*Prinsburg*

*Raymond*

*Clara City*

 
 

320-978-8100

320-967-4271

320-847-3330

 
         
 

Saturday, September 24, 2022  
 
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2022 Fall Program
  2022 Fall Program  09/23/22 10:28:08 AM

 
Prinsburg Farmers Co-op
P.O. BOX 56
Prinsburg, MN  56281
 
Prinsburg           -           Raymond         -           Clara City
320-978-8100                320-967-4271                320-847-3330
                                                                               
2022 Fall Corn Drying & Corn / Bean Storage Programs
& Quality Discounts
 
ROLL INTENTIONS MUST BE GIVEN PRIOR TO DELIVERY OR BASIS WILL BE SET IN 5,000 BUSHEL INCREMENTS AT DELIVERY!    ONE ROLL ALLOWED PER CROP YEAR BY FIRST NOTICE DAY
 
 
 

Corn drying:
 $ .060 each point of moisture removed
shrink 1.50% for each point of moisture removed (calculated by tenths)
drying 15.1-15.5 = $.03  / 15.6-16.0 = $.06  
moisture 16.1 and up calculated by tenths
 
Soybean Shrink:
13.01 - 13.50 =  1.50
13.51 - 14.00 =  3.00
14.01 - 14.50 =  4.50
14.51 - 15.00 =  6.00
15.01 - 15.50 =  9.00
Additional 3.00% each half % above 15.50%
                       
Storage Options are as follows:
                        Warehouse Storage: 
                             Corn - shrink & dry to 13%                       Beans - shrink to 13%
                             Corn storage $.06 minimum (30 days)
                                    then
 $.06 each month – prorated by the day
                             Bean storage $.06 minimum (30 days)
                                    then
 $.06 each month – prorated by the day
                             CCC loan available with storage paid to loan maturity
                             2022 Fall Program Begins September 22, 2022
 
                        Delayed Pricing Agreement:
 DPA grain cannot be transferred to warehouse rcpt., open store,
 grain bank or be redelivered after 10 days (redelivery charge $.20/bu.)
                             Corn - shrink & dry to 14%                       Beans - shrink to 13%
                             Corn – service charge $.06 minimum (30 days)
                                    then $.06 each month – prorated by the day
                             Soybeans – service charge $.06 minimum (30 days)
                                    then $.06 each month – prorated by the day
                             Advance on corn up to $2.00 (before discounts) @ 7.00% per annum
                             Advance on beans $6.00 @ 7.00% per annum
                             2022 Fall Program Begins September 22, 2022
                             Service charge begins after the 10th day of delivery
 
 
SUBJECT TO CHANGE WITH OUT NOTICE 9/22/2022
Basis Contract:
                             Corn - shrink & dry to 15%                       Beans - shrink to 13%
                             no storage charges
                             advance on corn $2.00 less all discounts including drying
                             advance on beans $ 6.00
                             no interest on corn or bean advance
                             pricing by contract written
                             ex#1 on 09/22/22 NC bid  6.55 - May ftrs 6.94 = .39 under the May Futures
                             ex#2 on 09/22/22 NC bid  14.19 - May ftrs 14.68=.49 under the May Futures
                             in both examples the contract would have to be priced or rolled on or
                             before the last day before the month owned  -  1 roll would be allowed
                             on a basis contract  -  you are at risk to whatever the futures do 

 
 
                        Minimum Price Contract
                             Corn - shrink & dry to 15%                       Beans - shrink to 13%
                             no storage charges
                             take all money this year or next (deferred to 2023 @ 0% per annum)
                             sell NC Grain buy call options in Dec, Mar, May and or July,
                             this would put a floor on your grain but allow you to participate in
                                   part of a rally

                             options should be treated the same way you would buy an insurance
                                 policy

                             $.03 per bushel to write contract
 
Corn Drying Table
                       
Delayed Pricing                                   Cash / Contract
MT      Shrink      Drying Chg             Shrink      Drying Chg
14.1     0.15%     $0.03                     
14.2     0.30%     $0.03
14.3     0.45%     $0.03
14.4     0.60%     $0.03
14.5     0.75%     $0.03
14.6     0.90%     $0.06
14.7     1.05%     $0.06
14.8     1.20%     $0.06
14.9     1.35%     $0.06
15.0     1.50%     $0.06
15.1     1.65%     $0.066                     0.15%     $0.03
15.2     1.80%     $0.072                     0.30%     $0.03
15.3     1.95%     $0.078                     0.45%     $0.03
15.4     2.10%     $0.084                     0.60%     $0.03
15.5     2.25%     $0.09                       0.75%     $0.03
15.6     2.40%     $0.096                     0.90%     $0.06
15.7     2.55%     $0.102                     1.05%     $0.06
15.8     2.70%     $0.108                     1.20%     $0.06
15.9     2.85%     $0.114                     1.35%     $0.06
 
 
SUBJECT TO CHANGE WITH OUT NOTICE 9/22/2022
 
Delayed Pricing                                   Cash / Contract
MT      Shrink      Drying Chg             Shrink     Drying Chg
16.0     3.00%     $0.12                       1.50%      $0.06
16.1     3.15%     $0.126                     1.65%      $0.066
16.2     3.30%     $0.132                     1.80%      $0.072
16.3     3.45%     $0.138                     1.95%      $0.078
16.4     3.60%     $0.144                     2.10%      $0.084
16.5     3.75%     $0.15                       2.25%      $0.09
16.6     3.90%     $0.156                     2.40%      $0.096
16.7     4.05%     $0.162                     2.55%      $0.102
16.8     4.20%     $0.168                     2.70%      $0.108
16.9     4.35%     $0.174                     2.85%      $0.114
17.0     4.50%     $0.18                       3.00%      $0.120
17.1     4.65%     $0.186                     3.15%      $0.126
17.2     4.80%     $0.192                     3.30%      $0.132
17.3     4.95%     $0.198                     3.45%      $0.138
17.4     5.10%     $0.204                     3.60%      $0.144
17.5     5.25%     $0.21                       3.75%      $0.15
17.6     5.40%     $0.216                     3.90%      $0.156
17.7     5.55%     $0.222                     4.05%      $0.162
17.8     5.70%     $0.228                     4.20%      $0.168
17.9     5.85%     $0.234                     4.35%      $0.174
18.0     6.00%     $0.24                       4.50%      $0.18
18.1 to 35.0     shrink 0.15% each 1/10th
                        drying $0.006 each 1/10th
 
 
Test Weight    Discount                                  Foreign Material Discount
 
53.9 to 53.0     $0.02                                      3.1 to 4.00%     $0.050
52.9 to 52.0     $0.04                                      4.1 to 5.00%     $0.100          
51.9 to 51.0     $0.07                                      5.1 to 6.00%     $0.150
50.9 to 50.0     $0.10                                      6.1 to 7.00%     $0.210
49.9 to 49.0     $0.14                                      7.1 to 8.00%     $0.270
-.04 each 1 lb under 49                                   -.07 each 1% over 8.0
 
Damage           Discount
 
5.1 to 6.0%      $0.01
6.1 to 7.0%      $0.02
7.1 to 8.0%      $0.03
8.1 to 9.0%      $0.04
9.1 to 10.0%    $0.05
-.01 each 1% over 10.0%
 
 
 
 
 
 
 
 
 
SUBJECT TO CHANGE WITH OUT NOTICE 9/22/2022
 
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