12/3/2021

 

 

 

 

 

Next Growing Season
By Scott Chase, Energy Department Manager
 

As the 2021 harvest is completed it is time to sit back and start determining what we need for the next growing season. Fuel oil and tires are some of the essential items that will be needed on the list. Staff at CFC is working on price contracts for the 2022 year. As we all know our supplies are low and in demand, which makes it hard to find prices that we like, and people are uncertain when they will level out. We’re finding tires for everyone’s needs but don’t wait till the last minute to place your order.

The propane trucks have started round two on their routes for delivery. With the advancements in technology, Central Farmers Cooperative is moving forward in the coming year by installing tank monitors on all rental propane tanks. The monitor will only cost the customer $4.00 a month and will be used to help keep track of propane levels and when they will need to be filled. By applying the monitor, it will hopefully reduce the number of after-hours calls and shortages. I hope everyone had a great Thanksgiving and we appreciate your business!

Start Planning
By Troy Rueb, Location Manager, Irene & Viborg

With harvest nearing the end and the holidays right around the corner the 2021 season is coming to an end. This year has been full of unknowns. Starting with how much rain we will get, what will harvest numbers be like, to supply issues. These unknowns are what keep us all on our toes with trying to strategize on what our next move will be and will it be the right one.

It is not a secret that with everything going on in our world today we need to make not only quicker decisions but also try to make the best decisions possible. Delaying a decision in today’s world could cost thousands. Give CFC a call and start planning for next spring. We offer a variety of chemicals, seed, seed treatments, fertilizer, and custom applications, as well as equipment for the “do it myself” farmer. Believe it or not, I’m still a “HUSKER FAN,” GBR. Thank you for your continued support of CFC.

Happy Holidays

Strategies
By Royce Bialas, Location Manager, Dimock


As I write this article corn is up 7.5 cents, beans are up 7 cents and winter wheat is up 16 cents. Grains have made a rebound from the recent lower market.

Corn exports are slow for this time of year, but ethanol margins are still very good. This is helping the market stay at the current levels. The dollar is getting strong to keep a lid on this export market. I feel this corn market will stay at these levels for a few reasons. Crop inputs on corn will be much higher next year so the market needs to buy those acres, or they will switch to beans. Also, with the export market slow right now, if that would change and start selling abroad, we can see this market run higher to control our own carryout needs.

This soybean market has been sluggish for a few reasons. The high dollar sends the countries needing beans to South America which has cheaper bean offers. Exports are slow and Brazil, at this time, looks to have a good crop coming, although the “La Nina” weather pattern has given this market a little support with its strengthening. We will watch and see if this has some affect on South American crop!

With the beans, I feel the crop is looking ok at this time and the possible acre increase in the USA may keep a lid on any big moves higher. Some supportive news is American Airline did a test flight using soy oil for one of its engines. The new bill that the Biden Administration is trying to pass will help the soy oil and ethanol industries. We need to see how that all goes currently. Crude oil has also come off its highs, so it has put pressure on the soy oil market.

There aren’t many new things here for wheat currently. Exports are very poor. I feel we should be making a few new crop sales and at least 50% of our old crop should be priced at this time.

Call any of your local grain merchandisers with any questions. Find out the strategies they may have to maximize your sales dollars.