USFR Weekly Recap - March 4-5, 2017

March 4, 2017 03:30 AM
 
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TODAY ON U.S. FARM REPORT
MARCH 4-5, 2017

HEADLINES
WELCOME TO THIS SPECIAL EDITION OF U.S. REPORT FROM THE 2017 COMMODITY CLASSIC IN SAN ANTONIO, TEXAS. I’M TYNE MORGAN. AND HERE’S WHAT WE’ER WORKING ON OVER THE NEXT 60 MINUTES PRESIDENT TRUMP’S MESSAGE TO CONGRESS SPARKS ANOTHER TRUMP RALLY IN THE DOW POSSIBLE CHANGES TO THE RENEWABLE FUELS STANDARD CREATES QUESTIONS AMONG COMMODITY GROUPS FALLOUT FROM POSSIBLE TRADE DEALS HAS COMMODITY GROUPS ON EDGE. <"IT'S REDUCED THE PRICE OF DDGS TO PROBABLY 60 TO 80 DOLLARS A TON,">THAT’S OUR FARM JOURNAL REPORT. AND IN JOHN’S WORLD…<>

DOW RALLYING
NOW FOR THE MARKET RELATED NEWS, PRESIDENT DONALD TRUMP’S SPEECH TO CONGRESS SETTING OFF ANOTHER RALLY IN THE DOW JONES INDUSTRIAL. THE TRUMP RALLY CONTINUING ON WALL STREET, THAT SENT THE DOWN JONES INDUSTRIAL TO HIT 21 THOUSAND FOR THE FIRST TIME EVER. INVESTORS VIEWED HIS SPEECH AS HAVING A MORE PRESIDENTIAL TONE, A SIGNAL THAT A STRONGER ECONOMIC AGENDA COULD GET THROUGH CONGRESS. THE DOW TOPPED 21 THOUSAND ONLY 24 DAYS AFTER BREAKING THROUGH 20 THOUSAND FOR THE FIRST TIME IN HISTORY. MIXED WHEAT CONDITION REPORTS ACROSS THE PLAINS, AS WARM WEATHER SPURRED PROGRESSED GROWTH IN THE CROP LAST MONTH.

WHEAT CONDITIONS
WHEAT CONDITIONS FADED IN FEBRURARY ACROSS KANSAS AND NEBRASKA. ACCORDING TO THE STATE NASS OFFICES,  IN KANAS, 43 PERCENT IS NOW RATED GOOD TO EXCELLENT, DOWN A POINT FROM JANUARY. AND IN NEBRASKA, 44 PERCENT IS IN THE TOP TWO CATEGORIES, A DECLINE OF 3 POINTS. BUT IT’S BETTER NEWS IN TEXAS AND OKLAHOMA.  OKLAHOMA REPORTING A 10 PERCENTAGE POINT JUMP IN CONDITIONS, NOW SITTING AT 43 PERCENT. AND IN TEXAS, CONDITIONS IMPROVED 5 PERCENTAGE POINTS TO 34 PERCENT. HOWEVER, SOME PRODUCERS ARE WORRIED THAT SINCE THE CROP HAS PROGRESSED QUICKLY THIS YEAR, IF A COLD SNAP RETURNS, IT COULD BE DETRIMENTAL TO THE WHEAT CROP. MEANWHILE, CROP INSURACNE PRICES ROLLING OUT THIS WEEK. FOR SPRING WHEAT, THE PRICE IS SET AT $5.65. IT’S $3.96 FOR CORN AND $10.19 IN BEANS.

BRAZIL CROP CONDITIONS
BRAZIL’S CROP CONDITIONS ARE LOOKING BETTER. OUR PARTNERS AT PROFARMER REPORTING WOUTH AMERICAN CROP CONSULTANT DR. MICHAEL CORDONNIER LEFT HIS CORN AND SOYBEAN CROP ESTIMATES UNCHANGED THIS WEEK, BUT HAS A MORE OPTIMISTIC OUTLOOK ON BRAZIL. HE SAYS THE BRAZILLIAN SOYBEAN CROP PEG COULD MOVE HIGHEER BY SEVERAL MILLION TONS IF YIELDS IN NORTHESASTER BRAZIL ARE AS GOOD AS THEY LOOK. CURRENTLY, AROUND 40 PERCENT OF BRAZIL’S CROP IS HARVESTED. 

