All branches will be CLOSED on August 1, 2014 for our Employee Appreciation Day
**Directed by the ODA as a result of the passage of Senate Bill 66, "Changes to Ag Commodities Warehouse Law", Central Ohio Farmers Co-op will begin collecting 1/2 cent per bushel on grain delivered on and after April 1, 2014 for the Agricultural Commodity Depositors Fund. This will be collected on corn, soybeans, and wheat. The collection will be in effect until the ODA issues a notice to stop collecting.**
**Certified by the ODA, the Ohio Corn Marketing Program (OCMP) referendum to increase the checkoff fee, passed. Central Ohio Farmers Co-op will begin collecting 3/4 cent per bushel on corn delivered on and after July 1, 2014 for the state's OCMP.**
If you have any questions please feel free to contact the grain department at (740) 382-8132.
Monday 7/21 Same story different day. Market continues to drop on ideal conditions. If there is any good news, it's that commercial buying has been increasing at these levels which indicates that end-user's see value. Crop conditions unchanged from last week on both corn and beans.
The soybean market is still reeling from USDA's July 11 supply and demand report where soybean ending stocks for 2013-2014 were increased to 140 mb, due to a reduction of residual use to a minus 69 million bushels. Maybe you are asking yourself: How can a demand category can possibly be negative?