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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