11/04/21 Your Board of Directors has set the following patronage allocations for the fiscal year ended 8/31/21:
QualifiedNon-QualifiedTotal Grain 13.6 cents/bu 5.44 cents/bu 19.04 cents/bu Grain Storage & Drying 10% of $ paid 0% 10% of $ paid Merchandise and Services 10% of cost 0% 10% of cost
Checks mailed in December represent 40% of the QUALIFIED patronage dividend. You will pay taxes on the entire Qualified dividend this year. The remaining part of the Qualified dividend will be retained and paid out with all taxes paid in the future. The Non-Qualified portion will all be retained and paid out in the future. You will pay taxes on this portion in the year they are revolved. Currently Ray-Carroll has revolved equity to 2011 and plan to stay within a ten year window.
12/07/21 Corn up 3, Beans down 11, Wheat up 2 Crude Oil- 72.01 up 2.52 US Dollar- 96.39 up .06 Dow Jones- 35748.79 up 522.82
Today was a mixed day with everything down this overnight and this morning with prices improving for corn and wheat towards the close. Soybeans traded lower on spreading from the January to the March and the expected blending requirements of fuel being more heavily leaned towards ethanol than biodiesel. Corn was lower early on expectations of today’s blending requirements being for more biodiesel blending and then got a good bump in price when they came out just the opposite. Wheat traded lower on traders disregarding Biden’s Russian sanction comments from yesterday and then found a way to rally with corn prices at the close. Zach