Farm Service Elevator

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Contacts: Toll free 1-800-205-0902     Farm Service Operator 320-235-8870 At the Scale: 320-235-8889
Extensions: Stephen 5786, Brenda 5727, Gary 2871 Brenda's direct line 320-262-5727 Stephen's direct line 320-262-5786        Gary's direct line 320-235-8871 Bid recording 320-235-8878
Scale Hours Update: 6 AM until 5 PM Monday - Friday                                                      Closed Memorial Day 5-28-18 
May 25 Daily Closes
We are taking May contracts, Spot sales, Condo & Price Later.  We can write contracts for May 2018 thru November 2019   
After 31 years of grain merchandising for Farm Service Elevator, Gary Ascheman has decided to retire.
Please stop by Gary’s office at FSE for coffee and cookies to wish Gary well in his retirement!
Wednesday, May 30th 1-4 PM
Delivery Month Corn Price / Bu. Basis CME Close on 5/25/2018
May 2018 3.65 -.41 Jul 18 Month Futures Change + --
Jun 2018 3.61 -.45 Jul 18 Jul-18 4.0600 .0175
Jul 2018 3.60 -.46 Jul 18 Sep-18 4.1500 .0200
Aug 2018 3.59 -.56 Sep 18 Dec-18 4.2500 .0250
Sep 2018 3.59 -.56 Sep 18 Mar 19 4.3350 .0275
Oct 2018 3.61 -.64 Dec 18 May 19 4.3775 .0250
Nov 2018 3.61 -.64 Dec 18 Jul 19 4.4200 .0275
Dec 2018 3.67 -.58 Dec 18 Sep-19 4.1950 .0300
Jan  2019 3.71 -.63 Mar 19 Dec-19 4.2275 .0275
Feb 2019 3.71 -.63 Mar 19    
Mar 2019 3.72 -.62 Mar 19    
Apr 2019 3.76 -.62  May 19 Click the link below to see CBOT corn Futures. And then close page to come back to this site.
May 2019 3.75 -.63  May 19
Jun 2019 3.79 -.63 Jul 19
Jul 2019 3.79 -.63 Jul 19
Aug 2019 3.60 -.60 Sep 19
Sep 2019 3.60 -.60 Sep 19
Oct 2019 3.61 -.62 Dec 19
Nov 2019 3.61 -.62 Dec 19 CBOT Corn Futures "10 Minute Delay"
Grain Buying hours: other than spot sales all other purchasing is - Monday thru Friday from 8:30 AM to 1:15 PM.  We can take target offers from 1:15 PM to 5:00 PM to be put into the electronic session that starts trading again at 7:00 PM.
Drying Rates have been set: 4 cents per point of moisture. Calculated to the 1/10 of a point. Shrink will be @ 1.4% Storage rate for Price Later is 5 cents per month, prorated to a daily basis.
2017 Harvest Policy effective 9/27/17
Drying will be 4.0 cents per point and shrink will be 1.4% per point. "see Shrink /Drying tab for more details" Effective 9/12/17
Keep in mind that with quite a bit of old crop still on the farm and hopeful expectations of a big crop, Space will most likely be tight. I would encourage you to plan ahead and contact us soon to find out what the space availability options are. We do have space available for new contracts.
Scale Operations:          
Our card reading system started about 2 years ago and has worked great according to our scale operators and customers.
It's simple.
The card stays with the particular vehicle it was issued for.
The Display screen, intercom and ticket printer are located about 3/4 of the way down the scale so pull ahead to see the display screen.
When card is swiped, our computer looks back at the prior delivery and copies the same customer and disposition and displays that on the screen at the scale.
If you wish to change either the customer or disposition there is an intercom to talk to the scale operators.
Please scan "swipe" your card only ONE TIME unless instructed by the scale operator to do so again.
* Check the Display Screen for accuracy when you swipe your card* it's the drivers responsibility to make sure it's CORRECT
Wait for scale operators to instruct you where to unload……………………..
Please check your scale ticket for accuracy before you leave. Let the scale know if it needs to be changed!
Any Questions on how it works give us a call.
Grain Marketing Options  
Spot or Cash Sales - grain is sold at the scale at the time of delivery based on the market price at that time.
Forward Contracts - Allows you to lock in a price for future delivery. Monthly delivery periods extend out as far as Nov 2017.
Condo Storage - pre sold long term storage agreements. Contact us if you are interested in knowing more about availability and how it works.
Price Later Contracts - Deliver grain at your convenience. You may price the grain anytime at the posted bid. A service fee may apply. Cannot be under loan, cannot be applied to forward contracts.
Warehouse Receipts - Storage fees and added drying apply.
Target / Offer Contracts - Customer establishes a target price for a given delivery period and offer deadline. If the price hits the target your grain is contracted (sold)
Basis Fix Contracts - Select a delivery period and lock in the respective basis for that month. Final pricing is done by date of first delivery or First Notice day for the underlying future month.
HTA / Futures Fixed - Allows locking in a CBOT Futures Price leaving basis open. A service fee of .06 per Bu on 2017/18 crop year & .08/ Bu. on 2018/19 crop year. Delivery period must be specified.
Minimum Price Contract - A minimum price is established through the use of options. Option premiums plus a service fee of .05 per bu.
Defer Payment Contract - all corn sales can be deferred to Jan 1st of the next year. You must give us Advance notice.
To receive daily bid e-mails click here --->   Bid recording 320-235-8878
Updated 5/25/18 2:11 PM      
* All Bids are subject to change or corrections without notice.   ***All purchased Quantities are subject to daily plant usage.***
Over-runs on contracts and Condo Storage are spotted at that days close unless specified otherwise
Please make sure your tickets are correct before you leave. If not let the scale know immediately
Farm Service  Elevator Company has a Zero Tolerance Policy. The U.S. Food and Drug Administration and the U.S. Grain Standards Act allow ZERO TOLERANCE for treated seed occurring in grain.   FSE wants to remind you to thoroughly clean all equipment that comes in contact with treated seed. Be sure to check and recheck to make sure it’s clean. One kernel of treated seed, whether it is corn, soybeans, or wheat, can contaminate an entire bin and can cost Farm Service Elevator millions of dollars. If you are checked and have treated kernels, by law, you may have to pay for the grain quantity that was tainted.


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