Hours
DUMMER'S GRAIN SERVICE

N6673 CO RD XX, HOLMEN WI 54636

608-526-9277

HOURS

MONDAY-FRIDAY 8AM - 4PM 

SATURDAY-SUNDAY CLOSED

 


Cash Bids
Name Notes Basis Cash Price Futures Change
Dummer's Grain        
Quotes are delayed, as of December 01, 2022, 08:18:54 AM CST or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.

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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.

Averager (APC) This contract allows you to price your grain over an extended period of time. Pricing is done once per week for a predetermined amount of week. You can opt. out of this contract during the averaging period and a three-cent fee will be assessed.

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


National Newswire


Crop Progress

Market Snapshot
Quotes are delayed, as of December 01, 2022, 08:18:54 AM CST or prior.

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Local Weather
Holmen, Wisconsin (54636)

Current Conditions Few Clouds
Temperature 16°F
Dew Point 9°F
Pressure 30.35 in. Hg
Humidity 73%
Wind 7 mph
From East


Forecast


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Commentary
Morning Cotton Follow Through
Cotton futures are flirting with triple digit gains so far this morning. December is in the delivery process (5 contracts thus far), with no daily limit. The contract traded 445 points higher on Wednesday. The other months stopped at their 4 cent allotted limit through May ’23 with July up...
Midweek Bounce Limits Week’s Weakness
Lean hog futures recovered 40 cents to $1.82 across the front month contracts on Wednesday. That still leaves Feb with a net $3.15 draw down for the week to date. The USDA National Average Base Hog Price for Wednesday was $2.15 higher at $86.06. The 11/28 CME Lean Hog Index...
Cattle Break Even to In The Black for the Week
Front month feeder cattle futures rallied 0.96% to 1.4% on the day, leaving the Jan contract at a net $2.17 gain for the week thus far. Live cattle also traded higher, gaining 27 to 87 cents on the day. Feb fats sit with a 55 cent gain for the week...
Dec Wheats Firm to Red Traded Deferreds
Morning wheat quotes have Dec UNCH to double digits higher depending on the class, while the other nearby contracts are 4-8 cents in the red across the classes. Month end position squaring allowed wheat prices to rebound on Wednesday with double digit gains in the winter wheat contracts. December spring...
Tight Overnight Pushes Corn’s Downside
Corn was mostly one directional overnight, though the low was limited to a nickel (Mar). Currently the board is still a penny to 1 3/4 cents weaker in the front months. Corn prices stayed in an 8 1/4 cent range on Wednesday, ending with 2 1/2 to 5 cent losses...
Sharp Pullback In Soy Oil
Soybeans are down by double digits so far, as soybean oil futures plummet +3 cents/lb in the front months. Bean prices were off their highs at the close on Wednesday, but still higher by 3 to 10 cents in the front months. Preliminary open interest data showed net new buying,...

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