Central Ohio Farmers Co-op would like to announce the purchase of the Bunge Elevator in Marion, Ohio. COFC's first day of operation will be Monday, September 15, 2014. Bunge will NOT be accepting grain the week of 9/8/14 in an effort to make a smooth transition. All open fall contracts currently with Bunge will transfer to Central Ohio Farmers Co-op. In regards to the Alliance Advantage program please contact the Bunge North America grain department at (800) 282-6708. If you have any other questions please contact the COFC grain department at (740) 382-8132 or click HERE for a short Q&A.
**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.
Analyst David Hightower thinks the next two months will be ugly for the corn and soybean markets, but he's a little more optimistic about six-month timeframe. He also stressed that the low in the corn market will come before the low in the bean market. He thinks demand will be stronger than people think.