2017 Discounts & Rates

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Corn Drying Rates

• 2.75 cents per point of moisture removed (figured to the 1/10th percent)
• Corn is dried to 15% moisture for sales, basis contracts, and DP, and 14% moisture to store
• 1.35% total shrink

Bean Moisture Discounts

• 1% of price each ½% moisture over 13% to 15%
• 2% of price each ½% moisture over 15%
• Over 17% is subject to rejection

Storage Rates

Corn:  

Minimum storage:        16.00 (cents)

After the first 90 days, storage accrues daily at .0008 per day. Minimum will buy you 90 days of storage based on the weighted average delivery date.

Beans:          

Minimum storage:          19.00 (cents)

After the first 90 days, storage accrues daily at .001 per day. Minimum will buy you 90 days of storage based on the weighted average delivery date.

Warehouse Receipt

When grain is sealed and a warehouse receipt is issued; storage, freight and drying must be paid in advance. A warehouse receipt will not be issued if this is not done. If you are not sealing your grain, you do not need a warehouse receipt. Your scale tickets are proof of storage.

Delayed Price

Corn:  

25.00 cents flat until September 30th. Must price using spot month bid.

Beans:

25.00 cents flat until September 30th. Must price using spot month bid.

Declaration of Grain

All grain delivered to TriOak facilities must be declared as sold (contract/spot) or stored by Monday evening of the week following delivery. If no declaration is made at or prior to that time, grain will automatically be placed in storage.