USFR Weekly Recap -June 4-5, 2016

June 4, 2016 03:30 AM
 

TODAY ON U.S. FARM REPORT
JUNE 4-5, 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. OVER THE NEXT 60 MINUTES. SOYBEAN PRICES HIT NEAR 2-YEAR HIGHS. BUT CAN A WEATHER SCARE SHOOT PRICES EVEN HIGHER?   <"IF WE DO GO TO A LA NINA, I ACTUALLY THINK IT'S GOING TO BE A 2017 ISSUE>  IT'S A SUMMER WEATHER OULTOOK IN OUR FARM JOURNAL REPORT. GREETED BY CATTLE GUARDS AND GRAVEL ROADS, IT BECAME A POPULAR TOURIST ATTRACTION IN THE 1960S...  < THERE WASN'T A ROAD OUT HERE AT THE TIME AND HE SAID YOU CAN GO TO THE PASTURE JUST REMEMBER TO SHUT THE GATES>  ANDREW MCCREA TAKES US TO THE TALLEST POINT IN KANSAS.   AND IN JOHN'S WORLD...  WHAT'S AI. YOU'RE ABOUT TO GET A LESSON.   SOYBEAN RALLY:
NOW FOR THE NEWS THAT MOVED THE MARKETS THIS WEEK, SOYBEAN PRICES HITTING 21 MONTH HIGHS THIS WEEK,  SOARING PAST THE 11 DOLLAR MARK FOR THE FIRST TIME SINCE SEPTEMBER 2014.  ANALYSTS SAY THERE'S NO REAL FUNDAMENTAL  REASON FOR THE PRICE SURGE, WITH THE RALLY  LARGELY SPARKED BY FUND ACTION.  THE START OF THE NEW MONTH MEANS NEW FUND  MONEY.   AS YOU CAN SEE ON THE CHART OF THE JULY  CONTRACT, PRICES TRENDING HIGHER SINCE MARCH.  

BRAZIL FACTOR:
ANOTHER FACTOR LENDING SOYBEANS A FAVOR IS  BRAZIL. THE COUNTRY'S ECONOMY SPIRALING EVEN DEEPER INTO RECESSION.  BUT JUST THIS WEEK, BRAZIL'S GOVERNMENT SAID IT'S  TRYING TO HELP  BY PROVIDING NEARLY 6 BILLION DOLLARS IN ADDITIONAL CREDIT TO FARMERS AND RANCHERS.   THE MONEY IS TO ENTICE EQUIPMENT PURCHASES AND OTHER INVESTMENTS, AND WILL GO INTO EFFECT JULY FIRST.  NEW NUMBERS RELEASED THIS WEEK SHOWS THE  ECONOMY SHRANK 5 POINT 4 PERCENT IN THE FIRST  QUARTER OF THE YEAR. REPORTS THIS WEEK SHOWED THE SITUATION COULD   BODE WELL FOR U-S FARMERS.  THAT'S BECAUSE BRAZIL'S FARMERS COULD HEDGE THE  COUNTRY'S SOFTENING CURRENCY AND POLTICAL  UNCERTAINTY  BY HOLDING ONTO THEIR CORN CROP A  LITTLE LONGER.  IN MAY, THE VALUE OF THE REAL DROPPED NEARLY 5 PERCENT.   BRAZILIAN FARMERS WILL HAVE TO MAKE A MOVE AND SELL CORN:
DESPITE THE UNCERTAINTY, BRIAN GRETE THINKS  BRAZILLIAN FARMERS WILL STILL NEED TO SELL THEIR   CROP. <I DON'T SEE A WHOLE LOT OF THAT HAPPENIGN TO BE HONEST WITH YOU. WE'VE GOT RTEALLY STRONG CORN PRICES IN BRAZIL RIGHT NOW. THE BRAZILLIAN FARMER IS GOING TO HAVE TO MAKE SOME SALES TO CAPITALIZE AND GAIN SOME CAPITAL. AS WE LOOK FORWARD TO PLANTING DECISIONS FOR THEIR NEXT GROWING SEASON, SO IT COMES DOWN TO A  CASH FLOW SITUATION> GRETE SAYS THE BIG BENEIFT TO U-S FARMERS WILL  COME IN THE FORM OF EXPORTS, AS BRAZILLIAN  PRODUCTION FELL OF DRAMATICALLY FROM ALL THE  WEATHER ISSUES FARMERS FACED THIS YEAR.