CATTLE ON FEED
USDA ALSO RELEASE IT'S MONTHLY CATTLE ON FEED REPORT FRIDAY. IT SAYS AS OF FEBRUARY FIRST THERE WERE 10 POINT 8 MILLION HEAD IN THE NATIONS LARGEST FEEDLOTS. THAT'S UP 1 PERCENT FROM 2016. PLACEMENTS JUMPED 11 PERCENT TO JUST UNDER 2 MILLION HEAD (1.98).AND MARKETINGS ALSO GAINING DOUBLE DIGITS--10 PERCENT HIGHER AT ONE POINT 75 MILLION HEAD RANCHERS LIKE RUSSELL BOENIGN SOUTH OF SAN ANTONIO SAY ON THE COW-CALF SIDE, <OUR NUMBERS ARE PROBABLY GOING UP A LITTLE BIT ON THE BEEF CCOW SIDE, WE DIDN’T’ HAVE TO SELL OFF A LARGER PERCENTAGE OF OUR HERD BACK IN 11 AND 13, BECAUSE WE HAD SEVRAL DRY YEARS BACK TO BACK TO BACK. BUT WE DID CULL PRETTY HARD, AND WE ARE LETTING OURN UMEBRS COME BACK SOME NOW BECAUSE WE DO HAVE AMOPLE GRASS. THERE’S PROBABLY ENOUGH HAY LEFT AT THIS POINT TO HAVE ENOUGH HAY FOR NEXT WINTER ALREADY> BOENING SAYS THEY’RE ALREADY BACK TO LEVELS WHERE THEY WERE PRE 2011. AND SOME RANCHERS MAY NOT EVER GET BACK TO THOSE LEVELS, AS JUST MORE HESITANT TO EXPAND.

WEATHER
ALRIGHT, THAT’S THE NEWS. IT’S BEEN SUNNY AND MILD HERE IN SAN ANTONIO, BUT SOME SEVERE WEATHER BLOWING ACROSS THE U-S THIS WEEK WITH TORNADOES IN FEBRUARY. MIKE, HOW RARE IS THAT?  ADLIB THANKS, MIKE. WELL, POSSIBLE CHANGES IN THE RENEWABLE FUELS STANDARD SPRAKIGN MIXED REACTIONS IN COMMODITY MARKETS. WE’LL DIVE INTO THAT AND MORE FROM THE 2017 COMMODITY CLASSIC WITH CHIP FLORY, TED SEIFRIED AND BOB UTTERBACK. DON’T GO ANYWHERE.

ROUNDTABLE 1
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ROUNDTABLE 2
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MARKETS NOW
ADLIB

JOHN’S WORLD
REMEMBER THAT OLD, MOSTLY UNFUNNY JOKE: “NO MATTER WHERE YOU GO, THERE YOU ARE”?  WELL, IT’S STILL NOT VERY FUNNY, AND IT’S ALSO BECOMING UNTRUE. PEOPLE ARE LARGELY ABSENT FROM THEIR SURROUNDINGS, IMMERSED IN THEIR PHONES MOSTLY. YOU SEE IT ALL OVER IN PUBLIC, EVEN IN PLACES LIKE MUSEUMS, TOURIST SITES, CONCERTS, AND SPORTING EVENTS. WE SEE IT HERE AT THE COMMODITY CLASSIC. OBLIVIOUS TO OUR SURROUNDINGS, WE SCROLL THROUGH TWITTER OR FACEBOOK OR SOME OTHER APP TO KEEP UP WITH EVENTS OR PEOPLE ANYWHERE BUT WHERE WE ARE. PAYING ATTENTION IS DERIVED FROM THE VERB “ATTEND”, OR TO BE PRESENT. UNLINKING FROM THE INFORMATION STREAM TO BE PRESENT IN REALITY IN REAL-TIME CAN BE LIBERATING AND RESTORATIVE. ATTENDING CAN HELP US MEND OUR LINKS TO FAMILY AND NEIGHBORS. ATTENDING CAN SOOTHE TROUBLED SPIRITS. THIS IS NOT ANOTHER GRUMPY OLD-GUY RANT ABOUT “KIDS TODAY”. I SUFFER FROM THE SAME COMPULSION TO CHECK MESSAGES, EMAILS, TWEETS, AND POSTS. IT IS ADDICTIVE, BUT WORSE THAT THAN IT MAKES US UNHAPPY. IT IS THAT OUTCOME WHICH PARADOXICALLY COULD OFFER US HOPE TO REBALANCE OUR ELECTRONIC HABITS. IN THE WORDS OF MODERN AGRICULTURE, THIS BEHAVIOR IS UNSUSTAINABLE. I’M DON’T KNOW HOW IT WILL HAPPEN BUT I’M GUESSING ONE BY ONE, WE’LL FIND WAYS TO ATTEND TO OUR LIVES; THAT INCESSANT INTERACTION WITH OUR PHONES WILL BECOME LESS AND LESS SATISFYING. THERE ALREADY REPORTS FROM THOSE WHO HAVE MADE THIS TRANSITION TO ENTICE US TO PUT OUR DEVICES DOWN. PERHAPS THE MOST POWERFUL INFLUENCE MIGHT BE IMPRESSION OF REBELLION AND INDIVIDUALITY THAT INTERNET ABSTINENCE PRESENTS. BEING COOL COULD BECOME SYNONYMOUS WITH BEING UNPLUGGED.  IT MAY NOT HAPPEN SOON. IT MAY TAKE A GENERATION. BUT THIS TIPPING POINT COULD ALSO BE MUCH CLOSER THAN WE IMAGINE. JUST DON’T LOOK FOR IT TO BE ANNOUNCED ON FACEBOOK.THANKS, JOHN. WHEN WE COME BACK FROM OUR SPECIAL EDITION OF U-S FARM REPORT, IT’S A SMALL TEXAS TOWN MADE FAMOUS BY A POPULAR WAYLAN JENNINGS SONG. ANDREW MCCREA HAS THE STORY COMING UP LATER ON OUR SHOW THIS WEEKEND.

