Beans up! Planted April 30th.
Saturday, May 11, 2013
Cow/calf pairs selling cheap in Western States
Recent sale reports in a few Western States including; Kansas, Nebraska, South Dakota, & Montana show 3-5 year old cows with month old calves at side topping sales at $1,300. Dry conditions are forcing liquidations on many ranches according to sources.
Friday, May 10, 2013
Blog Feedback
They just mentioned your blog on the big show!
Well they read a twitter deal, not sure if u tweeted it but they said it was on pete burmeisters blog! pretty cool
Jessica Schmitz
Blog Feedback
Caleb Hamer (@HawkeyeHamer) tweeted at 0:47 PM on Fri, May 10, 2013: @newscoffeeshop you just got credited with story on the big show
Blog Feedback
Craig Sperfslage (@Craig_Sperf) tweeted at 0:50 PM on Fri, May 10, 2013: Heard @newscoffeeshop get mentioned on #TheBigShow Keep it up Pete!
Bullish USDA Report?
Darin Newsom (@DarinNewsom) tweeted at 1:21 PM on Fri, May 10, 2013: Let me throw this at you: upon further review, 2013-14 corn s&d is actually bullish, both production of 14.9 bb and ending stox of 2.0 bb.
John Deere Planter update
John Deere Planter Update from Sigourney Tractor & Implement
For those having trouble with swath control settings:
PLANTER SWATH CONTROL SETTINGS
STEP ONE: TURN OFF TIME
First verify measurements on tractor and implement are correct.
0.1 Seconds change equals approximately 10 inches of distance.
SHUTS OFF INTO END ROWS: Increase turn off time.
SHUTS OFF TOO SOON: Decrease turn off time.
(0.3 is the lowest setting.)
If still shutting off too soon, lengthen implement by that amount.
(Dimension B in feet / ADD LENGTH TO SHUT OFF CLOSER.)
STEP TWO: TURN ON TIME
Only adjust after you have calibrated the turn off time.
TURNS ON IN END ROWS: Decrease turn on time.
TURNS ON PAST END ROWS: Increase turn on time.
STI Call Center (641) 622-9018
Information by Sigourney Tractor & Implement
Feedback- Farmer Crop Commentary
I have a buddy's in Marshalltown, DeWitt and Donaldson, clear in southeast Iowa. Didn't know any of these locations interested you? I would check with them for you if you need me to.
From Scott Hingtgen- Jackson County, IA
Breaking: Waterloo, Waverly, & Sumner JD stores sold
According to sources, Oklahoma based John Deere dealer P&K Midwest has purchased the Waterloo, Waverly, & Sumner John Deere dealerships in a recent deal. These stores will add to several locations P &K already owns in Eastern Iowa.
NE Iowa Wet
Chip Flory (@ChipFlory) tweeted at 7:40 AM on Fri, May 10, 2013: It's easy to see how wet soils are in NE IA now. About an inch of rain yesterday and plenty of water standing this morning. #pfnews
From Nick Albright- Calhoun County, IA
We got a couple hundred acres of corn in before the snow, nothing since. Should be able to roll about Tuesday I'm guessing. I've lost track but its somewhere between 8 and 10 inches of rain this spring and no standing water. Needed every drop.
Thursday, May 9, 2013
From Scott Beenken- Blackhawk County, IA
Got in late yesterday afternoon with anhydrous only to get rained out 14 acres later. (and I pushed it to go then) Don't have any corn in yet, a few neighbors went yesterday but it was obvious from my road farming conditions were not ready.
Still have about 750 acres of nh3 to go but when it breaks look out!
Concerns growing of having to plant seed corn around the clock to make pollination timing, but that is a conditions based call.
Whatever happens everybody stay safe out there. Power naps are a great thing!
Still have about 750 acres of nh3 to go but when it breaks look out!
Concerns growing of having to plant seed corn around the clock to make pollination timing, but that is a conditions based call.
Whatever happens everybody stay safe out there. Power naps are a great thing!
Just to Clarify
The news that Ohio is reportedly 40% planted shouldn’t come as a huge shock. Weighing in at 3.95 million acres, they aren’t exactly a heavyweight, relative to 14.2, 12.2, 9.9, and 9 million acres in Iowa, Illinois, Nebraska, and Minnesota respectively. Even Indiana (Mississippi of the North) dwarfs Ohio, tipping the scales at 6 million acres.
Ohio is much better at cheating at football and swinging presidential elections than it is at growing corn.
Maternity Pens
Jarrod Bakker (@justfarm) tweeted at 0:22 PM on Thu, May 09, 2013: Check out this great website on the truth about maternity pens. Check it out by clicking here.
