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AgDay Daily Recap -December 12, 2012

December 12, 2012
 
 

TODAY ON AGDAY
DECEMBER 12, 2012

RIVER UPDATE:

Good morning I’m Clinton Griffiths. Dramatic efforts to improve the travel conditions on the drought impacted Mississippi River could begin sooner than expected.

S&D REPORT:

The AG department released its latest supply-demand figures. And there were no significant changes. Here are the numbers. In South America - USDA trimmed Argentina’s corn production estimate 27-and-a-half million metric tons. Those cuts are based on delayed planting. In Brazil - soybean and corn production estimates were un-touched. As always - our reporting partners at ProFarmer newsletter have been pouring thru the data. Managing Editor Brian Grete joins us from the ProFarmer studios for his take on Tuesday’s report.

COTTON PRODUCTION:

USDA decreased the size of this year’s cotton crop by 1%. The AG Department is projecting 17.3 million bales. While down from last month, it's up 11% from last year. Yield is also up slightly.

SOYBEAN QUALITY:

Seed supply has been a concern since the drought set in last summer. The dry weather and high heat threatened the quality and yield. Biodiagnostics, a company that tests seed, says it's seeing high quality in corn seed. The issue, however, has been in the soybean crop. She says germination has been decent; it's the genetic and trait purity of the seed that's poor.

CROP WATCH:

The drought's impacting more than just seed quality. It's creating a dreary picture for this year's wheat crop. Mike Hoffman has the details in cropwatch. Good morning, Mike.

TRACTOR SALES:

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