Grain Policy 2017-18

UNITED COOP 2017-2018 GRAIN POLICIES

WAREHOUSE STORAGE RATES: No Minimum – 1/6 cent per bushel per day from October 1, 2017 to April 30, 2018 1/20 cent per bushel per day from May 1, 2018 to September 30th, 2018.

PRICE LATER CONTRACTS – No minimum – calculated daily at following rate:  .174 ($.00174) cents per bushel per day for Sept 1, 2017 through April 30, 2018.  .05 ($.0005) cents per day May 1, 2018 through July 30, 2018.  Contract will expire July 30, 2018.

MOISTURE REQUIREMENTS:

  CORN  
BEANS
Sale 15% 13%
PLC 15% 13%
Warehouse Receipt 14% 13%
Grain Bank 14% -0-

MOISTURE AVERAGING

CORN:  We will average all loads with moisture 17.1% and over and all loads 17% and under.  Minimum 14%

BEANS:  We will average all loads 13.5% and under.  We will average all loads 13.6% and over, then shrink to 13%

CORN DRYING:  3.50 cents per bushel for each 1% moisture.

Custom drying will be assessed a 5 cent handling fee in addition to drying and shrink.

SHRINK

CORN:  Total shrink of 1.45% (1.18% moisture + .27% handling) for each 1% moisture

BEANS:   Total shrink of 3% (1.18% moisture + 1.82% handling) per point of moisture 13–13.5%, 4% (1.18 moisture + 2.82% handling) shrink on 13.6% and above.  Loads over 15% subject to rejection.

A PROBE SAMPLE will be taken from each load.  Hauler should provide accurate information to the scale operator;

  1. Identify each load of grain to the scale operator
  2. Advise us of any splits at time of delivery
  3. Identify your last load to the scale operator.

Credit – Sales agreement (PLC or deferred payment) must be signed before settlement is made final

If no disposition is given within 10 days from the average delivery date or 20 days from the first load date, whichever comes first, it will be put into storage (house receipt). 

 

**THESE POLICIES SUBJECT TO CHANGE AS MARKET CONDITIONS DICTATE**

GMO POLICY:  We must be notified prior to intended delivery of any corn variety hybrids that do not have worldwide import market approval.  Any hybrids that do not have worldwide acceptance may be restricted to certain delivery locations and times.

It is illegal to deliver TREATED SOYBEANS.  When delivering soybeans, producers have the responsibility to make sure all delivery equipment is not contaminated with TREATED SEED.