Farm Service Elevator

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Farm Service Elevator Co

Farm Service Elevator Co.

Corn Discount Schedule  Effective 6/7/05

 

Moisture

Test Weight

Discount

Percent

Discount

Percent

Discount

 

 

Per Bushel

BCFM

Per bushel

Damage

Per Bushel

See

54.0 plus

0

under 5

0

under 5    Mill or Terminal

0

Drying

53.9-53.0

.02

5.1-6.0

.01

5.1-6.0         Mill or Terminal

.01

and

52.9-52.0

.04

6.1-7.0

.02

6.1-7.0        Mill or Terminal

.02

Shrink

51.9-51.0

.06

7.1-8.0

.03

7.1-8.0        Mill or Terminal

.04

Chart

50.9-50.0

.08

8.1-9.0

.04

8.1-9.0        Mill or Terminal

.06

 

49.9-49.0

.11

9.1-10.0

.05

9.1-10.0        Mill or Terminal

.08

 

48.9-48.0

.14

10.1-11.0

.06

10.1-11.0     Terminal only

.10

 

47.9-47.0

.18

11.1-12.0

.07

11.1-12.0      Terminal only

.12

 

46.9-46.0

.22

12.1-13.0

.08

12.1-13.0     Terminal only

.14

 

45.9-45.0

.26

13.1-14.0

.09

13.1-14.0      Terminal only

.16

 

44.9-44.0

.30

14.1-15.0

.10

14.1-15.0       Terminal only

.18

 

Under 44.0 TW is Subject

to rejection

Over 15% FM is Subject to rejection

Over 15% Damage is subject to rejection

 

 

Moisture

Corn moisture below 15.1 % is not averaged with loads 15.1% and above.

Damage

15% maximum, over 15% subject to rejection (could be bought as corn screenings upon approval of Gary and Customer)

Heat Damage

.2% allowed, over .2% subject to 2 cents each 1/10% thereof. 1% max, over 1 % subject to rejection

Heating, Musty, Buggy

Subject to rejection or 10 cent per bushel discount if unloaded.

Sour

Subject to rejection or 10 cent  per bushel discount if unloaded

Cofo

Commercially objectionable foreign odor, 10 cent discount or subject to rejection.

DLQ

Distinctly low quality, subject to rejection or  10-cent discount if unloaded.

Rodent Pellets

Subject to rejection. Discounted 10 cents per bushel per load affected if taken.

Other than broken corn

If it exceeds ½% , subject to 4 cent discount or rejection

Non uniformity

Loads that have not been blended uniformly are subject to rejection. Any loads that are spiked, plugged or layered will be subject to rejection.

 

 

Averaging

FM will be averaged per settlement, with the exception of loads that are Musty, Heating, Buggy, Sour, Cofo, DLQ, will not be averaged with other loads. If warehouse receipted, sample grade factors such as DKT, FM, TW will not average with other loads, and will be receipted separately. Regular and Heat Damage is not averaged and is discounted load by load.

 Test Wt. on loads over 50 Lbs / Bu will be averaged on settlements. Test Wt less than 50 #s will not be averaged.

 

 

Each load must show a disposition of one of the following: Priced Later, Contract, Spot Sale, Open Storage, Condo Storage, Store(warehouse receipt), Hold (allows 10 days from the delivery of the first load to decide disposition )

SUBJECT TO CHANGE AT ANY TIME

corn discount and grade schedule    6/7/05

 

 

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Last modified: January 18, 2006