CHS Inc., leading US farmer-owned cooperative, has announced the appointment of David Neal as general manager for its Wisconsin-based ag retail business, CHS Larsen Cooperative. He starts his new position on Monday, November 25.
David Neal brings more than 25 years of experience in agribusiness, much of that in cooperative management positions. He was most recently with New Horizons Supply Cooperative, where he had been since 2000. As general manager there, he led the co-op to deliver solid earnings, even in agriculture’s challenging times. His background also includes work as a propane plant manager for CHS, giving him deeper insight into the cooperative system along with hands-on experience in one of CHS Larsen’s core business areas.
“As a leader, David has a history of developing teams, building strong
relationships and creating those valuable connections between employees and
customers that are key to what we stand for here at CHS Larsen,” said Steve
Bartel, board chairman, CHS Larsen.
With a career serving Wisconsin agriculture, Neal holds a bachelor’s degree in finance from the University of Wisconsin. He and his wife are originally from the Seymour area and are looking forward to moving back.
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A premium quality THF is engineered with only Group II, Group III or PAO Group IV base oils, along with advanced additive packages and viscosity index improvers. By blending high-quality ingredients in a precise formulation creates a well-balanced, stable product to withstand and protect against the harsh elements of the field.
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It has been reported that China has offered to buy US products which is easing the tension in the trade war, which could mean continuing strength in the Soybean market. Follow that story closely because there is a lot of optimism for the bean market in the coming months. This story has also been followed by rumors of a partial trade deal with China so let’s see what happens. This could have a positive effect on the corn market as it tends to follow the bean market in relation.
Currently, the weather pattern has stayed consistent for the year as being wet, the predicted “blizzard” for North Dakota and Minnesota is also having an impact on the bean market. The window has been small for bean harvest as of late but as of Wednesday Oct. 9th beans have been consistent at 13.5% off the field. Numbers on yields have been reported lower in parts of Iowa, Illinois, and Ohio so if this stays true, we may see a bump in futures from the yield drop after harvest.
If you are reading this, you may already know the results of Thursday’s report. Current estimates are putting stocks down for corn and beans which may run the markets higher already.
If you are like me and are optimistic about bean futures, we
may look at doing a minimum price contract.
Cheaper than storage.
Provides cash flow now.
Lets you participate in the market for a
period and capture a gain.
You can’t do any worse than you get paid up
Will not receive market price, will only get the price of the call.
Minimum price are 5,000 bu minimum.
Example: If you buy a $10 bean call for $0.18 and the cash price is $8.48 you will receive $8.30 (this is the minimum price you will receive). Say the market goes to $11 that $10 call may be worth $1 you sell that call back for a dollar which covers the initial cost and more. If the market were to fall you still get paid your minimum price of $8.30. If you have any questions on this call your grain originator for more details.
Pro-Advantage sign up is continuing, the deadline is December 11. I recommend trying this to diversify your marketing plan and use as a benchmark for your marketing year. There are 1 and 2 year programs and no minimum bushel amounts.
We will be starting a twice weekly grain email – Against the Grain in the coming weeks written by the CHS Larsen Grain staff. If you receive this email you will also receive the update, but if you know of anybody else wanting information let us know and we will get them on the list. They can also click here to sign-up to receive cooperative updates.
Unless you live completely off grid, you have likely heard about the drone attacks in Saudi Arabia. These attacks took out half of the supply of the worlds largest oil processing facility. The markets quickly reacted on Monday, posting a gain of over $8/barrel by day’s end. Gasoline & diesel both showed almost a 10% value increase to end the day.
By 9 a.m. Tuesday morning, the Saudi Energy Minister held a press conference, and to everyone’s surprise he stated that the crippled processing facility should be completely restored in 14-21 days. Within 10 minutes of this news hitting the streets, crude took a 180 degree turn, taking back almost 40% of Monday’s gains. The crude market continued to fall over the day, ending $3.56 in the red. Gasoline followed in crude’s footsteps, taking back more than 50% of the gains it saw the day before.
Seems like we were on the right track, huh? Well, though we were settling down geopolitically, the US gulf coast had different plans. Looks like Texas is in for a little tropical storm. TS Imelda started forming right off the gulf coast. Eastern Texas refineries are preparing for some pretty heavy rain and flash flooding. This has the potential to not only hinder refinery production, but there is a pretty big possibility that the Houston ship channel could be closed to marine traffic. This is just plain old bad timing.
Because crude oil typically reacts more from worldwide events, it continued to retreat over the next 24 hours, taking back 65% of Monday gains. Gasoline followed crude retreating with a pretty significant loss. But locally, diesel fuel is reacting to not only the drone attacks, but the fear of what Tropical Storm Imelda may bring to Texas’s eastern coast. By the time final values came out Wednesday night, diesel had climbed 20% since last week’s close.
