Contracts  09/13/17 11:49:59 AM

North Fork Grain
Contracts

Offer Contract
  • Producer offers to sell a specific amount of grain if the market reaches a target cash price
  • Available in any bushel increment
  • Available for Old Crop and New Crop Bushels

Deferred Payment Contract
  • Allows the producer to sell grain now but defer income into future years for tax purposes
  • Requires a specified payment date and cannot be paid out early
  • Tax Law allows producers to specify income be applied to the year sold or the year deferred into even with a deferred payment contract (Please consult a Tax Professional for full details)

Minimum Price Contract
  • Establishes a minimum price for the grain while giving the oppurtunity for additional value if the market rallies
  • Available in 5000 bu increments

New Crop TBD (To-Be-Delivered)
  • Establishes a fixed futures and basis level for grain to be delivered later
  • Available in 1000 bu increments

New Crop HTA (Hedge-To-Arrive)
  • Establishes a fixed futures price and leaves the basis level unset
  • Available in 1000 bu increments
  • Basis must be set prior to First Notice Day of the reference futures month
  • Contract cannot be rolled forward to subsequent trading months

New Crop Basis-Only
  • Establishes a fixed basis level and leaves the futures unpriced
  • Available in 1000 bu increments
  • Futures must be priced prior to First Notice Day of the reference futures month
  • Contract cannot be rolled forward to subsequent trading months

All Grain Contracts are subject to a $0.30/bu cancellation fee in addition to any market variance for non-delivery.



 
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