| DUMMER'S GRAIN SERVICE |
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N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
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HOURS MONDAY-FRIDAY 8AM-4PM SATURDAY-SUNDAY CLOSED
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| DUMMER'S GRAIN SERVICE |
|
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
|
HOURS MONDAY-FRIDAY 8AM-4PM SATURDAY-SUNDAY CLOSED
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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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- Cotton Bounces Higher on Monday
- The cotton market posted Monday gains of 8 to 50 points. The outside market factors were helpful, with gains of 94 cents in oil and the dollar index down 7 points. Crop Progress data from Monday afternoon indicated that 33% of the US cotton crop was planted as of Sunday...
- Hogs Weaker on Monday, Despite Pork Strength
- Lean hogs were down 5 cents to $1.40 across most contracts. USDA’s National Average Base Hog negotiated price was up $1.37 on Monday afternoon at $89.78. The CME Lean Hog Index was up just 4 cents on May 9 at $91.32. USDA’s National Pork Carcass Cutout Value was up another...
- Wheat Rallies Hard to Start New Week
- The wheat complex shot out of a rocket at the day session open. Chicago contracts were 19 ½ to 26 cents across most nearby contracts. Kansas City futures were 24 to 26 ¾ cents higher on Monday. MPLS spring wheat futures were 13 ¾ to 21 ½ cents in the...
- Cattle Mixed Around on Monday, as Boxed Beef Prices Improve
- Live cattle closed the Monday session with contracts mostly 5 to 72 cents lower, as a couple spring 2025 contracts were slightly higher. Cash was mixed around last week, with the South seeing action anywhere from $183-185, and the North at $186-187. Feeders were higher on the day, as contracts...
- Corn Squares Up to Close Monday Slightly Higher
- Corn futures closed out the Monday session with contracts mixed. Front months were up fractionally to 2 ¾ cents on the day, with deferred contracts fractionally to 2 ¼ cents lower. Monday afternoon’s Crop Progress report indicated 49% of the US corn crop was planted as of May 12, a...
- Soybeans Push Higher to Start Week
- Soybean futures closed the Monday session with contracts bear spreading, as the front months were just fractionally higher. Other contracts were up 3 to 8 ¼ cents. Soymeal futures pupped back to start the fresh week, as contracts were down $1.50 to $5.40/ton. Soy Oil was up 71 to 87...