Typically, we see higher diesel prices in the fall due to supply/demand during harvest season. Because of the poor planting season, I think marketers expected a flatter market than normal. However, taking the drone attacks, Tropical Storm Imelda, all of the sanctions recently put in place with China & Iran and the interest rate cut as of yesterday, fall harvest season may be more volatile than anyone could have imagined. Hold on tight, we may be in for a wild ride!
The grain markets have had a nice bump over the past few weeks followed by typical pull back. With a lot of uncertainty yet in the Chinese trade talks I believe it is beneficial to remain patient. New beans are over $8 for the time being, which as my dad would say is, “better than a sharp stick in the eye”. However, until something gets settled I would not expect it to make a major comeback.
As I have said it is never too early to look to next year, consider utilizing some of our programs that have no minimum bushel amounts. The Pro-Advantage program sign up is beginning now. I think it’s a good idea to put some bushels into it. Pro-Advantage is a controlled program where a third party will do background trading on your bushels to capture higher prices. It is a good way to versify your grain marketing.
As I said there are no minimums and we have the updates on our website, and you can also sign up to receive them via e-mail. Contact your grain originator for more information or to sign up for the program, as well as any other program that you may be interested in. We will be offering average price and a few other new programs that may fit your marketing needs.
Written by Michael Steingraber, CHS Grain Originator
16, 2019) – CHS Larsen Cooperative announced today a
$5,000 grant to Weyauwega-Fremont High School. The funds will support the
Weyauwega-Fremont Agriscience Department to purchase grow towers. The grow
towers will be located in the ag department. Students from Agriscience classes
will be involved in planting, monitoring and harvesting of lettuce and other
vegetables. Once harvested the product will be given to the school lunch
“We’re proud to support this project to
strengthen the community and see it thrive,” says Anne Moore, Marketing
Communications Specialist, CHS Larsen Cooperative, “Projects like this are
essential to enriching our rural area and the people who live here.”
During the 2019-20 school year, the agriculture
courses in the Weyauwega-Fremont School District plans to implement the use of
the tower gardens to provide a minimum of 75 pounds per month of leafy
vegetables to the food service program. They also plan to use these towers to
make students more aware of opportunities in agriculture. Tower Garden, a vertical, aeroponic growing system,
allows you to grow up to 20 vegetables, herbs, fruits and flowers in less than
three square feet—indoors or out. Which makes them the perfect companion in
your journey toward healthy living.
Weyauwega-Fremont wants to create a program that will allow
students to not only apply all the math, science, and
technology knowledge they learned in the classroom, but to also increase their
love for those subjects so that they can pursue career paths in their interest
areas. Agriscience classes that will have the opportunity to grow food for the
school lunch program includes Horticulture, Aquaculture, Intro to Ag and all
middle school ag classes. Their intent is to demonstrate to students that their
learning is not compartmentalized, but rather spread across all areas of their
lives. The math, science and language skills they learn will be used in all
environments, whether they are simply cooking dinner or if they are out working
on the job site. The other long-term impact they hope to grow is the
partnership with community members and the school district.
The school district would like to not only have
this aeroponic component added, but also have plans for future expansions to
this program. Their curriculum outcome and long-term impact goal is the hope
that these memorable experiences will spark the interest and the drive students
need to find that purpose for their learning and for our students to take
ownership of their learning process and see how their knowledge will be the
greatest asset they have for future success.
Funds were contributed by CHS Larsen Cooperative
and were matched dollar for dollar by a CHS Seeds for Stewardship grant, which
helps cooperatives grow their impact locally. Together more than $5,000 will
benefit Weyauwega-Fremont School.
“Cooperatives were founded on the principles of
education, community involvement and cooperation,” says Wade Blowers, Interim
General Manager, CHS Larsen Cooperative. “By combining resources, we are
providing double the impact to our area and demonstrating the cooperative
Sandra Dykes, the Agriculture instructor at
Weyauwega-Fremont says, “these towers allow our school to provide many more
opportunities for our students as well as teach them how to grow their own food”.
To learn more about other ways CHS Larsen Cooperative gives back, click here.
On Thursday, September 12, the Outagamie Forage Council held
their first corn silage dry down day event. Forage Council Executive Board
Members John Schneider and Tom Rose, CHS Agronomist, assisted with testing samples.
Kevin Jarek, Crop Soils Horticulture Agent for UW Madison Division of Extension
was there to oversee and record all sample numbers.
Everyone is well aware that the corn is still wet! However,
this was a good opportunity to start seeing where it was at. They received
samples from Wrightstown-Freedom area as well as Stephenville to Hortonville. Most
of the samples ended up being in the mid-to-high 70s. There was one sample as
high as 83. (70% moisture – 30% dry matter).
When it comes to storing corn silage there are different
desired moisture levels for each type of storage. Bags – 60-70%, Bunkers – 68-70%,
Bank – 65-67%, Upright depends on the size but usually it should be – 65% or
If you interested in seeing the exact sample readings Outagamie Forage Council posts them online, this will be coming soon, click here.
The forage council will be hosting five more dry down day events. Click here to see the schedule.
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