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How much Corn & beans are commited to deferred price contracts?
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Cat33
Posted 10/24/2015 07:38 (#4855189 - in reply to #4854857)
Subject: RE: How much Corn & beans are commited to deferred price contracts?


NE SD
Dummied up version of DP here: Free DP for 2 Fridays. If you take it in on a Monday, you get the current week and the next week to decide to sell or not, after that it goes into paid storage at whatever rate it is they have at the time. If you bring it in on a Friday, you get that day and the following week. For arguments sake lets say a nickel per month, but you're charged for a minimum of 6 months up front after the free part of it if you don't sell.

There is no set amount, you sell whenever you want, bring in however much you want. They have the grain straight out of the fields. You can sell 1,544 bushel one day, wait a few and sell 3,001, or whatever amount you want. You get the check when you sell, they can sell your grain or ship it whenever.
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