BAYER UPS BID FOR MONSANTO:
A NEW BLOOMBERG REPORTS CLAIMS BAYER HAS  SECURED 63 BILLION DOLLARS IN FINANCING FOR A   MONSANTO TAKEOVER BID. THIS IS UP FROM THE 62 BILLION OFFER LAST MONTH.  THE SHORT TERM LOANS ARE REPORTED TO COME  FROM CREDITORS SUCH AS BANK OF AMERICA, GOLMAN  SACHS, JP MORGAN CHASE AND MORE. THE BRIDGE LOAN ALSO INCLUDES AN OPTION TO INCREASE, SHOULD BAYER DECIDE TO UP THE OFFER AGAIN. 
PROTESTORS IN TAIWAN DISPUTE LOOSER U-S PORK RESTRICTIONS:
POSSIBLE EASING OF RESTRICTIONS ON U-S PORK IS  CAUSING PROTESTS IN TAIWAN THIS WEEK. THE GOVERNMENT CURRENTLY BANS U-S PORK  TREATED WITH THE FOOD ADDITIVE RACTOPOMINE,  WITH SOME SAYING IT'S A HEALTH HAZARD.  BUT A NEW POLITICAL PARTY CAME INTO CONTROL TEN DAYS AGO. ACCORDING TO OUR REPORTING PARTNERS AT THE PORK NETWORK, THE NEW AG MINISTER SAYS THAT  ISSUE WILL NEED TO BE RESOLVED BEFORE THE COUNTRY CAN JOIN THE TRANS-PACIFIC PARTNERSHIP.
CATTLE COLLAPSE COMPLETES NEXT STEP IN INVESTIGATION:
THE CATTLE PRICE COLLAPSE OF 2015 WILL GET  ANOTHER LOOK.  THE U-S GOVERNMENT ACCOUNTABILITY OFFICE  ACCEPTED THE REQUEST FROM THE SENATE JUDICIARY  COMMITTEE TO REVIEW THE REASONS CATTLE PRICES SAW SUCH A STEEP DROP LAST YEAR. THE U-S WATCHDOG AGENCY WILL ALSO EXPLORE THE IMPACT OF HIGH FREQUENCY TRADING ON CATTLE FUTURES.  THE AGENCY DIDN'T GIVE A TIME FRAME FOR  COMPLETING THE FORMAL REVIEW.   CORN BELT PLANTING PROGRESS:
THE EASTERN CORN BELT MADE MAJOR PLANTING HEADWAY LAST WEEK. USDA SAYS AS OFMAY 31 T, 94 PERCENT OF THE CORN IS  PLANTED, 2 POINTS AHEAD OF NORMAL. INDIANA, MICHIGAN AND OHIO MAKING THE BIGGEST PROGRESS, JUMPING UP MORE THAN 20 POINTS IN JUST ONE WEEK. 78 PERCENT OF THE CORN IS POPPING THROUGH THE GROUND, UP 3 FROM THE 5 -YEAR AVERAGE.   LOOKING AT SOYBEANS, 73 PERCENT IS IN THE GROUND, 7 POINTS AHEAD OF AVERAGE. 45 PERCENT IS   EMERGED.   NATIONAL WEATHER:
   THOSE ARE THE HEADLINES...METEOROLOGIST MIKE  HOFFMAN JOINS US NOW WITH OUR FIRST LOOK AT WEATHER. MIKE, OUR FRIENDS IN TEXAS AND LOUISINA  CAN'T CATCH A BREAK FROM ALL THIS RAIN.. IS NEXT  WEEK ANY DIFFERENT?  
