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AgDay Daily Recap -November 9, 2012

November 9, 2012
 
 

TODAY ON AGDAY
NOVEMBER 9, 2012

EXPORTS:

Good morning I’m Clinton Griffiths. The U.S. Trade deficit declines to its lowest level in two years, thanks in large part to exports of American soybeans.

NAFB:

When Congress returns to work next week, the paramount issue for lawmakers will be to address the so-called "fiscal cliff" this country is facing. A series of fiscal issues coverage on December 31 which could have a dramatic and negative effect on the economy if congress does not address them.

FARM BILL:

Avoiding the fiscal cliff isn't the only thing on the lame duck docket. There's the Farm Bill left to finish. House AG Committee ranking member Collin Peterson is urging republican leaders to bring the bill to the floor for a vote next week.

DROUGHT MONITOR:

The importance of a Farm Bill may continue to grow if it doesn't rain or snow this winter.
This is the latest drought monitor. It shows that 60% of the entire lower 48 are still experiencing some degree of drought. That's basically even with what it was last week. In Kansas, the nation's top winter wheat state, 83% is in extreme or exceptional drought. And in Oklahoma, three quarters of that state are in the two worst categories.

CROP WATCH:

Drought and dry weather are starting to pop up again in cropwatch. With a look at conditions around the country, here's AgDay Meteorologist Mike Hoffman.

DEAN FOODS:

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