM LAST MONTH. COTTON EXPORTS ALSO SAW A BOOST, UP 1 MILLION   BALES. THAT SET OFF A NICE RALLY IN COTTON, TRADING LIMIT UP TWO SESSIONS IN A ROW.  
RABOBANK:
RABOBANK CAUTIONS FARMERS THAT PRICE RESITANCE COULD COME FROM COMPETITOR FIBERS LIKE POLYESTER. 54 PERCENT OF THE U-S COTTON CROP IS IN GOOD TO EXCELLENT CONDITION,  TWO POINT DECLINE FROM LAST WEEK. THAT'S 3 POINTS POORER THAN LAST YEAR. THE REPORT SHOWING 32-PERCENT OF CORN IS SILKING...SIX POINTS AHEAD OF AVERAGE, IN THE MIDWEST, MISSOURI LEADS WITH 81-PERCENT, 30 POINTS AHEAD.  THE CONDITION RATING CLIMBED FROM LAST WEEK. OVERALL 76-PERCENT IS GOOD TO EXCELLENT. THERE WAS A TWO POINT GAIN IN THE EXCELLENT CATEGORY.  NOW TO SOYBEANS - 40-PERCENT IS BLOOMING, NINE POINTS HIGHER THAN AVERAGE,  SEVEN PERCENT IS SETTING PODS.   PRODUCTION ESTIMATE:
AMERICAN PRODUCTION ESTIMATE THIS WEEK. THE AGENCY NOW CALLING BRAZIL'S CORN   PRODUCTION TO BE 7 POITN 5 MILLION TONES LOWER THAN THE LAST REPORT. MUCH OF THAT DUE TO DRYNESS IN CENTRAL BRAZIL. AND THE SECOND CROP CORN HIT BY AN EARLY FREE IN JUNE.  USDA DID BOOST ARGENTINA'S CORN PRODUCTION BY 1 MILLION TONNES.   CATTLE INDUSTRY CONSOLIDATION RAISES CONCERNS:
CONCERNS ABOUT CONSOLIDATION IN THE CATTLE INDUSTRY. R-CALF U-S-A SENT A LETTER TO THE U.S. ATTORNEY GENERAL ASKING TO BLOCK THE PROPOSED SALE OF CARGILL CATTLE FEEDERS TO FRIONA INDUSTRIES. THEY SAY AT A COMBINED ONE AND A HALF MILLION HEAD, JOINING FORCES WILL SUBSTANTIALLY REDUCE COMPETITION IN THE FEEDER AND FED CATTLE MARKETS. THE CATTLE INDUSTRY THAT CONSOLIDATION IN RECENT YEARS ISN'T FROM MERGERS, BUT ADVERSE WEATHER CONDITIONS AND PRICES FORCING FEEDERS TO SELL OUT   
NATIONAL WEATHER:
THOSE ARE THE HEADLINES...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH WEATHER. MIKE, WE  HEATED UP THIS WEEK, BUT GOT SOME RAINS. IS THE SAME IN STORE FOR NEXT WEEK?  THANKS TYNE WELL YES AND NO YES ON THE HEAT IT'S GOING TO HEAT UP AGAIN PROBABLY MORE THAN WE SAW THIS PAST WEEK WITH THE RAIN PROBABLY A LITTLE MORE SCATTERED UNFORTUNATELY AND YOU CAN SEE ON THE DROUGHT MONITOR WE'RE GETTING WORSE IN THE SOUTHEAST ESPECIALLY IN NORTHERN GEORGIA WE'RE GETTING WORSE IN SOME OF THE BLACK HILLS AREA ALTHOUGH PARTS OF THAT AREA GOT SOME DECENT RAINS AND THE SOUTHWEST CONTINUES BAD IN CALIFORNIA OTHER THAN THAT IT'S JUST POCKETS OF DRYNESS DEVELOPING NO WIDESPREAD DROUGHT DEVELOPING AND THAT'S WHAT WE KIND OF ANTICIPATED THERE'S A WAVE THAT HAS CHANGED OVER THE LAST MONTH YOU CAN SEE WE'VE BEEN EXPANDING THESE LITTLE POCKETS HERE AND THERE AND IT JUST SO HAPPENS THAT SOME AREAS HAVE BEEN GETTING MISSED BY THE RAIN AND OTHERS HAVE BEEN GETTING A FAIR AMOUNT OF RAIN SO LET'S GO THROUGH THIS WEEK THERE IS MONDAY COLD FRONT MOVING THROUGH THE GREAT LAKES INTO THE CENTRAL MISSISSIPPI VALLEY SHOULD PRODUCE SOME DECENT SHOWERS AND THUNDERSTORMS BUT AS A ONE SHOT DEAL BACK IN OUR NEXT HALF HOUR WITH A LONGER RANGE FORECAST.
