AgDay Daily Recap -November 15, 2017

November 15, 2017 02:57 AM
 
AgDay

TODAY ON AGDAY
NOVEMBER 15, 2017


HEADLINES
CAN ETHANOL DEMAND EAT THROUGH A RECORD CORN CROP? PLUS, BIG BUSHELS LEAVE PRODUCERS ON THE I-80 HARVEST TOUR LOOKING  FOR CLUES ABOUT FUTURE PRICES. THAT'S OUR FOCUS FOR AGRIBUSINESS. THE PACKER-TV CHECKS ON RISING DEMAND FOR U.S. APPLES IN CHINA.AND AN INVASIVE TREE IN SOUTHERN FORESTS MAY HAVE A NEW FOE. AGDAY - PRESENTED BY CHEVY SILVERADO. HIGH-STRENGTH STEEL FOR HIGH-STRENGTH DEPENDABILITY.

ETHANOL DEMAND
GOOD MORNING I'M CLINTON GRIFFITHS. AS USDA CALLS FOR ANOTHER RECORD CORN AND SOYBEAN CROP, THE  INDUSTRY IS LOOKING FOR NEW OPPORTUNITIES AND FRESH DEMAND. SOME OF THAT COULD COME IN THE FORM OF FUEL. ETHANOL DEMAND REMAINS ROBUST AS THE RENEWABLE FUELS ASSOCIATION  SAYS IT CONTINUES TO SEE EXPANSION OF THINGS LIKE E15 AND E85...ALONG  WITH ETHANOL EXPORTS. RFA SAYS NEARLY 90 PERCENT OF NEW 2018 VEHICLES SOLD IN THE U.S. COME  WITH MANUFACTURER APPROVAL TO BURN 15 PERCENT ETHANOL BLENDS. AND 90 PERCENT OF ALL VEHICLES ON THE ROAD ARE APPROVED FOR E15 AND  THE FUEL IS BEING SOLD AT MORE THAN 1-THOUSAND STATIONS IN 29 STATES. AS WE LOOK TO CONTINUE OUR FIGHT HERE IN THE UNITED STATES AGAINST OIL INDUSTRY AND THE SO-CALLED BERLIN WALL WE'VE BLOWN WAY PAST THE BLEND WALL WITH E-15 AND E-85 ALREADY. PLENTY OF ROOM FOR OPPORTUNITY AND A LOT OF NEW STATIONS COMING HERE IN THE UNITED STATES. BUT OUR DOMESTIC ETHANOL INDUSTRY COULD MAKE WELL OVER 16 BILLION GALLONS IF THEY HAD ALL CYLINDERS RUNNING TODAY. SO WE NEED NEW MARKETS. THE RFA IS NOT ALONE. THE U.S. GRAINS COUNCIL ALSO EXPECTING ETHANOL EXPORTS TO RISE  SIGNIFICANTLY IN THE COMING YEARS AS COUNTRIES LIKE JAPAN, KOREA, CHINA,  INDIA AND MEXICO ADD MORE ETHANOL TO THEIR FUEL BLENDS. THEY SAY AMERICAN ETHANOL IS THE CHEAPEST FORM OF OCTANE IN THE  WORLD. WE'D LIKE TO SEE THREE THREE BILLION GALLONS PLUS QUICKLY YOU KNOW BY 2020 OVER THREE BILLION GALLONS IS OUR GOAL. AND I THINK WE HAVE A GOOD CHANCE OF GETTING THERE IF WE CAN CONTINUE TO EXPAND UPON THESE AREAS WHERE WE SEE GOOD INTEREST AND DEMAND GROWTH SOLVE SOME OF THESE TRADE PROBLEMS AND HAVE A GOOD GLOBAL CONVERSATION ABOUT THE ROLE OF ETHANOL. SLEIGHT SAYS THEY'RE ALSO AGGRESSIVELY PURSUING AND END TO BRAZILIAN  ETHANOL TARIFFS.

