today on u-s farm report... everbody talks about the weather, and it looks like they going to keep talking talking about it the usda adds up the inventory and acres and the market reacts and don't even ask about crop condition ratings headlines: da reports llo and da ptsort, i'mhn phipps today on us farm report. everyone talks about the weather and it looks like they will keep talking about it. the usda at that date inventory and acres and market reacts. and don't even ask about crop condition ratings. hello and welcome to us farm report. much of the hype over the reports has been allowed and become abundantly clear that we have bigger issues facing us. we will have those numbers shortly but clearly we will be talking about whether for the

disabled future. i've already alerted my colleagues here to edit my writing carefully and brace for unusual behaviors. i also know this drought will confiscate all the other processes going on in ever culture from a farm bill debate to efforts to connect with consumers on a variety of issues. just because our work got a little bit harder doesn't mean we can't get it done. >> the much-anticipated inventory and acreage reports were mostly a mind with analyst expectations. starting with acres, soybean plantings were up 2 million acres although most are already fading double crop acres due to poor planting conditions. corn acres were increased and that may have been the biggest surprise of plantings dropping below all estimates of 12.6 million acres. we came in at 56 million acres up slightly from the previous number and at the low end of

market expectations. as for the stocks, usda confirmed monday with what corn virus suspected the lowest june stocks number since 1998, just over 3 billion bushels. soy stocks were nudged higher but remained tied at 167 bushels and wheat was in the main range as well. the markets were trading during the release of the initial response was bullish across the board. the drop monitor continues to paint a scary picture across the west. the us drought monitor shows more than 31% of arkansas is now under extreme drought. last week were than 1% of the state was under that category. the amount of that state considered to be in severe or extreme drought or than doubled in just one week. and as the drought continues to creep up, corn conditions continue to plunge. according to the latest crop

conditions report, nationwide corn has dropped seven more percentage points from last week. currently only 11% of the us corn crop is rated excellent while 45% is good. another 30% is fair. alpaugh spoke to one partner in southern indiana whose corn crop was ahead about conditions are still severely dry. >> in our part of the state everyone got extremely started early this spring. then you get mid- 90's and 100- degree temperatures especially when there's no moisture in the ground. >> most of indiana is under extreme or severe drought. the. >> between low pointers are being sold through case ih

dealerships. the planters will be sold under the case brand beginning in 2013. producers are increasing plan population by staggering seats. >> crop watch from last week. a farmers of this current photo of one of his fields. it was pointed with perfect conditions and yet now he expects it will be less than 50 bushels per acre. now they have temperatures above the century mark. people fail to report tall corn this week. crop producers in rhode island said potatoes are in bloom. most of the crop is in good or

excellent condition. when we return, al talks over the markets with logan and florez. ♪

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[ male announcer ] a moment of silence for the internet as we know it. a revolution in internet speed is here. more than twice as fast as anything america has ever seen. introducing fios quantum. call the verizon center for customers with disabilities at 800-974-6006 tty/v. >> roundtable guests today, we have mike florez from forest trading, trading and mike peterson. i'll start with you first. the report that came out on friday morning, everyone thought it would be critical. how was it? >> i thought it was. >> well, it came out was not very many surprises i would guess. so it got looked over quickly in the weather is the most important thing end up it went. and that money keeps flowing

into the market. i think that's the direction we will still go. >> your comments about the report and whatever he said. >> yes, i think the most important thing about the report is it isn't the most important because there weren't any surprises. when you look at it it does come down to the weather. right now we are seeing some brain but overall it's still warm and dry. it's been well over a month for most of the corn belt where they receive substantial rain and we are starting to get into some pollination periods. over the next few weeks it will be critical to the punch moisture in the crowd to get those crops off to a start. it could be even more explosive. >> i've talked two several marketers and before you guys came and we were talking about this. usually we have reports and i

haven't heard anyone that disagreed with the report. they just sort of pushed it aside and went to the weather. >> that's because the big argument was all crop stocks. it's not an issue anymore. it's much less important than it once was. but government i think could almost continually say their stocks were bigger than they really were. but now it's all weather and new crop. >> so you were saying that the mind influence into the traders were looking past whatever the government says, and if it was supposed to be a different story? >> while i would say, probably even the bigger picture, nothing has disappeared off the stock report. i think that's one of the key is why people were not questioning this one as much. i think i verify that most

people believe what they saw. >> this kind of the summary report. >> so that's another usda report but it won't be as critical as this one or at least no one thinks it is. >> yes, the most critical reports will be out each day. you have the tenth of the month reports and in the fall you will get -- around the tenth of september yucatan stock update. that will be probably the weather reports and a private yield estimates. >> what should a producer do based on information in order to take advantage? what should we be doing? >> i think the crop is getting smaller and not bigger.

