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
Name Notes Basis Cash Price Futures Change
Dummer's Grain        
Quotes are delayed, as of December 01, 2022, 03:14:08 PM CST or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.

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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.

Averager (APC) This contract allows you to price your grain over an extended period of time. Pricing is done once per week for a predetermined amount of week. You can opt. out of this contract during the averaging period and a three-cent fee will be assessed.

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


Crop Progress

Market Snapshot
Quotes are delayed, as of December 01, 2022, 03:14:08 PM CST or prior.

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Local Weather
Holmen, Wisconsin (54636)

Current Conditions Sunny
Temperature 35°F
Dew Point 15°F
Pressure 30.09 in. Hg
Humidity 43%
Wind 14 mph
From Southeast


Forecast


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Commentary
Triple Digit Strength from Hog Market
Front month lean hog futures are trading $2.55 to $2.70 higher through Thursday’s midday. The USDA National Average Base Hog Price was delayed in the AM report on 12/1, the Wednesday PM quote was $2.15 higher at $86.06. The 11/28 CME Lean Hog Index was $84.21, down by another 42...
Cotton Fading Limit Gains from Wednesday
Wednesday cotton futures printed their limited gains of 4 cents yesterday, but are back down by 47 to 64 points so far today. Dec prices are 7 points weaker on thinning OI during the delivery process. Cotton bookings were 16,494 RBs during the week that ended 11/24 according to the...
Thursday Wheat Trading Back in Red
Wheat futures look to start the new month with losses as the midday quotes show weakness. SRW prices in Chicago are down 4 to 9 1/2 cents so far. KC HRW prices are working 5 to 7 3/4 cents in the red in the front months. MPLS spring wheat is...
Mixed Midday for Cattle Complex
Feeder cattle look to extend the bounce with another 22 to 37 cent gains past the Jan contract – which is down by 10 cents so far. Cheaper corn is the driver. Fat cattle are trading red with losses of 35 to 57 cents. Thursday’s FCE auction saw no sales...
Soy Oil Losses Dragging on Beans
Thursday soy trade has the board working sharply lower. Soybean prices are 2.2% to 2.9% in the red with double digit drops of as much as 43 cents. Soybean oil is leading the way lower with 6.4% to 7.6% losses thus far through midday. Meal prices are also red, though...
Red Midday in Corn Market
Corn futures are trading lower on Thursday with pullbacks of 3 1/2 to 8 cents so far. Weekly export sales were on the lower end of trade ideas, and so were the EPA mandates for corn based ethanol use in 2023-25. USDA reported a private export sale of 114,300 MT...

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