Current 2008 Grain Programs
Farm Service Elevator Grain Marketing
Options
(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.
.
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