I-80 HARVEST TOUR
THE I-80 HARVEST TOUR IS BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED  CONTROL.  LESS DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL. USDA EXPECTS U-S FARMERS TO SEE A RECORD NATIONAL CORN YIELD THIS  YEAR. THE AGENCY PROJECTING 175-POINT-FOUR BUSHELS TO THE ACRE.  THAT  NUMBER SHOCKED THE INDUSTRY LAST WEEK BECAUSE IT WAS MORE THAN  THREE BUSHELS AN ACRE HIGHER THAN USDA'S OCTOBER PROJECTION. THIS USDA MAP SHOWS WHERE IT EXPECTS THE BIGGER YIELDS. ALL OF THE  STATES IN BLUE SHOWING INCREASES FROM LAST MONTH. IN THE HEART OF THE CORNBELT - ONLY NEBRASKA SHOWED A DECLINE. OHIO  WAS UN-CHANGED. SEVEN STATES - ALL OF THEM OUTSIDE THE HEART OF THE CORNBELT - ARE  EXPECTING RECORD YIELDS THIS YEAR. WE'RE CLOSING OUT THE I-80 HARVEST TOUR FOR ANOTHER SEASON. AND AS WE DO, MOST OF THE CORN HARVEST IN THOSE FIVE STATES - FROM  OHIO TO NEBRASKA - ARE RUNNING SLIGHTLY BEHIND IN CORN HARVEST.  SOYBEAN CUTTING IS PRETTY MUCH ON THE MARK.OHIO IS 14 POINTS BEHIND, INDIANA IS TEN BEHIND. ILLINOIS IS SIX POINTS AWAY FROM THE AVERAGE. IOWA IS SEVEN POINTS OFF  PACE, AND NEBRASKA IS FOUR POINTS AWAY. REGARDLESS OF HARVEST, THE BIG QUESTION IS WHERE WILL THOSE BUSHELS  BE STORED?  BETSY JIBBEN HAS MORE. CLAY COUNTY, ILLINOIS FARMER, ZACH BAILEY HAS PLANTED ALL OF HIS ACRES  TO SOYBEANS THE LAST TWO YEARS.  FOR HIM, IT'S AN EASY DECISION.  "THE MARKET. IT'S LOW COMMODITY PRICES AND WE CAN GROW DECENT BEANS." NOW, FARMERS WHO PLANTED HEAVY CORN THIS SEASON HAVE SOME  DECISIONS THEY NEED TO MAKE.  USDA IS FORECASTING THE U.S. CORN CROP WILL PRODUCE A RECORD YIELD OF  175.4 BUSHELS PER ACRE, A  3.6 BUSHEL DIFFERENCE FROM OCTOBER TO NOVEMBER. "WHAT THIS MEANT IS THAT WE HAVE 300 MILLION BUSHELS OF CORN THAN ANTICIPATED JUST A FEW  HOURS EARLIER,"ACCORDING TO THE LATEST WORLD AGRICULTURAL SUPPLY AND DEMAND  ESTIMATES,  THERE IS A HIGHER CORN PRODUCTION ESTIMATE, USDA  BOOSTED  DOMESTIC  CORN ENDING STOCKS FOR 2017-18.  USDA ALSO SUGGESETED WITH ATHAT MUCH CORN, WE'RE GOING TOH AVE USAGE THAT WOULD  INCREASE FOR EXPORTS BY 75 MILLION BUSHESL AND FOR LIVESTOCK FEED BY 75 MILLION BUSHELS. WHAT  THAT MEAN IS 300 MORE BUSHELS OF CORN AND 150 MILLION MORE BUSHELS OF USAGE, MEANS THE  CARRYOUT IS GOING TO INCREASE BY 150 MILLION BUSHELS ACCORDING TO USDA."HURT SAYS ONE OF THE OTHER HALLMARKS IS THAT THIS PUSHES THE CARRY- OUT UP TO 2.5 BILLION BUSHELS ON CORN.  "CERTAINLY A NUMBER OF THAT MAGNITUDE REALLY BEGINS TO LIMIT UPSIDE RALLY POTENTIAL SIMPLY  BECAUSE WE HAVE SO MUCH OLD CROP STOCKS AND SO MUCH INVENTORY THAT WE'RE GOING TO CARRY  ONTO THE 2018 CROP AT THE END OF SUMMER IN 2018,"HOLDING ONTO OLD CROP ISN'T ANYTHING NEW FOR FARMERS THIS YEAR.  "WE HAVE NOT SADLY FORWARD CONTRACTED ANYTHING, NO""I DID NOT DO A GOOD JOB AT ALL. I KEPT SITTING BACK AND WAITING AND WE'RE FILLING THE BINS AS FULL  AS WE CAN THIS YEAR AND KIND OF SEE WHAT WE CAN GET DONE WITH THAT ROUTE,""WHEN FARMERS WERE AFRAID TO SELL AT THESE PRICES IN CORN JUST A COUPLE OF WEEKS AGO, THEY  SAID, THEY WEREN'T GOING TO SELL THE MARKET DOWN THERE. WELL IT  CERTAINLY LOOKS AS IF DOWN  THERE HAS BECOME UP THERE AS WE LOOK AT THE MARKETS NOW,"EVEN FARMERS FORWARD CONTRACTING ARE STILL HANGING ONTO SOME.  "WE FORWARD CONTRACTED QUITE A BIT AND WE'RE CASHING OUT WITH ANYTHING ELSE AT THIS POINT.  WORD ON THE STREET IS THAT CROPS ARE GOOD,"THAT'S WHY BAILEY IS NOT PLANNING HIS ROTATIONS FOR 2018 JUST YET.  "BEANS ARE STILL A CASH CROP THIS YEAR AND HAVE BEEN THE PAST FEW YEARS."YET HE'S CAUTIOUS TO MAKE THE BEST DECISION FOR HIM AND POSITIVE CASH  FLOW FOR HIS FARM.  REPORTING FOR AGDAY, I'M BETSY JIBBEN. 

