ballimore safer >> today on us farm imports. business is good and ag exports continued their strong base. and so is the wheat harvest that has good yields type of the prices in many areas. and some dry areas are finally getting some rain so hate stocks are improving for buyers. >> us farm report, brought to you by the 2004 chevy silverado. the most dependable, august lost in full-size pickup on the road. >> hello and welcome to us farm report. i'm done that. there is a misguided tale

intertwined with the great drama in europe which is rolling our own act markets. the germans have been working hard and prudently as they build economy and abundant savings. the greeks have been compared to the grasshoppers, spending and are way way too much. so why should the virtuous germans have to bail out the profit list greeks? dot because the greeks deserve it because the germans loaned the money in the first place seeking higher interest rates than they could find at home. what were the germans thinking? if you want your money you're not a creditor, you're a partner. >> the export outlook for american agriculture continues to shine bright. this week the eye department announced exports were at the 2012th is clear by now projected to hit 124 and a half billion dollars, the second- highest level on record.

this updated figure is 100 and half billion dollars higher than the previous estimate, leading the way with we and soybeans also performing well. in terms of customers, both canada and mexico are on pace to set new records and mexico and china are up more than a billion dollars thanks to strengthening demand for cotton, pork, dairy and poultry and tree nuts. nationally 9% of the crop has already cut. in oklahoma the wheat harvest is 41% complete. the five-year averages just 3%. good growing weather has given way to good harvest conditions around the state and yields are 20% or more above-average hitting machine that will work workout. >> the combines are running one and a half or 2 miles per hour in the field, they are just crawling. they are bigger machines but it's taking twice as long to get the crop because we have twice the

bushels out there. >> rosen says last year's supply stifle the crop and that's why many producers are bailing the crop for hay rather than harvesting for grain. mostly due for higher prices, hey use this past winter was at its lowest level since 1980. the center says many producers chose a lower cost options including baled cornstalks. the tape raises expanding prices are expected to soften. the lack of rain is becoming quite scarce and eastern korbel. overall 72% of the nation's corn crop is rated good or excellent, down 5% from last week. indiana has seen a 14-point decline. in the westervelt, i was crop has chopped 4.77% is still reported to be good to excellent shape. the usda has finalized its plans to consolidate and close

down some farm service agency county offices. those officers will be rolled into other usda service centers. the usda says most are within 20 miles of another office. in total they will consolidate 125 up to offices nationwide. those are headlines, now back to john for the crop watch. >> crop watch this week shows just how early the corn crop is this year. tine morgan is on the road and she sent us a photo from caraway arkansas. a farmer told her that it's unheard of to see tassels in may in a part of the state. a farmer from simpson county north carolina sent us this photo. he said corn planted on april second now stands 8 feet tall,

the result of one or 2 inches of rain per week. and in may, potato growers are off to a good start. they say the crops are all planted with nearly 15% emerged. when us farm imports returns, al is back to talk markets local chefs in the national

spotlight.see master chef contestants go head to head.. before the rest of baltimore... >> roundtable guest this week we have brian doherty from story. send an brain fried from water street solutions. i don't know where to start. give me two things that we ought to be talking about today and i will ask you for two things and then we'll talk about what i want to talk about. >> well, we could talk for us where we are weatherwise with

the corn crop. i think we got more moisture to most were expecting. so i would start with that and then the overall general pessimism in the market overall. >> now what are two things you wanted to talk about? >> while i'm pretty bearish because i don't see a lot of pricing. the other thing is, it goes along with his pessimistic outlook. we have a meltdown going on in europe and more of that is to come. so i would take her back on that. >> unsurprised neither of you said anything about soybeans. it just took a nose dive. >> well bullish market's peak at some point. the market responded and turned right around and went downward.

the very big signals at the top of the market, and, it was the only game in town for a while and now it's not even a game anymore. it's very just like the other agriculture commodities. >> i think the trade is getting more comfortable. there was a lot of switching. maybe the market is trying to digest all that and i think we still have lower to go. >> while the funds were a big part of that thing. and i think they are learning to try to take care of themselves at that time? >> yes, and that could be trying to get to the sidelines. >> the other turnaround we didn't talk about was the us

dollars, and a 6% increase in value. it's a significant jump when you look at it, it's a two-year high and consequently, the chiefs took a bit of a pass because of that. >> yes. the dollar did not have a good close on friday, but they will see what that means longer term. >> i heard another commentator talking the other day about the fact that the crew oil going down is not good for agriculture, and i couldn't understand that. which side are you on that site? >> is probably the best thing for our economy, but they were probably thinking a small margins viability of that. i think that would be the best in stimulus we kb=á+u>sçhave is country. >> let's get to this corn situation. i no you were going to tell me about your feeling on corn.

