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…)
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…)
By Tim Guza, Grain Manager
At CHS Prairie Lakes, we will be offering three averaging contracts this year – one for March 19 futures, one for July 19 futures, and a third for December 19 futures. Contracts will be sold on Wednesdays throughout the trading period and at the end of the trading period, you will receive the average of the weekly sales. The best part? You can price out of the contract if the market rallies! Contact our grain procurement team for more details on these contracts.
Our current DP rate for soybeans is 24 cent minimum, which will get us to January 1st; after that, it will be 6 cents per month.
Soybeans have started being harvested in our area and so far, everyone seems pleased with their yields. We’ve set up a text messaging list to share updates to harvest hours once things get moving pretty heavily in the fields; if you’d like to be added to this list, let a member of our team know (we’ll need to know your cell phone number and cell provider). Wishing everyone a safe harvest!
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.
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:
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…)
By Tim Guza, Grain Manager
In the last couple of weeks there has been a couple of things that have been going through my mind. The first is how do we utilize our space this fall and the second is what do we think the market is going to do. Let’s start with space, we currently do not have a PNW export market for soybeans. This will keep bean basis week granted if we get the trade war settled this could change. We feel at some time china will need our beans we just don’t know when. Could this year be the year that it makes the most sense to ship corn and bin the beans? In a typical year we can pick up 30 cents to carry corn to the July. This year we could be looking at huge carries in the beans because of lack of outlets and if china comes to buy beans again from the United States they will probably rally. Each operation is different but don’t rely on what we have done in the past.
The second thing is market movement. I was asked to draw a line on sheet of paper on what I thought the market was going to do between now and harvest. My line was flat. If you are looking at having to move old crop in front of harvest or if you have a basis contract ask yourself what you think the market is going to do and price your grain accordingly. We have not had to trade a political driven market like this and the crops look good.
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…)
Photo: Sheila Jaeger & Jay Heinze
Brooten, Minn, Belgrade-Brooten-Elrosa (BBE) Elementary School was awarded funding for the building of a Human Foosball court on their playground from CHS Prairie Lakes, as part of the company’s Community Funds Program.
CHS Prairie Lakes is helping fund this project for BBE Elementary with a $500 award. The Human Foosball court will occupy at least 20+ students at a time to promote a fun game of sportsmanship and leadership skills as well as provide exercise.
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.
By Tim Guza, Grain Manager
As we start off the month of July we are looking at July delivery corn under $3.00 and beans under $8.00. Farmers seem to have shut down selling in anticipation of what President Trump does on Friday. If tariffs are put in place we will probably see the market remain at these levels or at numbers a little lower. President Trump has been talking about leaving the trade agreement, which would be a sign that he is probably going put the tariffs in place.
We are loading our first July corn train and have three more to go this month. It is hard to sell corn at the current cash price, but if you will need to move grain in front of harvest we typically do not see a lot of opportunity after the fifteenth of July and the basis is currently strong. On June 20th we finished up our old crop averaging contract – it closed at $3.87 which was about 30 cents over the cash market. We are also doing a Dec ’18 averaging contract that will close on the 1 of August. As of today, we are at $4.02.
On behalf of the grain team at CHS Prairie Lakes, thank you for all of your business.
Starbuck, Minn (July 3, 2018), In the event of a propane emergency, every second is important. That’s why CHS Prairie Lakes, along with the Alexandria Technical & Community College, supported a hands-on propane fire training for area fire departments at the end of June.
During this training event, around 22 people from the Lowry fire department participated in hands-on training on how to handle a propane fire. The training, provided by Alexandria Technical & Community College, provided an opportunity for each member of the department to work together to learn appropriate techniques for responding to a propane fire. To end the training, CHS Prairie Lakes provided propane for a controlled live burn of a simulated propane tank, during which each participant was able to implement the training and gain practice controlling the fire.
Steve Gorder, CHS Prairie Lakes Energy Manager, spent many years as a volunteer firefighter and knows the value of these trainings. “At CHS, we’re strong supporters of our local fire departments and want to ensure they have every tool in their toolbox necessary to feel confident when facing a propane fire. We can’t say thank you enough for all our fire departments do to keep our communities safe and appreciate being able to support them in this way.”
As a home heat, agricultural, and commercial propane supplier, CHS Prairie Lakes is proud to support trainings and events like this that bring a greater level of safety to our community. With locations in the communities of Elrosa, Evansville, 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 at CHS Prairie Lakes, visit us at www.chsprairielakes.com, find our page on Facebook, and follow us on Twitter.