i'm john fipps. the much anticipated august crop report was released this week and either market players are anticipated it accurately or we were all completely confused because the price action wasn't as furious as most of us expected. we will have our experts sort it out later. in what is becoming standard procedure problematic weather earlier in the season seems to be overcome by great effort and technology. the remaining risk is largely one of late planted crops racing the first frost. having driven around the midwest recently i have seen good crops and not so good but none that seem to be at the right staying for mid-august. my guess is farmers are not going to be great company for the next six weeks or. so let's get started with the news now and al . >> thank you, and good morning everyone. it appears farmers in the cool belt have overcome the cool july and foggy spring that threatened the crop. the usda released their august crop production this week. they expect farmer also produce a 3.2 of s