United Cooperative Cash Bids | Name | Delivery Start | Cash Price | Delivery End | Futures Change | | Auroraville South | | Belmont | | Boscobel | | Denmark | | Greenville | | Hartford | | Hillsboro | | Horicon | | Johnson Creek | | Oconto Falls | | Oshkosh | | Platteville | | Pulaski | | Ripon North | | Ripon South | | Rock Springs | | Sauk City | | Shawano | | South Beaver Dam | | United Ethanol Milton | | Westfield |
Quotes are delayed, as of June 08, 2024, 05:19:41 AM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted. | | Grain Offer Systems | Login | Register |
United Cooperative is teaming up with AgriCharts' and their online grain management system. The Grain Offer System (GOS) allows farmers to create and manage online offers with United Cooperative. The system allows you to create and cancel your offers, sign up for text and/or email notifications for offer order changes. It even allows you to download and sort reports of your current offer activity and history. Want to get your grain settlements faster?
Fill outthis formand get your grain checks automatically deposited and your settlements emailed to you. Total Farm Marketing by Stewart-Peterson Managed Contracts
Bushels are professionally managed by Total Farm Marketing (Stewart-Peterson), with the futures price to be determined over various time periods (stored crop, 1 year new crop, and 2 year new crop). The basis is set by the producer at any time prior to, or automatically at delivery. *Sign up deadline is Sep 25 annually for October start date contracts, and Jan30 annually for February start date contracts. Advantages - Strategic approach to manage market risk, while capturing opportunity
- Set it and forget it
- Professional management by a team of analysts
- Opportunity to diversify marketing strategy
- Ability to capture basis movement
Disadvantages - Limited sign up period
- Risk basis changes
- During the pricing period, there will be instances when other contract options are better vs. the final average price
- $0.08 - $0.12 service fee to establish the contract (payable at delivery as deduction from check)
Grain Delivery | Delivery Procedures | | | - Have your tarps rolled open before proceeding to the scale or probe
- Driver must know/inform scale to account/name and application method to which the load should be applied. Prior to leaving, review the ticket for accuracy and immediately have corrections made if necessary
- Notify the grainbuyer prior to delivery if payment is not desired this year and you wish to have it held/deferred.
| | | Grain Delivered will be applied to contracts first. Grain balances above contract amounts have the following choices for application: | | | | Cash/Spot: The bushels designated will be sold at the current market price (Subject to change during CBOT trading hours). Contact a buyer if you wish to have your grain spotted upon delivery. 7-Day Hold: Delivered Grain is held for7 days without storage charges, after which charges will begin to accrue. Grain that is not contracted, sold, or instructed to be placed in grain bank during this period will be placed in storage. Storage (Open Storage): Grain designated for storage will be assessed the applicable storage fees, including minimums and may have additional drying & shrink. Grain Bank: Grain designated for grain bank is for feed purposes with applicable storage fees and may have additional drying & shrink. | |
Grain Purchase Contracts | - All Purchase Contracts have only standard drying & shrink policies applied and no storage fees
- Grain Ownership is transferred immediately to United Cooperative upon delivery
- All contracts will be confirmed in writing that must be signed and returned to United Cooperative.
| | | | Fixed (Forward) Price Contract: Used to lock in a price for a specific quantity, future delivery period, and location. | | | | | Advantages - Can capture favorable prices when grain is not immediately available for delivery
- Simple and easy to understand/use; all aspects of the contract are established
| Disadvantages - Cannotbenefit from additional improvements in price
- Delivery is required regardless of yield or quality concerns
| | | | Basis Contract: Bushels are sold (specific quantity, delivery period, location) with only the basis established. The producer can set the futures at any time prior to the first notice day for thecontracted futures month (or it will be automatically set at noon). | | | | | Advantages - Allows producer to lock in a basis and eliminate downward basis risk.
- Still have opportunity to capture positive futures movement.
- While waiting to set contract futures price, the producer can receive a 70% cash price advance. (i.e. 3.50 cash = 2.45 advance)
- Contract can be rolled once within the same crop year ($.03 roll fee) with the basis adjusted according to the spread between the different futures months.