TEASE: 
THANKS, MIKE. COMMODITY PRICES SAW SOME LIFE.  WE'LL BREAK DOWN HOW MUCH OF IT WAS THE USDA REPORT, AND HOW MUCH WAS WEATHER. THAT'S WITH CRAIG VANDYKE AND MIKE FLOREZ AFTER THE BREAK.
ROUNDTABLE 1:
WELCOME BACK TO THE MARKING ROUNDTABLES MIKE BEFORE WE HIT ON SOME OF THE OTHER CROPS WITH SOYBEANS DO YOU THINK WE ARE PRICED JUST RIGHT TOO HIGH TOO LOW WHAT ARE YOUR THOUGHTS WELL I THINK WE ARE PRICED TOO LOW BECAUSE I'M LONG CALLS SO I THINK THERE'S GOING TO BE A PRICE APPRECIATION BUT AGAIN AS A BETTING ON WEATHER I'M BETTING ON EVENT AND I'M A SPECULATORS SO THAT'S WHAT I WANT I HAVE MY EXPOSURE TO I COULD BE WRONG I WOULDN'T BE SURPRISED IF THEY CHANGE THE WEATHER AND I WOULD HAVE TO LIVE AND DIE WITH THAT BUT I THINK THAT'S HOW I PLAY THE MARKET IF I'M RIGHT THERE'S A LOT MORE UPSIDE THAN IF I'M WRONG DOWNSIDE INTERESTING WHAT DO YOU THINK CRAIG?
ROUNDTABLE 2:
WELCOME BACK TO THE MARKING ROUNDTABLES MIKE BEFORE WE HIT ON SOME OF THE OTHER CROPS WITH SOYBEANS DO YOU THINK WE ARE PRICED JUST RIGHT TOO HIGH TOO LOW WHAT ARE YOUR THOUGHTS WELL I THINK WE ARE PRICED TOO LOW BECAUSE I'M LONG CALLS SO I THINK THERE'S GOING TO BE A PRICE APPRECIATION BUT AGAIN AS A BETTING ON WEATHER I'M BETTING ON EVENT AND I'M A SPECULATORS SO THAT'S WHAT I WANT I HAVE MY EXPOSURE TO I COULD BE WRONG I WOULDN'T BE SURPRISED IF THEY CHANGE THE WEATHER AND I WOULD HAVE TO LIVE AND DIE WITH THAT BUT I THINK THAT'S HOW I PLAY THE MARKET IF I'M RIGHT THERE'S A LOT MORE UPSIDE THAN IF I'M WRONG DOWNSIDE INTERESTING WHAT DO YOU THINK CRAIG? YOU KNOW YOU GOT A LOOK THAT AT IT SEPARATELY FROM A TRADER STANDPOINT AND A HEDGERS STAND POINT YOU KNOW IF YOU HAVE PROFITABILITY IN THE SOYBEANS I DON'T CARE HOW MUCH HIGHER WE ARE GOING IF YOU HAVE PROFITABILITY AT PRICES ELEVEN DOLLARS TEN FIFTEEN TEN BUCKS THOSE NUMBERS HAVE GOT TO BE PROTECTED 
TEASE:
THANK YOU SO MUCH ALL RIGHT WE'LL GET A CLOSING THOUGHT WHEN WE COME BACK ON U S FARM REPORT 
MARKET RALLY:
WELCOME BACK TO MARKETS NOW, TIME FOR THE CLOSING THOUGHTS MICHAEL FLOREZ WE WILL START WITH YOU. WELL, I WOULD SAY IF THERE IS EVER A YEAR FOR BECOMING SMARTER ABOUT THE MARKET SPERSONALLY THIS IS THE YEAR, BECAUSE VIRTUALLY EVERYONE ON THE STREET WAS WRONG ABOUT PRICES GOING HIGHER, SO IF YOU LISTEN TO OTHER PEOPLE'S ADVICE YOU HAVE  TO TAKE IT WITH A GRAIN OF SLAT, BECAUSE IT IS EASY TO BE WRONG IN THIS MARKET. EVERYBODY SAID SOLVE THAT MARKET AND BOY WERE THEY WRONG, INCLUDING ME, SO THE WHOLE STREET WAS