Thursday, August 22, 2013

more pro farmer crop tour tweets

here are more pro farmer crop tour tweets



  2. 2m
    As we work our way to the center of the state moisture starts lacking. Nitrogen deficiency. Yields showing it. 140s-160s BPA
    from Minnesota, US Collapse
  3. 4m
    finding good yields so bulls changing subject to planted acres.
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    1. 5m
      Our agronomists found stalk rot in in southeast Nebraska.
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      8:24 AM - 22 Aug 13 · Details
      Jeremey Frost
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    1. 7m
      Sample Faribault County MN, 147 bpa.
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      8:22 AM - 22 Aug 13 · Details
      Jeremey Frost
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  6. 8m
    Our scout reports Minnesota corn yld at 175.6 bpa on 9 samples; 829 soy pods vs 906 pods last yr
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  7. 8m
    Corn and soybeans fall as yields boost harvest outlook (via ):
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  8. 9m
    Nitrogen deficiency again but seeing consistent yield numbers so far. Around 170 avg after 4 stops.
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  9. 10m
    what about oats?
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  10. 11m
    Western counties of Minnesota looked to of had adequate moisture... yields in the 180-200s BPA.
    from Minnesota, US Collapse
  11. 12m
    Will be doing yield checks on the radishes today?
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  12. 12m
    Getting into some rain and blown over and in Delaware Co, Iowa. -Ty
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  13. 13m
    Getting into some rain and blown over and in Delaware Co, Iowa.
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  14. 17m
    RT Too much ethanol ": 16 kernel row on top, 20 on bottom. Go home corn, you're drunk! "
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  15. 18m
    Crop dusters are out this morning!
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  16. 28m
    16 kernel row on top, 20 on bottom. Go home corn, you're drunk!
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  17. 29m
    Faribault Co, MN 2nd stop. Very immature corn. Needs time. Beans must be replant. Moisture not an issue.Corn-98.5 Pod count-175
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  18. 35m
    Little drops of rain whisper of the pain...159 on last field of corn 1062 bean pod count
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    1. 35m
      Tip of the hat to Warren County Iowa Corn, can we throwback Thursday to ?
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      7:54 AM - 22 Aug 13from Iowa, US · Details
      Jeremey Frost
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  20. 36m
    Brian Grete talks about the Illinois corn crop and the final day of the tour. LISTEN:
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  21. 39m
    Be nice if you could tell us corn stage when posting yield estimates, makes a big deal on the potential at this point in MN
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  22. 40m
    Straight east of Waterloo
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  23. 44m
    My driver '. "I'm sorry; I'm figuring out this wiper situation here." This all new to us.
    from Westburg, IA Collapse
  24. 45m
    Our first blisters near Tama.
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  25. 47m
    Ask and you shall receive. Light rain around Dysart IA
    from Clark, IA Collapse
  26. 50m
    and Morgan Fitch filming for Saturday mornings show on US Farm Report
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  27. 51m
    @hedgit_jhof: Average of 3 field to the Northeast of Cedar Rapids, IA for corn this morning is 192 bpa.
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Opening Grain Market Comments 8-22-13

Markets are called weaker this morning behind a weaker overnight session.

In the overnight session old crop corn was down 2, new crop was down 5 cents, KC wheat was 2-4 cents lower, MPLS wheat was off 4 cents, CBOT wheat was down 4, and soybeans were down 13 in the Nov contract.  At 8:00 outside markets have crude about unchanged, the US dollar firmer by 300 ticks or so with the cash index at 81.52, gold is up 5 bucks, and the DOW futures are pointing towards a positive start of about 50 points.

Weakness in the overnight session seemed to come from a radar showing some moisture in parts of Iowa, Nebraska, Illinois, Wisconsin, and MN.  It doesn’t look very wide spread; but I did see some areas on http://www.cocorahs.org/ showing up with ½ inch to as much as about 1 ½ inches.  A little late?  Or just in time?  Either way probably doesn’t matter as the main headline that the funds will see is some moisture in some areas that could really use it.  Sure plenty more areas still need plenty more moisture but keep in mind that the funds tend to trade perception more than reality.