YES TYNE IN A NUTSHELL IT SHOULD BE DIFFERENT FOR TEXAS IS A LOT OF MOISTURE STAYS FARTHER NORTH THIS WEEK SO THAT'S THE GOOD NEWS BUT YOU'LL NOTICE DESPITE ALL THE RAGE IN TEXAS PLACES IN NORTHERN ALABAMA NORTHERN GEORGIA ACTUALLY GOT INTO A SEVERE DROUGHT NOW IN THIS AREA HAS BEEN EXPANDING YOU SEE FOUR WEEKS AGO OVER THE PAST MONTH WE'VE SEEN THINGS GET BETTER OVER THE PLANES ALTHOUGH OBVIOUSLY TOO WELL IN PLACES IT'S GETTING WORSE IN PARTS OF THE SOUTHEASTCONTINUES TO GET A LITTLE BIT BETTER OUT WEST EVEN THOUGH THEY'RE STILL PRETTY LARGE AREAS OF CALIFORNIA WITH EXTREME DROUGHT OR WORSE.
TEASE:
THANKS, MIKE. FROM THE SURGE IN SOYBEANS TO LIVE CATTLE PRICES TRENDING HIGHER, WE'LL COVER IT ALL WITH THIS WEEK'S ANALYSTS, BRAD MATTHEWS AND CRAIG VANDYKE JOIN ME NEXT.  
ROUNDTABLE 1:
WELCOME BACK TO U S FARM REPORT THIS WEEK AND THE GROUND IN THEIR NEW WORK PROGRAM  BRAD ACK USE OF ROCHE AG MARKETING MONEY THANKS TO TALK ABOUT THIS WEEK BUT LET'S TALK ABOUT THIS EXCITING SOYBEAN MARKET TO START OFF WITH FLEW PAST THE ELEVEN HOUR MARK WHAT'S THE REASON FOR THIS RALLY WELL THE BIGGEST THING GOING ON RIGHT NOW IS YOU HAVE THE FUNDS THAT ARE COMING IN BY THIS THING SO TO MANAGE MONEY IS REALLY COMING AFTER THIS AND THEY DON'T HAVE AS MUCH PRESSURE IS WE WOULD IN NORMAL YEARS BECAUSE A LOT OF PEOPLE WERE SAYING EH IT'S NINE DOLLARS BEINGS NINE TWENTY FIVE B NINETY TWO BEING SELL SELL SELL A LOT OF OLD CROP BEANS ARE BEING SOLD A DOLLAR A DOLLAR FIFTY IN SOME CASES TWO DOLLARS AGO AND NOW THAT I BELIEVE THERE'S A LOT OUT THERE IN THE COUNTRYSIDE IS NOT THE MEANS TO BE SOLD WITH THE FUNDS GO AHEAD AND BUYING HAD THAT SAME PRESSURE SO THAT YOU WOULD CALL SOME FORM OF A SHORT SQUEEZE REALLY PUSH THE MARKET UP FAST HE MENTIONED WE'RE LOOKING AT NINE A TEN DOLLAR BEANS AND FARMER SOLD A LOT OF EFFORT FROM FARMERS THAT ARE FRUSTRATED BECAUSE THEY SAY THE MARKING OF ICE THAT YOU'RE GIVING US TO SELL LONG TIME AGO NOW ROUNDTABLE 2:
WELCOME BACK TO US FARM REPORT WHEN WE LOOK AT THE SITUATION IN BRAZIL AND THE RECESSION WHAT TYPE OF IMPACT IS THAT GOING TO HAVE ON U S FARMERS EISLEY CURRENCIES IN THE FIRST THING WE ALL LOOK AT YOU LOOK AT WHAT CURRENCIES AND ON SINCE EARLY MARCH WE'VE SEEN REALLY ACTUALLY FIND SOME SCENES HERE WHETHER THAT'S ON ALL SO REAL PRETENSES IT IS ONE IS SIMILARLY WE'VE SEEN THE U S DOLLAR BREAK DURING THE SAME TIME SO IF BRAZIL IS YOU KNOW HEADING THAT ROUTE CONTINUE TO GO DEEPER AND DEEPER WHAT IS THAT DUE TO THEIR CURRENCY WILL AFFECT EXPORT BOARD IF THEY STILL HAVE THE CROP THAT YOU KNOW THEY WERE EXPECTING TO THREE MONTHS AGO WHICH IS OBVIOUSLY CHANGED SO 
