Grain Discount Schedule
Effective August 18, 2010
#2 Yellow Shelled Corn
| Damage | 1 cent for each 1% or fraction from 5.1%-7.0% 2 cents for each 1% or fraction from 7.1%-10.0% 3 cents for each 1% or fraction from 10.1%-20.0%. Damage over 20% subject to rejection. |
| Drying | 1.75 cents for each ½% or
fraction of moisture over 15.0% for cash, Price Later, or contract. 1.75 cents for each ½% or fraction of moisture over 14.5% for storage. |
| Shrink | 1.4 times the difference between the moisture in and the dried moisture of 15.0% for cash, price later or contract and 14.5% for storage. |
| Foreign Material | 1 cent for each 1% of F.M. from 3.1% to 5.0% and 2 cents for each 1% above 5.0%. |
#2 Yellow Soybeans
| Damage |
2 cents for each 1.0% or fraction from 2.1% to 5.0%, 4 cents for each 1.0% or fraction from 5.1% to 6.0%. Damage above 6.0% is subject to rejection. |
| Heat Damage | 2 cents from 0.3% to 0.5% and 3 cents for each ½% or fraction from .6% to 5.0%. Heat damage over 5.0% is subject for rejection. |
| Shrink | 1.25% of the gross bushels delivered for each ½% or fraction from 13.1% moisture to 15.0%. 1.75% of the gross bushels delivered for each 1/2% or fraction from 15.1% moisture to 17.0%. Soybeans over 17.0% moisture are subject to rejection. |
| Foreign Material | Foreign material in excess of 1.0% will be deducted from the gross weight. |
#2 Soft Red Winter Wheat
| Damage | 2 cents for each 1.0% or fraction from 4.1% to 5.0%, 5 cents for each 1.0% or fraction from 5.1% to 6.0%, and 10 cents for each 1.0% or fraction from 6.1% to 7.0%. Damage over 7.0% is subject to rejection. |
| Moisture | 1.0% of the selling price for each ½% or fraction of moisture over 13.5%. |
| Foreign Material | Foreign material in excess of 1.0% will be deducted from the gross weight. |
Other Factors For All Grains
|
Sour |
10 cents per net bushel. |
|
Moldy |
5 cents per net bushel. |
|
Buggy |
10 cents per net bushel. |
|
Heating |
10 cents per net bushel. |
All discounts are subject to change.
Grain Testing and Grading Procedures
Yellow Shelled Corn moistures will be averaged down to 14.5% for storage and 15.0% for cash, contracts, and delayed pricing. Moisture below 14.0% will be marked dry and the 14.0% used for averaging.
Yellow Soybean moistures will be averaged on a daily basis from 15.0% down to 13.0%. Moisture less than 12.0% will be marked dry and the 12.0% used for averaging. Beans in excess of 15.0% moisture will not be averaged. Beans over 17.0% are subject to rejection.
Soft Red Winter Wheat moistures will be averaged from 16.0% down to 12.0%. Moistures less than 12.0% will be marked dry and the 12.0% used for averaging. Wheat over 16.0% moisture is not acceptable for delivery.
Each load of grain delivered will be tested for moisture and quality.
Discount factors for damage and foreign material (FM) will be done on a LOAD BY LOAD BASIS for all commodities.
Soybean moistures will continue to be averaged on a daily delivery basis.
Upon request, a composite which carries discounts other than moisture will be sent to the Federal Grain Inspection Service for grading. Settlements will be made on the basis of the FGIS grade.