Discounts and Storage Programs

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 30^th, 2021
SOYBEANS 4.5 CENTS/BU PER MONTH – Expires September 30^th, 2021

ALL GRAIN WILL BE PRICED AT LOCATION IT WAS DUMPED
ALL DISCOUNTS AND PROGRAMS ARE SUBJECT TO CHANGE WITHOUT NOTICE