Grain Policy Handbook

Grain Policy Handbook PDF – Effective March 1, 2021

Contracting

  • Contracted bushels must be delivered within the date range specified on the contract, unless prior approval is given by management. Bushels not delivered by the contract date may be subject to a fee equivalent to any losses incurred on that contract by ALCIVIA. This is subject to market conditions.
  • ALCIVIA reserves the right to not buy cash grain outside of trading hours.
  • Basis Only, Futures Only, & Delayed Price contracts must be priced by September 15 of the contracted delivery crop year.
  • Futures Only Contract Fees
    Old Crop by Sept 21Zero
    New Crop 21$0.05
    New Crop 22$0.08
    New Crop 23$0.11
  • All contracts are subject to the rules of the National Grain & Feed Association.

DISPOSITION AND DELIVERY

  • Please provide accurate information to the scale operator concerning owner, split percentages, and disposition.
  • If no disposition has been given when the delivery is closed, the bushels will automatically apply to the oldest created contract first. If all contracts are fulfilled, storage will start on the date of delivery unless the grain is priced within the 7 day grace period.
  • Direct ship grain to processors is subject to the processor’s scale of discount and is excluded from ALCIVIA patronage.
  • No early delivery of contracted grain is allowed without prior approval. If grain is delivered early, payment will be made at the originally contracted time.
  • Any load that has treated grain either in the probed sample or found at the dump pit will be rejected.
  • Loads with obvious grade differences that are observed at unloading are subject to reinspection and possible rejection.             

Settlement

  • Settlements will be made promptly following a request for settlement or completed delivery.
  • Grain check requests submitted by noon will be available for pickup in the afternoon from 2:30 p.m. to business close. Grain check requests made after noon will be available for pickup the following morning after 9:00 a.m.
  • Destination tickets must be provided for settlement of Direct Ship loads.

Warehouse Storage

  • Storage rate for corn, 5 cents per bushel per month or 0.001644 cents per day.
  • Storage rate for beans, 5.5 cents per bushel per month or 0.001808 cents per day.
  • Storage rate for wheat, 5 cents per bushel per month or 0.001644 cents per day.
  • Storage will start on the date of delivery unless it is priced within the 7 day grace period. The grace period allows 7 days after delivery of last load or between loads, before grain is committed to storage.
  • Moisture charges will be billed when loads are transferred to storage. All other discounts will be billed at the time of settlement.
  • Storage will be accrued on grain sold and deducted from the sale.
  • Storage will be billed on grain withdrawn before month end at the time of withdrawal.
  • Storage will be billed monthly.
  • Grain loaded out will be subject to regular discounts, storage charges, and a loadout charge of 25 cents per bushel.
  • There are NO minimum storage charges.

Delayed Price

  • Delayed Price rate for beans, 4.5 cents per bushel per month or 0.001479 cents per day.
  • Delayed Price charges will start the date of contract.
  • Delayed Price and previously accumulated storage will be accrued on grain sold and deducted from the sale.
  • Delayed Price charges will be billed on grain withdrawn before month-end at the time of withdrawal.
  • Delayed Price charges will be billed monthly.
  • Ownership of the grain is transferred to ALCIVIA at the time of contract. Contracts must be priced by September 15, 2021.

Grain Bank

  • Grain Bank storage rate for corn, 5 cents per bushel per month or 0.001644 cents per day.
  • Grain Bank storage rate for beans, 5.5 cents per bushel per month or 0.001808 cents per day.
  • Grain Bank storage will start on the date of delivery unless it is priced within the 7 day grace period. The grace period allows 7 days after delivery of last load or between loads, before grain is committed to storage.
  • Discounts will be billed when loads are transferred to Grain Bank.
  • Grain Bank storage will be accrued on grain sold and deducted from the sale.
  • Grain Bank storage will be billed on grain withdrawn before month-end at the time of withdrawal.
  • Grain Bank storage will be billed monthly.
  • Grain not processed for feed and loaded out will be subject to regular storage charges and a loadout charge of 25 cents per bushel.

Corn Discount Schedule

MOISTURE CHARGES:
2 cents each half percent over 15% for sold
2 cents each half percent over 14% for store

SHRINK FACTOR:
0.15% each 1/10th over 15% for sold
0.15% each 1/10th over 14% for store

TEST WEIGHT:
2 cents each pound from 53.9 to 52.00
3 cents each pound from 51.9 to 50.00
5 cents each pound below 50.00

DAMAGE:
2 cents each percent from 5.1% to 7%
4 cents each percent above 7%
Above 15% subject to rejection

FOREIGN MATERIAL:
2 cents each percent from 3.1% to 5.0%
3 cents each percent above 5.1% to 10%
4 cents each percent above 10.1%

MUSTY/SOUR/INFESTED:
20 cents per bushel

LOAD OUT CHARGE:
Any grain loaded out will be subject to a fee of 25 cents per bushel

Soybean Discount Schedule

MOISTURE SHRINK:
Based on wet weight, shrink is .23% per tenth from 13.1 to 15.0%
Shrink is .46% per tenth over 15.0% moisture

DAMAGE:
1 cent each percent from 2.1% to 5%
2 cents each percent above 5.0%

FOREIGN MATERIAL:
Excess over 1% shall be deducted from gross weight

TEST WEIGHT:
1 cent each pound below 53.9

SOUR/HEATING/COFO:
20 cents per bushel

SPLITS:
1 cent each % over 10% splits

LOAD OUT CHARGE:
Any grain loaded out will be subject to a fee of 25 cents per bushel

Wheat Discount Schedule

MOISTURE CHARGES:
0.5 cent each 1/10th of a percent over 13.5%

SHRINK FACTOR:
2.0% for each percent over 13.5% from weight
2.5% for each percent over 16.0% from weight
Wheat Over 16.5% Subject To Rejection

FOREIGN MATERIAL AND DOCKAGE:
Any combination of foreign material and dockage shall be deducted from the gross weight

DAMAGE:
6 cents each percent over 4-5%
8 cents each percent over 5-8%
10 cents each percent over 8%

TEST WEIGHT:
8 cents each 1/2 pound from 57.9 to 56.0
10 cents each 1/2 pound from 55.9 to 52.0
12 cents each 1/2 pound below 52.0

VOMITOXIN:
2.1 -2.9 PPM 20 cents/point
3.0 PPM and up 30 cents/point and subject to rejection

HEATING, MUSTY, SOUR, WEATHERED, OR INFESTED @ 20 cents/bu. discount and subject to rejection

**ALL DISCOUNTS SUBJECT TO CHANGE WITHOUT NOTICE**