TODAY ON AGDAY
OCTOBER 1, 2012
GRAIN STOCKS REPORT:
Good morning I’m Tyne Morgan, in for Clinton Griffiths. While few surprises were expected from the quarterly grain stocks report, the USDA did manage to perplex analysts a bit and that's our top story on AgDay.
Our partners at ProFarmer analyzed the data. Brian Grete joins us from ProFarmer studios, Brian.
FINAL WHEAT NUMBERS:
USDA reports 2012 U.S. wheat production was just under 2.3 (2.269) billion bushels, up 13% from a year ago. The average yield was 46.3 bushels per acre, nearly three bushels better than last year. All winter wheat came in at 1.6 billion, less than what was expected, but 10% higher than a year ago.
The drought of 2012 has significantly cut corn and soybean production this season, but the effects may linger into 2013. Supplies of seed nationally will be tight for the second year in a row. AgDay's Michelle Rook talked to a cross section of the industry to determine seed availability and how that is impacting pricing.
Some surprising yields in New York and cotton is progressing in Georgia.
Cindi Clawson has details.