>> well, corn, the new crop especially has been a slow and slippery slope for months and it just hasn't had anything kick this winter. and, they are starting to get where they need it, and, it has a rough road ahead of it to get any real scene, so farmers need to look at where they are and realize that this scenario plays out for the crop at 96 million acres comes in close to 164 or 165 bushels per acre. farmers have to realize though that that's if the good weather scenario plays out. >> what do you think we could go to? >> i think the downside is

under $4. the whole thing in europe, the fact that we are ahead of schedule and if we went along with a few ratings here and there and temperatures don't get out of control, i still think that 166 is doable, or higher. >> that's where are you appear that we are also talking about that the people in china grow a lot of corn. and thus demand is faster in the world.

>> brian doherty and stewart peterson and your drive from water street solutions are here. we were talking off camera and

you mentioned for dollar corn or maybe less this year, both of you were talking about that. and i asked a stupid question, what does it cost to be able to grow a bushel of corn? >> yes, we were talking about our discrepancy there. it depends on whether they are looking at the cost or breakeven but somewhere around $5 would be fair for the last year. >> so what does that do to the guys that have to sell? you can't sell up at $4, what should you do? how do you market to get that profit? >> well i would probably right now approached the option market a little more aggressively. i would probably put that at a $5... but talk to your lender and be prepared to meet your margin because of the corn goes up to $6.20, you could be exercising against short futures. that would give based on cost

reduction at $4.75 per bushel a good investment at 25%. that's a good place to be that these rain events continue to come through, we will continue to slide. i would go that route. >> another thing you can do, if we do rally up into your window, then you could do some scale up selling of the physical, or from this point you could have that be only. i don't see the economy getting stronger to the things rally. i only see whether coming in and lowering our yield. so maybe just sell it and buy calls if you need to. >> let's talk about week. one guy called me the other day and asked where people were getting a good week. so it depends on where you are at this point.

but do you think we will plan all of those beans? >> we were talking a little bit about week earlier. we don't know if the low is in today but technically the market will go lower here in the harvest. we had that big rally here couple of weeks ago and he blew everyone out with dryness in the former soviet union and i think that's all over now, but if they have moisture they will plan double crop beans. >> i think we have seen below. when we look up for potential, that has already been hindered this year. so we should be close to low from a more macro perspective if it's not already in place. >> the other thing i would add to that is, it doesn't trade as much fundamentals as it does

have one. so it ends sundown in europe, maybe the low is in, but if more troubles come, i could see it going into the lowe's. >> these lower we prices, it's not going to be better for the livestock producers? >> cheaper price is? >> yes, cheaper prices and more feed, and livestock producers will be a better situation. >> i'm trying to look at the upper side on this. >> while corn growers need a better market. and corn prices are cyclical. but when prices moved lower that's real opportunity for their demand base to grow and we have u!that trough of prices in the late 90's through the mid- two thousands when it

developed an ethanol industry and livestock expanded and was all positive things coming out of that. we saw three or four years of demand driven markets. but it's cyclical. it will come back. >> we see corn prices go down, let's see if they to 350 or 355. you might be looking at us the price of $4.50 or $5. just because we are talking lower price doesn't mean it

>> meteorologist mike hoffman. we'll check the latest drought monitor and reduce the parts about these florida and southeast georgia improve over the drought but you will notice parts in the extreme or exceptional drought. some areas didn't get quite as much rain as others despite the

tropical moisture from beryl that we saw. we are seeing pockets into the hills of missouri and parts of northern indiana, a few spots in iowa, and into the northern plains. dot as actually gotten worse over the past week or two. let's check thing about them on the jet stream. we see a trough starting in new england and this brought a batch of chili air into the parts of great lakes. and that is trying to warm up now in much of that area, but you will notice, it is caught back by a trough but it won't warm up nearly as much as it did over the holiday weekend except for the weekend.