HEADLINES
WELCOME BACK TO THIS SPECIAL EDITION OF U-S FARM REPORT. WE HAVE MUCH MORE AHEAD.FARM JOURNAL REPORT: TRADE FALLOUT)TRADE FALLOUT WITH CHINA IS CAUSING A REDUCED APPETITE FOR DDGS AND ETHANOL.        (REDUCED REGULATIONS: WOTUS) A BIG STEP IN REPEALLING WOTUS REPEAL WOTUS. WE HAVE THE DETAILS. (CUSTOMER SUPPORT: FASHION STATEMENT). AND JOHN MAKES A FASHION STATEMENT IN CUSTOMER SUPPORT. 

TRUMP’S CONGRESSIONAL ADDRESS
NOW FOR THE HEADLINES, PRESIDENT DONALD TRUMP HAD A BUSY THIS WEEK. FROM ADDRESSING CONGRESS, GIVING A SENSE OF HOPE AND TRIGGERING THE AMERICAN SPIRIT, TO ISSUING AN EXECUTIVE ORDER TO GET THE BALL ROLLING ON REPEALING EPA’S WATER’S OF THE U-S RULE. IN MR TRUMP’S ADDRESS TO CONGRESS, HE MADE NO SPECIFIC MENTION OF AGRICLUTRE OR FAMRERS AND RANCHERS. BUT HE DID EXPRESS THE NEED FOR TRADE, SAYING HE STRONGLY BELIEVES IN FREE TRADE, BUT IT HAS TO BE FAIR TRADE. HE ALSO CALLED ON CONGRESS TO PASS A 1 TRILLION DOLLAR INFRASTRUCUTRE PLAN, FINANCED THROUGH BOTH PUBLIC AND PRIVATE DOLALRS. ANOTHER POINT HITTING HOME FOR AGIRCLUTURE, TAX REFORM. TRUMP ALSO BRINGING UP IMMIGRATION, REINFORCING HIS PLANS TO BUILD A WALL. TRUMP TOLD CONGRESS HIS JOB IS TO NOT REPRESENT THE WORLD, BUT OT REPRESENT THE UNITED STATES OF AMERICA.CRITICS OF HIS SPEECH SAY IT WAS FULL OF EXAGGERATION AND LACKED FACTS. PRESIDENT DONALD TRUMP DIRECTING EPA TO FORMALLY RECONSIDER THE HIGHLY CONTROVERSIAL WATERS OF THE U-S RULE THIS WEEK. SIGNING AN EXECUTIVE ORDER THIS WEEK, TRUMP CALLED IT A  HORRIBLE RULE THAT HAS A NICE NAME, BUT EVERYTHING ELSE IS BAD. HE ALSO CALLED WOTUS A POWER GRAB. IOWA SENATOR CHUCK GRASSLEY APPLAUDING THE PRESIDENT’S MOVE, SAYING IT’S AN EXAMPLE OF WASHINGTON FINALLY STANDING UP FOR RURAL COMMUNITIES. NATURAL RESOURCES DEFENCE COUNCIL EXPRESSING DISSAPOINTING, SAYING THE ORDER PRIORTIZES BIG POLLUTERS OVER PUBLIC HEALTH. NATIONAL CORN GROWERS ASSOCITION SAYS THIS IS A STEP IN THE RIGHT DIRECTION, HOPEFULLY REMOIVN THE ISSUE FROM THE COURTS, AND ULTIMETLEY ENCOURAGING THE WPA TO HAVE A CONVERSATOIN THAT HAS AGRICULTURE’S BEST INTERSET IN MIND.  “SO THERE STILL IS A NEED FOR CLARFICIATION AND GUIDANCE, OUR UNDERSTANDING IS THAT THE RULE DIRECTS EPA TO LOOK SPECIFICALLY AT ONE OF JUDGE SCALIA’S DECISIONS ON THE CLEAN WATER ACT, WHICH CERTAINLY WILL HELP ENSURE THAT WE’VE GOT A RULE IN PLACE THAT STILL PROTECTS THE WATERS OF THE UNITED STATES AND YET AT THE SAME GTIME IS WORKABLE FOR FAREMRS AND SMALL BUSINESSES”>NOVAK SAYS TEH CLEAN WATER ACT WAS CREATED, DUE TO SEVERAL COURT DECISIONS THAT WEREN’T COHESIVE. IT SENT MIXED SIGNALS TO EPA, NOT GIVING ANY CLEAR DIRECTION. AN ISSUE NOVAK HOPES IS FIXED UNDER THE NEW ADMINISTRATION.

