TODAY ON AGDAY
DECEMBER 12, 2012
Good morning I’m Clinton Griffiths. Dramatic efforts to improve the travel conditions on the drought impacted Mississippi River could begin sooner than expected.
The AG department released its latest supply-demand figures. And there were no significant changes. Here are the numbers. In South America - USDA trimmed Argentina’s corn production estimate 27-and-a-half million metric tons. Those cuts are based on delayed planting. In Brazil - soybean and corn production estimates were un-touched. As always - our reporting partners at ProFarmer newsletter have been pouring thru the data. Managing Editor Brian Grete joins us from the ProFarmer studios for his take on Tuesday’s report.
USDA decreased the size of this year’s cotton crop by 1%. The AG Department is projecting 17.3 million bales. While down from last month, it's up 11% from last year. Yield is also up slightly.
Seed supply has been a concern since the drought set in last summer. The dry weather and high heat threatened the quality and yield. Biodiagnostics, a company that tests seed, says it's seeing high quality in corn seed. The issue, however, has been in the soybean crop. She says germination has been decent; it's the genetic and trait purity of the seed that's poor.
The drought's impacting more than just seed quality. It's creating a dreary picture for this year's wheat crop. Mike Hoffman has the details in cropwatch. Good morning, Mike.