WROING. GET SMARTER ON THE MARKETS. CRAIG? VOLATILITY  IS YOUR FRIEND. LIKE MIKE SAID IN THESE VOLATILE TIMES YOU HAVE TO GET A LITTLE BIT SMARTER BUT YOU HAVE TO REMOVE YOUR OWN PERSONAL BIAS. YOU START TO DO THAT YOU START TO PAY ATTENTION TO MORE PROFITABILITY THAT WERE DIFFERENT  OPPORTUNITIES. LIKE MANAGING THAT RISK AND MOVING IT A LONG. YOU ARE GOING TO FIND YOURSELF BEING A MUCH BETTER TRADER, MUCH BETTER MARKET. ALRIGHT, THANK YOU BOTH FOR BEING HERE THIS WEEK.
TEASE:
STAY WITH US, JOHN PHIPPS JOINS US WHEN WE COME BACK.
JOHN’S WORLD:
I FEEL LIKE WE'VE ALREADY TALKED SO MUCH ABOUT RAIN THIS WEEK.. IN THE FORECAST, IN THE ROUNDTABLES. BUT JOHN PHIPPS GIVES HIS TAKE ON RECENT RAIN. SINCE PLANTING IN APRIL, WE’VE BEEN GETTING BY RAIN-WISE. OVER THE YEARS, I’VE LEARNED NOT TO PANIC IF THE CROP GETS UP AND THEN THE RAINS TAPER OFF. MY THEORY IS IT HELPS THE PLANTS, ESPECIALLY CORN TO DRIVE ROOTS DEEPER BEFORE THEY STOP GROWING AFTER POLLINATION. STILL AFTER A COUPLE OF MONTHS OF ARGUING OVER WHO GOT THE THREE-TENTHS AND WHO GOT 5 TENTHS, I WAS BEGINNING TO GET THAT OLD FAMILIAR RAIN ANXIETY. THE TILE HAD STOPPED RUNNING A WEEK AGO, BUT WE HAVE PRETTY HEAVY GROUND SO I KNOW AS LONG AS WE KEEP OUT OF TRIPLE DIGIT TEMPERATURES, OUR CROPS CAN HANG ON LONGER THAN I CAN. NONETHELESS, OUR POLLINATION IS ALL BUT OVER, AND CROPS REALLY COULD JUMP AND FILL WITH A LITTLE MOISTURE.
TEASE:
THANKS, JOHN.   WHEN WE COME BACK. WE BREAK DOWN THE IMMIGRATION BATTLE ON BOTH SIDES. THAT'S OUR FARM JOURNAL REPORT AFTER THE BREAK.
SECOND HALF OF THE SHOW OPENING HEADLINES:
WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD THIS WEEKEND.  IT'S AN IMMIGRATION BATTLE THAT'S HEATING UP ON THE CAMPAIGN TRAIL. OUR FARM JOURNAL REPORT BREAKS DOWN BOTH SIDES OF THE ARGUMENT.  WE'RE ON THE ROAD WITH MACHINERY PETE, WHERE DESPITE HEADWINDS, THERE'S OPTIMISM IN GEORGIA.  AND JOHN PHIPPS GIVES SOME CLARITY TO LAST WEEK'S COMMENTARY ON BANKING.   BAYER BID FOR MONSANTO:
NOW FOR THE HEADLINES, BAYER IS UPPING ITS GAME TO BUY MONSANTO, RAISING THE BID BY 3 DOLLARS PER SHARE.   BAYER ANNOUNCING LATE THIS WEEK THE NEW OFFER IS IN THE HANDS OF MONSANTO.  BAYER SAYS THE REVISED ALL-CASH OFFER ALSO COMES WITH MORE CERTAINTY NOT ONLY ON   FINANCING, BUT REGULATORY CONCERNS.  THE DEAL NOW COMES WITH A 1 POINT 5 BILLION DOLLAR ANTITRUST BREAK FEE.   BLOOMBERG ALSO REPORTING THIS WEEK BASF AND MONSANTO REVIVING DISCUSSIONS ABOUT A POSSIBLE COMBINATION OF AGROCHEMICALS BUSINESSES. 

