| DUMMER'S GRAIN SERVICE |
|
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
|
HOURS MONDAY-FRIDAY 8AM-4PM SATURDAY-SUNDAY CLOSED
*To revieve text message bids and updates, text START to 1-608-291-4309* |
| DUMMER'S GRAIN SERVICE |
|
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
|
HOURS MONDAY-FRIDAY 8AM-4PM SATURDAY-SUNDAY CLOSED *To revieve text message bids and updates, text START to 1-608-291-4309* |
|
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.
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.
If there is no established contract, the cash price will be paid on the day the grain was delivered, also called spot pricing. The cash price is established at 1:30 PM upon market close.
|
 |
- Soybeans Post Gains, as Bean Oil Leads the Charge
- Soybeans rounded out the Tuesday session with contracts up 7 to 8 cents across the front months. The cmdtyView national average Cash Bean price was up 6 1/2 cents at $9.73 1/2. Soymeal futures were down a dime to 80 cents, with Soy Oil futures posting 59 to 93 point...
- Cattle Pulls Back, as Beef Tumbles
- Live cattle futures were weaker on Tuesday, with contracts down 80 cents to $1.15 across the front months. Much of this week’s early cash action has been compiling showlists. Last week was $240 across the country. Feeder cattle futures saw losses limited to just 20 to 80 cents in the...
- Hogs Ease Lower on Tuesday
- Lean hog futures closed out the Tuesday session with contracts 15 to 62 cents lower. USDA’s national base hog report from Tuesday afternoon was reported at $106.29, up 42 cents from the Monday PM report. The CME Lean Hog Index was unchanged on September 12 at $106.14. USDA’s FOB plant...
- Wheat Sees Rally on Tuesday with Weaker US Dollar
- The wheat complex posted higher trade across the three markets on Tuesday. CBT soft red wheat futures posted 9 cent gains across the nearby contracts on Tuesday. KC HRW futures rallied 9 to 10 cents in the front months. MPLS spring wheat futures were up 4 to 5 cents at...
- Cotton Rallies on Tuesday
- Cotton futures posted gains of 82 to 97 points across most nearby contracts at Tuesday’s close. The US dollar index was down $0.635 so far on the day to $96.265, with crude oil futures $1.22 higher. NASS reported the US cotton crop 50% with bolls opening as of Sunday, with...
- Corn Turns Back Higher on Tuesday
- Corn futures held up into the close on Turnaround Tuesday, posting gains of 5 to 6 ¼ cents across the front months. The CmdtyView national average Cash Corn price was up 6 1/4 cents at $3.85 ¼. Crop Progress data showed the US corn crop at 7% harvested, matching the...