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Grain

Policies & Forms

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One place for contracts, policies, discount schedules, and downloads

Find the contract options, harvest policies, schedules/discounts, and forms you need to market and deliver grain with confidence.

Central United Coop serves sixteen receiving locations—Bird Island, Brownton, Buffalo Lake, Cobden, Cologne, Cosmos, Fairfax, Gibbon, Hector, Klossner, Lesueur, Litchfield, New Ulm, Sleepy Eye, and Winthrop—with 46 million bushels of combined storage.

Grain is bought/sold during CBOT hours: 8:30 a.m.–1:15 p.m. (Mon–Fri, market days).

Grain Contract Options

  • Cash

    Quoted price for a specific delivery period.

  • Forward

    Sell grain for a favorable price for future delivery.

  • Price Later / DP (Delayed Price)

    Deliver and transfer ownership to the elevator; sales price is set later.

  • Hedge To Arrive (HTA)

    Lock in futures now; set basis later (service fee may apply).

  • Average Season Price

    One contract sold weekly at Wednesday close for 26 (or 22) weeks; you receive the final average.

  • Basis

    Lock basis now; set futures later (delivery date/quantity negotiated).

  • Target Price Contract

    Set a firm offer (within six months); sale executes when the market hits your price.

  • Minimum Price Deferred Payment

    Sell cash (often around harvest) and buy call options in a deferred month to reduce storage fees (ask a merchandiser).

  • Deferred Payment

    Take payment at a future date on delivered and priced grain.

  • Open Storage

    Patron retains ownership of delivered grain. Can take a warehouse receipt, can apply to forward contracts, and can load out upon request. $.06/ Month No Minimum Charge, grain is charged a daily rate until bushels are sold.

Tools & Worksheets

Profit Analyzer and Crop Comparison Spreadsheet are available to help evaluate strategies.

Harvest Policies

Policy highlights for delivery and storage:

  • Corn — Cash/contract shrunk to 15%; DP or Open Storage shrunk to 14%. Drying: $0.055 per point with 1.4% shrink; calculated to the nearest 0.1%. 

*Corn Drying will remain at $0.055/point of moisture with a 1.4% shrink.
**Moisture discounts and shrink will be calculated to each 1/10th of a point

  • Soybeans — Moisture discounts start at 13.1%:
    • Moisture discounts start at 13.1%. Soybeans will be shrunk at 1% every .5 point of moisture over 13% to 14%. 
    • Bean Discount Schedule
    • *There will be no averaging of grades for Corn or Soybeans
  • These are bushels that the patron intends to store in their own facility or deliver somewhere else (usually HCP for our patrons) within a week. As stated above, 5 days. Custom dry corn is charged drying and shrink down to 14%. During harvest, “full storage charges” would be the 10-cent minimum if not loaded out in 5 days. And as stated above the patron is always charged a 20-cent load-out fee whenever they remove corn from one of our elevators.
  • *Custom Dried Corn must be loaded out in 5 days or full storage will be assessed on those bushels.

Harvest Policies

Profit Analyzer

Click Here To Download

Crop Comparison Spreadsheet

Click Here To Download

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