Grain Bids

Bids are updated as of 12/7/23.

Please contact us @ 319-989-5017 for current bids or contract pricing.

Let us know if you would like to sign up for our daily grain bid text.

* Bids are subject to change

1020 Pembroke Avenue
Lawler, Iowa 52154
Telephone: 641-364-7843
Fax: 641-364-2029   

Discount Schedule

Test Weight:

  • 1¢ each 1 pound or fraction from 53.9# to 52#
  • 3¢ each 1 pound or fraction from 51.9# to 50#
  • 5¢ each 1 pound or fraction from 49.9# to 49#
  • Subject to rejection under 49.0 lb.

Moisture/Shrink:

  • 1.4% shrink per point removed above 15.5%
  • 2.75¢  Drying per point above 17%
  • All Discounts calculated to the nearest tenth of a %

Damage:

  • 2¢ each 1% or fraction from 5.1% to 7.0%
  • 3¢ each 1% or fraction from 7.1% – 10.0%
  • Above 10.0% subject to rejection or discount

Foreign Material

  • 1¢ each 1% or fraction from 5.1% – 7.0%
  • 1.5¢ each 1% or fraction above 7.1% to 9.0%
  • 3¢ each 1% or fraction above 9.1% to 10.0%
  • Above 10.0% subject to rejection or discount

Heat Damage:

  • 1¢ each .1% or fraction from .3% to .5%
  • 2¢ each 1/2 % or fraction from .6% to 5.0%
  • Above 5.0% subject to rejection or discount

Subject to Rejection:

  • Musty
  • Sour
  • Weevils
  • Heating
  • COFO

Contracts

Priced Contract

Producer locks in full price for a cash sale for immediate or deferred delivery.

Basis:

Allows producer to set basis for a delivery period, leaving the futures (CME) price open.

Hedge To Arrive:

Allows the producer to lock in a futures (CME) price, leaving basis and delivery period and location to be determined at a later date.  Service fees may apply to a HTA contract.

priced later:

4.5 cents per month until December 31st

3.5 cents per month after

Bushels have to be priced by the market close on July 31st, 2024.

All information above subject to change without notice

Policy change:  All contracts going forward will be discounted at the discount schedule at time of delivery.

Updated 9/19/23