we are kind of going into a different weather patterns overall, with a trough in the northwest, in the northeast and a rich in the middle that will go through the central plains states the way it looks. you will see a warm front from the low pressure system from my wyoming to the tennessee valley. there will be rain showers to the north of the ancillary system off the northeast coast. by wednesday we are still saying it offshore with scattered showers lingering in new england, i pressure built into the carolinas. the front stalling out across florida so we have bands from the southeast all the way up through the missouri valley, from mississippi westward, and scattered showers into the northwest as well. then friday, no big changes. you will see the warm air trapped across the plains states and those will be areas

of charts and thunderstorms with no showing up in some of the higher elevations of montana. country and coming up in the next hour we'll take a longer range outlook.

>> that dreary stream a bit disappointed news and investor and unrest at major stock exchanges around the world has investors looking for places that seem to offer returns. it turns out agriculture is becoming a prime target. this week, a nature grain and input supplier was acquired, a bold move doubled size of the firm placing it on equal footing with global giant cargo with about 40 million metric volume. but this is just the latest example of acquisition. from austria to russia to canada, big firms are getting even bigger and there is a

simple reason. there is gold in those hills of green. his corporate maneuvers have local consequences also. my own tiny elevator will soon ballooned into a major green terminal as a new joint venture between cardell and mitsubishi will expand its capacity from about 2 million to nearly 10 million bushels. the facility will toward greater mulcher pelleted dana indiana and market thousands of miles. it won't be operational until the fall at least, but it serves as proof of my role. if it's happening in my corner of the world is probably happening everywhere. when the globe shows up at your gate, it finally dawns on you how important our work is to how many people, and how enticing our profit potential is too hungry investors. let us know what you think. send e-mails to the mailbag at

us farm report.com or call and leave us a voicemail. coming up, springtime is cleanup time and it could make you money on the farm. stay with us, the second half of us farm report is coming right up. there's been a whole lot of talk lately about internet speeds...

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>> today on us farm report, the effort to rename the, high fructose corn syrup hits a wall. and who will care for animals? and if you parked your shins on a forgotten farm implementation in the weeds, maybe it's time for machinery recycling. >> hello and welcome to us farm report. as anyone who has struggled with an unwanted name or nickname does, trying to change it is almost always futile unless you move. one of my neighbors carried the names to keep to his obituary.

it was only then that many of us discovered his given name was oral. this precautionary tale for parents should have been a warning when they casually allowed a chemist to label high fructose corn syrup. agencies to believe that means held great power. it turns out that they were not just superstitious savages but marketing deed comic genius is ahead of their time. >> the government has decided sweetener made from corn will not be getting a new name. they have sought fda approval to rename it as corn and sugar on two quibbles. the group has been running commercials to explain that the syrup is a form of sugar and has the same national value as granular table sugar. but the fda says it has designed sugars as a solid, tried and crystal as food, not

a syrup. if you are at risk for osteoarthritis, add tart cherries to your diet. research conducted by oregon health and science university shows drinking tart cherry juice twice daily for three weeks led to significant reductions in important omission markers. osteoarthritis is the most common type of arthritis. new data shows a shortage of large animal vets remains an issue and it's not only farmers but are feeling the impact. a study shows that while the supply of veterinarians is growing, most of them want to take care of containing animals. in ohio on new and potentially effective tool is being developed in the fight against cancer. scientists are studying how the chemical released in the brain

with a positive experiences could be used to target tumors. >> for more than four years, sandra battled cancer and says beside her faith in god it was often the love for her works is that kept her going. >> it was huge. i want to walk to the barn or groom a force today. >> thanks in part to a lifelong love of animals and to a chemical known as dopamine. doctors have known that dopamine acts as a reward chemical in the brain. >> we find out that it is a very important role into this. >> does doctor and his team injected dopamine into tumors and noticed vast new webs of blood vessels taking shape. in cases like standards, that could be crucial. >> is not the blood flow to the

