United Cooperative Cash Bids
Name Delivery Start Cash Price Delivery End Futures Change
Auroraville South
Belmont
Boscobel
Denmark
Greenville
Hartford
Hillsboro
Horicon
Johnson Creek
Milton Ethanol
Oconto Falls
Oshkosh
Platteville
Pulaski
Ripon North
Ripon South
Rock Springs
Sauk City
Shawano
South Beaver Dam
Westfield

Quotes are delayed, as of May 18, 2022, 03:38:37 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 out this form and 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 Jan 30 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 grain buyer 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 for 7 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

  • Cannot benefit 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 the contracted 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 decline risk
  • 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 is forfeited
 
   

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. Click here 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 the pricing 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
Cattle Pull Back on Tuesday -

Live cattle futures posted their own Turnaround Tuesday, with losses of 17 to 65 cents in most contracts. Cash trade saw a little action at $138 in

Hogs Higher on Tuesday -

Lean hog futures were mixed, with front months up 67 cents to $2.95 and deferred contracts down 32 cents to $1.17. The National Average Base Hog

Soybeans Higher at the Close -

Soybeans turned around from overnight weakness, as contracts closed the Tuesday session with 13 to 21 21 ½ cent gains. Product values were mixed as

Wheat Posts Stronger Trade on Tuesday -

Wheat futures reversed losses from earlier this morning, with most contracts higher at close. CBT wheat was 24 to 30 cents in the front months, with

Cotton Mixed on Tuesday -

Cotton futures saw weakness in the front months on Tuesday, with contracts down 21 to 219 points. Deferred contracts were up 22 to 107 points on the

Corn Post Tuesday Losses -

Corn futures retreated on Turnaround Tuesday, with most contracts down 1 to 8 ¾ cents. The nearbys were down the most, with July leading the way 8

Full commentary...
   
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