| 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 Monday Gains
- Soybeans rallied off some early Monday steady trade, to close out the session 6 to 7 ¼ cents higher. There were another 76 deliveries reported overnight. The cmdtyView national average Cash Bean price is up 7 cents at $9.56 3/4. Soymeal futures were $1.00 to $4.20 higher in the front...
- Corn Closes Monday with Green on the Screen
- Corn futures battled back from early Monday losses, as contracts closed with gains of 4 to 4 cents at the final bell. The CmdtyView national average Cash Corn price was up 4 at $3.77. After the close, NASS reported that 74% of the US corn crop was dented, with 25%...
- Hog Bulls Slip-Up with Mixed Monday
- Lean hog futures were mixed to close out Monday, with contracts down 87 to 30 cents higher. USDA’s national base hog report from Monday afternoon saw sales up $2.58 from the day prior at $103.83. The CME Lean Hog Index was back down a nickel on September 4 at $105.92....
- Wheat Rallies on Monday, Double Digits in Some Cases
- The wheat complex saw strength on Monday, with the hard red contracts pushing higher. CBT soft red wheat futures were 4 to 5 cents in the green. KC HRW futures were 10 to 12 cents higher across the nearbys. There were 14 deliveries issued on Friday night. MPLS spring wheat...
- Cotton Posts Gains, as USDA Reports Improved Conditions After the Close
- Cotton futures closed the Monday session with gains of 18 points across the front months. The outside markets were supportive factors, as the US dollar index was down $0.313 on the day to $97.415 and crude oil futures $0.57 higher. Crop Progress data showed a total of 97% of the...
- Cattle Push Higher on Monday
- Live cattle futures posted mixed trade, with October down 17 cents, and other contracts up 12 o 60 cents on Monday. Cash activity has yet to show much beyond compiling showlists this week. Last week saw sales of $242-243, steady to $1 higher in the South and $2-3 weaker in...