NATIONAL GMO LABEL PASSES IN HOUSE:
AG GROUPS CLAIMING A BIG WIN THIS WEEK, AS THE HOUSE PASSED THE NATIONAL GMO LABELING BILL ON THURSDAY.   THE MEASURE CLEARED WITH A VOTE OF 306 FOR AND 117 AGAINST.   PROFARMER WASHINGTON INSIDER JIM WEISMEYER SAYS THE PRESIDENT IS EXPECTED TO SIGN THE BILL INTO LAW. 
AND ONCE SIGN, VERMONT'S LABELING LAW BECOMES VOID.   BUT IT WILL TAKE UP TO THREE YEARS TO IMPLEMENT THE NEW NATIONAL STANDARD. AND WEISEMEYER SAYS COURT CHALLENGES ARE WIDELY ANTICIPATED.    DATA LOOKS INTO FARMLAND VALUES:
NEW DATA FROM TWO OF THE BIGGEST FARM LENDERS IN THE COUNTRY SAYS FARMLAND VALUES CONTINUE TO SLIDE DOWNWARD IN THE WESTERN CORN BELT.  BUT THE DROP IS NOT AS SEVERE AS WE'VE SEEN THE PAST THREE YEARS.  FARM CREDIT SERVICES OF AMERICA SAYS VALUES DROPPED THRE POINT FOUR PERCENT IN THE WESTERN CORNBELT.   STATE BY STATE,  IOWA SAW THE BIGGEST DECLINE WITH CROPLAND DOWN NEARLY SIX PERCENT ON AN ANNUAL BASIS. NEBRASKA CROPLAND IS DOWN ABOUT FIVE PERCENT. SOUTH DAKOTA IS OFF ABOUT THREE PERCENT. KANSAS ABOUT ONE PERCENT. 
ORANGE CROP:
FLORIDA'S ORANGE CROP IS FORECAST AT 16 PERCENT BELOW LAST YEAR.  USDA'S LATEST REPORT PEGGING TOTAL PRODUCTION IN THE STATE AT 3 AND A HALF MILLION TONS.  OVERALL, THE DEPARTMENT BUMPING THE ALL 2015 TO 2016 SEASON ORGANGE FORECAST UP 2 PERCENT FROM LAST MONTH. BUT THAT'S STILL 7 PERCENT LOWER FROM LAST YEAR.  MUCH OF THAT INCREASE COMING FROM CALIFORNIA, WHICH IS FORECAST TO BE 13 PERCENT LARGER THAN   LAST YEAR. 

LA NINA DEVELOPMENT UPDATE:
THAT'S IT FOR NEWS...NOW LET'S CHECK BACK IN WITH MIKE HOFFMAN. MIKE, NOAA SAYING THIS WEEK THERE'S A 50 PERCENT CHANCE LA NINA DEVELOPS IN AUGUST AND A 57 PERCENT CHANCE FOR SEPTEMBER.   ARE YOU STILL IN THE LA NINA CAMP THAT WE'LL SEE LA NINA THIS YEAR? 
