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Pat Hill
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Thursday 09/02/10
Another Giant Step in Cash Wheat Bids
More evidence of the strength of export demand, this time in the form of some big sales to Egypt, triggered increases in cash wheat prices Wednesday.
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Posted at 6:08AM CDT 09/02/10 by Pat Hill | 0 Comments |
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Wednesday 09/01/10
Here They Come
It's that time of the month -- pre-report production and yield estimates are popping up, ahead of USDA's September 10 crop production and supply and demand reports.
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Posted at 3:44PM CDT 09/01/10 by Pat Hill |
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Comments (6)
I talked to an Illinois farmer last night who told me his farm was estimated at 210 bu/acre corn. They got it harvested and it turned out at 140 bu/acre....Also too, here in Ontario we're in a drought, if its the same in the E Corn Belt, there will be obvious yield reductions. However, I drove from Detroit, to Chicago to Rockford through Wisconsin to Minneapolis recently and corn look better than 165 bu/acre. So I dunno, I'm still wondering where the corn went from last year!
Posted by Philip Shaw at 1:04PM CDT 09/01/10
I think the USDA numbers are to high for corn production. I farm in the southeast, where the corn crop matured early and we had above average temperatutures for June. The result was lower yeilds and I under stand some of the western states have suffered simler conditions.
Posted by ANDIE CRAVEN at 1:33PM CDT 09/01/10
The corn from last year never was. Low test wt, and very poor overall condition of the crop caused most farmers to liquidate stocks months ago when it was found that the corn would not keep in the bin in May. THis year's crop is not there either. I live and farm in Northern IL with close ties to Christian Co IL. I travel the state frequently for family reasons, and the Dekalb Co and the Sandwich area crops will not produce big bushels either. There is too much hype of 160+ averages - some small appelations will get a good crop, but test wts from last year's poor seed quality and low seed tests have infected this year's potential across the most prolific growing areas (central IL, IN, and IA). WIth IA and IL being the hardest hit. I had 16 inches of rain in two days in July, and then 88-92 degree heat. Killed any yield potential. Tip back - ears aborting the kernals at the top of the ear is everywhere in my fields. I know the crop will not reach 160 avg - NO way. I do not know much about the irrigated crops in NE or KS, but the normal growing areas where 200+ corn is grown - will barely make 150 at best. That does not average in well, and I see a 152-155 national average, hence leaving the estimated exports short close to a half-billion bushels. THe warm weather is also stealing bushels from us as mother nature dehydrates the crop hourly. One final thought - poor quality corn last year produced marginal seed for the 2010 crop. THe research might have been in the sead but the genetics did not hold up under the strain of last year's adverse weather. This year will also test the sturdiness of the genetics. I will be looking for seed that stood up under the stress. M
Posted by Michael Dechy at 2:17PM CDT 09/01/10
Our corn looks good but the heat from this summer seems to be affecting ear fill out so we will have to see.The beans are what we are seeing to be a real problem.SDS is a real issue here in Northern Ill. and the affected plants have few or no pods.Iowa seems to also be having major problems with SDS so why do yield estimates keep going up?
Posted by Bill Alber at 9:10PM CDT 09/01/10
what about the firm ?who got this right last year. what are they saying?
Posted by andy spaeth at 6:42AM CDT 09/02/10
Weather continues to be an issue in central Michigan as well. Mt Pleasant got 5 1/2 inches of rain in an hour or so a few weeks back yet 5 miles away got nothing. That has ben the story all year. Some got rain, some didn't. Those who did generally got it hard and fast. Much of hte corn is in the silo already and it tooks extra acres to do it. Beans are yellow and losing leaves every day. Lots of pods butr nothing in them. I would be surprised if yeilds are even near average for either. On the bright side, at least crops should dry down this year. Most corn came off in the upper 20's last year and test weight was very low. Lets hope the test weight goes up this year.
Posted by Dale Paisley at 9:18AM CDT 09/02/10
Quick Look in the Rearview Mirror
Ranges of some of the DTN cash indexes in August confirm the impression that HRW wheat was the wild one.
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Posted at 9:32AM CDT 09/01/10 by Pat Hill |
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Comments (1)
I'd rather be lucky than good some days...