CROP COMMENTS
LETS CONTINUE OUR LOOK AT FARM COUNTRY WITH TODAY'S CROP COMMENTS  AND MIKE HOFFMAN. GOOD MORNING CLINTON. WE START IN THE NORTHEAST. A CROP REPORTER FROM AROOSTOOK COUNTY  MAINE SAYS SEVERAL  NIGHTS  IN  THE  TEENS  HAS  FROZEN  THE  GROUND  SEVERAL  INCHES. "NASS" SAYS THAT SOLVE THE VOLUNTEER POTATO PROBLEMS  THEY HAVE HAD IN THE BROCCOLI FIELDS THE LAST FEW YEARS.  IN LANCASTER COUNTY, PENNSYLVANIA FARMERS ARE  STRUGGLING TO FINISH CORN HARVEST. A NASS CROP REPORTER SAYS CORN IS BEGINNING TO LODGE IN MANY FIELDS WHICH WILL  SLOW PROGRESS EVEN FURTHER.  GRAIN QUALITY IS DEGRADING. ..AND NOW HERE ARE SOME HOMETOWN TEMPS.

FARM JOURNAL ON AIR IS THE GO-TO APP FOR AMERICAN AGRICULTURE.  AGDAY, AGRITALK, U.S.  FARM REPORT AND MORE - 24/7 ACCESS TO ALL OF YOUR FAVORITE SHOWS. TV AND RADIO...IN YOUR  HANDS, ON DEMAND.  FARM JOURNAL ON AIR - DOWNLOAD THE APP TODAY.

TEASE
A ROUGH DAY IN THE GRAIN MARKETS. NEXT WE'LL SEE HOW IT PLAYS OUT IN THE  WEEKS AHEAD. WHEN WE TALK INVASIVE SPECIES, IT'S OFTEN ABOUT BUGS OR WEEDS. BUT IN  THIS CASE - IT'S A TREE! WE'LL TELL WHERE IT'S SPREADING AND HOW BAD IT CAN GET. THIS IS MACHINERY PETE - INVITING YOU TO CHECK OUT MY NEW WEBSITE - MACHINERYPETE.COM -OFFERING FARMERS TENS OF THOUSANDS OF USED EQUIPMENT LISTINGS TO SEARCH.  LET MACHINERY  PETE HELP YOU FIND AND VALUE YOUR NEXT PIECE OF USED EQUIPMENT.

FLOOR OF THE CME
IN AGRIBUSINESS A LOT OF RED ACROSS THE  BOARD IN COMMODITY MARKETS. LETS FIND OUT WHY FROM OUR FRIENDS ON THE FLOOR. LIVE CATTLE MARKET WAS SHARPLY LOWER HERE ON TUESDAY WE SAW OUR NEARBY DECEMBER FUTURES CONTRACT AND TRADE BELOW 120. I BELIEVE THAT CONTRACT TOPPED OUT JUST ABOVE 127 EARLIER IN NOVEMBER SO WE'VE SEEN A PRETTY QUICK COLLAPSE HERE IN THE CATTLE MARKET DURING THE FIRST HALF OF THE MONTH THE CORN MARKET WAS LOWER HERE ON TUESDAY AND POSTED SOME FRESH LIFE OF CONTRACT LOWS AS A MATTER OF FACT. WE HAD A USDA REPORT LAST WEEK AND THE GOVERNMENT TOLD US THAT THE CORN YIELD HERE IN THE UNITED STATES WAS A RECORD HIGH. THIS IS SOMETHING THAT WAS NOT FORESEEN BY A LOT OF PEOPLE PRIOR TO THE REPORT AND REALLY WAS NOT FORESEEN AT ALL DURING THE HEART OF THE GROWING SEASON. SO ANY SORT OF BOTTOMING ACTION ANY SORT OF HARVEST FLOW HAS BEEN PUT ON HOLD HERE FOR THE MOMENT AS THE MARKET ATTEMPTS TO PRICE IN A MUCH MUCH BIGGER PRODUCTION NUMBER THAN WAS ANTICIPATED EVEN JUST A COUPLE OF WEEKS AGO. NOW A COUPLE OF THINGS TO KEEP IN MIND AS WE HEAD TOWARD THE END OF THE YEAR FUNDS ARE NEAR RECORD SHORT THE MARKET SOMETIMES TO SEE POSITION SQUARING AHEAD OF YEARS AND SO A SHORT COVERING EVENT IS CERTAINLY POSSIBLE ALTHOUGH THE FUNDAMENTAL SITUATION HERE CERTAINLY REMAINS PRETTY NEGATIVE IN MY OPINION. AGAIN JOE VACLAVIK ON THE CME GROUP FLOOR HERE IN CHICAGO.

