10/30/25- BE/HE/CO/SL 4-cent DP available for Corn and Beans.
Ray-Carroll Updated Contact Information:
We have updated our communications network and some toll-free numbers have been retired. The same teams are here to serve you at all locations, but dial these numbers for fastest service:
GRAIN STORAGE & DRYING: - Qualified: 7% of $ paid -Non-Qualified: 0% -Total: 7% of $ paid
INPUTS & SERVICES: - Qualified: 7% of cost -Non-Qualified: 0% -Total: 7% 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 2015 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 2023 crop
You will receive a check in December for $8,500 (50% of Qualified), and you will pay taxes on $17,000 this year.
The remaining $8,500 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 $3,300 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 $20,300 out within a ten year window barring several years of floods/droughts.
$750/ton NH3 would be $52.50/ton patronage. $26.25/ton paid in cash & $26.25/ton retained.
Pays on every acre-$100 seed, $65 ammonia, $75 P&K, $70 chemical = $310 in inputs/ acre pays back $21.70/acre in total patronage.
1/9/26 Corn down 1, Beans up 1, Wheat down 1 Crude Oil-59.35 up 1.59 US Dollar-99.13 up .19 Dow Jones-49,509.06 up 242.95
Today’s price movement was entirely driven by speculators readying their positions for the USDA data dump on Monday. There is a lot of uncertainty around this report.
Corn: Expecting a 2bpa yield reduction, in turn cutting production. Feels like corn yield will be the key driver, although the reality of a record crop will still be prevalent despite a decrease in yield/production. Corn demand is stellar and there are piles across the belt that need to move. Will we break out of this rangebound trade; if so, higher or lower?
Beans: Some analyst expect to see a 50 mln bu increase in ending stocks. China should fill their purchases by the end of February, as expected. The big question is if China will come back to our market in March? Brazil will be in gut slot harvest with bushels globally available, likely at a discount to US beans. South America is expecting a record crop this year with conditions looking excellent.
Wheat: Winter wheat acres are expected to be 32.4 mln compared to last year’s 33.2 mln. Prices have taken a hit with little global demand. Recently there has been a little concern of winterkill for Black Sea acres.
