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Local Cash Bids
SLOAN   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
BLENCOE   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
ONAWA   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
PIERSON   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
CORRECTIONVILLE   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
WASHTA   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
HORNICK   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
WHITING   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
MAPLETON   Cash Basis  
 CORN  Jul 31, 09  
 SOYBEANS  Jul 31, 09  
AGP DIRECT SHIP   Cash Basis  
 SOYBEANS  Jul 31, 09  
Price as of 07/02/09 10:31PM CDT.
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DTN Ag Headline News
Ask the Taxman by Andy Biebl
Aphid Prospects for 2009
Midsummer Weather ...
Animal ID Meetings ...
Newsom on the Market
Midsummer Weather ...
View From the Cab
USDA Hikes Corn and ...
Midsummer Weather ...

 
 

July 3, 2009 
Have a Happy 4th of July
 
Celebrate wisely and always “THINK SAFETY FIRST”
 
Grain
A huge surprise in Tuesday’s USDA acreage report pushed an already struggling corn market sharply lower. Their planted corn acreage of 87.035 million acres was 2 million above the March 31st estimate when most traders felt we would be down close to 1 million acres because of the wet cold spring. The bean acres also increased from the March estimate by 1.4 million acres even though most had expected close to a 2 million acres increase. Add in one million more wheat acres and USDA essentially “found” 4.5 million crop acres since March. A trend line corn yield will essentially guarantee adequate corn supply through 2010. More pressure was applied to the corn market by a larger than expected grain stocks number, possibly signaling slower feed usage as well as 2% increase in the good to excellent rating for this year’ corn condition. Soybeans continued to be supported by tight old crop soybean supplies. Most expect our 2009 carryout to fall below 100 million when the USDA issues its Supply Demand Report on July 10th. This years’ soybean crop condition also showed some improvement from last week. In the next few weeks look for weather forecasts to influence corn price movement while the tight cash soybean supply will support soybean market.
Agronomy News
Reports from area fields are yielding some pretty evident conditions. Fields treated with a pre-emerge herbicide are in better shape that those that weren’t. We still have good “weed killing” opportunities but bushels will likely be lost in fields that were not treated with a pre-emerge herbicide. Today’s glyphosate rates would be much lower on fields that had early treatment done compared to untreated fields that fell victim to weather conditions and the inability to treat in a more timely manner. Tall weeds require higher rates of glyphosate to control and control cost plus yields lost by weed competition mean financial loss for farmers. Although weed management is a risk when weather conditions are a concern we still feel early season preplant herbicide application is the most profitable option. Considering early residual herbicide treatment for your 2010 crop would be a wise financial choice.
 
Scout soybean fields now for potential insect problems. Timely insecticide applications are critical to successfully manage these insects and minimize the likelihood of economic damage occurring
 
Your Western Iowa Coop Agronomists are available daily to help you manage all your weed and insect concerns. Call or stop by today and let us help.
 
Heads up from Dave – Western Iowa Coop 2009 Agronomy Intern from the Mapleton location
Potato leaf hoppers and aphids are starting to appear in bean fields.  Keep a close eye on their numbers and don’t wait too long to get them sprayed.  Also, start checking alfalfa fields for potato leaf hoppers as well.
Petroleum
Volatility continues in the energy markets even though we remain in a relatively wide trading range. Crude oil supplies continue to shrink slightly but remain well above average. However the smaller crude inventory is offset by increasing inventories in gasoline and especially distillates as demand continues to be slower than normal. The slower gasoline demand seems to indicate that people are driving less even though gasoline prices are $1.50 below year ago levels. The slower diesel demand continues to signal a slow economy as both truck and rail freight remains a lot lower than pre recession levels. Seasonally we are both gasoline and diesel prices weaker July through August, barring any geopolitical or hurricane threats.
 
Our winter booking program has begun for propane users and the good news is that LP prices are down close to 60% from last years levels.
 
Click on “Petroleum News” for your WIC weekly petroleum updates.
Read more petroleum news from EIA – http://tonto.eia.doe.gov/oog/info/twip/twip.asp
Western Iowa Coop is currently serving an area from Northern Sioux City to Quimby, Quimby to Soldier to Mondamin and all points within this area. 
 
 

Did You Know?

In 1830 Massachusetts became the first state to perform a soil survey


Fact courtesy of the USDA


 
News/Meetings/Events

Attn Customers:  ALL WESTERN IOWA COOP LOCATIONS WILL BE CLOSED FRIDAY JULY 3rd FOR THE 4th OF JULY HOLIDAY.
 


WIC Highlights
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Local Conditions
Hornick, IA
Chg Zip Code: 
Temp: 71oF Feels Like: 76oF
Humid: 61% Dew Pt: 57oF
Barom: 30.05 Wind Dir: N
Cond: Clear Wind Spd: 0 mph
Sunrise: 5:53 Sunset: 9:06
As reported at SIOUX CITY, IA at 10:00 PM
 
Local Radar
Hornick, IA
Radar
 
Local Forecast
Hornick, IA

Friday

Saturday

Sunday
Hi: 77oF
Lo: 62oF
Hi: 77oF
Lo: 63oF
Hi: 81oF
Lo: 63oF
View complete Local Weather
 
DTN Weather Summary
Rains in Northern Plains Friday
Bryce Anderson (Bio)
DTN Meteorologist

Friday will feature thunderstorms with light to moderate rain in the Northern Plains. This unsettled weather pattern will continue into the Independence Day holiday Saturday over the northern and western Plains through western Midwest. » More DTN Weather Commentary

Posted at 1:32PM
Thu Jul 2, 2009 CDT

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