WELL THANKS TYNE THAT'S ALWAYS A TOUGH CALL THEY ARE BACKING OFF A LITTLE BIT ON HOW QUICKLY LA NINA GETS HERE AS THE COMPUTER MODELS HAVE BEEN DOING BUT THE COMPUTERS DON'T DO A REAL GOOD JOB WITH LA NINA OR EL NINO SO THAT'S SOMETHING WE STILL HAVE TO WAIT AND SEE STILL A GOOD CHANCE AT LEAST BY WINTER JET STREAM AS YOU CAN SEE AS WE HEAD THROUGH THIS WEEK THE RIDGE BEGINS TO BUILD IN THE MIDDLE OF THE COUNTRY THAT'S GONNA BRING SOME INTENSE HEAT TO MOST AREAS STILL A TROUGH ON WEDNESDAY IN THE NORTHEAST AND THE NORTHWEST YOU CAN SEE THE RIDGE EXPECTED TO HOLD MOST OF NEXT WEEK THERE'S FRIDAY WITH MOST OF THE LOWER FORTY EIGHT UNDER IT THEN WE START TO SEE THAT SAME PATTERN DEVELOP WHERE A TROUGH STARTS TO DIG INTO THE GREAT LAKES AND THE NORTHEAST ALL RIGHT HERE'S MY 30 DAY OUT LOOK FOR TEMPERATURES I SEE NO BELOW NORMAL AREAS NEAR NORMAL CENTRAL AND SOUTHERN PLAINS ABOVE NORMAL FOR MOST OF THE REST OF THE LOWER FORTY EIGHT AS YOU CAN SEE THERE AS FAR AS PRECIPITATION IS CONCERNED THIS IS ALWAYS A TOUGH CALL I THINK IT WILL AVERAGE NEAR NORMAL ACROSS THE CORN BELT IN THE MIDDLE OF THE COUNTRY BUT SOME AREAS WILL GET MORE SOME AREAS WILL GET LESS 
THANKS, MIKE.  

IMMIGRATION:
THE SUPREME COURT'S SPLIT DECISION ON  IMMIGRATION LAST MONTH IS ONLY RATCHETING UP   COMMENTARY THIS ELECTION CYCLE.   IT IS ALSO CREATING UNEASE FOR THOSE OPERATIONS THAT RELY ON IMMIGRANT LABOR.   IN THIS WEEKEND'S FARM JOURNAL REPORT,  BETSY JIBBEN TELLS US WHY REACTIONS FROM FARM   COUNTRY ARE MIXED.   WE'VE ALL HEARD THE VIEWS ABOUT IMMIGRATION FROM POLITICIANS.   "ONE OF THE REASONS WHY AMERICA IS SUCH A DIVERSE AND INCLUSIVE NATION IS BECAUSE WE'RE A NATION OF IMMIGRANTS,"  "WE ARE GOING TO BUILD A WALL AND MEXICO IS GOING TO PAY FOR THE WALL. THEY WILL PAY FOR IT!"  BUT THE TOPIC MAY BE MORE FAR REACHING THAN WASHINGTON REHTORIC.. 
TEASE:
THANKS SO MUCH, BETSY. PRESIDENTIAL HOPEFUL HILLARY CLINTON SAID ON TEH   CAMPAIGN TRAIL SHE SUPPORTS COMPREHENSIVE IMMIGRATION REFORM WITH A PATH TO FULL AND   EQUAL CITIZENSHIP.   UP NEXT, JOHN PHIPPS.  
 CUSTOMER SUPPORT:
JOHN PHIPPS CLARIFIES SOME CONFUSION FROM LAST WEEK'S COMMENTARY IN THIS WEEK'S CUSTOMER SUPPORT.  JOHN.   THIS RESPONSE FROM ANDY GILBERT AFTER MY COMMENTS ABOUT COMMUNITY BANKS.  "IN YOUR COMMENTARY ON SMALL BANKS YOU MENTIONED THAT THE FARM CREDIT SYSTEM GETS ITS  MONEY FROM SELLING BONDS WITH A GOVERNMENT GUARANTEE.  THAT IS NOT TRUE- THE FARM CREDIT SYSTEM DOES GET MONEY BY SELLING BONDS, BUT THE  GOVERNMENT DOES NOT GUARANTEE FARM CREDIT SYSTEM SECURITIES.  PLEASE MENTION THIS AND CORRECT YOUR ERROR."  ANDY, WHILE YOU ARE CORRECT ABOUT FCS BONDS NOT HAVING A FEDERAL GUARANTEE, THAT IS NOT   WHAT I ACTUALLY SAID. AS THEY USED TO SAY, LET'S GO TO THE TAPE. 
