Grain Contacts

Cash Sales & Forward Contracts

We purchase grain by cash sales and forward purchase contracts. VanTilburg Farms offers forward contracts through the next crop year. Please call if there is a particular delivery month that we do not have posted.

Basis Contract

This contract passes title of a customer's grain to the elevator, while the customer reserves the right to price his grain at a set basis, any time during the life of the contract.

Target Contracts

Target Contracts can be used to price forward contracts or to sell grain from storage. They are designed to take the emotion out of your selling decisions. Simply specify your target price, delivery period, how many bushels you want to sell at that price, and the duration of the contract (i.e. "good till cancelled", etc.). Once placed, your target order is active during both the day and overnight market sessions. There is no charge to establish target contracts, you can have multiple target orders working for you at the same time, and you can modify the target level any time before the target is achieved.

Delayed Price (DP) Contract

DP Contracts are another alternative to open storage which allow you to deliver grain to the elevator when it's most convenient, while retaining the right to set the price at a later date. Unlike open storage, however, title to the grain is transferred to the elevator upon delivery. Depending on market factors and space considerations, the service charges on price later contracted may be lower than open storage. DP corn can be priced during trading hours at our nearby bid. Delayed Price Corn cannot be applied to a forward sale contract and cannot be forward sold. Pricing must be done during CME trading hours at Buyer's posted nearby bid. Title of grain passes to buyer upon delivery.  DP rates are posted in VTF’s grain office by the scale, or you can call to ask for rates.

Minimum Price (MP) Contract

These contracts allow you to set a floor price for your grain, while keeping the option to set a final price at a later date if the market moves higher, and it is an alternative to storage. Minimum price contracts must be paired with forward contracts as well as cash grain sales. An additional advantage is the ability to cancel undeliverable portions of the contract for a pre-determined fee prior to final pricing in the event of a crop failure. Minimum price contracts involve service charges for the re-pricing and cancellation features which vary depending on the desired configuration of the contract and market factors. A target may also be placed to achieve a desired increase in the futures.