Late Thursday, the Senate passed a House-approved bill to raise the debt ceiling, sending the legislation to President Joe Biden. He is expected to sign it into law today and address the nation at 7 p.m. ET. The market had been fairly quiet this week, seeming to hold its’ breath until the decision passed, or …
Energy markets are seeing gains across the board this morning. There are multiple contributing factors this week. Here are a couple of headlines we are watching. U.S. debt ceiling, Fed rate hikes scheduled for June, China demand, wildfires in Canada. These issues were enough to push markets higher even though we had a good Department …
We believe being a part of a community means giving back to that community. We want to be an employer of choice and provide opportunities for our team and their families to thrive in the hometowns we serve. We don’t donate, serve or volunteer to wave our own flag. It’s part of our DNA. Whether …
Congratulations to the St. James FFA Chapter, the recipient of the 2023 CHS Seeds for Stewardship Grant! Through the grant, the St. James FFA Chapter received $2500.00 which will be used to support updates to their greenhouse and to cover State Convention costs. By partnering with CHS on this program, we have the opportunity to …
St. James FFA Chapter Recipient of the 2023 CHS Seeds for Stewardship Grant Read More »
Energy Market Update: May 5, 2023 A tug of war has been the story since mid-April with both market movement and basis. Look further down in this Energy Update for an explanation about basis. The upside started with basis in the drivers seat on April 20th. That trend continued through April 26th. The tide …
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 …
