CHS has announced open enrollment for spring wheat contracts through CHS Pro Advantage now through December 13, 2017. Corn and soybeans contracts are also included in this enrollment period.
CHS Pro Advantage gives growers access to industry experts at CHS Hedging/Russell Consulting Group, a wholly-owned subsidiary of CHS, to price and sell their grain. This helps to manage risk while delivering superior profits even during a tough market.
“With wheat futures falling from three-year highs seen just a few months ago and volatility following USDA’s August report, now is the time to commit bushels for professional management and marketing by our hedging experts,” said Kent Beadle, director, Russell Consulting Group.
Growers can enroll 2018 and 2019 bushels. Bushels in the one-year program will be priced between Dec. 18, 2017 and Aug. 24, 2018. Bushels in the two-year program will be priced between Dec. 18, 2017, and Aug. 23, 2019.
If you’re interested in knowing more, contact your local CHS grain team for more information or visit the CHS Pro Advantage website.
CHS Big Sky will be holding three Land as Your Legacy seminars in early November!
If you haven’t already started thinking about your farm or ranch operation and what will happen to it in the future, then the time is now!
Please see the following fliers for dates, times and locations!!
We look forward to seeing you there!
Friday, October 13, is Global Fertilizer Day, established by the fertilizer industry as a way to help highlight the essential role fertilizers play in global food production. “About half of the world’s food production is attributable to the use of fertilizer, yet our industry commonly faces incorrect public perceptions about its importance,” says Michael Johnson, CHS Agronomy director of marketing.
CHS is proud to announce that October is National Cooperative Month. After all, what better time could there be than during harvest to reflect on everything cooperatives do for the farmers and ranchers who own them? As you’re busy bringing in your harvest, consider how rural co-ops, empowered by the combined strength of its owners, ensure the steady supply of affordable inputs that make your crop possible.
At its September meeting, the CHS Board of Directors made a number of decisions regarding equity management. The following letter from CHS Board Chairman Dan Schurr outlines these decisions:
Dear Cooperative Owner,
CHS was built on the shared values of managing our business with the highest integrity, building lasting and mutually rewarding relationships, and partnering for our collective success.
These values guide every decision your CHS Board of Directors makes on your behalf. Thanks to the dedication and hard work of those owners and employees that came before us, CHS is a cooperative that’s been built for the long haul. Your Board of Directors will ensure that tradition continues. It’s with this spirit that we share recent Board decisions around equity management.
Despite solid performance in our core businesses, a few large events have resulted in substantial fiscal 2017 financial losses in certain patronage-based businesses. These events included a loss attributed to a large producer loan and business unit asset impairments in the United States.
There was a small uptick in phosphate sales ahead of Hurricane Irma’s arrival in Florida, where the bulk of North American phosphate production is located. Phosphate facilities there shut down as part of their hurricane preparedness plans.
Early reports from manufacturers are that damage at the facilities appears to be limited, but full assessment will take time. Some finished product has sustained water damage but no exact estimates have been released yet.
A major manufacturer expects to be able to resume production fairly soon, but says its third quarter production volumes could be impacted by the storm disruptions. It had stopped making price offers to either domestic or international customers until late Thursday, Sept. 14. The market has reacted and prices moved up significantly late last week.
Several import vessels of phosphates are arriving in the Gulf this month, including one vessel with CHS cargo, which arrived and was unloaded in between hurricanes. Most of that product is now making its way up the river system.
Staff at CHS terminals are busy filling orders and working with accounts to get product in position before the busy harvest season gets underway across the Cornbelt. CHS is working hard to make sure producers are being kept informed of any supply changes or concerns that might arise from the recent storm damage to production facilities or transportation infrastructure.
This satellite image shows the Pacific Northwest smoke and burning areas on September 5, 2017. SOURCE: NASA
Western wildfires have much of Washington, Oregon, Idaho and Montana under a thick blanket of smoke. And while the smoke is cancelling and rescheduling sports activities, it is also causing concern for the state’s ranchers.
Montana State University Extension office has released this write up on what you should be looking for following the fires in Montana for the health concerns of your cattle.
CHS Big Sky has set up an account for the East Fork Fire. You can donate money at any location near you to help fund FUEL and SUPPLIES for those fighting the fire! We want to thank all of the men and women out there working hard to get things under control! Also, we would like to thank Tess Lankford for getting the ball rolling on this fundraising idea!
The CHS Foundation, funded by charitable gifts from CHS Inc., is committed to developing the next generation of leaders in agriculture. As part of the foundation’s work centered on advancing agriculture education, it has awarded scholarships to six Colorado high school graduates. The Colorado students are among 100 students representing 23 states and Canada. Each will receive a $1,000 scholarship to cover expenses associated with their freshman year of college.
“The success of our hometown communities and rural America depends on students with a strong interest in agriculture to pursue ag-focused degrees and be the innovators to feed the world into the future,” says Nanci Lilja, president, CHS Foundation. “We’re pleased to recognize these students with scholarships and join their communities in looking forward to the important contributions they’ll make to the ag industry.”
These Montana high school students are among the 2017 CHS scholarship winners:
- Madison Hill, St. Regis, Mont.; Montana State University – Bozeman; Agricultural Business/Animal Science
- Reece Hutton, Turner, Mont.; Dickinson State University; Agriculture Business & Finance
- James Jensen, Lavina, Mont.; Montana State University – Bozeman; Biology, with an Agriculture Degree
- Kelsey Kraft, Billings, Mont.; Montana State University – Bozeman; Agricultural Education
An independent, external committee selected recipients based on their career goals, essays, extracurricular involvement, transcripts and reference letters. In addition to high school scholarships, the CHS Foundation funds an additional 200 scholarships for students enrolled in an agricultural-related program at colleges across the country. These scholarships range from $1,000 to $2,000 and are directly administered by more than 30 CHS partner schools. Click here for more information.
About the CHS Foundation
The CHS Foundation is funded by charitable gifts from CHS Inc., the nation’s leading farmer-owned cooperative and a global energy, grains and foods company. As a part of the CHS stewardship focus, the CHS Foundation supports organizations that develop future leaders for agriculture through education and leadership programs, improve agricultural safety and enhance community vitality in rural America. Learn more at chsinc.com/stewardship.