TODAY ON AGDAY
NOVEMBER 12, 2012
Good morning I’m Clinton Griffiths. The AG department says we grew a little bit more this year and we'll have a little more left over.
On the supply-demand tables, U.S. corn ending stocks sit at 647 million bushels, an increase of 28 million bushels from October’s estimate. Soybean ending stocks are also up slightly - 10 million bushels - to 140 million. USDA increased U.S. wheat ending stocks by 50 million bushels.
For expert analysis of Friday’s report, we turn to pro farmer Senior Market Analyst Brian Grete. He joins us from the Profarmer studios in Iowa, Brian.
USDA also upped its production forecast for this year’s cotton crop. The agency expects 17.4 million bales, up 1% from last month. It's a 12% bump from last year’s dismal crop. Bale yields are also higher.
Farmers from the plains to the Pacific Northwest could use a big dose of moisture. Meteorologist Mike Hoffman has details in cropwatch.
In today's machinery minute, we return to the World Dairy Expo where the Lay-Lee company was demonstrating Juno. This modern day R2-D2 is a robotic feed pusher for America’s dairy barns. The robot makes a pass every hour or so, pushing feed back in front of its herd of hungry cows. As cows eat, the closer Juno pushes what’s left against the rail. It keeps a constant supply in front of the herd, allowing the farmer time to do other things.