welcome to this special edition of u.s. farm report. i'm tyne morgan, and here's what we're working on for you this holiday weekend. the stock market races to new highs. how long can it last? i personally believe i think it's on trade...

dependable, long lasting, chevy silverado.> now for the news that moved the markets this week, the dow , nasdaq and s&p 500 hitting new highs this week, an encore to an impressive performance the week prior. the stock market kicking the week off with a bang as the s and p climbed to all time highs rally fueled by optimism over what a trump administration will mean for fiscal policy, which could reverse president obama's plan of raising taxes and increasing regulation. president elect donald trump continuing his hard stance on trade. he wasted no time in putting togehter a plan that he says is based on one simple core principle...putting america first in a video statement this week, trump says from day one,

ber one on that list? trade.

pulling back from its bullish run earlier this week. that broke a 10 day winning streak, whch is the longest in nearly 3 years. that helped soybeans rally more than 26 cents on monday, march contract reaching a 4 month high tuesday. meanwhile the latest cattle on feed report showing a one percent drop at the nation's largest feedlots from a year ago. the inventory sits at ten-point-seven million head. placements dropped five percent from october 2015, now sitting at two-point-one million head. marketings of fed cattle shooting up 5 percent, now at one-point-seven million those are the headlines...meteorologist mike hoffman joins us now with weather. with the weak la nina, how's your 90 day forecast shaping up? that's right tyne were take us through the winter basically over the next ninety days was starting off a lower starting to see is a fun atmosphere in fluxs were starting to go into a more

the jet stream again saying things just kind of moving from west to east as we head through this week of a big storm system there over the middle of the country and that's going to be producing a lot of rain and snow especially farther north obviously on the snow part still a good trough by the middle of the week in and as we head through the week another one digging in and out west to leave some shots of colder air i don't see any true arctic air coming in quite yet but none the less winter starting to come on in parts of the country there's a a december outlook for temperatures on going below normal for the northern plains much of montana and southeastward into the central mississippi valley and into the ohio valley above normal for the far northeastern eastern canada and the far southern states especially into the southwest above normal temperatures are expected then we'd get in all more general cool down in the great lakes and northeast i think that for winter really starts to hit in january and again the plane state you'll go back in forth here will be below

west and i don't really change that a whole lot on in the february below normal for much of the midwest ohio valley great lakes above normal then in the a southwest as far as precipitation above normal great lakes in the northeast the northwest and northern rockies below normal through much of the southern tier of states tyne thanks, mike. stock market reaching all time highs, a nice run in the soybean market. is this a tahnksgiving gift? we'll discuss next with john payne and dan hueber. dan hueber.

welcome back this thanksgiving a weekend here on u s farm report. our market roundtable with john payne of daniels trading and dan huebert of the hubert report. what a crazy week again when we look at the stock market on monday hitting new all time highs, is it still the post trump election that's driving the stock market right now john? certainly look at the way the price of change since the night

that's where you have to start it. essentially look it is like a new game. the game is essentially started from that point. we've seen some follow through. now i think it probably looks to follow through the election at that point, the kind of honeymoon period would end for mister trump and then we'll look at the policies he'll set and how the market will react to it. but shorter term here will have the bond markets first and foremost. they're telling us that things are different right now. so you have to expect the commodity markets will change in that fact. what do the bond markets expect to happen with this federal reserve with a possible rate hike is that pretty much expected at this point? i believe so. you know we really think the bond market headed lower for the last couple months now. so they very much have been setting the stage for the fed to kick up a raid here in december. i don't really think anybody thought they were going to have a pre election but now that we're beyond the election, there could be no accusations that it was trying to favor one candidate over another. so i think in december

