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Contract Options

Delivery Options

Marketing strategies for every grower

United Cooperative has gone to great lengths to make sure our grain receiving facilities are in the right locations for the majority of our member-owners. We keep our handling and storage equipment clean and in good working order to minimize hiccups during the critical fall harvest season, and offer extended grain delivery hours and extra help to keep our local harvest rolling.

For grain customers who use forward-pricing strategies, we can help you with your marketing plans and order placement, or execute orders and deliveries from your outside marketing firm. Our goal is to work with you in any capacity that makes the most sense for your operation. Click below for contracting options or to find a location near you.

CONTRACT OPTIONS GRAIN LOCATIONS

Grain News

Looking to 2025: Trends in Corn, Soybeans, and Global Trade

Dec 18, 2024 | United Cooperative-Beaver Dam

This month’s 2024/25 U.S. corn outlook is for greater corn used for ethanol, larger exports, and lower ending stocks. Corn used to produce ethanol has raised 50 million bushels to 5.5 billion. This data implies corn used for ethanol during the September to November qu...

Letter from the CEO

May 01, 2024 | United Cooperative-Beaver Dam

With 2023 completed, I want to reflect on the tremendous momentum we have experienced this year. Our employees and facilities functioned at a very high level, creating growth, and timely service. I want to thank the employees for their commitment and dedication and our member/own...

Marquis and United Cooperative announce the sale of Marquis’ Necedah, Wisconsin, Ethanol facility to United Cooperative

Apr 16, 2024 | United Cooperative-Beaver Dam

NECEDAH, WISCONSIN Today, Marquis and United Cooperative announced the sale of Marquis’ Necedah, Wisconsin, ethanol facility to United Cooperative. The facility will operate under the new name of United Energy Necedah LLC. The asset sale will be effective May 31, 2024,...

Budgeting with Low Grain Prices

Feb 19, 2024 | United Cooperative-Beaver Dam

With the drop in corn and soybean prices from last year it is very tempting and sometimes necessary to cut back on inputs in response to declining revenues. This, however, often becomes a double-edged sword. While saving money you might be costing yourself significant income. The...

More News

Contract Options

All purchase contracts have only standard drying and shrink policies applied and no storage fees.
Grain ownership is transferred immediately upon delivery to United Cooperative.
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	Disadvantages
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	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

Disadvantages

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

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	Disadvantages
Allows producer to lock in a futures and eliminate downward CBOT risk Still have opportunity to capture basis improvements	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	Disadvantages
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	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, 2025.

Advantages	Disadvantages
22 week period occurs during a historically favorably pricing period Disciplined marketing approach Easy to follow	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

IMPORTANT NOTICE: Agri-Producer Security Fund Notification

United Cooperative 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 provide some compensation. However,our “estimated default exposure” exceeds program coverage, and we have not filed security to cover the difference, so compensation may cover only a portion of your loss. For more information, you may contact the Wisconsin Department of Agriculture, Trade and Consumer Protection, 2811 Agriculture Drive, P.O.Box8911, Madison, WI 53708-8911 (phone 608/224-4998).

Delivery Options

Delivery Procedures

Have tarps rolled open before proceeding to the scale or probe.
Driver must know/inform scale operator of the account/name and application method to which the load should be applied. Prior to leaving, driver should review the ticket for accuracy and immediately have corrections made, if necessary.
Please notify United Cooperative prior to delivery if you wish to have payment held/deferred.

Contract Grain: Grain delivered will be applied to any contracts first, starting with the oldest contract written. No early delivery of contract grain is allowed unless prior approval has been made. 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: There is a 7-day (calendar days) hold period for which grain can be delivered without storage charges accruing within the 7 days. Grain that is not sold within 7 days will be put into storage, and the storage start date reverts to the date of delivery. The 7-day hold applies to each load delivered.

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 Discounts

Corn Discount Schedule - updated 2/18/2025 effective 3/1/2025

Soybean Discount Schedule - updated 2/18/2025 effective 3/1/2025

Wheat Discount Schedule - updated 2/18/2025 effective 3/1/2025

Grain Settlement Checks

To increase efficiency, effective January 1, 2025, all grain settlement checks will be printed out of our Ripon South location twice weekly (Monday & Wednesday). ACH payments will be processed three times a week (Monday, Wednesday, and Friday). This will include all January 2^nd payments. If you would like to sign up for ACH, you can get a copy of the form below to complete and return to any United Cooperative office. A reminder that there is a 14-day lost check policy before we will reissue the payment. We appreciate your business and look forward to a successful harvest.

Grain ACH Form

Proof of Yield Request Form

In order for United Cooperative to give out crop information for insurance purposes, we need the request form below filled out and returned.

Proof of Yield Form

Grain Locations

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Grain Team

Corey Austin

Location Manager | Western Region

Kevin Beth

Location Manager | Western Region

Claude Christie

Location Manager | Eastern Region

Connie Klettke

Location Manager | Central Region

Steve LaChey

Grain Location Manager | Central Region

Kyle Markiewicz

Location Manager | Northern Region

David Olson

Location Manager | Central Region

David Stoney

Location Manager | Western Region

Bryce Williams

Grain Originator | Eastern Region

Julie Zimmerman

Location Manager | Central Region

Scott Riley

Location Manager | Western Region

Aaron Rosner

Location Manager | Northern Region

Wade Schaumburg

Location Manager | Eastern Region

Steve Timp

Grain Originator | Western Region

John Wall

Vice President - Western Grain Operations

Getting Started

The first step in selling grain at United Cooperative is filling out a brief membership or credit application.

Our Grain ACH Form allows you to receive automatic deposits of grain settlements. The direct deposit is typically seen within 24-48 hours of payment. To set up automatic deposits, download and complete the Grain ACH Form.

CREDIT & FINANCING