Hours
DUMMER'S GRAIN SERVICE

N6673 CO RD XX, HOLMEN WI 54636

608-526-9277

HOURS  

MONDAY-FRIDAY 8AM-4PM 

SATURDAY 11/2 10AM-4PM

SUNDAY 11/3 CLOSED

  


Cash Bids


Crop Progress

Market Snapshot
Quotes are delayed, as of November 03, 2024, 04:34:28 PM CST 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
Cattle Mixed on Friday, as Feeder Turn to Strength
Live cattle futures closed out the Friday session with contracts anywhere from 37 cents lower in nearby Dec to 35 cents higher for April. Dec saw a $3.22 drop since last Friday. Cash action saw trade this week anywhere from $189-190. Feeder cattle futures shrugged off early losses and settled...
Wheat Starts November with Weakness
The wheat complex posted losses across the three exchanges on Friday. Chicago SRW futures saw fractional to 2 ½ cent losses on the day, as December closed out the week down a penny. KC HRW contracts were 1 to 2 ¾ cents lower across the board, with December slipping 5...
Soybeans Fail to Hold Gains Following Export Business amid Meal Pressure
Soybeans settled the Friday session with contracts steady to 1 ½ cents in the red, despite early strength and export business. January managed a 3 ¾ cent loss on the week. CmdtyView’s national front month Cash Bean price was up 3 1/4 cents at $9.34. Soymeal futures were down $3.50...
Corn Bulls Helped Out By Export Sales to Kick Off November
Corn futures closed out the Friday session with most contracts steady to 3 ¾ cents higher. That was led by December, which cut down the weekly loss to just ¾ cent. The national average Cash Corn price from cmdtyView was up 6 1/2 cents at $3.85 3/4 per bu. The...
Hogs Hold Gains on Friday, as Specs Push to Record Net Long
Lean hogs posted Friday gains of 7 to 82 cents across most contracts, as December was up another $4.40 on the week. The national average base hog price was reported at $79.06 on Friday afternoon, down $3.64 from the previous day. The CME Lean Hog Index was reported at $85.93...
Cotton Posts Friday Gains
Cotton futures were back up anywhere from 2 to 60 points on Friday, as December was down 49 points on the week. The outside markets were mixed factors, with crude oil up 9 cents/barrel and the US dollar index 357 points higher. Friday’s Commitment of Traders report showed speculators in...

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