CHS Hedging Disclaimer

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.

Buy Your Propane Now For Next Season

During the heat of summer and the height of growing season, your propane supply might be the last thing on your mind. However, recent market indicators show propane supplies are below average, which could limit availability during high-demand periods, such as harvest. Now’s the time to assess your upcoming fuel needs.

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Grain Marketing Update

By Martha Licari

Grain futures were in a tailspin last week with soybeans down 50, corn down 11, and wheat down 20.  Soybean meal was down $18.00. USDA will release its supply and demand report on the 10th.  Average trade estimates are 165 for corn and 47.5 for soybeans. The wheat market will need to see the harvested acres vs the current USDA acres. We are thinking that this report will be our last chance for the market to rally before harvest. The crop progress report will be out this afternoon as well. Basis has stayed steady even with the decline in futures. Wheat harvest started in our area last week. Average yields are running about 50bpa and protein at 13.

As always, your grain marketing team is here for all your marketing needs!

Allegiant™ Corner: August 8, 2017

Looking for the latest news on #AllegiantSeed?  You’ll see an update like this every two weeks in our Tailgate Talk newsletter!

Hybrid Highlight: 9030

Allegiant 9030 is new to the market this year and can be found at the CHS Learning Center. Below is a picture of this superstar. If you are looking for a product that has record potential on high production farms, 9030 is your winner!
In the picture below 9030 is next to a consistent hybrid, Allegiant 8930 and a competitor, NK N9454. The Allegiant 9030 is a head of the game. 

 

Get ready for Fall Fertilizer

CHS Prairie Lakes Account Advisor, Cory Nietfeld, gets us thinking about why fall fertilizer is important. Get ready for this discussion with your account advisor.

Which planting depth is further behind?

The corn planted normal (2″), deep (3″) and very deep (3.5″) are pollinating in a uniform and in conjunction with the maturity while the shallow planted corn (0.5″) is behind multiple days. We learn corn planted 2″ or deeper will perform consistently. 

We don’t want one mishap to effect the crop all season long!

Tweet of the Week

Good work Tom, our very own Account Advisor out of the Hoffman location. The plot day is going to be a great opportunity to show the customers all the potential #AllegiantSeed has.
You have the opportunity to be recognized with the Tweet of the Week. Just use#AllegiantSeed.

Allegiant™ Corner: August 2, 2017

Looking for the latest news on #AllegiantSeed?  You’ll see an update like this every two weeks in our Tailgate Talk newsletter!

Variety Spotlight: 14X20N7

Here are some comments about this week’s variety:

  • IDC tolerance competitive with AG1135
  • ‘Good Clean Look’ following the previous year’s weed pressure

 

Pictures Speak For Themselves:

 

Tweet of the Week

Good work John Muske! John is an Agronomy Manager for CHS Northern Plains. We are noticing this variety excel in the second half of the growing season.
You have the opportunity to be recognized with the Tweet of the Week. Just use#AllegiantSeed.

Update from the Grain Department

By Nick Paumen, Grain Marketing Specialist & CHS Hedging Broker

Our eyes are turning to new crop as the summer goes on, but it’s still important to have a plan to for any old crop you have left.  We are hearing more and more that producers are going to carry old crop into new crop and selling it then.  If we are able to get back to somewhat decent cash prices levels, I would be actively selling ahead of harvest.  If you want to participate in the market after the sale, consider a minimum price contract and re-own the bushels on paper.  With time being a factor and the difficulties finding bids for August corn it could force us to go to the ground in September; so that doesn’t support a narrowing basis either.  Basis levels will remain weak. The PNW continues to drop their bid for corn and in some cases, they are basically a no bid for August.  This is the biggest source of frustration for producers, but we still need to be talking and trying to have a plan on how to market old crop and new crop.

We’ve been trading a weather market for a little while now and there hasn’t been a whole lot to get the market excited.  Areas of drought continue to grow around the US, but with that being said there is chatter that the trade is already figuring a  165 bu/ac average for this fall.  That should give an idea on how much carry out we have on hand right now if futures remain where they’re at and our production this year is that much lower.  Even with a reduced yield, we will still continue to drag some bushels from last year into the 2017/2018 crop year.

