Locks in the Basis portion of your contract price, but leaves the futures price open.
EXTENDED PRICE CONTRACTS
Allow more time than traditional Basis contracts.
Locks Basis vs a defered futures month.
Provides cash flow upon delivery if desired.
MINIMUM PRICE CONTRACTS
Removes all downside market risk
Provides additional time in the market post delivery.
Participates in market rallies after delivery.
PRICE LATER CONTRACTS
6 cents/bu per month. Pro-rated daily. No minimum.
Participate in basis improvement and market rallies.
MOISTURE DISCOUNT SCHEDULE 2024/2025
NO SHRINK
8 CENTS PER POINT ABOVE 15.5 BASED ON CONTRACT AVERAGE
PRORATED TO THE NEAREST 10th OF A POINT
Moisture discount comparison $4.00 Cash Corn at 18% Moisture POET vs COMPETITION 1,000 bushels delivered at 18% Moisture 1,000 bushels delivered at 18% Moisture NO SHRINK 1.5% Shrink = -15 bu/pt above 15% Drying Charge: $0.08 per point above 15.5 = $0.20/bu Drying Charge: $.0475 per point above 15.0 = .$0.1425/bu 1,000 bu X (4.00 - .20 Moisture Discount)= $3,800.00 1,000 - 45 bu shrink= 955 bu X (4.00 - .1425)= $3,683.91
* For 18 moisture corn priced at $4.00- POET is discounting 116 dollars less per 1,000 bu load (11.6 cents/bu less discounts than corn delivered to the competition)
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