Current 2011 Fall Harvest Grain Programs
Farm Service Elevator
Grain Marketing Options Effective 10/20/11
(Subject to Change at any time without notice)
Our current programs are listed below. These are the
depositions that drivers are able to use at the scale at the time of delivery.
At this time the options are as follows:
· Spot sales
(Sold)
· Contract
· Price
Later (DP/NPE)
· Condo
Storage (This is only available to those customers who have a 10 year lease)
Program explanations:
Spot Sale (cash sale)-Selling at time of
delivery.
Deferred Delivery Contract: (Contract for future delivery of grain)-MOST POPULAR. This is the most widely used
marketing tool for forward pricing. Producer requests bushels and delivery
time, price is our board price for the delivery period specified. We are
writing contracts from now out to Nov 2012.
Price Later: The Price Later program is 3 cents per bu. per
month. Pricing is done during normal
CBOT day trading hours of 9:30 AM to 1:15 PM. The price is the spot price at
the time of pricing. Price Later corn may not be applied to a forward contract.
Must be priced by 6/30/12. Space could
be limited so reserve your space soon.
Condo Storage Lease: (for those customer who have leased storage)
The purchase price when sold is agreed to be buyer’s cash
bid price (spot), less charges at the time Seller gives notice to buyer to set
the price. Pricing must be done during CBOT trading hours.
Target Offers: Allows you, the producer to call us
and set a target price and delivery period on the number of bushels you
specify. At that point, we watch the grain markets for you until the date that
you have set for the offer to expire. If our bid meets the price you set prior
to the expiration date a Deferred Delivery contract is written.
Please call Gary
at 1-800-205-0902 or 320-235-8888 Ext 2871, or direct @ 320-235-8871 if you
have any questions.
All quantities purchased are subject to daily plant usage
