Img Homepage Header

Landmark Services Cooperative donates over 81,000 meals to families in need

Landmark Services Cooperative donates over 81,000 meals to families in need
Ag cooperative and food banks have shared mission to feed the world

COTTAGE GROVE, WI, Dec. 28, 2018 – During the season of giving, Landmark Services Cooperative (LSC) did just that to help local families in need. Thanks to the generosity and caring nature of the employees, members, and business partners, LSC was able to raise and donate 81,982 meals to Second Harvest Foodbank through their NBC15 Share Your Holidays campaign.

LSC is proud to be a diamond sponsor and support this campaign to help end hunger in our communities. This is the sixth year of partnering with Second Harvest Foodbank of Southern Wisconsin on the NBC15 Share Your Holidays campaign. The foodbank receives over one million requests for help with food security in the 16 counties it serves.

Together, over the course of the campaign employees and members participated in various events, including an online auction, closet clearance sale, pumpkin carving contest, soup & bread contest, dessert bake-off, pie in the face contest and much more. Money raised from each of the events was donated to the campaign.

“Our Landmark team truly exceeded all my expectations with their generosity and big hearts during this campaign. The impact their donations will have in our local communities is absolutely remarkable,” said a heartfelt Shannon Horstmeyer, executive assistant of LSC.

Posted in Landmark News

Grain News – Lock in your Future Price

Hope everyone had a Merry Christmas!

Both corn and beans had a bit of a dip during this holiday season. The explanation I have seen for the drop in price is other countries including the UK and South America have had better grain numbers than expected. With all of the new technologies and information on growing crops I would assume you are not surprised when yields are higher than expected. I would be confident in saying that great yields every year is to be expected, unless significant weather issues occur.

However, looking in to fall 2019 the numbers seem to have not taken as much of a hit. Even looking into fall 2020 the numbers are still positive. Locking in a HTA for 2020 is a way to lock in your future price and set your basis when they are available.

As 2018 comes to an end, you should have a small percent of your grain for next year contracted. If you are unsure of when you should market or how much to contract contact your local grain marketing specialist.

Kasey Baker

Posted in Blog, Grain

Grain News – Quiet Markets in Holiday Mode

The grain markets are quiet this week with traders already in holiday mode. Last week’s WASDE report did not give anything new for the market to trade from. Ethanol demand was reduced by 50 million bushels; otherwise not many changes. The ethanol margins continue to be weak with more reports of plants slowing down grind or shutting down completely.

There has been some Chinese buying of soybeans, but not to the extent that will cause the burdensome supply to go away. Despite rumors that China would also buy some U.S. corn, there have been no confirmations yet.

This morning’s export sales report showed soybean exports larger than expected at 104.2 million bushels. This was the highest total for this marketing year. Even with these purchases by China, U.S. soybean sales remain 33% below last year. The USDA is forecasting just a 11% drop in soybean exports.

Corn exports were reported at 77.7 million bushels vs 35.6 million last week and wheat was lower than expected at 11.5 million bushels vs. 25.7 million last week. Corn exports continue to be decent for the year showing good demand. This will be needed going forward to help support some weakness in ethanol demand.

The average estimate for today’s Cattle on Feed Report has the number of cattle placed in November at 94% of a year ago. The number of cattle on feed is pegged at 102%. The Hogs and Pigs reports come out today as well with all hogs inventory being estimated at 102.7% of a year ago.

There is more chatter about dryness in Brazil’s center south region. Reports of some localized damage due to dry conditions are being reported. Brazil state statistics agency lowered its soy production forecast for the state of Parana to 19.1 MMTs, down from 19.6 MMTs. There is rain forecast in many of these regions in the next two weeks however this is worth keeping an eye on.

Will the second round of Market Facilitation Payments cause more selling of soybeans? Or will it allow more time so that sales can be put on hold for a bit?  With the $1.65 added to the average sales price received this fall many producers have a price average well over $10.00 for their 2018 soybean production.

With lower volumes being traded over the holiday season the markets can move around a bit and a short-lived price jump could occur. Now is the time to sit down and look at how 2018 marketing plans worked or didn’t work and use that information to put together plans for old crop and the 2019 crop.  Having working offers at your pricing targets is a great way to get some sales on and get started with a marketing plan. We can help put together a profitable plan for your operation. Call us and set up an appointment with one of our marketing specialists today.