AGRIBUSINESS
AFTER ANOTHER ROUGH DAY IN COMMODITY MARKETS. TYNE MORGAN TAKES A  CLOSER LOOK AT CORN PRICES AND EXPECTATIONS FOR THE COMING WEEKS. HERE NOW WITH BRIAN DOHERTY OF STEWART PETERSON LOOKING AT THE CORN PRICES BRIAN I MEAN IT'S  MORE OF THE SAME IT'S JUST STAGNANT WE DON'T SEE A LOT OF VOLATILITY IN THE CORN MARKET. DO YOU  SEE THAT CHANGING. NOT MUCH. YOU'VE GOT A COUPLE OF FORCES AT PLAY HERE. YOU'VE GOT A CROP  THAT CONTINUALLY GETS A LITTLE BIT LARGER. SO WHEN YOU LOOK AT THE BIG MACRO PICTURE YOU'VE GOT  IMPROVING DEMAND WORLDWIDE. EXPORTS ARE SOLID. YET THEY'LL BE OFF BECAUSE OF COMPETITION ELSEWHERE. SO YOU'VE GOT THE U.S. FARMER HAULING A LOT OF HIM IN TURKEY BUT WE'RE PRODUCING  JUST A LITTLE BIT MORE ON A MONTHLY BASIS OF THEM ARE CONSUMING. SO UNFORTUNATELY WE'RE BASE  BUILDING A PRICE THAT'S VERY TYPICAL. THE END USER DOESN'T HAVE AN URGENCY TO RUN TO THIS  MARKET RIGHT NOW. SO FOR NOW MORE SIDEWAYS FROM A LONG TERM PERSPECTIVE DEMAND HAS  CAUGHT UP TO SUPPLY. SO FROM A WORLD PERSPECTIVE ONE HICCUP BLACK SWAN EVENT SOMETHING  THAT COMES ALONG ALL OF A SUDDEN CORN PRICES CAN REBOUND BUT THAT'S GOING TO TAKE TIME. WE  HAVE TO TRAMP THROUGH INVENTORY WHICH WE SHOULD HAVE BY NOW USED TO ALL OF LAST YEARS  CARRIED IN TO THIS. OK. OK. SO WHAT ABOUT FEED USAGE I MEAN WE SEE THIS GROWING HERD. YOU  KNOW DO YOU SEE THAT NUMBER BEING ADJUSTED BY USDA EVEN MORE. AND COULD THAT PROVIDE A  LITTLE SUPPORT FOR. I THINK IT HAS TO. I THINK WHEN YOU LOOK AT FUEL USAGE IT'S AT A HIGH LEVEL BUT  THERE'S NO REASON WHEN YOU LOOK AT POULTRY FOR RIGHT BEEF. RIGHT. AND DAIRY INDUSTRY  PRODUCTION'S UP IN FEED USAGE IS ON THE RISE. SO THAT WILL CERTAINLY HELP. ETHANOL IS A FLAT  MARKET THEY'LL STRONG BUT FLAT. SO WHAT'S YOUR ADVICE FOR THESE PRODUCERS WHO ARE TAKING YOU  KNOW STILL TRYING TO GET THIS CORN CROP OUT OF THE FIELD. WE'VE HAD SOME MAJOR HARVEST HICCUPS  OUT THERE BUT YOU KNOW JUST DON'T HAVE THE SPACE TO STORE IT. NOW I KNOW I KEEP ASKING THIS  QUESTION BUT THERE'S A LOT OF PRODUCERS OUT THERE THAT ARE SAYING WHAT DO I DO AT THIS POINT.  THAT'S A GREAT QUESTION. THEY REALLY NEED TO TAKE A LOOK AND HAVE GOOD CONVERSATION WITH  SOMEBODY THAT CAN HELP THEM GET CARRY IN THE MARKET. THE QUESTION IS WHETHER YOU WANT TO  PAY COMMERCIAL STORAGE OR NOT AND TAKE THE RISK OR THE MARKET BASIS AND STORAGE COSTS SO  MY BIAS REALLY IF YOU HAVEN'T OVER RUN MOVE IT. BITE THE BULLET ON IT AND THEN GO AHEAD AND  REPLACE IT EITHER THROUGH SOME KIND OF PAPER PRODUCT FUTURES WOULD BE MOST ADVANTAGEOUS  RIGHT NOW. ALL RIGHT THANKS BRIAN WE APPRECIATE IT. WE'LL TAKE A QUICK BREAK AND THEN WE'LL BE  BACK. WE'LL BE BACK WITH MORE AGDAY. 

