Futures
@C - CORN - CBOT
Month Open High Low Last Change Close Time More
Dec 22 631'4 639'6 631'4 634'0 2'6 634'6s 01:30P Chart for @C2Z Options for @C2Z
Mar 23 642'4 649'6 642'0 644'0 1'4 644'0s 03:58P Chart for @C3H Options for @C3H
May 23 644'4 650'4 644'0 644'4 1'0 645'2s 03:22P Chart for @C3K Options for @C3K
Jul 23 640'6 646'2 639'2 640'4 0'0 640'6s 02:50P Chart for @C3N Options for @C3N
Sep 23 606'4 610'4 604'2 604'6 -1'0 605'6s 01:30P Chart for @C3U Options for @C3U
Dec 23 594'2 598'2 592'0 592'4 -1'4 593'0s 03:23P Chart for @C3Z Options for @C3Z
@S - SOYBEANS - CBOT
Month Open High Low Last Change Close Time More
Jan 23 1484'2 1492'6 1477'6 1482'4 -2'4 1483'6s 03:48P Chart for @S3F Options for @S3F
Mar 23 1488'2 1497'2 1482'2 1486'4 -2'0 1488'2s 02:46P Chart for @S3H Options for @S3H
May 23 1493'4 1502'4 1488'0 1492'2 -2'2 1493'4s 02:45P Chart for @S3K Options for @S3K
Jul 23 1497'0 1505'2 1491'0 1494'4 -2'4 1496'2s 02:33P Chart for @S3N Options for @S3N
Aug 23 1475'0 1481'0 1470'4 1473'4 -2'0 1474'6s 01:20P Chart for @S3Q Options for @S3Q
Sep 23 1423'2 1428'2 1420'2 1424'6 -0'6 1425'4s 01:21P Chart for @S3U Options for @S3U
Nov 23 1394'4 1399'6 1390'0 1398'0 0'6 1398'4s 02:46P Chart for @S3X Options for @S3X
@W - WHEAT - CBOT
Month Open High Low Last Change Close Time More
Dec 22 724'2 -11'4 712'6s 01:21P Chart for @W2Z Options for @W2Z
Mar 23 749'6 752'4 730'6 732'6 -12'0 734'2s 02:32P Chart for @W3H Options for @W3H
May 23 759'2 761'6 741'2 742'2 -11'4 744'6s 01:30P Chart for @W3K Options for @W3K
@LE - LIVE CATTLE - CME
Month Open High Low Last Change Close Time More
Dec 22 152.525 154.150 152.525 153.625 1.250 153.675s 01:05P Chart for @LE2Z Options for @LE2Z
Feb 23 153.975 156.050 153.875 155.550 1.625 155.550s 01:05P Chart for @LE3G Options for @LE3G
Apr 23 158.100 159.750 158.000 159.375 1.300 159.350s 02:30P 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 11641.50 11748.00 11517.00 11553.00 - 75.75 11569.75s 04:00P Chart for @NQ2Z Options for @NQ2Z
Mar 23 11755.25 11861.25 11629.25 11667.25 - 76.00 11683.00s 04:00P Chart for @NQ3H Options for @NQ3H
@YM - E-MINI DOW JONES $5 - CBOT
Month Open High Low Last Change Close Time More
Dec 22 33791.00 33960.00 33478.00 33487.00 - 305.00 33498.00s 04:00P Chart for @YM2Z Options for @YM2Z
Mar 23 34037.00 34199.00 33723.00 33735.00 - 302.00 33741.00s 04:00P 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: 
 
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Daily Market Commentary
 
12/9/22

Corn up 2, Beans down 3, Wheat down 12
Crude Oil-71.60 up .13
US Dollar-104.82 up .05
Dow Jones-33,487.17 down 294.31

USDA’s crop production report was a yawner, as expected. Soybeans tried to rally a bit more, but ran out of steam and closed down slightly. US domestic ending stocks for corn came out up bit more than the trade expected which pushed them off their highs. Wheat slowly went down today as funds decided to pull their money right before the weekend.

Have a great weekend!

Brynna  
 

 
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