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


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Market Snapshot
Quotes are delayed, as of June 16, 2024, 07:41:19 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
Cotton Close Friday Mixed
Cotton futures were mixed when the final ICE bell rang on Friday, as July was down 38 points, with other nearby contracts up 2 to 35 points. July was down 287 points on the week, with December slipping just 75 points lower. Deferred contracts slipped 8 to 34 points. The...
Wheat Resumes Lower Trade on Friday
The wheat complex was also fading off lower into the week’s close across all three exchanges. Chicago wheat posted 7 ¼ to 14 cent losses on the day, with July down 14 ¾ cents over the course of the week. KC contracts closed out Friday with contracts 9 ¼ to...
Soybeans Fall to Close Near the Low of the Day
Soybeans faded off lower into the Friday close, settling near the lows with contracts down 4 ¾ to 11 cents. July did managed to pull out a ½ cent gain on the week, though November, down 8 cents, wasn’t as lucky. Soymeal futures were up 10 cents/ton in the July...
Cash Cattle Gives Futures a Boost
Live cattle futures followed the cash strength on Friday, as contracts closed out the week with gains of $1.92 to $3.67. Contracts are up anywhere from $1.97 in June to $3.75 in other front months. Cash trade was strong this week, with a few sales at $186 reported in KS...
Hogs Rally to Close Out Week
Lean hog futures bulls have finally found some footing after hitting or getting close to some new contract lows on Friday. Most contracts were up anywhere from 15 cents to $1.85, as expiring June was down 57 cents. The CME Lean Hog Index was up 20 cents at $91.58 on...
Corn Falls into Close with Western Corn Belt Looking Wetter
Corn futures collapsed into the close, with contracts ended the week with 3 ¼ to 8 ½ cent losses across the board. The limited the gains for the week, with July up just 1 ¼ cents and December picking up 3 cents. NOAA’s 7-day QPF shows heavy precip total from...

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