WEATHER
AGDAY WEATHER - BROUGHT TO YOU BY KAWASAKI AND THE NEW MULE PRO-FXR™ SIDE X  SIDE. RIDE LIKE A BOSS WITH HIGH-END STYLING AND RUGGED CAPABILITY. ) WELCOME BACK TO AGDAY HERE WITH METEOROLOGIST MIKE HOFFMAN LOOKING AT THE STORMS ON THE  MAP HERE. THE ONE IN THE COUNTRY NOW LOOKS PRETTY WET. THE ONE BEHIND IT ALSO LOOKS LIKE IT  COULD BRING SOME SOME RAIN AND SNOW. AND YEAH IT IS A STRONGER STORM. IT'S GOING TO BE A  PRETTY BIG DEAL AS IT COMES FARTHER EAST AS WE HEAD TOWARD THIS WEEKEND. BUT FOR NOW THAT IS  REALLY JUST AFFECTING THE WEST COAST WESTERN WASHINGTON WESTERN OREGON INTO NORTHERN  CALIFORNIA DECENT RAINS AND MOUNTAIN SNOWS COMING OUT OF THAT SYSTEM AND THE EASTERN  SYSTEM COMING THROUGH THE GREAT LAKES INTO THE CENTRAL MISSISSIPPI VALLEY WILL QUICKLY  PROGRESS EASTWARD SO THAT BY LATER TODAY THE RAIN IS INTO THE EASTERN OHIO VALLEY IN THE  CENTRAL PORTIONS OF THE GREAT LAKES. HIGH PRESSURE STILL DOMINATING NEW ENGLAND DOWN TO THE  GULF COAST AT THAT POINT AND THE MIDDLE OF THE COUNTRY IS A LITTLE BIT COOLER AIR COMES BACK  BEHIND THIS FRONT THIS IS MORE PACIFIC AIR THAN ARCTIC. THAT WILL PROBABLY NOT BE THE CASE BEHIND  THE NEXT FRONT. JUST SO YOU KNOW HEADING THROUGH TONIGHT BOTH SYSTEMS CONTINUE TO MOVE  EAST RIDGING SEE SOME SNOW GETTING INVOLVED IN THE NORTHERN GREAT LAKES. IT'S MAINLY RAIN  FARTHER EAST INTO WESTERN NEW ENGLAND BY TOMORROW MORNING. AND THE WESTERN SYSTEM  CAUSING A LOT OF SNOW IN THE HIGHER ELEVATIONS OF THE ROCKIES HEADING THROUGH THE REST OF THE  DAY TOMORROW. HIGH PRESSURE BUILDS INTO THE GREAT LAKES SO COOLING THINGS OFF A FEW DEGREES  BUT NOT MAKING IT OVERLY COLD AGAIN THIS NEXT ONE WE'LL HAVE SOME ARCTIC AIR GET INVOLVED WITH  IT AS IT COMES FARTHER EAST AND AS WE HEAD TOWARD THIS COMING WEEKEND TAKE A LOOK A  PRECIPITATION ESTIMATES OVER THE PAST 24 HOURS. WE'VE SEEN SOME DECENT AMOUNTS IN EASTERN  FLORIDA AND ALSO WESTERN WASHINGTON ADDING IN THE NEXT 36 HOURS. BUT WE'RE GOING TO ADD A  LOT OUT WEST. YOU CAN SEE SOME OF THE HIGHER ELEVATIONS GETTING SEVERAL INCHES OF MELTED  SNOW AT THAT POINT. IF YOU MELTED IT DOWN THAT'S WHAT IT WOULD BE. BUT IN PLACES WHERE IT'S  RAINING YOU MIGHT GET TWO OR THREE INCHES OUT OF IT. MOSTLY LIGHT SHOWERS AS YOU CAN SEE  ACROSS THE OHIO VALLEY AND THE GREAT LAKES SNOWFALL ESTIMATES AND PAST 24 HOURS ADDING IN  THE NEXT 36. A LOT OF THIS EASTERN SYSTEM IS IN CANADA BUT THE WESTERN ONE YOU'RE GOING TO  SEE A LOT OF BIG AMOUNTS SOME OF THE HIGHER ELEVATIONS OF THE SIERRA NEVADA. AND THE  NORTHERN ROCKIES TAKING A LOOK AT AFTERNOON TEMPERATURES THERE'S A COLD AIR POISED IN  CANADA BUT OTHERWISE WE'RE TALKING 30S IN THE NORTHERN PLAINS 70S AND 80S BY THE TIME YOU  GET TO LOUISIANA AND TEXAS. LOW TEMPERATURES TONIGHT 20S IN THE NORTHERN PLAINS 40S ALL THE  WAY DOWN INTO NORTHERN ALABAMA AND NORTHERN GEORGIA AND YOU CAN SEE TOMORROW  AFTERNOON KIND OF MILD PLEASANTLY MILD ACROSS THE SOUTHEAST SOUTHERN PLAINS BUT STILL ON THE  CHILLY SIDE FARTHER TO THE NORTH JETSTREAM AS WE HEAD THROUGH THE REST OF THIS WEEKEND SEE  THAT FIRST SYSTEM CONTINUES TO MOVE EAST. THEN AS BIG TROUGH BUILDS THEN THAT'S WHAT BRINGS IN  THE ARCTIC AIR AND IT LOOKS LIKE THAT TROUGH HOLDS OVER NEW ENGLAND IN THE GREAT LAKES AS WE  HEAD INTO NEXT WEEK. THAT'S A LOOK ACROSS THE COUNTRY. NOW LET'S TAKE A LOOK AT SOME LOCAL  FORECASTS THAT IN BOISE IDAHO TODAY MOSTLY CLOUDY WITH JUST A BIT OF RAIN. HIGH TEMPERATURE OF  51 ABILENE TEXAS COMFORTABLE WITH A MIX OF SUN AND CLOUDS HIGH 68 IN ROCHESTER NEW YORK.  MOSTLY CLOUDY SKIES PROBABLY SOME PATCHY MORNING FOG HIGH AROUND 48. 

