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Clara City Comments 09/02/2010
***Please Note: September Soybean Bid is for Delivery By 9/08/10! Any beans
delivered after that date are subject to New Crop Basis. - Thanks
*************
We will be CLOSED Monday, September 6th, 2010, in observance of Labor Day.
Have a great long weekend before the impending harvest!! Looks like it should
be a busy one.
*************
NOTICE: FREE D.P. PROGRAM FOR CORN SUSPENDED
Corn Can Be Hauled on the Following:
Current Contracts
Cash Sale
10-Day D.P. (if not priced, storage will accrue from delivery)
--Please do not haul next month contracts 10 days before
delivery timeframe.
Due to space constraints, ALL LOCATIONS are ONLY able to accept CURRENT
CONTRACT or CASH SALE CORN at this time. Delayed Pricing (D.P.) will only be
allowed for the normal TEN DAY PERIOD at which point it needs to be priced or
storage will start to accrue (from the date of delivery). We will continue to
offer FREE D.P. FOR SOYBEANS as space allows. Thank you for your cooperation.
*************
Customer Emails:
We are trying to compile a list of customer emails for those who would
like quick and easy notification on upcoming events, schedule changes during
delivery timeframes, etc. We will be using email reminders and website
postings to replace the postcard notifications previously used. Please call
Clara City if you would like to be included in this list, at 320-847-3330.
Thanks for your help!
*************
FREE DPA ON SOYBEANS:
EFFECTIVE FRIDAY, FEBRUARY 26, 2010
***If not priced by 10/20/10...a $.10/bu minimum and $.04/bu per month prorated
by the day service charge will accrue (from 10/20 - NOT from date of delivery).
***No forward contracts can be hauled on this program unless prior arrangements
are made.
***Grain under CCC loan DOES NOT qualify for this program.
***Subject to space availability.
***Subject to change without notice.
*************
2009 FALL CORN DRYING & CORN/BEAN STORAGE PROGRAMS
CORN DRYING: $.06 each point of moisture removed (*Effective 11/27/09)
CORN SHRINK: 1.5% for each point of moisture removed
---
BEAN SHRINK: 1.5% for each Half Point of mosture removed up to 15.00
(= 3%/Full Point)
13.01 - 13.5 = 1.5%
13.51 - 14.0 = 3.0% (No drying charges,
14.01 - 14.5 = 4.5% all taken as shrink!)
14.51 - 15.0 = 6.0%
*15.01 - 15.5 = 9.0%
*Rate Increases at High Moistures: 3.0% shrink for each Half Point of
moisture removed above 15.0 (= 6%/Full Point)
STORAGE OPTIONS:
Warehouse Storage:
Corn - shrink and dry to 13%
Beans - shrink to 13%
*Storage: $.12 minimum to Dec. 31,2009, then $.04 per month
prorated by the day.
CCC Loans available with storage pre-paid to loan maturity
Delayed Pricing Agreement:
Corn - shrink and dry to 14%
Beans - shrink to 13%
*Service Charge: $.04 per month prorated by the day.
Service charge comes into effect on the 11th day after
date of delivery.
Basis Contract:
Corn - shrink and dry to 15%
Beans - shrink to 13%
*No Storage Charges
Advance on Corn = $1.80 less all discounts including drying
Advance on Beans = $5.00
No interest on corn or bean advances.
Minimum Price Contract:
Corn - shrink and dry to 15%
Beans - shrink to 13%
*No Storage charged, Deferred payments available @ 2%/annum
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