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AgDay Daily Recap -September 13, 2013

September 13, 2013
 
 

TODAY ON AGDAY

SEPTEMBER 13, 2013

 

CROP PRODUCTION:

GOOD MORNING I'M CLINTON GRIFFITHS. DESPITE A LATE SEASON FLASH DROUGHT, AMERICAN FAMRERS WILL HARVEST THE LARGEST CORN CROP SINCE 2009, AT LEAST THAT'S ACCORDING TO USDA.

GRAIN STOX:

ON THE STOCKS SIDE OF THE LEDGER, USDA RAISED GLOBAL CORN AND WHEAT CARRYOVER FROM LAST MONTH, BUT TRIMMED SOYBEANS. SOYBEAN CRUSH NUMBERS FELL BY 20 MILLION BUSHELS, AND EXPORTS BY 15 MILLION. BUT THAT DROP IN DEMAND SHOULDN'T HURT PRICES. THE EXPECTED MID-PRICE OF SOYBEANS WAS RAISED TO $12.50

PROFARMER REAX:

MUCH OF THE CORN INCREASE CAME FROM WESTERN CORN BELT AND PLAINS WITH YIELD JUMPS IN SOUTH DAKOTA, NEBRASKA AND KANSAS. THERE WERE ALSO SIGNIFICANT INCREASES ACROSS THE SOUTH. OUR PARTNERS AT PROFARMERS HAVE BEEN ANALYZING THE NUMBERS.

 

COTTON PRODUCTION:

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