Good morning I’m Tyne Morgan in for Clinton Griffiths. The slow-moving rains from Hurricane Isaac eased drought over areas of the south and Midwest, but escaped some regions that could use the quenching.
The latest U.S. drought monitor shows a two-category improvement in some areas of the cornbelt. But other places - like the Great Plains - are still struggling. The drought monitor reflects the ten inch rainfall in Louisiana and the soaking rain in much of the lower cornbelt. But overall the map shows the area of the United States in moderate drought or worse actually increased. In Nebraska, for example, the portion of Nebraska in exceptional drought jumped to 71% this week from 23% the previous week
While Hurricane Isaac soaked dry soils in parts of the Midwest, it also brought damaging winds and rains to the south. In this report provided by LSU AG Center, Tobie Blanchard shows us that even though damage has been done, it's not to the extent as many had expected.
Today's cropwatch will start in the cornbelt, but we'll also get a status check on potato harvest in Colorado.
Plus we'll see how things are progressing along the eastern seaboard. Mike Hoffman has those stops in cropwatch, mike.
A major commodities analytical firm anticipates the U.S. corn crop to be lower than original estimates, while pegging soybeans slightly higher.
Despite an economic roller-coaster ride in other parts of the world, machinery exports remain positive.
Meanwhile, equipment sales remain strong here at home despite the drought. Agco's North American General Manager told AgDay during the Farm Progress show that sales are holding steady with the company's original forecast for a record sales year. He says even though areas that rely heavily on livestock production are hurting economically and not purchasing a lot of equipment, the crop sector is still robust.
In agribusiness, Egypt made a large purchase of Black Sea origin wheat yesterday, spurring wheat commodities to spike higher. The purchase of 475 thousand Tonnes comes less than a week after Egypt bought 355 thousand Tonnes Saturday. This brings their total wheat purchases to 1.25 million Tonnes since August 1st. ProFarmer's Brian Grete told AgDay aggressive purchases of Black Sea wheat opens the door for more U.S. wheat demand down the road.
Meanwhile, the size of the U.S. corn crop has farmers concerned here at home. This is forcing them to make a vital decision as the grain comes out of the field-- store it or sell it. ProFarmer Managing Editor Brian Grete joins us from our Profarmer studios in Cedar Falls, Iowa to lay-it all out - in this week's profit briefing.
ITC VETS ON CALL:
When it comes to animal agriculture, large-animal Veterinarians are on the front-lines. And they are always ready to respond. It’s not necessarily the easiest career choice, but their work is vital to this country. That's why we've decided to help showcase some of these hard-working folks in a series of reports called "vets on call." We begin with Dr. Lindsey Peck. She's responsible for the herd health of her family's dairy farm in upstate New York. And as she'll tell us, she's passionate about protecting the stock. Thanks Lindsey for sharing your story. We'll be running "Vets On Call" webisodes on a regular basis on AgDay. Until then, you can also watch other "Vets On Call" videos on YouTube. The address is on your screen. We’d also like to mention that Pfizer Animal Health funded the Vets On Call series on YouTube.
In food and your family, keeping your health on track is a popular trend and it's showing in the number of people using an online tool.
If you are enjoying your morning cup of coffee, and want to be as sharp as a tack on this Friday, you may want to swap it out for green tea.