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News Releases
Clara City Comments 01/19/2018    |    CASH BIDS 01/18/2018

                         Clara City Comments 01/19/2018                        
                                                                               
                                 *************                                 
                                                                               
              2017 FALL CORN DRYING & CORN/BEAN STORAGE PROGRAMS               
                          EFFECTIVE SEPTEMBER 29, 2017                         
                     (SUBJECT TO CHANGE WITHOUT NOTICE)                        
                                                                               
                                      ---                                      
                                                                               
              ***Roll intentions must be given on HTA Contracts                
         prior to delivery or basis will be set in 5,000 BU increments         
             upon delivery if not done prior.  One roll is allowed             
                   per Crop Year by or before First Notice Day.                
                                                                               
                                      ---                                      
                                                                               
     CORN DRYING: $.040 each point of moisture removed                         
           15.1-15.5= $.02/BU, 15.6-16.0= $.04/BU, >16.0 calculated by tenths  
     CORN SHRINK: 1.5% for each point of moisture removed                      
                  (Calculated by tenths of a point)                            
              REDELIVERY: $.20/BU (ex: calibrating dryers, etc.)               
                                                                               
                                      ---                                      
                                                                               
     BEAN SHRINK: 1.5% for each Half Point of moisture removed up to 15.00     
          (= 3%/Full Point)                                                    
                                                                               
          13.01 - 13.50 = 1.5%                                                 
          13.51 - 14.00 = 3.0%          (No drying charges,                    
          14.01 - 14.50 = 4.5%           all taken as shrink)                  
          14.51 - 15.00 = 6.0%                                                 
         *15.01 - 15.50 = 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: $.04 for the first 30 days, then                   
                        $.04 per month prorated by the day                     
                   CCC Loans available with storage pre-paid to loan maturity  
                                                                               
           Delayed Pricing Agreement:                                          
                          (DPA grain cannot be transferred to whs              
                           rcpt, open store, grain bank or be                  
                           redelivered after 10 days)                          
                Corn - shrink and dry to 14%                                   
                Beans - shrink to 13%                                          
                   Service Charge: $.04 for the first 30 days, then            
                        $.04 per month prorated by the day                     
                Service charges go into effect 10 days after delivery          
                Advance on Corn: Up to $1.70 (before discounts) @ 6%/yr        
                Advance on Beans: Up to $5.00 @ 6%/yr                          
                                                                               
           Basis Contract:                                                     
                Corn - shrink and dry to 15%                                   
                Beans - shrink to 13%                                          
                   No Storage Charges                                          
                   Advance on Corn = $1.70 less all discounts including drying 
                   Advance on Beans = $5.00                                    
                   No interest on corn or bean advances                        
                   Pricing by contract written                                 
            Ex 1: on 09/28/17 N/C bid 2.78-May ftrs 3.74 = .96 under May ftrs  
            Ex 2: on 09/28/17 N/C bid 8.68-May ftrs 9.88 = 1.20 under May ftrs 
            In both examples the contract would have to be priced or rolled on 
            or before the last day before the month owned - 1 roll is allowed  
            on a basis contract - you are at risk to whatever the futures do   
                                                                               
           Minimum Price Contract:                                             
                Corn - shrink and dry to 15%                                   
                Beans - shrink to 13%                                          
                   No Storage charged                                          
                   Take all money this year or next (Defer to 2018 @ 0%/annum) 
                   Sell New Crop grain & buy call options in Dec, Mar, May     
                   &/or July.  This would put a floor on your grain price but  
                   allow you to participate in part of a market rally.         
                   Purchasing options should be viewed the same way as an      
                   insurance policy.                                           
                   $.03 Administration Fee                                     
                                                                               
                    (SUBJECT TO CHANGE WITHOUT NOTICE)                         
                                                                               
                                                                               
                                 *************                                 
                                                                               
                             FREE DPA ON CORN                                  
                       EFFECTIVE MONDAY, FEBRUARY 13, 2017                     
                                                                               
***If not priced by 10/20/17...a $.10/bu minimum and $.04/bu per month prorated
by the day service charge will accrue (from 10/20 - not from the 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. Please call before you haul - the CORN       
program will likely be intermittent depending on space availability.  Also,    
please consider using this opportunity to manage your bin space and quality    
going into the spring warm-up.                                                 
                                                                               
***Subject to change without notice.                                           
                                                                               
                                 *************                                 
                                                                               
                             FREE DPA ON SOYBEANS                              
                       EFFECTIVE MONDAY, JANUARY 30, 2017                      
                                                                               
***If not priced by 10/20/17...a $.10/bu minimum and $.04/bu per month prorated
by the day service charge will accrue (from 10/20 - not from the 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.                                           
                                                                               
                                 *************                                 
 
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