DUMMER'S GRAIN SERVICE |
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
HOURS MONDAY-FRIDAY 8AM-4PM SATURDAY-SUNDAY CLOSED *To revieve text message bids and updates, text START to 1-608-291-4309* |
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. 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.
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- Wheat Closes Mixed on Thursday
- Wheat futures took back most of the overnight weakness, with contracts closing mixed across the three exchanges. Chicago SRW futures were down 2 to 4 cents to close out the day. Kansas City HRW contracts were fractionally to 2 cents in the green on the day. MPLS spring wheat posted...
- Hogs Leak Lower on Thursday
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- Soybeans Close with Losses on Tariff Risks
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- Cattle Falls on Thursday
- Live cattle futures posted losses on the Thursday session with contracts down $2.32 to $2.75. Cash action has been slow this week with bids across the country of $208 in the South and $212 in the North. Light sales of $335-345 were reported in the North. This morning’s Fed Cattle...
- Corn Closes With Mixed Action on Thursdays
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- Cotton Closes with Limit Losses on Thursday
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