BOB'S REVIEW
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Aug 3, 2015  08/03/15 12:44:20 PM

Where did the summer go?  The State Fair is right around the corner, football season and school will be starting in a couple of weeks.    Harvest will be here before we know it.
 
We started our construction project in early April.  The spring rains did slow everyone down which in turns starts the domino effect for everything else.  The receiving pit, dryer pad, and the north concrete approach have been completed.  Forty feet of tower, receiving leg, and wet leg have been erected.  Another crane should be here this week to help finish setting the tower, legs, and to begin work on the catwalk back to the cement elev.  Once this work is completed the dryer should start to be built.  Once the crane work is completed a building covering the new receiving pit will be constructed.  The LP line from the storage tanks has been dug in to the new vaporizers.  We will need to upgrade our electrical service with all the motors we have added the past several years.  Hooking up the gas line and getting all the electrical work done will be some of the last work that will need to be done.  Hope the weather continues to work in our favor so this project can be finished up several weeks before harvest. 
 
The growing season around here has been exceptional.  An inch of rain each week going forward would finish this crop.  The only question remaining is does the good/excellent area outweigh the bad (too wet) when the final yields are calculated.  The markets continue their decline with basis staying firm.  Producer selling has pretty much dried up after the future markets started to retreat about three weeks ago.  I’m still a seller.  The next USDA report is due out on the 12th.  We will get their next guess on crop production and carryout figures.  Weekly crop progress numbers are released Monday afternoons at 3:00 pm until harvest is almost completed.   
 
Our fiscal year ended last Friday 7/31/15.  The auditors will start their work on Monday the 10th.  According to our in-house numbers at the end of June, we were having a pretty good year. Thank you for your support and patronage.
 
We fed around 125 people at our annual customer appreciation picnic last Monday night.  I thought we had a pretty good turnout. 
 
Bob  
 
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