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AgDay Daily Recap -October 8, 2012

October 8, 2012
 
 

TODAY ON AGDAY
OCTOBER 8, 2012

INFORMA GUESS:

Good morning I’m Clinton Griffiths. As USDA prepares to release its October grain reports, private firms have upped the forecast of the crop size.

SOYBEANS:

The analytical firms have also increased the size of the soybean crop.

CHINA CORN:

Despite some weather and pest challenges, it appears China may have a big corn crop this year. That's the forecast from the U.S. Grains Council which just concluded its annual tour of China's corn harvest. AgDay analyst Andy Shissler from Roach AG Marketing also just returned from China on his own tour. Shissler's a regular visitor over there. His take on the crop differs from USGC.

RFS:
Meanwhile there's new ammunition this morning in the argument over ethanol mandates and impact on U.S. corn prices. And it supports the pro-ethanol crowd.

WORLD DAIRY EXPO:

Last week the World Dairy Expo wrapped up in Madison Wisconsin. Farmers, companies and exhibitors from around the U.S. and across the world showed up to what's become the premiere gathering of the dairy industry. I spent time at the expo last week and saw a dynamic view of a growing and changing business.

CROP WATCH:

It may be fall, but some producers are knee deep in snow. Mike Hoffman joins us from the AgDay weather center with details in this morning's cropwatch.

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