Up close image of wheat

Discounts and storage programs

Delayed price:           

Corn: .08/bushel per month, no minimum.
Expiration: 09/30/2026

Soybeans: .09/bushel per month, no minimum.
Expiration 09/30/2026

Grain Discounts and Storage Programs

09/01/2025

Settlement Policy: All grain that is delivered will be placed on open storage unless contracted or sold. Delayed Price contracts will expire September 30, 2026. Allow 24 hours for a check to be written.

Corn discounts

Moisture:
Shrink of 1.5% per point over 15.0%
Drying of 5 cents per point over 15.0%   

Luverne location moisture:
No shrink will be taken
Moisture discount of 1 cent per tenth point over 15.0%
Max moisture of 16.5%
Loads above 16.5% moisture subject to rejection    

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%
3.0% shrink each ½ point over 15.1% to 17.0%
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.

Warehouse Receipts:    
Corn will be discounted to 14.0%
Soybeans will be discounted to 13.0%

All grain will be priced at the location it was dumped.

All discounts and programs are subject to change without notice.

The Magnolia grain facility will be closed on Wed- Fri, Sept. 10-12 for maintenance.