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Dear Valued Customer,
Due to the volatility in the price of corn the last couple of years, we have decided to re-examine the way we discount corn for moisture.  A single flat price per point has proven to be inequitable at times to both buyer and seller when the value of corn reaches the extreme end of either side of the price range.
After considerable thought and discussion we have decided as of March 1st,  2012 to change our moisture discount schedule to 1.35 percent of the contract price per point.  As before, we will break it down by the tenth per point and not discount for 15.1 percent corn. This will give us a fair discount, taking into account the market price of corn and will allow for consistency in the moisture discount over time.  1.35 percent is approximately the amount of water content in a bushel of corn per point, and we feel it is a competitive number in the overall marketplace.  Corn testing higher than18 percent moisture will continue to be subject to rejection.  For more details or questions you can call us or go to our website www.bigriverbids.com .
We at Big River Resources Galva appreciate your business and look forward to serving you in the future.
 
Thank you,

Dennis R.Aupperle
Grain Merchandiser
Big River Resources Galva, LLC
1100 S.E. 2nd Street
Galva, IL. 61434-8907
 
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CORN
 
(CBOT) Last Change Prev Close
@C9Z
369'6 09/18/2019 4:09:00 AM CST
1'6
368'0
@C0H
381'4 09/18/2019 3:57:00 AM CST
1'4
380'0
@C0K
389'6 09/18/2019 3:50:00 AM CST
1'4
388'2
@C0N
396'4 09/18/2019 4:06:00 AM CST
1'4
395'0
@C0Z
406'2 09/18/2019 3:37:00 AM CST
1'4
404'6
USDA has adjusted the calculations of LDP data.
Click here for more information.
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