Balancing Grain Drying and Propane Storage Needs

Right-size your propane tank

The 2016 harvest season has been one for the books with the USDA expecting farmers to harvest record amounts of corn and soybeans. These record yields highlight the fact that modern farming operations are bigger than ever – both in acreage and bushels.

During the busiest times of harvest, the number one question farmers ask themselves is how much crop they can take off each day – and if they have the appropriate resources to dry and store it. A cool, wet and windy fall has resulted in farmers harvesting corn at higher, moister levels than originally anticipated. This has increased pressure on grain dryers and localized propane supplies.

Although the last few weeks of harvest can be hectic, it is also the best time to evaluate how efficiently grain is moving through your operation and identify any areas that might need improvements in 2017.

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CHS posts fiscal 2016 earnings of $424.2 million

ST. PAUL, MINN. (Nov. 3, 2016) – CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, today announced earnings for fiscal 2016 of $424.2 million.

CHS net income for fiscal 2016 (Sept. 1, 2015 – Aug. 31, 2016) of $424.2 million was down 46 percent from $781.0 million for fiscal 2015, reflecting lower pre-tax earnings within the company’s Energy and Ag segments, as well as its Corporate and Other category. Lower pre-tax earnings within these two segments were partly offset by increased pretax earnings in its Foods segment, and seven months of earnings from its Nitrogen Production segment which was created by the February 2016 strategic investment CHS made in CF Industries Nitrogen, LLC (CF Nitrogen). These results reflect the continued economic down cycle in the company’s core energy and agriculture businesses, as well as the impact of one-time events.

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How Growers Can Achieve Nutrient Efficiency

Analyzing Crop Conditions

With continuing economic pressures on commodity prices and the ongoing need to increase yield, maximizing nutrient efficiency is becoming an even more critical component. This is also an ongoing challenge for growers as they are typically looking at their current crop while already planning for the next season.

The key to healthy plant nutrition and optimum crop production is a balance of all the essential nutrients, which is obtained by managing fertility and nutrient availability factors like proper placement, targeted timings and appropriate use rates to ensure nutrient availability throughout the season. In order to maximize crop production, growers need to provide all key macro and micronutrients for their plants at the appropriate time they are needed.

Growers can’t do it alone and it’s crucial they get the most out of their fertilizer, and take a look at the positive return on their crop nutrient investment. This is also important for retailers, as they want to maintain profitability within their business, but also to look out for their grower customers’ best interests too. Even in times of lower commodity prices, crop fertility is very important to maintain optimum conditions for the crops, to maximize their yield potential. (more…)

CHS Board addresses 2016 equity management; delays individual equity redemption program changes

CHS Equity Management ProgramThe CHS Board has delayed implementation of the company’s new individual equity redemption program, a decision made following its regular review of the CHS equity management program.

“This decision was made as we considered a number of factors, including our commitment to balance sheet management and the current economic cycle,” says CHS Board Chairman Dave Bielenberg. “CHS remains financially sound and profitable, but as we navigate this economic cycle, the board believes this delay was appropriate as we continue to take a long-term view in managing equity redemptions.”

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4 Top Things Growers Need To Know about Adjuvants

sprayingcrops1. What Are Spray Adjuvants?

Adjuvants aren’t new — in fact, they’ve been around as long as herbicides. However, with the recent conversations about the new trait and herbicide technologies, adjuvants are getting a lot more discussion, as they rightfully should.

With the upcoming changes, it is now even more important to make sure you are using the proper adjuvants to ensure your herbicide application is as effective as possible and to help minimize the development of herbicide resistant weeds. (more…)

Why you should celebrate Global Fertilizer Day

Global Fertilizer Day — October 13The Fertilizer Institute (TFI) and its members (including CHS) will celebrate the first annual Global Fertilizer Day this coming Thursday, October 13. Organized by TFI and a network of international organizations, the day is dedicated to spreading the word about the vital role our industry plays in improving peoples’ lives. As Microsoft founder and philanthropist Bill Gates has said on numerous occasions, two out of every five people in the world owe their lives to fertilizer. (more…)

CHS Pro Advantage contract now signing up bushels for 2017, 2018

Corn field - commoditiesWhen commodity markets turn volatile, pulling the trigger gets tougher. Grain producers looking for a seamless way to diversify – and simplify – their marketing have one more choice with CHS Pro Advantage.

This contract allows a grower to pledge a specific quantity of bushels to be professionally priced over a specific period of time, essentially taking the emotion out of selling. Bushels are priced by the trading professionals at CHS Hedging-owned Russell Consulting Group. (more…)

New Horizons News:

Breakeven Calculator

10/3/16

Highlights

  • As of 6.30am CT. the U.S. dollar was up .050 at 95.500, crude oil is up $0.29 at $48.53 per barrel, and the DOW is down 7 at 18,212.
  • 1-5 day weather forecasts continues to look wet for most of the Corn Belt.  0.25″ – 1″ is expected this week across IA, IL, IN, and OH.

Corn

  • Corn had a light volume trade overnight, trading in just a 3 ½ cent range. December Corn is currently at the bottom end of its range.
  • Friday’s Quarterly Stocks report has corn at 1.738bb, versus average trade estimate of 1.754; a slightly supportive figure for corn futures.
  • The Commitment of Trader report showed large speculators and funds as dedicated sellers, selling an additional 29,000 contracts, now holding a net short position of 192,000 as of Tuesday, Sep. 27th.

Oilseeds

  • The Commitment of Traders report show large speculators and funds cut their long positions in half over the previous week, now holding a net long position of 29,000 contracts.
  • Malaysian palm oil futures and Chinese markets are closed and consequently unchanged from last week due to a Holiday.
  • Friday’s Quarterly Stocks report has soybeans at 197mb, versus that average trade estimate of 201mb; a slightly supportive figure for soybean futures.

Wheat

  • The Commitment of Traders report shows large speculators and funds sold 1,000 contracts and are net short 145,000 Chicago Wheat contracts.
  • Chicago and KC are 2 – 3 cents lower and Mpls is unchanged as we near the end of the overnight session.
  • Friday’s Quarterly Stocks report has wheat at 2.527bb, versus the average trade estimate of 2.397bb; a bearish figure for wheat futures.

 

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