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]
CORN (Sep 15) 373'4 0'4
CORN (Dec 15) 383'2 -0'2
CORN (Mar 16) 394'2 0'0
HARD RED WINTER WHEAT (Sep 15) 502'6 3'4
HARD RED WINTER WHEAT (Dec 15) 523'0 3'6
HARD RED WINTER WHEAT (Mar 16) 537'4 4'0
SOYBEANS (Aug 15) 970'2 9'0
SOYBEANS (Sep 15) 949'4 10'2
SOYBEANS (Nov 15) 943'0 9'6
LIVE CATTLE (Aug 15) 143.300
LIVE CATTLE (Oct 15) 144.150 - 0.150
LIVE CATTLE (Dec 15) 146.000 - 0.950
FEEDER CATTLE (Aug 15) 208.250 - 0.925
FEEDER CATTLE (Sep 15) 205.850 - 1.175
FEEDER CATTLE (Oct 15) 204.025 - 1.350
LEAN HOGS (Aug 15) 77.425 -0.150
LEAN HOGS (Oct 15) 63.625 -0.475
LEAN HOGS (Dec 15) 60.650 -0.850
WHEAT (Sep 15) 506'6 4'2
WHEAT (Dec 15) 516'0 4'2
WHEAT (Mar 16) 524'4 5'2
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.
CHS Board of Directors approves non-qualified equity redemption policy
The CHS Board of Directors has announced revisions to its non-qualified equity redemption policy affecting the company’s eligible cooperative and producer member-owners.
Forfiscal 2013 and 2014 the CHS Board authorized the allocation of a portion of patronage for those years as non-qualified equity, specifying that non-qualified equity would not be included in the company’s annual equity redemption program. At its April meeting, the CHS Board approved a resolution further clarifying the role and handling of non-qualified owner equity, specifying that:
Non-qualified equity, with the exception of that held by liquidated member cooperatives, is not considered permanent capital on the CHS balance sheet.
Non-qualified equity held by individual eligible producer-members will be managed in the same manner as qualified equity. As such, estates and producer-members who attain age 70 will be eligible to apply for redemption of non-qualified equity.
CHS will identify the amount of non-qualified equity redeemed annually to eligible producer-members and periodically, at the discretion of the CHS Board, pay a proportionate amount to eligible member cooperatives on a pro-rata basis.
“As a board, ensuring that CHS remains strong and continues to help you grow is always our primary objective,” said CHS Board Chairman David Bielenberg. “We look forward to continuing to deliver on that promise by maintaining a sound balance sheet that enables us to invest in the future; provide quality products, services and market access; and return direct economic value to you.”