This week we highlight new crop Futures price trends for both corn and beans and also look at weather prospects for Brazil and Argentina.

Tune in each week for updates on the market.

Click on the names here to watch the videos from ATI. 

• Corn 
• Beans

We have seen the impact of the Coronavirus disease (COVID-19) become more acute over the past few days and I wanted to take this opportunity to outline how we are responding to this unprecedented situation. Protecting the health and safety of our employees, members and the community at large is our number one priority as we navigate through this situation. This morning the Executive Committee of Hensall Co-op met with the Emergency Preparedness Team to put certain actions and policies into place in response to the outbreak. We will be using every tool at our disposal to slow the spread of COVID-19 to protect our employees, members and customers while ensuring we don’t disrupt our essential services within the supply chains we currently serve.

Hensall Co-op is a global company working within food companies around the world and our products and services are essential to the supply chains of our local livestock and farming industry. This outbreak is occurring as we approach the spring season for our members and customers. We recognize the need to have employees and services in place to provide our critical services to our members and customers. We firmly believe the precautions we are implementing are prudent without limiting our ability to provide the services we need to.  

The situation is fluid and will remain so, but at this time we have implemented the following measures:

VISITORS TO HENSALL CO-OP LOCATIONS

• Screening stations will be placed at key entrances to our facilities
• Non-essential visitors will not be granted access to Hensall Co-op facilities. If you have are not clear as to whether your business is essential or not, please contact us via phone at 519-262-3002 or 1.800.265.5190 for guidance as we will be continually reviewing the determination of essential and non-essential services

EMPLOYEES AND OUR WORKPLACE

• We are encouraging all employees to implement social distancing and we ask your understanding as we change the way we interact with our customers; for example, we will request a teleconference rather than face-to-face meetings
• We are monitoring travel advisories from Health Canada and a comprehensive business travel ban is in place

MEETINGS AND TRADE SHOWS

• We will be cancelling or postponing all non-essential meetings
• We will not be attending trade shows until further notice

RISK MANAGEMENT

The outbreak has created substantial volatility in all commodity and financial markets. Hensall Co-op has a risk management committee that continues to monitor markets and risks daily and meets weekly. This committee was put in place to ensure our risk management processes are being adhered to and that we are protecting the assets of Hensall Co-op. 

This is an extraordinary situation and demonstrates how quickly our world changes. Rest assured that we are monitoring the situation and we are dedicated to protecting the health and safety of our employees, our members and our industry while protecting the assets of Hensall Co-op and its members.  We will continue to provide updates as the situation changes.

This week we highlight the details of yesterday’s monthly USDA Supply and Demand Report. Additionally, we take a look at the double-crop corn in Brazil and the soybean crop in Argentina.

Click on the names here to watch the videos from ATI. 

• Corn
• Beans

Book your 2020 Acres before May 1, 2020 and save $3 per acre. 

Introducing the newest member to our custom application fleet.  Booking acres for summer 2020!!!

Download the pdf information sheet here.

Today we announced a new partnership with Ag Energy Co-operative (AEC) to offer natural gas and electricity to Hensall Co-op members. Hensall Co-op has been an AEC member for over 15 years. We are excited to partner with them now to offer our members competitive energy prices.

Ag Energy Co-operative offers energy strategies and solutions to agricultural producers and processors in Ontario. Economies of scale in purchasing and management services allow the Co-op to offer flexible natural gas and electricity programs.

This initiative demonstrates Hensall Co-op's commitment to providing members with value-added solutions in new ways, across all commodity groups and with new partners.

Members should contact our Energy Department or Ag Energy to see how this program can reduce risk and find opportunities in their natural gas and electricity spend.
 

We are pleased to announce the donation of our Parkhill property to the Municipality of North Middlesex was approved by Council this week. Subject to normal closing conditions, the property at 192 Parkhill Main Street, which was previously our Parkhill store, will be the future home for a combined Fire Station and County of Middlesex Emergency Services (EMS) location. Located adjacent to the existing fire station, the site is very well suited to meet the emergency services needs of the municipality. We are focused on strengthening our rural communities and see this as an innovative way to do just that. 

This week the ATI videos are focues on estimates for the upcoming USDA report and the weather in South America. 

For ATI Soybeans video click here.

For ATI Corn video click here. 

It’s important we tell our MPP’s we support Bill 156. Here’s what we sent: