News For You

On March 23rd, 2018, President Trump signed into law the Omnibus Spending Bill, which included a revision to Section 199A. The revised Section 199A language provides a deduction at the cooperative level that can either be retained or passed through to patrons and a deduction for producers, except those farming as a C-corporation, that equals 20 percent. This producer level deduction could be reduced when farmers conduct qualifying business with a cooperative. In particular, this potential reduction is significantly impacted by the W2 wages paid by a farmer. Read the facts here:  SECTION 199A FACT SHEET 

 

 

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Cash Bids Quick Look - 10 Min delayed markets
Name Notes Cash Price Futures Change Basis
Elkhart

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Quotes retrieved on April 21, 2018, 02:24:25 AM CDT
QUOTE OF THE DAY

“If you learn to respond [to this day] as if it were the first day in your life and the very last day, then you will have spent this day very well.

David Steindl-Rast | 1929 - | Austrian Monk

 

 

 

 

 

 

What is a Co-op?

Cooperatives are owned and controlled by the people who use them. Cooperatives differ from other businesses because they are member owned and operate for the mutual benefit of members.

Market Snapshot
Quotes retrieved on April 21, 2018, 02:24:25 AM CDT
Local Weather

Elkhart, Kansas (67950)

Current Conditions: Partly Cloudy
Temperature: 44°F Dew point: 42°F
Humidity: 93% Pressure: 30.04 in. Hg
Wind: 20 mph From: East

Forecast

Saturday

Hi: 53°
Lo: 37°
Sunday

Hi: 64°
Lo: 40°
Monday

Hi: 72°
Lo: 43°
Tuesday

Hi: 59°
Lo: 37°
Wednesday

Hi: 65°
Lo: 41°

Zip Code:

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Commentary
Corn -

Corn futures closed the Friday session with 4 3/4 to 5 1/2 cent losses. Front month May was down 2.52% since last Friday. Friday’s CFTC

Wheat -

Wheat futures settled Friday with most contracts 12 to 14 cents lower. Nearby CBT lost 1.96% on the week, with KC down 2.62% and MPLS 2.76% lower.

Ag Market Commentary -

Corn futures closed the Friday session with 4 3/4 to 5 1/2 cent losses. Front month May was down 2.52% since last Friday. Friday’s CFTC

Cotton -

Cotton futures posted 101 to 250 point gains in most nearby contracts to end the week, as May was up 2.47% since last Friday. The large money

Soybeans -

Soybean futures ended the day with losses of 7 to 8 3/4 cents, as nearby May was 2.42% lower on the week. Board crush margins expanded. Soy meal was

Lean Hogs -

Lean hog futures were mostly 20 to 67.5 cents lower on Friday. The CME Lean Hog Index was up 92 cents from the previous day to $55.97. The USDA pork

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