Remembering the Past

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Partners and friends,

I attended The Half Century of Progress Show in Rantoul at the old Air Force base this past week. There were acres and acres of equipment from over 50 years ago and over 5,000 UTV's on the grounds to look things over. My friend Chuck and I watched over 30 corn pickers in action and 5 corn shellers at work and numerous tractors and moldboard plows turn soil over. There was no carbon saved at that show. :) I give a big hats-off to the dedication and effort of the organization that puts on that show every other year. In observing all the events going on I am reminded of those who have gone before me and the sweat and innovation and development and refinement of the machines to make agriculture more productive and efficient. I can remember picking ear corn and 2,000 bushels was a big day—now we do that in less than an hour! I felt proud to think of those who have gone before and created the agriculture system we have in the world today, and how if there is food shortage in the world it is not because of supply, but is a distribution issue.

We are finishing up summer projects--tile repair, equipment maintenance, end of crop year bookkeeping, waterway repair, mowing, and tiling where crops are not in the way. The crop is rapidly maturing and from the looks of it, this corn crop will be one of the best ever. Beans are benefiting from some of the spotty showers this past week and are filling nicely. We are targeting a start date of mid-September. We have picked up a few part-time high school and college team members to round out the staff. Our annual fall safety meeting is on the schedule for September 8th. The bin project for corn drying is mostly complete. We have been told the new storage bin we ordered might not be delivered till late October. Will it get erected in time to use this harvest? Stay tuned.

Globally, grain supply is tightening up a bit. We foresee commodity prices staying elevated for a year or two. Brazil is preparing to plant more acres of soybeans than ever before. Weather concerns are popping up all around the globe—too wet or too dry. Climate change has been going on since the earth was created. Mankind now thinks he can control it by throwing money at it.

Family is well. Kennett is growing quite well. Show season is over. School is starting for everyone except Ali, who does not go back till late September. Phyllis and I had a nice getaway weekend on our anniversary.

Fall Prices:

Corn 5.44

SB 13.13


Keep in touch! Comments always welcomed.

Steve

Two Weeks

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Partners,

Marcus and I conferred this morning and decided we would try to start this year’s harvest in two weeks, around the 23rd of September. This is about 2 weeks later than normal, which seems strange since we did plant corn in April this spring. The early planted bean fields are starting to turn but it seems doubtful that we will combine any of those before October. We will certainly be harvesting into November, and likely beyond if the wet weather forecasts hold true. We have been busy getting equipment ready, preparing bins, shipping out the last of the corn, repairing tile blowouts, mowing roadsides and waterways, barn repair, and other assorted jobs. I cant wait for harvest to begin so we can concentrate on one task! We received enough rain two weeks ago to provide some very welcome relief from the nine weeks of less than .75” total precipitation. The crop looks like it will be an average one--if the frost is later than normal. Cash prices seem to be anticipating plenty of bushels to go around. I will try to communicate as soon as we start with yields and moisture.

News that we are going to enter into trade talks with China sparked the market some this week. The world of trade will be different in the future but in the end there are only so many bushels of each commodity to go around. The swine flu in China seems to coming under control. Speculation is that Asian Swine Flu will attack this country at some point--there are no known vaccines and it is creeping across southeast Asia now.

The family is doing great. School has started for everyone except Ali--she starts October 1. After everyone enjoyed some vacation time this summer it was good to get back to the routine of classes. Enjoying lots of fresh garden produce . Growing conditions have been good for that!

Fall Prices:

Corn--3.40

Soybeans--8.17


Keep in touch,

Steve

Solar Minimum

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Partners,

We are keeping busy with plenty of summer projects and are now deciding which ones aren't going to make the cut this summer. Having spent the better part of the past two weeks repairing tile issues--which in large part were caused buy the rains this spring--we feel that a lot of effort is going into fixing and healing things caused by the weather the past 12 months (3rd wettest in IL on record). We are also down to just a few thousand bushels of corn to deliver, that being made possible by more normal river levels. Usually by July 1 we have the bins empty. but we’ve still been getting the equipment cleaned up and checked over from this planting season (lots of power washing for Josh, Aaron and Daniel). We have a few upgrade projects at the tower bin site to complete, and are holding out hope for some time on the lake. Yikes! School starts in 2 weeks!

