Discounts and Storage Programs


Grain Discounts and Storage Programs

3/10/22

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, 2022. Allow 24 hours for a check to be written.

CORN DISCOUNTS
MOSITURE:                     SHRINK OF 1.5% PER POINT OVER 15.0%
DRYING OF 5 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 will be free DP each location subject to available space – CONTRACT EXPIRATION 9/30/2022

SOYBEANS will be free DP each location subject to available space – CONTRACT EXPIRATION 9/30/2022

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

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