Propane Prices Low Pre-Harvest

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Russ QuinnDTN Staff ReporterOMAHA (DTN) — With much of the Corn Belt facing a late-maturing, high-moisture crop, some farmers are already making plans to dry their grain this fall. That means they’ll likely need to purchase propane — if they haven’t already — to fuel their grain dryers.Late summer and early fall is the time many farmers lock in propane prices for the grain-drying season. With a wet spring delaying planting this year, especially in the Eastern Corn Belt, there could be a lot of wet grain to dry this fall.Right now, propane prices are low thanks to high production of the fuel, according to propane analysts. But high demand for propane during harvest followed by a cold winter could push prices higher.PROPANE PRICE AT MULTI-YEAR LOWThere is a good supply of propane in the country as fall harvest begins, said DTN Refined Fuels Reporter Alton Wallace. That has been the case in the U.S. since the beginning of the “Shale Revolution” in 2012, which has allowed the country to dramatically increase crude oil and natural gas production, he said.According to U.S. Energy Information Administration (EIA) statistics, propane production in the U.S. is now roughly about 1.8 million barrels per day (bpd). And production is continuing to increase, Wallace said, growing by 8.3% from 2017 to 2019.“We have a lot of propane right now,” Wallace said.One doesn’t have to be an economist to figure out that if supply outpaces demand, prices will decline, Wallace said. In mid-August, for example, the price of propane at the Conway, Kansas, hub fell to 37 cents per gallon, a three-and-a-half-year low, he said. In mid-September 2018, the price at Conway was near 78 cents a gallon.With propane production at record levels, the market is in an oversupply situation, and prices have been less volatile than in the past, Wallace said.“The U.S. has become an energy superpower because of the Shale Revolution,” he said.While it appears likely that propane prices will be fairly low this fall, there are some factors that could drastically alter that outlook, Wallace said.The propane market can see increased volatility due to the weather, Wallace said. As history has shown, extremely cold winter weather can cause an increase in propane demand and prices can skyrocket quickly. A harvest season in which farmers need more propane to dry down wet crops followed by a cold winter could create a situation where propane prices move considerably higher, he said.Another factor that could affect propane prices is the burgeoning export market.Because of its increased propane production, the U.S. has become a major exporter on the global market, Wallace said. EIA data for the week ended Sept. 13 showed U.S. propane exports at 1.162 million barrels per day.Wallace said companies are building export facilities as this is becoming an important component of the market. The downside to increased propane exports is if export demand for propane rises, those buying propane in the U.S. — such as farmers — are forced to compete for availability with the export market, he said.SOME BOOK PROPANE, SOME DON’TIn August, DTN asked readers about their propane-buying habits. This question was posed in the DTN 360 Poll: “As propane production has increased and domestic demand has been flat, the price of propane has dropped to half its value during the past 12 months. Some farmers may be thinking about their propane needs for the upcoming crop drying and heating. What is your plan for propane this late-summer/fall?”The poll received a total of 171 responses. Of those, 46% said they “Will book propane in August.” Thirty-nine percent said they were “Not going to book propane at all,” while 12% said they “Will book propane in September.” The remaining 3% said they “Will book propane in October.This week, Mark Nowak, a farmer and ag consultant from Wells, Minnesota, told DTN his propane dealer was set to visit him the same day to preorder some of his propane needs. He was set to lock his propane price at $1.08 per gallon, which he said was down from last year ($1.19 per gallon) and 2017 ($1.13 per gallon).There could be a lot of crop drying needed this fall across the Corn Belt, Nowak said. He estimated that most of the corn will black layer by Oct. 1, and thus, the moisture at that time would likely be around 32%.Most farmers harvest corn around 22%-24%, so the crop will need to dry 8% to 10% in October, he said.“I think the month of October is going to be the wildcard here,” Nowak said. “If we continue to see this warm and dry weather, I think the crop can dry down pretty good. But if we see cool and cloudy weather, maybe we will be doing a lot of drying.”CROP MOST BEHIND IN EASTERN CORN BELTCorn and soybean planting was delayed across much of the Corn Belt this spring by wet field conditions, but one region where this was especially true was the Eastern Corn Belt. Areas in Illinois, Indiana and Ohio saw much rain, which pushed planting to as late as the summer in some cases.Brian Scott, who farms near Monticello, Indiana, said his region will see a late harvest this fall. He estimated harvest could be around a month later than normal.“We have a lot of corn that probably won’t black layer until mid-October,” Scott told DTN.Scott said the grain dryers in his region are going to be used this fall. It has been a couple of years since they last used their grain-drying equipment, he said.Scott booked propane earlier this summer — not necessarily because of the amount of drying that could take place this fall, but to take advantage of a summer-fill discounted price. He topped off his 4,000-gallon storage tank like he normally does, he said.There are other farmers who are planning for the increased demand for propane this fall, Scott said. He said he knows of one farmer who built a new propane storage facility so he could get a good price on propane this year. The new facility will allow him to take a full semi-truckload of propane, Scott said.Another farmer who already booked some propane was Mike Cooprider of Howesville, Indiana. He planted his corn from May 18 through June 5. However, he wasn’t able to plant his soybeans until July 15.“Like most farmers, we are praying for a long fall,” Cooprider said.Cooprider said he dries “a lot of corn” every fall, but this year, he could be drying all of his corn crop. For that reason, he has already filled the propane tanks at his bin sites, he said.Russ Quinn can be reached at russ.quinn@dtn.comFollow him on Twitter @RussQuinnDTN(AG/CZ)© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img read more

