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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- Corn Losses Extend to Wednesday’s Close
- Corn futures settled Wednesday with losses of 6 to 7 ¼ cents across most contracts to extend to new contract lows for several front months. Lack of a threatening forecast moving into July is putting pressure on the market. The front month CmdtyView national average Cash Corn price was down...
- Wheat Losses Extend to Wednesday
- The wheat market faded lower on the Wednesday session, with contracts down across the three exchanges. Chicago SRW wheat was 7 to 8 cents lower on the day. KC HRW contracts closed with 10 to 11 cent losses. MPLS spring wheat was down 13 to 14 cents. Export Sales data...
- Cattle Close Mixed, as Beef Stocks Tighten
- Live cattle futures posted steady trade to 60 cent losses on Wednesday. Cash trade has yet to get kicked off this week, with very light action at $233. No sales were reported in the Wednesday Fed Cattle Exchange online auction from Central Stockyards, with 1,652 head listed. Bids were $221-225....
- Cotton Closes Higher on Wednesday
- Cotton futures closed Wednesday with gains of 43 to 53 points across most contracts on Wednesday. Support came via some outside factors. Crude oil was back up 56 cents/barrel, with the US dollar index down $0.165. Traders are looking for cotton acreage to total 10 million acres in Monday’s June...
- Soybeans Fall Deeper into Wednesday’s Final Bell
- The soybean market continued to feel pressure all the way to Wednesday’s close, with contracts 18 to 21 ½ cents on the day. The cmdtyView national average Cash Bean price was down 21 cents at $9.79 1/4. Soymeal futures were $2.80 to 4.80/ton lower. Soy Oil was down 22 to...
- Hogs Close with Gains, as Pork Stocks Shrink to 21-Year Low
- Lean hog futures were up 20 to 60 cents on Wednesday. USDA’s national base hog price was reported at $110.51 on Wednesday afternoon, down 98 cents from the day prior. The CME Lean Hog Index was up 89 cents at $110.44 on June 23. Ahead of the Thursday Hogs &...