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


Crop Progress

Market Snapshot
Quotes are delayed, as of June 21, 2024, 11:18:15 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
Soybeans Ticking Higher Heading into Weekend
Soybeans are posting 3 to 7 cent higher trade on Friday morning. They came out of the Juneteenth holiday in bear mode, with contracts down 4 to 18 ¾ cents at the Thursday close. Soymeal futures were steady in some of the back months to $7/ton lower for July. Soy...
Cotton Mixed on Friday Morning
Cotton prices are showing mixed action this morning, with front months down 12 to 50 points and new crop up 6 to 11. Futures reverted to weakness during the day session, despite earlier overnight gains. Contracts were down 7 to 74 points on the day. Outside factors are offsetting, with...
Corn Trying to Claw Back Higher on Friday Morning
Corn prices are trading with 1 to 2 cent gains, as the market rounds out the week. Futures collapsed into the Thursday close, as contracts were down 4 ¼ to 11 cents on the day despite a solid round of EIA corn use data. July options expire on Friday, with...
Cattle Look to Trade Ahead of CoF Report
Live cattle futures posted mixed trade on Thursday with front months 40 to 45 cents higher and other contracts 5 to 50 cents lower. Trade talk has regionals and majors bidding $310-312 in the north, with asking prices $315 or higher and up to $200 live. Thursday’s Central Stockyards Fed...
Hogs Resume Retreat on Thursday
Lean hog futures gapped lower out of the holiday, as contracts were down $1.47 to $2.62 at midday and settled $2 to $2.62 lower in the first three delivery months. The CME Lean Hog Index was up 13 cents at $90.72 on June 18. Typical seasonal strength has been muted...
Wheat Trying to Recover on Friday
The wheat complex is trading with slight gains after a week of losses to start your Friday morning. They closed with losses across the three markets on Thursday. Chicago saw losses of 9 ¼ to 14 ¼ cents across the board. Kansas City contracts were down 7 to 13 ¼...

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