SLC Grain        

Policies 2016                        

Effective September 1, 2016

All Grain Policies are Subject to Change Without Notice at Any Time

CORN (Discount Scale, Per Bushel)

Test Weight

  • $0.01 per lb. From 53.9 to 52.0
  • $0.03 per lb from 51.9 to 50.0
  • $0.05 per lb. From 49.9 and below

Total Damage

  • $0.01 per point from 5.1 to 7.0
  • $0.02 per point over 7.0 to 10.0
  • $0.03 per point over 10.0
  • Over 25.0 subject to market scale

 Must be sold

Heat Damage

  • $0.02 from 0.3% to 0.5%
  • $0.03 for each 0.5% above 0.5%

Foreign Material (FM)

  • $0.02 per point from 3.1% to 4.0%
  • $0.03 per point from 4.1% to 8.0%
  • $0.04 per point over 8.0%

Musty or Sour

  • $0.10 per bushel

Infested or Rodent Pellets

  • $0.10 per bushel

The following will be averaged on a settlement sheet basis: TW, Moisture, and Damage.  Damage—All loads 10.0 and below will be averaged together.  Loads 10.1 and above will be averaged together.  Odor or Infested loads will not be averaged with other loads. FM loads will not be averaged together. Corn testing positive for Aflatoxin is Subject to Rejection. Treated Grain or smoke odor grains are Subject to Immediate Rejection.

Grain Bank

The first 60 days are $0.00133 per bu. per day, then $0.001 per bu. per day for the next 305 days and then $0.001667 per bu. per day thereafter. If grain is sold out of Grain Bank, storage rates revert to warehouse storage tariff.. Hauled out charges will include a $0.10 receiving charge, a $0.10 loadout charge and warehouse storage tariff fees.  Only delivered corn is eligible for Grain Bank.  Corn must be processed at a SLC location to qualify for Grain Bank rates.

Drying Charges for Corn

  • $0.035 per bushel each 1 point of moisture removed

Averaging will exist within each settlement sheet, two or more settlement sheets cannot be averaged together.  Settlement sheets at two different locations can not be averaged together. Discounts will be calculated to the nearest 1 tenth of a percent.

Corn Moisture Maximum for Halfa is 15.5%

Corn containing moisture content above 15.5% will not be dumped at Halfa.

Shrink Factor:

  • Corn Shrink Factor will be 1.45% per point of moisture removed.
  • Warehouse corn will be shrunk and dried to 14%
  • Grain Bank, Price Later, and contracted corn will be shrunk and dried to 15%.

Weighing & Delivery Information

Before beginning delivery, customers are asked to provide scale and probe operators with the following information:

  • Customer Identification/Name(s)
  • Split between owners
  • Commodity (Beans or Corn)

It is helpful to SLC accounting personnel if tenants keep their landlords advised on the status of their joint grain deliveries.  Please advise the scale operator upon completion of a delivery.

Disposition

Customers will have 15 days from the first day of unload of delivery to specify the positioning of grain (sell, storage, grain bank, price later).  If disposition has not been specified after the 15th day priced contracts will be filled first, and the balance of grain will automatically be placed in storage.  Priced contracts will have checks issued unless customer has specified that a deferred payment is to be issued.  Last day for Deferred Payment changes will be Friday December 16, 2016.

GM POLICY: All non-approved export corn hybrids must be channeled and segregated for shipment to buyers willing to accept genetically modified grain.  StateLine Cooperative will accept genetically modified corn with notification of delivery from producers.   This policy is subject to change without notice if our buyers are unwilling to accept genetically modified corn traits.

Contract Cancellation

Seller has an unconditional obligation to deliver all of the contracted grain by the end of the Delivery Period.  Any request by the seller for a cancellation of the contract and the terms of any such cancellation will be considered by StateLine Cooperative on a "case by case" basis and there is no assurance that cancellation will be permitted by StateLine Cooperative.  In no event will a cancellation request be accepted by StateLine Cooperative if StateLine Cooperative determines, in its sole discretion, that such cancellation would have the effect of causing the contract to not be a cash forward contract.

BEANS (Discount Scale, Per Bushel)

Test Weight:  

  • $0.01 per each lb. below 54 lbs.
  • $0.02 per lb. below 52

 Total Damage: 

  • $0.02 per point from 2.1% to 5.0%.
  • $0.04 per point for each point over 5.0%

Heat Damage: 

  • $0.02 from 0.3% to 0.5%
  • $0.02 per 0.5% over 0.5%

 Foreign Material (FM): 

  • All FM over 1% will be deducted from the gross weight

Splits

  • $0.0025 each 5% above 20%

Green Beans or Beans of Other Color

  • $0.02 per point above 2.0%
  • $0.04 Per point above 5.0%

Musty or Sour

  • $0.10 per bushel

Infested or Rodent Pellets

  • $0.10 per bushel

Soybean Moisture:

Loads 13.5% and less will be averaged together.  Loads 13.6% and higher will be averaged together. 13.1% - 14.5% will be discounted @ 3% of cash price per point of moisture. 14.6% and above will be discounted @ 4% of cash price per point of moisture.  Discounts will be calculated to the nearest 1 tenth of a percent. Any loads with moisture over 15.0% are subject to rejection and if accepted will be priced at delivery.

Soybean Moisture discounts for Price Later or Warehouse settlements:

Loads 13.5% and less will be averaged together.  Loads 13.6% and higher will be averaged together.  13.1% - 14.5% will be shrunk @ 3% per point of moisture. 14.6% and above will be shrunk @ 4% per point of moisture.  Discounts will be calculated to the nearest 1 tenth of a percent.

Soybean Test Weight and Moistures will be averaged within settlement sheets.  All other soybean grade factors will be discounted on a load by load calculation.

Treated Grain or smoke odor grain are Subject to Immediate Rejection.

 Price Later Service Charge for Soybeans

  • $0.20 for 120 days then $0.0005 per bushel per day = approximately $0.015 per month Contracts expire October 12, 2017

Price Later Service Charge for Corn

  • $0.001666 per bu. per day for 180 days = approximately $0.05 per month then $0.000667 per bushel per day = approximately $0.02 per month Contracts expire October 12, 2017

 Warehouse Charges for Corn & Soybeans

  • $0.00266 per bushel per day for the first 60 days, $0.000833 per day for the next 305 days $0.001166 per day thereafter
  • $0.00266 =approximately $0.08 per month
  • $0.000833 = approximately $0.025 per month
  • $0.001166 = approximately $0.035 per month
  • Tariff charges of $0.10 IN and $0.10 OUT will be applied to any grain loaded out.

Ask about our various storage programs and On-Farm Hauling

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Armstrong       712-868-3150

Bancroft          515-885-2642

Blue Earth       507-464-3333

Buffalo Center 641-562-2404

Burt                515-924-3241

Burt Grain       515-924-3266

Burt Ag           515-924-3859

Cylinder           712-424-3335

Fenton             515-889-2251

Halfa               712-866-2671 Ext. 2

Lakota             515-886-2461

Ledyard           515-646-2135

Lone Rock       515-925-3590

Ringsted          712-866-0581

Swea City        515-272-4406

Main Office      515-924-3555

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SLC GRAIN

All SLC locations strive to provide the best in receiving service and storage space.   For information regarding hours or any aspect of SLC grain services please call the location nearest you. Visit www.statelinecoop.com for hours at “Current Hours” menu selection.