Solar Minimum—google it. Apparently that is part of the reason for the cooler weather affecting the growing season. Crop conditions are struggling. we received less than 1" of rain in July, and there is very little in the next two-week forecast. The late corn is now tasseling and thankfully the cooler weather is providing some relief. The late beans are certainly short. The weather into mid-September will determine their fate. Thank goodness we were able to plant early for a few days with our two planters. The early planted fields look decent and will yield well although not above trendline. We are spraying insecticide with all the fungicide we are applying to help the plants fight the added stress of the Japanese beetle invasion. One benefit of the dryness is we are keeping up much better with the yard mowing. ;)

Nationally we are wondering where the trade battle will end. The demand side of the equation is being hammered each week with ethanol plant closings and export reductions. The livestock sector is looking at shrinking margins and now the feed supply is being curtailed. Hay supplies are tight and pastures around there are already being supplemented. No one ever said this job is boring!

Family is busy and preparing for the new school year. Found time for a Cubs-Cards game (courtesy of Compeer) and hope for a few times at the lake yet this summer. Ali still has another month at bringfido.com. Marcus and family had a great and relaxing time in upstate NY. Hoping for a day at the state fair.

Keep in touch—all questions and comments welcome.

Fall prices:

Corn 3.82

Soybeans 8.18


Steve

Knee High by the Fourth of July

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Partners,

With Fourth of July festivities behind us, we are back to normal busy summer pace. Still trying to get some late side dressing done, bit of spot spraying to do, and lots of grain to haul now that water levels have dropped and river terminals are open again. We had a very few tassels detected in our early corn on July 5th. First time in many years that no corn tasseling is happening yet on Independence Day.

One bright spot is that Dakota, one of our college students, passed his CDL exam. That will really help with all the grain hauling we have to do this summer now that barges can transverse the Mississippi and Illinois river system. We have quite a list of summer projects that will have to be pared-down with a late start. Lots of tile holes and water-damaged waterways to repair, along with bin and building maintenance.

Talking about the Chinese tariff situation is sounding like a broken record. This past week marked the one year anniversary of the dispute. There is a big tropical storm brewing in the gulf that might head up into the midwest. Some weather forecasters are already giving odds for an earlier-than-normal frost. Plenty of stuff to keep an eye on this summer.

Local 4-H fair is this week and we are taking a calf and baked goods. Details next post. Getting scheduled for some days off to unwind and ready for the upcoming harvest. It was good to celebrate our independence with family and friends and plenty of food.

Fall prices:

Corn 4.30

Soybeans 8.64


Stay cool and keep in touch!

Steve

Showtime

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Partners,

We officially quit planting on June 14. Then the rains came again and covered a lot of our replant work with water again! Now this past weekend we received another 3+ inches of rain. The equipment getting the most use these days are the sump pumps and the job we are getting good at is putting up the “Road Closed” signs. We still have about 400 acres of corn to sidedress with NH3. Over half of the beans are needing sprayed with a second pass--the weeds are growing quite well. The nearby markets have reacted the most to the crop problems which is preventing many crop pricing opportunities for 2020 and beyond. The Illinois river has been closed for over 6 weeks now. This is going to back up old crop delivery into new crop harvest and will definitely cause some long lines at the river terminals. Marketing this crop and the next several years’ will have important implications on future profitability. We attended three marketing meetings this past week.

There is great concern in the livestock industry about adequate supplies of feed for the next year. There are estimates of between 7 and 10 million acres that will be taken for corn Prevent Plant. Hay harvest has been quite delayed and we have lost at least one cutting of hay—nationwide. Areas that were not able to plant at all will have trouble sourcing nearby corn for grain and corn for silage, and feed costs will be substantially higher. We must sustain the livestock industry through this time, or in the future we will have even less demand for our crops. The harvest rules for Prevent Plant acres have been eased as far as haying or grazing. Planting a crop that has a chance to be feed-worthy will be challenging with the continuing rains. There are reports that half of China's hog herd has been wiped out with Asian Swine Flu. And projections that next year’s corn-planted acres could be over 100 million add to concern that we will immediately overproduce and get into a supply glut again.

We will be watching with much anticipation the talks this week between President Trump and the Chinese Premier. We need to find level playing field rules and keep both countries on a path of economic stability.

Show season has begun. Dog obedience was last week and coming up are bucket calf and food items. Alison is learning a lot about doggie vacations for her internship at bringfido.com. And Grandpa is reminiscing and telling stories about the other years that were weather stressors like this one--74, 83, 88 and 93 are the ones that really stand out.


Fall Prices:

Corn 4.43

Soybeans 8.93

Questions and comments welcome!

Steve