Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 22 675'4 678'4 671'4 676'4 1'0 675'4 07:39A Chart for @C2Z Options for @C2Z
Mar 23 683'2 686'0 679'0 684'0 0'6 683'2 07:39A Chart for @C3H Options for @C3H
May 23 685'0 687'4 680'6 685'4 0'6 684'6 07:38A Chart for @C3K Options for @C3K
Jul 23 680'0 682'4 675'6 681'4 1'4 680'0 07:38A Chart for @C3N Options for @C3N
Sep 23 633'0 634'4 630'0 634'4 1'4 633'0 07:38A Chart for @C3U Options for @C3U
Dec 23 620'6 622'6 617'4 621'2 0'4 620'6 07:38A Chart for @C3Z Options for @C3Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Nov 22 1358'0 1363'6 1353'0 1355'6 -2'2 1358'0 07:38A Chart for @S2X Options for @S2X
Jan 23 1370'4 1376'4 1365'4 1370'0 -0'4 1370'4 07:38A Chart for @S3F Options for @S3F
Mar 23 1381'0 1386'6 1375'6 1380'4 -0'4 1381'0 07:38A Chart for @S3H Options for @S3H
May 23 1389'6 1395'4 1385'0 1391'2 1'4 1389'6 07:38A Chart for @S3K Options for @S3K
Jul 23 1395'2 1399'6 1390'2 1394'0 -0'6 1394'6 07:38A Chart for @S3N Options for @S3N
Aug 23 1384'2 1389'6 1382'0 1385'0 0'6 1384'2 07:38A Chart for @S3Q Options for @S3Q
Sep 23 1364'6 1368'2 1363'6 1364'2 4'4 1359'6 07:38A Chart for @S3U Options for @S3U
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 22 883'2 893'0 880'4 888'4 9'4 879'0 07:38A Chart for @W2Z Options for @W2Z
Mar 23 896'0 907'2 894'0 902'4 9'6 892'6 07:38A Chart for @W3H Options for @W3H
May 23 904'6 915'0 901'4 911'4 11'0 900'4 07:38A Chart for @W3K Options for @W3K
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Oct 22 145.100 145.375 144.575 145.250 0.650 145.325s 10/06 Chart for @LE2V Options for @LE2V
Dec 22 148.250 148.275 147.375 147.775 - 0.050 147.875s 10/06 Chart for @LE2Z Options for @LE2Z
Feb 23 151.900 151.950 151.200 151.500 - 0.125 151.625s 10/06 Chart for @LE3G Options for @LE3G
SP - SPF0 - UNKNOWN
Month Open High Low Last Change Close Time More
Jan 30 Chart for SP0F Options for SP0F
@NQ - E-MINI NASDAQ 100 - CME
Month Open High Low Last Change Close Time More
Dec 22 11494.50 11564.50 11335.50 11379.75 - 162.00 11541.75 07:38A Chart for @NQ2Z Options for @NQ2Z
Mar 23 11624.75 11655.00 11479.75 11519.50 - 135.00 11654.50 07:38A Chart for @NQ3H Options for @NQ3H
@YM - E-MINI DOW JONES $5 - CBOT
Month Open High Low Last Change Close Time More
Dec 22 29944.00 30111.00 29712.00 29844.00 - 138.00 29982.00 07:40A Chart for @YM2Z Options for @YM2Z
Mar 23 30155.00 30267.00 29938.00 30000.00 - 176.00 30176.00 07:40A Chart for @YM3H Options for @YM3H
My Custom Markets
Symbol Open High Low Last Change Close Time More


Announcements

Crop Insurance Reminder: 
Sept. 30 is the last day to look over and make changes to Wheat coverage. 
Revenue Price is $8.45

Crop Insurance Updates: Contract your Agent/Adjuster before cutting silage!  

 
Crop Insurance Spring Price:
Corn $5.90
Soybeans $14.33
Grain Sorghum $5.88
 


09/27/2022

Your Board of Directors has set the following patronage allocations for the fiscal year ended 8/31/22:
 
GRAIN: 
- Qualified: 21.5 cents/bu
- Non-Qualified: 5.29 cents/bu
-Total: 26.79 cents/bu

GRAIN STORAGE & DRYING:
- Qualified: 10% of $ paid
-Non-Qualified: 0%
-Total: 10% of $ paid

INPUTS & SERVICES:
- Qualified: 9% of cost
-Non-Qualified: 0%
-Total: 9% 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 2012 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 2021 crop

  • You will receive a check in December for $10,750(50% of Qualified), and you will pay taxes on $21,500 this year.

  • The remaining $10,750 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 $5,290 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 $26,790 out within a ten year window barring several years of floods/droughts.


Local Radar
Richmond, MO
Chg Zip Code: 
 
Radar
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Daily Market Commentary
 
10/6/22
Corn down 8, Beans down 11, Wheat down 23
Crude Oil- 88.60, up .83
US Dollar-112.25, up 1.18
Dow Jones-29,920.77 down 353.10

 
Ugly day in the grain markets, with everything seeing red! Bean prices went lower on technical selling and harvest time pressure. Corn suffered a setback on bearish news from the USDA export sales data and harvest pressure. Lastly, Wheat suffered double digits on the strengthening of the Dollar and faster shipping paces in the Black Sea.
 
Paige
 

 
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