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AVERAGING CONTRACT 2024

Starting soon

Pricing period April 12th 2024 – July 12th 2024 

Frequency: Daily

Cost: 7 cents / Bu

Historically seasonal highs are from April to July.  This strategy can take advantage of those potentially higher seasonal values.

How it works:

For a 1,000bu contract. Each day the market trades roughly 16.4 bushels will be priced at that day’s closing price. On the last settlement day, you will have one contract for 1,000 bushels at the average futures price. Increasing your contract amount increases your number of daily bushels priced, i.e. 5,000bu in would price roughly 81bu a day.  Contracts below 5,000bu will be converted to a Cash Buy contract with basis/delivery set to your choice of our three locations.  Contracts over 5,000bu will also have the option to be converted to a HTA (futures Only contract) with an open destination, meaning it can be delivered as a Cash Direct to any processor or rolled to the next futures month. Contracts converted to a HTA will be subject to conditions of that contract.

View More Information Here

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2024 PRICE LATER

PROGRAM

DEC 11, 2023 – SEP 30, 2024

Applicable only to bushels delivered on or after Dec 11, 2023

 #2 Yellow Corn or Better
15.0% or less moisture
If over 15.0% regular shrink and drying cost applies

Soybeans
13% or less moisture
If over 13.0%, regular shrink cost applies

NO Storage or Service Fees

 Must be priced before 12:00 pm on September 30th 2024

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Tama Benton offers a wide variety of contracts including Hedge to Arrive, Averaging, Accumulators, and Bonus Premium.

Please call for quotes. 

 

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Tama-Benton Cooperative Locations and Office Hours 

 

Dysart- 319-476-3666

Office Hours

Monday-Friday 8:00-4:30

 

Vinton 319-472-4791

Office Hours

Monday-Friday 8:00-4:30pm

 

Clutier 319-479-2242

Office Hours

Monday-Friday 8:00-4:30pm 

 

All Grain Settlements are now completed at the Clutier Office. For your convenience Grain Checks and Contracts may be printed at all  locations. 


 CR PROCESSOR HOURS   

 

WEDNESDAY APRIL 17TH

ADM:  5AM-5PM

INGREDION:  CLOSED

STARCH:  7AM-5PM

CARGILL BEANS:  6AM-5PM
(SCHEDULING REQUIRED)

 

THESE HOURS ARE POSTED FOR YOUR CONVENIENCE. SUBJECT TO CHANGE WITHOUT NOTICE.

BE PREPARED FOR EARLY CLOSING WITHOUT NOTICE DUE TO WEATHER, FLOODING, OR DOWNTIME.

 

   

 

 

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Quotes are delayed, as of April 16, 2024, 05:24:21 PM CDT or prior.
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319-472-4791



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