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, 01:03:14 PM 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
Wheat Falling into Midday Despite Solid Export Sales
The wheat complex is continuing the losing streak, with contracts down across the three exchanges. Chicago is down 9 to 12 cents across the front months. Kansas City contracts are 7 to 9 cents lower at midday. MPLS spring wheat are trading with losses of 3 to 4 cents on...
Cotton Collapsing on Friday
Cotton prices are trading lower on Friday’s midday, with nearby July a tick off the 300 point limit lower and other contracts 19 to 52 points in the red. Outside factors are piling on the pressure, with crude oil down 59 cents, as the US dollar index is up 208...
Corn Price Action Pulled Lower into Midday
Corn futures are fading off the attempted early morning strength, as contracts are down 2 to 3 cents at midday. July options expire today, with $4.40 a possible pin. Futures seem reluctant to take off to the upside, as the sentiment of ‘rain makes grain’ is on the mind of...
Cattle Pushing Higher Ahead of CoF Report, Feeders Slipping
Live cattle futures are strengthening up ahead of the June Cattle on Feed report, as contracts are up 37 cent to $1.30. Trade talk has been slow to develop this week, with a few bids of $184-185 in KS and $197 so far in NE. Friday’s Central Stockyards Fed Cattle...
Soybeans Leading with Strength on Friday
Soybeans are trying to put on some stronger trade action heading into the weekend, as contracts are up 5 to 9 points. Soymeal futures are up $6.00/ton, with Soy Oil futures up 14 points in the front month. July options expire today, with a possible pin around $11.60. Export Sales...
Hogs Bouncing into the Weekend
Lean hog futures are reversing Thursday’s course, with gains of 17 to 60 cents in the nearbys on Friday. The USDA National Base Hog price reported at $86.46 on Friday morning, down 81 cents from the previous day. The CME Lean Hog Index was back down 17 cents at $90.55...

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