BOB'S REVIEW
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Nov 13, 2015  11/13/15 4:22:21 PM

With harvest about done I’d like to thank everyone for their patience as we got our construction project done and operational.  I know we were not able to help some of our customers out with their early corn harvest but I understand they had to do what they needed to do.  The new receiving pit was a huge success.  We received several comments about how well everything worked this fall.   Can’t wait until next year to see how everything runs from the get go.
 
Next Wednesday the 18th, Alliant is planning on switching the entire electric service over to the new transformer.  The switch over will take 2 or 3 hrs.  We’ll get the generator running so we can still take phone calls.  If the schedule changes we will let everyone know.  We will post signs at the office and on the front of our web page.  Sorry for any inconvenience.
 
We did run tight on space this fall.  Corn and soybean yields were outstanding.  Several of you had to dump beans up at the north facility.  It’s not that fast compared to the new corn dump but we were able to get vehicles unloaded.  Since I’ve been here, I can’t recall ever have over 2.1 mln bushels of corn on hand.  We didn’t put any corn on the ground.  Everyone needs to keep an eye on their storage bins at home.  Don’t let the farm stored bushels go out of condition. 
 
Tuesdays USDA report didn’t give us any bullish news.  Both corn and bean carryout figures got larger.  For the week corn was down 15 cents and down 40 cents from the Oct highs.  New contract lows were made on Tuesday.  Corn basis remains fairly strong.  Soybeans are 17 cents lower for the week.  Bean basis has improved around 30 cents since the beginning of harvest.  We will probably continue to trade at the lower end of the trading range for the next several weeks with the possibility of making new lows going forward.  We don’t have a lot of good news to trade.
 
Have a great weekend.
 
Bob     
 
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