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AgDay Daily Recap -November 11, 2013

November 11, 2013
 
 

TODAY ON AGDAY

NOVEMBER 11, 2013

 

USDA REPORTS:

GOOD MORNING I'M CLINTON GRIFFITHS. IT'S VETERANS DAY SO BEFORE WE GET TO OUR TOP STORY, WE'D LIKE TO SAY THANK YOU TO THE MEN AND WOMEN WHO HAVE SERVED AND ARE SERVING OUR COUNTRY. THEIR SACRIFICE IS RECOGNIZED AND APPRECIATED BY ALL OF HERE AT AGDAY.

CORN PRODUCTION:

CORN PRODUCTION JUST MISSED THE 14 BILLION BUSHEL MARK. USDA HOISTED THE AVERAGE YIELD BY MORE THAN FIVE BUSHELS AN ACRE. AND THE DEPARTMENT SLICED HARVESTED CORN ACRES BY NEARLY TWO MILLION.

BEAN PRODUCTION:

TURNING TO SOYBEANS - USDA PEGS THE CROP AT NEARLY THREE-POINT-THREE BILLION BUSHELS, UP THREE PERCENT FROM THE PREVIOUS FORECAST. AVERAGE YIELD WAS INCREASED BY NEARLY TWO BUSHELS FROM THE PREVIOUS FORECAST. HARVESTED ACREAGE WAS CUT BY 700-THOUSAND ACRES FROM THE SEPTEMBER ESTIMATE.

GRAIN STOCK:

WITH THOSE HIGHER PRODUCTION LEVELS, USDA PUSHED HIGHER THE CORN ENDING STOCKS FOR THE 2013-14 MARKETING YEAR. IT'S PEGGED AT NEARLY ONE POINT NINE BILLION BUSHELS. THAT'S 32 MILLION BUSHELS HIGHER FROM THE LAST ESTIMATE. TO LOOK AT IT ANOTHER WAY - THAT'S 129-PERCENT HIGHER THAN THIS SAME REPORT A YEAR AGO.
SOYBEAN ENDING STOCKS ARE ESTIMATED AT 170 MILLION BUSHELS.
REPORT REAX:

WHAT'S THE MARKET THINK ABOUT THESE REPORTS? TYNE MORGAN HAS BEEN GAUGING REACTION, INCLUDING THAT FROM THE ANALYSTS AT PROFARMER.

COTTON OUTLOOK:

THANKS, TYNE. ALL COTTON PRODUCTION IS FORECAST AT 13.1 MILLION BALES, UP 2 PERCENT FROM THE SEPTEMBER FORECAST BUT DOWN 24 PERCENT FROM LAST YEAR. YIELD IS EXPECTED TO AVERAGE 808 POUNDS PER HARVESTED ACRE.

CROP WATCH:

WHILE USDA MAY SEE A BIG CROP OUT THERE, PLENTY OF FARMERS ARE POSTING ON AGWEB THAT THEY DON'T SEE IT.

SOUTH DAKOTA UPDATE:

IN SOUTH DAKOTA, A STATE VETERINARIAN IS PUTTING THE OCTOBER 4TH BLIZZARD INTO PERSPECTIVE. SO FAR HIS OFFICE HAS VERIFIED THE DEATHS OF NEARLY 14-THOUSAND CATTLE, MORE THAN 12-HUNDRED SHEEP, 3-HUNDRED HORSE AND 40 BISON. THE DOCTOR SAYS MANY OF ANIMALS DIED FROM CONGESTIVE HEART FAILURE CAUSED BY THE STRESS OF THE HISTORIC STORM.

MACHINERY PETE:

UNTIL NEXT WEEK, YOU CAN STAY UP TO DATE WITH MACHINERY PETE BY FOLLOWING HIM ON TWITTER OR LIKING HIM ON FACEBOOK. HE'S ALSO FEATURED EVERY WEEK ON AGRITALK AND AGWEB DOT COM.

PIONEER DEERE:

IN AGRIBUSINESS...TWO AG INDUSTRY POWERHOUSES SAY THEY'RE JOINING FORCES. DUPONT PIONEER AND JOHN DEERE PLAN TO COMBINE SERVICES IN ORDER TO GIVE FARMERS MORE ACCESS TO PRECISION TOOLS.

ANALYSIS:

BACK TO TODAY'S TOP STORY - REACTION TO USDA'S GRAIN REPORTS WHICH APPEARS TO BE MOSTLY BULLISH. FARM DIRECTOR AL PELL HAS DETAILS IN ANALYSIS.

VETERANS IN BUSINESS:

ACCORDING TO THE U-S SMALL BUSINESS ADMINISTRATION, NEARLY HALF OF MILITARY VETERANS ARE MORE LIKELY TO BE SELF-EMPLOYED THAN THOSE WITH NO MILITARY BACKGROUND. WITH VETERANS DAY UPON US, WE INTRODUCE YOU TO A VETERAN WHO'S AMERICAN DREAM BENEFITS HIS ENTIRE COMMUNITY. KENT FADDIS WITH UNIVERSITY OF MISSOURI EXTENSION HAS MORE ABOUT VETERANS ON THE "FRONTLINES" OF BUSINESS.

TEARLESS ONIONS:

DO YOU LOVE ONIONS BUT HATE THE STRESS THEY PUT ON YOUR TEAR DUCTS?
WE RESEARCHERS IN NEW ZEALAND THINK THEY'VE FOUND A SOLUTION TO THE EYE WATERING VEGETABLE.

FLORIDA ORANGE PRODUCTION:

EARLIER IN THE SHOW, WE RATTLED OFF THE LATEST CROP PRODCUTION FORECAST.
USDA ALSO RELEASED IT'S NUMBERS FOR ORANGE PRODUCTION.

 

 

 

 

 

 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  
  
      
                                
                                                        
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                
 
                                 

CONTACT:
We'd love to hear from you! Contact us at 800-792-4329. Or drop an email to inbox@agday.com. You can also check us out on Facebook.
 

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