Merry Christmas!

Doug Cropp

 

Posted in Blog, Grain

Grain News – Market Facilitation Payments

jim photoYesterday in Washington the President has authorized the second round of payments from a 12-billion-dollar aid package for farmers stung by the U.S. trade war with China, but did not specify an amount.

“Today I am making good on my promise to defend our Farmers and Ranchers from unjustified trade retaliation by foreign nations. I have authorized Secretary Perdue to implement the 2nd Round of Market Facilitation Payments,” he said in a Twitter post.

Corn export inspections last week reached 34.8 million bushels, moving slightly ahead of the prior week’s total of 34.5 million bushels. Cumulative totals for the 2018/19 marketing year, which began September 1, are now at 629.6 million bushels, trending 73% higher year-over-year. Japan was the top destination last week, with 11.6 million bushels.

European Union corn imports for 2018/19 reached 389.7 million bushels as of December 16, which is up 41% so far compared to 2017/18. The EU is currently a net grain importer this marketing year for the first time in a decade, due in part to a record pace of corn imports.

Soybean export inspections reached 35.8 million bushels last week, moving slightly higher than the prior week’s tally of 34.0 million bushels. Cumulative totals for the 2018/19 marketing year, which began September 1, are now at 557 million bushels, down more than 41% compared to the same point a year ago. Spain was last week’s top destination, with 8.5 million bushels.

The National Oilseed Processors Association’s latest monthly report shows a November crush totaling 166.959 million bushels, which is the largest November crush on record but slightly below October’s all-time best of 172.346 million bushels. Analysts were expecting NOPA to report a larger crush of around 168.444 million bushels.

Wheat export inspections reached 25.1 million bushels last week, moving 52% ahead of the prior week’s total of 16.5 million bushels. Cumulative year-to-date totals for the 2018/19 marketing year, which began June 1, topped 430 million bushels but remain nearly 15% below the pace of 2017/18. Mexico was the No. 1 destination last week, with 3.3 million bushels.

Landmark Grain will be offering again this year the very popular “Average Grain Pricing Program”. This will be for new crop 2019 corn and beans and is a short-term contract design to pick up the seasonal trend for higher prices. There is no knock out or doubling up with this contract. Deadline for signing up will be March 15th. with the contract running from March 18th.  through July 12th. Contact your Landmark Grain Marketing Specialist for more details. With that I would like to wish you all a Very Merry Christmas and a Happy New Year!

Jim Fleming

Posted in Blog, Grain

Grain News – Holidays Almost Here

With the holidays almost here, do you have your offers in for old crop and new crop? Call any one of us about setting up a grain marketing plan. Look out to Spring of 2020, there are some good numbers for corn available now. If you are making money at those levels sell some and offer some at a higher price.

Soybeans are all over the place. You need to have offers in to take advantage the quick swings, we have seen in the last week. Export numbers are disappointing due to the lack luster buying from China. At 8 a.m., the USDA announced the sales of 1.13 million metric tons of soybeans to China. The market was looking for a larger number.

Corn continues to do little but trade a bit each way. Continue to work offers and figure out your break-even number for old and new crop.

Wheat traded the highest since September. Russia’s ag ministry will again meet with grain exporters on Dec 21 according to reports to discuss grain exports and the market outlook. Traders fear the Russian government will take steps to limit wheat exports going forward. The Buenos Aires Grains Exchange

cut their Argentine wheat estimate to 19.0 mmt from a previous estimate of 19.2 mmt due to frost and hail; 57% of their wheat has been harvested. Look for wheat to continue to change with news coming from the World market.

Keep an eye on our upcoming winter marketing meeting dates. Have a great holiday season and enjoy the family time.

~Melisa

Posted in Blog, Grain

Grain News – WASDE Report Out Today; Trump Tweets “Productive Conversations”

 

There are a few news articles to catch up on today-

The new Farm Bill is finally getting presented to the House and Senate today. Hopefully there should be some resolution as it is processed as early as next week. What will this do for grain? It is said to have improvements to the major commodity programs. It also looks like there will be more incentives for conservation programs.

