Hours
DUMMER'S GRAIN SERVICE

N6673 CO RD XX, HOLMEN WI 54636

608-526-9277

HOURS  

MONDAY-FRIDAY 8AM-6PM 

SATURDAY 10/19 TBA

SUNDAY 10/20 TBA 

  


Cash Bids


Crop Progress

Market Snapshot
Quotes are delayed, as of October 14, 2024, 12:12:40 PM 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
Cotton Falling Lower on Monday
Cotton prices are trading with 100 to 114 points so far on Monday. The outside markets pressure factors, with the crude oil down $1.80/barrel and the US dollar index 368 points higher. Spec funds in cotton futures and options added trimmed 224 contracts from their net short as of 10/8....
Hogs Heading Lower on Monday
Lean hog futures are trading with mixed action. October is up a tick on expiration day, with other nearbys down $1 to $1.85. The national average base hog price was not reported on Monday morning, with the 5-day rolling average at $75.52. The CME Lean Hog Index was reported at...
Cattle Mixed on Monday
Live cattle futures are trading with 17 cent losses in the October contract, as others are up 50 to 75 cents. There were 10 deliveries issued against October futures on Friday for the West Point, NE location. Cash sales were reported in the north at $187-188 last week, even to...
Soybeans Feeling Pressure from Bean Oil
Soybeans are trading with 2 to 5 cent losses across most contracts on Monday. CmdtyView’s national front month Cash Bean price is down 1 3/4 cents at $9.41 ¼. Soymeal futures are up $1.90/ton on the day. Soy Oil contracts are down 134 points on the session, as $1.80/barrel losses...
Wheat Feeling Pressured on Monday
The wheat complex is showing double digit losses across the three exchanges on Monday. Chicago SRW futures are down 10 to 11 cents so far on the day. KC HRW contracts are 11 to 12 cents lower at midday. MPLS spring wheat is slipping another 11 to 12 cents. Rains...
Corn Falling on Monday
Corn futures are showing 5 to 8 cent losses across most contracts on Monday. There is some outside pressure with the dollar index up 368 points, and crude oil down $1.80/barrel. The national average Cash Corn price from cmdtyView is down 5 1/2 cents at $3.78 1/2 per bu. Both...

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