Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 23 479'6 485'4 479'0 485'0 5'2 479'6 10:17A Chart for @C3Z Options for @C3Z
Mar 24 494'6 500'0 494'0 499'2 4'6 494'4 10:17A Chart for @C4H Options for @C4H
May 24 502'6 508'2 502'4 507'6 5'0 502'6 10:17A Chart for @C4K Options for @C4K
Jul 24 507'2 512'4 507'0 512'2 5'0 507'2 10:17A Chart for @C4N Options for @C4N
Sep 24 506'0 509'4 505'4 509'4 4'4 505'0 10:17A Chart for @C4U Options for @C4U
Dec 24 509'2 512'4 508'2 512'4 3'6 508'6 10:17A Chart for @C4Z Options for @C4Z
Mar 25 520'0 522'0 519'2 520'4 1'6 518'6 10:17A Chart for @C5H Options for @C5H
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 23 1302'6 1317'0 1297'4 1312'2 9'4 1302'6 10:17A Chart for @S3X Options for @S3X
Jan 24 1320'2 1336'2 1316'2 1331'6 10'6 1321'0 10:17A Chart for @S4F Options for @S4F
Mar 24 1333'0 1348'2 1328'4 1345'4 12'6 1332'6 10:17A Chart for @S4H Options for @S4H
May 24 1339'0 1356'4 1336'6 1354'0 13'2 1340'6 10:17A Chart for @S4K Options for @S4K
Jul 24 1342'6 1358'2 1338'2 1356'6 14'4 1342'2 10:17A Chart for @S4N Options for @S4N
Aug 24 1322'0 1340'2 1321'2 1338'6 14'4 1324'2 10:17A Chart for @S4Q Options for @S4Q
Sep 24 1281'2 1297'4 1280'6 1297'2 14'0 1283'2 10:17A Chart for @S4U Options for @S4U
Nov 24 1267'0 1281'0 1263'0 1280'4 14'4 1266'0 10:17A Chart for @S4X Options for @S4X
Jan 25 1270'0 1284'0 1268'6 1284'0 12'0 1272'0 10:17A Chart for @S5F Options for @S5F
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 23 589'2 594'4 583'0 586'6 -2'2 589'0 10:17A Chart for @W3Z Options for @W3Z
Mar 24 616'4 621'0 610'4 614'0 -2'2 616'2 10:17A Chart for @W4H Options for @W4H
May 24 633'4 638'2 628'6 632'0 -1'6 633'6 10:17A Chart for @W4K Options for @W4K
Jul 24 643'4 647'0 639'2 642'6 -1'4 644'2 10:17A Chart for @W4N Options for @W4N
Sep 24 655'2 658'6 652'0 654'2 -2'6 657'0 10:17A Chart for @W4U Options for @W4U
@KW - HARD RED WINTER WHEAT - KCBT
Month Open High Low Last Change Close Time More
Dec 23 710'2 715'4 701'2 704'0 -6'4 710'4 10:17A Chart for @KW3Z Options for @KW3Z
Mar 24 717'6 722'2 708'6 711'4 -6'2 717'6 10:17A Chart for @KW4H Options for @KW4H
May 24 722'4 726'4 714'0 716'6 -6'0 722'6 10:17A Chart for @KW4K Options for @KW4K
Jul 24 715'0 716'2 707'2 709'6 -3'4 713'2 10:17A Chart for @KW4N Options for @KW4N
Sep 24 719'0 722'6 713'4 715'2 -3'0 718'2 10:17A Chart for @KW4U Options for @KW4U
@GF - FEEDER CATTLE - CME
Month Open High Low Last Change Close Time More
Sep 23 252.475 252.500 251.650 251.900 - 0.700 252.600 10:17A Chart for @GF3U Options for @GF3U
Oct 23 253.925 254.575 252.000 252.000 - 1.875 253.875 10:17A Chart for @GF3V Options for @GF3V
Nov 23 256.850 257.600 254.750 254.750 - 2.125 256.875 10:17A Chart for @GF3X Options for @GF3X
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 23 185.250 185.800 184.450 184.825 0.025 184.800 10:17A Chart for @LE3V Options for @LE3V
Dec 23 188.850 189.350 187.725 188.100 - 0.375 188.475 10:17A Chart for @LE3Z Options for @LE3Z
Feb 24 193.250 193.825 192.150 192.400 - 0.650 193.050 10:17A Chart for @LE4G Options for @LE4G
@HE - LEAN HOGS - CME
Month Open High Low Last Change Close Time More
Oct 23 81.625 82.750 81.500 82.125 0.500 81.625 10:17A Chart for @HE3V Options for @HE3V
Dec 23 72.125 73.375 71.900 72.875 0.525 72.350 10:17A Chart for @HE3Z Options for @HE3Z
Feb 24 75.750 76.600 75.450 76.300 0.550 75.750 10:17A Chart for @HE4G Options for @HE4G
My Custom Markets
Symbol Open High Low Last Change Close Time More


Announcements

Starting on 9/27, Carrollton corn will be cash or contract only. All other locations have storage. 

ALL HOURS ARE WEATHER DEPENDENT

Location Tuesday 9/26
Corder
660-394-8889
8pm
Slater
660-529-3227
8pm
Hardin
660-398-4388
7pm
Brunswick
660-548-3131
7pm
Norborne
660-593-3326
6pm
Carrollton
660-542-2745
7pm
Trailer Factory
660-542-2745
5pm

Happy Harvest!
 

Crop Insurance Spring Price Set:

Corn $5.91

Soybeans $13.76

Grain Sorghum $5.84

09/26/2023
Your Board of Directors has set the following patronage allocations for the fiscal year ended 8/31/23:

GRAIN: 
- Qualified: 23 cents/bu
- Non-Qualified: 5.82 cents/bu
-Total: 28.82 cents/bu

GRAIN STORAGE & DRYING:
- Qualified: 8% of $ paid
-Non-Qualified: 0%
-Total: 8% of $ paid

INPUTS & SERVICES:
- Qualified: 8% of cost
-Non-Qualified: 0%
-Total: 8% of cost
 
Checks mailed in December represent 50% 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 2013 and plan to stay within a ten year window.


Patronage Checks Example

  • If you sold 100,000 bushels of grain to R-C during the 2022 crop
  • You will receive a check in December for $11,500 (50% of Qualified), and you will pay taxes on $23,000 this year.
  • The remaining $11,500 of Qualified Patronage will be retained and should be paid out within 10 years. Taxes are already paid on this amount.
  • Non-Qualified Patronage is all retained.  Your check for $5,820 should be paid out in 10 years.  At that time, you will pay the taxes on this amount.
  • Our plan is to pay the full $28,820 out within a ten year window barring several years of floods/droughts.
  • $1000/ton NH3 would be $80/ton patronage.  $40/ton paid in cash & $40/ton retained

Local Radar
Richmond, MO
Chg Zip Code: 
 
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Daily Market Commentary
 
9/26/23

Corn down 2, Beans down 5, Wheat flat
Crude Oil-90.28 down .92
US Dollar-106.18 up .18
Dow Jones-33,618.88 down 388.00

Soybeans captured moderate gains today with harvest progress coming in slightly lower than expected on the report last night. Corn closed slightly lower on better-than-expected quality ratings on the crop progress report. The farmer wants to sell $6 corn and $14 beans but the demand will come from cheap futures, leaving the price movement battle between the consumer and farmer.

Brynna
 
 
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