TEASE:
WHEN WE COME BACK, SOME OPTIMISM IN COTTON COUNTRY IS IMPACTING EQUIPMENT BUYS. WE'RE ON THE ROAD WITH MACHINERY PETE NEXT.   MACHINERY PETE:
ON TEH ROAD WITH MACHINERY PETE SPONSORED BY JOHN DEERE. NOTHING RUNS LIKE A DEERE.
WE'RE CONTINUING OUR ON THE ROAD WITH MACHINERY PETE SERIES THIS WEEK, WITH A TRIP   DOWN SOUTH TO LASSETER EQUIPMENT IN MOULTRIE, GEORGIA.   AS YOU'LL SEE, FARMING IN GEORGIA IS DIVERSE, AND IT'S THAT WAY FOR A REASON. BUT CROPS LOOK   PROMISING, AND IT'S SPARKING A SENSE OF OPTIMISM FOR 2016.   <WE'VE GOT A PRETTY GOOD MIX>  FARMING IN SOUTHERN GEORGIA IS PLANTED GENERATIONS DEEP. BUT WITH DRY, SANDY SOILS,   FAMERS HERE WEATHER THE STORMS BY HAVING A DIVERSE OPERATION. 
COTTON HITS TWO YEAR HIGH:
AS WE REPORTED EARLIER IN THE SHOW, COTTON HIT A TWO YEAR HIGH THIS WEEK IN THE 70 CENT RANGE. THE FOLKS AT LASSETER TELL ME THAT BULLISH MOMENTUM IS DEFINITELY HELPING PAINT A MORE PROMISING PICTURE FOR 2016, QUICKLY IMPROVING MOODS IN THE AREA. BUT PRICES STILL NEED TO CLIMB INTO THAT 80 CENT RANGE TO GUARENTEE FARMERS SEE PROFITS THIS YEAR.   

TEASE:
WHEN WE COME BACK, TRACTOR TALES AND OUR COUNTRY CHURCH SALUTE...PLEASE STAY WITH US. 

TRACTOR TALES:
TRACTOR TALES BY MACHINERY PETE,THE MOST TRUSTED NAME IN EQUIPMENT.  THIS WEEK ON TRACTOR TALES WE'VE GOT A CLASSIC WORKHORSE FROM LOUISINA. THIS FARMALL 1086 IS CURRENTLY IN ITS WORKIGN CLOTHES, BUT BUDDY BANKS HAS PLANS TO MAKE SOME MINOR   IMPROVEMENTS.  
CHURCH SALUTES:
THANKS GREG AND ..... THIS WEEKEND'S COUNTRY CHURCH SALUTE GOES TO ST PAUL'S LUTHERN CHURCH IN NORFOLK, NEBRASKA, CELBRATING 150 YEARS.  FOUNDED IN 1866, THE CONGREGATION STILL CONTINUES TO SUPPORT CHRISTIAN EDUCATION. THEIR   PRE K-8TH GRADE SCHOOL HAS BEEN GOING STRONG FOR THE AST 149 YEARS.  OUR THANKS TO DENNIS BRANDT AND CAROL SCHLIEWEFOR SHARING THEIR STORY. 
CROP COMMENTS:  
STAY WITH US, MIKE JOINS ME FOR VIEWER PHOTOS NEXT.

MIKE, SOME HEAT THIS WEEK, BUT ALSO RAIN. JASON IS IN OHIO. AND THE DROUGHT MONITOR SHOWS IT'S STARTING TO GET DRY, AND THAT'S EXACTLY WHAT JASON IS SEEING. YOU CAN SEE HIS ADORABLE DAUGHTER HERE STANDING IN FRONT OF SOME CORN PLANTED MOTHER'S DAY.  HE SAYS THEIR LAST SIGNIFICANT RAIN WAS FOUR AND  HALF WEEKS AGO  AND THE LATER PLANTED CORN IS REALLY STRUGGLING FROM THE LACK OF MOISTURE.
CLOSING:
 FOR JOHN, AL AND MIKE, 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.  

 

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