is realistically not very much but it hasn't changed nonetheless. so in the markets tend to try to anticipate those kind of changes. at the same time, u s dollar we had seen a pretty good run on the u s dollar i think the longest bullish run in three years. where do we sit on the dollar index? we saw it dropped a little bit. what happened? what stopped ? well have a couple of things. i'll first start say the dollar index is essentially a basket of currencies with the yen, the euro, and british pound. so when the same policies that the u s government is, weak rates, you have the dollar which looks like it's diverting here. it's going to show that spike. but we look at the markets and for the dollar versus say the russian ruble or even the brazilian ria the last year. so we look for a little bit of volatility here is that the president takes over but those currencies rally could be beneficial for the commodity markets. the u.s. dollar index rallying, you would say counter

llying that could be a good thing long term. then do you think the dollar has more room to the upside? ipersonally believe it's probably exhausting itself with the current move we've seen. i think it was already kind of on pins and needles coming into the election. markets again don't enjoy shock, they received a kind of a shock. of course the day of or the evening of the election, just a huge volatility in the first swung lower then swung back higher. but i think now we've had this kind of trump-flation idea, but it's all self perpetuating. here we have the idea that we're going to see interest rate hikes, possibly because the drop administration may be a little more positive towards the gdp growth. which course means we're going to try to push interest rates higher, which in turn mean could it track more buyers into the dollar. it would really seem like we have put the cart way ahead of the horse at this point time. so it might have to rebalance a little bit just find out when reality does happen once the new administration takes on. the run has been so

thankful for john, but a sweeping rally on monday is another thing that we could be thankful for. what drove that impressive bull run on monday? we're continuing to see shipments at record levels and were well above the pace from last year. a lot of folks are pointing toward some slowing that will happen in a in the new year with exports, but we haven't seen that yet. and right now with the dollar doing what it's doing , and the three markets that are tied in the chinese markets right now to be copper, cotton, and soybeans look for beans to run out of steam as we get into the end of the year. as far as how much we're going to grow next year, that's still up in the air. we know the acreage story will be big, but yields are still uncertain in south america and in the u.s. until those are figured out, i think we're probably on trend. soybeans have been so resilient. you know when we look at this record crop out there, it is impressive that that's where these are at the level we see today. but also it

little bit. so can that last? the palm oil market really has been stagnating here the last few weeks. we continue to hear stories about it. and really the issues with palm oil really go back to el nino and the drought they suffered in malaysia and indonesia earlier this year. we're probably beyond that to a certain extent. of course on a worldwide basis, there is been pushes to move further away from palm oil, which i guess is not necessarily bad for soybean oil to begin with, but absolutely. this this bean market is impressive in the respect that a record crop in south america and here we continue to hold beans at the 10 dollar plus area, so i mean everybody is for probably two years now, has second guessed when is this chinese demand a stop and it just does not stop. so i think there on a program to rebuild inventories. they're probably trying to increase or improve their protein diets a little bit. of course that come with the feeding of more last act in

on cotton and will look a little bit more in china and south

welcome back. well john mentioned cotton before the break. let's dive into that a little bit more. john cotton harvest is running behind in texas right now. what kind of uncertainty is that creating in the cotton market if at all? we have this december delivery essentially bet on the harvest coming out of the the ground here and meeting that december contract, we essentially came to the realization last week that that wasn't going happen. so we saw the front months of cotton, march and december of this year, really really jump this week. and then the deferred contracts kind of stay stagnant. the story going forward here i think, is not going to be about production it's just going to be about getting it out on time. the report we saw on monday showed

lds. but i will say we mentioned in the segment before, soybeans, cotton and copper have really performed on the stage post-trump. so the idea for a sell-off here would be i think a little bit premature, but we're looking in acreage for next year along with a pretty substantial carry out. for where we sit, loking at the other row crop markets might be beneficial to do some hedging here looking to jump in the markets and protect the price, profit margins. but betting on harvest is always a difficult thing because you're betting on mother nature. what's the story for corn moving forward? corn is coat tailing with the soybean market that's kept helping support it. all that said, by no means is it the demand we continue to see in soybeans, but the demand has been relatively solid. we saw the usda boost of the export numbers on the last report and again i think you have to say similar to beans, it has, for months, been bombarded with negative news. bigger production numbers, changes in acreage, and

