Offer Contract
- Producer offers to sell a specific amount of grain if the market reaches a target cash price
- Available in any bushel increment
- Available for Old Crop and New Crop Bushels
Deferred Payment Contract
- Allows the producer to sell grain now but defer income into future years for tax purposes
- Requires a specified payment date and cannot be paid out early
- Tax Law allows producers to specify income be applied to the year sold or the year deferred into even with a deferred payment contract (Please consult a Tax Professional for full details)
Minimum Price Contract
- Establishes a minimum price for the grain while giving the oppurtunity for additional value if the market rallies
- Available in 5000 bu increments
New Crop TBD (To-Be-Delivered)
- Establishes a fixed futures and basis level for grain to be delivered later
- Available in 1000 bu increments
New Crop HTA (Hedge-To-Arrive)
- Establishes a fixed futures price and leaves the basis level unset
- Available in 1000 bu increments
- Basis must be set prior to First Notice Day of the reference futures month
- Contract cannot be rolled forward to subsequent trading months
New Crop Basis-Only
- Establishes a fixed basis level and leaves the futures unpriced
- Available in 1000 bu increments
- Futures must be priced prior to First Notice Day of the reference futures month
- Contract cannot be rolled forward to subsequent trading months
All Grain Contracts are subject to a $0.30/bu cancellation fee in addition to any market variance for non-delivery.