Grain Outlook Broadcasts for CHS Producers- July 14th

CHS Income

Join us Tuesday July 14th for two different grain market outlook broadcasts via Skype. In light of current social distancing protocols and the inability to hold in-person meetings, CHS wants to continue to bring up to date information to our producers in a safe and timely manner.

You can join this Market Outlook broadcast with your computer, tablet, or your phone. There will be slide decks, however you can simply choose to just listen in if that’s more convenient for you. You’ll be able to ask questions through a chat box during the broadcast or at the end of the presentations.

The first broadcast at 10:00 A.M. will focus on corn and soybeans. Chris Stringer and Justin Friesz, Senior Grain Merchandisers from CHS Global Grain Marketing will share their perspectives on the current markets, the USDA July crop production and supply/demand report, planted acreage, and more.

Our second broadcast at 12:00 P.M. will focus on wheat. Bruce Weber CHS Global Grain Marketing will share his insight and discuss all things related to wheat markets.

Please note that there is a login step for webinar participants.

LOGIN BEFORE JOINING THE WEBINAR!

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

Wheat (noon 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: https://forms.office.com/Pages/ResponsePage.aspx?id=CwkDC_p_q0WkazhxMOwGM_204K0uvaFFljRsmDzR_fNUMDZNWkIzRUw3T01WQk1TQ0NBWks4SUg5WS4u

Wheat link: https://forms.office.com/Pages/ResponsePage.aspx?id=CwkDC_p_q0WkazhxMOwGM_204K0uvaFFljRsmDzR_fNUNEU2SUxXOUVKSEdLVDRUTzJaMlFCR1RYVC4u

Freeing phosphorus: New ways to add crop nutrient availability

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.”

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Micronutrients 101: Going Back to Basics

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.
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CHS reports $125.4 million in second quarter net income

Sunset over a farm

April 8, 2020

Dear Owners:

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.

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Update on COVID-19 from Jay Debertin

Dear valued customers and owners:

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.

Sincerely,

Jay D. Debertin
President and CEO

Ag is 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.

Download the letter here.

COVID-19 Updates

As you are aware, the impact of the global pandemic caused by COVID-19 continues to rapidly evolve. Safety is a core value for CHS and includes a focus on the health and wellbeing of our employees, families, customers and owners, and the communities in which we live and work.

We understand that spring is here, and we want to emphasize; we’re still operating. We are simply adjusting some protocols. We have implemented the following changes effective Monday, March 23, until further notice: 

  • We are limiting access at all locations. We respectfully ask you to contact us through phone or email whenever possible. Some of our locations have enacted split shift schedules; staff that can work remotely have been asked to do so and will be available via phone or e-mail.
  • If you need a grain check, please contact us and we will mail it promptly, deliver it to local bank for deposit or set up a pickup location outside of the office.
  • We have restricted face-to-face meetings. Our grain procurement team 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 everyone involved. 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.
  • For those customers or vendors delivering grain or picking up grain checks, we ask that you limit your time in the office to essential business. At some locations, we are asking drivers to remain in their cab. Please check our location policies or watch for information and direction upon arrival.

We will adjust our practices as necessary in the coming days, weeks or months. Please check our website for the latest updates. Rest assured, it is our commitment that we will continue to provide excellent service and support throughout this unprecedented time, even if we must do it differently. We value your business, your trust in CHS and appreciate your understanding during this time. We look forward to resuming normal interactions as soon as circumstances allow.

A message about COVID-19

With the impact of the global pandemic caused by COVID-19 evolving rapidly, we want to reassure you that CHS is taking steps to protect the health and safety of our employees, our owners and customers, and the communities we serve.

We are developing plans with the goal of continuing to provide the highest possible level of service to our customers and owners. Specific measures include:

  • Close coordination and collaboration to ensure safety and wellbeing of employees, customers and communities
  • Cancelation of annual meetings and other meetings of large groups and limiting visits to CHS facilities
  • Additional use of voice, video and other technology to serve you, our customers and coordinate farm visits
  • Activating plans to flex employees between locations or business units to better serve you
  • New process and rigor for interactions with vendors, suppliers, contractors or other third parties to promote health and safety
  • Fully utilizing our powerful and flexible supply chain and asset base should it become necessary to deliver to or from alternate locations

As the busy spring season unfolds, we will continue to adjust as circumstances change. We don’t take this challenge lightly, but we’re committed to working through it with effective planning, communication and execution. With our talented and committed team, best-in-class assets and our values of safety and cooperative spirit, we are confident CHS will continue to deliver products and services for customers and value for owners.

March 17 Annual Meeting Cancelled

Out of an abundance of caution due to growing international concerns about coronavirus (COVID-19), CHS has suspended meetings and events until further notice. This decision impacts site tours, annual meetings and other events.

This means we are cancelling our annual meeting for Tuesday, March 17, at Shooting Star Casino in Mahnomen.

Details for producer board elections are pending and we will communicate as those decisions are made.

Thank you for your understanding.

Erskine Producer Marketing Meeting – March 11, 2020

On March 11, 2020 starting at 10:00 A.M. CHS will be holding a Producer Marketing Meeting at the Erskine Grain Terminal Ag Service Shop. Featured speakers will be Ed Usset, Ami Heesch, and Matt Erickson.

Ed Usset is a Grain Marketing Specialist and Research Fellow at the University of Minnesota. He also serves as a Grain Marketing Specialist for the Center for Farm Financial Management, and the coordinator of the Minnesota Master Marketer Program, a series of intensive training programs designed to improve the marketing skills of grain producers.  Mr. Usset has also authored numerous publications including “Grain Marketing is Simple (it’s just not easy)”.

Ami Heesch is a Commodity Broker and Market Analyst with CHS Hedging. Matt Erickson is a Corn and Soybean Merchandiser with CHS Grain Marketing.

Following the marketing meeting there will be a free will donation lunch to support Harvest For Hunger. Every March since 2011, CHS Country Operations employees from across the country have worked with farmers, ranchers, community organizations and businesses to fight rural hunger through the annual CHS Harvest for Hunger food, funds and grain drive. Since it began, Harvest for Hunger has raised more than $6 million and 4.5 million pounds of food for local and regional food shelves. All proceeds will be donated to a local area food shelf.

© 2020 CHS Inc.