TEASE
NEXT A PRODUCE UPDATE FROM OUR PARTNERS AT THE PACKER, INCLUDING A  LOOK AT CHINA'S GROWING DEMAND FOR U-S APPLES. AND FIND OUT WHAT USDA IS DOING TO HELP KEEP AN INVADER IN CHECK  THROUGH-OUT THE SOUTH. AGDAY - BROUGHT TO YOU BY ILEVO SEED TREATMENT FROM BAYER. PROTECT YOUR SOYBEANS FROM  SDS AND NEMATODES THIS SEASON.

PACKER TV
ON THE PACKER TV, AS NAFTA TALKS RESUME--ARIZONA REPUBLICAN JEFF FLAKE  HAS PUT A HOLD ON THE CONFIRMATION OF GREG DOUD, PRESIDENT TRUMP'S  NOMINEE TO BE THE U.S. TRADE REPRESENTATIVE'S CHIEF AGRICULTURAL  NEGOTIATOR.  POLITICO SAYS THE HOLD INVOLVES CONCERNS SURROUNDING A PRODUCE  PROPOSAL THAT THE UNITED STATES HAS INTRODUCED INTO NAFTA  NEGOTIATIONS.  THE SEASONAL PRODUCE PROPOSAL IS AIMED AT PROTECTING U.S. FARMERS  FROM CHEAPER MEXICAN IMPORTS.  GROWERS IN THE SOUTHEASTERN U.S. SUPPORT THE PROPOSAL. FLAKE ARGUES THAT THE MOVE WOULD RAISE THE COST OF PRODUCTION,  REDUCE THE SELECTION OF FRUITS AND VEGETABLES FOR CONSUMERS, AND  HURT GROWERS IN WESTERN STATES LIKE FLAKE'S HOME-STATE OF ARIZONA.  THE LARGEST U.S. PORT OF ENTRY FOR PRODUCE IS LOCATED IN ARIZONA.  OUR PARTNERS AT THE PACKER SAY CHINA IS EXPECTED TO BUY MORE APPLES  FROM THE U-S. A USDA REPORT SHOWS CHINA'S APPLE PRODUCTION IS NEARLY STEADY WITH A YEAR AGO. BUT DEMAND  HAS INCREASED. CHINA'S TOTAL APPLE IMPORTS ARE FORECAST AT 80-THOUSAND METRIC TONS IN  THE 2017-18 MARKETING SEASON. THAT'S AN INCREASE OF 14-PERCENT FROM  THE PREVIOUS MARKETING YEAR. STRONG DEMAND FOR HIGH QUALITY APPLES AND DROUGHT IN CHINA LIMITED  DOMESTIC SUPPLIES.

TEASE
UP NEXT, AN INVADER IS GROWING IN SOUTHERN FORESTS. BUT THERE'S A NEW APPROACH TO CONTROLLING THIS INVASIVE SPECIES.  DETAILS NEXT. AGDAY - BROUGHT TO YOU BY THE ENLIST WEED CONTROL SYSTEM.  MORE WEED CONTROL.  LESS  DRIFT AND VOLATILITY.  MAXIMUM YIELD POTENTIAL.