lly how they'll bottom. then they get into periods of long base building, but they ignore the really negative news. a lot of people would not have been shocked to see a corn thirty forty cents lower than we got back in the fall time. and it didn'.t and we're really at that stage of moving from the supply mentality to more of a demand mentality. in the course then thinking about what could happen for next year. so i think we have the worst of it behind us. but probably limited upside potential at that point as well. as the conversation does move to demand is the demand there? the demand for the physical supply is there, but i like to look more like a speculative demand. and we've seen and soybeans may seen in cotton where you've seen seen speculative buyers come in and push the price , but in corn and wheat, we still have a stagnant picture with the shorts are in the market and has have really been difficult to broken out. so we kind of look at what's going to make a change. is it going to be u s acreage? is it going to be a south american weather story? from what i see, there's really not a

folks will come out that could be some additional demand on top of the physical supply. so should we be taking advantage of some these twenty seventeen prices or do you think it's it's too early at this point? i guess personally, i look at the swinging market say certainly when you have a new crop soybeans above the ten dollar mark, probably not a bad time to take advantage. i think a lot of people can make money at that point. corn, at four dollars boy that really touch and go for a lot of producers. if we continue to accelerate higher from here a cember corn the last two years a stop between four twenty four fifty. anytime you're in that realm certainly take some take advantage of it. but you know right now you've got eleven months of risk ahead. so it's a lot of uncertainty out there just yet. and entering into this holiday season, looking at the funds specifically, do you think we'll see more volatility come into play over the next few weeks? sometimes we don't look at these. we're busy over the holidays, don't really turn up these markets may be as closely as we do throughout the year,

eason? the volatility will come from the up side. because i think in the case of corn like dan mentioned, a lot of folks are looking prices here saying right on the edge of profitability. so if if they put on hedges are the markets would run on a south american weather scare, we could see some of the shorts bailout. and that's what you want take advantage of marketing side. talking about south america, you know we're seeing some planting, some wet weather, some planting delays in argentina, but it's been really good down there. so does that minor news story does build a lot. granted brazil as whole army , the people we listen to that they're down on the ground down there say you know as in every year, there's some trouble spots here and there, but as a whole it looks like a pretty solid crop. argentina, we were looking at losing some soybean production there anyway as they try to shift a little bit back more toward corn. two, three million metric tons off the high end of the crop. you know certainly not a disaster by any stretch of imagination. we're gonna have to see something a little more serious in that develop to really get the market excited and weather. all right well time now to get their closing

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we have on the upside.i guess i refer to it as we're going to spend some more time in the desert. we probably don't have a lot of risk to the downside but without a stimulus to drive us higher, it's hard to get a big challenge going to the upside as well there's an old adage in the commodity markets and if the bulls get turkey for thanksgiving, the bears are going to get it for granted this turkey might be a little small, but it still had been rallying at this point, so i tend to think we're goign to be in for an extended period of sideways kind of stagnant markets so take advantage of hte rallying being being here i appreciate it. stay with us, john phipps has some thanksgiving commentary when we come back

has some thanksgiving commentary when we come back

some of you are probably still recovering from devouring a big meal this week. for john, it marks a special season... i'll let him explain from teh farm. ven by the most traditional rules, the celebration of

evolving position on what the proper amount of illumination is for this season, but this year, my focus is going to be on the led - light-emitting diode. led's are rapidly replacing incandescent bulbs just about everywhere, and the fact they are so much more efficient, using a fraction of electricity and generating far less useless heat, has a huge impact on our onsumption per capita has been essentially flat for twenty years, for example. many of you remember the dissatisfaction with mandates to switch to more efficient lighting devices, and to be fair, one solution - compact fluorescent lights (cfls) - were poor substitutes. by we've worked through that transition period and the price of led's has plummeted to

almost none as heat, they last about 25 times longer. this means the flashlight you depend on once every decade or so during a power emergency not only works, but is far brighter than the old versions. it means you can have more light available is compact form and use triple-a instead of d-cells. they've even started getting the colors a little like. but now that we're churning out tons of these devices, you can get a lot more stings to drape over landscape without spinning up your electric meter or busting your budget. sometimes we have to go through a grumpy transition phase to help new technologies break into mature marketplaces. from catalytic converters to low flush toilets to leds, that's something to remember when confronted with change in the