A Rose By Any Other Name Would Appear Somewhere in this Database of 1.25 Million Plants

first_imgRelated Posts Tags:#Real World#web curt hopkins The Plant List is the largest, most exhaustive listing of plants in the world’s history. In fact, it is a list of every single known plant on earth, over a million. And it’s all available in one place online to anyone, not just academics. The Royal Botanic Gardens and the Missouri Botanical Garden are the prime movers in this attempt to sort what Discovery News called the “taxonomic jumble” of plant names that has grown up around the study of botany. The Plant List brought together scores of databases and lists from scores of institutions into one place and standardized most, identifying those whose naming is still a matter of discussion. Use of plants as food, for medicinal, for pharmacology and conservation purposes may be made more efficient with this project. The public announcement was the culmination of the United Nations International Year of Biodiversity. The project grew from a the UN Biodiversity Convention last year mandating the creation of just such a database. Experts still do not agree on between 200,000 and 300,000 of the names. The role of botanists in the next 9 years, when the database is due to be “finished” is to reduce that number to zero. If there’s a fault in the list, it’s an ironic one. It’s more difficult to find things, either via search or browse, than it ought to be. When I searched on the genus “rosa” the result was a statement that the genus was not available. When I browsed, allowing the titanic list of genera load (which took several minutes), I found it. Why Tech Companies Need Simpler Terms of Servic…center_img A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Block Sites From Your Google Search Results (No Extension Required)

first_imgAfter a litany of complaints about the declining quality of its search, Google has made a number of changes over the last few weeks to combat the spam in search results. It tweaked its algorithm, for example, and it unveiled a Chrome extension that lets you manually block certain sites from showing up.That functionality will now be available without an extension (provided you’re using versions Chrome 9, IE8 or Firefox 3.5 or higher) as Google is adding a new option to its search that will give you the ability to block domains from appearing in your future search results.You won’t initially see the option to block domains until you’ve clicked through a link in your search results and then hit the “back” button in your browser. Then, right next to the link to “Cached” and “Similar,” you’ll find option to “Block all” results from a domain. Once you’ve blacklisted a domain, you won’t see it in search results, although if it would appear there, you’ll get a message telling you that some results have been blocked. audrey watters A Web Developer’s New Best Friend is the AI Wai… Tags:#Google#web Why Tech Companies Need Simpler Terms of Servic… Related Posts Top Reasons to Go With Managed WordPress Hosting These domains will be connected to your Google Account, so you’ll have the ability to see your list of blocked sites and manage them via your Search Settings.Google says it hopes this will improve search results, and it’s bound to if you’re irritated enough by certain domains to take the time to block them. Google also says that, at this time, it’s not using any information about which sites people choose to block as a signal for search ranking. However Google plans to keep an eye on this data as it looks to improve search results in the future. 8 Best WordPress Hosting Solutions on the Marketlast_img read more