RFS RUMORS
MIXED REACTIONS HERE AT COMODITY CLASSIC OVER RUMORS THAT THE ADMINISTRATION IS REVAMPING THE RENEWABLE FUELS STANDARD. REPORTS CLAIM THE MEMO INCLUDES DRAFT LANGUANGE THAT COULD FORCE EPA TO MAKE ADJUSTMENTS TO THE STANDARD..BUT THE WHITE HOUSE IS  DENYING THESE CHANGES, SAYING IT ISN’T TRUE. BUT THT DENIAL CAME  PRICES OF CORN RALLIED ON THE POSSIBLE CHANGES, WHILE BIOFUEL CREDITS PLUNGED 35 PERCENT. REPORTS THIS WEEK SAY THE REVISIONS WOULD  SHIFT THE BURDEN FOR RENEWABLE FUEL STANDARD COMPLIANCE FROM OIL REFINERS TO FUEL BLENDERS. IT'S CALLED THE POINT OF OBLIGATION...AND CHANGE IS LIKELY TO FORCE A RESTRUCTURING OF FUEL MARKETS.THE RENEWABLE FUELS ASSOCIATION AGREEING TO BACK THE CHANGE, BUT ONLY FOR A WAIVER ALLWOING GASLINE BLENDS CONTAINING E15, OR 15 PERCENT ETHANOL, TO BE SOLD YEAR ROUND IN THE US. GROUPS LIKE THE AMERICAN SOYBEAN ASSOCIATION SAY THEY ARE STILL ASSESSING WHAT IT WOULD MEANS FOR SOYBEAN GROWERS.  “THE SHIFTING OF THE POINT OF OBLIGATION IS GOING TO CREATE SOME UNCERTAITNLY IN THE MARKETS AT FIRST AND IT’S GOING TO HAVE TO SETTLE OUT RATHER THAN HAVING IT AT THE BELDNERS. BUT WE IN THE SOYBEAN INDUSTRY AND BIODIESEL INDUSTRY, WE HAVEN’T WEIGHTED IN REAL STRONGLY ON THAT ISSUE. BUT WE ARE LOOKING FOR IF THEY SHIFT THE POINT OF OBLIGATION, WE WANT TO MAKE SURE THAT THE RENEWABLE FUEL IS ACTUALLY USED AND WE WOULD LIKE TO SEE SOME SIGNALS FROM THE ADMINISTRATION ON WHAT THEY’RE GOING TO DO TO TRY TO FURTHER BOLSTER BOTH THE ETHANOL AND THE BIODIESEL INDUSTRY” >

PENDING SYNGENTA LAWSUITS
PENDING LAWSUITS AGAINST SYNGENTA COULD MOVE FORWARD. A MINNNESTOA JUDGE ALLOWING SOME FARMERS TO SEEK PUNITIVE DAMAGE AGAINST THE SEED CMOPANY FOR SELLING TRAITS NOT YET APPROVED FOR IMPORT BY CHINA. FARMERS  CLAIM CHINA’S LACK OF APPETITE FOR THE VIPTERA AND DURACADE CORN CAUSED  PRICES TO FALL. THE JUDGE IN HENNEPIN COUNTY DISTRICT COURT SAYS THERE’S EVIDENCE SYNGENTA KNEW THE RISKS OF COMMERCIALIZING THE TRAITS. BECAUSE IT NEVER GOT COLD AND STAYED COLD, SO A LOT OF THOSE EGGS IN THE GROUND AND BUGS THAT GO INTO THE GROUND, THEY NEVER GOT FROZE OUT SO THEY’RE GOING TO BE OUT IN FULL FORCE. 13:45:55 IN FACT, I’VE ALREADY SEEN SIGNS OF BUGS AROUND ALREADY. I EVEN SAW A YELLOW JACKET A COUPLE OF DAYS AGO. IT WASN’T MOVING REAL FAST BUT AGAIN, IT’S FEBRUARY AND I SAW A YELLOW JACKET. 18 >

WEATHER
THAT’S IT FOR THE NEWS. NOW LET’S GET A LOOK AT LONG-TERM WEATHER FROM METEOROLGIST MIKE HOFFMAN. MIKE, THEY SAY IF MARCH COMES IN LIKE A LION, IT’LL GO OUT LIKE A LAMB. THANKS, MIKE. TRADE IS A CONVERSATION YOU CAN’T ESCAPE HERE AT COMMODITY CLASSIC, WITH GROUPS PLANNING ON HOW TO ADDRESS TRADE ISSUES, IF THOSE SURFACE.

