Hours
DUMMER'S GRAIN SERVICE

N6673 CO RD XX, HOLMEN WI 54636

608-526-9277

HOURS  

MONDAY-FRIDAY 8AM-4PM 

SATURDAY 11/9 TBA

SUNDAY 11/10 TBA

  


Cash Bids


Crop Progress

Market Snapshot
Quotes are delayed, as of November 06, 2024, 08:02:16 AM CST or prior.

Follow Us on Twitter

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


National Newswire


Local Weather
Forecast

Like Us on Facebook
 


Commentary
Cattle Traders Look to React to Election Results
Live cattle futures settled the Tuesday session with contracts mixed, as December was down 30 cent and the rest were 2 to 45 cents higher. Cash trade has yet to get kicked off this week, with most action compiling showlists. Last week saw trade anywhere from $189-190. Feeder cattle futures...
Soybeans Fall in Overnight Trade as President Trump Elected
Soybean bears are taking control this morning, with losses of 15 to 18 cents as President Trump was reelected to the White House. This will likely have some impact on trade once he is inaugurated in January, as one election promise was tariffs, and likely on China. The markets are...
Wheat Falling on Wednesday AM
Wheat is trading with losses on Wednesday morning as the US dollar index rallies. The wheat markets posted gains across the three exchanges to close out Tuesday. Chicago SRW futures were up 3 1/4 to 3 3/4 cents as the session settled on Election Day. KC HRW contracts were fractionally...
Cotton Heading Lower on Wednesday
Cotton prices are showing 39 to 61 point losses on Wednesday morning, the Dollar is stronger and crude oil is weaker. Futures saw marginal movement on Tuesday, with contracts sticking close to unchanged at the closing bell, withing 5 points of unchanged. The outside markets are supportive, with crude oil...
Corn Pulling Back Following Overnight Rally
Corn futures are trading with 3 to 4 ΒΌ cent losses, as the dollar is up 1.821 to 105.145 following the outcome of the Presidential election that saw Trump elected. The market closed out the Tuesday session with contracts 1 to 2 cents higher, as export business continues to trickle...
Hogs Fall on Tuesday
The hog market closed with nickel to $2.10 losses on Tuesday. The national average base hog price was reported at $83.37 on Tuesday afternoon, a $5.87 increase from the previous afternoon. The CME Lean Hog Index was reported at $89.38 on November 1, up 86 cents from the day prior....

The CME Group Intercontinental Exchange