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Grain Exchange

Futures weaker this morning with China wanting tariffs rolled back before committing to big Ag purchases.  Midwest farmer selling is picking up in parts of the southern Midwest where harvest is moving at a faster clip than northern Midwest.  PNW soybean basis is firming after 6-30 inches of snow in northern Midwest.  While less moisture in the weekend forecast, 6 to 10 day forecast is calling for additional 0.5 to 1.0 inches or rain as we get into next week.

Have a safe and successful harvest!

Posted in Blog, Grain

Grain Exchange – Today is Another Report Day

Today is another report day! There have been many mixed reviews on what this report will bring, but most are bullish. Many estimate slightly lower yield from September as we see Iowa and Illinois report their yields on both corn and beans. There are also many assumptions that the grain stocks will be down as well.

Corn traded slightly lower over night and has been quiet this morning in anticipation of today’s report. Argentina has reduced their estimated production due to extreme dryness. Brazil estimates their production will be the same as previous year.

Soybeans slight up overnight and so far, staying within a penny or two of overnight.  Same as always there are still trade talks going on with China, but there has finally been some merit to the conversations with a few sales. As previously stated, Argentina is predicting less corn planted therefore planting beans in place of corn. Central Wisconsin is actively harvesting soybeans after a long wait.

Wheat is steady. Not much to report except many countries’ wheat production have been lowered due to weather.

Landmark grain has rolled out our new harvest hours. Rain or shine the elevators will be open.

NORMAL (MINIMUM) HARVEST HOURS

  • 7:30 AM TO 7:30 PM MONDAY TO SATURDAY
  • 12:00 PM TO 6:00 PM SUNDAY

As always if there is a request for longer hours, the hours will be granted.

During this time the grain team is working hard to make your harvest as flawless as possible. Open communication is key. If you have a request for hours, trucking, or market information please contact your grain marketing specialist.

Happy Harvest y’all!

Kasey Baker

Posted in Blog, Grain

From the Field

As fall approaches, we find ourselves challenged once again in Wisconsin. Humid weather paired with large amounts of rain has made it difficult for our dairy farmers that are trying to get silage corn off in a timely fashion. Dairies aren’t the only ones that have been affected by mother nature, combines have been held at bay from harvesting soybeans due to the recent moisture as well. I do not think that other than a later harvest that we will see many issues with our bean harvest. However, I do have some concerns with our upcoming corn harvest. My main concern lies with those farms where no fungicides have been applied, due to the growing amount of tar spots being found. In these fields, the increased amount of moisture is causing stalk rot. That could potentially cause corn to be toppled over making harvest difficult, resulting in a loss of bushels and potentially lower test weights and higher moisture due to disease.

On a more positive note, it looks like the weather is going to break our way for a few days. Knowing the determination of our farmers, they will make the most of this window and get their harvest in. It is also important to get your wheat and cover crops planted as soon as possible.

Thank you for letting us be a part of your operation. As always, if you have any questions or concerns please reach out to your Landmark agronomist for help.

Have a safe harvest!

Posted in Agronomy, Blog

Grain Exchange – Corn, Soybeans and Wheat are All Trading Higher this Morning

It is Tuesday and the markets are shining as bright as the sun.  Corn, soybeans and wheat are all trading higher this morning.  Corn is higher on increased risk of freezing and snow in the Dakotas and Nebraska later this week.  Positioning ahead of Thursday’s USDA reports is also supporting the corn market.  USDA crop progress report has the percentage corn mature at 58% complete and corn harvest at 15% vs 19% expected.  Crop ratings also decreased 1%.  Corn yield potential is down more than half a bushel an acre at 167.3.

Soybeans are also trading higher positioning for the WASDE report on Thursday. Harvest moved from 7% last week to 14% this week, behind last year’s pace at 31%.  Seventy-two percent of crop is dropping leaves, versus five year average at 87%.  Crop ratings fell 2% to 53% G/E.  More sales have been seen with China buyers taking 7.3 million bringing their total to 140 million bu for 2019.  There is talk of lowering yield and acres for soybeans also supporting the market.

