AVERAGE PRICE CONTRACT

How Does It Work?

Advantages

• Utilizes time of year for historically best price opportunities
• Take emotion out of pricing grain for producers
• Basis can be priced at any time prior to delivery
• Averaging eliminates risk of selling at a potential low
• Flexibility to price balance of unpriced bushels at any time

Final Outcome

Producer receives the average futures price at the end of the averaging period, minus the local basis and the service fee. 

AVERAGE PRICE CONTRACT = Average Futures Price at the end of the pricing period    -    Basis    -    $0.04 Enrollment Fee

AVERAGE PRICE CONTRACT DETAILS:

• Pricing period will be March 3^rd, 2021 – July 28^th, 2021
• Pricing occurs every Wednesday at market close
• A service fee of $ .04 / bu will be deducted off final futures price​

• Corn is based off Dec 21 futures Soybeans will use Nov 21 futures

  Deadline to Sign Up is March 1^st, 2021

  Contact your local CVC merchandiser to enroll

Change Location Chilton KIEL MISHICOT Whitelaw and Valders Cedar Grv/Random Lk

CORN   Delivery Date Futures Price Futures Month Basis Cash Price Futures Change Cash Bid 545'0s @C1K -0.40 5.05    6'6 New Crop 2021 475'6s @C1Z -0.50 4.26    7'0   SOYBEANS   Delivery Date Futures Price Futures Month Basis Cash Price Futures Change Cash Bid 1412'4s @S1K -0.60 13.53    21'2 New Crop 2021 1229'6s @S1X -0.75 11.55    10'4   WHEAT   Delivery Date Futures Price Futures Month Basis Cash Price Futures Change Cash Bid 666'2s @W1K -0.60 6.06    16'0 New Crop 2021 655'0s @W1N -0.75 5.80    12'4