FARM JOURNAL REPORT
BUT FOR DDG PRODUCTS, TRADE DISRUPTION IS ALREADY HERE. CHINA HIKED ITS TARIFFS ON BOTH U.S. ETHANOL AND DDG PRODUCTS. IN THIS FARM JOURNAL REPORT, NATIONAL REPORT BETSY JIBBEN TELLS US WHY IT'S A MOVE THAT'S ALREADY IMPACTING U.S. MARKET PRICES AND EXPORTS- BRINGING SHIPMENTS OF ETHANOL AND DDGS TO CHINA TO A NEAR HALT. TRUCKS ARE RUNNING SMOOTHLY AT MARQUES ENERGY IN HENNEPIN, ILLINOIS - ONE OF THE LARGEST ETHANOL AND DDG FACILITIES IN THE U..S..WHAT YOU DON'T SEE ARE THE HIGH FEES CHINA PUT ON THOSE U.S. PRODUCTS. <"YES, IT'S REDUCED THE PRICE OF DDGS TO PROBABLY 60 TO 80 DOLLARS A TON,">WHEN IT COMES TO DDGS - IT STARTED OVER A YEAR AGO... WHEN LOCAL DDG SUPPLIERS IN CHINA SAID CORN SUBSIDIES IN THE U.S. FLOODED THEIR MARKET - LAUNCHING AN ANTI-DUMPING INVESTIGATION BY THE CHINESE GOVERNMENT. AS A FINAL RULING, THE MINISTRY PUT A NUMBER OF FEES ON U.S. DDG PRODUCTS. IT RANGES BY COMPANY - BUT MOST ARE SEEING HEFTY TARIFFS, SOME EVEN TOPPING 90 PERCENT!<"THERE'S BEEN 5 ASIAN COUNTRIES SINCE WE DISHED THE TPP PROGRAM THAT HAVE PUT A KABOSH ON ALL OF OUR DDGS - THOSE ARE BACKING UP AND THE MEAL IS JUST PILLING UP.34 (TAKE OUT INBETWEEN) 39THIS IS A VERY SERIOUS PROBLEM,"> HOWEVER, CHINA IS THE UNITED STATES NUMBER ONE BUYER OF U.S. DDGS. THE U.S. GRAINS COUNCIL SAYS THE COUNTRY'S IMPORTS ARE DOWN TO A TRICKLE. <"WE'RE SEEING LESS THAN 10 THOUSAND TONS IN A MARKET THAT WAS A 1.6 BILLION DOLLAR MARKET FOR US AND WELL OVER 3 TO 4 MILLION TONS. YES, IT WOULD SLOWED DOWN. I WOULDN'T SAY ABSOLUTELY SHUT OFF BUT VIRUTALLY SHUT OFF,">CHINA IS ALSO CANCELLING SHIPMENTS AND PUTTING TARIFFS ON U.S. ETHANOL AS WELL. CHINA UPPING THOSE TARIFFS FROM 5 PERCENT BUT IT VARIES BY COMPANY AND TYPE. IT'S HALTED SHIPMENTS TO THE COUNTRY.<"FOR MOST OF 2016, CHINA WAS THE TOP U.S. EXPORT MARKET FOR ETHANOL AND THEY STOPPED PURCHASING RIGHT ABOUT SEPTEMBER AND HAVEN'T REALLY PICKED UP AGAIN,">SLEIGHT SAYS THE U.S. GRAINS COUNCIL IS WORKING AT SOLVING BOTH PROBLEMS -AND THERE ARE A COUPLE OF POSSIBLE SOLUTIONS. THE U.S. COULD WORK OUT AN AGREEMENT WITH CHINA - THAT COULD POTENTIALLY BE A TRADE DEAL. OR THE U.S. COULD CHALLENGE CHINA IN THE WORLD TRADE ORGANIZATION. HOWEVER, THE DDG POLICY IS IN PLACE FOR 5 YEARS - A CHALLENGE AT THE WTO COULD TAKE YEARS. <"WE FOLLOWED THEIR MATHMATICS, AND WE DON'T BELIEVE THEY'VE USED HTE WTO STANDARDS OR THAT THEIR MATH TO SET THE TARIFF IS ACCURE. I WOULD BLAME THE WTO POLICY. IT'S SET UP WHERE THEY CAN IMPLEMENT HTE TARIFF,"> SLEIGHT SAYS THE TARIFF HIKE WITH ETHANOL IS LEGAL, BUT SOME LIKE MARQUIS BELIEVE THE DDG TARIFFS VIOLATE THE WTO RULES. <"IT'S A VERY SLOW PROCESS. IT NEEDS TO HAPPEN MORE QUICKLY AND SO WE'RE ENCOURAGED HTE TRUMP ADMINISTRATION COULD DEAL WITH IT DIRECTLY AND GET IT RESOLVED MORE QUICKLY,">IN THE MEANTIME, THE AG INDUSTRY IS LOOKING FOR MORE BUYERS. SLEIGHT SAYS OTHER MARKETS ARE CHEWING THROUGH DEMAND BUT IT'S NOT GOING TO REPLACE THE NUMBER ONE DDG IMPORTER OVERNIGHT. "NORTH AFRICA, SOUTH EAST ASIA, JAPAN, KOREA, LATIN AMERICA, MEXICO - MEXICO HAS STARTED TO BE AN AGGRESSIVE BUYER OF DDGS. EVEN COLOMBIA AND SO FOURTH."><"IF IT DOESN'T GO TO CHINA, IT WILL FIND A HOME. IT JUST MAY BE FOR A TIMEFRAME AT A LOWER PRICE,">BOTH SAY WHILE THE DDG INDUSTRY IS HIT HARDEST - SINCE A LARGER PORTION IS EXPORTED- ETHANOL IS DIFFERENT. <"IF YOU THINK ABOUT ETHANOL, IT'S A 15 BILLION DOLLAR A YEAR SUPPLY, 14 BILLION GALLONS IS USED IN THE U.S. AND ONE BILLION IS EXPORTED,"><"I DON'T LOOK FOR THE CHINESE TARIFF TO GO FROM 5 PERCENT OT 30 ON ETHANOL TO HAVE A SIGNIFICANT IMPACT ON THE ETHANOL PRICE.">><"I THINK WE'RE ON PACE TO HAVE A RECORD YEAR IN 2017 ON ETHANOL EXPORTS MAINLY BECAUSE OF BRAZIL, BRAZIL IS COMING ON STRONG, CANADA IS BUYING MORE, OTHER MARKETS WE ARE WORKING ON ARE GETTING CLOSE TO HAVING BREAKTHROUGHS LIKE JAPAN, INDIA, AND MEXICO, COLOMBIA IS ANOTHER ONE WHERE WE CAN PICK UP VOLUME,"SLEIGHT SAYS ITS IMPORTANT TO REMEMBER CHINA IS STILL A KEY MARKET.<"U.S. AG NEEDS THAT MARKET, CHINESE CONSUMERS NEED THESE PRODUCTS. THAT'S THE IMPORTANT THING. LET'S ENGAGE, LET'S PRESS BUT LET'S HAVE A GOOD CONVERSATION WITH CHINA ON THESE ISSUES BECAUSE THEY ARE REALLY IMPORTANT FOR U.S. AGRICULTURE,">UNTIL THEN,MARQUIS ENERGY IS CONTINUING ON WHILE URGING WASHINGTON FOR HELP. REPORTING FOR U.S. FARM REPORT, I'M BETSY JIBBEN. THANKS BETSY. CHINA IS USING SOME OF ITS DOMESTIC SUPPLIES SINCE THEY'RE IMPORTING LESS FROM US- BUT SLEIGHT SAYS THERE'S A PROBLEM THERE DUE TO THE POOR QUALITY OF THOSE PRODUCTS. ALRIGHT, UP NEXT, JOHN PHIPPS LIGHTENS THE MOOD WITH A CONVERSATION ABOUT CLOTHES. HE JOINS US NEXT.  

