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2021 Fall Program 09/22/21 10:05:39 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
2021 Fall Corn Drying & Corn / Bean Storage Programs
& Quality Discounts
Corn drying:
$ .050 each point of moisture removed
shrink 1.50% for each point of moisture removed (calculated by tenths)
drying 15.1-15.5 = $.025 / 15.6-16.0 = $.05
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 $.05 minimum (30 days)
then $.05 each month – prorated by the day
Bean storage $.05 minimum (30 days)
then $.05 each month – prorated by the day
CCC loan available with storage paid to loan maturity
2021 Fall Program Begins September 20, 2021
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 $.05 minimum (30 days)
then $.05 each month – prorated by the day
Soybeans – service charge $.05 minimum (30 days)
then $.05 each month – prorated by the day
Advance on corn up to $2.00 (before discounts) @ 6.00% per annum
Advance on beans $6.00 @ 6.00% per annum
2021 Fall Program Begins September 20, 2021
Service charge begins after the 10th day of delivery
SUBJECT TO CHANGE WITH OUT NOTICE 9/22/2021
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 09/17/21 NC bid 5.11 - May ftrs 5.38 = .27 under the May Futures
ex#2 on 09/17/21 NC bid 12.59 - May ftrs 13.03=.44 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 2022 @ 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% $0.025
14.2 0.30% $0.025
14.3 0.45% $0.025
14.4 0.60% $0.025
14.5 0.75% $0.025
14.6 0.90% $0.050
14.7 1.05% $0.050
14.8 1.20% $0.050
14.9 1.35% $0.050
15.0 1.50% $0.050
15.1 1.65% $0.055 0.15% $0.025
15.2 1.80% $0.060 0.30% $0.025
15.3 1.95% $0.065 0.45% $0.025
15.4 2.10% $0.070 0.60% $0.025
15.5 2.25% $0.075 0.75% $0.025
15.6 2.40% $0.080 0.90% $0.050
15.7 2.55% $0.085 1.05% $0.050
15.8 2.70% $0.090 1.20% $0 050
15.9 2.85% $0.095 1.35% $0.050
SUBJECT TO CHANGE WITH OUT NOTICE 9/22/2021
Delayed Pricing Cash / Contract
MT Shrink Drying Chg Shrink Drying Chg
16.0 3.00% $0.100 1.50% $0.050
16.1 3.15% $0.105 1.65% $0.055
16.2 3.30% $0.110 1.80% $0.060
16.3 3.45% $0.115 1.95% $0.065
16.4 3.60% $0.120 2.10% $0.070
16.5 3.75% $0.125 2.25% $0.075
16.6 3.90% $0.130 2.40% $0.080
16.7 4.05% $0.135 2.55% $0.085
16.8 4.20% $0.140 2.70% $0.090
16.9 4.35% $0.145 2.85% $0.095
17.0 4.50% $0.150 3.00% $0.100
17.1 4.65% $0.155 3.15% $0.105
17.2 4.80% $0.160 3.30% $0.110
17.3 4.95% $0.165 3.45% $0.115
17.4 5.10% $0.170 3.60% $0.120
17.5 5.25% $0.175 3.75% $0.125
17.6 5.40% $0.180 3.90% $0.130
17.7 5.55% $0.185 4.05% $0.135
17.8 5.70% $0.190 4.20% $0.140
17.9 5.85% $0.195 4.35% $0.145
18.0 6.00% $0.200 4.50% $0.150
18.1 to 35.0 shrink 0.15% each 1/10th
drying $0.005 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 9/22/2021
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