Corn Delivery Information

 

Marketing Options for Corn: Spot Price, Fixed Price, Basis, Futures Only, Price Later, Accumulators, Minimum Price, Premium Offer & Averaging Contracts.  Please call an visit so we can find the optimal contract for your marketing needs.

To Contract Corn Call Jake or Blake @ 866-436-2676

Jake Cell  712-261-2114    Blake Cell  712-261-2014

 

DELIVERY HOURS:   Please call ahead or check home page for current grain dump hours.

DISPOSTION: Please provide scale operator with accurate information regarding owner’s name or names if split. All grain delivered will be applied to any existing contracts first.  Partial load contract overrun bushels will be priced at the closing bid on the day of delivery.  Any additional deliveries will be put into Price Later. 

Price Later:  Title passes to LSCP at date of unload.  An Unload Charge and subsequent Monthly Service Charge may be charged.  All Charges will be disclosed and agreed upon at time of contract.  Corn must be priced at LSCP spot delivery price and not for forward delivery month price.  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 LSCP 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. 

PAYMENT: Checks will be issued within three business days of contract completion, if we have a signed contract on file. Deferred Payment Contracts may be made into a future for up to 12 months from delivery if arrangements are made prior to delivery of the last contracted load.

 

2 YELLOW CORN STANDARDS:
Moisture: 15.00%
Damage: 5.00%
Foreign Material: 3.00%   

DISCOUNTS RATES: Loads that are not #2-Grade subject to rejection.

Moisture18.9% 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.

Damage: 1 cent for each one-half percent over 5.01 up to 10.00 percent;
Over 10 percent subject to rejection. 

Heat Damage: 1 cent for each 1/10 of one percent over 0.5 percent;
2 cents for each 1/10 of one percent over 1 percent;
Over 3 percent subject to rejection. 

Broken Corn and Foreign Material:
1 cent for each one-half percent over three percent up to seven percent;
2 cents for each one-half percent seven percent to ten percent.

Test Weight:
1 cent for each one-half pound under 54# to 50#;
2 cents for each one-half pound under 49.99#;
Under 45# is subject to rejection. 

Musty, Sour, Weevily: 10 cents per bushel. 
CORN IS TO BE REJECTED IF EVIDENCE OF LIVE WEEVILS. 

Other:  Rodent of bird contamination, stones, glass or other commercially undesirable foreign material will be subject to rejection.