• Have your tarps rolled open before proceeding to the scale or probe
• Driver must know/inform scale to account/name and application method to which the load should be applied. Prior to leaving, review the ticket for accuracy and immediately have corrections made if necessary
• Notify the grain buyer prior to delivery if payment is not desired this year and you with to have it held/deferred.

Cash/Spot: The bushels designated will be sold at the current market price (Subject to change during CBOT trading hours). Contact a buyer if you wish to have your grain spotted upon delivery.

10-Day Hold: Delivered Grain is held for 10 days without storage charges, after which charges will begin to accrue. Grain that is not contracted, sold, or instructed to be placed in grain bank during this period will be placed in storage.

Storage (Open Storage): Grain designated for storage will be assessed the applicable storage fees, including minimums and may have additional drying & shrink.

Grain Bank: Grain designated for grain bank is for feed purposes with applicable storage fees and may have additional drying & shrink.

• All Purchase Contracts have only standard drying & shrink policies applied and no storage fees
• Grain Ownership is transferred immediately to United Cooperative upon delivery
• All contracts will be confirmed in writing that must be signed and returned to United Cooperative.

Advantages

• Can capture favorable prices when grain is not immediately available for delivery
• Simple and easy to understand/use; all aspects of the contract are established

Disadvantages

• Cannot benefit from additional improvements in price
• Delivery is required regardless of yield or quality concerns

Advantages

• Allows producer to lock in a basis and eliminate downward basis risk.
• Still have opportunity to capture positive futures movement.
• While waiting to set contract futures price, the producer can receive a 70% cash price advance. (i.e. 3.50 cash = 2.45 advance)
• Contract can be rolled once within the same crop year ($.03 roll fee) with the basis adjusted according to the spread between the different futures months.
• Basis will narrow if there is an inversion in the market when rolled

Disadvantages

• Cannot take advantage of basis improvements
• Risk downward movement of CBOT futures prices
• Producer maintains responsibility to follow market to set desired futures price
• Basis may widen when rolled if there is a carry
• If an advance is received and the current cash value falls below the advanced amount, the producer will be responsible to reimburse the difference to United Cooperative

Advantages

• Allows producer to lock in a futures and eliminate downward CBOT risk
• Still have opportunity to capture basis improvements

Disadvantages

• Can not take advantage CBOT futures price increases
• Risk basis changes
• $.05 services fee to establish the contract

Advantages

• Eliminate price decline risk
• Still have opportunity to capture positive CBOT movement
• All costs/fees are fixed and determined at the time the contract is written based on option chosen by the producer

Disadvantages

• Cost of option may exceed storage fees
• Cannot capture positive basis movement
• Requires selling in 5000 bu increments
• $.01 service fee to establish the contract
• Must complete pricing before deadlines or premium is forfeited

Advantages

• 22 week period occurs during a historically favorably pricing period
• Disciplined marketing approach
• Easy to follow

Disadvantages

• Limited sign up period
• Risk basis changes
• During the pricing period, there will be instances when other contract options are better vs. the final average price
• $.04 service fee to establish the contract