and i think it's very premature to do anything. both in the duration of price and also in time. >> yes, that's a lot further at this point in time. >> it feels different in the past few years and this is being led by a supply issue. we have had years like this where all of a sudden the rains start, temperatures moderate and then we have a corn crop of 180 on the farm. this weather stays here and no doubt we go higher. we start questioning the price, and games are kind of dead in water with their margins. those are not good signs.

we did see some news out of europe and i think overall you want to get active and that's what account is for in this case. you can take the risk about the price on the crop and get some downside coverage we will be b farm report in just a moment.

>> our roundtable guests this week, mike florez and stewart peterson and we were talking off camera about issues that we don't know about at this point that could change the way we think about the market. and there has to be more than one or two issues. we used to talk about the funds. you might have missed one. so what other issue out

there should we be watching? >> the only one right now is the weather. that's the driving force and i think those greens are insulated from things like europe and we have their own stronger issue. it will matter less what europe is doing or some other outside forces. it can have its own little market regardless of what's going on in the rest of the world. >> now you were talking about that weather, and we worry about the supply, what other issues should we be worried about. >> well i think they put together a nice package today. recent lows in corn and bean markets will probably hold up until the situations changes.

there is that fiscal black and we are pushing up on that. we have the same gusto over the summer and if you remember that probably took the high off the court and a score for a couple months until i was figured out. certainly china is another issue we have to be aware of and the emerging countries in general. they are growing but about half the pace of what they were. so that's the upswing. >> popout south american production? they will be planning and coming along and what prices the way they are right now, it seems to be that we plant more acres. >> it seems like we have that

issue every year. i guess we are trading the markets in shorter time windows all the time. so if you are interested in hedging, you have to have everything to hedge no. i don't think you can look at it and today i'm afraid of europe, or production coming out of south america, the market will tell you technically or momentum wise, it's over. and it's just not flashing that yet, so i can't worry about those other issues. it's so strong, you have to look just towards that. >> well, and i know that has changed, how does that change for the producer? >> while the way it happens at the roundtable, these

conversations are almost nonexistent inside her office. what it comes down to its mass and a bunch of calculators. and we use tools every day whether it's edging or cash sales or combination. and hopefully they look fairly decent and a lot of scenarios. and, that's the most important change that we've had to make and what does the same price with regardless of all the difference because anything could happen at any time. >> well you have to look at what's ready and take advantage of a price move and let it go by. >> we just have a different approach of the market, i'm just interested and what the

positions are. >> but i'm not concerned about making a profit. i'm just speculating so i'm just trying to make the next $0.10 and that's what i'm interested in. so my focus on the market is different. right now we

>> the relative star of our show today is meteorologist mike hawkman. obviously this story is about the drought and outlook coming up. >> that's right. there is always some part of the country and a drought. it's starting to remind a lot of folks of 1988, and we are starting to get some of that bright red or extreme drought in two parts of northeast

indiana. from evansville through the south part of indiana. and look at all the red out west. it continues to be very dry in a big chunk are growing region. the best areas are in the northern plains states across the great lakes and northeast where most of those areas have had ample amounts of rain as much as florida and southern georgia. here's the jet stream as we head into this week. what we are looking at is the rich thing over the midwest. it does occasionally come east with some heat and we see a truck coming through. another trough trying to type through as we head into next weekend but as you can see with the jet streams as far north is tough to get any organized systems further south in the northern plains, great lakes and northeast. there are no lines there from mexico all the way through south dakota. you don't see that often but that will keep it being hit and

miss and that's the best we can do south of this frontal system. let's start day by day. a little area of low pressure for the dakotas, that will cause some scattered showers and thunderstorms mainly north of the front. those can be complexes which can give some deals nicely but unfortunately it will not be widespread. it will be hit and miss this afternoon. four wednesday we will see that persisted them into the great lakes with chance of showers and thunderstorms there. again, the best chance for any organized areas of showers and thunderstorms will be the case on friday as well. as you can see there, hit and miss and very hot thunderstorms north of that. we will check the longer range forecast in our next half-hour.

