Missed the 2019 CHS Owners Forum in your area? Tune in for the CHS Owners Forum webinar Friday, June 28, 1:00 to 2:30 p.m. CT, to hear business updates from CHS leadership including CHS President and CEO Jay Debertin. We will also take a look at industry trends and ask for your input on how we can make connections that support long-term success. Register here.
What happens when the world’s biggest buyer suddenly backs away from U.S. soybeans? That’s been a question on everyone’s mind since July 6, 2018, when the United States implemented China-specific tariffs. The move embroiled U.S. farmers and cooperatives in a trade war that hit the soybean world particularly hard. Spring USDA data shows 2018–2019 soybean export inspections down nearly 34 percent from the year before, with farms and cooperatives struggling to handle huge carryover and reduced cash flow.
The 2019 CHS Owners Forums will be held at 11 sites across the country in May and June. As an owner of CHS, we invite you to join us at the forum nearest you to hear business updates from CHS leadership including CHS President and CEO Jay Debertin. We will also take a look at industry trends and will be asking for your input on how we can make connections that support long-term success. Forums will wrap up with lunch at noon. Please register to reserve your spot.
Corn traded higher overnight as
forecasts continue to show wet weather in the extended forecast. The
seven-day precipitation models continue to show heavy moisture accumulations in
much of the western corn belt, stretching into Northern Illinois and Southern
Wisconsin. The overly wet weather continues to leave concerns about further
delays in planting. Look for mostly higher trade today on continued
Soybeans closed a nickel higher
this morning with the July contract closing two cents off the overnight high of
$8.42. We saw some short covering overnight on wet spring planting
delays. Later planted soybeans do not yield as well as early planted
soybeans. However, gains continue be limited on uncertainty about acres
being shifted form corn to soybeans. Look for higher trade today on
spillover strength from the corn market. The long term outlook still
looks bearish as we remain over supplied with not enough
Spring wheat traded higher
overnight with the July contract closing at the overnight high of $5.23.
The market found support overnight on spillover strength from corn.
Additional strength in wheat is likely due to short covering in the Kansas City
and Chicago markets. Look for higher trade today on short covering and
strength from corn.
Compass contracts are a great way
to market your new crop by pricing grain daily at a fixed higher futures
price. Below are today’s closing bids for two types of compass
contracts we offer. If you would like to make an offer or would like more
information please give me a call at the office. (All compass contracts
have a 48 hour probation period.)
Futures at 8:00am
Below is the third compass
contract we offer which pays you a premium for your old crop for potentially
selling the same amount of new crop. You only sell the new crop if the
futures are equal to or greater than the target price on the trigger date.
There are many different premiums and target prices available. Please call
for more info!
Old Crop Premium
New Crop Target
markets as of 8:30 AM
Kansas City HRW:
Wheat Protein Scales
-.02 cents ea. 1/5
down from 14.0% to 13.0%
-.02 cents ea. 1/5
down from 13.0% to 12.0% (Max -0.20)
+.02 cents ea. 1/5 from 14.0% to 15.0%
Any information, materials and
opinions (together, “CHS Materials”) presented by CHS to the recipient of such
CHS Materials, whether in written or oral form, is for general information
purposes only and does not constitute legal or other professional advice and
should not be relied on or treated as a substitute for specific advice relevant
to particular circumstances. CHS makes no warranties, representations or undertakings,
whether express or implied, about any CHS Materials (including, without
limitation, any as to the quality, accuracy, completeness or fitness for any
particular purpose of any CHS Materials). Recipient agrees that CHS shall not
be liable to recipient relating to or resulting from the use of any CHS
Materials or any inaccuracies or errors therein or omissions therefrom.
Whether your spring to-do list includes building a fence or planting trees – breaking ground should always be done with caution. April is National Safe Digging Month so remember, your best line of defense before digging is to call 811, a free service that marks underground utilities and pipelines. Many of these are less than a foot underground.
The process is simple: Call 811 or visit clickbeforeyoudig.com three days
before a digging project, wait for underground utilities to be marked and don’t dig within two feet of those markers.
It’s best to call 811 any time you break ground, even if you think you know where a utility line is located. “In the U.S., an underground utility is hit every nine minutes, causing dangerous consequences,” says Tina Beach, public awareness specialist for CHS. “It takes a lifetime to build a farm, and it takes just one free call to keep it safe.”
By Mimi Falkman, senior marketing specialist, CHS Lubricants
Planting season is always a busy time of year on the farm,
but it can be especially tight when winter overstays its welcome. A short spring means there’s even less time than usual for farmers to complete some of the most important work of the year.
