|DUMMER'S GRAIN SERVICE|
N6673 CO RD XX, HOLMEN WI 54636
MONDAY-FRIDAY 8AM - 4PM
*WE WILL BE CLOSED FOR A WEEK TO TWO WEEKS STARTING JUNE 5TH FOR CONSTRUCTION, WE APOLOGIZE FOR ANY INCONVENIENCE*
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.
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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A Great Event For A Great Cause
- Midweek Cotton Red in AM
- Cotton is trading with a mixed AM of 20-80 points red for the active months and 20-80 points higher for the lighter traded contracts. Cotton prices ended the Tuesday session up by 18 to 55 points after having spent time on both sides of UNCH. The Dec contract stayed inside...
- Lean Hog Futures Resumed the Rally on Tuesday
- Front month lean hog futures gapped higher and proceeded to rally as much as 4.96%. The July contract led the way and is back to a premium over the June contract. USDA’s PM National Average Base Hog price was $92.13 on Tuesday, up by $6.84. The CME Lean Hog Index...
- Strong Cash Cattle Trade in WCB During June Deliveries
- The live cattle futures market ended the day with $1.42 to $2.67 gains and saw new all time highs above $180. USDA confirmed Tuesday’s cash trade was $3-$5 higher with WCB sales near $190 and $288-$292 in the beef. The weekly FCE auction listed 1,282 head and sold 163 CO...
- Wheat Board Mixed in AM Action
- AM wheat quotes are mixed, as Chicago SRW is 2 to 5 cents higher though the HRW and HRS markets are fractionally to 2 cents in the red. Overnight CBT SRW futures saw two spike high attempts, ultimately leaving a 15 1/4 cent range for July. Chicago wheat futures ended...
- Back and Forth Overnight has Soybeans Mixed
- So far Wednesday’s soy session is mixed. Old crop beans dropped to -3 cents at the low overnight and spiked to +12, compared to the -8 3/4 to +3 1/2 swing in new crop soybeans overnight. The current market has July a nickel higher compared to Nov a penny weaker....
- Corn Mostly Lower into Day Trade
- Corn prices started of Wednesday with overnight weakness, as Dec dropped to as much as 6 cents lower. A short lived rally took the market back to UNCH, but the AM quotes are back to 4-5 cents in the red. July futures are holding onto a fractional gain. After a...