John Deere Planter Software Update Issues
I have hear a lot of guys discussing/complaining
about the most recent software update...
about the most recent software update...
What's the skinny?
From Brandon Reis- Howard County, IA
We have about a 1/2" on the ground here and it's still coming. Yes, rain makes grain but planted seeds are a pretty big part of that equation. We don't have anything planted around here.
How about you guys?
DTN article I thought was interesting:
Thursday 05/09/13 |
| The Super Cycle and the Fall of Commodity Hedge Funds |
Last summer a hedge fund trader told me he wasn't sure there was real money to be made trading grain. It didn't make sense to me then -- how could a smart speculator not make a few pennies during the great short-supply run-up? He argued down days cancelled the up days and a few other things along that line, but I'm starting to realize the full picture is much more complicated.
Commodity hedge funds like his trade more than just grains -- many are more heavily focused on metals and fuels -- and they've been losing money for years. His gains were probably more than cancelled out by losses in other sectors. A recent article in the Financial Times cited an index compiled by brokerage firm Newedge that showed the average commodity hedge fund lost 0.8% in the first quarter of the year.
That's on the heels of a 3.7% loss in 2012 and a 1.4% loss in 2011. From 2000 to 2008, gains ranged from 20% to 40% each year.
Investors pulled roughly $5 billion out of commodity hedge funds last year, at least 20% of the assets these funds held, according to the Financial Times. That's a substantial chunk of change that won't be used in any commodity market, let alone grains or livestock. And the fund managers the Financial Times spoke with said that liquidation is likely to continue.
Commodities have been in a long-term bull market, which some call a super cycle, fueled by surging demand for raw materials in emerging countries like China and typically low prices that, in the case of oil and other mined commodities, discouraged new investment and kept supplies reasonably tight.
"We are witnessing the implosion of a large chunk of the commodities hedge fund industry," a chief executive of one of the world's largest commodities trading house told the Financial Times, echoing a widely held view across the natural resources sector. "The sector is, on average, performing badly and investors are taking notice."
Stanley Druckenmiller, a well-known hedge fund manager, told an investing conference in New York on Wednesday that he thinks the super cycle is over. China's GDP has slowed as exports declined to large but financial troubled buyers like the European Union. The Chinese government is trying to transition the economy to one driven by consumption more so than investment in fixed assets like buildings, which require a lot of raw material.
Add to it that the U.S. economy is starting to see stronger growth, and it's generally accepted that the Federal Reserve will raise rates by late 2013 or early 2014. "This is supporting the U.S. dollar index and throwing water on any idea of long-term inflation," DTN Senior Analyst Darin Newsom said. Commodities are often viewed as a hedge against inflation, and with the Dow Jones Industrial Average and S&P 500 inking new highs with seeming regularity it's not surprising noncommercial positions across the commodity sector have declined.
Druckenmiller's focus when he discusses the super cycle is on industrial metals and fuels, and that probably plays a large role in decline of commodity-trading hedge funds. But what does that mean for agriculture commodity markets?
China and other developing nations that fueled the commodities boom will still have growing populations, a steadily increasing middle class and rising demand for meat. That's a pillar of support for ag commodities that oil and copper fundamentally don't have, but it doesn't mean ag is exempt from the broader downturn.
Noncommercial investors like hedge funds play an increasingly large role in the direction of ag markets, as Newsom has pointed out many times over the past few years. If they're not buying, it's hard for a market to rally.
"Unless we return to a drought, the high prices posted in 2012 are probably THE high prices we will see" for a while, Newsom said. Profitability in grains will likely come down, farmland could start to look overpriced and the Midwestern economy could take a turn for the worse.
Bloomberg article on Drunkenmiller: http://bloom.bg/…
Financial Times on the decline of commodity hedge funds: http://on.ft.com/
|
Print
EmailOhio Corn Planting Progress
Hedge Specialist (@KevinVanTrump) tweeted at 9:28 AM on Thu, May 09, 2013: Ohio guys reporting they've gotten about 40% of corn in the ground in last 2 days.
Wild Cards
Hedge Specialist (@KevinVanTrump) tweeted at 8:49 AM on Thu, May 09, 2013: Big bullish "wild-cards" still in deck for new crop #corn...June moisture, July heat, US harvest,Chinese production (northeast plant delays)
Wednesday, May 8, 2013
Wanted: 6 Farmers in Eastern Iowa
News from the Coffee Shop is looking for 6 farmers geographically distributed across Eastern Iowa (I-35 and East) to contribute weekly commentary, photos, videos, etc. on crop conditions in your area.
We are looking for folks who are willing to share real, thoughtful information about what you, your neighbors, and friends are seeing in the fields each week.
