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MWEST-19009_PRAIRIEGRAINS_122018-032019 PUBLISHER Minnesota Association of Wheat Growers 2600 Wheat Drive • Red Lake Falls, MN 56750 218.253.4311 • Email: [email protected] Web: www.smallgrains.org PRAIRIE GRAINS EDITORIAL Minnesota Association of Wheat Growers 2600 Wheat Drive • Red Lake Falls, MN 56750 November / December 2018 | Issue 165 Ph: 218.253.4311 • Fax: 218.253.4320 Email: [email protected] CIRCULATION Minnesota Association of Wheat Growers 2600 Wheat Drive • Red Lake Falls, MN 56750 Ph: 218.253.4311 • Fax: 218.253.4320 Email: [email protected] ADVERTISING SALES CONTENTS Marlene Dufault 2604 Wheat Drive • Red Lake Falls, MN 56750 Ph: 218.253.2074 Email: [email protected] 4 Taming the Bulls and Bears ABOUT PRAIRIE GRAINS Prairie Grains magazine is published seven times annually and delivered free of charge to members of these grower associations, and to spring wheat and 6 Now it the Time to Ask Yourself the Big Question - Why? barley producers in Minnesota, North Dakota, South Dakota and Montana. To subscribe or change address, please write or call our circulation department. 8 Prairie Talk For the Red River Valley & Surrounding Areas 10 2018 Prairie Grains Conference 16 2018 U of M Wheat, Oats and Barley Variety Trials Minnesota Association of Wheat Growers and Minnesota Wheat Council 36 Minnesota Wheat Council Seeking Candidates for 2600 Wheat Drive • Red Lake Falls, MN 56750 218.253.4311 • Email: [email protected] Board of Directors Web: www.smallgrains.org 38 2018 NDSU HRS Wheat Variety Trials North Dakota Grain Growers Association North Dakota Grain Growers Association 50 2018 AgriPro Wheat Trials 2401 46th Ave SE , Suite 204 • Mandan, ND 58554 701.222.2216 • Email: [email protected] Web: www.ndgga.com 54 21st Century Genetics Hard Red Spring Wheat in 2018 56 2018 South Dakota Spring Wheat Variety Trials South Dakota Wheat Inc. 116 N. Euclid, Box 667 • Pierre, SD 58501 605.224.4418 • Email: [email protected] On The Cover: Wheat producers attend SDWI’s NEW Wheat Works Program in conjunction with SDSU Montana Grain Growers Association variety test plots, located north of Sturgis in Meade P.O. Box 1165 • Great Falls, MT 59403 • 406.761.4596 Email: [email protected] • Web: www.mgga.org county. Bear Butt is the backdrop for this fun and educational event! Northland Community and Technical College 1101 Highway One East • Thief River Falls, MN 56701 Photo: Caren Assman, SD Wheat, Inc. 218.683.8800 Email: [email protected] Web: www.northlandcollege.edu Nov.-Dec. 2018 • Prairie Grains Page 3 Betsy Jensen | TAMING THE BULLS & BEARS Battling the Crowd If you’re planning a trip to is a necessity for soybeans, The trick to the carrying charge Disneyworld, or any amuse- since we are missing our ment park, one of the best major buyer, and no other “is that you need to sell it today. pieces of advice is to work buyers have filled that gap the park in a clockwise yet. There is no end user The second way to go management is still neces- motion. Crowds tend to for our soybeans, and we against the herd is to store, sary even after the crop” move counter clockwise, are stuck with nothing to but sell the grain for fu- has been harvested and so when the gates open, do but hold and wait. ture delivery. Please look locked away. I wouldn’t everyone moves to the right. at this option. There are advise selling everything You may find shorter lines Corn is also frightening me carrying charges for corn, today, just like I wouldn’t if you move to the left, and because once again the herd wheat and soybeans. You advise storing everything go around the park clock- seems content to store and can store the grain on your unpriced today. wise. Try this whenever you hope. More farmers are try- farm, and sell those bushels battle a crowd, whether it’s ing bag storage in the field for delivery in March, I want you to think about Big Iron Farm Show, Dis- for the first time. We have a May and even next fall. what the crowd is doing, neyworld, or Black Friday large crop, low prices, and and what is happening with at Walmart. Good luck. farmers are banking on stor- It is rare to have a carrying the crops. This is a crop year age to be profitable this year. charge in soybeans. The you will talk about for a There may be rewards market typically wants to long time. Like the Russian for people who zig when There are two ways to sell those today, and let grain embargo, $20 wheat, everyone else has zagged. go against the herd. The South America take over the and beans in the teens, It’s easy to follow the herd, first is simple, and that market when they harvest we’re going to remember the but think about moving is selling cash today. I’m around March. Soybean year of the Chinese trade against the herd. not sure I like that idea. prices are often flat, or war. Even though prices Prices are low, and har- maybe even inverted mean- are low, there is still down- I am nervous about prices vest is seasonally one of ing prices are higher today side risk. When you add the for our 2018 crop. It appears the worst times to sell. versus prices for delivery in extra money you can get the herd has decided storage later months. Today soy- with the carrying charge, it is the best option. Storage bean futures are almost makes sense to price some seventy cents higher for of those bushels in your bin, delivery next fall, compared or the bags in your field. to today. If you want to store soybeans for 12 months, you Since I am a farmer, I am will be paid seventy cents. always optimistic for higher prices, just like you. I still The trick to the carrying have 2018 crop that I need charge is that you need to to sell. What I want you to sell it today. The carrying think about is how much charge slowly disappears 2018 crop should remain with time, and next fall unpriced. With these large those seventy cents won’t carrying charges, it certainly be there. We know fun- makes a strong case for damentals of supply and pricing some grain for demand can change the delivery in the future. price, but the carrying charge will disappear. Just because the crop is in the bin doesn’t mean it has Join the to be unpriced. Risk MN Wheat Growers on Facebook http://www.facebook. com/MNWheat Page 4 Prairie Grains • Nov.-Dec. 2018 When grain quality and yield rule, profit reigns. For higher grain quality and more profit, Prosaro® fungicide holds the keys to the kingdom. With a unique combination of fast action and long residual, it delivers unsurpassed control of leaf and head diseases and is the No. 1 scab reducer. Grain quality and yields are maximized so you can claim the crown of higher profit. Learn more at prosaro.us ©2018 Bayer CropScience LP, 800 North Lindbergh Blvd, St. Louis, MO 63167. Always read and follow label instructions. Bayer, the Bayer Cross and Prosaro are registered trademarks of Bayer. Prosaro is not registered in all states. 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Hoiberg is a highly experienced consultant in change management and emotional resilience. He will be the banquet and a breakout session speaker at the Prairie Grains Conference held on December 12 & 13, 2018. See details in the Prairie Grains Conference ad in this issue. By Dennis J. Hoiberg in this period, then we need this one may not be what The Resilience Whisperer to talk! you want, you will know in your heart that you gave When life throws at us WHAT’S YOUR ANSWER? it your best effort and will challenges many of us will The people who responds by typically dedicate your Dennis J.