*Notice for Ruthton Grain Deliveries*
We will be taking CORN ONLY Wednesday, August 12th and Thursday, August 13th while we get the corn train loaded. We appreciate your cooperation with our adjusted schedule.
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.
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 the way we’d like, CHS wants to bring market information to you, our producers, in a different way. At 10am CST on Tuesday, July 14th, Chris Stringer (CHS Corn Trader) and Justin Friesz (CHS Soybean Trader) will be sharing their perspective on the current corn and soybean markets, the July report, and more.
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.
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.
Les Klukas has been with CHS for the past 21 years and the cooperative system for 30 years. He started his career with Farmers Coop of Balaton, which is now part of CHS based out of Brandon, SD. Les grew up in Balaton where he graduated high school and went on to attend St. Cloud State University, obtaining his Bachelor of Science degree in Business Management.
Les began his career as a Certified Energy Specialist in 1998 in Western IA, where he later managed the energy department. In 2002, Les started with CHS Propane as a Wholesale Account Manager and later transitioned to CHS Hedging as an Energy Market analyst in 2008. He returned to CHS Propane in 2013 as a Sr. Account Manager before moving to the CHS Energy Equipment group in 2017.
Les will learn and develop the knowledge for the CHS trade territory based out of Brandon, SD in the coming months and lead the group upon Chuck Springman’s retirement on September 1, 2020. Having Les on staff for the next few months will allow Chuck to mentor, train and transition the remarkable energy business that has been built over the years under Chuck’s direction. With Les’ wealth of experience in the energy industry, we look forward to a smooth transition and continuing the high-quality products and service you’ve come to know and trust.
CHS, based out of Brandon, SD, has cultivated opportunity for our next generation of agricultural students by awarding twelve, $500 scholarships to local high school seniors pursuing post-secondary education. This scholarship program is in its second year and as we extended our trade territory, we also extended the program from ten to twelve scholarships. We are proud to announce this year’s recipients.
There was an outstanding group of applications, the future is bright for all of these students. For more information on our scholarship program, please visit our scholarship page. Applicants must be a high school senior from the local CHS trade area, have a desire to work in the agricultural field and show enrollment in post-secondary education. Primary consideration will be given to applicants whose high school academic performance is high while demonstrating the qualities of leadership, passion for the industry, integrity and community involvement. Please check back in early 2021 for the next scholarship program details.
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.”
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.