Grain

DP contracts are utilized by the buyer to help get ownership during harvest or to help facilitate the movement of grain from farm storage to grain elevators during the winter/spring.

Contact your Grain Originator for more information.

This contract authorizes the customer to lock in a basis for a specified delivery time, quantity and location. This enables the customer to capture what would be an attractive strong basis and stop monthly charges. One drawback to this contract is that no price protection is afforded, as the futures price has not been established yet.

This allows the seller to lock in a futures price for a specified delivery time, quantity and location. It enables the customer to establish a futures selling price that is attractive to them and within the pricing restrictions of the contract; they can price the basis at a later date. There is a service charge associated with this, due at the time of contract settlement, which varies depending upon commodity and length of time until the contract matures.

A customer can leave an offer to sell grain at a price they want for a specific delivery period under this option. This offer can be for any delivery period that we currently have a bid for; it can be left as a good-to-cancel offer, or for any time up to 30 days. The minimum amount for this contract is 500 bushels.

This option allows the customer to deliver bushels and eliminate monthly charges while staying in the market and receiving partial payment. The customer will sell their cash grain and buy a July futures position that CPI will attach to their contract. There is no price protection, as all risk is in the July futures market. A service charge of 3 cents per bushel applies.

This contract takes the emotion and hassle out of a marketing decision by automatically executing on the customer's behalf. The seller will receive an average futures price in a window when historical seasonal values are typically the highest, allowing the customer to set their basis at a later date. There is a 5 cent per bushel service charge, due at the time of settlement.

This option allows the customer to deliver bushels and eliminate monthly charges while staying in the market and receiving Minimum Price payment. The customer sells their cash grain and selects a futures month strike price and premium price of a CALL option. Option premium plus a 3 cent service fee is subtracted from the cash grain price to establish the floor "Minimum Price."