NEWS FROM THE COFFEE SHOP: 2011-07-03

Friday, July 8, 2011

Top picture is a borer and bottom picture is the hole shot.

Check any refuge, conventional, and AMRW corn.

Call Brett Vogel of Vogel Crop Services for your scouting needs at 319-240-8979.

Our Reply: Brett sent us these photos this morning. He says he has been finding corn borer issues in Buchanan County over the last few days and that some farmers are spraying!

Drop the Gavel!

Final Bid- $8,675 / acre

3rd Break

Current Live Bid- $8,000

2nd Break

Current Live Bid- $7,600

1st Break

Current Live Bid- $7,300

Not much activity yet!

Vince Keegan Farm

Opening Bid- $7,000

China's Corn Purchases

Traders believe China has bought as much as 5 million tonnes of corn since March, and many believe the country will import at least 10 million tonnes for the year, the CME Group said in its Friday morning report.

ALSO...

Pork prices in China have seen a steep up trend in the past few months. Pork is a very important staple in China, making up 1/3 of the food basket there and contributing as much as 10% to the total inflation picture, CME analysts said. China is still expanding pork and meat consumption in general, and many traders believe they will need to continue to import feed grains.
As seen on marketwatchonline.com

Auction - Today 10 a.m.

News From The Coffee Shop will be broadcasting live Today, July 8, 2011 from the Hertz Farm Mgmt. Farmland Auction in Ryan, IA.

Be sure to check back often during the 10 o'clock hour for live coverage of this farmland auction!

114 acres of tillable farmland w/ 77 CSR sold in 1 parcel will be bid-off at public auction beginning at 10am.

Live Reports All Day in Buchanan County

Call Pete at 319-327-0806 if you have breaking news to report!

Thursday, July 7, 2011

Up Sharply

The live cattle market closed sharply higher on the session and pushed to the highest level since May 2 as traders see higher beef on the week and a more positive demand tilt as reasons to expect higher trade in the cash market this week, the CME said.

August hogs closed sharply higher on the session and traded limit-up into the mid-session before closing just slightly off of the highs, the CME said.

As seen on marketwatchonline.com

Want to make more than a Banker? Become a Farmer!

Long term Bullish Article on farming in Time magazine.

IRS Milage Rate

The IRS Mileage Rate increased to 55.5 cents / mile July 1, 2011

Farmland Auction- Tomorrow!

News From The Coffee Shop will be broadcasting live Tomorrow, July 8, 2011 from the Hertz Farm Mgmt. Farmland Auction in Ryan, IA.

114 acres of tillable farmland w/ 77 CSR sold in 1 parcel will be bid-off at public auction beginning at 10am.

Remember, "YOU'LL HEAR IT HERE FIRST!!"

Movin' Higher!

Urea and UAN28 prices continued to climb higher the fifth week of June 2011, according to retail fertilizer prices tracked by DTN. And for the first time, anhydrous joined these other nitrogen fertilizers in their trek to higher prices.

Urea led the way higher, up 12% from the fourth week of May, while UAN28 climbed 9% higher and anhydrous jumped 5%. Urea had an average price of $568/ton while UAN28 was priced at $410/ton and anhydrous $780/ton.

Three other fertilizers were slightly higher compared to a month earlier. DAP had an average price of $686/ton, potash $618/ton and UAN32 $443/ton.

As seen on DTN Morning Email

Wednesday, July 6, 2011

Crop Tour Letter Going Out Next Week

Dear Future Crop Tour Participants,

It's almost time to hit the road on the News from the Coffee Shop’s Buchanan County Crop Tour! With a pretty good planting season and a great growing season, the 2011 Crop Tour will undoubtedly be a closely watched county event in its first year.

By coming along on the Tour, you'll be involved in the first widespread county survey of this year's corn and soybean crop potential. Tour participants will learn more about the crop faster than anyone else in the county or industry and have the chance to compete amongst other scout teams in a yield estimation contest.

