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. 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. 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.
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- Soybeans Popping Higher on Thursday
- Soybeans are trading with 3 to 4 cent gains across most contracts early on Friday, Futures closed out the Thursday session with contracts 4 to 7 cents across most months. Preliminary open interest was up 3,770 contracts on Thursday, suggesting some very slight net new buying. There were 3 deliveries...
- Cattle Rallying as Cash Climb Pushes to Record Highs
- Live cattle futures held higher on Thursday by cash strength, as futures were up 27 cents to $1.25. Preliminary open interest was up 5,453 contracts on Thursday, with most coming in August (3,801 contracts) and October (1,484 contracts). Cash trade has been $218 in the South, with business up to...
- Hogs Look to Round Out the Week after Mixed Thursday
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- Wheat Higher on Friday Morning
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- Corn Pushing Higher Early on Friday
- Corn futures are up 2 to 4 cents so far on Friday morning. The corn market ended the Thursday session with contracts down 3 to 4 cents in the nearbys and up a penny in December. Preliminary open interest was up 6,510 contracts on Thursday, most coming in December. There...
- Cotton Bouncing Back on Friday Morning
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