Cash Bids Announcements

Corn dump hours, Monday - Friday 7 am - 4 pm.  18.0% Moisture Maximum.  Moisture Shrink will be 1.5% for each 1% above 15.0%. Moisture shrink will continue to be applied every 1/10 of a percent.  No load averaging.  No drying charge.

Price Later – Title passes to LSCP at date of unload.  20c/bu contracting fee plus 3c/bu/mo service charge starting at date of unload until pricing.  If priced within 15 days of unload, all service charges will be waived.  Corn must be priced at LSCP spot delivery price and not for forward delivery month price.  If you wish to avoid the fees, basis contracts are available for no charge.  

Deferred Payment is available for up to 12 months from date of delivery.  January 3, 2019 will be the payment date for January 2019 deferrals.  CREDIT SALE CONTRACTS  A credit sale contract (basis, price later, & deferred payments) will be issued for which the seller is required to sign, date, and return to Little Sioux Corn Processors within 30 days from first delivery date (Iowa Code § 203.1(3)).  If any credit sale contract remains unsigned, on the 30th day from the 1st day of delivery, state law requires LSCP to price the grain and issue a check. There are no exceptions and no reversals. 

To Contract Corn Call Jake or Blake @ 866-436-2676.  Jake Cell 712-261-2114.  Blake Cell  712-261-2014.

LSCP Cash Bids
Name Delivery Start Delivery End Basis Month Futures Price Basis Cash Price Futures Change Settlement
Corn
DDGS
MWDGS

Quotes retrieved on September 20, 2018, 04:17:16 PM CDT