Mike Pearson says a lot of things are happening the markets for various reason. But nothing matters more in the markets than the weather in farming.
Pearson talks with Greg Soulje about what he is watching as the summer months are starting to get close.
Soulje says a wet and cool pattern will move markets in Mid-May. It will impact the sugar beets growing region, Corn Belt and the Ohio Valley region.
Just as the "neutral state" is in the atmosphere, meaning El Nino and La Nina have moved out, the cool and wet weather will continue to impact Ohio Valley and south.
In early June, an active weather pattern will hit and flooding and planting delays will hit the northern tier of the country including Ohio.
Then in the rest of June, El Nino develops and it will be hot and dry in the west, central and southern parts of the USA.
Next up on the show was Ted Seifried, Chief Market Strategist for Zanep Ag Hedge, as he talked about the recent soybean rally. He added that the U.S. Dollar is making the country quite competitive for export sales to any country except China.
He expects more exports in June, July and August than originally anticipated. He also said this is a high risk climate for everyone at this time.
Soulje is in with a weather forecast for the week.
Next up is Jason Gibson, Market Development Specialist for Corteva, talking about crop protection. He says it may take effective modes of action to reduce resistance for some producers. This means taking the effective modes of action from different modes and placing them in a tank mix or pre-mix to enhance or reduce resistance. By using the active ingredients of what is working gives research and development more time to develop new products.
Pearson also talked with Jonathan Martin, Director Economics and Market Analytics for the Clean Fuels Alliance America. He says there is definite uncertainty in the clean fuels market. He says one thing that is still causing uncertainty is the switch from tax credits to the 45Z Program because it's not clear how it works. He says one that is clear is there is enough feedstocks produced in the USA to increase production in biofuels.
Greg is back with an extended weather outlook.
Pearson also talked with Curt Arens, Senior Editor for Nebraska Farmer, about the first corn field planted-- at Husker Harvest Days. The field is planted and the hope is that the corn is ready in time for the show in the first week of September.
Arens also gave an update on the planting progress in the state of Nebraska. He said he was in Lincoln earlier this week and quite a bit of the corn fields were planted. In the northeast portion of the state, progress is not moving yet. He says it's usually a couple of weeks behind. However, he expects that as soon as Easter is over and conditions are fit, planters will be rolling across the state.
There's a 1929 CAT 15 in Max's Tractor Shed. The tractor is owned by the Christenbury Family form Liberty, North Carolina. There were 7,500 of them between 1929-1932 and were originally gray in color. Max also explains how CAT is 100 years old this week.
Mark Stock shares the lineup for BigIron Auctions.
Mike Pearson talks with the FFA tribute this week and it goes to Gus Mushinski, Texas FFA State Vice President.
Mushinski is from right outside Houston, Texas and got his start in the FFA Program through his aunt who is an ag science teacher "and the rest is history."
He grew up with no production ag experience but his family does raise performance horses mainly for the rodeo use.
Mushinski has been part of the 4 Leaders Scholars Program and worked to bridge the gap between agriculture and those not involved in it.
He is now a student at Texas A&M University and plans to study law. He wants to work to protect those involve in agriculture from urban sprawl.
The weekly FFA Chapter Tribute is an opportunity to shine a spotlight on the good work of your local chapter. Tell us about what you're doing, give us some history from your group and tell our viewers of the work you do in the community. FFA chapters across the country deserve recognition for the work they do, make sure we include yours.
To have your chapter considered for this weekly feature, send along information about your group by e-mail to Max Armstrong at max@agbizweek.com. They'll get your group on the list of those that will be covered in the future. It's a chance to share your story beyond the local community.
The National FFA Organization, formerly known as Future Farmers of America, is a national youth organization of about 650,000 student members as part of 7,757 local FFA chapters. The National FFA Organization remains committed to the individual student, providing a path to achievement in premier leadership, personal growth and career success through agricultural education. For more, visit the National FFA Organization online www.ffa.org, on Facebook at facebook.com/nationalffa, on Twitter at twitter.com/nationalffa.
In the ag tech segment, Chad Colby takes a look at strip tillage. He says more strip till rigs are showing up across Illinois. He says there are challenges with the technology including the investment costs, the limitation to soil types, managing residue and it can be super weather sensitive.
However, there are substantial benefits including nutrient placement right near the seed bed, erosion control and a warm seed bed.
In the final segment, Pearson talks with Frank Wong, Director of Stakeholder Relations, for Bayer Crop Science. He talks about how pollinator stewardship is so important because pollinators work constantly to keep millions of plants blooming and producing. He urges farmers to work with local bee keepers and track bee hive colonies to keep them away from pesticides. He also talks about observing the pesticide label and follow the application requirements. It's vital to pay attention to the temperature and wind speed. He also urgers producers to know the limits and use them to guide the product use. He ads the Monarch Butterfly increased over the winter in the southern hemisphere which shows paying attention to pesticide labels and application.
This Week in Agribusiness features market news, ag technology, weather and farm management and equipment information and opinions. This leading ag news program airs weekly on RFD-TV, and can be found each week on FarmProgress.com.