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Big River Resources Boyceville Contract Information
Big River Resources Grain- Rates/Policies
Grain Contracting Alternatives
Cash (Spot) - Producer receives the spot price at the end of the day of delivery. The only arrangements needed prior to delivery are that you are registered in our computer system. The producer can choose to receive payment for their grain or defer. State of Wisconsin deferred payment charges will apply. Call for details.
*Deferred Payment- Producer may defer payment until a date of their choosing. Earliest payment date will generally fall on the second business day of the New Year. State of Wisconsin deferred payment charges will apply. Call for details.
Forward Delivery Contract - Allows the producer to lock in a deferred cash grain price. It locks in the futures, the basis, and the delivery period.
Basis - A Basis Contract is priced in two distinct steps. The initial contract specifies the bushel amount, the delivery period and the "basis" relative to a particular futures option month. This contract allows the seller to partially lock in a future delivery price. The part of the price that is fixed is the basis. The "Basis" is the difference between the cash price and the futures on the CBOT. The futures price is to be set at a future date. Must be priced or rolled by the last business day prior to first notice day of the futures option month noted. No fees unless the contract is rolled. One roll allowed at 1c fee in addition to the futures (plus or minus) spread. Delivery of grain can be made without pricing the CBOT futures price. However, the State of Wisconsin deferred payment fee for these bushels will apply. Call for details. Title of the grain passes to the elevator upon delivery.
Futures Only (or Hedge-to-Arrive) - The Futures Only Contract, like the basis contract, is priced in two distinct steps. The initial contract establishes the bushel amount, the delivery period and the futures price. There is typically a fee for doing a Futures Only contract. Call for current fee. The basis then must be locked-in prior to delivery. Once the basis has been locked-in, the contract becomes a cash contract.