BOB'S REVIEW
August 30, 2018
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August 30, 2018  08/30/18 7:35:07 AM

It’s been a pretty busy summer around here.  For the most part, the weather we’ve had has cooperated with the building and repair projects.  We are hoping to finish them up in the next 2 or 3 weeks.  Electricians get blamed for everything being late since they have to wait for everyone else to go their work done before the wiring is completed.
 
Our growing season has been pretty good.  Heat and moisture came as we needed it.  Beans are starting to turn.  Some sudden death has been noted.  Bean harvesting could start in 3 weeks?  The corn crop looks good from the road.  Could this year be as good or better than last fall?  We’ll soon know as the combines start to roll.
 
Talk of large crops and our large old crop carry out bushels have weighed on future prices and basis levels.  The trade issues with China has not been good for most of the ag sector.  The aid package announced last week will help a little but the exports to China need to show up again.  They’ll have to buy our beans directly from us or through a 3rd party to keep their people fed?  I just hope we get everything ironed out as fast as we can.  I didn’t think bean basis could ever get this wide.  Especially at the river terminals.
 
Bart Bros hope to finish up their work on the new bin fill conveyors early next week.  The conveyor reclaim work will be done as they get time.  Konken needs to do a lot of work on the bin and a little more on the outbound scale.  Hopefully we’ll have a short learning curb on the workings of the new scale. 
 
Our annual meeting will be held on Thursday September 13th in Traer at the Memorial Building.  We will start at 7:00 pm.  Post card reminders will be mailed out to you in a day or two.  Our office and the board of trade will be closed this coming Monday (9/3) for Labor Day. The 2018 Harvest Policy has been posted on the web page. 
 
Bob
 
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