2018 NE Price Later Program

iStock_000079728553_Small

CORN

-Corn can be delivered to CVA’s Locations as space allows.

– Current locations for corn receipts are:

  • Region 1: Tilden, Elgin, and Royal

  • Region 3: Monroe, Humphrey, Fullerton, Platte Center and St. Edward

  • Region 4: Scribner and Oakland East Hub

  • Region 5: Polk and Stromsburg

  • Region 6: Shelby, Tamora, Rising City, and Utica

– Other locations will be added as space becomes available.

–  Title will pass upon delivery to CVA.

–  Price Later Corn cannot be put on Warehouse receipt, Open Storage, or Grain Bank once it is placed on a Price Later Contract.

–  Price Later for corn will only be for grain delivered January 2, 2018, and after until CVA ends the program.

– No service charges will be applied if settled on or before October 15, 2018.

If the corn is not settled before October 15, 2018, there will be a $.10/bu. service fee plus a $.05 per month or any part of a monthly fee for each month OR any part of a month starting October 16th, 2018

–  Corn will be dried and shrunk to 15% moisture at CVA’s published rates at the time of delivery.

–  Off-grade, Corn will be discounted at CVA’s normal discount schedule.

–  Each load will stand on its own.

–  The corn must be priced at the nearby or “spot” bid for the location to which the corn was delivered.  No sales can be made for future delivery (Forward Contracted) (this would give CVA double ownership).

–  Corn that had been previously forward contracted can not be delivered on Price Later and applied to the forward contract during the delivery period the corn was contracted for (this would give CVA double ownership).

SOYBEAN

-Soybeans can be delivered to CVA’s Locations as space allows.

– Current locations for corn receipts are:

  • Region 1: Royal

  • Region 3: Monroe

  • Region 4: Oakland East Hub

  • Region 5: Polk and Stromsburg

  • Region 6: Shelby and Tamora

If the Soybeans are not settled before October 15, 2018, there will be a $.10/bu. service fee plus a $.05 per month or any part of a monthly fee for each month OR any part of a month starting October 16, 2018

-Other locations will be added as space becomes available.

-Title will pass upon delivery to CVA.

-Price Later Soybeans cannot be put on Warehouse receipt, Open Storage, or Grain Bank once it is placed on a Price Later Contract.

-Price Later for Soybeans will only be for grain delivered March 5, 2018, and after until CVA ends the program.

-No service charges will be applied if settled on or before October 15, 2018.

-Soybeans will be shrunk to 13% moisture at CVA’s published rates at the time of delivery.

-Off-grade, Soybeans will be discounted at CVA’s normal discount schedule.

-Each load will stand on its own.

-The Soybeans must be priced at the nearby or “spot” bid for the location to which the corn was delivered.  No sales can be made for future delivery (Forward Contracted) (this would give CVA double ownership).

-Soybeans that had been previously forward contracted can not be delivered on Price Later and applied to the forward contract during the delivery period the corn was contracted for (this would give CVA double ownership).