Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 22 650'2 650'2 629'0 635'4 -15'0 635'0s 12/02 Chart for @C2Z Options for @C2Z
Mar 23 660'2 660'4 645'6 646'4 -14'2 646'2s 12/02 Chart for @C3H Options for @C3H
May 23 659'0 659'0 647'0 647'2 -12'0 647'2s 12/02 Chart for @C3K Options for @C3K
Jul 23 653'4 654'0 644'0 644'4 -9'6 644'2s 12/02 Chart for @C3N Options for @C3N
Sep 23 615'0 615'0 607'4 609'2 -6'4 608'4s 12/02 Chart for @C3U Options for @C3U
Dec 23 601'0 602'0 597'2 598'0 -3'2 598'0s 12/02 Chart for @C3Z Options for @C3Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 23 1432'0 1443'0 1425'4 1440'4 8'6 1438'4s 12/02 Chart for @S3F Options for @S3F
Mar 23 1438'4 1450'4 1432'2 1448'0 9'6 1446'4s 12/02 Chart for @S3H Options for @S3H
May 23 1445'6 1458'2 1440'0 1456'0 9'4 1454'0s 12/02 Chart for @S3K Options for @S3K
Jul 23 1450'4 1462'2 1444'2 1460'6 10'0 1458'4s 12/02 Chart for @S3N Options for @S3N
Aug 23 1432'2 1445'0 1428'2 1443'2 10'4 1441'0s 12/02 Chart for @S3Q Options for @S3Q
Sep 23 1393'2 1403'2 1389'4 1400'4 8'6 1399'0s 12/02 Chart for @S3U Options for @S3U
Nov 23 1369'2 1382'0 1368'0 1378'6 8'2 1377'6s 12/02 Chart for @S3X Options for @S3X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 22 750'0 750'0 738'4 738'4 -21'4 737'2s 12/02 Chart for @W2Z Options for @W2Z
Mar 23 782'0 783'0 755'6 760'0 -22'0 761'0s 12/02 Chart for @W3H Options for @W3H
May 23 795'0 795'0 768'2 772'0 -22'0 773'2s 12/02 Chart for @W3K Options for @W3K
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Dec 22 153.000 153.575 152.900 153.250 0.300 153.350s 12/02 Chart for @LE2Z Options for @LE2Z
Feb 23 155.400 156.200 155.200 155.800 0.450 155.875s 12/02 Chart for @LE3G Options for @LE3G
Apr 23 159.175 159.850 159.050 159.525 0.325 159.575s 12/02 Chart for @LE3J Options for @LE3J
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 12039.75 12067.75 11740.50 11979.00 - 52.50 12010.25s 12/02 Chart for @NQ2Z Options for @NQ2Z
Mar 23 12158.25 12182.50 11860.00 12098.00 - 53.00 12126.50s 12/02 Chart for @NQ3H Options for @NQ3H
@YM - E-MINI DOW JONES $5 - CBOT
Month Open High Low Last Change Close Time More
Dec 22 34403.00 34528.00 33935.00 34389.00 30.00 34459.00s 12/02 Chart for @YM2Z Options for @YM2Z
Mar 23 34665.00 34776.00 34196.00 34631.00 29.00 34712.00s 12/02 Chart for @YM3H Options for @YM3H
My Custom Markets
Symbol Open High Low Last Change Close Time More


Announcements


Hardin/Norborne Area meeting will be in Norborne, no meeting in Hardin this year.
11am Open House, 11:30 Lunch with business meeting to follow. 

Crop Insurance Reminder: Please report planted Wheat acres to the FSA and your Agent!

Crop Insurance Spring Price:

Corn $5.90
Soybeans $14.33
Grain Sorghum $5.88

Crop Insurance Fall Price:
Corn $6.86
Soybeans $13.81
Grain Sorghum $6.83
 

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
View complete Local Weather

Daily Market Commentary
 
12/1/22

Corn down 7, Beans down 40, Wheat down 13
Crude Oil-81.41 up .86
US Dollar-104.74 down 1.2
Dow Jones-34,415.38 down 174.39

Well, not every day can be an up day… Soybeans took a beating while corn and wheat tucked their tails in the corner. A lot went on in the soy complex today, but the main downward driver was a disappointing biodiesel announcement from the EPA. In the past months, soyoil prices have been floating high on the many new renewable diesel projects that have been announced; also giving funds reason to put on fresh longs. Soyoil has been anticipating the EPA to align by increasing blending requirements, but instead they released lower than normal blending requirements today. It’s basically the EPA’s way of saying “go electric.” Soyoil traded limit down on the news and the longs were flushed out causing the whole soy complex to see red.

Brynna

12/2/22

Corn down 14, Beans up 9, Wheat down 22
Crude Oil-80.18 down 1.04
US Dollar-104.52 down .19
Dow Jones-34,429.88 down 34.87

Soybeans were able to make up almost a dime of yesterday's losses in today's trading session. Chinese pricing and bargain buyers were able to make prices firm up a bit. Biodiesel woes spurred another round of technical selling for corn and wheat which caused prices to fall.

Brynna
 

 
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