FC Morning Grain Market Commentary for 5/15/2013

AM Comments 05/15/13

Wednesday, May 15, 2013, 8:11 am
Submitted by: Dustin Weiner

Good morning!

 

Our markets were weaker last night – receiving pressure from bearish outside markets.  The $US is sharply higher again today, trading to its highest level in nearly a year.  This pressures most commodities, with gold down over $15/oz and crude oil down over $1/barrel. 

 

Other than that, it is quiet.  Weather looks pretty much unchanged from yesterday with the largest chances for rains still penciled in for Sunday.  With planters running seemingly everywhere the bulls may stay on the sidelines for today.

 

There are rumors of additional soybean vessels being imported into the East Coast of the U.S.  Eventually (June maybe?) these soybean imports will show up in a monthly USDA S&D report and could look pretty bearish.

 

http://www.fccoop.com/markets/commentary_detail.cfm?CommentaryID=1710

 

Farmers Cooperative Company (FC) Announces Recipients for Freshman in Agricultural Business Scholarship

Farnhamville, IA - Farmers Cooperative Company recently named fifteen Iowa State University students as recipients of the $750 Farmers Cooperative Company Scholarship for freshman in Agricultural Business. 

Farmers Cooperative Company is committed to providing scholarships to students pursuing an education in agriculture. According to Roger Koppen, Farmers Cooperative Company’s CEO, “Farmers Cooperative Company is committed to supporting the youth of agriculture. It is critical to keep good, young people in the industry by providing them opportunities such as scholarships and internships.”

This scholarship is awarded to college freshman majoring in Agricultural Business who have a minimum cumulative high school grade point average of 3.0 on a 4.0 scale and who graduated in the top 25% of their high school class. Recipients demonstrate agriculture leadership through involvement in agriculture organizations.  Preference is given to applicants interested in a career in grain marketing, commodity merchandizing, agronomics, elevator management, or grain marketing analysis in a rural area. 

Farmers Cooperative Company has corporate headquarters in Ames, IA and is the largest farmer-owned local agriculture cooperative in Iowa. FC serves over 5,500 members throughout their trade territory of over 3,000,000 acres. Members are served from over 60 locations by a 700+ employee team.  Farmers Cooperative Company is committed to serving its members by doing for farmers what they cannot economically do for themselves.

Front Row LtoR: Kortney Wagner-Wappello, IA. Kaci Keitzer-Mediapolis, IA. Paula Kovarik-Calmar, IA. Kilah Hemesath-Decorah, IA. Anna Brandes-Gowrie, IA. Katie Klaes-Osage, IA. Ben Ashland-Spirit Lake, IA.
Back Row LtoR: Ryan Pfeiffer-Dawson, IL. Jensen Sandgren-Callendar, IA. Casey Jones-Spirit Lake, IA. Drew Mogler-Alvord, IA. Andrew Luzum-Decorah, IA. Nathaniel Harris-Eddyville, IA. Jacob House-Sabula, IA.
Not Pictured: Chad Frazer-Conrad, IA.
www.fccoop.com