Corn is slightly higher this morning up 1 to 2 cents while beans are under pressure down 7 to 9 cents. Locally heavy rain reported in the area any where from 2 to 3.5 inches. The Mississippi River is expected to rise to levels again that could shut down barge loading in STL for the first part of next week. Basis is firm for FH May delivery due to the Upper Miss and the IL River closures due to high water. They are expected to be down even longer.
After the slow start corn and beans both recovered. Corn ended the day up 6 while beans closed down a couple.
is looking better technically as late planting ideas gather steam. July
corn poked its head above the 20-day MA for the first time since March 29th
and closed near the day’s high. Spreads narrowed.
bear the brunt of weather delayed planting – less corn acres usually means a
few more bean acres, which we don’t need. Beans finally got some
spillover support from corn and wheat and were able to close in the middle of
the day’s range.
During October, CHS is joining cooperatives across the U.S. to celebrate Co-op Month. As part of the cooperative system, CHS is committed to supporting and strengthening owners and communities with diverse ideas, equity and inclusion.
The following information is provided by Nationwide, the #1 farm and ranch insurer in the U.S.1
During the busy harvest season, farms and grain-handling facilities are some of the most dangerous places to work. Slips and falls from ladders, entanglements from augers and PTOs, crushing injuries from grain truck and railroad traffic, grain bin entrapment and engulfment from grain bin entry, and fires and explosions from grain dust accumulation, are just some of the hazards.
By Chad Christiansen, Product Quality and Additives Manager in Agriculture and Farming, CHS from the Cenexperts blog
Farmers have enough on their plates without needing to deal with water in their diesel. Despite their best efforts, though, sometimes accidents happen. Luckily, there are ways to remove water from diesel and methods to prevent water contamination from happening again.
We may not be meeting in person right now, but we still want to bring you valuable information to navigate volatile and weak commodity markets. Please join us online to discuss the markets and learn more about CHS Pro Advantage for corn, soybeans and wheat on Tues., Aug. 4, 10 a.m. CST.
CHS reported net income of $97.6 million for the third quarter of fiscal year 2020 that ended May 31, 2020. This represents a 78.8 percent increase compared to net income of $54.6 million in the third quarter of fiscal year 2019.
An innovative option makes broadcast crop nutrient applications more available.
Farmers wouldn’t be satisfied with just 20 percent weed control from a herbicide application, but that’s typically the best nutrient availability they can expect from dry phosphate fertilizer applications.
“Under the best soil conditions, only one-fifth of applied phosphorus may be available to the crop throughout the season,” says Steve Carlsen, Levesol and crop enhancement manager, CHS Agronomy. “Availability is even less when soil pH levels are too high or too low or in soils that contain too little organic matter.”
This article first appeared in the LIFT newsletter, a publication of CHS Agronomy. Read the entire article.
As growers finalize planting preparations and plan in-season fertilizer and sidedress applications, they may be looking for solutions for micronutrients deficiencies identified by soil or tissue sampling on their most productive acres. What are the most essential micronutrients and what products can help with yield and profitability?
The essential micronutrients include Zinc (Zn), Iron (Fe), Boron (B), Copper (Cu), Molybdenum (Mo) and Manganese (Mn).
They are considered micros because they are needed in smaller amounts compared to macronutrients by the plant.
Many micronutrients hold the key to how well the other nutrients are used; attribute to how well the plant develops and effects the total yield it will produce come harvest.
They also help feed the microorganisms in the soil to perform important steps in various nutrient cycles of the growing process.
We are pleased to share our second quarter results for fiscal year 2020. We reported net income of $125.4 million for the second quarter of fiscal year 2020, which ended Feb. 29, 2020. This compares to net income of $248.8 million in the second quarter of fiscal year 2019.
The company reported revenues of $6.6 billion for the second quarter of fiscal year 2020 compared to revenues of $6.5 billion for the second quarter of fiscal year 2019. In the first six months of fiscal year 2020, CHS reported net income of $303.3 million compared to net income of $596.3 million in the first six months of fiscal year 2019.