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.
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!
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.
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.
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.”
Mayo Clinic in Rochester, Minn., is the nation’s leading hospital, which makes it no surprise that the facility was one of the first in the state to set up mobile testing in March as the COVID-19 pandemic began its spread across the U.S.
While health care workers began to mobilize and logistics were put together, Mayo Clinic’s main contractor, Benike Construction, reached out to the CHS facility in Rochester to help figure out how to use propane to get heat into the facilities. CHS was ready for the task.
Answering the call was certified energy specialist Ken MacIver, who works to sell Cenex® products and propane to customers across the Rochester area. “There was certainly no textbook on how this would all work, so several entities were brought together, including our Country Operations location,” he says.
MacIver quickly began meeting at a six-foot distance in parking lots with Mayo Clinic compliance, Mayo Clinic health care departments, electricians and Benike Construction. “There was a lot of trial and error for procedures, systems and safety but the first mobile site got up and running the first weeks in March,” he says.
In the following weeks, more sites were put together resulting in a drive-thru clinic on each end of town and a walk-in clinic at the Mayo Clinic parking lot in downtown Rochester. To keep patients and health care workers at the drive-thru sites warm, three, 500-gallon propane tanks were hooked up to heaters. The walk-in clinic relies on two diesel generators for electricity and a 1,000-gallon propane tank hooked up to heaters.
“The entire CHS propane department in Rochester and our drivers were outstanding during this whole process,” says MacIver, who credits the entire team, but specifically propane manager Brian Crowson. “Changes were happening quickly, and Brian would put down other things he was working on to get to Mayo quickly if a change or fix was needed.”
CHS continues to fill the tanks while the heat is still needed. MacIver says the experience has been both gratifying and humbling. “It’s been an honor to represent CHS and the cooperative system alongside Mayo Clinic, a world-renowned health care organization that is working to make a positive impact on the community during these uncertain times.”
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.
As our essential businesses work to meet spring season demands amid the COVID-19 pandemic, we continue to focus on the health and safety of every person and community connected to CHS and the cooperative system.
We want you to know that CHS remains fully operational and committed to providing the essential products and services you need. Our supply chain is prepared and moving into action as spring fieldwork begins. Grain is moving and the spring shipping season has begun. We are grateful for those positive signs.
Thank you for your business. Please let us know how we can help you navigate through the days and weeks ahead.
We are limiting access at all locations and have eliminated walk-in traffic. Our staff members are available via phone (calls and texts) and email to fully serve your needs during this time.
If you are visiting a CHS location, please remain in your vehicle and call the location phone number you are visiting.
We have restricted face-to-face meetings. Our sales staff will conduct business via phone, text or email. As a company that prides itself on the relationships we have built, this will be a difficult change. However, face-to-face meetings pose a greater risk for all parties. If you need to conduct critical business that requires an in-person meeting, please call for an appointment to confirm access to the facility and availability of staff. All visitors to our office will be required to complete a questionnaire before entering our facilities.
For seed deliveries:
Those seed orders requested to be delivered will have the receipt either emailed or texted to them. You will have 48 hours to confirm the order by replying to the emailed receipt or the order will be automatically approved
Once order is delivered to your property, the employee delivering the order will take a picture of the receipt and the load delivered
For any questions, call Tim Gehling at 507-923-3066 or Jordan Thiel at 507-951-8125
A list of department manager contacts can be found here: