|DUMMER'S GRAIN SERVICE|
N6673 CO RD XX, HOLMEN WI 54636
MONDAY-FRIDAY 8AM - 4PM
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
- Cotton Closes Near Limit Gain
- May cotton closed at its 3 cent limit gain for the day, though the July contract backed off its limit gain for the close. Limits will be 4 cents/lb in the midweek session, upped due to price level but not expanded as only May settled at the limit. New crop...
- Hogs Close Mostly Red
- Front month lean hog futures settled the session mostly red, save for a 7 cent gain in the October contract. The nearby futures were 35 to 87 cents in the red at the close, but May was nearly $1.50 off its earlier session low. The National Average Base Hog price...
- Cattle Close Mixed on Tuesday
- Front month fat cattle futures were 2 to 40 cents higher at the bell, while feeder cattle went home as much as 57 cents in the red. May feeders held above the $200 mark at the session low and the fall months remain $25-30 above the spot March price. Tuesday’s...
- Wheat Futures Close Higher
- The Tuesday wheat trade left futures in the black, though SRW was left out some. CBT SRW ended with 1 3/4 to 2 1/2 cent gains in the front months as May went home a nickel under the session high. KC HRW prices closed 1.2% to 1.4% higher with double...
- Soybean Futures Rally Double Digits
- The Tuesday session ended with strong gains for soy complex futures led by meal. Soymeal prices were up 2.3% to 2.7% at the close with $11.90/ton gains in the May contract. May futures are a net $24 above their low from last Friday. Soybeans closed the session with gains of...
- Mixed Settle in Corn Trade
- The old crop corn contracts ended the Tuesday session fractionally to a penny lower, while new crop prices were up by 2 to 2 1/2 cents on the day. December contracts printed a 7 1/2 cent range and closed a penny under the session high. Another 136,000 MT old crop...