Marketing Program 02/17/17 1:26:50 PM|
AVERAGE PRICING PROGRAM
We are now beginning our 2017 average pricing program. The Corn program will run from March 14, 2017 - June 29, 2017. The Bean program will run from May 2, 2017 - July 13, 2017. As you know, in most years this time period is the best time frame to receive above-average prices for your grain. Last year’s average price was 3.93 Dec ’17.
The amount of bushels pledged will determine how many pricings we have, but the maximum number of pricings will be 32 for corn and 22 for soybeans. The days and time of the pricings will be every Tuesday and Thursday at the end of the market session.
We will hedge the Dec ‘17 Corn and Nov ‘17 Soybeans. The producer will end up with a Hedge to Arrive Contract with a 3-cent fee. The basis can be set at any time prior to delivery. HTA’s may also be rolled to pick up carries in the market.
Several delivery locations are offered: B.A.B. Grain, Auburn, Waverly Rail, Decatur, St. Louis market and Picked-Up Bids.
If you are interested, please fill out the enclosed contract and get it back to us no later than Friday, March 10, 2017. Once all contracts are returned, you will be notified of how many pricings will be used. If there are not enough bushels signed up for the program, you will be notified in writing of the program cancellation.
As always, we thank you for your business and look forward to serving you in the future.
Call the office for more Details @ 217-438-3316>