area where the cancer is the third is doing normal organ, and that was a big challenge. >> with new blood vessels created by the dopamine, the doctor was able to double the medicine that got into tumors which could make chemo and radiation treatments more effective and dopamine much more efficient. >> the most important thing is, dopamine costs $0.33. when you compare it with the drugs being used in the comics nowadays it's very expensive. >> it could someday prove to be invaluable to those who needed first. >> while initial experiments have focused on colon and prostate tumors, researchers say there is a reason to believe that dopamine could play a role in helping to treat several other types of cancer. we will post a link on our homepage for more information. if your child is headed to the national ffa convention this november you could be a major part

of fighting hunger. the idea is to have the blue jackets packaged hundreds of mails. as many as 10,000 as of eight members are expected to take part. half of the meals will be donated to minneapolis to say thank you to the city. the rally as part of the ffas beating the world initiative. is part of the same initiative, farmers feeding the world partnered with the howard gee buffett foundation to provide $2500 in grants to 140 chapters nationwide to fight hunger in their local communities. that's it for the news. meteorologist mike hoffman joins us now with the national forecast. after a very hot holiday weekend one week ago we have seen cooler air moved into the great lakes and northeast will continue to see things on the

poolside as we start the week. the jet stream that you can see, kind of a trough into the tennessee valley and into the northwest as well with the ridge poking its way into the western plains and eastern portions of the rockies. we will see some thunderstorms this time as well and, it looks to me like we will see that truck tried to linger in the east, the talk built into the west and the rich get squeezed into the central plains. scattered showers for the northern rockies and also through parts of the plains states especially along this jet stream and got stalled stalls out across florida, and we still see some scattered showers and thunderstorms. any use in the southeast is good news with the drought situation and we also see some lingering showers. the rich tries to its way, it

will be cool in the northeast and scattered thunderstorms and eastern parts and believe it or not some of the higher elevations of montana maybe begins to snow. let's go out to the week of june tenth through the 16th. we will go below normal for the carolinas and all the way through may. above normal from the mississippi river through most of the plains states, and and as far as precipitation goes, and this is the thing everyone is looking at at this point, but unfortunately we are going below normal back across texas and a lot of that area is very dry once again. not as bad as last year in many cases but nonetheless very dry and above normal for the pacific northwest. a lot of that area, a lot

of that northeastern corn belt started to dry out. and it will be slippery trying to get below normal for the northern great lakes and into the northeast. as far as precipitation over the next 30 days, above normal for the carolinas, along the eastern seaboaklklahoma and northwest in texas. >> up next, is a trash or treasure? spirit of the heartland is next.

>> with spring comes spring cleaning. but what if you could pick things up and make money while you're at it? as norm hyde with the virginia

bar farm bureau reports people can subscribe and old equipment into cold hard cash. >> cycling scrap metal is going for about $11 per 100 pounds. scrap copper is $3.30 per pound. the recycle is also a way for farmers to clean up their bonds and environment. eugene baer says there are a lot of old equipment laying around. >> there's old equipment, buildings that have fallen down because of the age for the storm, and most of these buildings have metal siding and metal roofs, and aluminum is more viable than see also their substantial money that's sitting in the way. >> is definitely the case on this farm. baker has used recycled

management in the past and likes the idea of cleaning up his property at the same time. >> everyday you find something that has to be thrown away, and right now the price of metal, it pays extra income on the farm, but they bring it to the farm. >> bakers can earn up to a thousand dollars. >> snakes love it, and the weeds grow around them. they take the weed eater and cut the weeds, so sometimes you are losing a quarter acre of ground. is a win for our business of course, a win for the environment and also a win for our customers. it is a farmer he can put that money back into his operation. >> in peach county virginia, i'm going to hide it.

>> environmental improvements will be an added bonus to your property if the materials you are recycling are being removed from an environmental area or other sensitive wetland. next week we will travel back to the days of cross- country travel on route 66. we will stop at this motel on spirit of the heartland. up next, baxter black takes us to a cowboy wedding.

