Grain - North Iowa Cooperative

NORTH IOWA COOPERATIVE

Grain Department

Cash Bids

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Futures: at least 10 minute delayed. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

NIC Grain Comments

October 26, 2019

Grain Comment Example 2

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October 26, 2019

Grain Comment Example 1

Testing grain comment example here. Testing grain comment example here. Testing grain comment exampl...

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Futures

Grain Services

Direct Ship

The producer sells directly to a processor like AGP or Golden Grain from the producer’s farms. These bushels are not delivered to the elevator.

Trucking

North Iowa Cooperative picks up grain from producers’ fields or storage bins and hauls it to the point-of-sale – either the processor or the elevator.

Automative Clearing House Payments (ACH)

ACH payments are available to grain producers when they want the proceeds from sales directly deposited into their bank accounts instead of settling sales to a traditional check.

Branch Office – MIDCO Commodities, Inc.

North Iowa Cooperative is able to offer brokerage services to producers who have set up approved accounts.

Grain Policies

All incoming grain must be stored or priced within 10 days of delivery and all grain is to be priced at location of delivery.

The harvest policy is subject to change without notice. The market scale of discounts will apply to all grain.

View 2019-2020 Harvest Policy

Grain Contracts

Basis Contract
This contract is used most when future prices are low and farmer movement is light. We lock in the basis for a specific delivery period with futures to be set at a later time.
Hedge-to-Arrive
Producers choose this contract when future prices are high and farmer movement is more active. Futures market price is locked in while leaving the basis open to be set at a later time. Service fees do apply.
Offer Contracts
This is a great option for producers not wanting to constantly monitor the market. Once the current or future cash price reaches a predetermined level, the producer sells a specific amount of bushels.
Forward Contracts
Grain is sold for a future delivery period. Cash price, quantity, and delivery period are all specified in the contract.
Deferred Payment
Arrangement whereby a producer receives payment for his products in a later tax year, allowing a producer to level out his cash receipts and reduce his incremental tax rate.
Price Later Contracts
Allows the producer to move grain without establishing a cash price. Considered a credit sale contract so ownership passes to the buyer at the time the contract is signed. Grain is subject to charges that vary with market conditions.