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 December 09, 2024, 07:45:55 AM CST 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
Soybeans Popping on Monday AM
The soybean market is showing 4 to 5 cent gains across most nearby contracts on Monday morning. Soybeans shook off the early losses on Friday, but closed with the front months steady to ¼ cent higher and other contracts down 1 ¼ to 2 ¾. January saw a 4 ¼...
Cattle See Cash Strength, Close Mixed on Friday
Live cattle futures closed out the Friday session with contracts down 25 cents to up 62 in some deferreds. Cash trade settled in last week around $191 in the South and $191-192 in the North. Feeder cattle were up 90 cents to $1.25 across the board on the day. The...
Hog Traders Look to Start New Week
Lean hog futures settled the Friday session with contract sup 17 to 97 cents, as Feb was up 42 cents on the week. The national average base hog negotiated price was reported at $80.13 on Friday afternoon, down $5.21 from the day prior, though volume was light. The CME Lean...
Cotton Pushing Back Higher to Start the New Week
Cotton futures posted 84 to 103 point losses on Friday, amid some outside market pressure. March was down 182 points on the week. December cotton futures expire today. The outside markets were pressure factors, with the US dollar index up 249 points and crude oil back down $1.13/barrel lower. Weekly...
Wheat Pushing Higher to Kick Off Monday Trade
Wheat is showing gains across the three exchanges on Monday morning. The wheat complex posted mixed action across the three markets on Friday. Chicago SRW futures were fractionally to 2 ½ cents lower, with December down 4 1/4. March was up 9 ¼ cents last week. There were 5 delivery...
Corn Bulls Extending Strength on Monday Morning
Corn is up fractionally a penny so far on Monday morning. The corn market put on a rally ahead of the weekend as contracts were up 2 ½ to 5 cents across the board on Friday. March was up 7 cents on the week. Preliminary open interest on Friday was...

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