GRAIN

 

UFC covers all of you grain merchandising, marketing, storage and drying needs.  UFC has 8 locations to handle the growing needs of our customers.  Our Brownton Unit Train Facility is a state-of-the-art shuttle loading facility designed to give our local producers access to outside markets.

Jason Tews

Vice President of Grain

DTN CASH BIDS


Change Location
CORN  
Delivery Cash Price Basis Futures Month Futures Price Futures Change
History Dec 17 2.84 12/11/2017 1:19:00 PM CST -0.65 @C8H
349'0s
 -3'6
History Jan 18 2.86 12/11/2017 1:19:00 PM CST -0.63 @C8H
349'0s
 -3'6
History Feb 18 2.88 12/11/2017 1:19:00 PM CST -0.61 @C8H
349'0s
 -3'6
History Mar 18 2.90 12/11/2017 1:19:00 PM CST -0.59 @C8H
349'0s
 -3'6
History May 18 2.98 12/11/2017 1:19:00 PM CST -0.59 @C8K
357'2s
 -3'6
History June 18 3.07 12/11/2017 1:19:00 PM CST -0.59 @C8N
365'6s
 -3'4
History Oct 18 3.12 12/11/2017 1:19:00 PM CST -0.70 @C8Z
381'4s
 -3'4
 
BEANS  
Delivery Cash Price Basis Futures Month Futures Price Futures Change
History Dec 17 9.08 12/11/2017 1:19:00 PM CST -0.75 @S8F
982'4s
 -7'2
History Jan 18 9.08 12/11/2017 1:19:00 PM CST -0.75 @S8F
982'4s
 -7'2
History Mar 18 9.19 12/11/2017 1:19:00 PM CST -0.75 @S8H
994'0s
 -7'4
History May 18 9.30 12/11/2017 1:19:00 PM CST -0.75 @S8K
1005'2s
 -7'0
History July 18 9.40 12/11/2017 1:19:00 PM CST -0.75 @S8N
1014'4s
 -6'4
History Oct 18 9.12 12/11/2017 1:19:00 PM CST -0.87 @S8X
999'2s
 -5'4


MERCHANDISING

Knowledge and Tools to Market Your Crop

UFC's Grain Division can address all your grain marketing needs, from cash contracts to hedge-to-arrive (futures fixed) contracts. Contact our experienced marketing staff, if you have any questions or concerns related to the marketing of your crop. We’ll be happy to consult by phone or schedule a meeting on your farm or at one of our locations.

Check here every Monday Morning for The Dirt!

Current Issue: December 1, 2017

GRAIN POLICIES

Commercial Storage:    

16 cent minimum/ 90 days both Corn and Soybeans.  After 90 days, then $0.04/month

Delayed Price Contracts:             

16 cent minimum/ 90 days both Corn and Soybeans.  After 90 days, then $0.035/month (title passes to UFC)

*No free time.

*Storage calculations are prorated daily after the initial 90 days.

**Any grain left on storage for over one year will have a storage rate of $0.05/month.  Any grain left on Delayed Price over one year will increase to $0.045/month.

Corn Moisture Limits:                 

Commercial Storage and Delayed Price 14%
                                                               
Cash or Contract

*Corn Drying will remain at $0.045/point of moisture with a 1.4% shrink.
                               
**Moisture discounts and shrink will be calculated to each 1/10th of a point.

Soybean Moisture limits:            

Moisture discounts start at 13.1%.  Soybean moisture discounts will be 1% of the price each .5 point of moisture over 13% to 14%.  From 14% to 16% discounts will be 2% of the price each .5 point of moisture.  From 16% to 18% discounts will be 3% of the price each .5 point of moisture or subject to rejection.

*There will be no averaging of grades for Corn or Soybeans
 

Custom Dried Corn:                       

$0.09 load out fee for custom dried corn. 

Custom Dried Corn must be loaded out in 5 days or full storage will be assessed on those bushels.

CONTRACT INFORMATION

Selling and Storing Your Grain

Cash Sale

Your grain is sold for price at the time of delivery.
 

Storage

Deliver your grain anytime.  A storage charge of 4 cents per month will be applied.
NOTE: The farmer still has ownership of the grain


Contracting Information

Offer

You establish a price.  If the market reaches your objective, your grain is sold.
 

Forward

Allows you to capture a favorable price for future delivery.  Delivery periods may extend out as far as 24 months.  Payment is made at the time of delivery.

hedge-to-arrive

Or HTA for short - the futures price is determined when the contract is created, but the basis level is not determined until a later date.  A service fee may apply.


 

Sell order

We accept sell orders for cash or HTA contracts at any time.  These orders will be placed electronically and have the potential to be filled in the overnight market.

Price Later

Or Delayed Price.  Deliver grain at your convenience. You may price the grain during a specified time frame defined in your contract.  A service fee may apply.

Basis

You can fix the difference or basis between the Chicago future price and the local cash price.
 


 

Minimum price

A minimum price is established through the use of options.
 

Average Seasonal Price

Or ASP for short - Allows you to receive a contracted average price for a specific quantity of grain, for a specific delivery period and destination.

Managed Grain Contract

Have market professionals price grain for you. 

 

ONLINE RESOURCES

If you have questions using or opening this spreadsheet, please contact Brett or Matt at 507-647-6601

Markets Via Text

United Farmers Cooperative offers our customers the ability to receive futures market updates and cash bids via text!

In order to receive these text messages, please fill out the form below! If you have any questions call 507-647-6601.
Please select a location that you want your markets from


MARKET INSIGHTS PODCAST

Check back here every Friday afternoon for a market update review with Brett Annexstad and Matt Rettmann!  The newest podcast will be on the top.

 
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GRAIN TEAM MEMBERS

DARRELL ABRAHAMSON

Grain Originator/Operations
507-276-1055
Darrell.Abrahamson@UFCmn.com

BRETT ANNEXSTAD

Grain Originator
507-381-4686
Brett.Annexstad@UFCmn.com

MATT RETTMANN

Grain Originator
507-381-4112
Matt.Rettmann@UFCmn.com

ELEVATOR LOCATIONS

Bird Island

215 North Main 
Bird Island, MN 55310
320-365-4012

Brownton

8163 Highway 15
Brownton, MN 55312
320-328-4002

Klossner

40137 577th Lane
New Ulm, MN 56073
507-35-4519

Lafayette

640 Sky View Avenue
Lafayette, MN 56054
507-228-8221

Le Sueur

228 North Main
Le Sueur, MN 56058
507-665-6781

Litchfield

106 East Depot Street
Litchfield, MN 55355
320-693-6040

Winthrop

802 Industrial Blvd
Winthrop, MN 55396
507-647-5311