Corn Discount Schedule SOYBEAN DISCOUNT SCHEDULE ...
2016 FALL HARVEST POLICIES Effective September 1, 2016 (Subject to change without notice)
Grain deliveries must have disposition made within 10 days of the average delivery or they will be considered stored. It is the Drivers responsibility to provide scale house and/or scale house operator with accurate information on owner/owners of the grain being delivered and/or how the grain will be divided up. Also they will need to notify the Scale house when they have delivered there last load and the disposition of grain (Store, Sell, Deferred Payment, Grain Bank, etc…) To be in compliance with state and federal warehouse agencies we will not change/reverse checks or defer payment contracts after they have been issued.
WAREHOUSE/HOUSE RECEIPT STORAGE RATES
Corn Discount Schedule
CORN .14 cents minimum for 90 days (minimum will only apply from Sept 1st – dec 31st ) .0009333 cents per bushel per day until sold
DRYING RATES Above 14.0% moisture stored = .035/bu/point rounded to the nearest tenth Above 15.0% moisture sold = .035/bu/point rounded to the nearest tenth Above 25.0% moisture sold or stored = .0425/bu/point rounded to the nearest tenth
SOYBEANS .15 cents minimum for 90 days (minimum will only apply from Sept 1st – dec 31st ) .001 cents per bushel per day until sold Storage will start on the average day of delivery GRAIN BANK CHARGES .0010 cents per bushel per day and will be moved to open storage after one year. If grain is sold out of grain bank, storage and drying will be charged in accordance with Federal Warehouse Tariff. Unprocessed grain will be subject to tariff storage rates, .10/bu in .10/ bu. Out charges. MOISTURE LIMITS CORN Warehouse 14.0% Grain Bank 14.0% Sell 15.0%
SOYBEANS 13.0% 13.0%
OATS 13.0% 13.0% 13.0%
SHRINK RATES Total Shrink = 1.4% for each 1% moisture removed All loads 16.0% moisture and below will be averaged All loads above 16.0% moisture will be averaged TEST WEIGHT: .01/bu./pound or fraction 53.9# to 53.0# .03/bu./pound or fraction 52.9# to 49.0# .04/bu./pound or fraction 48.9# to 00.0#
SOYBEAN DISCOUNT SCHEDULE
FOREIGN MATERIAL: .02/bu./point or fraction 3.1% to 5.0% .04/bu./point or fraction 5.1% to 100%
PRICED SOYBEANS Soybeans 13.5% moisture and below will be averaged together Soybeans between 13.6% and 15.0% will be averaged together Forced sale on Soybeans above 15.1% moisture
DAMAGE: .01/bu./point or fraction 5.1% to 7.0% .02/bu./point or fraction 7.1% to 20.0% .03/bu./point or fraction 20.1% to 100.0%
13.1% to 13.5% moisture = 1.5% of contracted price per bushel 13.6% to 14.0% moisture = 3.0% of contracted price per bushel 14.1% to 14.5% moisture = 4.5% of contracted price per bushel 14.6% to 15.0% moisture = 6.0% of contracted price per bushel Soybeans above 15.0% moisture subject to additional discounts and forced sale
OTHER DISCOUNT FACTORS: Sour, musty, weevily, COFO and heating will carry a .10/bu. discount Corn & Soybean damage and FM discounts are applied on a per load basis Discounts in use by grain trade on date of disposition will apply
STORED SOYBEANS 2.5% shrink above 13% rounded to the nearest tenth All loads 13.0 and below will be averaged together All loads 13.1 and above will be averaged together FOREIGN MATERIAL All foreign material in excess of 1% shall be deducted from the gross weight and will not be paid for. In excess of 5% will also be subject to additional cents per bushel discount or rejection.
Grain deliveries must have disposition made within 10 days of the average delivery or they will be considered stored. It is the Drivers responsibility to provide scale house and/or scale house operator with accurate information on owner/owners of the grain being delivered and/or how the grain will be divided up. Also they will need to notify the Scale house when they have delivered there last load and the disposition of grain (Store, Sell, Deferred Payment, Grain Bank, etc…) To be in compliance with state and federal warehouse agencies we will not change/reverse checks or defer payment contracts after they have been issued.
WAREHOUSE/HOUSE RECEIPT STORAGE RATES
Corn Discount Schedule
CORN .14 cents minimum for 90 days (minimum will only apply from Sept 1st – dec 31st ) .0009333 cents per bushel per day until sold
DRYING RATES Above 14.0% moisture stored = .035/bu/point rounded to the nearest tenth Above 15.0% moisture sold = .035/bu/point rounded to the nearest tenth Above 25.0% moisture sold or stored = .0425/bu/point rounded to the nearest tenth
SOYBEANS .15 cents minimum for 90 days (minimum will only apply from Sept 1st – dec 31st ) .001 cents per bushel per day until sold Storage will start on the average day of delivery GRAIN BANK CHARGES .0010 cents per bushel per day and will be moved to open storage after one year. If grain is sold out of grain bank, storage and drying will be charged in accordance with Federal Warehouse Tariff. Unprocessed grain will be subject to tariff storage rates, .10/bu in .10/ bu. Out charges. MOISTURE LIMITS CORN Warehouse 14.0% Grain Bank 14.0% Sell 15.0%
SOYBEANS 13.0% 13.0%
OATS 13.0% 13.0% 13.0%
SHRINK RATES Total Shrink = 1.4% for each 1% moisture removed All loads 16.0% moisture and below will be averaged All loads above 16.0% moisture will be averaged TEST WEIGHT: .01/bu./pound or fraction 53.9# to 53.0# .03/bu./pound or fraction 52.9# to 49.0# .04/bu./pound or fraction 48.9# to 00.0#
SOYBEAN DISCOUNT SCHEDULE
FOREIGN MATERIAL: .02/bu./point or fraction 3.1% to 5.0% .04/bu./point or fraction 5.1% to 100%
PRICED SOYBEANS Soybeans 13.5% moisture and below will be averaged together Soybeans between 13.6% and 15.0% will be averaged together Forced sale on Soybeans above 15.1% moisture
DAMAGE: .01/bu./point or fraction 5.1% to 7.0% .02/bu./point or fraction 7.1% to 20.0% .03/bu./point or fraction 20.1% to 100.0%
13.1% to 13.5% moisture = 1.5% of contracted price per bushel 13.6% to 14.0% moisture = 3.0% of contracted price per bushel 14.1% to 14.5% moisture = 4.5% of contracted price per bushel 14.6% to 15.0% moisture = 6.0% of contracted price per bushel Soybeans above 15.0% moisture subject to additional discounts and forced sale
OTHER DISCOUNT FACTORS: Sour, musty, weevily, COFO and heating will carry a .10/bu. discount Corn & Soybean damage and FM discounts are applied on a per load basis Discounts in use by grain trade on date of disposition will apply
STORED SOYBEANS 2.5% shrink above 13% rounded to the nearest tenth All loads 13.0 and below will be averaged together All loads 13.1 and above will be averaged together FOREIGN MATERIAL All foreign material in excess of 1% shall be deducted from the gross weight and will not be paid for. In excess of 5% will also be subject to additional cents per bushel discount or rejection.
