Note To Investors:
The 2010 Annual Meeting was held on Thursday, June 24, 2010,
at the MMC School Gymnasium in Marcus.
A recap of voting results on the three proposals is as follows:
Outstanding shares total 33,018; total voted shares were 24,473.
Proposal #1 - passed with 20,221 "FOR"
Proposal #2 - passed with 21,002 "FOR"
Proposal #3 - passed with 21,097 "FOR"
Quote of the Day
"He has not learned the lesson of life who does not every day surmount a fear."
The spring wheat basis has been collapsing since early July due to a large carryover from the previous year and the outlook for a large new crop. Demand is predicted to increase only slightly with exports rising and domestic use falling. Basis levels look to weaken further during the harvest and beyond.
Wet weather and other factors have so far kept soybean and corn insect pests at bay. Bug experts stress growers should continue scouting, especially for corn rootworm and soybean aphid damage.
