Before you sell your corn or soybeans, consider all of your options.
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.
It is hard to believe that we have already made it through almost five months of 2023 and that planting is in full swing across most of our trade area. It seems like we were getting ready for harvest yesterday, but time sure flies when you are having fun!
Planting has started across our state, with planters rolling as the weather allows. Markets currently reflect expectations of a potentially large crop coming. Only time will tell us if that is truly the case. Currently, the market is telling us it wants the crop moved sooner than later, with premiums in corn and beans reflected in most markets.
Thank you for taking the time to read through our May customer newsletter and related company insights. The cooperative is built on seven core principles, which allows for each member to work together fairly and equitably. This business model creates the opportunity for more buying power and the ability to offer products and services at a competitive rate and should help each member be more financially successful. Despite a challenging year dealing with supply chain, logistics, and inflation issues, your cooperative is well-positioned financially into 2023.
United Cooperative is teaming up with Barchart and their online grain management system. cmdtyMarketplace allows farmers to create and manage online offers with United Cooperative. The system allows you to create and cancel your offers, sign up for text and/or email notifications for offer order changes. It even allows you to download and sort reports of your current offer activity and history. Login Register
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).
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.