Due to the continual spread by contact of the Covid-19 Virus we will be closing the offices for public entry effective Monday the 23rd of March 2020. We will keep the doors locked until Governor Burgum lifts some of the statewide closures he has enacted. We will conduct all business via telephone, email, USPS. If you need something immediately we will be staffing all of our facilities and would be happy to leave it outside for you. We are putting our best effort forward to keep your company operating. We are staffed very lean and if one of us gets the virus it will shut the company down for a long time. These measures will hopefully help prevent the spread and the closure of this company.
We are asking all drivers to remain in their trucks during this time. We will hand them their tickets before they leave.
We are living in a time that none of us have ever experienced. A changing world as we once knew it. With your help we can try and minimize the risks to your families as well as ours.
Thank You & God Bless
Todd Dravland (GM)
Price Later - Free
FREE PRICE LATER
Effective February 1, 2020
SOYBEANS / CORN Must be sold by 8-31-20
Wheat Must be sold by June 6-30-20
******************************************************** Priced Later Bushels CANNOT Be Applied to forward delivery contracts!
The CBOT electronic grain trading hours: Sunday 7:00 pm to Monday 7:45 am Monday to Friday 7 pm to 7:45 am Daily 8:30 am to 1:15 pm Daily (trading closed 7:45 to 8:30 a.m. and 1:15pm -7pm weekdays) (Central Time)
HEDGE TO ARRIVE (Futures Fixed) SERVICE FEE SCHEDULE Effective February 22, 2018
Wheat - Corn .005 cents per bushel each futures month past current futures trading month. Soybeans .01 cents per bushel each futures month past current futures trading month. Example: Dec futures (current trading month) = 0 March futures = .005 or .01 cents/bushel May futures = .01 or .02 cents/bushel July futures = .015 or .03 cents/bushel Etc... One futures roll allowed per HTA and/or Basis Set Contractat a fee of 2 cents/bushel. All HTA &/or Basis Set contracts are to be final priced in current marketing year. ANY QUESTIONS, PLEASE CALL
OVER-THE-COUNTER FUTURES CONTRACTS Farmer's Co-op Elevator in conjunction with INTL FC Stone Financial, Inc. is now able to offer Producer Accumulator Contracts. These contracts price bushels on a weekly basis, yet give protection of a floor price, giving the producer a great marketing tool.
Producer Accumulator with Euro Double Up (DU) is a grain contract based on over-the-counter (OTC) derivatives to manage price risk. Each week the futures contract is above the knock-out level, 100% of the weekly quantity is priced at the accumulation level. At expiration, if the futures contract settles above the accumulation level, and a barrier event has not occured, the quantity is doubled at the accumulation level.
Producer Accumulator with Euro Double Up (DU) Knock Out (KO) and Guaranty Quantity has the same features as the Producer Accumular with Euro Double Up but also includes a guaranty level. If on any date between the trade date and end date the futures settle at or below the knock-out level, the accumulation ceases, and the remaining quantity is priced at the guaranteed level.
Contact Todd for information on our OTC contracts.