706 German

Members
  • Content Count

    28
  • Joined

  • Last visited

Community Reputation

2 Neutral

About 706 German

  • Rank
    Member

Profile Information

  • Gender
    Male
  • Location
    Minnesota

Recent Profile Visitors

338 profile views
  1. 706 German

    5488 MFWD

    Is it possible to put a magnum front end in place of the old style MFWD. We bought one off an auction and the front end is shelled out. Just wondering if it possible. Thanks
  2. 706 German

    Anybody on here live close to Renville Minnesota?

    60 miles east of me. Let me know if you need help.
  3. 706 German

    What Is Meant By "Basis"?

    The HTA contract is a great tool, but the problem is most elevators have fees associated with doing htas. The further out you go the more the fee which generally eats up most of whatever basis improvement you would have gained. We typically see guys doing htas 10-12 months ahead for new crop(dec) corn with the intention of capturing an improved basis. If basis doesn’t improve they roll them to March or May and see what happens.
  4. 706 German

    What Is Meant By "Basis"?

    Basis contract- so a basis contract is a way for the farmer to pick up a few cents locking basis when the local market demands the grain with out locking the futures. Typically for us the best time is after harvest, around holidays, or in September before harvest starts. You can roll basis contracts but from my experience it very seldom works. There is a lot more to them but I hate typing on my phone. One thing to remember with basis is it is attached to delivery- meaning what month you lock basis is the month you deliver unless you roll the contract. For example our local market has 3 different delivery periods(basis’s) against the September futures for first half of August they are bidding -.32 for last half of August -.30 and for September -.28. So if a farmer thought that the futures market was going to rally he could lock the -.28 for September and leave the futures open and try to pick up the futures rally. Hta contracts- Hedge to arrive- so with a hedge to arrive the farmer is locking the futures price and leaving the basis open. Hta’s can be used any time the farmer likes the futures price. Htas are a lot more fluid and can be typically rolled cheap. For example if a farmer likes the futures price (cbot) for December but doesn’t like the basis he could lock the futures and leave the basis open. Any time after the farmer locks futures he can set basis but the month he picks for setting basis(delivery) has to be traded against the month he has the futures set for. I know it is getting muddy now. There are only certain futures(cbot) months traded for corn September, December, March, May, and July. That’s where the contracts work together. Like I said I hate typing on my phone. Signed, Grain merchandiser from SWMN. I can try to answer questions if they are asked. Also I started out as the sap dumping trucks.
  5. 706 German

    Strip Till

    We use a Krause 1205 8-30 mounted on a 440 quad with a 2300 air cart behind. It works best at about 7 mph.
  6. 706 German

    Grain bin collapse in Ohio

    That’s what happens when you side draw steel bins. We removed all of our side taps at work just for this reason.
  7. 706 German

    Farming after heart surgery??

    I normally don't post very often but I can weigh in on this topic. I turned 30 in February. February 8th I had aortic valve replacement which was my third open heart surgery. My first surgery was 12 years ago followed by my second surgery 10 years ago. I am plagued with heart issues ranging from leaking to hardening to rhythm issues. I have 4 wonderful kids and I am as active as anybody I know. I work full time at a grain elevator and farm on the side. My cardiologist wants my to be as active as I can and I have zero restrictions. I enjoy running and yesterday morning I ran 5.5 miles. With all of that being said it is what you make of it, don't over do it but keep working at it. Best of luck to you and I hope you have good recovery.
  8. 706 German

    1066 hydro issue

    Ok that makes sense. Thank you
  9. 706 German

    1066 hydro issue

    On my 1066 hydro it sounds like the tractor is under load all the time. When I cycle the hydraulic levers either way the engine gains rpm then when released goes back to laboring. This tractor came from factory with out a 3 point and I put one on it. Now that the 3 point is on when I lower the 3 point it is still under load and when I raise it there is a noticeable increase in rpm then when it raises all the way up and stops the tractor bogs down again. Any ideas where to start? Also the tractor is equipped with power beyond. Thanks,
  10. 706 German

    Finally figured it out

    This 1066 hydro came from factory with out a 3 point hitch. I bought it with water in the engine oil. The hydro only has 500 hours on a rebuild so that was the selling point. After much deliberation I decided to put a 3 point on it. The project went pretty good and I am just finishing up cleaning up and painting some of the smaller parts before I put them on.
  11. 706 German

    Finally figured it out

    I had one at the time I set up the account. It has been gone for a couple years. I redid the injection pump, injectors, complete wire harness, and several other things. It needed an overhaul and I didn't want to take that project on at the time so it went down the road. On a side note the 886 in the first picture is a German. It is the last ih tractor my grandpa bought new. He has been gone for 7 years now. The 886 has 3500 hours on it. He had it repainted 15 years ago because one of the doors started rusting. Needless to say the 8 won't be leaving.
  12. 706 German

    Finally figured it out

    Is this 3rd arm an IH? If so what is it off of?
  13. 706 German

    Finally figured it out

  14. 706 German

    Finally figured it out