Wheat is up as well.  Winter wheat plantings are at 52% versus 39% last week.  Wheat exports numbers have been on the low end.

There is a lot to watch this week.  The Supply and Demand report is released on Thursday, October 10 at 11:00.  The storm that is moving into the Dakotas and Minnesota and how far south the cold front will move and the potential for frost.

Please keep communicating with your grain market specialist, we are here for you.

Harvest is beginning at many of our elevators, we are excited to help you get your crop in.  This is a year for the record books, but let’s all work together to bring the harvest in safely.

Posted in Blog, Grain

Applications Now Open for the Landmark Scholarship Program

Landmark Services Cooperative (LSC) is excited to announce that applications are now available for high school seniors and current college students to apply for LSC’s 2020 scholarship opportunities.

Once again, LSC will be awarding $750.00 scholarships to fifteen exceptional students. Applications are available on the LSC website at landmark.coop/landmark-gives-back, and completed applications will be accepted through December 1, 2019. Scholarship recipients will be announced later in December, 2019. All Landmark members, employees and their children are eligible to apply for the scholarship program.

The LSC scholarship program was created to recognize and reward success as well as encourage academic, professional and leadership development among post-secondary students.

“We cherish the opportunity to be able to support our area students in pursuing and continuing their education,” says LSC’s CEO and President Jim Dell, “Today’s students are tomorrow’s leaders, and it’s highly rewarding to play a small part in their continued growth and development.”

LSC is committed to building a stronger future for its members and communities, as well as the agricultural industry as a whole. This scholarship program is one of the many ways that LSC aims to give back to its members. Since its first awarded scholarship in 1989, the LSC scholarship program has bestowed a total of $245,850 in scholarships to deserving students.

Posted in Landmark News

Grain Exchange – Weather News Today in the Midwest

Weather news today in the Midwest is now calling for a chance of frost for Minnesota, Iowa, Wisconsin, and Northern Illinois on October 11th. This along with the large amounts of rain being seen are continuing to threaten the yields for fall harvest. However, the 6-10 day forecast does show some dry weather for early next week. Temperatures are colder as we move into the end of the week, and the forecast is showing upper 20s to low 30s for the end of next week.

Some good news out of trade talks for the dairy industry today as China announced that they will exempt 16 US Goods from the 25% retaliatory tariffs. China, which is the world’s largest pork consumer, has waived tariffs on whey permeate and fish meal, both of which are key ingredients in the diets of piglets. While this is good news for the dairy industry, Proliant, an Iowa-based company that sells the by-product says that sales will still be down due to the herd losses from African Swine Fever.

The World Trade Organization also ruled yesterday that the US could issue tariffs against the EU. The US will place $7.5 billion tariffs against Europe. This is the largest amount of tariffs placed on the US since the steel and aluminum tariffs.

Markets have been trading back and forth this morning as we watch things consolidate since the September 30th stocks report. With a late start to harvest, take some time to look at your marketing plan and decide if this recent jump in prices is a late opportunity to get some bushels sold.

As always, give us a call if there is anything we can help you with!

Have a great day!

Posted in Blog, Grain

From the Field

Soybean harvest season is here for some growers here in Southeastern Wisconsin that took the chance of planting in-between the wet weather episodes this spring. Many calls had been coming in over this past September for concerns over possible Sudden Death Syndrome (SDS) and Brown Stem Rot (BSR) situations. Growers are battling a now wet start to fall, and rising concerns over late harvest and early frost are now a topic of concern on farm if wet conditions persist, along with the worry over the wide range of in-season soybean maturity across fields.

When looking at your bean fields, SDS and BSR can commonly match each other in the foliar symptomology on the plant, but it is important to look further at the stem and root system in order to determine the disease affecting your field. Splitting the stems on soybean plants in question will help you with determining BSR versus SDS.

