Current Grain Policies

2018 Toppenish Corn Harvest Policy

2018 charges

 

  1. Drying charge- $1.35 per ton per point ($.0377 per bushel) down to 15%
  2. Shrink- 1.4% per point down to 14%
  3. Handling- 8 cents per bushel

With the planned closure December 31st, open storage will not be offered. Delayed Price contracts will be offer details are listed below.  After December 31st, please direct all account questions to our Wheeler office @ 800-827-3081.

  1. Forward contract- Grower sells the grain before delivery on specified bushel amount at a contracted price. There are no additional fees for writing this contract.
  2. DP contract- Grower signs a contract before delivery for a specified amount with no price established. Title will pass on delivery and will be assessed a 5 cent per bushel per month DP charge prorated daily. Final pricing to occur before July 31st, 2019.
  3. Basis Contract- Grower prices the basis before delivery at the harvest basis level on a specified bushel amount. Title passes on delivery. Grower has the option of pricing the futures and establishing the final cash price or rolling to next futures month at the current futures contract spread by the third Monday of the month prior to the underlying futures month, i.e. November 20th on a December corn futures contract. If the December corn futures are $3.65 and the March futures are $3.80, on November 20th, the basis would have $.15 deducted from the contracted basis level and the producer would now have until February 20th 2019 to establish their futures and final cash price or roll again to the next futures month.
  4. Hedge to Arrive- Lock in futures now on a set bushel quantity and price the basis on or before delivery, a $.02 service charge will be assessed for this contract.As an added benefit to using contract options 1,3 and 4 we will only be shrinking the corn to 15% which will give you 1.4% more corn to sell than you would have had in previous years.
  5. If you have any questions, please call Camron or Mike at 509-765-3881 or Nathan at 865-2451 

2018 Basin Corn Harvest Policy

2018 charges

  1. Storage- 3.25 cents per bushel per month with 10 days free.
  2. Drying charge- $1.35 per ton per point ($.0377 per bushel) down to 15%
  3. Shrink- 1.4% per point down to 14% (Open Storage) Contracted to 15%
  4. Handling- 8 cents per bushel

For the 2018 crop year we will require all growers to sell any unsold bushels in open storage by 7/31/19 or use contract options 2 or 3 below at that time. All customers can use any of the options below if desired.

  1. Forward contract- Grower sells the grain before delivery on specified bushel amount at a contracted price. There are no additional fees for writing this contract.
  2. DP contract- Grower signs a contract before delivery for a specified amount with no price established. Title will pass on delivery and will be assessed a 5 cent per bushel per month DP charge prorated daily.
  3. Basis Contract- Grower prices the basis before delivery at the harvest basis level on a specified bushel amount. Title passes on delivery. Grower has the option of pricing the futures and establishing the final cash price or rolling to next futures month at the current futures contract spread by the third Monday of the month prior to the underlying futures month, i.e. November 20th on a December corn futures contract. If the December corn futures are $3.65 and the March futures are $3.80, on November 20th, the basis would have $.15 deducted from the contracted basis level and the producer would now have until February 20th 2019
  4. to establish their futures and final cash price or roll again to the next futures month. There are no monthly fees for this contract.
  5. Hedge to Arrive- Lock in futures now on a set bushel quantity and price the basis on or before delivery, a $.02 service charge will be assessed for this contract.As an added benefit to using contract options 1,3 and 4 we will only be shrinking the corn to 15% which will give you 1.4% more corn to sell than you would have had in previous years. Also, there are no storage charges for using any of the contract options above.If you have any questions, please call Camron or Mike at 509-765-3881

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Questions?

Please call Camron or Mike at 509-765-3881 or Nathan at 865-2451.

© 2018 CHS Inc.