We did have export sales out this a.m.  Wheat came in at 18 million bushels which was in line with the market expectations and above what we need on a per week basis.  Total commitments are up 40% from last year; but some in the industry question if we can hit the 14.9 million bushels per week that we need with solid exports expected out of the Black Sea region.  One important thing for wheat sales is the fact that the trend the past few weeks has slowed dramatically over the past couple of months.  In early June into July we had several weeks of 20-30 million bushels with one week over 35 million and another over 50 million.

Soybeans sales and soybean commitments year to date are good for new crop soybeans.  Coming in at 34 million and 692 for the upcoming year; but the sales today were well below the market expectations.  The market had expected 1.35-2.00 MMT this week; but we only came in at 926k tones or 34 million bushels.  Old crop sales for beans were 800,000 bushels.

Corn sales were also disappointing.  Old crop at 2.3 million bushels and new crop of 17.1 million bushels.  Combined sales of 493k tones were below market estimates of 550-750k tones. 

For more info on the exports you can check out CHS Hedging export sales recap.  http://chshedging.com/UserFiles/Documents/2013/Export%20Sales/export%20sales082213.pdf

The other news to watch is more pro farmer crop tour.  The thing to keep in mind on this is the variance potential in the sampling methods.  Don’t get me wrong it is very good info; but it shouldn’t be as accurate as the USDA.

Please give us a call if there is anything we can do for you.





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Tuesday, August 20, 2013

Pro Farmer Crop Tour Tweets

Here are some Pro Farmer Crop Tour Tweets

Read more »
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Opening Grain Market Comments 8-20-2013

Markets are called mixed to weaker this a.m. behind a mixed to weaker overnight session.

In the overnight session corn was down 6 cents, KC wheat was down 1, MPLS wheat was unchanged, CBOT wheat was down 5 cents, and soybeans were down 10-12 cents.  At 8:10 outside markets have the US Dollar weaker by 300 ticks or so with the cash index at 80.92, gold is unchanged, crude is down 1.50, and the DOW futures are pointing towards a positive start of about 15 points.

Looks like a little correct after yesterdays very strong day in the row crops.  The strength came from hot and dry weather forecasts, along with some short covering in the corn market.  Some are questioning if we have over done things to the upside; in particular soybeans.  That tends to happen in weather markets and markets in general were the funds are involved.  Keep in mind just a few short weeks ago most of the market had threw in the towel for soybeans; with some thinking that we might be headed for single digits.  Now many are starting to talk about $14 and $15 soybeans…… perhaps using a little caution as everyone is getting bulled up is warranted.

We did have crop conditions out yesterday afternoon and they showed a decline in conditions; maybe a high more than expected.  Here is the CHS Hedging Recap of the conditions

https://www.chshedging.com/UserFiles/Documents/2013/Research/USDA%20Crop%20Progress/Crop%20Progress081913.pdf

Stats Canada will have numbers out tomorrow.  The market is looking for increases versus last year for both canola and wheat.

The other big news hitting the wires yesterday was the Pro Farmer Crop Tour.  Day 1 of the tour saw Ohio corn yield at 171.6 bu/acre versus the last USDA estimate of 172 bu/acre.  Last years the tour put Ohio at 110.5 but the actual Ohio yield came in at 123.  Over the last 3 years the tour has been about 4 bu under the USDA for OH.

For South Dakota the tour had 161.8 bu/acre, over the last 3 years the tour has averaged about 3-4 bushels under the actual USDA numbers.

For soybeans the Pro Farmer Crop tour put the average soybean pod count in a 3’ x 3’ area in OH at 1284 versus the 3 year average of 1163; while South Dakota had an average bean count of 1,015 versus the average of 984.

Sorry that comments have been hit and miss and short lately; but things have been very busy lately with wheat harvest and producer marketing in general. 

Please give us a call if there is anything we can do for you.


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