FARM JOURNAL REPORT
HERE ON U-S FARM REPORT, WE ARE USED TO A LITTLE CRITICISM FROM TIME TO TIME FROM VIEWERS. BUT JOHN’S ATTIRE HAS CAUGHT SOME OF YOUR ATTENTION LATELY. TYNE, PEOPLE DON’T JUST TUNE IN TO US FARM REPORT FOR HARD-HITTING AG NEWS AND MARKET ADVICE, IT TURNS OUT MANY ARE WATCHING TO SEE WHAT IS HOT IN THE WORLD OF FARM FASHION.THIS FROM MY SOON-TO-BE-FORMER FRIEND, STEVE HESS FROM BUSHNELL, ILLINOIS: WELL, STEVE, YOU CAN FORGET GETTING A COFFEE MUG BECAUSE IT TURNS OUT THAT I ORDERED THAT SNAPPY FASHION ACCESSORY MYSELF. IN FACT, THE I’M THINKING OF TRADEMARKING THE WHOLE PLAID FLANNEL SHIRT-SWEATER VEST LOOK. IT’S THE KIND OF FASHION STATEMENT THAT WOULD BE AT HOME ON HAUTE COUTURE RUNWAYS FROM PARIS TO THE OHARE. JUST LIKE TYNE’S CRITICISM OF MY HERITAGE SWEATSHIRTS FROM DECADES PAST, YOUR LACK OF APPRECIATION FOR MY UNCANNY CLOTHING INSTINCTS MERELY SHOWS YOU DON’T SHOP ONLINE FROM DULUTH TRADING ENOUGH. ANOTHER REGULAR VIEWER WAS UNSETTLED BY MY AMAZING ABILITY TO CHANGE MY LOOK I CAN UNDERSTAND THE CONFUSION BRAD. THIS IS WHAT IS KNOWN AS THE “CLARK KENT” EFFECT. WITH MY GLASSES ON, AND WEARING A SUIT FROM 1995, ON I AM A MILD-MANNERED REPORTER. BUT BACK IN THE WORKSHOP IN A SHOP APRON I STAND REVEALED AS THE MAN OF STEEL – OR ALUMINUM OR SOMETHING. AND WHILE I SINCERELY APPRECIATE THESE AND SOME OTHER COMMENTS UNFIT FOR TELEVISION FROM VIEWERS, BE ADVISED IT PROBABLY WON’T HAVE MUCH EFFECT. YOU KNOW HOW YOU REACH THAT POINT IN YOUR CAREER WHEN YOU SAY, “HEY – THIS COULD BE THE LAST COMBINE I EVER BUY”? WELL, I HAVE PASSED THAT POINT FOR MY ENTIRE WARDROBE.

