| 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 *WE WILL NOT BE RECEIVING TRUCKS THIS MONDAY 9/9 DUE TO MAINTENANCE, SORRY FOR ANY INCONVENIENCE* |
| DUMMER'S GRAIN SERVICE |
|
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
|
HOURS MONDAY-FRIDAY 8AM-4PM SATURDAY-SUNDAY CLOSED *WE WILL NOT BE RECEIVING TRUCKS THIS MONDAY 9/9 DUE TO MAINTENANCE, SORRY FOR ANY INCONVENIENCE* |
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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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- Hogs Fall on Friday
- Lean hog futures posted Friday losses of 35 cents to $1.20 in the nearbys, with October dropping 2.725 on the week. The national average base hog price was reported at 76.79 on Friday afternoon, down $1.05 from the day prior. The CME Lean Hog Index was $86.43 on September 4,...
- Wheat Slips Back on Friday, Still Higher on the Week
- Wheat futures saw Friday losses across the three exchanges. Chicago SRW futures were down 7 ¾ cents in the nearby contracts, as Dec was up 15 ½ cents since last Friday. KC HRW was 11 ¼ cents higher in the front months to close out the day, as December tallied...
- Cattle Collapse Continues Through Friday
- Live cattle futures saw their fair share of selling on Friday, with contracts down $1.90 to $2.07 across the front months. Cash trade has been slow this short week, with the South kicking things off at $181, down $2 on the week. Northern sales were light with $180-183 reported this...
- Soybeans Fall Back to Minimize Weekly Gains
- Soybean futures posted 18 to 19 cent losses across the nearby contracts on Friday. That took the gain over the course of the week for November to just a nickel. Soymeal futures were down $1.90/ton in the October contracts. Soy Oil futures were the pressure factor on Friday with losses...
- Cotton Heads Home Lower on Friday, with Outside Pressure
- Cotton futures closed with contracts down 149 to 156 points across the front months on Friday. The dollar index was back up 71 points, with crude oil futures back down $1.04/barrel to add pressure. Export Sales data from this morning showed a high in the first month of the marketing...
- Corn Sees Week-End Pressure on Friday
- Corn futures close out the day with contracts 4 to 6 ¼ cents lower in the nearbys. December was still up 5 ¼ cents over the course of the week. Export Sales data showed old crop corn with net reductions of 173,097 MT in the week of August 29. That...
