DUMMER'S GRAIN SERVICE |
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
HOURS MONDAY-FRIDAY 8AM-6PM SATURDAY 10/26 TBA SUNDAY 10/27 TBA
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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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- Soybeans Slipping on Tuesday Morning
- Soybeans are showing losses of 1 to 2 cents so far on Tuesday. They settled the Monday session with contracts up 2 ½ to 11 cents, led by the nearbys. Preliminary open interest showed net new buying across most contracts, up 13,560 contracts cross all but the November contract, which...
- Wheat Weakness Continues on Tuesday Morning
- Wheat futures are showing 4 to 5 cent losses across the three markets on Tuesday morning. The wheat complex fell back from their intraday highs on Monday to close mixed. Chicago SRW futures were fractionally mixed on the day. KC HRW contracts were fractionally to 1 3/4 cents higher on...
- Cotton Hovering Near Unchanged on Tuesday Morning
- Cotton prices are withing a few points of unchanged on Tuesday AM trade, as contracts are up 3 to down 2 .Futures closed out the Monday session with contracts up 28 to 121 points. The outside markets are mixed, with crude oil back up $1.26/barrel and the US dollar index...
- Corn Sticking Close to Unchanged to Start Tuesday Trade
- Corn prices are showing fractionally mixed trade so far on Tuesday AM. Futures closed out the Monday session with fractional to 4 ¾ cent gains following a slew of export sales announcements totaling 498,118 MT to unknown, Mexico, and South Korea. Preliminary open interest showed net new buying, up 20,956...
- Hogs Post Modest Strength on Monday
- Lean hog futures saw modest gains of 15 to 45 cents on Monday. The national average base hog price was reported at $75.22 on Monday afternoon, up $3.17 from the previous day. The CME Lean Hog Index was reported at $83.96 on October 17, up 12 cents from the day...
- Cattle Traders Look to Tuesday After Pressure on Monday
- Live cattle futures closed out the day with contracts down 30 to 62 cents across the board. There were no new deliveries on Monday for October cattle. Last week there were Southern cash sales of $188 and Northern sales of $188 live and $296 in the beef. Feeder cattle futures...