For more information about grain marketing talk to our staff or subscribe to my weekly email update, Beyond the Basis.

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. 

Partnering with ASA for Agronomy Training Development

agronomy training 

CHS has partnered with The American Society of Agronomy (ASA) to collaborate in creating a dynamic, online-learning program focused on improving sustainability practices and standards in production agriculture. The curriculum will be designed for agronomists and agribusiness professionals and will establish a recognized, industry-wide standard of education to help agronomists and other agriculture professionals truly implement sustainable practices in the field.  (more…)

Allegiant™ Corner: July 26, 2017

Looking for the latest news on #AllegiantSeed?  You’ll see an update like this every two weeks in our Tailgate Talk newsletter!

 

Hybrid Highlight: Allegiant 10117

Allegiant 10117 is the superstar. If you are looking for a product that will break records on high production farms, 10117 is your winner! Although it’s not ideal for parts of our territory, it’s competitive in the Hoffman area and will be bragged about throughout CHS as a whole.  

 

 

Attack the Aphids!

CHS Prairie Lakes Account Advisor, Jacob Hagen, explains the ideal way to manage soybean aphids.

 

What do you recommend?

See the correlation between the different rates and the number of kernels on the cob. This evidence is from the In-furrow trial in Staples, MN. Look at your fields to see if it holds true across the trade territory.

 

 

Tweet of the Week

Good work Daniel Haberling, a Key Agronomy Specialist in Pierre, SD. The soil can provide additional phosphorus and zinc. Take advantage of your opportunities.

You have the opportunity to be recognized with the Tweet of the Week. Just use #AllegiantSeed. You can always encourage your growers to tweet about #AllegiantSeed too!

Update from the Grain Department

By Tim Guza, CHS Prairie Lakes Grain Manager
We continue to trade a weather market. The good to excellent ratings came out last night and they drop corn to 62 versus a 64 last week. Beans were at a 57 good to excellent rating versus a 61 last week. Both of these brought a little bit of strength in the market last night but it was very short lived. With corn futures cheap with a 14 cent carry, the market continues to push old crop corn into new crop time slots. My feeling is that corn will trade this range for the next couple of months. Then, after harvest, once the bins are full you will start to see some basis appreciation. We still have a real weak export market so I think the nearby basis will remain to stay weak. Keep in mind the free dp programs end August 31. Soybeans, on the other hand, seem to be firming in the nearby on the basis. The new crop is undecided yet because China has not come to us for beans yet. I would suspect to see this in the next month. We also have to get through August in this area and we are currently looking for a rain. We should be combining wheat in the next week and a half. If wheat futures stay in the 7 dollar range I would think wheat will come to town at harvest. We have been trading a 10 cent carry to a 37 cent inverse (Sept to March) in the last three weeks. Originally, the market was concerned with wheat quality and production. Because of that, we were trading the inverse to own it up front. Lately, the market has been going into a carry, indicating there is enough ownership nearby.
 
Keep CHS Prairie lakes in mind 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. 

Allegiant™ Corner: July 19, 2017

 

Looking for the latest news on #AllegiantSeed?  You’ll see an update like this every two weeks in our Tailgate Talk newsletter!

 

Hybrid Highlight: 9199 VT2P

In most of the plots, Allegiant 9199 is next to 8930 which had a large head start. However, 9199 is playing catch up and if it hasn’t passed by already, it’s right behind. 9199 is tasselling in parts of the trade territory including the plots at Central Lakes College and at the CHS Learning Center in Westport. 

 

 

One of those years…

Above is the root mass of Allegiant 9199 and Allegiant 9458. Both look surprisingly great for the growing season they had.

 

 

Tweet of the Week

Good work @steve_hilgerman, a Sales Agronomist with Northern Plains. Hopefully, this 8930 got some rain today. However, it’s nice to know the genetics can handle drought.  

You have the opportunity to be recognized with the Tweet of the Week. Just use #AllegiantSeed. You can always encourage your growers to tweet about #AllegiantSeed too!

© 2017 CHS Inc.