AgDay Daily Recap - July 6, 2012

July 6, 2012 05:57 AM
 

TODAY ON AGDAY
JULY 6, 2012

DROUGHT MONITOR:

Good morning I’m Tyne Morgan in for Clinton Griffiths. The depth and scope of the 2012 drought continues to intensify.

AGWEB POLL:

Meanwhile, our reporting partners at Agweb have been asking farmers to gauge this year’s corn crop. They asked what they think the national yield will be this year. So far, there have been more than 3,300 votes. About half expect the average yield will be 139 bushels to the acre or less. Those votes are highlighted in yellow. About a third expects the yield in the mid-to-upper one-40's, which appear as red on the map. Another 12% expect it to be in the 150's. Remember, USDA's forecast puts the average corn yield earlier this spring at 166-bushels to the acre.

CROP WATCH:

While most of the country is struggling weather-wise, others are doing okay. Mike Hoffman has details in cropwatch.

SOUTH DAKOTA WHEAT HARVEST:

USDA's latest progress report shows nearly 70% of the winter wheat has been harvested nationally, which is well ahead of the 42% normal pace. That’s true in South Dakota as well where 11% of the crop has been cut,   AgDay's Michelle Rook took to the field to get a progress and yield report. Michelle says the spring wheat crop was also planted in record time this spring and that harvest will start in just a couple of weeks as well. 

FARM BILL:

The House AG Committee releases its version of the 2012 Farm Bill on Thursday.

AG EQUIPMENT DEMAND:

In agribusiness today - as global economies grow, so will the need for farm equipment. That's the bottom line of a new study from the market research firm "Reports-in-Reports"

PROFIT BRIEFING:

Coming up Wednesday - USDA will post another series of reports. One big question - how much will USDA drop its corn yield project? As always our analysts at Profarmer newsletter are getting us ready for what could happen. Chip Flory and Brian Grete join us from our Profarmer studios in Cedar Falls, Iowa to lay-it all out in this week's profit briefing. For those of you who subscribe to the Profarmer newsletter, here's what's coming out today. The analysts will get their members ready for the July 11th Supply-and-Demand reports.

WHITE NOSE:

It's a fungus that's fatal to bats and has made its way to more than a dozen states. White Nose Syndrome was first discovered less than a decade ago in New York State. The fungus has already made its way to the Midwest and Iowa has now been added to the list. In the report from Iowa DNR, Joe Wilkinson shows us what park officials are doing to help prevent the fatal disease from spreading to other bats. He says cavers must walk through a disinfectant mat before and after exploring the caves.

AVOCADOES:

It's not exactly an aphrodisiac, but avocadoes may help you get pregnant.

ALMOND PRODUCTION:

California farms are on track to produce more than two billion pounds of almonds this year. The California Farm Bureau says hail impacted some orchards earlier this year, but otherwise there's been good weather  this growing season. More than 780-thousand acres of almonds were produced. Harvest begins in late summer. By the way, did you know, that California is the only state that commercially grows almonds. And 70% of the crop is exported.

 

 
 
 
 
 
 
 
  
 
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