Economy

Listening to Bloomberg this afternoon, an economist was speaking about his outlook on the economic recovery. His verdict?

We're in trouble.

Our national deficit has increased 25% in the last 9 months and yet our economic recovery has not outpaced that of nations who elected to go forward with a much smaller stimulus package (i.e. Germany).

This housing mess is a LONG way from over as well. Very few of the mortages that need to be modified have seen any type of real aid.

ACRE Guarantees

Nebraska Irrigated corn revenue - $689.31
Nebraska Irrigated corn yield - 185 bu/ac
Nebraska Dryland corn revenue - $450.85
Nebraska Dryland corn yield - 121 bu/ac

Weather

It's looking like the weather scare has basically disappeared. Looking back, we enjoyed a big one day rally followed by the same type of bearish movement we are getting tired of seeing. Ugh.

Lending Has Changed? (Warning - sales pitch included)

DTN article discussing lending:
http://www.dtnprogressivefarmer.com/dtnag/common/link.do?symbolicName=/free/farmbusiness/news/template1&product=/ag/news/farmbusiness/features&vendorReference=0702DA77&paneContentId=70118&paneParentId=70104

One of the big features we are talking a lot about within crop insurance is the synergy that exists and we believe will grow exponentially in the near future between AMS and crop insurance. We also believe this information will be important to 'prove innocence' when dealing with government programs, BE endorsements, etc... We also think this data is useful beyond seed decisions and even beyond production decisions. I think this data will be useful for profitability analysis within the finance world and beyond.

Market Volatility

We may be looking at some more opportunities to sell commodities on some rallies driven by weather concerns over the next week or two.

Volatility Will Reign as U.S. Corn Crop Races to Maturity
The U.S. corn crop has endured a lot this growing season. In the spring, the crop experienced excessive moisture, primarily in the Northern and Eastern Corn Belts. During the summer, the crop was challenged by below normal temperatures generally across the belt. In addition, spotty hail and wind damage was experienced in many locations. The crop is finally approaching one of the last hurdles to a record crop and that is the ability to reach maturity before a freeze has a large detrimental effect on the national yield. If this week is any indication the market action over the next two weeks will be wrought with volatility as we await the results of any cold weather impact on the U.S. Corn crop.

(Exerpt from FuturesFiles Commentary)

Nebraska: Record Crop / Good Weather

Couple of articles from UNL

• http://cropwatch.unl.edu/web/cropwatch/archive?articleId=1319362
• http://cropwatch.unl.edu/web/cropwatch/archive?articleID=1315091

Market Movement

We're saw some welcome bullish movement in the market yesterday only to lose half of that upswing so far today. It's going to be interesting to see if speculators look to jump into this market on hopes that a freeze will provide a sharp rally or if this was a one day anomaly.

National vs International Energy Policy

Many places in the world are crippled by the lack of consistent, accessible energy. In the US, we have access to energy so we're going to hamstring ourselves with cap and trade in order to make ourselves as uncompetitive as possible in the global market?

http://www.jdgain.com/newsArticle.jsf?documentId=2c9e4f6923983daf01239cfa4b310a4e

Interesting Editorials

Healthcare, leadership and W

http://www.jdgain.com/newsArticle.jsf?documentId=2c9e4f6923983daf0123987ba899003b

Cap & Trade

Get ready for the ad blitz...

http://www.jdgain.com/newsArticle.jsf?documentId=2c9e4f6923983daf01239ba97f4907cf