With harvest occurring for many of our customers there’s a lot of questions about why beans and corn are getting beat up so much. Unfortunately, it’s all due to US exports. I think we have a big issue brewing in both corn and bean exports. This week’s bean export sales were the week’s LOWEST ever in over 20 years at only .434 million tons. That’s roughly 7 boats or only ~15 million bushels, we are talking about the entire US. Now we have crush to fall back on, but that business is already maxed out. Where are the beans going to go then if we can’t hit our needed export window before Brazil harvests a crop again? My guess is that our carry-out for this year is going to grow from the estimated 220 million bushels. The entire market around SE SD is pricing beans against soybean crushers to our east and south. It’s not even feasible to sell a shuttle of beans today. It feels like the bean market bleeds lower even if yields don’t come out to where we had expected them. China will continue to only buy bare minimum needs and wait for Brazil in Q1 of ’24. Yes, we are down over a $1 from the recent high, but we are still $1.50 higher from the May lows. If you aren’t prepared to sell beans at harvest, you really need to examine your financial needs over the next six months and longer, specifically your operating loan. The interest to carry an unsold soybean for you today is going to be worth roughly $0.09/mo. using 9% interest. This does not include the price of storage if utilizing commercial elevator space. If wanting a different perspective on some ideas, please reach out as there are better alternatives than the above. Managing debt loads over the next couple of years is going to be very important and this is just the beginning.
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Feed Delivery Driver Location: Montrose. Make feed delivers as instructed in a timely manner while maintaining quality, customer satisfaction and obeying all traffic laws & limits. Assist in other areas of CFC as needed, depending on the season. Must be able to work in a dusty environment, lift up to 50lbs, think quickly and follow directions, pay strong attention to safety. Must have a valid CDL. Full time position
Sales Agronomist—Dimock & Marion Location: Dimock, Marion, SD The Sales Agronomist will work with area farmers to increase sales of crop inputs and crop protection products to growers in order to build customer base for company in designated area. Re-sponsible for developing long-term relationships with identified growers, and expected to work face to face with customers on the farm. The successful candidate must be honest, outgoing, organized, and must have good com-munication skills, as well as, be able to build relationships with employees and growers. Other duties may be as-signed as needed. Full time position
Custom Applicator Location: Marion, Lyons, Dimock, Irene, Scotland, Salem, Tyndall, SD. Applicate customer fields as instructed in a timely manner while maintaining quality, customer satisfaction and obeying all traffic laws and limits. Assist in other areas of CFC operations as needed, depending on the season. Must have a CDL or the ability to get one. Full Time Position.
Grain Production Location: Marion, SD. This position will be responsible for the day to day duties and operations of maintaining and servicing customers at a truck or rail terminal and other duties as assigned. Duties include: Loading and unloading truck grain, train loading operations (load, open/close lids, locomotive operation), tarp bunkers, operate equip-ment to empty bunkers, dump trucks at pits, general maintenance and clean up at facility. May also assist as need-ed in agronomy operations. Extended hours are required in season.
Truck Driver—Full Time and Seasonal Positions Available Location: Most Locations. Make deliveries as instructed in a timely manner while maintaining quality, customer satisfaction and obeying all traffic laws & limits. Assist in other areas of CFC operations as needed. Must have a valid CDL.
Agronomy/Grain Production—Full Time and Seasonal Positions Available Location: Marion, Salem, Lyons, Dimock, Tyndall, Irene SD. Will assist as needed in agronomy operations and as-sist customers in grain operation by unloading truck grain and other duties as assigned. Extended hours are re-quired in season.
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