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Tri Central Coop
EFFECTIVE SEPTEMBER 1, 2024 ASHKUM 815-698-2327 STORAGE AND DRYING POLICY FOR 2024-25 SEASON
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STORAGE CORN & SOYBEANS 21 CENTS PER BUSHEL UNTIL JANUARY 5, 2025. THEN 4 CENTS PER MONTH ($0.00134/DAY) UNTIL SEPTEMBER 1, 2025. SOME AGREEMENT MUST BE MADE BY SEPTEMBER 1, 2025, WITH RESPECT TO DISPOSITION OF GRAIN IN STORAGE. GRAIN HELD PAST SEPTEMBER 1, 2025, COULD BE SUBJECT TO A RECONDITIONING CHARGE, ACCORDING TO MARKET CONDITIONS AT THAT TIME. DP (DELAYED PRICE OR PRICE LATER) RATES WILL BE SET AT TIME OF DELIVERY. ____________________________________________________________________________________________________ CORN DRYING/SHRINK ALL CORN MOISTURE WILL BE HANDLED ON A DRY AND SHRINK BASIS. SOLD GRAIN WILL BE DRIED AND SHRUNK TO 15% MOISTURE. STORAGE AND PRICE LATER GRAIN WILL BE CHARGED DRYING TO 15% BUT SHRUNK TO 14.5%. SHRINK WILL BE AT 1.4% PER POINT OF MOISTURE ABOVE 15% FOR CORN SOLD, ABOVE 14.5% FOR STORED AND DP CORN. CORN EXCEEDING 28% MOISTURE WILL NOT BE ACCEPTED FOR STORAGE WITHOUT PRIOR ARRANGEMENT. CHARGES ARE AS FOLLOWS: 4 ½ CENTS PER % MOISTURE 15%-25% 4 ¾ CENTS PER % MOISTURE ABOVE 25% *CHARGES ARE BASED ON DRY BUSHELS. AVERAGING OF MOISTURE WILL BE DONE ONLY BETWEEN 14% AND 25%. ALL OTHER DISCOUNT FACTORS WILL BE DISCOUNTED BY THE LOAD. BEAN DRYING 1% OF WEIGHT PER ½ % OF MOISTURE ABOVE 13% AVERAGING OF MOISTURE WILL BE DONE ONLY BETWEEN 11% AND 15%. ALL OTHER DISCOUNT FACTORS WILL BE DISCOUNTED BY THE LOAD. ________________________________________________________________________________________________ STORAGE ON GRAIN WILL BE CHARGED FROM WEIGHTED TIME OF DELIVERY NOT TO EXCEED 7 BUSINESS DAYS. DRYING AND STORAGE WILL BE BILLED ON THE LAST BUSINESS DAY IN NOVEMBER AND WILL BE DUE BY JANUARY 31, 2024, TO AVOID FINANCE CHARGES. AFTER JANUARY 1, ALL DRYING AND STORAGE WILL BE BILLED QUARTERLY. ORIGINAL WR ISSUED FREE OF CHARGE. A $7.50 CHARGE WILL BE MADE FOR SUBSEQUENT RECEIPTS. A NON-NEGOTIABLE WR WILL BE ISSUED FREE. *SUBJECT TO CHANGE WITHOUT NOTICE. GRAIN RECEIVING, HANDLING AND SETTLEMENT POLICY FOR GRAIN RECEIVED AT TRI CENTRAL COOP GRADES: ALL GRADES WILL BE TRI CENTRAL HOUSE GRADES UNLESS OTHERWISE SPECIFIED BY EITHER BUYER OR SELLER BEFORE THE LOAD IS DUMPED. BUYER OR SELLER HAS OPTION TO SUBMIT SAMPLES FOR “OFFICIAL SUBMITTED SAMPLE INSPECTION CERTIFICATE”. CHARGES WILL BE PAID BY SELLER. ALL GRAIN RECEIVED SHALL BE PLACED IN DEFERRED PRICING OR PRICE LATER UNLESS: 1. SOLD ON A PRICED OR UNPRICED CONTRACT(S). 2. RECEIVED FOR DRYING OR CONDITIONING TO BE RETURNED TO OWNER. 3. EACH LOAD SOLD AND PRICED AT SCALE. 4. NO STORAGE AVAILABLE-THEN PRICED DAY OF DELIVERY. 5. STORAGE. CONTRACT GRAIN OPTIONS: 1. PURCHASE PRICE, GRADE, DISCOUNT FACTORS AND DELIVERY DATE WILL BE ESTABLISHED ON CONTRACT DATE. 2. DEFFERED PAYMENT WILL HAVE PAYMENT DATE ESTABLISHED (ALL OTHER TERMS WILL BE SAME AS PURCHASE CONTRACT OPTION #1). 3. BASIS OVER OR UNDER A CHICAGO BOARD OPTION WITH PRICING DATE ESTABLISHED AND OTHER TERMS SAME AS PURCHASE CONTRACT OPTION #1. PREMIUMS: IF PAYMENT FOR FALL GRAIN SALES IS DEFERRED UNTIL JANUARY, YOU WILL RECEIVE A PREMIUM OF 1 ½ CENTS PER BUSHEL ON CORN AND 4 CENTS PER BUSHEL ON SOYBEANS. **CONTRACTS: NO HTA (HEDGE TO ARRIVE) CONTRACTS WILL BE WRITTEN. SETTLEMENTS: THE FIRST GRAIN DELIVERED WILL APPLY TO ANY OPEN CONTRACTS. MARKET DISCOUNTS AT TIME OF DELIVERY WILL APPLY. CONTRACT GRAIN SHALL BE SETTLED ON THE EXACT BUSHELS STATED ON CONTRACT. OVERFILLS AND UNDERFILLS WILL BE PRICED AT SELLER’S DISCRETION NO LATER THAN SETTLEMENT DATE. BASIS FOR SETTLEMENT WILL BE CURRENT MARKET VALUE. SELLER WILL HAVE THE OPTION OF STORING BALANCE OF OVERFILL IF STORAGE SPACE IS AVAILABLE. OVERFILLS AND UNDERFILLS OF 200 BUSHELS OR LESS WILL BE PRICED OUT AT THE CLOSE OF THE MARKET. UNDERFILLS OF MORE THAN 2% OF CONTRACT BUSHELS MAY BE ASSESSED AN ADDITIONAL 5 CENTS PER BUSHEL. BUSHELS NOT DELIVERED BY THE SPECIFIED DATE ON THE CONTRACT WILL BE CHARGED A RATE PER MONTH FOR THE BUSHELS NOT DELIVERED WILL BE DETERMINED BY MANAGEMENT. **SUBJECT TO CHANGE WITHOUT NOTICE. |