In a BSR situation, the center of the stem will be brown and extend from the root system up through the plant. It is a solid symptom of the disease, so taking the time to split the plant in order to make proper diagnosis is important.

In SDS, the center of the stem will remain healthy, but the surrounding root tissue will start to brown or even turn grey. When pulling the root of a plant, look for what appears as a light blue spore mass. This grey/blue tinge will dissipate when exposed to air, so it is a symptom you want to look for as soon as you pull the root system from the ground.

When coming into harvest, there are numerous concerns due to a large range of in-season maturity this year. These challenges include soybean fields that can be mature in some areas, and green in others. When asked what the optimal time would be to harvest, the answer is not so easy to due to many factors. Growers are already harvesting sections of fields that are ready to harvest, leaving the non-mature areas to harvest at a later date. Some are choosing to wait until the whole field is mature, risking losses from shatter and low moisture in the already mature areas. Others are choosing the harvest a mixture of mature and non-mature fields, resorting to drying and storing their soybeans or taking the dockage at the scale.

It is important to get out of the combine to inspect for shatter losses this season while harvesting. The general rule of thumb is in a one square foot section to count the remaining seeds on the ground. Four seeds per square foot = approx. One bushel of yield loss. When harvesting a mixture of maturity ranges in a field, remember that combine moisture sensors may not predict accurate moisture levels due to the range across the field, and you should consider factoring about 1.5% higher than what the sensor is predicting.

I wish you all a safe harvest season, and be sure to include your agronomist in on any concerns and scouting opportunities.

Posted in Agronomy, Blog

Grain Exchange – Volatile Update Boosts Market

China will issue low tariff rate quotas for 9.36 mmt of wheat, 7.2 mmt of corn, 5.4 mmt of rice, and 894 tmt of cotton for 2020, according to their National Development and Reform Commission. These are the same amounts as last year. Taiwan signed a non-binding letter of intent to buy 66.1 million bushels of wheat from Idaho between 2020 and 2021. USDA announced yesterday morning the sale of 120 tmt of corn to Mexico.

Yesterday morning started out with rumors of China looking for beans off the PNW supporting prices until the report at 11:00 AM came out and prices took off. A surprisingly bullish corn stocks number in yesterday’s report came in 314 MBU below estimates while bean stocks were also far enough below estimates (69 MBU) to help support their early trade news inspired gains. With the USDA miscounting stocks for the last 6-months they are confirming why basis is running at record highs.

These crop condition numbers came out at 3:00PM yesterday. Corn harvest 11% vs. 19% avg. and 14% estimated, conditions unchanged at 57% good/excellent, dented 88% vs. 98% avg., mature 43% vs. 73% avg., bean harvest 7% vs.20% avg. and 6% estimated, conditions improved 1% to 55% good/excellent, dropping leaves 55% vs. 76% avg., winter wheat planted 39% vs. 38% avg., winter wheat emerged 11% vs. 13% avg.

As yesterday’s market move proved, always having open offers in place can help take advantage of an unexpected volatile market after a report. Give your Grain Marketing Specialist a call to put your orders in place prior to the next USDA report due out on the 10th of October.

Posted in Blog, Grain

Landmark Heating and Cooling and Lennox Industries Team Up to Help a Neighbor

Landmark Heating and Cooling team members in Cottage Grove, WI, know that the frigid winter temperatures will be here soon. That’s exactly why they will be spending next Saturday morning installing a new furnace for helping a deserving Edgerton family. The recipients this year are the Gumbles. Teagan has health issues that are reactive to heat, cold, humidity, allergens and clean air so a program like Feel the Love can really make a difference in her quality of life.

For ten years the Landmark Heating and Cooling team has donated all labor and installation materials to install a brand new high-efficiency furnace, which is  generously donated by Lennox Industries, for a family whose existing unit is severely inefficient or unrepairable at no cost to the recipient.

