2011 April Grainery - Ludlow Co

CAN YOU IMAGINE SEMIS AND 700 BUSHEL
WAGONS? REX PHILLIPS, A LUDLOW
EMPLOYEE, IS ABOUT THE ONLY ONE LEFT IN THE
COMPANY THAT COULD ASSURE YOU THAT
THEY WOULD NOT FIT. THIS IS A PICTURE OF THE
OLD NORTH WOOD HOUSE IN RANTOUL
“Farming looks mighty easy when your plow is
a pencil, and you’re a thousand miles from the
corn field” - President Dwight D. Eisenhower
LUDLOW COOP GRAIN BIDS ARE NOW “ACTIVE” ON OUR
WEBSITE. GO TO SEE ALL DAILY BIDS It works off a several minute delayed “composite” of the
electronic trading.
3rd PREFERRED
STOCK CLASS
At last year’s annual meeting, the Ludlow
Coop stockholders approved a new class
of stock. This will be an investment
class of stock and will be non-voting. The
Board of Directors and legal council are
currently finalizing the details on
offering the first series of this stock.
It will pay a very attractive dividend
when compared to current interest
rates. We plan on having the details and
a prospectus available for your review
by late June or early July.
LUDLOW COOP
ANNUAL SHAREHOLDER MEETING
DATE:
WEDNESDAY, AUGUST 17, 2011
AT THE PAXTON BUCKLEY LODA
HIGH SCHOOL
All bids are subject to confirmation and change. Customers are
reminded to communicate sales either
directly or via telephone.
CORN DAMAGE DISCOUNT SCHEDULE HAS
BEEN CHANGED, EFFECTIVE ON
DELIVERIES BEGINNING MAY 2, 2011
The increase is to 4 cents a point over
5.0% damage, this is changed from the 2
cents a point over 5.0%.
ludlowcoop.com
LUDLOW COOP FACILITIES & CBOT
WILL BE CLOSED
FRIDAY, APRIL 22
IN OBSERVANCE OF GOOD FRIDAY!
PATRON GRAIN STATEMENTS
Enclosed with this brochure is your patron grain
The information on
this statement pertains to
your grain account as of
2:00 p.m. APRIL 11, 2011.
statement.
We are sending this information to you in order for
you to double check your records to ours. The statement details your grain that is on open storage/
delayed pricing/hold etc. Also included on the statement are the open contracts of grain you have sold
through Ludlow Coop for future deliveries or to be
applied to your bushels that are in the elevator already. The dates are shown by month and year for
the delivery period of the contract in which the grain
was sold. For example, if you have sold grain for
2011 harvest delivery the dates are shown as
10/1/11-11/30/11.
GRAIN IN THE ELEVATOR AND OPEN CONTRACTS. When you look at your grain statements
the bushels in storage or on delayed pricing are
NOT reduced by any existing contracts for future
delivery periods. We cannot apply grain sold for a
future delivery period until the 1st day of that delivery
period. For example, if you put 10,000.00 bushels in
Delayed Pricing this past harvest and have 5,000.00
bu sold for July 2011 your statement as of today will
show 10,000.00 bushels storage and an open
5,000.00 bushel July 2011 contract.
We are asking that patrons please look over the
statements and if you find any errors please contact
our Buckley/Ludlow/Danforth/Piper City offices immediately! Please do not wait until a later date.
Thank you for your assistance,
Office Staff
US PLANTING INTENTIONS -
in million acres
USDA
MARCH 31 REPORT
FINAL USDA
2010 PLANTED ACRES
CORN
92.178
88.192
SOYBEANS
76.609
77.404
ALL WHEAT
58.021
53.603
US 2010 - 2011 GRAIN CARRYOUT -
in billion bushels
4/8/11
Number
Average
Estimate
Range of
Guesses
USDA March
2011
Final USDA
2009 - 2010
Carryout
CORN
0.675
0.595
0.560 - 0.660
0.675
1.708
SOYBEANS
0.140
0.137
0.121 - 0.150
0.140
0.151
ALL WHEAT
0.839
0.861
0.835 - 0.893
0.843
0.976
USDA WORLD GRAIN CARRYOUT -
in million metric tons
2010-2011
CROP YEAR
2009-2010
CROP YEAR
April 2011
Estimate
March 2011
Estimate
April 2011
Estimate
March 2011
Estimate
CORN
122.43
123.14
145.80
144.54
SOYBEANS
60.94
58.33
58.88
59.00
ALL WHEAT
182.83
181.90
197.91
197.32