Hours
DUMMER'S GRAIN SERVICE

N6673 CO RD XX, HOLMEN WI 54636

608-526-9277

HOURS  

MONDAY-FRIDAY 8AM-4PM 

SATURDAY-SUNDAY CLOSED 

*WE WILL BE CLOSED MONDAY 5/27/24*  


Cash Bids


Crop Progress

Market Snapshot
Quotes are delayed, as of May 24, 2024, 01:42:30 PM CDT 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
Soybeans Being Pushed Higher by Meal Ahead of Long Weekend
Soybeans are trading 2 to 7 cents higher on Friday’s midday, as we get set to kick off a 3-day weekend. Soymeal is a main reason for the strength, as front months are up $6.20 to $8 at midday. Soy Oil is weaker as we ready to round out the...
Wheat Gaining Strength on Friday
The wheat complex is trading with mixed on Friday, as soft red contracts are lower and hard red contracts are higher. Chicago contracts are fractionally lower in the front month, with some back months higher. Kansas City futures are up 2 to 8 ¼ cents at midday. MPLS spring wheat...
Cattle Mixed Ahead of CoF Release
Live cattle are trading with contracts steady to 60 cents higher at midday. Cash trade is beginning to pick up, with a few trades of $187 in the south and USDA showing some light $192 in KS. Trade in the north is mainly $192, with some coming in at $193.50....
Corn Holding Fractional Gains on Friday
Corn futures are trading higher on Friday, with fractional to 1 cent gains so far at midday. Today will be the last trade session before a 3-day weekend, with the markets closed for Memorial Day on Monday. Total US corn export sale commitments are now at 90% of the USDA...
Hogs Firming at Midday
Lean hogs are trading firmer on Friday, as nearby contracts are within a nickel of unch. USDA’s National Average Base Hog negotiated price was reported at $86.88 in the Friday AM report. The CME Lean Hog Index was down another 5 cents on May 22 at $91.77. USDA’s National Pork...
Cotton Slipping Lower on Friday
Cotton prices are down 55 to 140 points on Friday’s midday. Cotton limits are back to 400 points, with the July contract back in the 80 cent level. The outside market factors are supportive this go ‘round, with crude oil 83 cents lower and the US dollar index 421 points...

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