A simple 4-question test for choosing a diesel engine oil

filling diesel engine oil jugs

By Erin Wroge, CHS market supervisor, Cenex brand lubricants

Choosing the right engine oil for your equipment can get complicated fast. Today’s diesel engine oils are more advanced than ever, and with all the options on the market today, it’s no wonder if your head is spinning. Viscosity control? Shear stability? TBN retention? It can almost feel like you need an advanced degree in mechanical engineering just to pick the right product for your equipment.

Not everyone is a lubricants expert, and they shouldn’t have to be. Still, choosing the right engine oil is a critical decision. The oil inside your heavy-duty equipment is a protective barrier against thousands of pounds of pressure and constant stress. Without the right premium lubricant, your equipment can wear itself down to the bone — incurring costly damage and downtime.

The good news is that picking an engine oil doesn’t have to be rocket science. Cenex® offers a full line of high-quality lubricants designed to meet a variety of heavy-duty applications. To determine which product is right for your operation, just ask yourself these four simple questions. (more…)

CHS celebrates National Co-op Month through cooperative education

October is National Co-op Month

The CHS Foundation, funded by charitable gifts from CHS Inc., announced it has awarded more than $440,000 in cooperative education grants to projects that will help students learn about the cooperative business model and what makes cooperatives unique.

“October is National Co-op Month to raise awareness about cooperatives. What better time to celebrate how the CHS Foundation has supported cooperative education projects for more than 20 years?” says Nanci Lilja, president, CHS Foundation. (more…)

How to maximize crop nutrients throughout the growing season

preventing Iron Deficiency Chlorosis in soybeans with Crop Nutrients

Image Courtesy of Kyle Schafer

Crops demand nutrition throughout the entire growing period, but most of them can’t utilize those nutrients effectively during early development. A shortage of nutrients can lead to significant yield loss and stunted plant development.

How effectively those nutrients are managed in the spring can affect how the crops look in the fall. Weather and other pest and weed influences can also impact crop growth and development, but good nutrient management is essential as crops reach the final stages of growth. As crops move through the grain fill period in the fall, growers need to keep an eye out for nutrient deficiency symptoms. (more…)

CHS Board announces patronage and equity distribution

Patronage and equity are key benefits for owners of CHS and the cooperative system. CHS is committed to distributing patronage and redeeming equity for its owners while maintaining a strong balance sheet so it can continue to provide owners with the goods, services and supply chain capabilities required for long-term success.

Following the close of fiscal 2018, the CHS Board of Directors has announced the following patronage and equity distribution decisions:
(more…)

Discussing potential trade policy impacts

trade policy
Trade is a critically important part of business for CHS and for our farmer-owners, yet U.S. trade policy remains uncertain and dynamic. Tariffs being applied to imports from China and other important international markets – and resulting retaliatory measures from our trading partners – could have an impact across the entire CHS enterprise.  This could offer significant challenges as our owners move toward harvest this fall. (more…)

CHS reports net income of $229.3 million for the 3rd quarter of fiscal 2018

CHS income
CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, reported net income on July 11, 2018, of $229.3 million for the third quarter of its 2018 fiscal year (three-month period ended May 31, 2018), compared to a net loss of $45.2 million for the same time period a year ago.

Consolidated revenues for the third quarter of fiscal 2018 were $9.0 billion, up from $8.6 billion for the third quarter of fiscal 2017. Pretax income was $289.4 million for the third quarter of fiscal 2018, compared to a loss of $209.2 million for the same period the prior fiscal year.

“Thanks to the hard work of many throughout CHS, we’ve made great strides this year in strengthening relationships, optimizing operations and improving results from our core businesses,” said CHS President and CEO Jay Debertin. “The steps we’ve taken will better position us to navigate the inevitable cycles in agriculture and energy. I am proud of our team and their dedication and commitment to operating with excellence.” (more…)

The difference between drift and volatilization

herbicide application
Getting the most out of an herbicide application not only includes maximizing efficacy, but also minimizing damage caused by herbicides. Being aware of what can go wrong and how to avoid it can lead to effective, on-target herbicide applications and help growers have a successful growing season – without the distress and loss caused by applications gone awry.

Two threats to herbicide applications are drift and volatilization. While they may seem similar, they are quite unique and require different attention to ensure that neither occur. (more…)

CHS Drayton: Morning Market Wire (06/18)

We will be having Marketing Meetings June 25th and June 26th.  NDSU Professor Frayne Olson will be giving a market update on corn, soybeans and wheat. Please call the office for details.

Monday June 25th– Manvel Community Center 9:00am

Monday June 25th– Cavalier Country Club 12:30pm

Tuesday June 26th– Kennedy VFW 10:00am 

-We have several HOPPER BINS FOR SALE, please call the office for details. 

Market Summary

Corn was weaker overnight yet again as good growing weather and trade concerns pressure the market.  The July contract was able to stay above its new contract low from last Friday.  December corn put in a contract high of $4.29 on May 24th and has now set its contract low of $3.79.  Funds continue to trim their length with a reported long of 84,500 contracts down 55,800.  Look for weaker trade off the open due to good growing conditions and trade concerns.

Soybeans traded two sided overnight with the July contract trading a wide twelve cent range.  July soybeans are currently just above $9.00, and front month soybeans have not traded below $9.00 since spring of 2016.  The Commitment of Traders showed funds being aggressive sellers of soybeans, as they sold 48,000 contracts bringing them to a net short of 11,400 contracts.  Look for lower trade on concerns with Chinses tariffs and favorable growing conditions.

Spring wheat traded lower overnight with the July contract trading a three cent range.  Currently, technical support is near $5.63 with resistance at $5.87.  The markets were weaker overnight on continued harvest pressure.  Winter wheat harvest has showed below average yields with decent quality and protein.  Look for lower trade off the open as we add to an already ample wheat supplies.

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.)

Price Builder Bonus Daily Price Plus Futures at 8:00am
SH19 (Mar.) $10.02 $9.50 $9.41
CH19 (Mar.) $4.25 $4.14 $3.89
MWH19 (Mar.) $6.36 $6.20 $6.09

 

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 is 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 Trigger Date
0.11 6.10 MWZ18 11/21/2018
0.29 9.50 SX18 10/24/2018
0.12 3.90 CZ18 11/14/2018

 

 

Futures markets as of 8:30 AM
Minneapolis Wheat: MWEN18 5.69 -0.01
Kansas City HRW: KWEN18 5.12 -0.07
Soybeans: SN18 9.03 -0.02
Corn: CN18 3.58 -0.03

 

CHS Drayton Cash Prices
Spring Wheat: 5.42 -0.25 basis June Delivered Drayton
Winter Wheat: 4.32 -0.80 basis June Delivered Drayton
Corn: 3.10 -0.48 basis June Delivered Drayton
Soybeans: 8.18 -0.85 basis June Delivered Drayton

 

Spring Wheat Protein Scales

-.09 cents ea. 1/5 down from 14.0% to 13.0%

-.09 cents ea. 1/5 down from 13.0% to 11.5% (Max -1.15)

+.09 cents ea. 1/5 from 14.0% to 15.0%

+.00 cent bump at 15.0%  pro

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.

 

Encourage your cooperative to apply for Seeds for Stewardship matching grants

Seeds for Stewardship matching grant
Spring and warmer weather are upon us. It’s a great time to plant the seed of community support and grow pride in your community by encouraging your local cooperative to apply for a Seeds for Stewardship matching grant. Since Seeds for Stewardship began in early 2017, CHS has partnered with more than 70 local cooperatives on more than 100 projects in rural communities. Your cooperative could be next!

(more…)

© 2019 CHS Inc.