- Basis will narrow if there is an inversion in the market when rolled
| Disadvantages - Cannot take advantage of basis improvements
- Risk downward movement of CBOT futures prices
- Producer maintains responsibility to follow market to set desired futures price
- Basis may widen when rolled if there is a carry
- If an advance is received and the current cash value falls below the advanced amount, the producer will be responsible to reimburse the difference to United Cooperative
| | | | Futures (Hedge to Arrive) Contract: Bushels are sold (specific quantity, delivery period, location) with only the futures price established. The producer must set the basis prior to or automatically at delivery | | | | | Advantages - Allows producer to lock in a futures and eliminate downward CBOT risk
- Still have opportunity to capture basis improvements
| Disadvantages - Can not take advantage CBOT futures price increases
- Risk basis changes
- $.05 services fee to establish the contract
| | | | Minimum Price Contract: Bushels are sold (specific quantity in 5000 bu. increments, delivery period, location) as a cash sales with the cost of an option and service fee deducted. | | | | | Advantages - Eliminate price declinerisk
- Still have opportunity to capture positive CBOT movement
- All costs/fees are fixed and determined at the time the contract is written based on option chosen by the producer
| Disadvantages - Cost of option may exceed storage fees
- Cannot capture positive basis movement
- Requires selling in 5000 bu increments
- $.01 service fee to establish the contract
- Must complete pricing before deadlines or premium isforfeited
| | | | Average Price Contract:Bushels are sold (specific quantity, harvest delivery, location) with the futures price to be determined based on a 22 week average. The basis is set by the producer at any time prior to or automatically at delivery. Clickhere for more information. *Sign up deadline is January 28th, 2020 | | | | | Advantages - 22 week period occurs during a historically favorably pricing period
- Disciplined marketing approach
- Easy to follow
| Disadvantages - Limited sign up period
- Risk basis changes
- During thepricing period, there will be instances when other contract options are better vs. the final average price
| | | These descriptions are for your convenience only. Information provided is not all inclusive, binding, or guaranteed. Any fees, contract availability , and/or terms detailed may change at any time. Contact your local elevator for further details and marketing needs. | |
Ag Market Commentary Cotton Finishes in the Hole, Down 3.03% for the Week - June 07, 2024 Cotton traders settled 71 to 160 points lower on Friday. A sharply stronger US Dollar Index was among several factors encouraging some profit Hogs Stabilize Late Week, Still Down 1.9% from Friday to Friday - June 07, 2024 Lean hogs ended Friday with some contracts up on the day and others lower. Overall changes were -$.10 to +$.52. Front month June was down $1.82 Cattle Futures Settle Mixed, CFTC Confirms Funds Were Trimming Longs - June 07, 2024 Live cattle futures settled mixed, down 30 cents to up 35 cents. The June 182 calls ended up in the money at expiration, while the 182 puts expired Soybean Futures Give Back Most of Their Thursday Gains - June 07, 2024 Soybean futures were down 9 ¼ to 20 ¾ on Friday, with the old crop contracts giving back nearly all of their impressive Thursday gains. Soymeal Wheat Retreat Continued on Friday - June 07, 2024 Wheat futures were down by a dime of more per bushel in all three US futures markets. There is a well worn axiom that says “Wheat takes no Corn Fades Thursday Gains, Posts Small Advance for Week - June 07, 2024 Corn prices rallied from intraday lows, settling 1 ¾ to 3 ¼ lower as traders headed home (or left their home office) for the weekend. The rebound Full commentary... | | | | How to use our map | | | Map View:
| | List View: | | | - use your mouse or finger to click and drag the map to your desired area.
- scroll or use the +/- buttons on the map to zoom in to view all departments offered at that location.
- Once you find your location/division, click on the map label and the location's information will pop-up.
| | - Click on the
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- scroll to your division and locations are listed below.
- Click on thespecific location for more information
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button in the top left corner of the map.