Wednesday, May 30, 2012
Greeting from the war room @ RUC!
I hope everyone had a great Memorial Day weekend! Our area was “blessed with an inch of rain. (Some a little more, some a little less). It was welcomed! Now if we could just get some spraying done.
Congrats to our Controller/HR Director, Jenny Skold for being named to the Land O’ Lakes Human Resource Council. The Land O’Lakes HR Council is a professional insights and networking group for HR leaders of member cooperatives. Membership is diverse, drawing HR leaders who have varied backgrounds and perform a variety of roles for their businesses and who represent co-ops large-to-small from across the country. Jenny has been with RUC since June of 2011.
It got cold last night! Report of scattered frost in our area, with temps hovering around the freezing mark. Hopefully we dodged the bullet.
Tuesday, USDA came out with their weekly progress/crop condition report. As of Sunday, the corn crop is @ 72% good/excellent a drop of 5% from last week. Last year it was 63% g/e. In North Dakota corn ratings was 87% G/E, a drop of 1%.
Winter wheat condition in the good/excellent rating decreased another 4% from last week to 54% and vs. last year @ 33% Winter Wheat is 9% harvested which compares to 1% last year. Texas is 27% complete while Oklahoma is 41% done. Kansa harvest has started @ 4% complete. So far, yields & quality have been good.
Ratings for spring wheat are at 79%, an improvement of 5% from last week. North Dakota’s good/excellent remained @ 87%.
Soybeans are 89% seeded compared to 48% last year & 5-year avg of 61%. In North Dakota, 94% of the soybeans are seeded vs. 23 last year.
Oil World has cut its estimate of Argentina’s soybean crop another 500,000 tons, to 40.5 million tons. This is two million tons below USDA’s current estimate of the Argentine bean crop. Agroconsult has raised its estimate of Brazil’s soybean crop 900,000 tons, to 66.7 million tons. That’s almost two million tons above USDA’s current estimate of 65 million.
Private estimates point toward a record soybean crop next year in Brazil. Both Agroconsult and Celeres expect farmers to respond to high soybean prices by increasing soybean acreage this fall, at the expense of corn and cotton. Agroconsult projects soybean acreage could increase as much as 2.3 million hectares, producing a crop over 80 million tons. Celeres expects a one million hectare increase in planted acres, and a 79.2 million ton crop. That would be more than 20 percent more than this year’s crop, which is now pegged at 65 million tons.
I can’t wait for a lazy afternoon on the pontoon listening to “Classic Rock” and drinking………………………pop. Maybe this weekend.
With 21 hour trading, it seems the market is always open. I guess we’ll get used to it. Travis & I are trying to fine tune our bid and notification process to keep everyone up-to-date on the markets without being overly informative. Did that make any sense? I guess that is why I call it my “Ramble”. Anyway, here are our “Current” markets. Corn @ $5.50. New Crop corn @ $4.51. Wheat @ $7.53. New Crop @ $6.97. Soybeans @ $13.08 and new crop beanies @ $12.07.
I’m closing with a few quotes on getting older that Steve Strege sent me this week. Thanks Steve!
Observations on Growing Older
~Your kids are becoming you...and you don't like them....but your grandchildren are perfect!
~Going out is good.. Coming home is better!
~When people say you look "Great"... They add "for your age!"
~When you needed the discount, you paid full price. Now you get discounts on everything... Movies, hotels, flights, but you're too tired to use them.
~You forget names.... But it's OK because other people forgot they even knew you!!!
~The 5 pounds you wanted to lose is now 15 and you have a better chance of losing your keys than the 15 pounds.
~You realize you're never going to be really good at anything.... Especially golf.
~Your spouse is counting on you to remember things you don't remember.
~The things you used to care to do, you no longer care to do, but you really do care that you don't care to do them anymore.
~You sleep better on a lounge chair with the TV blaring than you do in bed. It's called "pre-sleep".
~Remember when your mother said, "Wear clean underwear in case you GET in an accident"? Now you bring clean underwear in case you HAVE an accident!
~You used to say, "I hope my kids GET married... Now, "I hope they STAY married!"
~You miss the days when everything worked with just an "ON" and "OFF" switch..
~When GOOGLE, ipod, email, modem.... Were unheard of, and a mouse was something that made you climb on a table
~You tend to use more 4 letter words ..."what?"..."when?"... ???
~Now that you can afford expensive jewelry, it's not safe to wear it anywhere.
~Your husband/wife has a night out with the guys or gals but is home by 9:00 P.M. Next week it will be 8:30 P.M.
~You read 100 pages into a book before you realize you've read it.
~Notice everything they sell in stores is "sleeveless"?!!!
~What used to be freckles are now liver spots.
~Now that your spouse has retired ..... You'd give anything if he/she would find a job!
~You have 3 sizes of clothes in your closet ..... 2 of which you will never wear.
~~~~But old is good in some things: Old songs, Old movies, And best of all, OLD FRIENDS!!
It's Not What You Gather, But What You Scatter That Tells What Kind Of Life You Have Lived
If God brings you to it he'll bring you through it.............