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 FRIDAY 3/29/2024*
|
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.
|
- Mixed Close for Report Day Soybeans
- Old crop beans ended the day with 1 to 1 ¼ cent losses, while the new crop contracts finished as much as 8 ¼ cents in the black. The May soybean contract finished the week with the same 1c loss, but was still up 50 cents through the month of...
- Wheat Followed Corn’s Rally on Thursday
- Despite neutral to bear-friendly NASS data, wheat futures rallied into the 3-day Holiday weekend. The spring wheat futures faded on the higher acreage to close 3 ½ to 6 cents in the red. Chicago prices were 8 cents off their highs for the close, but still 8 ¾ to 12...
- Cattle Firm Up into the Weekend
- Thursday’s cattle trade pushed futures back up by $1.40 to $1.57. For the June contract that ended the week a net $2.65 lower after bouncing off the Bollinger midline. June fats were a net 97c weaker through the month of March, after a wide monthly range from -$4.80 to +$5.40....
- Corn Rallied into 3-Day Weekend with NASS Data
- Thursday’s trading session left the corn market ~6c off the day’s highs, but still 13 to 16 cents in the black. Old crop May ended the week with a 2 ¾ cent gain and finished the last trade day of March with a 12c gain for the monthly. The new...
- Hogs Closed Off Highs but still Stronger for NASS Report
- Nearby lean hog futures were up by as much as $1.25 for the day’s high, but prices ended the day mixed / mostly higher. June was down by 15c for Thursday which finished the week’s move on a net $1.75 gain and put the monthly gain at $1.25. June traded...
- Cotton Gains into the Holiday Weekend
- May cotton futures kept to a mostly tight range from -26 to +120 points, and finished the day with a 61 point gain. The lead month finished the week with a net 15 point loss, and closed the month of March a net 8.2 cents/lb in the red after setting...