DES MOINES – The price of natural gas continues to drop, falling $.21 this week, closing at $3.36. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $2.96 per gallon.
Crude Oil Summary
The price of global crude oil fell this week on the West Texas Intermediate (WTI) by $1.97 per barrel over last week, currently at $95.36.
Brent crude oil fell $4.08 this week, currently at $105.41.
One year ago WTI crude sold for $88.71 and Brent crude was at $109.27.
As of Tuesday, November 5th, the price of regular unleaded gasoline averaged $3.09 across Iowa according to AAA. This is down $.08 from last week and down $.24 from one year ago. The national average on Tuesday was $3.23, down $.05 from last week’s price.
Retail diesel fuel prices in Iowa fell $.04 on the Tuesday report with a statewide average of $3.70. One year ago diesel prices averaged $3.91 in Iowa. The current Iowa diesel average is $.14 per gallon lower than the national average of $3.84.
Wholesale ethanol prices fell $.02 this week, closing at $1.64. The price of Mid-Grade Blend in Iowa (10% ethanol) closed at $2.96 per gallon, down $.07 from last week’s price and down $.29 from one year ago.
Propane prices rose $.04 compared to last week’s price with a statewide average of $1.62 per gallon. Home heating oil fell a penny from last week’s figures, ending with a statewide average of $3.35. Natural Gas prices in Iowa were down $.21 from last week’s report, ending the week at $3.36 / MMbtu.
CHICAGO--The following are analysts' estimates in millions of bushels for
2013-2014 U.S. grain and soybean ending stockpiles, as compiled by Dow Jones Newswires.
The U.S. Department of Agriculture is scheduled to release updated tables at
noon EST (5 p.m. GMT) Friday. Parentheses denote the number of estimates in that baverage and range.
Average Range Sept. 2012-2013
Corn (19) 2,056 1,904-2,292 1,855 661
Soybeans (18) 183.1 150-240 150 125
Wheat (17) 527.3 532-576 561 718
Monday, November 11 is Veterans Day. To honor and say thank you to all retired and current US Military members, Heartland Acres is offering half price admission to the museum for the month of November. Military ID required.
According to the U.S Department of Veterans Affairs website the origin of Veterans Day began in 1921. An unknown World War I American soldier was buried in
Jerry Shaffer, Heartland Acres part time maintenance man who served in Occupied Germany with the US Army from 1954 – 1955 commented “Serving our country is something special and is something we did and loved doing.” To Jerry and all other retired and currently serving US Military we say – Thank you.
“Ag in the Military Display” remains on exhibit due to its popularity and is becoming a cornerstone exhibit for Heartland Acres.
For hours of operation and more information about Heartland Acres check us out at www.heartlandacresusa.com or call
DES MOINES – Iowa Secretary of Agriculture Bill Northey today commented on the Iowa Crops and Weather report released by the USDA National Agricultural Statistical Service. The report is released weekly from April through October.
“Harvest continues at a rapid pace resulting in corn and soybean progress ahead of average for the first time this year,” Northey said. “High moisture content and limited propane supplies have created some challenges for farmers needing to dry down the crop for storage.”
The weekly report is also available on the Iowa Department of Agriculture and Land Stewardship’s website at www.IowaAgriculture.gov or on USDA’s site at www.nass.usda.gov/ia. The report summary follows here:
Corn harvest advanced rapidly in Iowa during the week ending November 3, 2013, according to the USDA, National Agricultural Statistics Service. With corn harvest advancing ahead of the normal pace, this marked the first time all season corn progress was ahead of the 5-year average. Statewide there were 4.7 days suitable for fieldwork. Other activities for the week included fall tillage, manure hauling, and nitrogen application. Some farmers were waiting to harvest high moisture corn or were storing it on-farm to avoid extra drying costs.
Recent rains and cool weather improved soil moisture levels. Topsoil moisture levels rated 14 percent very short, 29 percent short, 56 percent adequate and 1 percent surplus. Subsoil moisture levels rated 26 percent very short, 38 percent short, 35 percent adequate and 1 percent surplus. Grain movement from farm to elevator was rated 56 percent moderate to heavy. Ninety-five percent of Iowa reported adequate or surplus off-farm grain storage availability and 87 percent reported adequate or surplus on-farm grain storage availability.
