Farm Service Elevator

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Current 2008 Grain Programs
Farm Service Elevator Grain Marketing Option
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(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)

·       Contracted

·       Price Later (DP / NPE)

·       Open Storage

·       Warehouse Receipts

·       Condo Storage (This is only available to those customers who have a 10 year lease)

This program is currently not available:

·      Hold

Program explanations:

Price Later Contract (Deferred Pricing (DP) / NPE)  .04 cents / Month .  Shrunk and Dried to 14% moisture. Pricing is done between 9:30 a.m. and 1:00 p.m. at our SPOT board price. All Price Later contracts must be priced by Sept 30th ,2008.

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 October 2010.

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.

 

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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

 

 

 

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Last modified: January 18, 2006