12/14/21 December 15th is the last day to report wheat for crop insurance.
11/04/21 Your Board of Directors has set the following patronage allocations for the fiscal year ended 8/31/21:
QualifiedNon-QualifiedTotal Grain 13.6 cents/bu 5.44 cents/bu 19.04 cents/bu Grain Storage & Drying 10% of $ paid 0% 10% of $ paid Merchandise and Services 10% of cost 0% 10% of cost
Checks mailed in December represent 40% 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 2011 and plan to stay within a ten year window.
1/19/22 Corn up 11, Beans up 30, Wheat up 27 Crude Oil- 86.61 up 1.18 US Dollar- 95.51 down .22 Dow Jones- 35234.38 down 134.09
Today was a very good day for grains with everything gapping higher and closing near daily highs as well. Corn and beans rallied today on rumors of Chinese purchases for both commodities and a dry forecast for Brazil. Wheat rallied today on growing tensions between Russia and Ukraine and money moving from the stock market into commodities. Zach