• AVERAGE PRICE CONTRACT: An average price contract is used to forward contract grain for fall delivery.  The grain will be priced in equal percentages once each week from May 15 through July 3.  This timeframe is to correlate with the seasonal price trend which typically gives us some of the highest prices of the year.  A producer commits a set number of bushels and an average price is calculated over the eight-week period and a final contract written.                                                                  
  • EXTENDED PRICING CONTRACT: This contract offers a way to "Stay in the Market" after delivery of grain without paying price later or storage fees. Your final price will be subject to market movement up or down.  Grain is sold at delivery. A payment advance of up to 50% is available. Final pricing must occur on June 28th or prior. There is an "Initial Price", the cash price, and a "Futures Reference Price". It is the change in this Futures Reference Price that adds to or subtracts from your Initial Price. There is a $.05 per bushel fee for this contract. 
  • TARGET PRICE OFFERS:  A target price offer is an offer to buy or sell grain at a set price and delivery period.  This offer can be changed or cancelled any time prior to being filled.  These offers can be put in for any future delivery period, even for next year’s crop.  This is an excellent, pro-active way to market your grain.   There are no charges or fees to enter a Target Price Offer.  
  • PURCHASE CONTRACT:  A purchase contract is a standard contract where the producer sells a specified number of bushels for a specified delivery period.  It can be used for current or future deliveries.  There are no charges or fees for a purchase contract.  
  • PRICE LATER CONTRACT:  A price later contract is an excellent alternative to storage.  It allows a producer to deliver grain at harvest or any other time without locking in a price.  This could allow the producer to defer income to the next year as well as benefit from the potential of higher prices after harvest.  The ownership of the grain changes to the elevator at delivery and typically there is a fee with this type of contract.  However, this fee is likely to be less than a storage fee. Contract must be signed prior to delivery.
  • MINIMUM PRICE CONTRACT: A minimum price contract can be an excellent way for a producer to gain from an increase in price.  A fee is paid (premium for an option) and the producer benefits from any price increase within the chosen timeframe.  There are no additional costs and the price received can never go lower.   The producer gets paid the minimum price up front which can ease cash flow and save on interest costs.  

Other types of contracts can be accommodated if a producer has a need or desire for them.  Please call if this is the case. 

                                                                                     Grain Pricing Policy