Posted by Aaron R. Ritchie at 12:42PM CDT 09/01/10
Cash Indexes Fall Back
Merchandisers pulled bids for wheat and soybeans lower Tuesday, passing most of the board's losses on to farmers.
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Posted at 6:17AM CDT 09/01/10 by Pat Hill |
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Comments (1)
Reuters just moved a story re how much old corn is still on barges in the Gulf -- and that doesn't show up in the weekly USDA survey I mentioned in this blog. Story quotes analysts who say this big glut of old poor corn is clogging the system, weighing on export basis.
Posted by Pat Hill at 8:15AM CDT 09/01/10
Tuesday 08/31/10
Corn Yield Speculations, Early Maturity
Over half the producers responding to a DTN poll say their corn is likely to mature 2 weeks earlier than normal, and another 21 percent say it's a week early.
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Posted at 9:51AM CDT 08/31/10 by Pat Hill | 0 Comments |
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FF Survey Shows Increased Acres in 2011
Farmers intend to increase acreage of major crops next year, according to a survey conducted by Farm Futures Magazine, and released this morning at the start of the annual Farm Progress show.
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Posted at 8:13AM CDT 08/31/10 by Pat Hill |
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Comments (1)
There's @ 4.5 million acres CRP land set to expire Sept 30. While that may not be directly related to producer's plans to increase the main crops in FF's survey, the market is certainly sending the signal to increase acreage. I'd take the 'unders' on FF's 4 million increase in Winter wheat though... the incentive to increase HRW simply isn't what it was 30 days ago when the survey was taken
Posted by ken morrison at 9:14AM CDT 08/31/10
Cash Indexes Finish Mixed Monday
Cash wheat indexes gained more ground Monday on corn, and the soybean index fell back from the $10 mark.
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Posted at 6:10AM CDT 08/31/10 by Pat Hill | 0 Comments |
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Monday 08/30/10
Early Corn Yields Talk
And that's really all we have at this point -- talk. Depending on who is looking, it seems as if we are about to have a very great or a very disappointing corn harvest.
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Posted at 12:34PM CDT 08/30/10 by Pat Hill |
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Comments (1)
After a day or so on the fritz, the DTN Pulse is up and running again, and the subject is relevant to this blog, asking whether your corn crop is maturing early this year. Participate at http://bit.ly/7V4uu6
Posted by Pat Hill at 2:03PM CDT 08/30/10
Cash Beans, Wheat Gain on Corn
Cash corn bids finished up last week right where they'd started, while bids for soybeans and wheat showed some gains.
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Posted at 6:09AM CDT 08/30/10 by Pat Hill | 0 Comments |
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Friday 08/27/10
NASS Surveyors at Work
Enumerators -- the people who are contracted to trek into corn and soybean fields to take measurements for the monthly objective yield surveys for NASS -- are out in force now.
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Posted at 2:52PM CDT 08/27/10 by Pat Hill | 0 Comments |
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Cash Indexes Advance
Merchandisers raised bids for cash corn, soybeans and wheat Thursday, mostly matching advances in futures.
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Posted at 6:12AM CDT 08/27/10 by Pat Hill | 0 Comments |
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Thursday 08/26/10
Agribiz Positive Outlook Confirmed
Agribusiness leaders report positive conditions for their companies now, and a majority expect even better conditions 12 months from now.
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Posted at 10:58AM CDT 08/26/10 by Pat Hill | 0 Comments |
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IGC Cuts Wheat Forecasts, Raises Corn Trade
New forecasts from the International Grains Council reflect what we've been reading about the impact of Russia's drought onworld wheat production.
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Posted at 8:26AM CDT 08/26/10 by Pat Hill | 0 Comments |
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Elevators Pull Cash Wheat Bids Lower
Buffered a little by another 1- to 3-cent stronger basis, the DTN cash wheat indexes were down another 13 to 26 cents Wednesday.
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Posted at 6:16AM CDT 08/26/10 by Pat Hill | 0 Comments |
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Wednesday 08/25/10
Storage Issues, Again or Already
Will we ever be finished talking about last year's corn crop? There's still a lot of it clogging storage, and that could have some interesting consequences as combines start rolling this fall.
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Posted at 2:24PM CDT 08/25/10 by Pat Hill | 0 Comments |
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