Saturday, September 3, 2011
From Bryan Bayness
3.1 inches north of Fairbank. Lots of damaging winds. Tree branches down, but more importantly down corn. Some broke off, some goose necked.
Friday, September 2, 2011
Opening Calls
Corn futures are called 4 to 5 cents higher this morning, based on overnight Globex action, a smaller FCS yield estimate and bargain hunting following the Thursday sell off. Prices sold off sharply on Thursday due mostly to profit taking ahead of the 3 day weekend. Funds sold an estimated 18,000 contracts. The dollar ended about 400 points higher on positive U.S. manufacturing data for August. After the close, FC Stone estimated the U.S. corn yield will average 146.3 BPA and production at 12.35 billion bushels.
Soybean futures are expected to open 3 to 5 higher. FC Stone lowered their estimated soybean yield estimate to 41.05 bpa from 42.4.
As seen on Bulger Market Report
Soybean futures are expected to open 3 to 5 higher. FC Stone lowered their estimated soybean yield estimate to 41.05 bpa from 42.4.
As seen on Bulger Market Report
Thursday, September 1, 2011
Soybean Marketing Perspective
"Another "wild-card" that we need to keep our eye on, comes from the fact that I am hearing several large producers from Brazil are racing to get their beans in the ground early (as in right now), so they can plant double cropped corn right behind it, hopefully by the end of January. If this back fires on them, and they run into problems, US soybeans could end up in high demand come March...just an FYI. Once again another reason why I like making your necessary cash sales now and storing the remaining bushels."
As seen on The Van Trump Report
As seen on The Van Trump Report
Wednesday, August 31, 2011
Tuesday, August 30, 2011
Rainfall Report
1.20 inches of rain north of Fairbank. Chopping silage is going strong, but came to a halt at noon!... From Bryan Bayness
Closing Markets
CORN SEP 763.5+7.25
SYBN SEP 1448.75+10.75
LCTL OCT 114.575-0.025
LHOG OCT 85.7-0.7
Our Reply: UP YET AGAIN!
SYBN SEP 1448.75+10.75
LCTL OCT 114.575-0.025
LHOG OCT 85.7-0.7
Our Reply: UP YET AGAIN!
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Packer margins and size
In the past, record-high livestock prices such as we have seen this year usually meant that packers lost money by the boatload — but not so in 2011. Packer margins in both the beef and pork sectors have been exceptionally good for much of the year and have, on occasion, neared all-time record levels.
Recent quarterly reports from Tyson, Smithfield, Seaboard and others bear this out pretty clearly. We think the biggest reasons for strong packer margins are strong domestic and international demand and a packing sector that is very close to the perfect size for current hog supplies. Demand provides pricing “space” for higher-valued products. A correctly sized sector means packers seldom have to chase pigs to keep lines running at speeds that keep unit cots near their optimum.
But there is one major difference between the beef and pork packing sectors: The beef packing business is still too large relative to fed cattle supplies — and that problem will get worse before it gets better. This excess capacity is very likely a major reason for margin volatility — which will likely continue as well.
As seen on marketwatchonline.com
Recent quarterly reports from Tyson, Smithfield, Seaboard and others bear this out pretty clearly. We think the biggest reasons for strong packer margins are strong domestic and international demand and a packing sector that is very close to the perfect size for current hog supplies. Demand provides pricing “space” for higher-valued products. A correctly sized sector means packers seldom have to chase pigs to keep lines running at speeds that keep unit cots near their optimum.
But there is one major difference between the beef and pork packing sectors: The beef packing business is still too large relative to fed cattle supplies — and that problem will get worse before it gets better. This excess capacity is very likely a major reason for margin volatility — which will likely continue as well.
As seen on marketwatchonline.com
Monday, August 29, 2011
IA Corn Crop Condition
Four percent of the corn crop is now mature, behind last year's 10 percent and the normal 5 percent, the USDA reported. Corn condition stands at 5 percent very poor, 10 percent poor, 26 percent fair, 45 percent good, and 14 percent excellent.
As seen on marketwatchonline.com
As seen on marketwatchonline.com
Re- Post Bulletin Journal Article w/ webpage link
2011 "News From The Coffee Shop" Crop Tour Article |
| Last Saturday was a beautiful day for the 2011 “News from the Coffee Shop” Crop Tour. The tour had several sponsors, including the newly opened Henderson Event Center, Dunlap Motors and Signs and More. Pictured are Brett Vogel, owner of Vogel Crop Services; Pete Burmeister, host; and Adam White, Pioneer Seed. (Photo by John Klotzbach) As seen on www.bulletinjournal.com |
Farmland Values Up!
According to the Federal Reserve Bank of Chicago...
20% increase in Iowa farmland since July 1, 2010 and a 3% increase since April 1, 2011!
To read the complete article Click Here
20% increase in Iowa farmland since July 1, 2010 and a 3% increase since April 1, 2011!
To read the complete article Click Here
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