Call or message Pete at 319-327-0806 or prburmeister@gmail.com if interested or if you have questions about this opportunity.
Disappointed
Caleb Hamer (@HawkeyeHamer) tweeted at 9:25 PM on Wed, May 08, 2013: Maybe someday we can start #plant13 #rain
Fat Cattle Prices
Jason Lekin (@jason_lekin) tweeted at 9:15 PM on Wed, May 08, 2013: Tama fed cattle top 135.00 and the boxes are up 3.48 again tonight. Keep this going
From Scott Hingtgen- Jackson County, IA
East Central Iowa: Most planters started running Tuesday afternoon. I think just about everybody will hit it hard today.1/2 to 1 inch on the way for Thursday.
Planting on top of the bluffs next the Mississippi River.
Tuesday, May 7, 2013
Ethanol Production
Iowa Corn (@iowa_corn) tweeted at 9:01 PM on Tue, May 07, 2013: RT @iowafuel: Iowa is #1 in the nation in #biofuels production. If #Iowa was a country it would rank 4th in the world for #ethanol
2013 Iowa Cash Rental Rate Survey
| 2009 | 2010 | 2011 | 2012 | 2013 | ||
| District | $ | |||||
| 1 | 187 | 188 | 224 | 267 | 283 | |
| 2 | 196 | 191 | 220 | 277 | 294 | |
| 3 | 186 | 192 | 223 | 266 | 281 | |
| 4 | 196 | 195 | 227 | 279 | 294 | |
| 5 | 197 | 195 | 226 | 275 | 297 | |
| 6 | 193 | 196 | 219 | 252 | 284 | |
| 7 | 170 | 176 | 213 | 246 | 257 | |
| 8 | 146 | 151 | 177 | 193 | 210 | |
| 9 | 173 | 169 | 198 | 217 | 229 | |
| State | 183 | 184 | 214 | 252 | 270 |
Plant13 Go Time- Illinois
La Pryor Farms (@lapryorfarms) tweeted at 11:29 AM on Tue, May 07, 2013: It's GO time! #plant13 http://t.co/GWfcS5CwZe
Monday, May 6, 2013
Corn Planting Pace by State
Meghan Pedersen (@MeghanPedersen) tweeted at 3:22 PM on Mon, May 06, 2013: #Corn planting progress compared to avg pace: Iowa 8% (vs. 56%), IL 7% (48%), IN 8% (41%), MN 2% (51%), OH 7% (39%), NE 14% (53%) #pfnews
2013 Corn Planting Pace
Maizstro (@Maizstro) tweeted at 3:05 PM on Mon, May 06, 2013: Corn at 12% planted vs. 15% estimated. Graphic updated showing 2013 vs. previous 6 years. http://t.co/4nELRNRhwE
17-yr Cicada Facts
Darin Newsom (@DarinNewsom) tweeted at 1:45 PM on Mon, May 06, 2013: Here's a stat for you: Cicada 17-yr cycle this summer; Last 2 cicada summers saw corn average 10% above prev yr yield. If true, 2013=136bpa.
Sprouting
Jason Franck (@JasonFranckNC) tweeted at 10:50 AM on Mon, May 06, 2013: 4/28/13 planting date. The 2013 season has officially started for Carson & Barron. Looks good considerng the weathr http://t.co/eaOqVAHQIl
Grain Marketing Opinion
Marcus A. Norman (@hallagan88) tweeted at 10:12 PM on Sun, May 05, 2013: 1947 re-run? Hold old crop if you still have it, wait on new crop. It's going to be an interesting growing season #2013crop
Sunday, May 5, 2013
Stud Fees
Kevin Roepke (@Maizstro) tweeted at 10:23 AM on Sun, May 05, 2013: 2013 STUD FEES: Bernanadini: $150K Paddy O'Prado: $15K Big Brown: $65K Bodemeister: $30K Street Sense: $53K Super Saver: $20K Giacomo: $5K
Corn Row
Cory Ritter (@CoryRitter) tweeted at 10:23 AM on Sun, May 05, 2013: Saw my first field of corn that I could row. Was planted almost one month ago and is barely spiked. Looks yellow. #plant13
Soil Temperature
Mike Carlson (@hayseedmike) tweeted at 8:34 AM on Sun, May 05, 2013: Soil temp. is 42 this am. Can't be good for the corn in the ground.#plant13
Weather
Chip Flory (@ChipFlory) tweeted at 6:05 PM on Sat, May 04, 2013: It was overcast most of the day and had a light rain but finally starting to see some sun. Wasn't much of a drying day in NE IA. #pfnews
Subscribe to:
Posts (Atom)