ou think. thanks, john. when we come back, it's a tribute to all the men and women who weave this great industry together. 2016 proved to be another challenging year. but that's not stopping farmers from counting their many blessings this year. harvest of thanks is

good morning im clinton griffiths and im tyne morgan welcome to harvest of thanks [music] [music] wonderful time of the year as the frantic pace of harvest winds down and we can reflect on another season of abundant effort. the important work of farmers and ranchers is not always easy. but as we get to witness every day - it is fulfilling as farm families help put nourishment on our

oneers who faced trials and tribulations to eak out an existence on this land we call america. andrew mccrea begins our harvest of thanks. america's farmers and ranchers dedicate their lives to feeding and clothing our country and millions of others across the globe. before the trip it was just an ordinary ship. sixty-six days later, she would go into the history books as on of the most famous vessels to cross the atlantic whit perry, director of maritime operations at plymouth plantation this was a ship that was available. it was a very common merchant ship that would have been available for hire. the passengers were considered cargo, and the sailors favorite kind of cargo because it was self-loading cargo. this was the u-haul of its day. for the sailors on the mayflower, this was a long run, but not uncommon. it was a different story for the pilgrims. for the passengers this would be like you and i going to the moon. they had no idea what to expect. incredibly courageous. this wasn't something that was done very day. worse than that, the

tween deck of the ship. passengers were probably only allowed on the main deck in small groups to get occasional fresh air. their charter said they were to go to new york. conditions altered that plan. the captain did attempt to go down the coast toward the intended landing spot, but poor weather and treacherous shoals sent the mayflower to a landing spot at today's plymouth, ma. captain christopher jones didn't just dump the pilgrims out and leave though. he was very patient they had to anchor quite far out. they kept using the shallop and ships boat to build homes on land. the mayflower did remain off shore for about four months. only 53 of the 102 passengers died plus have the crew perished before the mayflower left for home. today you can come to plymouth, ma and see a full size replica called mayflower ii. the brightly colored ship resembles, as best as is known, the original.

s design. no we didn't have perfect blueprints of mayflower ii. what did have in documentation we knew the ship was 180 tons burdened which means it could carry one hundred and eighty one ton barrels and knowing that figure, and using plans from ships of that day, they could recreate what they believe the original mayflower looked like. the reason that some of the merchant ships were nt colors and things up high, what we call the bright work, is so that they were easily identifiable by other merchant captains from far away. so they wouldn't normally have the name of the vessel on them, because the master could read, but a lot of the sailors couldn't read. although it's been nearly 400 years since the first mayflower sailed into this harbor, it's a story of courage and cooperation that still captivates americans. a story that we especially remember each

massachusetts, i'm andrew mccrea very touching. weather challenges are woven into the fabric of farming. but for many soybean growers in the midwest, weather was nearly ideal. next, we'll meet an illinois farmer who is harvesting the crop of his life with his family by his side. later, you'll meet a farmer who knows what it's like to run a team of horses to bring in the crop. but he'd rather do it from the cab of his new combine. we'll share the wisdom of a 90 year old farmer that you don't want to miss. and through-out this show, you'll hear from farmers through-out the country who share their blessings....like keith sch-raider of defiance, ohio.

