Spring Is Here
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Partners & Friends,
We are entering the time of year of great anticipation: planting season is just a few short weeks away! There are last minute financials to be attended to, winter projects being wrapped up, newborn calves on the way, and tiling projects getting finished. The equipment is hooked up and readied for the spring rush to begin. We have received deliveries of seed and products for planting. Over the past few weeks, we have also been able to put two more loads of tile in the ground. Grain delivery continues to be at the forefront of our attention as we try to take advantage of basis opportunities and clean out bins before the hot summer weather.
The nationwide banking chaos is having a negative effect on the commodity markets. It appears that The Fed will not raise interest rates as expected, which will lead to a longer run of inflation. Energy and fertilizer prices are easing, which will help input prices for next year. The extension of the agreement between Russia and Ukraine will also enable more grain to be exported, which will help relieve worldwide supply issues. There is still, however, much longer-term production capacity lost in Ukraine.
Ali is at UChicago for her last quarter of classes before graduation. Phyllis and I had a wonderful, one-on-one trip with Cora in Kentucky, where we visited the Creation Museum and Ark Encounter. Lindsay is due in less than a month. Goat showing season has resumed again.
Fall Prices:
Corn—5.39
Soybeans—12.92
Enjoy spring!
Steve
