Saturday, August 27, 2011

Independence Bulletin Journal Feature Article

"News From The Coffee Shop" Crop Tour Article- August 27, 2011

Midwest Crop Tour Estimates Lower!

OMAHA (DTN) -- U.S. farmers will produce 12.484 billion bushels of corn in the 2011 crop with an average yield of 147.9 bushels per acre, according to agricultural advisory service Pro Farmer. The numbers are partly based on findings from the company's Midwest Crop Tour that finished Thursday evening in Austin, Minn. USDA's estimate for the 2011 corn crop in its August Supply and Demand report was 12.914 billion bushels with an average yield of 153.0 bpa.

To read the complete article Click Here!

As seen on dtnprogressivefarmer.com


Friday, August 26, 2011

Fear of falling yields sends prices higher

December corn closed sharply higher on the session and drove to new contract highs for 4 of the past five trading sessions, the CME Group said in its Friday afternoon report. Aggressive fund buying emerged into the mid-session. The market pushed lower early in the session led by weakness in equity and energy markets and ideas that the market is overbought and that US corn is priced higher than competition on the world feed grain market. Fears of declining yield and some better export news helped support a run higher to new contract highs.

After some choppy and lower trade early, November soybeans saw a major technical break-out to the upside and moved sharply higher on the day, the CME said. The rally pushed the market to new contract highs and nearby futures to near the May highs.

As seen on marketwatchonline.com

Hole 12 Sponsor

Hole 16 Sponsor

Joel and Molly Greenley

Hole 4 Sponsor

Hole 3 Sponsor

Closing Markets

CORN SEP 752.5+20.25
SYBN SEP 1414.75+28.75
LCTL AUG 114.225+0.375
LHOG OCT 87.275+0.05

Our Reply: Up Again!

AgriGold Hospitality Tent

Corn Grower's Golf Outing

Duane Gates and Brian Meyer

Our Reply: They know how to go LOW!

Opening Calls

CORN SEP 736+3.75
SYBN SEP 1385.75-0.25
LCTL AUG 113.7-0.15
LHOG OCT 87.05-0.175

Thursday, August 25, 2011

Pro Farmer Crop Tour in Iowa

This morning we sampled in the Iowa counties of Iowa, Benton (District 6), Black Hawk, (District 3), Grundy (District 5) and Butler (District 2). We're seeing an average corn yield sample of 175.8 bu. per acre, with a range of 150 bu. to 213.8 bu. per acre.

As seen on http://www.pioneer.com/home/site/us/products/corn/crop-tour-day4/

Our Reply: Consistant with what we found on the News From The Coffee Shop Crop Tour on Aug. 20th!

Corn Grower's Golf Outing- Tomorrow!

What: Two Person Best Shot

When: Friday, August 26, 2011
            12:00 p.m. - Registration
            12:30 p.m. - Shot Gun Start

Where: Three Elms Course
              Independence, IA

Meal: 5:30 p.m. - Steak Fry
           Even if you are unable to golf, please stop out for Dinner!

Cost: Free for Buchanan County Corn and Soybeans Association Members

RSVP: Respond by August 24 via mail, fax, or call:
             Jason Franck at 319.533.5705 or fax 319.938.2619 or Greg Alber at 319.334.9494

Wednesday, August 24, 2011

Winthrop Meat Locker Damaged by Fire

It could be a month before the Winthrop meat locker reopens, after a Tuesday morning fire.
Officials with the Winthrop Locker LLC said the fire broke out around 2:30 a.m.

They're not sure how the blaze started, but say the damage is minimal.

No one was injured.

As seen on kwwl.com

Farmland Auction Results

Buchanan County, IA
August 24, 2011


80.55 surveyed acres sold for $320,186.25 ($3,975/A)
Approx. CSR <50

Darlene M. Gruetzmacher Estate
Located North of Hazleton, IA

Happy Birthday Neal Beck!



Won't be long until the Snow Flakes Fly!

THANK YOU!

Tuesday, August 23, 2011

Dec Corn hits new contract high, Again, Soybeans up sharply

December corn closed sharply higher on the session and closed near the highs posting new contract highs for the second day in a row, the CME Group said in its Tuesday afternoon report. Wet weather moving into northern Illinois after hitting dry areas of Iowa/Minnesota overnight may have tempered the buying early.

November soybeans closed sharply higher on the session and pushed to as high as 1400 before closing near the highs. This is up as much as $1.18 in just 11 trading days. A positive tilt to outside markets and news of deteriorating crop conditions helped support the higher opening but better than expected rains for southern Minnesota and northern Iowa overnight helped spark a quick sell-off to near unchanged on the day early, the CME said.

As seen on marketwatchonline.com

10-yr. Yield Average

Buchanan County 10-yr. Average- 171 bu./ac.
2010 NE Iowa Average- 176 bu./ac.

As seen on ISU Ag Decision Maker

2011 News From The Coffee Shop Crop Tour Estimate-
176 bu./ac.

Closing Markets

CORN SEP 730.25+9.75
SYBN SEP 1389.5+13
LCTL AUG 114-0.65
LHOG OCT 88.15-0.85

Rainfall Report

Bryan Bayness reports 1.40" of rain this morning north of Fairbank.

AND

Corn is FLAT north of Fayette! 60 plus mph winds!

Our Reply: Thanks for the update Bryan, hope you and Jen had fun on the Crop Tour!

Crop Tour Feed Back

Pete,
What is the contact info for Don's Insulation?  I have a shop I'd like to get insulated prior to winter.

I'm the local BASF Rep., Marcus called me Friday morning about the crop tour, wondering if I had any Headline tape measures.  I did find several, but they were used from my tool chest.
Nice rain this morning.

Thanks,
Jeff Whitham
BASF
Central City, IA

Our Reply: Donnie's number is 319-240-5058, give him a call- he's the best!

We'd love to have you along on the tour next year Jeff!

Rainfall Report

Tim Rathe reports he received an 1 3/4" this morning north of Lamont

Rainfall Report

Don Vanous reports 1"+ of rainfall near Rowley, IA this morning

Our Reply: We needed it!


Send your rainfall reports to 319-327-0806 or prburmeister@gmail.com

Monday, August 22, 2011

Crop Tour Feed Back

If you do the tour next year, we would be glad to participate again by providing fields for you to estimate yield!

From Tyler Paris- Paris Farms

Odds Stacked Against this Deal

ESPN News - Oakland Raiders select former Ohio State QB Terrelle Pryor in 3rd round of supplemental draft

Our Reply: Some people never learn that talent alone gets you nowhere! Al Davis and Terrelle Pryor are no exception!

Great Picture when corn is $7.00!