there's no such thing as a perfect year. an2016 produced it's fair share of challenges proving to be another tough year for many. farmers in the south battled flooding in texas and louisiana. late summer and early fall more than a foot of rain dumped on farmers in missouri and iowa. the aftermath? this shocking footage and damage to a crop that was planted in record time. let's not forget hurricane matthew that raged along hte atlantic coastline. farmers in it destroyed the cotton crop in areas of the state. peanuts suffered a 60 to 80 percent loss. todd boyd says farmers were banking on a good crop this year just to survive and now many are left with question marks as to where they go from here. but it was drought that left scars in the northeast. farmers from pennsylvania to maine grappling with the most

dairy industry became scarce, and this fall, it forced some cranberry growers to harvest their crop by hand. dry harvest is necessary for harvesting what's used as fresh fruit. but for some, they didn't have enough water to flood bogs.. and picking by hand requires much more labor and takes a lot more time. despite all those challenges, if farmers prove one thing year after year, it's they know how to prevail. mother nature seemed to shine in august, bringing some much needed rains to areas, just when the soybeans needed it most. and they harvested the best crop of their careers. even having to double check their yield monitors, thinking with such outrageous numbers, the yield monitors couldn't be right. in roseville, illinois. incoming american soybean association president ron moore was just as shocked with the bumper crop in 2016... the best crop of his life. but to bring in such a bountiful harvest with family by his side, made harvest of 2016

moore has learned what once seemed unusual in the field is now quite common. the western illinois farmer and vice president of the american soybean association isn't alone.. he's one farmer of many, seeing a record soybean crop this year... what he says is a testament to good growing ions and good varieties. but yields aren't the only thing that's evolved over the years on the moore's operation. there's probably 100 pods on this plant, that's just amazing."> ron and his wife deb work on the farm.. and after a move to chicago, michael, one of ron's sons came back to the operation

a blessing. i enjoy working with my father and son. while farming is this family's full-time job, across the u.s. he says asa is putting attention on policy and advocacy now more than ever. policy is one thing, demand is another

use it."> at home and overseas... he believes china will continue to chew through the supply... while moore fights for farmer's in washington... he's thankful for his family back home and a bountiful crop they get to harvest together. thanks, tyne. when we come back we head to texas - a state known more for its cotton than corn. but that's where we meet a corn grower who's thankful for the work he loves. and later, we'll meet a 90 year old farmer who's gift wasn't just a record crop this year, but a shiny new machine to make one of the best times of the year even more enjoyable. but first, bryon chvatal pronounced woddle of prague, nebraska is thankful for more than a bountiful crop this fall.

happy i have a long-lasting

it was records for many bean growers. but corn farmers also look to be setting a new historical high in 2016. even with prices being down, bountiful bushels are helping to keep families in the game. for national corn grower president wesley spurlock, of stratford texas-- harvest is always the first step in preserving the family legacy the unconfined

te amid the foundation of the spurlock chapel. my great grandfather was a methodist preacher so when they came out of arkansas and they moved into the texas panhandle one of the first things they did was start a church. first built in 1903, it's been a place of hope and new beginnings more than a century... that sentiment continues to drive the spurlock family farm. we're thankful that we're a multigenerational family. we've got the 5th sixth and 7th generations out here on the farm working and in ownership. my grandfather actually came in at 14 years old on horseback in 1898. so we've been in since the late 1800's early 1900's and harvest in "2016" will cut it's own path in that family legacy. we're looking at 230-240 bushel corn right now and we're tickled with

clear, this year's crop found a way to hold on. the rain kind of backed off. we got just a little bit early in may and a little in june and then we got hot for about 2.5 weeks were at about 100 degrees during the day. it may not be the biggest yields we've ever seen but anytime we get these types of yields it's a great harvest. with family by his side, this president of the national corn growers association is already looking at the next horizon. testing new technology, watching prices and preparing to take on the 2017 policy challenges in washington...including a new farm bill. we just really want to work hard to make sure some of the problems in localized areas can be cleaned up corrected so that everybody in the us in all farms across are getting a fair shake out of the arc and plc payments. regardless

that harvest shows up. where for more than a century... a great place to raise families and to live and enjoy life. his family has stood, tall, steadfast, and believing in the promise of a better future. thanks, clinton. and next we'll meet a 90 year old farmer who waited his whole life for one special gift. but first, fred pond of scott ohio is thankful for nice harvest weather, despite a challenging growing season. always thankful just to get out on a beautiful day like this and enjoy the weather. thankful for family, thankful for blessings that

