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Maximum Results with Tissue Sampling

Landmark Agronomy Account Manager Nick Troiola and Carly Edge of WinField United discuss how to best utilize tissue sampling on the farm and its benefits. Nick and Carly also review how Ag technology can help decide the best place to tissue sample to remedy any problem areas for maximum results.

To learn more about how to use tissue sampling to build a better nutrient management plan, contact your Landmark Services Cooperative agronomy team.

Posted in Agronomy, Blog

Landmark to Offer Interest-Bearing Certificates

COTTAGE GROVE, WI, May 15, 2019 – Landmark Services Cooperative’s Board of Directors is pleased to announce a new interest-bearing certificate program available now that includes two options for Wisconsin residents:

  • Demand Certificate: Requires a minimum of $2,500 and bears interest at 2% per annum. The interest rate will be reviewed periodically and adjusted to market rates at Landmark’s discretion. Funds are available for withdrawal within five business days of execution of the demand certificate.
  • Three-Year Certificate:  Requires a minimum deposit of $5,000 at 3.25% interest.  Interest is accrued as simple interest, and the interest rate is locked for the three-year term of the certificate. There is an early withdrawal penalty of six-months of interest on the principle.

Additional details about each interest-bearing certificate can be found online at https://www.landmark.coop/patron-note-program/

Landmark members, that were previously enrolled in our former programs, have been contacted and sent all the necessary information that’s needed to transition to the new programs.

“One of the advantages of being a member and supporting Landmark Services Cooperative is that we’re owned and controlled by our members. That means that our members are at the core of our purpose. By investing in the patron note program, members and customers have a means to invest in their cooperative and earn interest at a competitive rate. Meanwhile, a program like this helps Landmark reduce our overall borrowing costs compared to commercial borrowing rates. It’s a win-win situation for our members and the cooperative as a whole,” explains Keith Arnold, chief financial officer of Landmark.

If you’re a member that would like to open a new certificate or a current member that has questions about your transition to the new certificates please reach out to us at 608-819-4201, Monday through Friday, 8:00 a.m. to 4:30 p.m. or email us at patron.note@landmark.coop

Posted in Landmark News

Grain News – Markets continue to rise!

Markets continue to rise! Wet forecasts have the markets in the green again today. Weather maps are calling for a rain system that covers the entire Midwest into early next week. While this next rain system will slow down field work, many farmers were able to at least get something in the ground this week. The longer-range forecast is calling for some ridging that will slow down precipitation and increase temperatures in the Midwest, Delta, and southern Plains.

Weekly exports were in line with expectations this morning. Old crop corn exports were at 553.3 thousand tons, while estimates were in 200-500 range. New crop corn exports were at 80.8 thousand tons, below the estimated range of 100-400 thousand tons. Soybean exports were in line with estimates at 370.9 thousand tons of old crop and 303.4 thousand tons of new crop.

US Secretary of Agriculture, Sonny Purdue, spoke this week on the relief program to benefit the American Farmer to help make up for losses caused by the tariffs. Purdue insisted that the trade war will not cause long-term harm to farmers, and that President Trump has asked him to make sure that the farmers are taken care of. Purdue says the relief package that is currently in the works will be worth $15-20 billion.

As markets finally start to give us some hope, make sure to be proactive making sales, putting in targets, and remembering your marketing plan. If we can help in any way, give us a call!

Have a great day!

Katie Demrow
608-201-3818
Katie.Demrow@landmark.coop

Posted in Blog, Grain

From the Field Updates

The sun is shining and machines are moving over here in Evansville, Wisconsin. After a few days of dry weather, Monday we finally received the crucial drying conditions we needed to get the water out of the ground. It’s still a waiting game but we are finding dry ground for spraying, spreading and planting. According to the USDA as of May 5th Wisconsin is at 7% corn acres planted compared to 24% 5-year average and at 13% at this time last year. Wisconsin Soybean planting is at 1% as of May 5th compared to the 6% 5-year average and with 4% at that time in 2018. Most growers are focusing on getting the corn into the ground this week and that margin should narrow. Be safe out in the fields this week and best of luck with everything runs smooth.

