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Western Iowa Co-op is committed to helping with the on-going success of our patron's operations by doing what it takes to compete in today's global marketplace. We are poised for the future and will continue to move forward to meet the demands of today's rapidly changing agriculture to better serve our owners and patrons.  
 

Local Cash Bids
SLOAN   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
BLENCOE   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
ONAWA   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
PIERSON   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
CORRECTIONVILLE   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
WASHTA   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
HORNICK   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
WHITING   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
MAPLETON   Delivery   Cash   Basis    
  CORN      Chart May 31, 12      
  SOYBEANS      Chart May 31, 12      
AGP DIRECT SHIP   Delivery   Cash   Basis    
  SOYBEANS      Chart May 31, 12      
Price as of 05/18/12 04:24PM CDT.
Click to view more Grain - Cash Bids

My LDP
 
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County LDP
USDA has adjusted the calculations of LDP data.
Click here for more information.

DTN Ag Headline News
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Get Serious About Scouting
DTN Ag Business Benchmark
Kub's Den
View From the Cab
LightSquared Files ...


  May 18, 2012
 
Most agricultural chemicals are hazardous and can cause injury or harm your health if not handled and used correctly. Chemicals commonly used on the farm include fertilizers, pesticides and herbicides. Please read product labels, handle these products correctly and dispose of containers properly and Always “Think Safety First”.
 
Grain
Well, we go from the long liquidation mode last week to a corn rally this week.  The market rally is driven by a strong cash market.  Many traders feel that USDA’s carryout number of 800 million is too high, maybe as much as 100 million bushels, due to an expected increase in exports.  Soybeans worked higher this week as well for many of the same reasons.  Overseas demand has been driven to the US as a result of the short South America crop, which could also reduce our projected carryout as well.  87% of the corn was in the ground as of last Sunday compared to 66% average.  Beans were 46% planted vs. an average of 24%.  This week’s dry weather should pretty much wind the corn planting up and boost the bean planting as well.  Next Monday USDA will issue its first crop condition report for the corn. Look for the market to keep a close eye on the weather as we are hearing talk of the dry weather concerns through out the market.
Agronomy
Scouting for Insects will be essential for 2012. With the mild winter and early summer like temperatures we experienced in March conditions were ideal to support potentially large insect populations this year.  There is no guarantee that we’ll have heavy insect pressure this year, but when you take into account the mild winter temperature conditions insects definitely over-wintered better than usual.  In addition the warm winter and early spring conditions also allowed winter annual weeds to flourish in many areas.  These weeds are very attractive to egg-laying moths like the black cutworm as well as other insects.   This being said we encourage growers to watch for early weed and insect activity and call your nearest Western Iowa Coop location agronomist and let them help you treat your crop with the product best suited for your crop issue.
 
Keep in mind that herbicide application restrictions exist for several reasons, but the most important is the fact that crop injury is more likely to occur if applications are made outside a specified growth stage or range.
 
Contact your nearest Western Iowa Coop location agronomist today and let one of them help you herbicide questions.
 
Western Iowa Coop welcomes 3 new summer college interns this year.
Jeremy Dahl is from Sloan and is a graduate of Westwood Co School.  Jeremy will be a senior at Iowa State University and is majoring in Agronomy with a minor in Biology.
Cody Neill is from Mondamin and a graduate of West Harrison Co. School.  Cody graduated for Iowa State University this spring with a degree in Agronomy and is actively seeking a full time position.
Jenna Braun is from Salix and a graduate of Westwood Co School.  Jenna will be a senior at South Dakota State and is majoring in Agronomy with a business minor.  
Watch for a Heads Up from our interns beginning next week as they report on their weekly crop findings. We will also be sending text messages for any urgent crop findings this year.
Petroleum
All good news for consumers this week!  2011 crude oil inventories reached a then record high of 41.9 million barrels in early April and then declined slowly for the rest of the year.  This year, unlike last year, inventories have increased steadily into early May despite Midwest refineries running at record levels.  Based on EIA monthly data Midwest crude production in 2012 for the period is more than 35% higher than during the same period of 2011. U.S. average gasoline prices decreased 4 cents this week making the price per gallon average 21 cents per gallon lower than on average last year. National average diesel fuel price decreased more than 5 cents this week making the price average 6 cents per gallon lower than this time a year ago. Propane inventories grew again past week leaving inventories 73% higher than a year ago.
 
Click on “This Week in Energy” for more current energy news.  http://www.eia.gov/oog/info/twip/twip.asp
 
Be sure to click on the “Petroleum News” section of our web page for current petroleum prices and the NEW addition of daily futures contract prices. We are here to serve you and help you economically meet all your petroleum needs.
 


News/Meetings/Events

News from Western Iowa Coop - Be sure to click on "Agronomy HOT TIPS" at the top of the web page for seasonal updates from your agronomy department 

Call Kurt Ross @ 712-874-3211 before you plan to pick up loads of 32% at Terra.  Product is on allocation only.


WESTERN IOWA
COOPERATIVE WILL NOW BE ACCEPTING PRICE LATER CORN AND SOYBEANS AT THEIR LOCATIONS AS SPACE IS AVAILABLE. WITH NO SERVICE CHARGE THROUGH  AUGUST 31, 2012.
. CHECK WITH YOUR LOCATION FOR AVAILABILITY BEFORE DELIVERY
. PRICE LATER GRAIN MUST BE PRICED AT THE SPOT BID NOT DEFERRED DELIVERY
. FUTURE DELIVERY CONTRACTS CANNOT BE APPLIED TO FREE PRICE LATER
. PRICE LATER CONTRACT MUST BE SIGNED BY PRODUCER.
. DIRECT SHIP GRAIN DOES NOT APPLY AT THIS TIME.

Has your email address changed lately or will you be changing carriers?  Be sure to call the office and let us know so there is no interuptions in news letter or cash bid receipts.


Local Conditions
Hornick, IA
Chg Zip Code: 
Temp: 93oF Feels Like: 93oF
Humid: 24% Dew Pt: 51oF
Barom: 29.64 Wind Dir: S
Cond: N/A Wind Spd: 32 mph
Sunrise: 6:00 Sunset: 8:43
As reported at SIOUX CITY, IA at 4:00 PM
 
Local Radar
Hornick, IA
Radar
 
Local Forecast
Hornick, IA

Friday

Saturday

Sunday
Hi: 92°F
Lo: 65°F
Precip:
0%
Hi: 85°F
Lo: 66°F
Precip:
77%
Hi: 72°F
Lo: 54°F
Precip:
74%
View complete Local Weather
 
DTN Weather Summary
Rain Saturday in North Plains, Midwest
Bryce Anderson (Bio)
DTN Meteorologist

Saturday will feature light rain in the western through Northern Plains and the northwestern Midwest. » More DTN Weather Commentary

Posted at 2:58PM
Fri May 18, 2012 CDT

Did You Know?

In 1900 the total United States population was 75,994,266
Farm population was 29,414,000 (estimated)
Farmers made up 38% of the labor force
Number of farms: 5,740,000
Average farm size (acres): 147


Fact courtesy of the USDA


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