Grain Discounts and Storage Programs
9/9/2020
Settlement Policy: All grain that is delivered will be placed on open storage unless contracted or sold. Every Thursday all grain on open storage that was received the previous week (Sunday – Saturday) will be placed on delayed price contracts. Delayed Price contracts will expire September 30, 2021. Allow 24 hours for a check to be written.
CORN DISCOUNTS:
MOSITURE:
SHRINK OF 1.5% PER POINT OVER 15.0%
DRYING OF 4 CENTS PER POINT OVER 15.0%
TEST WEIGHT:
-2 CENTS PER POUND 53.9# TO 52.0#
-3 CENTS PER POUND 51.9# TO 50.0#
-4 CENTS PER POUND 49.9# AND BELOW
BELOW SUBJECT TO REJECTION
DAMAGE:
-2 CENTS PER POINT FROM 5.1% TO 10%
-4 CENTS PER POINT 10.1% TO 20%
ABOVE SUBJECT TO REJECTION
FM:
-5 CENTS EACH 1% FROM 3.1% TO 10%
ABOVE SUBJECT TO REJECTION
HEAT, SOUR, MUSTY, BUGS:
-10 CENTS PER BUSHEL
AFLATOXIN:
MARKET SCALES AT DELIVERY
SOYBEAN DISCOUNTS:
MOISTURE:
1.5% SHRINK EACH ½ POINT 13.1% TO 15.0%
2.5% SHRINK EACH ½ POINT OVER 15.1%
ABOVE 15% SUBJECT TO REJECTION
TEST WEIGHT:
-1 CENTS PER POUND UNDER 54#
DAMAGE:
MARKET SCALES AT DELIVERY
FM:
OVER 1% WILL BE DEDUCTED FROM BUSHELS
HEAT, SOUR, MUSTY, BUGS:
-20 CENTS PER BUSHEL
ANY GRAIN THAT HAS BEEN TREATED WITH A SEED TREATMENT OR UNIDENTIFIED ODOR OR SUBSTANCE WILL BE REJECTED.
DELAYED PRICE:
CORN: 5 CENTS/BUSHEL PER MONTH WITH NO MINIMUM
SOYBEANS: 4.5 CENTS/BUSHEL PER MONTH WITH NO MINIMUM
WAREHOUSE RECEIPTS:
CORN WILL BE DISCOUNTED TO 14.0%
SOYBEANS WILL BE DISCOUNTED TO 13.0%
ALL GRAIN WILL BE PRICED AT LOCATION IT WAS DUMPED
ALL DISCOUNTS AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE
Program Summary – effective 9/9/20
CORN DISCOUNTS:
MOISTURE: SHRINK OF 1.5% PER POINT OVER 15.0%
DRYING OF 4 CENTS PER POINT OVER 15.0%
SOYBEAN DISCOUNTS:
MOISTURE: 1.5% SHRINK EACH ½ POINT 13.1% TO 15.0%
2.5% SHRINK EACH ½ POINT OVER 15.1%
OVER 15% SUBJECT TO REJECTION
DELAYED PRICE:
CORN 5 CENTS/BU PER MONTH– Expires September 30th, 2021
SOYBEANS 4.5 CENTS/BU PER MONTH – Expires September 30th, 2021
ALL GRAIN WILL BE PRICED AT LOCATION IT WAS DUMPED
ALL DISCOUNTS AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE
Settlement Policy: All grain that is delivered will be placed on open storage unless contracted or sold. Every Thursday all grain on open storage that was received the previous week (Sunday – Saturday) will be placed on delayed price contracts. Delayed Price contracts will expire September 30, 2021. Allow 24 hours for a check to be written.