Grain Policy

Corn Harvest W
Grain With Hands

Spot Bushels

  • GFE accepts spot bushels as long as we are posting a cash bid for the current month.
  • Spot bushels will either automatically be priced at the end of the day or priced as the bushels come across the scale. To have bushels priced across the scale, contact one of the grain originators.
  • All overrun is Automatically priced at the end of day.
  • All grain must either be paid or deferred within 30 days of delivery.

 

Cash Contracts

  • Forward sell the contract bid in the future months
  • Quick, simple, easy to record
  • All grain must either be paid or deferred within 30 days of delivery.

 

Futures Only Contract

  • Satisfied with the current futures price? Use this contract to lock in the board price while waiting to set the basis at a later date.
  • We offer futures-only contracts (HTA's) at no upfront fee to you.
  • Rolling is allowed at a fee of 2 cents per roll.
  • You cannot roll through a crop year.
  • Once basis is set no rolling is allowed.
  • All grain must either be paid or deferred within 30 days of delivery.

Basis Contract

  • Satisfied with the current basis? Use this contract to lock in the current basis while waiting to set the futures price at a later date. Leaves the ability open to participate in a potential futures board rally. Futures must be set prior to or on first notice day of the underlining futures month.
  • Neither futures or basis can be rolled.
  • No cash advance.
  • Sold in 5,000 bushel increments.
  • All priced bushels must either paid or deferred within 10 days.

 

JSA Select Pricing

  • In this program, the professionals at John Stewart & Associates are tasked with the responsibility of setting the futures price for a producer's forward cash contract. This converts to a futures-only contract at the end of the pricing period. The producer is responsible for setting the basis.
  • Sold in 5,000-bushel increments. Four programs - Fall, Winter, & Summer program along with a 2nd-year fall.
  • Rolling is allowed at a fee of 2 cents per roll.
  • You cannot roll through a crop year.
  • Provides a diversified marketing option.
  • All priced bushels must either paid or deferred within 10 days.
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