WASDE report comes out today at 11:00am. We will have better numbers as to what will happen in South America as they come into harvest with the drought that they have been faced with.  South America should be on your watch list. As you know, they have been very competitive in the bean market and have been helping China out in their time of need. Between the WASDE report and Trump’s morning Tweet of:

Donald J. TrumpVerified account @realDonaldTrump

Very productive conversations going on with China! Watch for some important announcements!

You could see some movement in the grain market. Call your grain originator to get an open offer in if you feel the market will reach your target price for old or new crop.

Final comment for the day, Landmark has come out with a Bushel Tracker spreadsheet where you can see fertilizer cost and grain price to create your profit. For more information call any of the other grain originators or myself to discuss how that can work for you!

 

Posted in Blog, GrainTagged , , , , , ,

Grain News – World Supply and Demand News

It is no surprise the market continues to look at headlines for direction. Last night CFO of China’s most important technology company was arrested in Canada and is being extradited to the US. The arrest appears to be related to alleged violations of US sanctions against Iran. This headline interests me as it relates to the grain market. So far grain wires have not spoken much of technology and intellectual capital and how it relates to the negotiations, but these issues are all included in bargaining mix which sure adds complexity to our soybean exports. Grain wires report of new cases of African swine fever in China and wonder if China will buy 5 mmt of beans for their state reserves.

In world supply and demand news, private exporters reported sales of 198,120 metric tons of corn to Mexico while Algeria looks to Argentina for their corn needs. Ukrainian corn harvest is expecting a record-breaking harvest this year at 70.2 mmt with an average corn yield of 122.5 bpa. Weather maps for South America remains generally favorable.

WASDE report will be released on Tuesday, December 11th and normally this time of year the trade is in a debate over the January grain stocks report, but it seems like spring planting intentions are already taking up that space. Maybe stocks are a forgone conclusion or maybe acres are just that interesting of a story? I would choose the latter. SRW had a hard time getting seeded this fall and we are already seeing spreads and interest reflect lower wheat acres but how much and how many of these acres will get added into the corn and bean discussion? If the SRW acres discussion isn’t interesting enough the corn/bean ratio suggest we will see a sizable shift to corn while South America ramps up bean production but there is the overarching question of what kind of say will farmer financing have in the acres discussion (beans are much cheaper to put in the ground). To bring it full circle somehow the discussion over US/China intellectual property is in some why effecting spring planting intentions. At this point it seems prudent to read less headlines and spend the time looking at your costs and if there is an opportunity to sell 2019 corn and beans put an offer in and enjoy the holidays.

Posted in Blog, Grain

Grain News – Trade Truce

Last weekend’s meeting at the G20 summit in Argentina has positive impact on the market.  The results of the dinner between President Trump and Xi was a “trade truce” that will result in the US not raising tariffs on Jan 1.  There was also the signing of the new U.S.-Mexico-Canada Agreement (USMCA).

After the dinner President Trump tweeted:  “Farmers will be a very BIG and FAST beneficiary of our deal with China.  They intend to start purchasing agricultural product immediately.  We make the finest and cleanest product in the World, and this is what China wants.  Farmers, I LOVE YOU!”

Also on Monday, Treasury Secretary Steve Mnuchin expressed optimism about the future of an overall trade agreement with China.  He said China has a current offer on the table valued at $1.2 trillion in additional commitments.  It consists of more than just agricultural goods, but agriculture will be a part of the Deal.

Corn is trading higher this morning on spillover strength from soybeans.  Corn exports last week reached 40.8 million bushels, falling in the middle of trade estimates.  Mexico was the No. 1 destination.

Soybeans are trading higher this morning.  Buyers appear to have the prove it to me attitude.  Exports are still lagging with Argentina the biggest destination.  There is still a lot to digest over the China truce.  Negotiations with China have already started.

Now that harvest is slowly coming to a close please keep in contact with your grain marketing specialist to work on marketing bushels in the bins as well as 2019 crop.  We have many marketing tools in our toolbox to help you market your crop.   Please contact us to discuss your needs.

Posted in Blog, Grain