During a condensed planting season, equipment is under added
stress because it needs to work overtime to meet demands. To keep machines protected and operating at peak performance during a shorter spring, farmers can set themselves up for success by
preparing their equipment and fluids while the fields are still wet.
reported net income of $248.8 million for the second quarter of fiscal 2019 and
$596.3 million for the first six months of fiscal 2019.
strong performance in the second quarter reflects our hard work at serving our
owners and other customers better. We’ve refocused on serving our customers and
improving our operations, and that has shown positive results in our financials
for the first half of fiscal 2019,” said Jay Debertin, CHS president and
chief executive officer. “Our performance also reflects the benefit of a
diverse platform across business units that serves our cooperative and
Grain powers American agriculture. During Stand-Up for Grain Safety Week, March 25 through 29, we want to remind everyone working on farms and in grain-handling facilities to respect and understand the risks associated with working with grain.
“It’s important to continue to work with the industry, our
employees and our farmer-owners on the hazards in the grain industry, while
stressing safe practices and controls to ensure their safety,” says Matt
Surdick, manager, Country Operations Environment, Health and Safety, CHS.
Stand-Up for Grain Safety Week was organized by the National
Grain and Feed Association (NGFA), the Occupational Safety and Health
Administration (OSHA), the Grain Elevator and Processing Society, the American
Feed Industry Association and the Grain Handling Safety Coalition.
The groups remind us to remember five steps to grain safety:
Never walk down grain
Guard elevated work surfaces
Watch for moving equipment
Safeguard moving equipment
Lock out equipment
Moving or flowing grain acts like quicksand and can bury a
person in seconds. From the time an auger starts, a person has two to three
seconds to react. In four to five seconds, a person is trapped. In 22 seconds
or less, the person is completely covered by grain. Grain bin incidents often result
in multiple fatalities because coworkers improperly attempt rescue procedures and
become engulfed themselves.
“Following procedures, evaluating your surroundings, using
proper equipment and ensuring constant communication are keys to entering and
exiting a grain bin or silo safely,” Surdick says. “Do it the right way, every
Be aware of bridging grain, which occurs when grain clumps
together due to moisture or mold. These conditions can create an empty space
beneath the grain as it is unloaded, which means it can collapse unexpectedly
or under a person’s weight. Do not enter a bin when there is a bridging
condition, or if grain is built up on the side of the bin.
Always monitor the atmosphere inside bins for dangerous
changes. Make sure there two people are always present when working in bins and
maintain communications between the attendant outside the bin and the person
inside the bin.
Never move grain into or out of a bin while
someone is inside. Lockout/tagout all mechanical, electrical, hydraulic and pneumatic
equipment that presents a danger, particularly grain-moving equipment.
A bin of grain may seem harmless, but in just seconds, that
harmless grain can claim a life. Please be safe and share these messages with
anyone working with grain.
People in rural communities live surrounded by growing food,
but they experience hunger too. That’s why CHS is once again teaming up with
local farmers to fight hunger in rural America. The CHS Harvest for Hunger food,
grain and fund drive begins March 1 and continues through March 20 at your
nearest CHS location.
“We might never know that the neighbor across the road or
down the drive struggles to put food on the table, but through our efforts this
month, we can make sure those local food shelves can anonymously help those who
need it most,” says Rick Dusek, executive vice president, CHS Country
Operations. “For nine years now, our CHS employees and farmer-owners have
stepped up during this annual campaign to help local and regional food shelves
feed those in need.”
Since 2011, CHS has raised more than $5.6 million and 3.6
million pounds of food through its Country Operations business units. CHS
locations across the United States have organized ways to get farmer, ranchers,
employees and community members involved in fun and interactive ways to raise
food and funds to fight hunger.
Financial donations are encouraged as they give food banks
additional buying power to provide nutritious food at deeply discounted rates;
$1 equals 6 pounds of food for area food banks. But food and grain donations
are also accepted. Every donation counts.
the food, money and grain raised by CHS Harvest for Hunger goes directly back
to local and regional food banks to help fill their shelves,” Dusek says. “This
way, we can help those in need by ensuring those organizations dedicated to
fighting rural hunger have the resources they need to make a real difference in
Stop by or contact your nearest CHS location to learn how you
can support CHS Harvest for Hunger.
When most people think of agriculture, they wonder how we are going to feed the growing population of 9.6 billion by 2050. And while that’s an important question to consider, I find myself thinking more often about the individuals needed to fill the talent pipeline to feed that growing population.
With nearly 4 in 10 agriculture jobs going unfilled each
year and the average-age of farmers ever increasing, it’s going to take a
pragmatic, creative approach to encourage young people to pursue careers in