TODAY ON AGDAY
OCTOBER 26, 2012
Good morning I’m Al Pell in for Clinton Griffiths. There's been a slight improvement in ground moisture, but it appears the drought of 2012 has no interest in letting-go of its strangle-hold.
Despite a host of weather challenges for the Texas cotton crop this year, it appears farmers could wind-up with a crop above the ten year average. That’s according to analysis from Texas Agri-life extension. The crop faced drought, record-heat, an early freeze and the failure of many dry land fields, but the irrigated crop looks strong. One economist says much of the crop-under-pivot is hitting two bales per acre. Some are even higher. Statewide, the USDA predicts the 2012 cotton crop to total just under six million bales, 74% higher than the crop during last year’s severe drought.
The drought also created a large supply of silage as farmers chopped the corn crop early. However there are lingering concerns about the safety of that feed. Clinton Griffiths has details on stretching that feed-dollar.
For some farmers, drought is not the biggest concern right now. It's too much moisture. Mike Hoffman has details in cropwatch.
The wheat market is getting a lot of attention these days. How can you set your strategy to benefit from the market moves? Profarmer Editor Chip Flory and Senior Market Analyst Brian Grete join us from the Profarmer studios to look at the current structure in this week's profit briefing. For subscribers to the Profarmer newsletter, here's what you can expect when it comes out today. The Profarmer team will look at Ukraine’s decision to shut the gates on wheat exports. From Washington, the experts will take an in-depth look at key AG policy issues of the presidential candidates. Trade regulators are taking a close look at high frequency trading. Demand for state-owned beans in China wanes.
FFA FOOD PACKING: