05/14/13 3:18:16 PM|
Effective today (May 14, 2013) any grain that is delivered to any CFC or Fremar LLC location that is not priced, can be put on no charge DP storage contracts with an expiration date listed below. All bushels must be priced by the close of business listed below that corresponds with each commodity. If they are not priced prior to expiration date, they will get priced on the close of business on the expiration date. Any existing DP storage contract with an expiration date prior to the new dates will be allowed to be rolled to the new contract at the end of their current no charge DP contract. If a customer has an existing no charge DP contract that expires prior to dates listed below, a new DP contract will automatically be issued to extend the time on the contract.
Winter and Spring wheat no charge DP until June 30, 2013.
Milo no charge DP until November 15, 2013.
Corn no charge DP until November 15, 2013.
Soybeans no charge DP until October 25, 2013.
Due to a recent South Dakota court ruling, all Voluntary Credit Sale contracts (DP, Deferred Pay, Basis), the South Dakota Public Utilities Commission Warehouse Division has notified Fremar LLC and Central Farmers Cooperative that all Voluntary Credit Sales Contracts must be signed within 30 days of final delivery. If Fremar LLC or Central Farmers does not receive the signed contract at our elevator within 30 days, the bushels on these contracts must be cashed out at the closing price on that date and the check will be mailed to the producer.
Please click here for official South Dakota Public Utilities Commission Warehouse Division Ruling
May 10 USDA Grains Report
2012 Harvest Policy
FREE DELAY PRICING STORAGE AT ALL LOCATIONS EFFECTIVE SEPTEMBER 1 FOR CORN, BEANS AND MILO.
CALL YOUR LOCAL CFC LOCATION FOR DETAILS!
The CBOT has changed its trading hours effective April 7, 2013 to the following:
Sunday – Thursday Night hours are 7pm-7:45am.
Monday - Friday day hours are 8:30am-1:15pm.
Central Farmers Cooperative will continue to purchase grain for all locations while the CBOT is open and closed.
The extended hours will continue to put more volatility into the market. We would encourage our customers to continue to utilize our offer system. Your offers have the potential to be filled at any time while the market is open.
Please call your local Central Farmers Cooperative location to place your offers as well as any questions you may have.
Thanks as always for your patronage.
Please contact Kayla Witt at 605-648-3941 for any questions regarding your I-View Account!