| 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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- Wheat Sitting at 2-Month Highs
- The wheat complex is continuing to rally at midday, nearing the highest prices since February. Kansas City continues to lead the charge, with gains of 13 to 17 cents. Chicago contracts are up 10 to 13 cents on the session. MPLS spring wheat is 5 to 10 ¼ cents higher....
- Cotton Leaking Lower with Outside Market Pressure
- Cotton futures are down 24 to 40 points at midday, with May up 18 on thin trade. The outside market influences are putting pressure on the market at midday, with crude oil down 47 cents/barrel and the UD dollar index up 230 points. ICE certified cotton stocks were up another...
- Corn Turns Lower Following Drop to Ethanol Production
- Corn futures are pulling back in the front months on Wednesday, with losses of 1 to 2 cents. New Crop December is up ½ cent at midday. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels per day in the week that ended on April 19. That was a...
- Hogs Mixed on the Midweek Session
- Lean hogs are mixed on Wednesday, with losses of 30 to 85 cents in the front months and a couple fall contracts 10 to 22 cents higher. USDA’s National Average Base Hog negotiated price was up 29 cents on Wednesday morning, at $91.30. The CME Lean Hog Index was up...
- Soybeans Retreating from Highs at Midday
- Soybeans prices are showing 3 to 5 cent gains in the nearbys on Wednesday. Soymeal is posting strength to lead the complex higher, up $4.80 to $5.20/ton, with Soy Oil back down 59 to 63 points. USDA did issue a corrected report to the flash sale announcement from last week,...
- Cattle Posting Midday Losses Amid More BIAV Fallout
- Live cattle are slipping lower on Wednesday, with midday losses of $1.37 to $2.30. Cash action has been negligible thus far. Last week’s trade was $183-184 live and $292 dressed in the North, steady to down $1 from the previous week. Southern trade was steady, at $182. Feeders are down...