AMERICAN COUNRYSIDE
WELCOME BACK. WELL, JUST 60 MILES NORTH OF HERE, SITS A SMALL TEXAS TOWN WITH A BIG PERSONA. HERE’S ANDREW MCCREA. THE TOWN OF LUKENBACH WAS ESTABLISHED IN THE EIGHTEEN FORTIES. THESE BUILDINGS DATE TO ABOUT THAT TIME BUT INTERESTINGLY MOST PEOPLE DIDN'T EVEN KNOW WAS ON THE MAP OVER A CENTURY LATER THE LUCKENBACH STORY IS SIMILAR TO MANY TOWNS IN TEXAS HILL COUNTRY JUST TWO YEARS AFTER THE BATTLE OF THE ALAMO AND THE END OF THE MEXICAN WAR IMMIGRANTS BEGAN TO SETTLE THIS AREA. SAID. BACK IN THE EIGHTEEN HUNDREDS IS WHERE THE GERMAN IMMIGRANTS SETTLED AND THAT THERE WAS A TRADING POST WITH THE COMMANCHIES AS WELL AND THAT SAID THAT ORIGINALLY AT HOW THE STORE WHY THE STORE AND THE DANCE ARE HERE THERE WERE NEVER MANY PEOPLE WHO LIVED IT LOUKA BACH. IN FACT WHAT YOU SEE TODAY IS MUCH OF WHAT 'S ALWAYS BEEN HERE TODAY THEY SAID THE LICENSE PLATES ON THE BUILDINGS ARE ALL THAT KEEPS SOME OF THEM STILL STANDING IN PLACE. SERVE THE NEEDS OF THOSE LIVING WITHIN ABOUT A TEN MILE RADIUS THEY WOULD HAVE CHURCH HERE ON SUNDAY IS EARTH DAY WITHOUT HOLD FUNERALS THEY WOULD HAVE DANCES THAT HAVE BIRTHDAY PARTIES. WHATEVER WHATEVER THE COMMUNITY NEEDED TO COME TOGETHER FOR BUT AS THE YEARS PASSED AND TRAVEL BECAME EASIER PEOPLE COULD BYPASS LUKEN BACH IN NINETEEN SEVENTY ONE THE POST OFFICE WAS MOVED TO FREDERICKSBURG ON THE TOWN 'S PROPERTY AND BUILDINGS WERE PUT UP FOR SALE. LOCAL RANCHER HANO CROUCH PURCHASED THE TAB HUNTER WAS VERY VERY MUCH A CHARACTER AND A STORYTELLER AND A MAKE BELIEVE KIND OF PERSON AND THEY WOULD SIT OUT UNDER THESE TREES AND  YOU KNOW AND TELL JOKES AND WHITTLE STICKS AND PLAY MUSICI GOT MY FIRST GUITAR WHEN I WAS 14 ONE UP ON THOSE FRIENDS WAS JERRY JEFF WALKER IN NINETEEN SEVENTY THREE HE RECORDED THE ALBUM VIVA TERLINGUA IN THE LUCKENBACH DANCE HALL THOSE SONGS BEGAN TO PUT THE GHOST TOWN BACK ON THE MAN LYING IN THAT WAITING FOR LUCKENBACH BEGAN TO ATTRACT FOLKS CURIOUS ABOUT THE PLACE WHERE THAT ALBUM WAS RECORDED THAT 'S WHAT LED HAYDEN WINNINGTON HERE IN NINETEEN SEVENTY THREE AT THE TIME. IT WAS VERY FEW PEOPLE ACTUALLY WILL ALSO ALLOW A LOCAL 'S COME IN AND PLAY DOMINOES IN CHECKERS. IF YOU CAME TO TURN AWAY THERE WAS A GOOD CHANCE THAT YOU BE THE ONLY PERSON IN THE FAR SIDE OF THE MARKET. A FEW FOLKS BEGAN TO WANDER IN THE LUKENBACH BUT WAS ANOTHER SONG. OF COURSE THE MAID THE TOWN WORLD FAMOUS MY TEXAS AINT NOBODY FEEDING NO PAINGUY CLARK USED TO HANG OUT HERE WITH HANDO  AND THEY SAID THAT HE PLAYED GUITAR AND HAVE YOURSELF TO GUY. CLARK IS THE ONE THAT TOLD THE CHIPS MOMAN AND BOBBY EMMONS THE WRITERS OF THE SONGS ABOUT LUKENBACH THEY TAKE IT TO WHALEN 'S PRODUCER AND SAID YOU'VE GOT TO CUT THIS JENNINGS RECORDED WITHOUT EVER SETTING FOOT IN TOWN AND THE CROWD OF A COUPLE DOZEN SWELLED TO SEVERAL HUNDRED WHEN JENNINGS IS LUKENBACH COULD GET NUMBER ONE THE MUSIC STILL PLAYED HERE IN LUKUMBACH EVERY SINGLE DAY AND WHETHER IT 'S JUST A FEW FOLKS ON THE PARK BENCH OR TWENTY THOUSAND A WEEKEND ITS LOCALS AND PEOPLE FROM HALFWAY AROUND THE WORLD COMING TO ENJOY A PLACE WHERE MUSIC LEGENDS HAVE BEEN BALL TRAVELING THE COUNTRYSIDE AND LIU COME BACK TEXAS I MEAN ANDREW MCCRAE>THANKS, ANDREW. YOU CAN HEAR MORE FROM ANDREW’S TRAVEL BY VISITING AMERICAN COUNTRYSIDE DOT COM. WHEN WE COME BACK, IT’S A TEXAS TRACTOR WITH A BIG TALE. PLEASE, STAY WITH US.