harvest is more than just another year's crop. oftentimes, the memories cherished are with family members moving in and out

father and son as they harvest another year together. betsy jibben takes us to illinois....for another stop on our "harvest-"tour' of thanks'. northern illinois farmers know the crop brings a good crop. "this is probably ten to fifteen percent above average, but the memories in the field may be sweeter than what ends up in the cab, especially true fo n kennay. "i was born in 1926," "i've probably harvested seventy years or something like that." "i'm at forty years of farming. i don't know if i will make it to seventy four, seventy five or seventy six years, but i'll try," said john kennay. major milestones they're making try," major milestones they're making is special, marking don's ninetieth birthday. "i used to

don had that feeling for well over seventy harvests, with a break in between to serve his country. "that's all we knew in those days, just shell corn by hand and come in at noon. then, you shove it off and go back again by hand," the man who remembers farming with horses got an updated 'horse-power' of his own this year. that's a new combine. don 'horse-power' of his own this year. that's a new combine. don "it has a lot of bells and whistles to it!" "i never see him making mistakes. he's running all the bells, whistles and toys on it as well as anybody can,"

the way it goes nowadays," but don's fancy new equipment doesn't make him forgetful of the past. he keeps a horse shoe on his machinery. "when he first started picking corn, his traction was a horse with horseshoes, instead of big rubber tires, it's a reminder of harder times, when harvesting over an acre was a big day. "it's probably good luck. i don't know. we are having good luck today," there may not be many farmers don's age left ning on handing over the reins anytime soon. if i can wake up, i'm going to pick corn!" "i'm just awful proud of him. he's put his life into it, thanks, betsy. and just when you think don couldn't get even more impressive, he says at night, he'll climb up and down the steps on his equipment... just

thanks message. and if you're trying to guess what he's thankful for this year, you may want to keep guessing... we'll

after a long and mostly unpleasant election year, you may be able to guess what john phipps is thankful for. and you probably would be wrong. john joins us from his illinois farm to explain why...in his annual thanksgiving message. suppose someone close to you - a friend, a child or grandchild, or even your spouse - came to you and said, "i'm thinking about running for a public office". it could be anything from township clerk to state legislator or president. what would your initial reaction be? i'm guessing it would be something like mine: "are you out of your

the bottom of respected professions. there is an entire industry devoted to scrutinizing every aspect of their conduct and person, and there is little sympathy for all too human faults and failures. as we have just seen, the process of choosing who will hold public office is brutal - even at the lowest levels. and once in office, it seems most rules of respect and courtesy are no longer applicable. we grant them few boundaries of privacy and automatically suspect every motive. i think we have worked into a vicious cycle. the cynical expectations of the american public, and the enthusiasm we pour into finding personal and ideological flaws in our candidates has made public service an almost unthinkable choice for our best and brightest. as a result, we

choose to endure this process and seek such careers. so this thanksgiving, i'm reminding myself to be thankful anyone runs for public office. after all, they are doing a job the rest of us would not. and i will be thinking about what i can do to weaken this corrosive feedback loop so that my answer to my friend considering public office can be, "great, you are just the person we need. how can i help?" well put, john. thank you. as we close out this thanksgiving salute, it can be difficult to put into words how we feel about this business we cover and the farm families we get to know. they always find a way to persevere... and 2016 is proof of that. . may your harvest be full of thanks-and your blessing's bountiful. the hard work, dedication and passion are appreciated by all

you for all that you do to ensure our tables are full and our thanksgiving's a special time with family. god bless. high strength steel for high strength dependability. chevy silverado the official news-gathering vehicle of farm

saturday november 26th. starting out with a live look at former cuban leader fidel castro has died. the news of his death was met with cheers in miami. after black friday, it's time for small business saturday. we'll tell you about this year's event supports local businesses. you're watching kcrg-tv9. now, from your 24 hour news source, this is the kcrg-tv9 saturday morning news. joining us. we begin with first alert storm team meteorologis t britley ritz. finally some sunshine will be in the forecast for your saturday. get ready for