Happy Summer! It is hard to believe the longest day of the year is behind us along with a couple warmer days.  A much-needed rain was welcomed Sunday night into Monday morning for much of our general area.  As of Tuesday, the weather forecast looks like we will have very tolerable temperatures over the next week with some more measurable rain on Wednesday.

The good old Supply and Demand rule is being reflected in the markets to start this week off.  The probability of abundant crops currently is looking promising.    We have a lot of growing season left and as we know things can change in a hurry especially when severe weather hits an area. 

If one has old crop still in bins on the farm waiting for a jump in price, remember we offer an open order option which is free and allows for the price to be met on the overnight trade as well as during open day trading hours.  Those of you who still have Delayed Price grain at any of our locations, the open order option is also available for you as well.  Just a reminder for those of you with DP grain, if it is not sold by close of day trade on October 3^rd, 2025, we will automatically price it at the closing price per that location.

FYI: Next Monday, June 30^th, at 11 am CST the grain stocks and acreage report comes out.

Thank you for your patronage with CFC/Fremar LLC, and as always please reach out to any of our locations for help with any questions you may have.  Wishing you a safe and enjoyable 4^th of July and rest of your summer!

Viborg Project Update – We have had 4 contractors (concrete, millwrights, dirt & electrical) working over the past couple of weeks.  The east bin floor will be poured early next week weather permitting.  The west bin stem walls rebar is set, and they are setting forms to pour them next week weather permitting.  All but the top platform section of the leg tower has been erected, and they are going to start going up with the leg trunking sections.  Electricians have been burying conduits onsite into the MCC (Motor Control Center/Electrical Room) area with footings scheduled to be poured next week. The bin jacking crew is scheduled to be onsite the week of July 7^th to start building the east bin (est. 10 days/bin to complete).  The scale equipment is scheduled to be delivered mid-July with construction timing late July/early August.  Overall construction is on track to be completed ahead of this fall’s harvest.

Marion Downtown Elevator – At a joint CFC/Fremar, LLC Board meeting the decision was made that we will no longer be handling wheat at the Marion Downtown Elevator. The facility needs structural repairs to both the silo walls and foundation, and we would also need to replace a grain leg to continue operating the facility. With the age of the facility repairs like this are common every 2-3 years, the reality is that we are reaching the end of the useful life of the Marion Downtown concrete.  The only location that will be taking Winter Wheat is the Viborg downtown elevator.  We will not be handling Spring Wheat as we do not have separate bins.  

Last week we sent the announcement that the Boards of Directors of CFC and Farmers Elevator Company (FEC) of Mt Vernon had passed a motion to enter negotiations to merge FEC into CFC.  FEC started looking at potential partners earlier this year when their longtime manager and their bookkeeper announced their intentions to retire at the end of December 2025.  Prior to a merger being finalized the boards will have to agree to terms and outline them in a Unification Agreement and Plan of Merger.  If approved by both boards FEC will hold an informational meeting with their membership and then they would have a membership vote to approve the merger of FEC into CFC.  FEC is in Mt Vernon, SD and is involved in Agronomy, Grain and Feed with over 1.1 million bushels of upright grain storage and a 2,000-ton fertilizer plant (built in 2017).  We have done our due diligence with FEC and look forward to the opportunity to expand our trade area and serve customers in and around Mt Vernon.

Thanks for your patronage, it is greatly appreciated.