MARKET RALLY:
WELCOME BACK TO MARKETS NOW, BRAD MATTHEWS OF ROACH AG MARKETING WHAT DO YOU HAVE FOR US TODAY. NOW I HAVE TO THINK THAT WAS MOST IMPORTANT FOR PRODUCERS IS TO HAVE A GOOD RISK AND STRATEGY HERE WE ARE AT LEVELS THAT PROBABLY NEED TO HAVE SOME FORM OF SALES WITH CALLS AGAINST IT OR SOME FORM OF A POINT UNDERNEATH THE FOURTH FLOOR YOU CANNOT DO ANYTHING HERE AT THESE PRICE LEVELS THERE IS DOWNSIDE RISK BUT ALSO IF THIS LA NINA PATTERN REALLY TAKES PLACE THERE IS ALSO A LOT OF UPSIDE RISK SO YOU WANT TO MAKE SURE YOU HAVE OUTSIDE ATTACHED FLOOR ONLY LIMITED UPSIDE ON BUSHELS OR SELLING WITH A CALL FROM CRAIG YOU KNOW SIMILARLY TO WHAT BRAD SAID IS YOU KNOW YOU CANNOT BE COMPLACENT HERE COMPLACENCY KILLS AND LOOK FOR AGRICULTURE HAS COME HERE GREEN PRODUCTION IN THE MARKETS BREATHED A SIGH OF RELIEF HERE AND SO IT'S NOT TIME TO LISTEN TO ABSOLUTELY IF YOU'RE NOT LOOKING FOR IN UNDER THIS STUFF FOR MAKING SOME CASH SALES NEED TO BE LOOKING AT NOW EVERYBODY IS BULLISH AND WHEN YOU LEAST EXPECT IT WE HAD BACK TO AREAS WHERE WE HAVE PROBLEMS CELL LEADER SOUGHT THE UPSIDE BUT THE RIGHT TO MAKE SURE THAT GOOD ADVICE THIS WEEK TO JOIN WITH US 
JOHN’S WORLD:
TECHNOLOGY ON THE FARM CONTINUES TO EVOLVE,  DRASTICALLY CHANGING IN ONLY A MATTER OF YEARS... AND WE'RE ONLY SCRATCHING THE SURFACE. JOHN HAS MORE FROM THE FARM.   IN ONE OF THOSE ODD NEWS EVENTS THAT MAKE YOU  SAY, "HUH", RECENTLY A COMPUTER ARTIFICIAL   INTELLIGENCE OR "AI" DEFEATED THE WORLD'S BEST GO PLAYER. I KNOW NOTHING ABOUT THE CHINESE GAME OF GO, BUT IT WAS UNIVERSALLY RECOGNIZED AS ONE OF THE MOST DIFFICULT GAMES TO MASTER. WE'VE ALREADY SEEN HOW COMPUTERS NOW DOMINATE CHESS, AND EVEN JEOPARDY - AND THE GAP IS GROWING. THESE REMARKABLE ACHIEVMENTS BY COMPUTER SCIENCE HAVE PROMPTED BOTH CHEERSAND ALARM. BECAUSE GO IS INCREDIBLY COMPLEX AND EACH MOVE HAS THOUSANDS OF POSSIBLE OUTCOMES, IT WAS ONE OF THE LAST HOPES THAT THERE WERE   SOME THINGS HUMANS COULD DO THAT COMPUTERS  COULD NEVER MASTER.  MORE UNSETTLING WAS HOW THE "AI" ACCOMPLISHED THE WIN. NEWER AI PROGRAMS HAVE THE ABILITY TO  NOT JUST BRUTE FORCE CALCULATE AND RANK MILLIONS OF OPTIONS BUT ACTUALLY LEARN STRATEGY  AND TACTICS AS THEY PLAY. IN FACT, AFTER THE MATCH, THE WORLD'S BEST GO PLAYER COMMENTED THE COMPUTER MADE MOVES HE HAD NEVER SEEN A HUMAN MAKE. I DON'T KNOW ABOUT YOU, BUT THAT MAKES THE HAIR STAND UP ON MY NECK. THERE HAVE BEEN MYRIAD IMPLICATIONS OFFERED  REGARDING WHAT THIS MEANS FOR THE FUTURE. ONE IS MACHINES ARE NOT JUST A THREAT TO THE JOBS OF  ASSEMBLY LINE WORKERS, BUT KNOWLEDGE WORKERS  AS WELL. THE MASSIVE LAYOFFS IN THE LUCRATIVE  FINANCE INDUSTRY, FOR EXAMPLE, IS DRIVEN BOTH BY   MORE SOPHISTICATED TECHNOLOGY AND A SHIFT TO PASSIVE TRADING RATHER THAN DEPENDING ON A  HUMAN ADVISOR. MEDICAL DIAGNOSES ARE SLOWLY BEING MADE MORE OFTEN WITH THE AID OF A   COMPUTER, AS WELL AS READING MEDICAL SCANS TO DETECT ABNORMALITIES. 
TEASE:
SO, TRUE. THANKS, JOHN. WELL, IT'S NO SECRET THAT THE MARKETS ARE KEEPING A CLOSE EYE ON WEATHER. BUT HOW COULD THE SWITCH FROM EL NINO TO LA NINA PAN OUT THIS YEAR. WE HAVE A SUMMER WEATHER OUTLOOK AFTER THE BREAK.  
SECOND HALF OPENING HEADLINES:

FROM THE STUDIOS OF FARM JOURNAL BROADCAST,  THIS IS U.S. FARM REPORT.  WELCOME BACK TO U-S FARM REPORT. WE HAVE MUCH MORE AHEAD OVER THE NEXT HALF HOUR. LA NINA IS A BUZZ WORD RIGHT NOW, BUT COULD IT SPARK A MAJOR WEATHER RALLY THIS SUMMER?  THAT'S OUR FARM JOURNAL REPORT. ANDREW MCCREA TAKES US TO THE HIGHEST POINT IN  THE SUNFLOWER STATE, WHICH USED TO BE ONE  RANCHER'S SECRET CATTLE GAZING SPOT. AND IN CUSTOMER SUPPORT, JOHN'S BACK WITH ROUND 2 OF THE TRADE DEFICIT.   SUPREME COURT RULES THAT FARMERS CAN CHALLENGE CLEAN WATER ACT:
NOW FOR THE HEADLINES, A WIN FOR FARMERS AND  RANCHERS WORRIED ABOUT GOVERNMENT   OVERREACH, AS THE SUPREME COURT RULED THIS WEEK THAT LANDOWNERS CAN CHALLENGE THE CLEAN  WATER ACT IN COURT. IN A UNANIMOUS DECISION THE SUPREME COURT NOW  MAKES IT EASIER TO ARGUE THE FEDERAL GOVERNMENT'S ABILITY TO REGULATE WATER ON  PROPERTY.  IN THE CASE, THE SUPREME COURT SIDED WITH NORTH  DAKOTA BASED HAWKES COMPANY, WHICH WANTS TO HARVEST PEAT FROM WETLANDS IN MINNESOTA.  BUT THE ARMY CORPS OF ENGINEERS STALLED THOSE  PLANS, DETERMINING THE WATER LAND CONTAINED WATERS OF TEE U-S AND NEEDED TO BE FILED UNDER THE CLEAN WATER ACT.  WITH TUESDAY'S RULING, A  LANDOWNER CAN NOW APPEAL THROUGH THE FEDERAL COURTS OVER A WATER BODY THAT'S SUBJECT TO FEDERAL JURISDICTION AND PERMIT REQUIREMENTS UNDER THE  ACT  
EPA SAYS ATRAZINE COULD DAMAGE ENVIRONMENT:
EPA SAYS ONE OF THE NATION'S MOST USED CORN AND SORGHUM HERBICIDES  COULD HARM THE   ENVIRONMENT. AND NOW THE MAKER OF THE CHEMICAL IS FIRING BACK.  EPA COMING OUT WITH ITS DRAFT ECOLOGICAL REPORT ON ATRAZINE THURSDAY.  THE AGENCY FOUND THE AMOUNT OF ATRAZINE  RELEASED INTO THE ENVIONRMENT IN THE U-S IS   LIKELY HARMING MOST SPECIES OF PLANTS, BIRDS,  MAMMALS, AMPHIBIANS AND REPTILES.   UP UNTIL THIS POINT, EPA DETERMINED THE PROPER USE OF OF THE CHEMICAL WAS SAFE. BUT THE MAKER OF ATRAZINE, SYNGENTA, SAYS THE MOST RECENT DRAFT REPORT IS FLAWED, CLAIMING  EPA'S FINDINGS DISCOUNTED SEVERAL RIGOROUS SCIENTIFIC STUDIES OF THE CHEMICAL. 
TRUMP MAKES CLAIMS TO SOLVE CALIFORNIA DROUGHT:
 <AND WE'RE GONNA SOLVE YOUR WATER PROBLEM. .> TRUMP SPEAKING AT A RALLY IN FRESNO, CALIFORNIA   LAST WEEK TOLD FARMERS AND RANCHERS IT'S NOT THE DROUGHT CAUSING SUCH WATER SHORTAGES, BUT MISMANAGEMENT OF H2O. .  <AND I JUST MET WITH A LOT OF FARMERS WHO ARE GREAT PEOPLE. AND THERE'S SAYING WE DON'T EVEN UNDERSTAND IT. THEY DON'T UDNERSTAND IT, NOBODY UNDERSTANDS IT. AND I'V EHEARD THIS FROM OTHER FRIENDS OF MINE IN CALIFONRIA, WHER ETHEY HAVE FARMS UP HERE AND THEY DON'T GET WATER. I SAID OH THAT'S TOO BAD, IT'S THE DROUGHT. THEY SAY NO, WE HAVE  PLENTY OF WATER, I SAY WAHT'S  WRONG.
TASTY BISON:
IT SEEMS CONSUMERS ARE TURNING TASTES TO BISON. THE NATIONAL BISON ASSOCIATION SAYS U-S  SALES  ARE UP 22 PERCENT IN JUST TWO YEARS.THAT'S INCLUDING SALES TO BOTH SUPERMARKETS  AND RESTAURANTS. THE ASSOCIATION REPORTS SALES REACHED 340 MILLION DOLLARS IN 2015. AND NOW THE CONCERN SHIFTS TO FINDING ENOUGH MARKET-READY ANIMALS  TO MEET THE GROWING DEMAND.  

NATIONAL WEATHER:
   THAT'S IT FOR NEWS...METEOROLOGIST MIKE HOFFMAN JOINS US NOW WITH THE NATIONAL   FORECAST. MIKE, WE'RE SEEING DROUGHT POP UP IN PARTS OF IOWA AND THE SOUTH IN THE LATEST   DROUGHT MONITOR. YEAH THAT'S RIGHT TYNE AND WE'RE GOING TO HAVE TO SEE SOME SYSTEMS AFFECT THOSE AREAS TO TO GET SOME HELP IN THAT AND THERE MIGHT BE SOME OF THIS COMING WEEK HE CAN STEAL A JET STREAM   BRINGING IN A TROUGH ACROSS THE GREAT LAKES THIS WOULD BE PRETTY DRY THOUGH FROM THE SOUTHEAST ALSO INTO THE NORTHERN PLAINS AT LEAST TO START THE WEEK BUT THEN THAT MOVES THE WAY WE START TO HEAT THINGS UP AFTER WEDNESDAY IS THE RIDGE MOVES IN THE FARTHER EAST AND THAT WILL BRING SOME MORE SHOWERS AND THUNDERSTORMS   HURRICANE SEASON BEGINS:
THIS WEEK MARKS THE OFFICIAL START OF THE 2016 HURRICANE SEASON.  AND THE NATIONAL OCEANIC AND ATMOSPHERIC  ADMINISTRATION IS PREDICTING A NEAR AVERAGE   YEAR. NOAA OFFICIALS ARE CALLING FOR 10 TO 16 NAMED  STORMS WITH 4 TO 8 HAVING THE POTENTIAL TO  BECOME HURRICANES. 