TRACTOR TALES
"JOHN,  I HEAR WE'VE GOT A CLASSIC FARMALL FROM THE LONE-STAR STATE!""THAT'S RIGHT JOHN!  OUR NEXT COLLECTOR IS PROUD TO SHOW OFF HIS PIECE OF FAMILY HISTORY."".... THIS 1940 FARMAL H HAS WORKED WITH THREE GENERATIONS OF FARMERS.  NOW SEMI-RETIRED, THIS RED POWER IS LIVING THE GOOD LIFE!"WE HAVE A 1940 FARMALL H.  THAT WAS MY GRANDFATHER 'S.  HE DIDN'T BUY IT NEWHE BOUGHT IT I THINK EIGHT OR TEN YEARS AFTER IT SOLD ABOUT NINETEEN FORTY EIGHT NINETEEN FIFTY 'S THAT HE USED AND MY DAD AND UNCLE USED TO FARM 82 TWO ACRES WITH THIS TRACTORALL WAY UP UNTIL THE LATE EIGHTY 'S WE FARMED WITH THAT UNTIL THEN AND THEN I USED IT. I A WHEN I WAS A KID GROWING UP I FARMED WITH IT SOME.  PULLED A TRIPLE DISC DISC PLOW WITH IT AND DISC HARROWING. AND CUT A LITTLE BIT OF KLINE GRASS WITH IT WITH A CYCLE MOWER.  BUT THAT TRACTORS BEEN IN THE FAMILY SINCE SINCE ALMOST NEW AND I PLAN ON KEEPING IT THAT WAY.  I RESTORED IT  ABOUT TEN YEARS AGO.  I RAKE HAY A LITTLE BIT WITH IT USE PRIMARILY FOR PARADESAND TRACTOR RIDES AND STUFF LIKE THAT PUT BRAKES ON IT. IT WAS IN RUNNING CONDITION HAD BEEN OVERHAULED PROBABLY TWENTY YEARS BEFORE I GOT IT MY DAD AND HIS BROTHER 'S TOOK REALLY GOOD CARE OF IT. IT HAD BEEN BARN KEPT ITS WHOLE LIFESO IT WAS IN PRETTY DECENT SHAPE WHEN I GOT IT CHANGED A BUNCH OF GASKETS ON THE TO TRY TO STOP SOME OF THE OIL LEAKS AND STUFF LIKE.  I PLAN ON KEEPING IT  UNTIL THE LAST DAY.  I'M GONNA KEEP IT IN THE FAMILY AS LONG AS I CAN

COUNTRY CHURCH SALUTE
THIS WEEK’S COUNTRY CHURCH SALUTE IS THE ST JOSEPH CATHOLIC CHURCH, LOCATED IN DOWNTOWN SAN ANTONIO, TEXAS. THE CHURCH IS ADJACENT TO THE CONFERENCE CENTER, AND WAS BUSY THIS WEEK WITH COMMODITY CLASSIC GOERS PARTICPATING IN ASH WENDESDAY. THE CHURCH WAS BUILT IN 1871. IF YOU HAVE A COUNTRY CHURCH SALUTE YOU WANT TO SUBMIT, YOUC AN DO SO TO THE ADDRESS ON THE SCREEN. UP NEXT, JOHN PHIPPS JOINS ME FOR FROM THE FARM THIS WEEK. STAY TUNED.

FROM THE FARM
JOHN, IT’S HARD TO BELIEVE IT’S ALREADY PLANTING SEASON FOR SOME. I VISITED WITH RUSSEL BOENIGN THIS WEEK IN POST, TEXAS. HE SAYS THEY FINISHED PLANTING CORN IN FEBRUARY FOR THE FIRST TIME EVER. CONDITONS HAVE BEEN VERY MILD THIS WITNER. AND ALLEN MEISSNER OF BARTLETT, TX POSTED THIS PICTURE ON TWITTER, SAYING HE WAS PLANTING CORN NEXT TO SOME GOOD LOOKING WHEAT” AND WE MENTIONED IT EARLIER, BUT SEVERE WEATHER THIS WEEK, INCLUDING IN INDIANA. WEST OF FT BRANCH, MATT WELTE SAID THE AREA WAS HIT BY A TORNADO. AND IT LOOKSLIKE THE GRAIN BIN WAS NOT SPARED.

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