Three killed in BSF firing in Tripura border

first_imgBSF shot dead three tribal villagers, including a woman, at a border location in south Tripura on Friday afternoon. Two villagers sustained injuries in the incident that occurred after residents allegedly attacked a security patrol following seizure of cattle meant for smuggling to Bangladesh.Police said tension was brewing in the tribal-dominated area since March 13 after BSF troops of 31battalion captured seven cattle at Bangamura in Sabroom subdivision. Friday’s incident occurred at Herbatali, near border pillar number 22043RI and 300 meter from Bangladesh border.BSF battalion Commandant T.S. Negi claimed a crowd attacked Assistant Sub Inspector Abhay Singh and Constable Rabi Datta after they foiled another cattle smuggling attempt on Friday afternoon. “Rabi Datta came under attack by people armed with sharp cutting weapons and he fired shots in self defense”, he told The Hindu by phone.He said Rabi Datta was injured in the attack. Mr. Negi said villagers refused to accept medical help from BSF medicos.While Mr. Negi could not give number of casualties, police confirmed death of three villagers. Sur Laxmi Tripura, 35, Min Kumar Tripura, 35 and Pora Kumar Tripura, 35 received bullet shots and died on the spot. Jiban Kumar Tripura and Prem Kumar Tripura were injured.Tension was running high in the area with villagers claiming they were protesting against rape of a tribal woman by BSF personnel before being fired upon. BSF troops were withdrawn from local post in view of current situation.Senior police officials arranged transfer of bodies and injured to a hospital after reaching the incident sport. Tribal political parties condemned the incident and demanded punishment of guilty BSF men.On July 22 last year a BSF trooper shot dead a woman at Tarapukur in Sonamura of Sepahijala district. The assailant allegedly made a rape attempt on young woman before firing.last_img read more

Astral Out of Home Unveils Canadas Largest Single Digital Screen at Torontos

first_img LEAVE A REPLY Cancel replyLog in to leave a comment TORONTO, June 12, 2017 – Astral Out of Home (AOOH), a division of Bell Media, announced today the introduction of Canada’s largest single digital screen, measuring more than 26 feet high and more than 188 feet long, at Yonge-Dundas Square in Toronto. Animated in full motion, the new digital wrap delivers a brand-new multi-media experience with stunning, cutting-edge visuals at extremely high resolution.“The Yonge-Dundas Square digital wrap represents a major addition to Astral Out of Home’s already impressive portfolio,” said Karine Moses, President, Astral Out Of Home. “The sheer scale of the screen, with its full motion video capabilities synchronized with a dedicated, static digital screen, provides advertisers with the flexibility to deliver a powerful story while bringing their brand to life.”Located off of one of Canada’s busiest intersections, Yonge-Dundas Square combines a daily traffic of more than 93,000 pedestrians and more than 30,000 vehicles, with two major universities and shopping malls nearby, contributing to a total of more than 52 million visitors a year. The square is also home to many festivals, including NXNE, Luminato, and Nuit Blanche, and most recently hosted the sneak peek of Bat Out of Hell: The Musical. Login/Register With: Twitter Advertisement Advertisement About Astral Out of HomeAstral Out of Home, a division of Bell Media, is one of Canada’s leading out-of-home advertising companies with more than 30,000 advertising faces strategically located in the British Columbia, Alberta, Ontario, Québec, and Nova Scotia markets. Driving innovation on one of the country’s most dynamic media platforms, Astral Out of Home is committed to staying at the forefront of the latest technological trends, offering advertisers the opportunity to deliver powerful messages that engage and connect with consumers. For more details, visit www.bellmedia.ca. Facebook Advertisementlast_img read more

Freesat the UK free to air satellite TV provider

first_imgFreesat, the UK free to air satellite TV provider, has announced that David Thomas has joined the company as its new head of product. Thomas has a varied background and extensive experience in the communications and broadcast sector, having held positions with companies like Sky, Cellcast, Endemol and Atlas Mobile.He joins Freesat from fintech start-up Novastone Media where he was also head of product. Prior to Novastone, Thomas worked as a consultant at mobile web development specialist, Atlas Mobile, as well as working as a product lead at Sky.Commenting on his appointment, Thomas said: “As a longstanding Freesat customer, I’m excited to be joining the business at such an important time in the company’s journey. There is huge potential for growth in the product offering, as well as many ways in which we can further enhance user experience around existing features. I’ve been extremely impressed by the team.”Alistair Thom, managing director at Freesat, added, “David’s appointment is key in this crucial year for Freesat. His diverse experience is invaluable as we look to connect with both new and existing customers in a number of innovative and exciting ways.”last_img read more