Grain Outlook Broadcast

In light of current conditions with COVID-19 and the inability to have in-person meetings they way we’d like, CHS wants to bring market information to you in a different way. At 10am CST on Tuesday, July 14, Chris Stringer (Corn) and Justin Friesz (Soybeans) will be sharing their perspective on the current markets, the July report, and more.

These sessions will be held on Skype Broadcast. Skype is a web-based meeting so it’s very user friendly for you to join in using your computer, tablet, or phone.

Please note that there is a login step for webinar participants, so please login before the webinar begins.

Corn and Beans (10 a.m. Central): Please click here to enter your name and location information shortly before the webinar starts.

The links will become active 15 minutes prior to the start. To allow time for the registration process, we ask that you plan to register at least five minutes before the webinars start. 

Corn and Beans link

We hope you can join us for this Grain Outlook Forecast and reach out to any of the CHS Grain Procurement team with any questions.

Ag is an essential infrastructure. CHS locations continue to operate.

Minnesota Gov. Tim Walz has issued a Stay-at-Home Order related to the COVID-19 pandemic. The order will be in effect from 11:59 p.m., Friday, March 27, through Friday, April 10, 2020. Consistent with guidance from the United States Department of Homeland Security, the order exempts certain essential infrastructure and services, including agriculture and food.

After a full review of the order, CHS has determined that its operations fit within this exemption and we will continue to operate to provide essential products and services so cooperatives, retailers and farmers can plant and grow crops, raise livestock and bring the food they produce to market.

Below is a note from CHS to our customers in Minnesota.

CHS reports fiscal year 2020 net income of $422.4 million

CHS income

CHS reported net income of $422.4 million for the fiscal year that ended Aug. 31, 2020. This compares to fiscal year 2019 net income of $829.9 million.

Key financial drivers for fiscal year 2020 include:

  • Consolidated revenues of $28.4 billion for fiscal year 2020 compared to $31.9 billion for fiscal year 2019.
  • Strong supply chain performance in our propane business driven by efficiently sourced propane to customers to meet strong crop drying and home heating demand that contributed to improved results especially during the first half of fiscal year 2020.
  • Less advantageous market conditions in our refined fuels business, primarily driven by the COVID-19 pandemic, resulted in volume and price declines that significantly reduced earnings compared to the prior year.
  • Poor weather conditions negatively impacted our Ag segment’s operations during the first half of fiscal year 2020, resulting in lower crop yields and poor grain quality following a late harvest and lower crop nutrient sales during fall 2019.
  • Improved weather conditions during the 2020 spring planting season drove increased earnings across much of our Ag segment in the second half of fiscal year 2020.
(more…)

Cenex® Gift Cards for Gallons Started November 1

Starting November 1, 2020 through February 28, 2021, end-user customers can earn one $50 VISA® gift card for every 100 gallons of qualifying lubricant and grease products purchased.

Eligible lubricant products include:

  • Irriflex®
  • Maxtron® DEO
  • Maxtron® Enviro-EDGE®
  • Maxtron® GL
  • Maxtron® THF+
  • MP Gear Lube
  • Qwiklift® HTB®
  • Superlube 518®
  • Superlube TMS®

Eligible grease products include:

  • Corn Head Grease
  • HD Moly Xtreme
  • Poly-Xtreme®
  • Maxtron® EP
  • Blue Gard® 500+™
  • Fluid Gear Grease
  • Molyplex 500+
  • ML 365®
  • Red Protect XT®
  • Maxtron® FS

To redeem purchases, end-user customers must complete a redemption form, attach their detailed invoice(s) and/or receipt(s), and mail the documentation as instructed no later than April 6, 2021.

Article courtesy of Cenex Fuels & Lubes

Jay Debertin: Update to CHS owners

Dear CHS owners:

Corn and soybean harvest is well underway, and it’s been a good fall. We’re glad to see that progress, although this week’s weather has forced a pause in many areas. We hope you are enjoying a safe, productive season and look forward to speaking with you at the virtual 2020 CHS Annual Meeting on Dec. 3.

Thank you for your business. Please let us know how we can help you complete this season and move into 2021.

Click here to hear more from CHS President and CEO Jay Debertin.

Control the chaos of harvest

corn harvest

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.

(more…)

Funds Available to Improve Safety on Minnesota Farms

Minnesota farmers who want to add safety equipment to their on-farm grain storage facilities can now apply for the Minnesota Department of Agriculture’s (MDA) new Grain Storage Facility Safety Cost-Share program.

The program reimburses up to 75 percent of the cost to buy, ship, and install eligible safety equipment for on-farm grain bins or silos.

The MDA is accepting applications through June 30, 2021, or until all funds are exhausted. Funds will be awarded on a first-come, first-served basis.

For more information and to apply, visit the MDA’s Grain Storage Facility Safety Cost-Share webpage.

Warning signs your diesel is water-contaminated

By Chad Christiansen, Product Quality and Additives Manager in Agriculture and Farming, CHS from the Cenexperts blog

filling a tractor with diesel fuel

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.

(more…)

CHS Pro Advantage: Professional pricing for your grain

With the CHS Pro Advantage contract, you rely on the commodity trading experts at CHS Hedging to professionally price some of your corn, soybean or wheat bushels. It’s a simple way to diversify your marketing.

• Take some of the emotion and worry out of marketing
• Turn decision-making over to experienced traders
• Gain insights that help you when selling other bushels
• Have benchmarks for evaluating your marketing plan
• Save time so you can focus on the rest of your operation

Here’s how it works: You commit a specific number of bushels (no minimum) for a specific delivery destination. The CHS Hedging professionals price your bushels over a set period of time. Cash settlement price is based on the performance of the futures and options traded in the program by the professionals. You’ll receive monthly updates and marketing insights. The basis decision remains with you. Ask us about CHS Pro Advantage today!

Grain Contacts:
Kasson
Aaron Ulland, Grain Originator – 651-355-6096

Ostrander
Jared Schaefer, Grain Originator – 651-355-6097

St. Charles
Brady Beyer, Grain Originator – 651-355-6231

© 2020 CHS Inc.