Cash bids

CORN   RECEIVING
(Updated 11.11.2024)


MONDAY - FRIDAY
7:30 AM - 4:00 PM




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BASIS CONTRACTS

  •  Provide time in the market post delivery

  • 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)

DISCOUNT SCHEDULE & GRAIN POLICIES - EFFECTIVE 10/1/2024

____________________________________________________________________________________________
Ask about mass text messaging to get the latest updates on receiving and market offerings


 Grain Hotline: 1-712-724-5235
 

Archie Voorhees - Commodities Manager
O: 712-724-5214

C: 712-223-0315

Nancy Nasers - Grain Buyer
O: 712-724-5216
C: 712-344-0213

Brent Pekelder - Grain Buyer
O: 712-724-5234
C: 712-230-0015

 

 

 
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CORN
USDA has adjusted the calculations of LDP data.
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Delivery Futures Month Futures Price Basis Futures Change Cash Price
History FH NOV 24 @C4Z
430'0s
 -1'0
 11/11/2024 1:19:00 PM CST
History LH NOV 24 @C4Z
430'0s
 -1'0
 11/11/2024 1:19:00 PM CST
History DEC 24 @C4Z
430'0s
 -1'0
 11/11/2024 1:19:00 PM CST
History JAN 25 @C5H
442'6s
 -1'4
 11/11/2024 1:19:00 PM CST
History FEB 25 @C5H
442'6s
 -1'4
 11/11/2024 1:19:00 PM CST
History MAR 25 @C5H
442'6s
 -1'4
 11/11/2024 1:19:00 PM CST
History APR/MAY 25 @C5K
449'6s
 -1'6
 11/11/2024 1:19:00 PM CST
History JUNE/JULY 25 @C5N
453'0s
 -2'0
 11/11/2024 1:19:00 PM CST
History AUG 25 @C5U
442'2s
 -3'4
 11/11/2024 1:17:00 PM CST
History SEP 25 @C5U
442'2s
 -3'4
 11/11/2024 1:17:00 PM CST
History OCT/NOV 25 @C5Z
445'6s
 -3'2
 11/11/2024 1:19:00 PM CST
 
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