Custom Grain Transportation
We have the ability to transport your grain from your bins to our locations! Or we can transport from your field to our locations (very limited availability).
Center Valley Location
Mary Kay Cleven
Grain Division Manager
Comparing the cost of Delayed Price to Open Storage or Grain Bank, you will save 1 cent per month in storage cost. The average customer holds bushels in some type of storage for 3 months, so this will save you approximately 3 cents. The cost of Delayed Price will generally become cheaper after harvest. You won’t be charged any storage fees until you sell your grain. Corn will be shrunk and dried to 15.0%, beans to 13.0%, and wheat down to 13.5%. Thus, you will save 1% in drying and shrink which will save you approximately 9.6 cents per bushel on corn or 24 cents per bushel on beans. You will lose title to your grain, cannot load out bushels from the elevator, cannot forward sell bushel in Delayed Price, and we will be required to deduct the 1.2 cent corn or 3.3 cent bean Deferred Payment Contract Assessment, required by state law, for bushels placed in Delayed Price when you final price them.
Open Storage is the most expensive type of storage we offer. Generally, this will cost 5 cents flat per month. Your account will be invoiced each month that grain is stored in Open Storage. Corn will be shrunk and dried to 14.0%, beans to 12.0%, and wheat down to 12.5%. You will keep title to your grain, and you can request a Warehouse Receipt for grain on Open Storage. You have the ability to forward contract bushels in Open Storage. However, you will be required to pay the posted storage rate until the beginning of the contract period. Bushels in Open Storage can be loaded out of the elevator. However, if the grain is not milled through our feed mill, you will be charged a 20 cent load out fee.
Long Term Storage (aka Condo Storage):
Condo Storage is the space in the elevator that you own and have previously purchased. There is no monthly fee for condo, but there is an annual maintenance fee that will be accessed. Corn will be shrunk and dried to 14.0%, beans to 12.0%, and wheat down to 12.5%. You will keep title to your grain, and you can request a Warehouse Receipt for grain in Condo. You have the ability to forward contract bushels in Condo. Bushels in Condo can be loaded out of the elevator. However, if the grain is not milled through our feed mill, you will be charged a 20 cent load out fee. We are currently not offering any more Condo storage options to our patrons, but we may again sometime in the future. Generally, this option will cost $2.00 per bushel to purchase from the co-op, and the agreement will last 20 years.
Grain Bank is used for feed purposes only. Generally, this will cost 5 cents per month. Your account will be invoiced each month that grain is stored in Grain Bank. Corn will be shrunk and dried to 14.0%, beans to 12.0%, and wheat down to 12.5%. You will keep title to your grain in Grain Bank. Bushels in Grain Bank can be loaded out of the elevator. However, if the grain is not milled through our feed mill, you will be charged a 20 cent load out fee.
Any time grain is sold within 7 Calendar Days of delivery, no matter if it was delivered and placed in Open Storage, Grain Bank, or Delayed Price, if you decide to sell these bushels within 7 calendar days of when it was delivered, we will refund the storage back to you.
Forward Price Contract: Lock in your Cash price for a specified quantity of bushels for a specified delivery date and location in the future. A great contract to capture grain prices for time ahead of delivery. No additional fees, easy to use.
Hedge To Arrive Contract (HTA): Price the Futures when levels are attractive and set Basis separately prior to time of delivery. Allows you to protect yourself from downside risk in the Futures market while continuing to have opportunity to possibly capture any improvement in basis.
Basis Contract: Set the Basis on your contract prior to locking in the Futures. A specific quantity of bushels are sold to a designated location for a certain delivery period. A great opportunity if you want to deliver bushels and are satisfied with the basis level but want more time to potentially capture Futures gain.
CHS Compass Contracts: Get a premium to the current market in exchange for a possible additional bushel commitment for a future date. With CHS Compass contracts you can lock in floors and capture premiums the market may otherwise not provide. Customizable to your operation and specific time frames. Basis can be set at any time.
Minimum Price Contracts: Lock in a floor on your futures contract and continue to participate in potential upside in the grain market using options. Basis can be set at any time. Customizable to your market bias, operation, and time period.
Average Price Contract: Average Price Contracts add discipline and diversity to your grain marketing program by selling an equal amount of bushels each week during specified pricing period. You determine the bushel quantity as well as the delivery month and location. Basis can be set at any time.
CHS ProAdvantage: The CHS ProAdvantage contracts gives you the opportunity to add diversity to your grain program by allowing the grain professionals at Russell Consulting to price your bushels over a 1 or 2 year time period. The team at Russell Consulting uses their global knowledge and involvement to identify opportunity in the market to price your grain using a wide variety of marketing strategies. The only thing you have to decide is the quantity of bushels to put in the program and delivery location. Basis can be set at any time will the contract is pricing or at the conclusion, before delivery.
CHS ProAdvantage Updates
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