Energy Market update: April 21, 2023 Crude and products are edging higher in Friday morning trade, but all three segments are still on pace for a weekly decline. A combination of slowing economic data and mid-week rising gasoline inventory numbers rekindled recessionary fears in the market. Last week the weekly jobless claims report showed an …
The markets were quiet at the end of last week as the NYMEX was closed in observance of Good Friday. The quiet day welcomed reprieve from market changes that started Monday and continued through Wednesday. Over the previous weekend the OPEC+ group made a surprise announcement of additional production cuts that pushed prices up over …
WE’RE FINISHING 2023 STRONG by: Kevin Jones, President/CEO We just finished our six-month financial review of Fiscal 2023. Halfway through the year, NuWay-K&H Cooperative is exceeding all budget targets. We expect to finish 2023 strong. On the agronomy side, 80% of our yearly business is done in the fall, so once we’re through this six-month …
FISCAL YEAR 2023 MID-YEAR RECAP by: Tyler Olson, CFO We have completed our sixth month of business in fiscal year 2023. At the halfway point, we are happy to report that we are ahead of budget in every division within our company. Our fall business was successful, with volumes at or near budget, and our …
FERTILIZER MARKET VOLATILITY by: John Sandmeyer, Seed, Crop Protection & Nutrients Products Director We have witnessed extreme fertilizer market volatility over the past year, with big swings up and down. I’m sure you’ve wondered: “Will the markets ever straighten out?” Twenty years ago, $20 per ton was a big change in the market. Now, we …
HOW’S RETAIL AFTER COVID? by: Al Seckinger, VP of Retail Operations How is retail after Covid? I thought I’d address a couple of questions I frequently get asked about – COVID and electric vehicles. Today, people buy and order online and get their groceries delivered—or just pick up their groceries at locations. Shopping was already …
SUSTAINABILITY – ALL HYPE? by: Jeff Crissinger, VP of Agronomy Sales/Marketing The “Gartner Hype Cycle” is a graphical representation that shows the typical path of emerging technologies or concepts starting from introduction through maturation. THERE ARE FIVE GENERAL PHASES: 1. Introduction – a new technology or concept triggers significant publicity and attention, but often no …
CHANGING SEED TREATMENT & GROWTH REGULATORS by: NuWay-K&H Agronomy Account Managers Warden® CX continues to provide broad spectrum protection against early-season disease and insects to help improve root health, and plant vigor. In 2023, however, NuWay-K&H Cooperative will switch to the new and improved Warden® CX II soybean seed treatment. CX II brings a new …
DATA DELIVERS MORE DOLLARS Kevin Anderson, FarmRX Site Specific Ag Director What do you look for in a partner? What options do you have when it comes to your data and making money from it? When you make a decision on your farm, the end goal is usually to create an efficiency that results in …
BOOSTING ON-FARM DIESEL STORAGE by: Justin Coyle, Energy Operations Manager You know how important it is to have diesel fuel on your farm when you need it, in the spring and in the fall. Talk to your energy account manager about the benefits of upgrading diesel storage on your farm, including the value of purchasing …
