Cash Bids

AVERAGE PRICE CONTRACT

How Does It Work?

Producer commits a number of bushels of corn or soybeans for new crop delivery at a set Country Visions location. Country Visions will price your bushels in equal increments during the averaging period to create the average futures price. Pricing will occur at the market close every Wednesday. Producer can price the basis on these bushels at any time prior to delivery. Producer may also price the unpriced balance of bushels at any time throughout averaging period. The cost of the program is 4 cents per bushel and will be deducted from final futures price.

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 3rd, 2021 – July 28th, 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 1st, 2021

    Contact your local CVC merchandiser to enroll


Change Location
CORN  
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
545'0s
@C1K -0.40
5.05  03/02/2021 1:19:00 PM CST
 6'6
History New Crop 2021
475'6s
@C1Z -0.50
4.26  03/02/2021 1:19:00 PM CST
 7'0
 
SOYBEANS  
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
1412'4s
@S1K -0.60
13.53  03/02/2021 1:19:00 PM CST
 21'2
History New Crop 2021
1229'6s
@S1X -0.75
11.55  03/02/2021 1:19:00 PM CST
 10'4
 
WHEAT  
Delivery Date Futures Price Futures Month Basis Cash Price Futures Change
History Cash Bid
666'2s
@W1K -0.60
6.06  03/02/2021 1:19:00 PM CST
 16'0
History New Crop 2021
655'0s
@W1N -0.75
5.80  03/02/2021 1:19:00 PM CST
 12'4