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 26, 2018, 03:34:59 PM 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 26, 2018, 03:34:59 PM CDT
Local Weather

Elkhart, Kansas (67950)

Current Conditions: Sunny
Temperature: 65°F Dew point: 38°F
Humidity: 37% Pressure: 30.05 in. Hg
Wind: 23 mph From: North

Forecast

Thursday

Hi: 63°
Lo: 40°
Friday

Hi: 70°
Lo: 43°
Saturday

Hi: 80°
Lo: 51°
Sunday

Hi: 79°
Lo: 54°
Monday

Hi: 82°
Lo: 51°

Zip Code:

© 2018 Freese-Notis Weather

National Newswire

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Commentary
Wheat -

Wheat futures are currently down 5 to 6 1/4 cents in the KC and CBT winter wheat contracts, with MPLS HRS fractionally lower. All wheat export sales

Ag Market Commentary -

Corn futures are steady to fractionally lower at midday. The USDA reported a private export sale of 107,600 MT of corn for 17/18 delivery to unknown

Cotton -

Cotton futures are trading 8 to 31 points in the green at midday. This morning’s SDA Export Sales report indicated that 311,973 RB of old crop

Soybeans -

Soybean futures are showing 1 to 2 1/2 cent gains on Thursday. Soy meal is up $2.60/ton, with front month soy oil 11 points higher. This

Lean Hogs -

Lean hog futures are mostly $1.10 to $1.50 lower on Thursday. The CME Lean Hog Index was up $1.44 from the previous day to $60.44 on April 24. The

Cattle -

Live cattle futures are mixed at midday, with nearby April up 52.5 cents and back months lower.  Feeder cattle futures are mostly lower on

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