a new poll about the public perception of global warming both encouraged and dismayed me. agreement of the statement, there is solid evidence of climate change has risen from about half a million americans to two thirds. it was not due to increased evidence from new studies or efforts by climatologists to educate the public. in fact, reliance on the advice from the scientific community contributed less to public opinion than ever. what shifted minds and hearts was simply that, it's hot. after the warmest 12 month period of time ever recorded, global warming does not seem quite so far-fetched. baby i should just be satisfied with the ratings and let it go but the more we continue to consider science, an interesting but minor factor for such public decisions, the more often we can expect

really bad policy to result. it appears that, despite the own a mac old saying, anyone can have their old fax. this may seem like democracy in action but it has a big drawbacks for farmers. when you consider the expert consensus on climate change is greater than the site consensus on that, keep tonight on the referendum in california on gml labeling. sound science is not just when experts agree with me. let us know what you think. send e-mails to mailbag at us farm report to you, or call and leave us a voicemail. stay with us. the second half of us farm report is coming up. nat nat nnt

natfrom the stage to theaters. win tickets to an advanced screening of katy i've been living with hearing loss for more than 50 years. me and my sister have been wearing hearing aids for most of our lives. but it's not a solution for everyone with hearing loss. i suffered hearing loss while serving my country as an army specialist in iraq. the damage i suffered in combat is making it even harder to fit back in as a civilian. when i was growing up, understanding my teachers was really difficult. i started to lose my hearing in college. social situations became awkward. it was hard for me to tell my friends about my hearing loss. 50 million people in this country have hearing loss.

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>> tomato growers are concerned with possible pumping as mexican imports flood the market. and you knew it was coming,  farmers go viral on social media. >> hello and welcome to us farm report. i'm john picks. game looks different than it used two. being on the front page of the newspaper means a lot less when you realize how many people don't read newspapers nowadays. do we have a story of what it means to find sudden pain in today's media, even with these new avenues in the public spotlight, i suspect many will find that even witty moments of celebrity status is more than they expect.

just being a facing the crowd isn't so bad, especially on high-definition tv. >> as the supreme court wraps up business for the summer, a ruling handed down this week could impact of labor in arizona. this could directly affect the state's dairy farm as immigrant workers will account for a considerable amount about. a law allows police officers to pull over. the immigration law was passed in that state back in 2010. the obama administration sued arizona calling the law unconstitutional and he was sent to the supreme court. the court upheld section two b to check immigration status. they have to check immigration status before being able to hold or deport anyone suspected of being in the

country illegally. tomato growers in florida say they are hurting from cheaper tomatoes shipped in from mexico. growers want a new trade agreement with mexico. mexico sells or dumps their tomatoes are below market prices. guards stand owner robert bowley is worried they will soon lose all of their american growers and suppliers in mexican competition. >> is a shame that we let other countries destroy our food production. no tariffs, and there ought to be some kind of rule. if you come in there has to be a minimum tax of each bushel or each box to make the product up to the standards. >> he says he thinks tomato growers will go out of business due to what he sees as unfair competition from mexico. >> we are ending is on a much

lighter note. the kansas brothers have made a name for themselves this week. they posted a video to youtube called, i'm farming and i grow it, a purity to the song i'm sexy and i know it. in case you haven't seen it, here's a little taste. >> the oldest brother, greg peterson, is a gag journalism major at kansas state. in less than one week the video has more than 1 million hits. to see the full video, go to youtube.

>> that's pretty impressive. >> while that's not what i would describe it as, but to be fair i'm not into social media. >> we now have a facebook page, and if you are lucky i need to let you post a couple of things. >> we will start our marketing segment early by having the weather with meteorologist mike hoffman. much of the middle of the country obviously in the middle of a heat wave. into the rockies is where the highest heat has been basically with pieces of that coming eastward. at least as they start the week, slightly cooler into the eastern great lakes that we are still talking fairly warm south of this area of showers and thunderstorms. these will be scattered areas of showers and thunderstorms along the jet stream and into

the mid-atlantic the way it looks. also south florida, on monday we will see those hit and miss variety and thunderstorms in the poor corner regions which is obviously good news for some of you folks, but it will be hit and miss every single day. a little bit of the top still lingering in the northeast, but the fourth of july may turn on again. scatter charts and thunderstorms from south dakota through the mid-atlantic and these are again an afternoon gray pop-up ñ is from the. we start to continue this coming day into the following week. >> and the cool weather continues into the pacific northwest and we continue to see the focus is a frontal system, scattered