The format of the Tour will be as follows: We'll gather at the starting point- Vogel Crop Service’s new building in Independence on Aug. 20, 2011, at 9:00 a.m. for orientation. At this meeting, we will form scout teams, match up riders with drivers and make everyone comfortable with the sampling procedure and yield estimation contest. Scouts will travel by vehicle in 4 separate scout teams to allow for coverage in all four districts of the county. Each scout team will travel to producer’s fields located in their district and be estimating yields for both corn and soybeans.

Two pre-determined local producers have been identified within each of the counties 16 townships. These producers have been directed to select 1 field of corn and 1 field of soybeans for the scout teams to measure and provide the teams with the particulars on each field. These producers have also agreed to provide actual yield results in the fall in order to determine our Yield Estimation Contest winners. They will also be invited to the tour’s evening gathering back at the starting point to share their crop insights with the group.

The official truck of this year’s Crop Tour is Chevrolet, and we are proud to have 4 donated Chevrolet trucks from Dunlap Motors identified as the lead scout vehicle in each district. District scout team leaders will be operating these vehicles and be responsible for determining their team’s route, measuring details, lunch stop, and overall contest success on tour day. Noon meals will be on your own and you will likely be stopping at one of Buchanan counties great bar and grills depending on the district you’ll be in. Your four district scout team sponsors are: Don’s Insulation- Donnie Struael, Bob Hanson- Pioneer Brand Products, Aurora Elevator, Inc., and Security State Bank.

Be sure to make plans for this Tour! Saturday night's final stop and grill out back at Vogel Crop Services building in Independence promises to be exceptional! Producer participation on this year's Tour is critical to its success. We hope to offer preliminary tour reports that evening during the grill out. This format has been designed to allow for plenty of time to network with other tour participants and local producers who share critical insight and understanding into our local crop conditions.

The information gathered is sure to have great value and be well worth the time and effort. Even if you can't attend the entire Tour, please feel free to join the scouting effort for a few hours or stop by that evening for camaraderie and results.

There will be updates and more details about the Crop Tour available on the News from the Coffee Shop blog from time to time as they become available. The address to this site is www.peteburmeister.blogspot.com. All Crop Tour results, contest winners, and pictures will be posted on this website, so be sure to check it often for updates.

Please RSVP to Pete Burmeister at 319-327-0806 or prburmeister@gmail.com by August 5, 2011 if you plan to attend the tour and participate in the Yield Estimation Contest.

Coming in 2 Weeks...

Sale Toppers

Top Beef Heifer- $117.50
Doug Megonigle of Independence
on 1 head weighing 1360 lbs

As seen on Manchester Livestock Auction's website

Tuesday, July 5, 2011

Weather Radar

Crop Tour Invite

Help spread the word about the upcoming Crop Tour!

Please let anyone who has an interest in crop production in Buchanan County, IA know about this exciting new event!

RSVP by August 5th, 2011 to reserve your spot!

Farmland Auction

News From The Coffee Shop will be broadcasting live Friday, July 8, 2011 from the Hertz Farm Mgmt. Farmland Auction in Ryan, IA.

114 acres of tillable farmland w/ 77 CSR sold in 1 parcel will be bid-off at public auction beginning at 10am.

Remember, "YOU'LL HEAR IT HERE FIRST!!"

Opening Calls

Corn: Up 10 to 15

Soybeans: Up 10 to 15

Wheat: Up 15 to 20

Corn should open higher, amid more signs that lower prices are encouraging demand.

After USDA Friday announced the sale of 45 million bushels to unknown destinations, possibly China, South Korea is active this morning.

Soybeans should also move higher to start the session, after holding chart support last week. While USDA's estimate of June 1 stocks was greater than expected, old crop supplies remain tight, with no deliveries reported again today against July.

As seen on Farm Futures Daily Email