| DUMMER'S GRAIN SERVICE |
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N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
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HOURS MONDAY-FRIDAY 8AM-6PM SATURDAY 10/12 TBA SUNDAY 10/13 TBA
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| DUMMER'S GRAIN SERVICE |
|
N6673 CO RD XX, HOLMEN WI 54636 608-526-9277 |
|
HOURS MONDAY-FRIDAY 8AM-6PM SATURDAY 10/12 TBA SUNDAY 10/13 TBA
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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. 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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- Hogs Higher at Tuesday’s Midday
- Lean hog futures are posting mostly higher trade on Tuesday, with contracts up 12 to 32 cents. The CME Lean Hog Index was reported at $84.26 on October 4, down 57 cents from the day prior. USDA’s FOB plant pork cutout value was reported at $94.81 per cwt in the...
- Cattle Trade Pushing Higher on Tuesday
- Live cattle futures are up 45 cents to $1 on Tuesday. Cash trade last week was mostly $186 in the South, up $1 on the week. Northern action was $187 live and $296 in the beef up $2 from the previous week. Feeder cattle futures are 80 cents to $1.20...
- Corn Pulled Lower on Tuesday
- Corn futures are down 5 to 6 ¼ cents so far on Tuesday. The national average Cash Corn price from cmdtyView is down 6 1/2 cents at $3.87 per bu. Census trade data showed a total of 5.156 MMT (203 mbu) of corn shipped during August. That was down 1.97%...
- Wheat Mostly Lower on Tuesday
- The wheat complex is giving back most of Monday’s Gains on Turnaround Tuesday. Chicago SRW futures are down fractionally to a penny on the day. KC HRW contracts are 1 to 1 ½ cents lower on the session. MPLS spring wheat is showing mixed trade, with most contracts within a...
- Cotton Falling on Tuesday
- Cotton futures are trading with 64 to 153 point losses on Tuesday. The outside markets are adding some pressure, with the crude oil dropping $4.16/barrel, and the US dollar index slightly lower. August cotton export shipments totaled 684,962 bales, which was a 10-year low for the month. That was down...
- Soybeans Falling with Pressure from Oil
- Soybeans are feeling pressure on Tuesday, with contracts down 30 to 21 ¼ cents at midday. CmdtyView’s national front month Cash Bean price is down 21 3/4 cents at $9.49 ¼. Soymeal is down $2.10/ton in the nearbys. Soy Oil futures are falling 175 points at midday, feeling some pressure...
