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2024 STORAGE, SHRINK AND PRICING POLICY 09/06/24 12:55:01 PM
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CORN:
Minimum Storage 18 Cents thru 12/31/24
Additional Storage Starting 1/1/24 3 Cents per Month thru 8/31/25
Sold Moisture 15%
Stored Moisture 14% (shrink to 14%, drying charge to 15%)
Shrink 1.4% per point of moisture (breaking on the 1/10)
Drying 4 Cents per point to 25% (breaking on the 1/2%)
Drying 6 1/2 Cents per point above 25% (breaking on the 1/2%)
CORN MOISTURE AVERAGED BY THE FARM
LOADS OVER 20% MOISTURE WILL STAND ALONE
SOYBEANS:
Minimum Storage 22 Cents thru 12/31/24
Additional Storage Starting 1/1/24 3 Cents per Month thru 8/31/25
Sold/Stored Moisture 13%
Shrink 2.3% per point of moisture to 15% (breaking on the 1/2%)
Shrink 4.0% per point of moisture above 15% (breaking on the 1/2%)
Moisture above 16%, subject to rejection
SOYBEAN MOISTURE WILL NOT BE AVERAGEDSPECIAL NOTICE ON SOYBEAN MOISTURE:
Any load of soybeans with moisture greater than 15% will be docked the standard scale of discounts and spot sold at the end of day.
The spot sale price will be ADM Decatur closing bid minus 55 cents.
PRICING POLICY:
All grain delivered on Saturdays will be assigned that day of delivery and assigned the Saturday's spot price, if grain was sold across the scales.
All grain delivered on a Sunday will be assigned the following Monday close of market spot price, if grain was sold across the scales.
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