Markets Close

January 12, 2015 Leave a comment


Markets upon close 1/12/15

Mar Corn +1 ¾ @ 4.02

Mar Beans -36 ¼ @ 10.16

 

CORN

 

USDA estimated 2014’s corn production at 14.216 billion bushels, down 191

million bushels from its November estimate. Farmers harvested 83.1 million

acres with a record national average yield of 171 bushels per acre. That’s 2.4

bpa lower than USDA’s November estimate.

 

Corn stocks as of December 1, at 11.2 billion bushels, are 7% higher than

during the same period the year prior, USDA said in its quarterly Grain Stocks

report. Of total stocks, 7.09 bb are stored on farm, up 11% from last year. The

remainder, 4.12 bb, is stored in off-farm locations. Disappearance from

September to November 2014 indicated demand of 4.25 bb, compared to 4.29 bb the

prior year.

 

USDA’s WASDE report put corn ending stocks for the 2014-15 marketing year at

1.877 bb, down 121 mb from USDA’s December estimate of 1.998 bb. After USDA

incorporated the revised production estimate, it trimmed 100 mb from feed and

residual demand and added 25 mb of demand for ethanol and food, seed, and

industrial use. USDA said the extra corn use for ethanol was to offset a

decline in sorghum use for ethanol. The ending stocks-to-use ratio came in at

13.8% compared to 14.6% in December.

 

Globally, USDA pegged ending stocks 189.15 million metric tons, down a

little more than 3 mmt from last month on the decline in U.S. production. USDA

left Brazil, Argentina and China’s corn production forecasts unchanged. USDA

anticipates that China will import 2 mmt of corn, down from 3.28 mmt last year.

 

The global stocks-to-use ration came in at 19.5% compared to 19.8% last

month.

 

SOYBEANS

 

Farmers produced 3.969 billion bushels of soybeans, USDA said in its Annual

Crop Production report. It’s nearly identical with the average pre-report

estimate but slightly higher than the November forecast. USDA said farmers

harvested 83.1 million acres, a record, with a national average yield of 47.8

bpa, which is 0.3 bpa higher than the previous estimate and also a record. USDA

may update the soybean production figure in its September 2015 quarterly stocks

report.

 

There are 2.52 bb in storage, up 17% from a year earlier, according to the

Grain Stocks report. Farmers are holding 1.22 bb on farm, up 28% from the

previous year, while 1.31 bb are stored in off-farm locations. Disappearance

for September through November totaled 1.54 bb, up 14% from the same period a

year earlier.

 

The WASDE report left ending stocks unchanged at 410 mb. USDA incorporated

the slightly larger production estimate, which was offset by a 10 mb increase

in exports and 1 mb increase in residual use. The stocks-to-use ratio was

unchanged at 11.2%.

 

Globally, USDA increased its forecast for soybean ending stocks by 0.91 mmt

to 90.8 mmt. It estimates Brazil’s production at 95.5 mmt, up 1.5 mmt from

December, and Argentina’s production at 55 mmt, unchanged from December. Global

ending stocks-to-use grew to 31.7% from last month’s 31.4%.

 

 

 

 

January 12th Pre-Report Table
Quarterly Stocks
Dec 1 Average Estimate Estimate Range Sep 1 Stocks Dec 1 ’13
Stocks Stocks
Corn 11.203 11.123 10.820-11.325 1.236 10.453
Soybeans 2.524 2.590 2.400-2.742 0.092 2.154
Wheat 1.525 1.499 1.400-1.585 1.914 1.475
2014/15 US Production
USDA Average Estimate Estimate Range USDA    Nov ’14
January
Corn 14.216 14.349 14.171-14.554 14.407
    Yield 171.0 173.3 171.3-174.3 173.4
Soybeans 3.969 3.956 3.844-4.020 3.958
    Yield 47.8 47.6 46.8-48.2 47.5
2014/15 US Ending Stocks
USDA Average Estimate Estimate Range USDA     Dec ’14
January
Corn 1.877 1.927 1.710-2.081 1.998
Soybeans 0.410 0.393 0.355-0.452 0.410
Wheat 0.687 0.666 0.636-0.699 0.654
2014/15 World Ending Stocks
USDA Average Estimate Estimate Range USDA     Dec ’14
January
Corn 189.150 191.19 186.50-193.00 192.20
Soybeans 90.780 89.35 87.40-90.55 89.87
Wheat 196.000 194.33 190.90-196.00 194.90
Stocks, Production, Carryout numbers in bil bu.   Acres in millions.   Source: Rueters
US numbers in bil bu.  World numbers in million metric tons.   Source: Rueters
Compiled by Thomas Meierotto, RJO’Brien-Iowa Office, tmeierotto@rjobrien.com

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

 

 

 

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

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Market Grain Report

January 12, 2015 Leave a comment


Today the market has some negativity, funds are long and likely taking some profits prior to the USDA report at 11am.

