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Markets Down Sharply On USDA Data

Grain and oilseed markets dropped sharply after the release of the USDA's latest stocks report this morning (Thursday.)

The corn supply estimate as of March 1st was larger than expected, at 5.4 billion bushels, versus the average analyst guess of around 5 billion.

Soybean stocks were pegged at 1 billion bushels, which was also larger than expectations of around 950 million bushels.

Wheat supplies were estimated at 1.23 billion bushels.

The department's first planting intentions report, which was also released this morning, was more bullish.

Soybean acres were projected at 77.1 million, which was below the average pre-report estimate of around 78 million acres.

Corn acreage was in line with expectations at 97.3 million.

The USDA expects hard red spring wheat will be seeded to 12.1 million acres, which was also close to what traders were expecting

Source: PortageOnline


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Designing a Robotic Berry Picker

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Since blackberries must be harvested by hand, the process is time-consuming and labor-intensive. To support a growing blackberry industry in Arkansas, food science associate professor Renee Threlfall is collaborating with mechanical engineering assistant professor Anthony Gunderman to develop a mechanical harvesting system. Most recently, the team designed a device to measure the force needed to pick a blackberry without damaging it. The data from this device will help inform the next stage of development and move the team closer to the goal of a fully autonomous robotic berry picker. The device was developed by Gunderman, with Yue Chen, a former U of A professor now at Georgia Tech, and Jeremy Collins, then a U of A undergraduate engineering student. To determine the force needed to pick blackberries without damage, the engineers worked with Threlfall and Andrea Myers, then a graduate student.