FARM JOURNAL REPORT:
HURRICANES TO DROUGHT, PREDICTIONS ARE FLYING AROUND, SPARKING HOPE OF A WEATHER PRICE RALLY  THIS SUMMER. SO, WHAT CAN YOU EXPECT? BETSY JIBBEN HAS THIS WEEK'S FARM JOURNAL REPORT. A FARMER KNOWS YOU CAN'T CONTROL THE WEATHER.  6672 KEITH SCHROEDER- DEFIANCE COUNTY, OHIO:<"I DON'T LET THE WEATHER GET TO ME AS MUCH AS I DID 25 YEARS AGO WHEN I WAS MUCH MUCH YOUNGER,">  AND IN THAT TIME, FORECASTING TOOLS AND  TECHNIQUES HERE CHANGES AS WELL. OUR METEROLOGIST MIKE HOFFMAN IS ANTICIPATING A WARMER 90 DAY OUTLOOK FOR MOST OF THE COUNTRY   WHAT COULD BE THE IMPACT OF LA NINA OR EL NINO?:
RYAN MARTIN IS A GRAIN TRADER AND METEROLOGIST FOR HOOSIER AG. TODAY. HE SAYS EL NINO AND LA NINA WON'T LEAVE MUCH OF AN IMPACT THIS YEAR.  <"EL NINO OR LA NINA, IT'S NOT A MAJOR FACTOR. IT'S A BUZZ-WORD RIGHT NOW,">  HE SAYS THE TREND IS WARMER AND WETTER. NOT GENERALLY A SIGN OF A STRONG LA NINA INTO   SUMMER.  <"IF WE DO GO TO A LA NINA, I ACTUALLY THINK IT'S GOING TO BE A 2017 ISSUE, NOT A 2016 ISSUE. WHY? BECAUSE WE'RE STILL IN EL NINO IGHT NOW. GIVE IT THREE MONTHS TO EASE BACK.
TEASE:
THANKS SO MUCH BETSY. UP NEXT, JOHN PHIPPS. 

CUSTOMER SUPPORT:
JOHN'S BACK WITH ROUND TWO OF HIS TALK ON THE TRADE DEFECIT. LOYAL VIEWER GREG CLIFFORD HAS FREQUENTLY POINTED OUT HOW OUR TRADE POLICIES HAVE EXPORTED JOBS AND HURT OUR ECONOMY. AS A STAUNCH FREE TRADER, I HAVE DISAGREED BECAUSE CLASSICAL ECONOMIC THEORY CLEARLY SHOWS MORE TRADE BENEFITS ALL COUNTRIES INVOLVED.  BUT IT TURNS OUT GREG HAS A VERY VALID POINT. THERE IS REAL PROBLEM WHEN YOU GET DOWN TO   DETAILS. LET'S LOOK AT CHINA AS A POPULAR AND  USEFUL EXAMPLE. AS CHINA BEGAN IT RAPID ECONOMIC  GROWTH THEIR FACTORIES USED EXTREMELY CHEAP LABOR TO MANUFACTURE LABOR-INTENSIVE  PRODUCTS, NOTABLY TEXTILES AND CLOTHING. THEIR  COMPARATIVE ADVANTAGE WAS SO IMMENSE THAT CHINESE COMPETITION VIRTUALLY WIPED OUT CLOTHING MANUFACTURING IN THE U-S. MEANWHILE,  THE DOLLARS THEY GOT FROM MAKING CLOTHES HELPED THEM TO BUY A LOT OF STUFF LIKE SOYBEANS.  
