WHAT CAN I FIND ON THE CUSTOMER ACCOUNT LOGIN TAB.
Need to know how many loads of grain you delivered? How many bushels remain on your contract? What my tickets and prices are on my settlement? Go to the Customer Account Login tab on the left side of our website. You will need to call one of the offices to obtain a user and password to access your account securely.
CORN TEST WEIGHT DISCOUNTS. Test weight discounts; the dry weather this late summer and fall could cause some corn varieties to have light test weight, let's hope not, but just in case here is a short explanation. Test weight is related to the amount of starch and oil in a kernal of corn. The less starch, the less feed value or ethanol value, plus the more kernals it takes to weigh 56 pounds which is what a bushel of corn weighs. We must discount for light test weight. please refer to the corn discount table behind the tabs on the left side of the home page on our website for our current test weight discounts.
WHAT IS DEFERRED ASSESMENT FEE? As per Wisconsin statutes 126.15 (6) This is a fee imposed by the State of Wisconsin for any grain which is not paid for when delivered.This includes price later contracts and deferred payment contracts. A price later contract does change ownership of the grain from producer to Buck Country Grain, therefore a fee is deducted from gross proceeds at the time of pricing. The calculation is gross dollar value x $0.0035
WHAT IS A HEDGE TO ARRIVE CONTRACT?
A contract in which the farmer initially sets a futures price with the basis to be fixed later; cash price is determined by prevailing basis at the time of pricing. Change of ownership occurs upon delivery of grain.
PRICE LATER OR DEFERRED PAYMENT CONTRACT: WHICH SHOULD I CHOOSE?
The main difference between the PLC and deferred payment contract is this:
Bushel amount: deferred payment a set amount of bushels is established, PLC you are able to adjust bushels after delivery
Price is established for the deferred payment at the time of contracting, PLC you have a set amount of time to price your bushels (this also involves a service fee)
WHAT IS BASIS?
Basis is the difference between the local cash price and the futures price of a commodity. The local cash price is quoted as being over or under the futures price.
BUCK COUNTRY/DUMMER'S GRAIN BOARD PRICE ----- CHICAGO BOARD OF TRADE BOARD
What is shrink on soybeans? Shrink is taken when you delivery soybeans that are over 13% moisture ( water weight) which is # 2 yellow soybeans. Here are some examples:
800 bushel load of soybeans at the following moisture levels.
13.5% moisture = 8 bushel shrink
14% moisture = 16 bushel shrink
14.5% moisture - 24 bushel shrink
15% moisture = 32 bushel shrink
Check Off was deducted from my check...what is it? Check off is a required deduction by the USDA - the funds are used to promote and do research on that particular commodity. Funds are used to improve market position of the covered commodity by expanding markets, increasing demand and developing new uses.
We offer online access to your account! You can view your settlements, scale tickets, and contracts! You can set this feature up by calling one of our offfices!
We wish everyone a safe harvest! Never hesitate to call us if you have any questions.
Price Later Contracts
PRICE LATER CONTRACT FALL 2013
CORN AND SOYBEANS FEE
Minimum Charge of .20 cents until Feb 28th 2014 then 5 cents per month. Final pricing by Dec. 31st ,2014
MINIMUM PRICE CONTRACTS FALL 2013
MINIMUM OF 5000 BUSHEL
Receive the minimum price (floor price) up front and can participate in any increase in the futures market for a predetermined amount of time.
(call option with defined time frame)
Advantage you have: The opportunity to receive more money for the same bushels if the prices moves higher within a designated amount of time.
Fee is determined by time value selected. Call for quotes.
Corn crop: 13.989 billion bushels
USDA puts the national average corn yield at
160.4 bu. per acre, the second highest on
record. USDA also cut 1.903 million from estimated
harvested acres, holding the crop
below 14 billion bushels. Still, the record crop
was enough to lift carryover to an estimated
1.887 billion bushels at the end of 2013-14. Bean crop: 3.258 billion bushels
USDA puts the national average soybean
yield at 43.0 bu. per acre. USDA also cut
690,000 from estimated harvested acres. Still,
the crop is about 33 million bu. bigger than
the average pre-report trade estimate. Big
increases in estimated soybean domestic use
and exports held 2013-14 soybean carryover
at 170 million bu., about 13 million bu. below
the average pre-report trade estimate