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


Crop Progress

Market Snapshot
Quotes are delayed, as of May 30, 2024, 02:02:18 AM 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
Hogs Slip Lower into the Close
Lean hogs were back to lower trade on Wednesday, with contracts down 2 to 35 cents on the day. USDA’s National Average Base Hog negotiated price was at $89.05 in the Wednesday afternoon report, up $1.22 from the day prior. The CME Lean Hog Index was down another 37 cents...
Cotton Closes Lower with Outside Pressure
Cotton futures were down 10 to 133 points across the board on Wednesday. Outside factors were a negative influence, with crude oil down 54 cents/barrel and the US dollar index up 541 points. The weekly Crop Progress report showed 59% of the cotton crop planted as of Sunday, 2% ahead...
Corn Closes Near the Day’s Lows
Corn futures posted losses of 1 ½ to 7 ¼ cents out to the 24/25 MY contracts, with the rest showing fractional gains. Pressure from the dollar and losses in wheat weighed on things into the close. The Tuesday afternoon Crop Progress report showed that Iowa is the only of...
Soybeans Extend Losses into Wednesday’s Close
Soybeans closed the Wednesday session with nearby contracts 10 to 15 ½ cents lower and other deferreds 5 to 9 cents in the red. Soymeal weighed on the bean market, with losses of $5 to $8.40/ton at the close. Soy Oil was a bright spot for the bulls with contracts...
Wheat Closes on the Lower Side of Unchanged
The wheat complex slipped lower into the Wednesday close as a stronger dollar weighed on things. Chicago contracts were down 2 to 7 1/2 in the front months, with back months up 1 to 5 cents. Kansas City futures were down 1 to 11 ½ cents at the close. MPLS...
Cattle Collapse on Wednesday
Live cattle closed out the Wednesday session with contracts $1.20 to $2.07 lower. Cash action has been quiet this week with some light $190 reported in the North. The Central Stockyards online Fed Cattle Exchange auction saw sales of $188 on 114 head of TX, $191.50 on 40 head out...

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