Hours
DUMMER'S GRAIN SERVICE

N6673 CO RD XX, HOLMEN WI 54636

608-526-9277

HOURS  

MONDAY-FRIDAY 8AM-4PM 

SATURDAY 11/9 TBA

SUNDAY 11/10 TBA

  


Cash Bids


Crop Progress

Market Snapshot
Quotes are delayed, as of November 06, 2024, 05:20:45 PM CST or prior.

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Contracts

Contract Options

Target Price Offers (TPO) This is an offer to sell your grain or buy grain from us at a firm price and designated delivery period. This offer is flexible and may be canceled prior to pricing. This contract takes the emotion out of pricing decisions and allows you to make market decisions in a business manner. There is no fee for this service.

Purchase Contract (PC) This contract is the basic contract for the purchase of grain. The farmer has a quantity of grain on hand and wishes to set a definite price and time period of delivery. There is no fee for this service.

Navigator Contract (NC) This contract allows you to sell your grain and still stay in the market by re-establishing futures price, then pricing out your futures at a later time. The resulting gain or loss in the futures market is your gain or loss. 3-cent fee for this contract. Paid 50% at time of delivery.

Deferred Payment (DP) This contract is similar to a Purchase Contract. There is a set bushel amount, price, and delivery period. The only difference is the contract will be paid out at a later date, often times after the first of the year.

Minimum Price Contract (MPC) This contract is one of the safest opportunities for a farmer to participate in the market movement to increase the price he (she) receives for the grain. The benefits are, all costs are defined, the producer receives a floor price (minimum) up front and can participate in any market rally with a defined risk (premium). In comparison to storage, shrink and handling costs, the premium cost might be a better value. This contract changes the ownership of the grain from farmer to elevator upon delivery of grain. Paid 100% at time of delivery.

Price Later Contracts (PLC) This contact allows a high degree of price flexibility for an extended period of time. A service fee is charged. Payment is not made until the price is fixed. This contract changes the ownership of grain from farmer to elevator upon delivery. Advantages are you can deliver corn when you choose during a designated delivery time and price at a later time. You are able to do a forward priced purchase contract on these bushels and pick up the added profit that the market offers.

Sales Contracts (SC) This is a firm offer to buy a predetermined price and for a predetermined delivery time and established number of bushels of grain. This contract can be written as a forward sales contract. There is no fee for this service.

Basis Contracts (BC) This contract allows you to lock in the basis but not the futures price. This contract changes ownership of the grain from farmer to elevator upon delivery. There is no fee for this service.

Hedge to Arrive (HTA) This contract allows you to lock in the futures price but not the basis. There is a 2-cent fee for this service. Basis must be set prior to delivery. One roll is allowed for a 2-cent fee.

If there is no established contract, the cash price will be paid on the day the grain was delivered.

The cash price is established at 1:30 PM upon market close.



Click here to learn more about our Price Later Programs:
https://www.youtube.com/watch?v=NoTGOrOJXdg


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Commentary
Wheat Rounds out Wednesday Mostly Weaker
Wheat closed out the Wednesday session with most contracts lower, as the CBT market was firmer. The rallying US dollar index put some pressure on the market. Chicago SRW futures were within a ¾ cent of unchanged on the day. KC HRW contracts were down 2 1/2 to 3 3/4...
Cotton Fades Lower on Wednesday
Cottonfutures faced outside pressure on Wednesday, as contracts were down 5 to 26 points. The outside markets were pressure factors, with crude oil steady down 9 cents/barrel and the US dollar index rallying 1,731 points to 105.055. The Seam reported 1,661 bales of online sales on November 5 at an...
Soybeans Rally From Post-Election Lows to Close Slightly Mixed
Soybeans faded off the overnight double digit losses to close Wednesday with contracts down 4 cents to up 2 cents. Futures were ignoring potential Trade War fears from a Trump presidency to close out the day. CmdtyView’s national front month Cash Bean price was up 2 ¾ cents at $9.47...
Cattle Rally to Close Out Wednesday
Live cattle futures ended the Wednesday session with contracts up 62 cents to $1.35. Cash trade has yet to get kicked off this week. This morning’s Central Stockyards Fed Cattle Exchange showed no sales on the 3,044 head offered and bids ranging from $185-187. Feeder cattle futures were $1.15 to...
Corn Rallies to Close Wednesday, with Robust Ethanol Output
Despite the early session losses in the corn market, futures ended the day with contracts up 2 to 7 ¾ cents. The US dollar index was up 1.731 to 105.055 following the outcome of the Presidential election that saw President Trump elected again to the White House. The national average...
Hogs Get a Bounce on Wednesday
The hog market posted steady action to gains of $1 to close out Wednesday. The national average base hog price was reported at $82.72 on Wednesday afternoon, a drop of 65 cents from the previous day. The CME Lean Hog Index was reported at $89.79 on November 4, up 41...

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