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 THURSDAY 7/4/24 AND FRIDAY 7/5/24*


Cash Bids


Crop Progress

Market Snapshot
Quotes are delayed, as of July 18, 2024, 10:07:20 AM 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
Cattle Higher on Wednesday Despite Weaker Beef Action
Live cattle futures extended their gains into Wednesday, with contracts up 72 cents to $1.60. Some southern cattle traded at $187 to $188 on Wednesday, about steady with last week. Feeder cattle futures were mostly higher, with contracts up a tick to 75 cents, although front month August was down...
Wheat Extending Pop on Thursday Morning
Wheat prices are higher as we trade through the Thursday morning session. All three wheat exchanges were higher on Wednesday. Chicago futures were up 4 to 8 ½ cents per bushel. Kansas City contracts were 6 to 10 ¾ cents higher at the close. MPLS spring wheat futures were leading...
Hogs Bulls Look to Continue Bounce
Lean hogs rallied on Wednesday, with contracts 37 cents to $2.35 higher at the close. The USDA National Base Hog price was reported at $85.08 on Wednesday afternoon, a 3 cent increase from the day prior. The CME Lean Hog Index was $88.62 on July 15, up 20 cents from...
Cotton Slips Lower on Thursday Morning
Cotton prices are down 11 to 27 points as we head into the weekly Export Sales release. Futures were back to higher trade on Wednesday, with contracts up 8 to 75 points at the close. October traded at the highest price since July 3. The US dollar index was 529...
Corn Slipping Lower Ahead of Export Sales Release
Corn prices are down 1 to 2 ½ cents early on Thursday. Futures ended the Wednesday session with contracts ¾ to 3 cents higher. The higher Tuesday and Wednesday price action was still contained within Monday’s intraday range. EIA data from Wednesday morning showed near record high ethanol production in...
Soybeans Fading Lower on Thursday Morning
Soybeans are posting 2 to 6 cent lower trade on Thursday morning. They closed out Wednesday with front months up ½ to 6 ¾ cents and new crop November and other deferreds down 2 ¼ to 5 ¼ cents on the day. Soymeal futures were higher on Wednesday with contracts...

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