This contract prices or “locks” the basis level for the chosen deferred period. Using this contract leaves futures unpriced, exposing the producer to either upside opportunity or downside risk in futures price movements. It is important to note that the set basis level is always tied to the time of physical delivery and location. This will dictate what basis level is used.

Minimum Price Contract

This contract establishes a minimum price or price floor.

Extended Price Contract

This contract is specifically designed for those producers that would like to avoid or stop storage and “remain in the market.” Upon delivery, the producer sells at the current price and then chooses the futures reference month and locks in their futures reference price.

Bonus Premium Contract

This contract is used to enhance a cash price. The producer receives a premium for grain sold today in exchange for a potential additional sale for a deferred timeframe. If the potential additional sale is triggered, the producer will sell a quantity equal to the amount of cash grain originally sold. The additional sale is triggered if the referenced futures month is at/above the offer level at expiration. If the referenced futures month settles below the offer level at expiration, no additional sale is triggered, and delivery is not required. Increments of 5,000 bushels required. Can be used with corn or soybeans.

Warehouse (Open) Storage

This contract allows the producer to physically move grain while maintaining ownership of the grain.

Price Later Contract

This contract allows the customer to physically move grain without having to sell or price the grain.

Offer Contract

This contract allows the producer to work targeted price levels on all cash or forward sales.

Cash Sale Contract

This is what grain is worth “today.” These contracts are used to sell grain that is at Landus on Warehouse (Open) Storage, Price Later, or for grain that is to be delivered. The advantage of selling corn before putting it in storage is that sold corn is shrunk to 15% moisture instead of 14% after being placed on storage.

Forward Sale Contract

This contract allows the producer to sell grain for a future delivery period. Both futures and basis are locked in the contract along with the quantity of bushels. These contracts are especially useful for locking in attractive prices ahead of delivery. Any variance from the contracted terms must be agreed upon in advance by the buyer and seller. The grain must be delivered regardless of yield or quality concerns.

Futures Only

This contract prices, or “locks,” the futures price for the chosen delivery period. Using this contract leaves basis unpriced, exposing the customer to either upside opportunity or downside risk in basis price movements. It is important to note that the set basis level is always tied to the time of physical delivery and location. Futures Only Contracts may be rolled to pick up market carries but must be kept in the same crop year.

Offer Contract

This contract allows the producer to work targeted price levels on all cash or forward sales. These orders should be placed above the market in hopes that the market rallies enough to trigger the contracts. The producer needs to decide at what price to put in the offer. The expiration date for a cash offer is set by the producer. Expiration date for a futures only offer is valid for 30 days. These contracts are free and can be cancelled at any time prior to the contract triggering.