Important Notice: All unpriced grain from the previous harvest needs to be priced by September 30th.
Cash Forward Contract: This contract is the basic contract for the purchase of grain. The Producer has a specific quantity of grain and wishes to set a definite price and time period of delivery. There is no service charge for this contract. Payment to the producer will be made within the customary 7 day time period.
Storage Contract: This contract allows the producer to store their grain at our facility. The Producer may choose to remove grain from storage or sell it to the elevator at anytime during the life of the contract. Grain will be subject to storage fee of $0.04 per bushel per month to be billed out at the beginning of each month. Any grain not sold to the elevator will generate a handling/load out fee of $0.10 per bushel.
Delayed Payment Contract: This contract is similar to a cash forward contract in regards to the Producer has a specific quantity of grain, wishes to set a definite price and time period of delivery. However, the producer does not wish to be paid within the customary 7 day time period. They choose to have their payment delayed to a specific date. This is not a storage contract. The grain dealer (Buyer) becomes the owner of any grain which the producer (Seller) delivers to the grain dealer under this contract. The producer relinquishes ownership and control of the grain, and becomes an unsecured creditor pending payment.
Producer Accumulator Contract
A sale contract that prices a predetermined number of bushels each week at a premium to the CBOT.
Important Notice: Wheaton Grain Inc. participates in Wisconsin’s Agricultural Producer Security program. If we fail to return your grain on demand, you may file a claim under this program. The program may reimburse you for the loss of up to $100,000 worth of grain. For more information, you may contact the Wisconsin Department of Agriculture, Trade and Consumer Protection, 8911 Agriculture Drive, Madison, WI 53708-8911 (phone 608-244-4998).
Important Notice: Wheaton Grain Inc. participates in Wisconsin’s Agricultural Producer Security Program. If we fail to pay you for grain when payment is due, you may file a claim under this program. The program may reimburse up to 80% of the first $60,000 of your allowed claim, and up to 75% of any additional amount. For more information, you may contact the Wisconsin Department of Agriculture, Trade and Consumer Protection, 2811 Agriculture Drive, PO Box 8911. Madison, WI 53708-8911 (phone 608-224-4998).