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AgDay Daily Recap -November 12, 2012

November 12, 2012
 
 

TODAY ON AGDAY
NOVEMBER 12, 2012

PRODUCTION UPDATE:

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.

SUPPLY DEMAND:

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.

PROFARMER:

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.

COTTON PRODUCTION:
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.

CROP WATCH:

Farmers from the plains to the Pacific Northwest could use a big dose of moisture. Meteorologist Mike Hoffman has details in cropwatch.

MACHINERY MINUTE:

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.

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