July 20 Scouting Report

Curious what’s happening throughout our territory?  Members of our agronomy team weigh in below with what they’re seeing in fields so far this season.

Cory Nietfeld Scouting Report
CHS Prairie Lakes in Elrosa

It’s extremely wet in our trade territory.  Corn spraying is wrapping up, and we will be full swing on bean spraying as soon as it dries out.  Corn crop is looking pretty good.  If you haven’t side-dressed yet and plan to, it’s time to get it done!

 

Trisha Demarais Scouting Report
CHS Prairie Lakes in Park Rapids

The Park Rapids area received 3” of rain over the weekend, and our lighter soil has helped to make sure we aren’t overwet and aren’t dry.  The rain has been extremely helpful, and both corn and soybeans are looking really good.  We’re in the middle of spraying just about every crop around here currently.

June 8th Scouting Report

 

Curious what’s happening throughout our territory?  Members of our agronomy team weigh in below with what they’re seeing in fields so far this season.

 

Chuck Nolting Scouting Report
CHS Prairie Lakes in Elrosa

     Corn: We’ve seen a number of fields where the pre-emerge chemistry that was put down earlier this spring has either run out of gas or didn’t get activated due to the shortage of rainfall.  We’re currently doing a lot of post-emerge spraying on corn acres. (more…)

Soil Whisperers

White Hall, Ill., farmer Maria Cox, left, and her crop advisor Kyle Lake were named 2018 4R Advocates by The Fertilizer Institute. Photo by Erin Williams, CHS.

Adapted from C magazine article by Peg Zenk

READ MORE: Find the entire C magazine article here.

Not all risk is bad. While farmers work hard to reduce financial risk, innovators take calculated risks when it comes to new when it comes to new agronomic approaches.

Illinois farmer Maria Cox is one of those innovators. She and her crop advisor, Kyle Lake, with CHS in Carrollton, Ill., were named 2018 4R Advocates by The Fertilizer Institute. Each year, the award recognizes five farmer-retail agronomist teams who are dedicated to implementing the 4Rs of nutrient stewardship: using the right nutrient source, at the right rate, at the right time and in the right place.

In conversations with Cox and others who have actively embraced the 4Rs, common management challenges and strategies emerge. Among all the technologies and tactics they’ve tried, these growers point to strategies that are producing the biggest benefits in terms of soil health and the bottom line. (more…)

Start the New Season with a New Grease

cenex grease

Using the right grease is one of the most important decisions you can make as you prepare equipment for the high-pressure planting season. But recent updates in grease formulations might make you do a double take as you get ready for spring.

“When you put the grease into your grease gun and on bearings, you’re going to notice it looks different,” says Andrew Hamilton, director of technical services and quality for Cenex® lubricants and refined fuels. “That is on purpose. You’re getting a better grease.” (more…)

Anatomy of a grain trade

anatomy of a grain trade infographic

The global grain trading business is risky. Avalanches and mudslides can stop trains in their tracks. Striking union workers can halt grain loading at port. Freezing sea spray and high swells can delay ocean vessels for days. Commodity prices and costs shift constantly.

While those situations may be beyond a grain company’s control, there are countless other factors that a team of CHS experts successfully manages 365 days a year – always focused on efficiency, safety and profitability. (more…)

CHS reports a net income of $346.7 million for the first half of fiscal 2018

CHS income fiscal 2018

 

CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today reported net income of $346.7 million for the first half of its 2018 fiscal year (six-month period ended Feb. 28, 2018), compared to net income of $223.7 million for the same time period a year ago.

Consolidated revenues for the first half of fiscal 2018 were $14.9 billion, down from $15.4 billion for the first half of fiscal 2017. Pretax income was $185.0 million and $249.1 million for the first half of fiscal 2018 and 2017, respectively. (more…)

Kensington Fire & Rescue Awarded Grant from CHS Prairie Lakes

Photo (L to R): Todd Eystad, Kensington Fire and Rescue Assistant Chief & Erick Stark, CHS Prairie Lakes Hoffman Operations Manager

 

Starbuck, Minn, Kensington Fire & Rescue was awarded a Returning Value to Local Communities grant from CHS Prairie Lakes, as part of the company’s Community Funds Program.

