NORTH IOWA COOPERATIVE

Grain Department

Cash Bids

Copyright © 2019. All market data is provided by Barchart Solutions.
Futures: at least 10 minute delayed. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.CME Chicago Mercantile Exchange ICE Exchange

Futures

Copyright © 2019. All market data is provided by Barchart Solutions.
Futures: at least 10 minute delayed. Information is provided ‘as is’ and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.CME Chicago Mercantile Exchange ICE Exchange

Grain Services

Direct Ship

The producer sells directly to a processor like AGP or Golden Grain from the producer’s farms. These bushels are not delivered to the elevator.

Trucking

North Iowa Cooperative picks up grain from producers’ fields or storage bins and hauls it to the point-of-sale – either the processor or the elevator.

Automative Clearing House Payments (ACH)

ACH payments are available to grain producers when they want the proceeds from sales directly deposited into their bank accounts instead of settling sales to a traditional check.

Branch Office – MIDCO Commodities, Inc.

North Iowa Cooperative is able to offer brokerage services to producers who have set up approved accounts.

Grain Policies

All incoming grain must be stored or priced within 10 days of delivery and all grain is to be priced at location of delivery.

 

The harvest policy is subject to change without notice. The market scale of discounts will apply to all grain.

 

View 2019-2020 Harvest Policy

Grain Contracts

  • Basis Contract 

    This contract is used most when future prices are low and farmer movement is light. We lock in the basis for a specific delivery period with futures to be set at a later time.

  • Hedge-to-Arrive 

    Producers choose this contract when future prices are high and farmer movement is more active. Futures market price is locked in while leaving the basis open to be set at a later time. Service fees do apply.

  • Offer Contracts

    This is a great option for producers not wanting to constantly monitor the market. Once the current or future cash price reaches a predetermined level, the producer sells a specific amount of bushels.

  • Forward Contracts

    Grain is sold for a future delivery period. Cash price, quantity, and delivery period are all specified in the contract.

  • Deferred Payment

    Arrangement whereby a producer receives payment for his products in a later tax year, allowing a producer to level out his cash receipts and reduce his incremental tax rate.

  • Price Later Contracts

    Allows the producer to move grain without establishing a cash price. Considered a credit sale contract so ownership passes to the buyer at the time the contract is signed. Grain is subject to charges that vary with market conditions.

Grain Team

Call Thornton: (641) 998-2711 or 1-800-531-9241

Craig Backhaus

Craig Backhaus

Grain Merchandiser
Randy Westhoff

Randy Westhoff

Grain Team Member
Diane Nelson

Diane Nelson

Grain Team Member

Call Portland: (641) 423-5311 or 1-800-341-5311

Ed Paulus

Ed Paulus

Regional Manager
Sarah Sturges

Sarah Sturges

Grain Team Member
Jeff Kuhlers

Jeff Kuhlers

Grain Team Member

Call Clear Lake: (641) 357-5274 or 1-888-350-5274

Kevin Weiss

Kevin Weiss

Location Manager
Amanda Theiss

Amanda Theiss

Grain Team Member
Gene Toppin

Gene Toppin

Grain Team Member

Call Plymouth: (641) 696-3382

Steve Trebil

Steve Trebil

Location Manager, Plymouth
Larry Ausborn

Larry Ausborn

Grain Team Member