| 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* |
| 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.
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.
If there is no established contract, the cash price will be paid on the day the grain was delivered, also called spot pricing. The cash price is established at 1:30 PM upon market close.
|
 |
- Hogs End Friday with Weakness
- Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 this week. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior. The CME Lean Hog Index was back up 11...
- Soybeans Post Friday Gains, Despite Larger US Stocks
- Soybeans posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents since last Friday. The cmdtyView national average Cash Bean price was up 13 cents at $9.70 1/4. Soymeal futures were up 60 cents to $1.50, with October up $7.10 on...
- Wheat Sneaks Out Gains Heading into the Weekend
- The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents this week. KC HRW futures were up 4 to 5 cents across the front months,...
- Cattle Fall Lower into the Weekend
- Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 this week. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures closed out Friday falling $4.82 to $7.25 lower in...
- Cotton Close Higher as USDA Leaves Balance Sheet with Minimal Changes
- Cotton futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures $0.25 higher. Weekly CFTC data indicated spec traders adding 2,536 contracts to...
- Corn Rallies on Friday Despite Increased Production Estimate
- Corn futures closed with strength on Friday, as contracts were up 10 to 11 cents in the front months. December managed to close with a 12 cent gain this week. The CmdtyView national average Cash Corn price as up 10 1/2 cents at $3.85 1/2. USDA’s monthly Crop Production report...