Dear StateLine Cooperative customers,
The COVID 19 pandemic continues to impact almost every aspect of our daily lives. StateLine Cooperative has taken several actions to limit the risk of infection both within our customer and our employee groups. As the rate of infection continues to increase daily, we are taking another step in our business to manage the risk of COVID 19 and the potential impact it may have in the spring season. Beginning April 13, 2020, the following offices will be closed until May 10, 2020.
Buffalo Center – Grain office
Anhydrous ammonia will continue to be available at all StateLine Cooperative locations including those listed above. If you need to conduct business during that time you may call these closed offices and your call, will be forwarded to another StateLine Cooperative location where we can serve you. The office closures are being done so that StateLine Cooperative agronomy has access to all of the labor available within our company for spring activities. If you have any concerns about this change, please call your local StateLine staff as soon as possible so that we can address your needs.
March 19, 2020
Notice to StateLine Cooperative members and customers,
StateLine Cooperative understands the importance of doing everything we can to ensure the safety and health of our customers and employees, particularly as we approach a critical time in agricultural production. StateLine also understands the need to maintain business operations to ensure you are able to continue to market grain, order feed and crop inputs in a timely manner.
StateLine, like most businesses in the area, are taking additional steps to ensure the safety and health of our customers and employees. This includes eliminating business travel and group meetings, asking employees to self-quarantine when appropriate, and social distancing.
In our effort to support social distancing, we are immediately implementing a reduction of access to our offices to help mitigate the risk of spreading COVID-19. We will only allow office visitors who have official business to conduct with our staff.
We also encourage you to use the phone, fax, mail, email or other electronic means as much as possible to conduct business with StateLine. We will make every effort to continue to provide you with the products and services you need in a timely manner to maintain your farming operations, while providing for the safety and health of you and our employees.
Please monitor our web site for additional information and operational notices regarding the rapidly changing environment we are all working and living within.
Thank you for your understanding and support in controlling the spread of the virus.
Bill Beukema, CEO
StateLine Evening Comments April 7th
Corn North Burt: up 4 @ 2.91
Corn futures traded higher. Some feel that the market was becoming oversold. There was some talk that higher than expected USDA rating of the 2020 US winter wheat crop and talk that starting Friday, US Midwest could see cold temps and normal rains could slow corn planting. All of this may have triggered some liquidation of long wheat and short corn spreads. Average trade guess for US 2019/20 corn carryout is 2,004 mil bu vs USDA March guess of 1,892. Trade estimates Argentina corn crop near 49.6 mmt vs USDA 50.0 and Brazil corn crop near100.5 mmt vs 101.0. Also on Thursday, OPEC will have a meeting to talk about lower production. Some are hoping OPEC could agree to lower production 10 pct. That could stabilize Crude oil prices and corn prices.
Beans: down 1 @ 8.04
Soybean futures found early support on higher Crude oil trade. There was some talk that OPEC may agree to cut production. Soybeans traded off session highs on new concern that there may not be an agreement. World March soybean exports were near 15.4 mmt vs 13.4 last year. Sep-Mar exports are near 82.8 mmt vs 77.2 last year. US Sep-Mar exports are 32.8 mmr vs 30.9 last year. Brazil Sep-Mar exports were near 35.8 mmt vs 34.4 last year. China March soybean imports were 9.2 mmt vs 7.3 last year. Sep- Mar imports are near 47.6 mmt vs 41.4 last year.