Grade Requirements - CORN

---------------------------------------------------------------                                                      

Contracts------------------------- 15.0 % Moisture           

Warehouse Receipts----------   14.0 % Moisture

Grain Bank-----------------------15.0 % Moisture   

Price Later------------------------15.0 % Moisture

Drying Charges:     4.25 Cents/per point 

SUBJECT TO CHANGE

1.40% shrink factor.

Warehouse Storage:  Corn & Beans

 September-January 1/6 cent/Bu./day February-March 1/8 cent/Bu./day April-August 1/20 cent/Bu./ day

Grain Disposition - 15 Days from 1st load

Delivered - HARVEST POLICY 9/1/10-11-30-10

After Harvest Policy - 30 days  12-1-10 to 8-31-11

 

 “Price Later ” Program: Service charge of September-January 1/6 cent/Bu./day February-March 1/8 cent/Bu./day April-August 1/20 cent/Bu./day

Price Later Contract expires 8-31-11

Regular drying charges apply.

Remember:  Corn on PLC will not be

                      Eligible for C.C.C. Loan.

 

NON-Approved European corn varieties must be

Delivered to our Feed Mill Locations. (Rolfe, Plover, Ruthven, Manson)

 

Prepaid Storage:  Storage must be paid

In advance if Federal Whse. Receipt is

Required. C. C.C. requires storage to

Be paid to maturity date of loan. Also a 7 cent per bushel in handling charge is required by C.C.C.

Grain Bank Storage: 1st 90 days Free

1/10 cent/Bu/day thereafter.

Regular storage rates to apply to any grain

Sold from date of deposit. Fifteen cent “Out” charge to apply on corn removed as whole corn unprocessed.

Moisture averaging:  Corn will be averaged.17.1% and higher and 17.0 and lower averaged minimum 13.0.

 

Corn sold through the Feed mill, Twelve cents over the spot price. Not through the Feed mill, Twenty-five cents over the spot price.

 

 

 

         

Grade Requirements - SOYBEANS

-------------------------------------------------------

Contracts--------------------------13.0% Moisture

Warehouse Receipts------------  13.0% Moisture

Price Later-------------------------13.0% Moisture

Soybean Moisture: Loads 13.1%-13.5% will average together. Loads 13.6- 15.0% will average separately  Moisture over 16.0% will be sold.

 

Soybean Moisture: Soybeans will be

Purchased on a 13.0 % moisture basis.

A 3.0 % weight reduction will be taken

For each point of moisture from 13.1 %

To 13.5 %.  A 4.0 % weight reduction

Will be taken for each point of

Moisture from 13.6 % and above.

Over 15 % subject to rejection.

FM  All foreign material in excess

Of 1.0 % will be deducted from the

Total weight.  This includes weed seed,

Dirt, corn, pods, and stems.

 

C.C.C. WAREHOUSE STORAGE

Unused Prepaid Storage will be refunded to Producer at time of sale of the grain. Also the in handling charge will be refunded.

 

“Price Later “Program: Service charge of September-January 1/6 cent/Bu./day February-March 1/8 cent/Bu./day April-August 1/20 cent/Bu./day

Price Later Contract expires 8/31/11

 

Remember:  Soybeans on PLC will not be

                     Eligible for C.C.C. Loan.

 

 

THE FIRST GRAIN DELIVERED WILL BE

APPLIED TO CONTRACTS UNLESS OTHER ARRANGEMENTS ARE MADE.