Ludlow Co-op Elevator Company
 
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Ludlow Coop

2016-2017 Crop Policies

Service Rates

  Corn

Unless you notify us otherwise, corn will be placed into storage 7 days after day of delivery.
ALL DISCOUNTS ARE ON A PER LOAD BASIS-NO AVERAGING

Storage Charges

11 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 8/31/17

Delayed Pricing Rate

9 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 10/15/17

Shrink ("MO" on Delivery Sheet)

1.4 each 1% (applied as 0.14% each 1/10% moisture) Over 15.0%
15.0% For Contract/Delayed Price/Sold within 7 days of first day of delivery
14.0% For Open Storage/Warehouse Receipt

Drying ("DR" on Delivery Sheet)

1.5 cents each 1/2% moisture from 15.1% to 25.0%, then 1.25 cents per half above 25.0%.

Test Weight : (“TW” on Delivery Sheet)

53.0 - 53.9      1 cent
52.0 - 52.9      2 cents
51.0 - 51.9      4 cents
50.0 - 50.9      6 cents
Below 50.0 subject to market scales

Foreign Material: (“FM” on Delivery Sheet)

3.1 - 4.0      2 cents
4.1 - 5.0      4 cents
5.1 - 6.0      7 cents
6.1 - 7.0      10 cents
4 cents each 1% over 7.0%
Subject to rejection over 7.0% .

Damage: (“DM” on Delivery Sheet)

5.1 - 6.0       2 cents
6.1 - 7.0       4 cents
7.1 - 8.0       6 cents
8.1 - 9.0       8 cents
9.1 - 10.0    10 cents
Subject to rejection over 10.0%

Heat Damage: (“HT” on Delivery Sheet)

0.3 - 1.0      2 cents
1.1 - 2.0      4 cents
2.1 - 3.0      6 cents
3.1 - 4.0      8 cents
4 cents each 1% over 4.0% - max 8.0%

MUSTY: (“MU” on Delivery Sheet) - 7 cents
SOUR: (“SR” on Delivery Sheet) - 10 cents
HOT/HEATING: (“HE” on Delivery Sheet) - 10 cents
WEEVEL: (“WV” on Delivery Sheet) - 10 cents
COFO: (“CO” on Delivery Sheet) - 10 cents

  Soybeans

Unless you notify us otherwise, beans will be placed into storage 7 days after first day of delivery.
ALL DISCOUNTS ARE ON A PER LOAD BASIS-NO AVERAGING

Storage Charges

11 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 8/31/17

Delay Price Rates

9 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 10/15/17

Shrink ("MO" on Delivery Sheet)

1.25% each ½ % moisture 13.1% to 15.0%
2.0% each ½ % moisture over 15.0%

Test Weight : (“TW” on Delivery Sheet)

53.0 - 53.9      1 cent
52.0 - 52.9      2 cents
51.0 - 51.9      3 cents
50.0 - 50.9      4 cents
Below 50.0 subject to market scales

Foreign Material: (“FM” on Delivery Sheet)

All Foreign Material in excess of 1% will be docked from gross weight.

Damage: (“DM” on Delivery Sheet)

2.1 - 3.0      1 ½ cents
3.1 - 4.0      3 cents
4.1 - 5.0      4 ½ cents
1 1/2 cents each additional 1/2% over 5.0%

Heat Damage: (“HT” on Delivery Sheet)

0.3 - 0.5      2 cents
0.6 - 1.0      4 cents


MUSTY: (“MU” on Delivery Sheet) - 5 cents
SOUR: (“SR” on Delivery Sheet) - 10 cents
HOT/HEATING: (“HE” on Delivery Sheet) - 10 cents
WEEVEL: (“WV” on Delivery Sheet) - 5 cents
COFO: (“CO” on Delivery Sheet) - 10 cents

Corn & Soybeans remaining in Storage or on Delayed Price as of 9/01/2016 will be assessed the new 2016-2017 minimum plus daily storage rate and any applicable carryover charges in effect at that time. Any accumulated and unpaid storage charges as of that date are payable and due by September 25, 2016.

DP charges subject to change without notice due to market conditions.

Warehouse receipts available upon request.

CONTRACTED GRAIN - IF NOT SPECIFIED PRIOR TO HARVEST OR AT TIME OF SALE WILL BE APPLIED BY DATE OF SALE ON THE CONTRACT!

  Wheat
2015 Wheat Crop - Storage & Delayed Price Rates
Wheat will only be accepted at our Buckley Facility.

All rates are subject to change according to market conditions.

#2 Soft Red Winter Wheat:

58 lbs TW
13.5% MO
0.0% DK
4.0% DM

Moisture Discount

(Discounted load by load)
Delivery Sheet shows drying charges "DR" as a dollar discount.

13.6 to 14.0 2 cents per gross bushel
14.1 to 14.5 4 cents per gross bushel
14.6 to 15.0 6 cents per gross bushel
15.1 to 15.5 10 cents per gross bushel
15.6 to 16.0 14 cents per gross bushel
16.1 & over subject to rejection

PLUS
Delivery Sheet shows shrink "MO" as a bushel adjustment.

13.6 to 16.0 1.4% each 1.0% of gross bushels

Test Weight: Discounted load by load

58.0 and above
no discount
57.9 - 57.5 2 cents per gross bushel
57.4 - 57.0 4 cents per gross bushel
56.9 - 56.5 6 cents per gross bushel
56.4 - 56.0 8 cents per gross bushel
55.9 - 55.5 20 cents per gross bushel
55.4 - 55.0 40 cents per gross bushel
54.9 - 54.5 60 cents per gross bushel
54.4 - 54.0 80 cents per gross bushel
53.9 - 53.5 100 cents per gross bushel
53.4 - 53.0 120 cents per gross bushel
52.9 - 52.5 140 cents per gross bushel
52.4 - 52.0 160 cents per gross bushel
52.0 and below subject to rejection

Damage: Discounted load by load

4.1 - 5.0
3 cents each 1.0%
5.1 - 6.0 7 cents each 1.0%
6.1 - 7.0 10 cents each 1.0%
7.1 and over subject to rejection

Dockage

FM will be treated as dockage
Deducted load by load
All dockage will be deducted from gross bushels delivered.

Vomitoxin

2.1 2.
2.1 - 3.0 PPM 10 cents per gross bushel
3.1 - 4.0 PPM 25 cents per gross bushel
4.1 - 5.0 PPM 50 cents per gross bushel
5.1 - 6.0 PPM 75 cents per gross bushel
6.1 & over subject to rejection

Delayed Pricing

8 cents per bushel through 8/31/2015 then .00133 per bushel per day thru 5/31/2016 (about .04 a month). Wheat remaining unpriced on 6/1/2016 will be subject to new Delayed Pricing charges in effect at that time and accumulated Delayed Pricing charges will be payable and due by 6/13/2016!

All rates subject to change according to market conditions.

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