 

After all of the rain last week some fields finally dried out by Friday night or Saturday morning. There are still plenty of wet fields and wet spots in fields to be on the look out for. With a favorable forecast this week and with what could be the best weather we have seen all “spring”, things are starting to go full steam ahead. Planters, sprayers and spreaders will all be rolling at the same time. It will be a busy week ahead, where a lot of ground will get covered. Stay safe out there this week!

 

Agronomists recommend working soil that is in perfect conditions so as not to compact the soil structure. And we recommend planting in conditions dry enough to create a soft mellow seed bed for good “seed:soil” contact…. But this year is remaining wet throughout April and May and the pressure is on growers to get seed in the ground, even in less than ideal soil conditions. This is necessary, but may haunt us later in the season.

Tuesday, 5-14-19, soil temperatures at 4 inch depth, at 7:00am were still about 39F degrees, so still cold. But, on the calendar, growers need to plant as soon as possible betting on warmer days to come. If weather continues warmer, with overnight temps around 50F degrees, we will see steady progress in the fields.

We had cool, rainy conditions through last week, and the sun came out Friday. A lot of progress has been made in the last several days in Dane and Columbia counties. Many fields have wet spots, and some are too wet to plant still. By Friday, 5/12/19, about 10% of the corn was planted, 5% soybeans planted. Checking fields planted on 4/20/19, today the beans are emerging through the soil surface. Hay fields report about 30% in good condition, with the others in poor condition from winterkill.

We have been successful in keeping up and ahead of growers with our fertilizer applications, and pre emerge spray for corn fields. Growers are challenged with planting sporadically across the farm because of wet spots and poor soil conditions.

Winter wheat fields are reporting about ½ in good condition. Many wheat fields were tilled under to plant corn instead, due to winter kill and poor stands. Most wheat fields in our area are reduced in stand count, but some growers will need straw and will keep the wheat crop for 2019. Wheat fields should be treated with fungicide in tank mix with herbicide to encourage healthy growth of plants during this cool season.

Generally, because Grower Degree Days are behind normal and behind 2018, insect pressure is also behind since the insects are slow to develop. But consider using fungicides on all crops this year, especially after 2018 disease pressure.

Posted in Agronomy, Blog

Grain News – Markets are UP!

Sunny and warm day!
Planting and field work is happening!
Markets are UP!
President Trump has intended on providing $15 billion aid package!
Planting progress is behind what the market was looking for. Corn planting was at 30% vs. 23% last week, and an average of 66%. The trade was looking for the number to be 35% to 37%. Soybean planting is 9% completed vs. 6% last week and an average of 29% for this week.
The market will focus on lack of progress and emergence of the crop. The funds are short and coming back. Make sure to get your offers in and working. Don’t pull your offers!

Make sure to have offers on old corn/beans and don’t forget about this fall, 2020 and into spring/summer 2021. Corn has some good carry in the market. Talk to any one of us to help you meet or exceed your marketing goals.

Have a great and safe week!!
~Melisa

Posted in Blog, Grain

Grain News – US/PRC Trade Negotiations Resume Tonight

Grains have started out lower on poor export sales and rising Chinese tensions.

For the week, soybean sales saw a net cancellation of 149k tonnes (5.5 million bushels) vs the market expectation of sales at 300-650k tonnes. Corn also printed a marketing year low, well below expectations at 91k tonnes (3.3 million bushels). CONAB continues to raise production estimations, up 0.5 mmt for the Brazilian soybean crop to 114.3 MMT from the 113.8 MMT of last year.

Overnight, President Trump is saying China “broke the deal” while China is preparing a list of U.S. products that will face retaliatory tariffs if the U.S. moves ahead. U.S./PRC trade negotiations will resume this evening between Lighthizer and PRC Vice Chairman in Washington.

Tomorrow is the May WASDA report at 11am. This is the first USDA report to project the new crop year supply and demand data. It is the first 19/20 balance sheet and first objective winter wheat crop production estimates.

With all the headlines, locally weather is of most concern as we pass the specific May 10th date where it is said to start to impact yields each day corn is not yet planted.  As the forecast continues to not give an easy window for planting the question that the trade continues to seek is what will trigger a fundamental shift in the large short fund position.