Iowa farmers harvested 20 percent of their corn for grain or seed for the second week in a row. Seventy-five percent has now been harvested, 4 percentage points ahead of normal. Soybean harvest increased 8 percentage points and stands at 95 percent complete, 4 days ahead of normal.
Pasture condition rated 22 percent very poor, 28 percent poor, 32 percent fair, 17 percent good and 1 percent excellent. Some farmers reported weaning calves and moving livestock to graze on corn stubble. Hay supplies were considered 15 percent short, 76 percent adequate, and 9 percent surplus across Iowa with half rated in good condition.
IOWA PRELIMINARY WEATHER SUMMARY
By Harry Hillaker, State Climatologist, Iowa Department of Agriculture & Land Stewardship
Temperatures over the past reporting week averaged right at seasonal normals with extremes varying from a Sunday (27th) afternoon high of 70 degrees at Sioux City to lows of 22 degrees at Elkader and Maquoketa on the next Sunday (3rd) morning. Dry weather prevailed statewide on Sunday (27th) and Saturday (2nd). Light rain fell over far western Iowa on Monday (28th) and across the west one-third of the state on Tuesday (29th). Rain fell statewide on Wednesday (30th) with just sprinkles or very light accumulations over the far north to widespread amounts over two inches across the southeast one-quarter of the state. Light rain persisted over the southeast one-half of Iowa on Thursday (31st) with scattered light rain over the south one-half on Friday (1st). Weekly rain totals varied from just a trace at Saint Ansgar to 3.56 inches at Centerville. The statewide average precipitation was 0.82 inches while normal for the week is 0.55 inches. Soil temperatures as of Sunday (3rd) were averaging in the mid 40’s statewide.
Ames, Iowa—Iowa Learning Farms, along with Practical Farmers of Iowa, will host a cover crops field day at the Iowa Artists Theatre Company in Amana, on Thursday, Nov. 7, from 11 a.m.-1 p.m. The event will focus on cover crops for soil health as part of the Iowa Nutrient Reduction Strategy. The event is free and the public is invited to attend.
The field day includes discussion with Amana Farm manager John McGrath, Washington County farmer Steve Berger, and Marshall County farmer Wade Dooley, who are all using cover crops on their acres. Dooley will also share his experiences with grazing on cover crops. Practical Farmers of Iowa’s Midwest Cover Crops Research Coordinator Sarah Carlson will talk about how cover crops work to reduce erosion as a part of the Iowa Nutrient Reduction Strategy. Rose Danaher with the Natural Resources Conservation Service (NRCS) will provide updates on the Price Creek Watershed Project as well as cost share opportunities for cover crops.
The field day will be held at the Iowa Artists Theatre Company, 2709 220th Trail, Amana. Presentations, discussion and a complimentary lunch will be at the Theatre. After lunch, weather permitting, there will be an opportunity to view cover crops on farms in the Price Creek Watershed. From the Amana Colonies exit from I-80, go north on highway 151 approximately six miles to the intersection with Highway 6 (Grand Army Highway). Turn right (east), keep following highway 151 to Amana. In Amana, turn right onto 220th Trail. The Theatre is on the east end of town.
Founded in 1985, Practical Farmers of Iowa is an open, supportive and diverse organization of farmers and friends of farmers, advancing profitable, ecologically sound and community-enhancing approaches to agriculture through farmer-to-farmer networking, farmer-led investigation and information sharing. Farmers in our network produce corn, soybeans, beef cattle, hay, fruits and vegetables, and more. For additional information, call (515) 232-5661 or visit www.practicalfarmers.org.
Iowa Learning Farms takes a grassroots approach offering innovative ways to help all Iowans have an active role in keeping our state’s natural resources healthy and not take them for granted. A goal of Iowa Learning Farms is to build a Culture of Conservation, encouraging the adoption of residue management and conservation practices. Farmers, researchers and ILF team members are working together to identify and implement the best in-field management practices that increase water and soil quality while remaining profitable. For more information, go to: www.extension.iastate.edu/ilf.
Iowa Learning Farms is a partnership between the Iowa Department of Agriculture and Land Stewardship, Iowa State University Extension and Outreach, Leopold Center for Sustainable Agriculture, Iowa Natural Resources Conservation Service, and Iowa Department of Natural Resources (USEPA section 319); in cooperation with Conservation Districts of Iowa, the Iowa Farm Bureau and the Iowa Water Center.