IN THE COUNTRY
IN THE COUNTRY - BROUGHT TO YOU BY KUBOTA'S M7 SERIES.  LEARN MORE ABOUT THE LARGEST  TRACTOR IN KUBOTA HISTORY AT KUBOTA.COM. SOUTHERN STATES APPEAR TO BE LOSING GROUND TO A SUPER INVADER -- THE  CHINESE TALLOW TREE. THE HIGHLY INVASIVE TREE IS RAPIDLY OVERTAKING NATIVE FORESTS.  BUT THERE'S HOPE IN A NEW APPROACH. RESEARCHERS ARE WORKING WITH THE USDA ON THE POSSIBLE RELEASE OF A  BEETLE THAT EATS TALLOW ROOTS AND LEAVES.  STACY PLAY-SONCE REPORTS. SOUTHERN STATES ARE LOSING GROUND TO A DANGEROUS INVADER … "THAT IS OUR ENEMY. THAT IS THE CHINESE TALLOW." THE HIGHLY INVASIVE TREES HAVE SPREAD SO FAR AND WIDE SINCE THE  1990S,  SOME STATES NOW REGULATE THE SALE AND TRANSPORT OF CHINESE TALLOW,  WHICH ARE OUT-COMPETING NATIVE PLANTS FOR SPACE AND RESOURCES. "THEY GROW FAST. THEY MATURE FAST, SO THEY CAN START BEING REPRODUCTIVE, PRODUCING VIABLE  SEEDS AT THREE YEARS, AND FOR UP TO 100 YEARS, THEY'LL BE PRODUCING JUST THIS MASSIVE QUANTITY  OF SEEDS." DATA FROM THE US FOREST SERVICE SHOW TALLOW IS NOW SPREADING  ACROSS 10 STATES. BUT IT'S MOST PROBLEMATIC IN TEXAS, WHERE THE NUMBER  OF TREES HAS NEARLY TRIPLED, AND IN LOUISIANA, WHERE THE POPULATION HAS INCREASED BY MORE THAN 500 PERCENT IN THE PAST TWO DECADES. "IT'S ONE OF THE MOST PERFECT INVASIVE TREE SPECIES JUST FOR ITS WIDE TOLERANCE OF DIFFERENT  CONDITIONS. IT CAN TOLERATE SHADE. IT CAN TOLERATE FULL SUN AND ALL SORTS OF SOIL CHEMISTRIES." CUTTING THE TREES DOWN ENTIRELY AND THEN TREATING EACH STUMP WITH  HERBICIDE IS THE MOST EFFECTIVE FORM OF ERADICATION – BUT IT'S LABOR  INTENSIVE AND NOT PRACTICAL ON A WIDE SCALE. THAT'S WHY RESEARCHERS ARE HOPEFUL A NEW FORM OF AMMUNITION MAY  SOON BE ON THE WAY – THE FLEA BEETLE, FROM THE TALLOW'S NATIVE REGION  OF EASTERN CHINA. "IMPORTING AN ORGANISM TO HELP CONTROL ANOTHER ORGANISM RIGHT OFF THE BAT DOESN'T SOUND VERY  INTUITIVELY SMART TO DO, BUT IT TURNS OUT THAT ESPECIALLY WITH INSECTS AND PLANTS, THEY'VE CO- EVOLVED OVER MANY MILLIONS OF YEARS, AND IN A LOT OF CASES, THE INSECT IS VERY HOST-SPECIFIC." THE US DEPARTMENT OF AGRICULTURE HAS BEEN WORKING ON AN  ENVIRONMENTAL IMPACT ASSESSMENT, AND IF APPROVED, THE BEETLES COULD  BE RELEASED AS EARLY AS NEXT YEAR. GETTING TALLOW UNDER CONTROL IS VITAL FOR THE HEALTH OF THE  ECOSYSTEM. MOST DAMAGING IS THE TALLOW'S ABILITY TO CROWD OUT NATIVE  PLANTS AND TREES. "WHEN YOU DON'T HAVE THE SWEET PECANS, WHEN YOU DON'T HAVE THE DIFFERENT TYPE OF BERRIES,  THE YAUPONS, THE GREAT WIDE VARIETY OF BEAUTIFUL PLANTS WE HAVE IN SOUTHERN LOUISIANA, THEN  YOU'RE ALSO NOT GOING TO HAVE THE WIDE VARIETY OF BEAUTIFUL ANIMALS." A DANGEROUS DOMINO EFFECT CAPABLE OF DISRUPTING AN ENTIRE ECOSYSTEM. STACEY PLAISANCE/THE ASSOCIATED PRESS-NEW ORLEANS INTERESTING!

CLOSE
THAT'S ALL THE TIME WE HAVE THIS MORNING. WE'RE GLAD YOU TUNED IN.  FOR MIKE HOFFMAN, AND ALL OF US WITH AGDAY, I'M CLINTON GRIFFITHS. HAVE A  GREAT DAY. AGDAY - BROUGHT TO YOU BY RAM COMMERCIAL - AMERICA'S LONGEST-LASTING HEAVY DUTY  PICKUPS. 

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 Barchart.com
Brought to you by Beyer
Close