| 2019-2020 GRAIN POLICY | |||||
| CORN | |||||
| · Moisture: | |||||
| Selling 15% | |||||
| Price Later 15% | |||||
| Storage 14% | |||||
| Grain Bank 14% | |||||
| Deliveries must be settled within 10 days of unload date, or the grain will be charged storage. | |||||
| Drying: 4.0 cents per point Subject to change based on fuel prices. | |||||
| Shrink: 1.50% per point of moisture removed | |||||
| Averaging: 13% to 17% will be averaged. Corn 17.1% and over will stand alone. Corn under 13% moisture will be assigned 13%. | |||||
| · Storage Rates: | |||||
| Minimum storage rate after 15 calendar days = 90 days. Storage will be charged to your account at that time. | |||||
| Minimum storage rate is .17 cents per bushel for 90 days. Charge is 3.30 cents per month thereafter. | |||||
| After one year charge will be .035 cents per bushel per month. | |||||
| 10 working days free storage if corn is sold. Unsold corn reverts back to date delivered. | |||||
| After 10 days corn will be shrunk to storage moisture. | |||||
| Any service charges will be determined at that time, if there are charges, they will not exceed .035 cents/mo. rate. | |||||
| · Price Later Contracts: | |||||
| 11 cents handling for the first 30 days , then .001167 cents per day (3.50 cents per month) to August 15, 2020. | |||||
| · Minimum Price Contracts for Corn: | |||||
| Available upon request. | |||||
| · Grain Bank: | |||||
| 30 days no charge storage on corn delivered for feed purchasing (not just going out as whole corn) | |||||
| Receiving charges of 10 cents per bushel and Load Out charges are 10 cents per bushel will be assessed | |||||
| on corn not going into feed, along with the applicable storage charges back to the date of delivery. | |||||
| · Corn Discounts: | |||||
| Damage Discount: 3 cents a point from 5 to 10% | |||||
| 4 cents each % from 10.1 to 20% | |||||
| 5 cents each % from 20.1 and up, subject to rejection- buyer's option. | |||||
| Buyer's discount at time of delivery. | |||||
| FM Discount: 3 cents per bushel, 3 to 4%. 4 cents per bushel for each 1% over 4% | |||||
| Musty: 7 cents per bushel Weevily: 7 cents per bushel | |||||
|
Test Weight: 2 cents per pound under 54 to 50; 4 cents per pound under 50
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