TEASE:
UP NEXT, WE'RE OFF TO THE SUNFLOWER STATE FOR  AN INTERESTING TOURIST ATTRACTION. ANDREW   MCCREA TAKES US THERE AFTER THE BREAK. 
MT. SUNFLOWER:
T'S KNOWN AS THE HIGHEST NATURAL POINT IN THE SUNFLOWER STATE. AND IT'S LESS THAN A HALF A MILE FROM THE COLORADO BORDER. IT'S A PRIVATE PIECE OF LAND, BUT VERY OPEN TO VISITORS. IN AMERICAN COUNTRYSIDE, ANDREW MCCREA TAKES US TO A  POPULAR TOURIST ATTRACTION, WHERE A CATTLE GUARD GREETS AND DIRT ROADS GREET YOU AS YOU  COME IN.  TRAVELLING THE COUNTRYSIDE, ON TOP OF MT SUNFLOWER, I'M ANDREW MCCREA.  TEASE:
THANKS, ANDREW. YOU CAN WATCH MORE OF  ANDREW'S TRAVELS ON THE MY FARM TV APP.  UP NEXT, MACHINERY PETE JOINS US WITH THIS WEEK'S CLASSIC TRACTOR.  MACHINERY PETE:
WELCOME BACK TO TRACTOR TALES. WE HAVE A CLASSIC RED FROM INDIANA TO SHOW YOU THIS WEEK. THIS INTERNATIONAL 1-- WAS ONE OF ONLY 135 EVER  BUILT AND WAS DESINGED FOR HEAVY DUTY WORK. OWNER JIM YOARS IS PROUD TO HAVE HTIS ONE IN HIS COLLECTION AN SAYS TODAY, IT'S RETIRED. IM STANDING NEXT TO AN INTERNATIONAL 100 WHICH THEY ONLY MADE 135 OF. ITS AN INDUSTRIAL VERSION  OF THE FARAMALL 100. ITS GOT THE HEAVIER SQUARE FRONT AXEL AND HEAVIER TIE RODS AND THEY WERE MADE MAINLY FOR INDUSTRIAL USE, HIGHWAY MOWERS.  
COUNTRY CHURCH SALUTE:
TODAY'S COUNTRY CHURCH SALUTE GOES TO ST. JOHN'S LUTHERN CHURCH OF PERHAM, MINNESOTA.   CELEBRATING 125 YEARS OF FAITH ON JULY 3RD. THEY INVITE ANY PRESENT OR PAST MEMBERS TO JOIN FOR THE CELEBRATION. IT'S A RICH HISTORY, STARTINGWITH GERMAN SETTLERS IN 1891, AND HAS BEEN AN ACTIVE CONGREGATION SINCE.  
TEASE:
MIKE HOFFMAN JOINS ME NEXT WITH VIEWER PHOTOS. VISIT MACHINERY PETE DOT COM FOR MORE THAN 100,000 LISITINGS.
 CROP WATCH:
OUR FRIENDS IN WEST TEXAS CAN'T CATCH A BREAK. JEREMY LOUDER IS IN STANTON, TEXAS. HE HAD   SEVERE HAIL LAST WEEK, WHICH WE SHOWED A PICTURE OF.  AND THEN THIS WEEK... 4 AND A HALF   INCHES IN 2 AND A HALF HOURS.  HE SENT A PICTURES OF FIELDS JUST FLOODED.  
CLOSING:
FOR ALL OF US AT U.SF 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. AND ACTUALLY CLINTON GRIFFITHS WILL BE FILLING IN. HAVE A GREAT WEEKEND,   EVERYONE.  
 

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