The Wisconsin family was nominated and selected as part of the Feel the Love program, which asks members of the community to nominate people who are in need. Nominations for the program are accepted year-round, with recipients chosen based on specific criteria each September—before the temperatures start to drop.

“It’s such a rewarding program to be a part of,” says Tom Stangl, sales coordinator at Landmark Heating and Cooling, “There’s no better feeling than knowing that you’re bringing warmth and a sense of security to a well-deserving neighbor in your community. For me, it’s a great way to spend a Saturday.”

Posted in Energy & Retail, Landmark News

From the Field – Be Looking at Corn and Soybean Varieties

It is a good time to be looking at corn and soybean varieties. We need to look at varieties you want to keep on the farm and the ones you think have served their time. With many options for seed, best to talk to your Landmark agronomist so we can help find the best seed option for your fields.

In corn fields, now is a good time to be checking on your nitrogen programs’ performance especially on the earlier planted corn that is ahead. With the amount of rainfall that came in late summer, adjustments can be made for future years if you see there were corn fields that ran out of gas. Anthracnose in corn can come as early as emergence in corn and affect the foliage. Stalk rot in the fall is common for the disease. It will show very distinguished black narrow or oval blotches on the tissue rind. Anthracnose will over winter in residue and favors wet, warm cloudy conditions and low fertility areas. Overall yield loss to anthracnose results with a premature plant death, less grain fill, and weak stalks for lodging corn. Hybrid selection, cultural practices and fungicides will help control the corn crops’ health. We are seeing success with plant health on corn crops that had VT fungicide done. With the disease pressure and growing season we were given, necessary fungicide applied will reap the rewards.

Soybean fields are in the R5 to R6 stage with a few fields starting R7. Soybeans in between the R5 and R6 stage will attain maximum height, node count, leaf area and nitrogen fixation will reach peak and then drop rapidly. The demand for water and nutrients increases throughout the rapid seed filling period. This period beans acquire about half of their nitrogen fixation, phosphorous and potassium. Soybeans sudden death syndrome also known as SDS and brown stem rot have been the popular disease issues in our region’s fields. Brown stem rot can have close to the same foliar damage as SDS along with the same blue hue color fungal on the roots. To better differentiate the diseases look at and cut open the stems. Brown stem rot will be discolored starting at the soil line of the stem on up; SDS will have the outer layer of stem discolored in a brown or gray color. Seed treatments such as Illevo, Saltro and Clareva are showing good protection against SDS and can be ordered on the seed. Brown stem rot will be managed by effective crop rotation, selecting crop resistant varieties and residue management.

We still need to be scouting crops diligently in corn and beans to understand late season health and know what to expect come harvest. Everyone have a safe and productive week.

 

Mother nature has continued to challenge farmers moving into 2019 harvest. Corn silage harvest is only about 25% complete as rain continues to fall in our area. Recent samples on fields have been coming in at 65-70% moisture, so as soon as field conditions allow, choppers will once again be rolling. Early planted soybeans are rapidly approaching full maturity with the above average temperatures we have experience throughout September. These warmer temperatures will be crucial to finishing off a late planted corn crop moving into fall. Heat combined with more than adequate moisture has led to heavy disease pressure showing up in corn, with Northern Corn Leaf Blight and Gray Leaf Spot most prevalent in the area. The bright spot in all this is despite disease showing up, stalk quality has remained strong in majority of affected fields.

This week we began our aerial applications of cover crops, with rye being flown on to both corn and soybean fields. We will again be providing a variety of cover crop options this year; be sure to contact your local agronomist to determine which is the right fit for your operation.

As we inch closer to combines rolling through the fields do not forget about the importance of soil sampling. Soil sampling is a great way to determine the status of your soil and find out which nutrients you may be lacking going into the 2020 growing season. As always give your local agronomist a call with any questions you may have.

Have a safe harvest!

Posted in Agronomy, Blog