CHS Prairie Lakes selected Todd Eystad, Assistant Chief, to receive a $1,000 grant to support the purchase of an additional thermal imaging camera.  The addition of the second thermal imaging cameral will be utilized for search and rescue during vehicle accidents, allowing responders to find anyone ejected from vehicles and get them treatment faster.

Applying schools and local community organizations are asked to state their plans for the grant money, supply general information about the project and purpose of the request, along with specific financial needs and projected outcomes. Applications for grant funding are available online at www.chsprairielakes.com.

Providing products and services in the agronomy, energy, and grain markets with locations in the communities of Elrosa, Glenwood, Hoffman, Long Prairie, Lowry, Park Rapids, and Starbuck, CHS Prairie Lakes is here to supply for your needs. For more on what’s new and to learn about other ways CHS Prairie Lakes gives back, visit us at www.chsprairielakes.com, like us on Facebook, and follow us on Twitter.

Grain Markets Update

By Tim Guza, Grain Manager

 

The big news of the week will be planting intentions on Thursday morning.  They are predicting 91 to 92 million acres of beans and about 89.5 million acres of corn.  This should be bearish for the beans and bullish for the corn but if the beans go down hard and the market wants to trade a 2.5 corn to bean ratio this could drag corn down in the nearby also.   The other thing that is causing strain on the markets is China.  The market is unsure of how China will react to President Trump’s new tariffs.  It is nice to see that the market has so far been able to hang in there.   This is probably due to good exports and that the weather in Argentina remains dry.

We will want to have ourselves positioned in front of the report on Thursday.  We should have some orders in place for Thursday crop report in case the markets give us a knee-jerk reaction or a surprise. Remember there will be no markets on Friday. Keep in mind that CHS Prairie Lakes offers a wide range of contracts to utilize in these tougher marketing times.  Contact one of our grain staff members for all your marketing needs.

 

This material has been prepared by a sales or trading employee or agent of CHS Hedging, LLC. and should be considered a solicitation.  This communication may contain privileged and/or confidential information and is intended only for the use of the individual or entity to which it is addressed.  If the reader of this message is not the intended recipient, you are hereby notified that any unauthorized dissemination, distribution, and/or use of this communication is strictly prohibited.  CHS Hedging, LLC. makes no representation or warranty regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person.  There is a risk of loss when trading commodity futures and options. 

Unlock More Potential with CHS Unlocked™

By Byron Fischer, CHS Key Agronomy Specialist

There are many growth regulators on the market.  Why choose CHS Unlocked?  CHS Unlocked contains naturally derived Cytokinin, Auxins, and Gibberellins in the right balance to improve growth and development of many crops.  Having the right balance is actually of more importance than having greater amounts when it comes to plant growth regulators (PGRs).  PGRs are important because they induce cell division, stimulate cell enlargement, delay senescence (loss of cell division and growth), overcome stress and improve nutrient mobilization.

One feature that causes CHS Unlocked to stand out when compared to other products on the market is that it is naturally derived.  This enables CHS Unlocked to be in a formulation that “fits” into the plant receptors, due to its natural derivation.  This enables quicker uptake and thus increased activity.  Bottom line is increased ROI.

Below is a photo of CHS Unlocked compared to a competitive product, which was taken during the 2017 growing season at a trial in Staples, MN.  You can easily see the difference CHS Unlocked makes in the plant!

Interested in learning more about CHS Unlocked?  Contact a member of our agronomy staff for more information about this product and what else CHS can do to support your farm in 2018!

Demonstrating safety in the communities where we work

ResponsibleAg

CHS now has more than 100 ResponsibleAg certified facilities from its CHS Country Operations and CHS Agronomy divisions. Out of all U.S. fertilizer facilities receiving this certification, CHS represents 12 percent of the total.

ResponsibleAg was started in 2014 to assist agribusinesses as they sought to comply with federal environmental, health, safety and security rules regarding the safe handling and storage of fertilizer products. The rigorous application process includes a checklist of more than 320 questions about federal regulatory requirements. To be certified as a ResponsibleAg facility, locations must be 100 percent compliant with the entire checklist. (more…)

© 2018 CHS Inc.