Premier Cooperative

Contracts

Contracts Available to patrons

  • basis

    • The difference between a Chicago Board of Trade futures price and a cash price. (Not profit)
  • contract

    • A genuine mutual agreement between two or more competent parties to do or not to do something that is lawful for a sufficient consideration; it is an agreement which, when violated, will support the award of damage to the injured party.
  • Spot contract

    • Price at the close of market day used in pricing grain delivered with no contract.
  • forward contract

    • A contract for a specific time shipment and price in the future.
  • basis contract

    • A contract for which the basis has been fixed, or predetermined, in the contract. Normally a delivery date is also established at this time.
  • NBE contract

    • A contract for which the futures has been fixed for a established time of delivery of grain and the basis to be set any time before delivery.
  • Deferred payment

    • A contract to pay a specified price at a specified time for grain that has already been delivered and priced. (Is used by the farmer to defer income.)
  • price later

    • Grain delivered with a price to be established by a set time. (Sometimes for a set charge.)
  • warehouse receipt

    • Negotiable document, issued in Certificate form by the warehouseman in receipt for grain received and can be used as collateral or security.
  • open storage

    • Grain stored under informal agreement with a storage facility or local grain elevator.
  • minimum price contract

    • A relatively new cash grain marketing practice which has developed since the introduction of option trading. It is essentially a forward contract with a guaranteed minimum price per bushel. To do this, the elevator normally buys a call and lowers the cash price by the cost of the call.
  • offer

    • A binding contract between the buyer and seller for a specified amount of grain if a set price is reached for a specific shipment period, by a set date, unless
      cancelled.
  • CHS Compass contracts

    • Are innovative grain and energy contracts that rely on over-the-counter (OTC) derivatives to manage price risk. Some contracts provide market protection using averaging techniques, while others more closely resemble exchange traded options with non-traditional expiration dates.
  • crossover solutions

    • Crossover Solutions from AgriVisor allow producers to diversify the way they manage price risk more effectively.
      Our products enhance marketing plans that range from basic, intermediate, and advanced.
  • crossover solutions insight

    • Crossover Solutions Insight are innovative cash grain contracts that allows producers to diversify the way they manage price risk with the analytical specialist you choose to price your grain.
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CORN SOYBEANS WHEAT, SRW
Price (+/-) Price (+/-) Price (+/-)
12/31/18 3.58
-0'6
Chart 8.59
1'2
Chart    
1/31/19 3.58
-0'6
Chart 8.59
1'2
Chart    
2/28/19 3.60
-0'6
Chart 8.61
0'6
Chart    
3/31/19 3.62
-0'6
Chart 8.61
0'6
Chart    
4/30/19 3.62
-1'0
Chart 8.67
0'6
Chart    
5/31/19 3.62
-1'0
Chart 8.71
0'6
Chart    
6/30/19 3.64
-1'0
Chart 8.74
0'6
Chart    
7/31/19 3.67
-1'0
Chart 8.77
0'6
Chart    
10/31/19 3.69
-1'2
Chart 9.11
0'0
Chart    
11/30/19 3.69
-1'2
Chart 9.11
0'0
Chart    
12/31/19 3.73
-1'2
Chart 9.13
-1'4
Chart    
1/31/20 3.74
-0'6
Chart 9.18
-1'4
Chart    
3/31/20 3.77
-0'6
Chart 9.22
2'6
Chart    
5/31/20 3.81
-1'2
Chart 9.25
2'6
Chart    
7/31/20 3.85
-1'0
Chart 9.27
-1'0
Chart    
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Humboldt, IA
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Fort Dodge, IA
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