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 20, 2024, 04:03:49 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 Post Gains on Tuesday
Soybeans saw some spreading on Tuesday, as old crop contracts were up 10 to 16 ¼ cents and other contracts for new crop up a penny to 4 ¼ cents. Deferred 2025 crop contracts and beyond were down fractionally to 1 ½ cents. Soymeal futures were up 30 cents to...
Corn Rallies on Turnaround Tuesday
Corn futures got a bounce ahead of the midweek holiday, as contracts were anywhere from 1 ¼ to 6 ¼ cents higher at the close. There was some corrective action following the drop in condition ratings and very few prospects of rain in the ECB over the next week as...
Wheat Continue Fall Ahead of Day Off
The wheat complex pushed lower into the close across all three exchanges at on Tuesday. Chicago saw losses of 3 ½ to 9 ½ cents across the board. Kansas City contracts were down 3 ¼ to 6 ½ cents. MPLS spring wheat was down 4 to 7 ½ cents. The...
Cattle Slip Lower on Tuesday
Live cattle bulls were taking a break ahead of the day off on Wednesday, with contracts down 20 to 75 cents. Cash trade has been quiet to start this week, with early action mostly compiling showlists. Trade was strong last week, with a few sales at $186 reported in KS...
Hogs Closed Mixed on Tuesday
Lean hog futures were down 30 cents to $1.60 in the front two months on Tuesday, with other contracts up 17 to 95 cents. The CME Lean Hog Index was down 71 cents at $90.73 on June 14. Seasonal strength has been muted this spring. The USDA National Base Hog...
Cotton Post Turnaround Tuesday Bounce
Cotton prices posted 15 to 109 point gains on Tuesday, as futures got a bounce on weaker conditions. Outside factors were helpful, with crude oil up $1.30 and over $80/barrel. The markets will be taking the day off on Wednesday in observation of Juneteenth. NASS reported condition ratings slipping down...

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