Posted in Blog, Grain

Grain News – Delayed Planting May Be a Rally in Corn

Same news. Different week. Trump tweets, but still no deal with China. Rain is affecting planting. And corn, beans, and wheat are trading lower than last week. Hopefully things might be turning around soon.

Sources say that the Chinese will still be coming to the U.S. to meet regarding the tariffs despite Trump’s “offensive” tweet. The Chinese do continue to preach that they will not be pressured into a deal. It sounds like we should know by the end of the week if the deal is finally happening. If a deal is in place, I would not bank on $9.00 beans. Considering it is May and there is still plenty of old crop left, the market does not need to rally. With the way the market has been reacting to any information concerning the “trade deal” offers above the current market have the potential to hit.

Looking at the planting progress report yesterday the rain has prevented many farmers across the corn belt from planting. As the cart below shows, most states are significantly behind average acres planted. Delayed planting may be a rally in corn. There is also nice weather in the future, it does not take long to get corn planted once the weather cooperates.

 

Wheat in the West is said to be making great progress thus far. That continues to reflect in the SRW price as it goes lower and lower. However, in Wisconsin many farmers have tilled their wheat due to lack of progress.

With markets fluctuating drastically it is important to remember to have reasonable open offer out at multiple levels. Call your local Grain Marketing Specialist if you need to set up a marketing plan, it’s never too late!

 

Posted in Blog, Grain

Grain News – Rain Makes Grain But Not In May

Rain makes grain but not in May.  It seems like we keep beating the same drum with the markets.  Currently corn is steady, beans are down, and wheat is up.  All the news is the same old thing, weather, China and technical.

The weather trend since last fall has been repeated systems of rain/snow moving across major corn, wheat and soybean production area.  Frequent showers are expected into middle of next week.  Moisture totals are expected to be 1 to 2 inches in the north and from 1 to 3 inches in central and southern areas.

On the U.S. – China trade talks, U.S. Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer led the U.S. team in a meeting in China Monday through Wednesday.  Chinese representatives are scheduled to meet in the U.S. next week.  It seems like an agreement is getting close, but the final items left are the most contentious.

Corn prices are at the weakest level in the last ten years for the current period.  Traders are at a record net short position which could signal volatility when the market starts moving. Weekly export sales were disappointing this week.  The wet weather will keep field work limited so corn should find some support.

Soybeans are lower this morning for the fifth consecutive session.  Exports were poor for beans, meal and soyoil.  Soybean market conditions for the remainder of the marketing year will be driven by weather and exports to China.

Wheat is rebounding some today due to rain forecasts for SRW areas.  Crop tour has started and is finding mixed bag of yields.

Keep in touch with your Grain Marketing Specialist and get your offers in so you can make some sales.  You may want to take advantage of our free delayed price program.   You can haul grain into the elevator and price it on a rally.

As the rain delays continue and you are under pressure to get the crop in, please take the time to be safe.

 

 

 

 

Posted in Blog, Grain

Grain News – Planting Delays Leave Opportunity for Grain Marketing

Corn and soybean markets are trading neutral to slightly firmer on this rainy Tuesday morning. Yesterday’s crop progress report showed few surprises. The USDA says corn is 15% planted while trade estimated 14% and we were at just 6% last week. We are dragging behind the five-year average of 27%. Soybeans are said to be 3% planted vs. 1% last week and a five-year average of 6%. US Winter wheat conditions are said to be 64% good/excellent compared to 62% last week.

Weather has not been very conducive to getting spring fieldwork and planting complete. The Midwest is set to see a rain system move in today and tomorrow, covering a chunk of the corn belt. It should dry up by the weekend, but the forecast shows another system moving in late Monday. Below average temps aren’t helping to dry up the moisture, but it’s expected to warm up this weekend.

The local farmer is holding tight to their old crop corn supply as they hope that some sort of bounce happens in the next month or two. Corn basis has stayed firm, but that still leaves the farmer less than excited about the flat price. Old crop bean carryout is still weighing on markets, and with a wet spring, it’s likely that late acres will switch to beans.

While it certainly has not been an exciting start to 2019 when it comes to marketing, now is the time to take a look at your marketing plan and make some updates to your target orders and sales goals. Remember to continue to be proactive in marketing, so opportunities don’t slip away from you.

As always, give us a call if we can help!

Posted in Blog, GrainTagged , , ,