showers and thunderstorms of the hit and miss variety. a longer range than obviously above normal temperatures. for most of the great lakes, plains states and back to the west and also parts of the southeast. precipitation next week then and this takes us permeate through the 14th of july. below normal on into the northeast. then the southeast and parts of the four corners region. i do cut the showers down in the northeast, but below normal for the central and southern plains. and this is one of those situations where the drought had that perpetuates itself. >> yes, and it's hard to predict the end to a drought because you get locked into

that precipitation pattern. >> they will probably start to drop southward, but we will see. >> thank you. spirit of the heartland is next. fellow farmers

are quite committed to a certain color of farm equipment. >> many of my fellow farmers are quite committed to a certain color of farm equipment. so what happens when your last name is case? is there any doubt what equipment you run? it also turns out that the family room to read her for it. we get the information from the smith. >> case ih has a reputation for

building quality tractors. what you texans don't realize is the link between the two. the international tractor and implement company may have its roots in wisconsin but it's texas ties are strong. just ask pete case of el dorado. he's a direct ascent of those who founded this company a century ago. they cultivate land originally purchased by his great- grandfather in the 1890's. >> as far as i know i'm operating some of the last way and that's left as far as land holdings, and i found that all my life as far as growing up and everything and i understood where i came from. >> the company recently had an event and a small camera crew was there to catch peter in action on his ranch. >> we are pleased that they are

using case equipment and we are proud as peter and his family are part of the legacy that jerome case started in 1842. >> these occurs were weaned in october. >> moving hay, beating cows and other work are a common sight on the ranch. he and his wife and daughter raise top-quality herford breeding stock. although massive in size, most of the bulls are tame and look like in luxury. >> his dad was a very active participant here on the ranch, so it's exciting to have those kind of people in your membership. >> be attributes his success to his family. they do a good job of selecting the genetics and build a really outstanding heard here. i'm a lucky guy in the family. >> this is one that pete is committed to carry on. >> if we do, go through the

spells that we are going for now, it's a great place to be. >> as far as pete is concerned, his tractor is a good match with a red cattle. >> read is kind of my favorite color. >> according to case ih website, jerome established are receiving pressure works in racing wisconsin in 1932. if you happen to see a group of kids applying paint to a horse, you might think that there is a mischief under way. but in this case it's a science project. find out next week. when we come back, our biweekly visit from baxter ace yourself.

they are the cowboy equivalent to the infamous fruit cake...a flexible pas >> they are the cowboys to want to get into this fruitcake. a flexible pit, pastry that does more than bill and. baxter black joins us now with a trade with multiple benefits. >> every christmas, regular as an insulin shot, we received one of my favorite annual gifts. 16 square feet of these cookies. i've never asked about the cooking directions although they i've tried to duplicate

the recipe. i assume she uses a cement mixer and pours the sticky dough on the driveway and once they parted, it can be lifted like a sheet of plywood and allowed to age like fine wine, silage or chinese thousand -year-old eggs. then there is a flat black lumber behind the shop under a blue plastic tarp. time goes by. it's a secret how long the dough is allowed to compress, but i as a newspaper stuck to the bottom with president nixon's picture. i saw the initials because b carved into one, i guess it was buffalo bill. of course it's not always wise to examine the process. the result is addictive, the luscious, chile and long- lasting prospered delicacy that you can carry in your back

pocket like a wallet. in addition to lasting longer than jerky, plastic bottles in a landfill or 7% iodine on your fingers, it can be molded into decorative or punctual sheets to change your welding table, resold your shoes or patch api. they have done across the state with strom thurmond, climbed to the north pole and used as a heat shield on apollo 13. so you can see why i wait every year for mine to arrive. they are the cowboys alternate tool. you can sharpen your knife, pad your tail, shoe your voice and you can need them. my favorite frederick rivington painting features cowboys holding the all-purpose back aloft as the saluting.