 

Moving into the report the bulls are looking for opportunity.  We may see harvested acres adjusted downward.  1st quarter demand looks to be strong, but with a record crop year we may see some substantial stocks numbers to offset this.  It will be interesting to see where we land.

 

Strategy would be to enter in an offer, shoot for the sky.  You just never know the volatility this report can bring.  Report info to follow.

 

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com

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Happenings at Oakland Heights

January 12, 2015 Leave a comment


Oakland Heights News

By Nancy Silvey Activity Director

Happy New Year to everyone. Next week on Thursday January 15th is our Monthly Waffle Supper at 5:30 pm. On Saturday January 17th at 2:30 pm the Rusty Buckets will be here to perform also on Saturday is the staff Christmas party at the Golf Club, dinner at 7:00 pm. We would like to wish Tom Tibbels a Happy Birthday he celebrates his birthday on January 14th.

On Tuesday January 13th is Catholic Mass with Father Paul.

Activities for the week of January 12th   to January 17th are as followed, Reading with Marilyn, Manicures, Sing A Long, Bingo w/WOW, Show and Share, Bible fellowship, Crafty cooking, Friday Bingo, Let’s Play Ball, Saturday morning movie, and Lawrence Welk.

Volunteers signing in last week were; Judy Nelson, Betty Hanna, Mary Donovan, Dani Moseman, Anne Anderson, Patty Miller, and Donna Baldwin.

 

 

 

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Doris E. Metzler, 93, of Tekamah NE

January 12, 2015 Leave a comment


DORIS E. METZLER, 93 years, of Tekamah, Nebraska, passed away Monday, January 12, 2015, at the Golden Living Center in Tekamah.

MEMORIAL GRAVESIDE SERVICE: Thursday, January 15, 2015, 11:00 am, Tekamah Cemetery, with a luncheon to follow at the Chatt Center in Tekamah.

NO VISITATION

BURIAL: Tekamah Cemetery

MEMORIALS: To the family

Please feel free to send your condolences to the family.
Each condolence will be printed and given to the family after the service.

pelan@pelanfuneralservices.com

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Russell R. Puffer, 78, of Herman NE

January 12, 2015 Leave a comment


RUSSELL R. PUFFER was born July 17, 1936, in Tekamah, Nebraska to Linton and Blanche (Peck) Puffer. He passed away Friday, January 9, 2015, at the age of 78 at CHI Health Immanuel in Omaha, Nebraska, while surrounded by family and friends.

Russell spent his childhood growing up on the farm in the Tekamah area. He attended school in Tekamah. After finishing school, he worked for area farmers in Tekamah.

In May 1967, Russell married Wanda Anderson. They moved to Gothenburg, Nebraska, where Russell worked for the State of Nebraska Department of Roads. In 1977, they moved back to Craig, Nebraska, and made their home. To this union three children were born; Kent, Amy and Wesley. While residing in Craig, Russell worked for the City of Craig for many years.

September 9, 2000, Russell and Phyllis were united in marriage. They spent their retirement years together in Herman, Nebraska.

Russell enjoyed collecting hats and license plates, having both of them hung in the garage, where he spent a lot of time. Russell took great pride in the appearance of the Craig Cemetery. He always enjoyed being there, and researching each gravestone. Russell and Phyllis gathered all of the information to make a new cemetery directory.

He was preceded in death by his parents; brothers and sisters-in-law, Linton and Ruth Puffer, Marion and Phyllis Puffer.

He is survived by his wife, Phyllis, of Herman; children, Kent (Brooke) Puffer of Overton, NE, Amy (Jarvis) Guill, of Oakland, NE, Wes Puffer, of Cheyenne, WY; adopted daughter, Dori Lee, of Omaha; sister, Rosemand (Jim) Sell, of Mondamin, IA; stepdaughters, Kim (Fred) Wesley, of Blair, NE, Tanis (Scott) Tucker, of Springfield, MO, Mary (Harry) Beatty, of Holley, FL; four grandchildren, Connor and Corbin Guill, Haylee Puffer, Dawsen Puffer; step-grandchildren; nieces; nephews; a host of friends.

PRIVATE FAMILY FUNERAL SERVICE

VISITATION: Tuesday, January 13, 2015, 4-8 pm with family receiving friends from 6-8 pm at Pelan Funeral Home in Tekamah, Nebraska

BURIAL: Tekamah Cemetery, Tekamah

MEMORIALS: To the family

Please feel free to send your condolences to the family.
Each condolence will be printed and given to the family after the service.

pelan@pelanfuneralservices.com

Russell Puffer

Russell Puffer

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John Falatko, 85, of Bancroft NE

January 11, 2015 Leave a comment


John Falatko, 85, of Bancroft, Nebraska died on Sunday, January 11, 2015 at the Pender Community Hospital in Pender, Nebraska.

