PRICE LATER: 5 cents/month prorated daily from date of unload. Price by Aug 23, 2024.
FALL 2023 GRAIN POLICIES
MOISTURE DISCOUNT SCHEDULE 2023/2024
NO SHRINK
10 CENTS PER POINT ABOVE 15.5 BASED ON CONTRACT AVERAGE
PRORATED TO THE NEAREST 10th OF A POINT
Moisture discount comparison $5.00 Cash Corn at 18% Moisture POET vs COMPETITION 1,000 bushels delivered at 18% Moisture 1,000 bushels delivered at 18% Moisture No Shrink 1.5% Shrink = -15 bu/pt above 15% Drying Charge: $0.10 per point above 15.5 = $0.25/bu Drying Charge: $.0475 per point above 15.0 = .$0.1425/bu 1,000 bu X (5.00 - .25 Moisture Discount)= $4,750 1,000 - 45 bu shrink= 955 bu X (5.00 - .1425)= $4,639
* For 18 moisture corn priced at $5.00- POET is discounting 111 dollars less per 1,000 bu load (11 cents/bu less discounts than corn delivered to the competition)
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