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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
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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