Daily Ag News for Headline News and Daily blogs about the markets that matter to you.  [Read More]
For the most up to date Market Quotes.  [Read More]
We have several locations for all your local Grain & Agronomy needs.  Find a location near you and contact us today!  [Read More]
 

Quote Ticker
  • CORN (Sep 15) 362'6 -0'4 8/28/15   1:19 PM CST
  • CORN (Dec 15) 374'2 0'0 8/28/15   1:19 PM CST
  • CORN (Mar 16) 385'6 0'2 8/28/15   1:19 PM CST
  • HARD RED WINTER WHEAT (Sep 15) 456'6 -6'6 8/28/15   1:19 PM CST
  • HARD RED WINTER WHEAT (Dec 15) 482'6 -4'6 8/28/15   1:19 PM CST
  • HARD RED WINTER WHEAT (Mar 16) 497'0 -5'0 8/28/15   1:19 PM CST
  • SOYBEANS (Sep 15) 894'4 7'0 8/28/15   1:19 PM CST
  • SOYBEANS (Nov 15) 886'0 6'4 8/28/15   1:19 PM CST
  • SOYBEANS (Jan 16) 891'4 7'0 8/28/15   1:19 PM CST
  • LIVE CATTLE (Aug 15) 146.025 1.875 8/28/15   1:54 PM CST
  • LIVE CATTLE (Oct 15) 144.000 1.425 8/28/15   1:54 PM CST
  • LIVE CATTLE (Dec 15) 146.025 1.200 8/28/15   1:54 PM CST
  • FEEDER CATTLE (Sep 15) 202.875 2.050 8/28/15   1:53 PM CST
  • FEEDER CATTLE (Oct 15) 199.325 1.850 8/28/15   1:52 PM CST
  • FEEDER CATTLE (Nov 15) 196.775 1.725 8/28/15   1:48 PM CST
  • LEAN HOGS (Oct 15) 66.650 -0.625 8/28/15   1:54 PM CST
  • LEAN HOGS (Dec 15) 62.050 8/28/15   1:54 PM CST
  • LEAN HOGS (Feb 16) 66.300 -0.250 8/28/15   1:47 PM CST
  • WHEAT (Sep 15) 477'6 -7'2 8/28/15   1:19 PM CST
  • WHEAT (Dec 15) 483'6 -6'0 8/28/15   1:19 PM CST
  • WHEAT (Mar 16) 491'4 -6'0 8/28/15   1:19 PM CST


 

News


CHS invests for assured fertilizer supply
 
CHS today announced it has taken a historic step that links member cooperative- and farmer-owners to long-term assured product supply, efficiency and economics.
 
CHS and CF Industries Holdings, Inc. have agreed to enter into a strategic venture through an equity investment agreement and a fertilizer supply agreement through CF Industries Nitrogen, LLC. The agreement includes a record $2.8 billion investment by CHS in nitrogen fertilizer manufacturing, through CF Nitrogen.
 
“This investment links CHS strength as the nation’s largest fertilizer wholesaler with CF Nitrogen’s manufacturing platform, creating supply sourcing efficiency and economics for our owners,” said Carl Casale, CHS president and chief executive officer. “In short, through CF Nitrogen, CHS will be able to add direct value and provide sustained access to dependable, patronage-eligible fertilizer products comparable to our successful 70-year-old petroleum refining platform.”
 
As part of the announcement, Casale also announced that the company has made a separate decision against moving forward with construction of a proposed fertilizer plant at Spiritwood, N.D., noting that CHS has been a committed North Dakota business and neighbor since its 1931 founding and looks forward to a bright future that includes other investments in the state.
 
“Our long-term goal has always been to add value for CHS owners through investment in the nitrogen fertilizer manufacturing space. To that end, we’ve continued to look at a variety of options, including the Spiritwood project,” said Casale. “Ultimately, we determined that the construction cost, water supply challenges, overall risk profile and time required for the Spiritwood project had changed significantly since it was first considered. As a result, we concluded we couldn’t achieve the level of returns needed to justify the increased costs and risks.
 
“We deeply appreciate the tremendous support and assistance from the Jamestown and Spiritwood communities, North Dakota’s governor, elected officials and state agencies and organizations like the North Dakota Farmers Union; and other government leaders who have supported us through our due diligence process.”
 
Given the dynamic market for nitrogen fertilizer manufacturing and distribution, investing in CF Nitrogen creates access to more immediate benefits to CHS owners and customers than a four-year plant construction window, Casale said. An investment in CF Nitrogen enables CHS to serve its entire customer base through geographically diversified production and multiple transportation modes – including truck, rail and barge – that leverages the CHS distribution system and risk management expertise, he said.
 
CHS will make the investment in CF Nitrogen, LLC, on Feb. 1, 2016, meaning access to supply and any patronage stream opportunities will be available to eligible CHS owners and customers for the spring 2016 growing season and CHS fiscal 2016 results. CHS estimates that its new relationship with CF Nitrogen LLC will meet about 46 percent of its cooperative- and farmer-owners’ current supply needs. The company will continue to source product from other long-term suppliers to ensure that its owners’ and customers’ needs are met. The LLC agreement will include primary CF nitrogen fertilizer facilities at Donaldsonville, La., Port Neal, Iowa, and Yazoo City, Miss., with a Woodward, Okla., facility added by transaction closing.


IRF Farm Show
Come see your local YieldPoint Specialists at the IRF Farm Show in Yuma, CO August 12th & 13th! Learn all about our precision ag services and tour the Variable Rate Irrigation Plot! Free popcorn and root beer for all!




Mel Domine named to PNW Region Vice President

From:  Lynden Johnson, executive vice president, CHS Country Operations

I am very pleased to announce the appointment of Mel Domine to Vice President of our PNW region, effective September 1, 2015. This gives him transition time with Nick White before Nick’s retirement in October. In his new role, Mel will oversee the planning, operations and producer board relationships with our Country Operations business units in Washington, Oregon and Idaho.
 
Serving agriculture for 33 years, Mel has moved through progressively responsible leadership positions in the cooperative system. After an early stint as a vocational-agriculture teacher, he moved into co-op management in North Dakota and Minnesota. Mel was instrumental in bringing then Big Stone Co-op into our now Clinton, Minnesota-based Country Operations business unit. He has been the general manager of our Yuma, Colorado-based group since 2008, leading it through the M&M Cooperative transition into CHS and steadily growing it in volume and scope.
 
Raised on a North Dakota cattle and grains farm, Mel earned degrees in Agriculture Mechanization and Agriculture Education from North Dakota State University – Fargo.
 
Please join me in congratulating Mel on his new position. We are excited to keep his experience and skills within the Country Operations division as we continually look for enhanced ways to help our owners grow.
 


 
 


Customer Resources

 
Announcements


Now Available:  DPP Grain Desk

Make, Manage and Monitor your offers electronically.
 
• Make firm offers to sell your grain electronically
• Cash, Basis and Futures Fixed contracts
• Change/Manage target prices 24 hours/day
• Monitor cash bids and basis charts
• Market Commentary and USDA Reports
• Exclusive Smart Phone app
 

 

 

Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN