AgDay Daily Recap -December 12, 2012

December 12, 2012 04:57 AM

DECEMBER 12, 2012


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


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.


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.


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.


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.


In agribusiness, tractor sales continue to climb higher. The latest numbers from the Association of Equipment Manufacturers show double digit gains in total farm tractor sales, with the largest growth in four-wheel drive tractors. AEM says total farm tractor sales are up over 10% both from last November and on the year.


As we reported earlier, the Corps of Engineers is standing behind its decision not to increase the water flow from the Missouri River which dumps in the Mississippi. Even though work to remove rock formations in a stretch of the river south of St. Louis could begin within the next week, Farm Director Al Pell says there are still concerns about water levels next spring.


We've all heard the line from the holiday song, but have you ever actually seen chestnuts roasting an open fire? It could become more of a common site in years to come - as AG-researchers at UT Work to Restore chestnut trees in Tennessee and the eastern us. In this report provided by the University of Tennessee, Chuck Denney tells us about an effort to bring back these beautiful, productive trees. Thanks Chuck. The research chestnuts are at undisclosed locations in three states. And chuck will be joining us for our annual holiday special coming up in about a week and a half. We hope you will tune in for "Christmas in the Country". We’ve gathered some rather interesting stories that will help entertain and enlighten you this year. Join us Christmas morning for Christmas in the Country, right here on AgDay.


There's a food fight brewing in Washington over the nation's supplemental nutrition assistance program. This after setting another new record high in September with enrollments of 47.7 million people.



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