>> weddings come in all shapes and sizes and prices these days, and when you live and

work on a ranch, actuals can get really interesting. baxter black takes it from here. >> there are two things a cowboy is afraid of. being stranded a foot and a decent woman. i went to a wedding where of had found a woman. this was not your normal walk down the aisle and kiss the bride kind of wedding. this was the merger of two ranching families complete with weak brain is made up barb wire and a fiddle playing here comes the bride. two days before the event they set up a tent up in the meadow. the bridesmaids looked beautiful in their long dresses but the groomsmen presented a different picture. putting a suit coat on some of those cowboys was like putting croutons on a cow pie. the sisters have made them all powder blue suit coats with

bandannas. weddings seem to make cowboys uncomfortable. this ellis looked like they were still hanging in the closet paralyzed. part of their condition could be attributed to the 48 hour bachelor party which preceded the knot tying. the groom was maneuvered around on wedding day like a nasa that walker. the priest got up and explain this was not a normal catholic wedding. he was wearing a sport shirt and jogging shoes. but it would be legal just the same. everyone got seated in this pretty little code compete with the lagoon in the background. it was like god had made this thought just for the wedding. it rained a little but no one cared. the bride looked lovely. she stood out like a penguin in an asphalt parking lot. the priestess said, who gives

this woman in matrimony? and dad replied, her mother and i and valley bank. and when the time came to kiss, the groom spit out his jew but the bride chose not to. the barbecue and dance followed and the place was a wreck when i left. and we played walking the dog which was fitting because billy's old dog caught the bouquet. this is baxter black from out there. when we come back, a trip to michigan contractor tales, plus our country church salute.

>> joe, al, what's up? that's what my grandson has been telling me to say. >> this model came off the line for five years and anyone had a price tag of around $1400. it's a favorite of today's collector. >> cross your fingers. this is one of my favorite tractors, with a four speed that steps up and step down. they are neat tractors. i thought distracted from my neighbor, and -- i bought this tractor from my neighbor. he does a lot of auctions and i bought it from him probably five years ago. this one doesn't get used too

much. it sits around, and possibly one of the kids or grandkids might want it later on, but i'd like to see it stay in the family. i like to keep it around. it's a very pretty tractor. you could hook something up to the front and back into the barn rather than put the tractor in reverse. it's probably taken best of show all the way down through third. >> does that come with a big check were just bragging rights? >> bragging rights and a trophy. >> don't forget, you can check out track details online. the segments can also be downloaded as podcasts from itunes. tonight's country church salute goes to the st. paul church and school and

chavarria ohio. they are celebrating 120 years of service after settling what is called darby plains, original members wanted their kids have access to a christian education and that's what st. paul's got its start. the church and schools share the same space until a separate church building was dedicated in 1922, and in 1964 the present structure was dedicated. the church has grown to 540 members. our thanks to harold burns for telling us about st. paul's. as always we want to learn about your home church salutes can be sent to the address on the screen. stay with us, mail bag is next.

>> time now for our weekly look inside the farm report mailbag. this is embarrassing. wayne martin points out a small flaw in my comments about ethanol and gas mileage. i cannot find corroborating evidence that any gasoline can reliably be found to contain no ethanol. can you tell me where you got your information? well, i based my answer on years of filling up at the same convenience store in my hometown where the pump clearly stated contains the tunnel beside the preview button, or at least it did. after your e-mail arrived, i checked, and to my surprise the

sign says, they contain ethanol. when i asked when this had changed, the attendant said, i don't know, five years ago? now how our earlier viewer made his mileage comparison, i don't know. i was simply based on a dusty memory. they increased the effort to increase the blend to a cup of tea and would require labeling and i stick by my prediction that that will present a problem for growing up market. oddly better fleet mileage may be another factor. a 5% drop at 15 miles per gallon looks trivial, but with the car getting 32, the difference of 2 miles per gallon looks larger. and of course all of the speculation also hinges on how much corn you can grow. as always, we want to hear from you. send comments to mailbag at farm report.com . thank you for watching us farm report. be sure to join us next week

when we work to do even better. local chefs in the national spotlight.see master chef contestants go head to head.. before the rest of baltimore...

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