this is baxter black from out there. >> baxter joins us again in two weeks. until then check out his work online at baxter thank you for calling your ged pep ta,k center. all right. now, are you ready for your ged pep talk? being nervous is ok. it just shows that you're serious about getting your diploma. all right. listen, we all need

a little nudge sometimes. i don't function without coffee in the morning. but it is gonna take more than a double moccachino to help you here. a lot of things are scary. heck, i'm scared of clowns. no quiero oír, "danny, no lo puedo hacer." quiero oír, "danny, lo voy a hacer." dmc, liking your pep talk style. just keeping it real, debs. just keeping it real. aah! aah! "i'm gonna get my ged!" come on! get your ged! hey, hey. can you keep it down, brother? thanks. announcer: whatever motivation you need, we've got a pep talk for you. get your ged pep talk and find free classes at yourged.org. a tractor from

the evergreen state?" that's right john. this week's tractor comes to >> al rejoins us now and we have a tractor tale from washington state does .-full- stop husband and wife. they both have fond memories of growing up on working farms in missouri but this is closer to home for her. >> this is a 1951 bar mall

zippered seca. that was made in the avon allen area. primarily because i grew up farming back in missouri with horses and then we went into and out of some old minneapolis bully molina and then i had a john deere 51 b and a 1947 john deere so it seemed only appropriate that we get a farm also did it the john deere started if we needed two. >> i remember my dad using it and fixing it when it broke down and using it some more. they had a little trouble because i kept asking about the bails. >> we used it mostly for cleanup. it had a bucket on the front and it wouldn't start so we had quite a few things that were

taken care of to start with. it's very presentable and it's a nice sized tractor and we enjoy it. the family and grandkids, they all seemed to be very impressive at this time and hopefully we can let them live a little bit of the past. i can't imagine anyone enjoying it more than we do. hopefully it will be a memory for them. >> join us next week as we head back to washington to hear how one collector found what he was looking for in an unusual place. >> do come to our tractor show and he had a sign on the back of his back and he had his tractor listed and he was selling it. and that was the tractor i was

looking for. >> you can find more on us farm report.com or also facebook. today's country church salute goes to beaver united methodist church in liberty center, indiana. in the late 18 hundreds a settlement sprung up across a rail line on the northeast of indiana. it needed a name for the community and a train stop. one of the construction crews suggested that he use his name. apparently there was no better idea so that's what they use. then they needed $700 towards the church building fund and by june in 1887 construction was underway. one year later services began in their brand-new building. thanks to ken hoffman for sharing your story. as always we want to hear about your home church the loop can b

address on the screen. stay tuned, mailbag is next. asasasasasasasasasasasasasasasas time now for our

weekly look inside the farm report mailbag... the next few weeks will likely >> it's time now for a weekly look inside the old farm report mailbag. the next few weeks will likely embed indelible memories of what golf can be like. brady monahan shares 1 i never heard. as the populations were declining due to a lack of them being able to wet their breast feathers to dampen the shells of the eggs to induce hatching. all of those examples of our examples of how extreme weather will cause problems for all of us. during the oppressive heat and lack of rain, a powerful natural defense mechanism will take charge for all forms of life caught in its grip, even

people. notice how partners are starting to recite dates as if they were excellent vintages or scripture references. 76, 80, 83 and the legendary 33 and 36. 2012 may take its place with the best or worst of these infamous years. my memories lead me to offer one suggestion. take the stress seriously. be careful of your alcohol intake and be on guard for unexpected emotional behaviors. above all i think you will find that competing in apocalyptic forecasting won't help much. as they say will leave a scar. this will bring us through those earlier trials. as always we want to hear from you. send comments to us farm report..com or leave us a

voicemail. i am john is saying, thank you for watching us farm report. be sure to join us next week nat nat nnt natfrom the stage to theaters. win tickets to an advanced screening of katy did you know kids who play outdoors have healthier lungs?

totally. i did. did you know that boys that play with dolls make better husbands? my son has lots of dolls. but did you know terry cloth diapers breathe better? i did. oh, yeah, yeah. did you know that strollers have the right of way on a sidewalk? yes. yup, i did. did you guys know-- did you know that kids who eat breakfast have higher gpas? yeah, i know. yeah. that's actually what i was going to say. did you know babies should never touch silver? it's really bad for them. i knew that. did you guys know that statistically friendly kids have more friends? mm-hmm. that's obvious. did you know most people think they're using the right car seat for their kid, but they're not? announcer: parents who really know it all know for sure that their child is in the right seat at the right age and size. visit safercar.gov/therightseat to make sure your child is protected. i'm putting that on my blog. i just put it in mine.