Memorial services for John are pending at this time with Munderloh – Smith Funeral Home of Bancroft.

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Russell R. Puffer, 78, of Herman NE

January 10, 2015 Leave a comment


RUSSELL R. PUFFER, 78 years, of Herman, Nebraska, passed away Friday, January 9, 2015, at CHI Health Immanuel, in Omaha, Nebraska.

PRIVATE FAMILY FUNERAL SERVICE

VISITATION: Tuesday, January 13, 2015, 4-8 pm with family receiving friends from 6-8 pm at Pelan Funeral Home in Tekamah, Nebraska

BURIAL: Tekamah Cemetery, Tekamah

MEMORIALS: To the family

Please feel free to send your condolences to the family.
Each condolence will be printed and given to the family after the service.

pelan@pelanfuneralservices.com

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Russell R. Puffer, 78, of Herman NE

January 10, 2015 Leave a comment


RUSSELL R. PUFFER, 78 years, of Herman, Nebraska, passed away Friday, January 9, 2015, at CHI Health Immanuel, in Omaha, Nebraska.

FUNERAL SERVICE: Services are pending with Pelan Funeral Services Tekamah.

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Governor Ricketts Comments on Keystone XL Decision

January 9, 2015 Leave a comment


Lincoln – This morning, Governor Pete Ricketts issued the following statement after the Nebraska Supreme Court announced their decision to uphold the state law used to route Keystone XL through Nebraska:

 

“Today’s decision by the Nebraska Supreme Court clears the way for approval of the construction of the Keystone XL pipeline. It has been demonstrated that it will be the safest pipeline ever built and that it will bring good-paying jobs and property tax revenue to Nebraska’s counties. I urge Congress and President Obama to move swiftly to give final approval to this important project.”

 

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Don’t Let it Go!

January 9, 2015 Leave a comment


Don’t let your opportunity to attend the “Frozen” 4-H achievement event go without at least putting up a good snowball fight! This fun and rewarding event is this Sunday, January 11 at the Oakland Auditorium, but we need to hear from you by Friday, January 9 so we have enough pizza! Call the Extension office (374-2929) to let us know how many from your family are planning to attend.

The afternoon will begin at 4:00 p.m. with FROZEN Fun Family Activities! We’ll have a snowman building contest (inside), have “snowball fights” and a multitude of frozen fun activities. At 4:45 we will give out 4-H Member & Leader Awards followed by a 5:30 pizza dinner. Everyone is invited to attend and a list of 4-H members and leaders who will be receiving awards went out with the 4-H newsletter. If you and your family would like to check out the Burt County 4-H program, please plan to attend, we’d love to have you join in on the fun.

 

Burt County 4-H FFA Market Beef Weigh Day

Saturday, January 24 is the date for the Burt County Market Beef weighing. Johnnie Johnson will again host the event in his HEATED barn area on the farm at 1340 County Road E, Craig, NE. Weighing will be done from 8:30-11:00 a.m. DNA sampling will again be done again if you wish to show at State Fair and/or Ak-Sar-Ben. The cost will be $6.00 per sample. Ak-Sar-Ben exhibitors will have the opportunity to show their market animal in a “Breed” class as specified in the premium book. When DNA is being collected this breed information needs to be documented on the DNA envelope. This should go on the line that has “Calving Date” under it. This information is only needed if the exhibitor is interested in showing their animal in a breed class.

If you cannot make the Burt County Weigh Day please call the Extension Office at 402-374-2929 to find alternate dates in other counties.

 

Burt County Fair Foundation Kickoff Event

The Burt County Fair Foundation will again host a Fair Kickoff/Fundraiser Event using the theme “Forever in Blue Jeans.” The event will be Saturday, February 28 and it will be held in the Tekamah Auditorium. Tickets are now on sale at the Extension office in Burt County and many local banks! Get yours now so you don’t miss out on the fun!

 

Auction Items Needed for Silent Auction

4-H Clubs, 4-H members and anyone else is invited to contribute items for the Burt County Fair Foundation Kickoff’s Silent Auction on February 28th. Check your treasury, take up a collection, or just see what you’d like to make or contribute!

If you’re a budding entrepreneur or an established business this could be a great way to get your business noticed by people across the county.

Gift certificates, craft items, business vouchers, you name it and it can be donated. If you need ideas or you have a larger valued item to donate for the live auction you can contact Burt County Fair Foundation President, Jason Penke at 402-377-1657 or Mary Loftis at the Extension Office at 402-374-2929 for more information or to drop off an item.

 

 

Mary Loftis,

Extension Assistant
UNL Extension – Burt County
111 North 13th Street, Suite 6
Tekamah, NE 68061
Phone: (402) 374-2929

Fax: (402) 374-2930

Internet: mloftis2@unl.edu

Mary Loftis

Mary Loftis

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