Ludlow Co-op Elevator Company
 
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Ludlow Coop

2010-2011 Crop Policies

Service Rates

  Corn

Unless you notify us otherwise, corn will be placed into storage 7 days after day of delivery.

Moisture: Corn will be shrunk to 15.0% on a load-by-load basis.

Shrink ("MO" on Delivery Sheet)

1.4% each 1% (or fraction thereof) over 15.0% for Contract, Delayed Price, or Storage.

Drying ("DR" on Delivery Sheet)

1.875 cents each ½ % moisture over 15.0%

Drying charges are based on wet bushels. Drying charges will be billed after harvest, and are payable by January 10th, 2011. Service charges will be assessed on unpaid drying bills as of January 11th, 2011.

Storage Charges

15 cents day of delivery plus 1/10 cent per bushel per day through 8/31/11

Delay Price Charges

15 cents day of delivery plus 1/10 cent per bushel per day through 8/31/11

Corn remaining in Storage or Delayed Price as of 9/01/2011 will be assessed the new 2010-2011 minimum charges 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, 2011.

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

  Soybeans

Unless you notify us otherwise, beans will be placed into storage 7 days after first day of delivery.

Moisture: Soybeans are shrunk to 13.0% on a load-by-load basis.

Shrink ("MO" on Delivery Sheet)

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

Storage Charges

15 cents day of delivery plus 1/10 cent per bushel per day through 8/31/11

Delay Price Charges

15 cents day of delivery plus 1/10 cent per bushel per day through 8/31/11

Soybeans remaining in Storage or on Delayed Price as of 9/01/2011 will be assessed the new 2010-2011 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, 2011.

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

Warehouse receipts available upon request.

  Wheat

Storage & Delayed Price Rates. No delayed pricing or storage available! All wheat must be priced within a month of the first day of delivery! Sprout damage, weevil, musty, heating are subject to rejection. All rates subject to change according to market conditions.

Moisture Discounts

(Discounted load by load)
Delivery Sheet shows drying charged "DR" as dollar discount.
Delivery Sheet shows shrink "MO" as bushel adjustment.

13.5 and below
0
13.6 to 15.0 4 cents each ½% plus shrink @ 1.4% ea 1%
15.1 to 16.0 8 cents each ½% plus shrink @ 1.4% ea 1%
16.1 and over Subject to rejection

Test Weight

(Discounted load by load)

58.0 and over
0
57.9 to 56.0 2 cents each ½ lb.
55.9 to 54.0 6 cents each ½ lb.
53.9 to 52.0 10 cents each ½ lb.
52.0 and below Subject to rejection

Damage

(Discounted load by load)

2.0 and below
0
2.1 to 7.0 2 cents each 1%
7.1 and over Subject to rejection

Dockage

(Deducted load by load)
All dockage will be deducted from gross bushels delivered.

Foreign Material

(Deducted load by load)
All foreign material will be treated as dockage.

Vomitoxin

2.1 TO 5 PPM
10 cents per gross bushel
5.1 TO 10 PPM 20 cents per gross bushel
10.1 and over Subject to rejection

No delayed pricing or storage available!

All wheat must be priced within a month of the first day of delivery!

Sprout damage, weevil, musty and heating are subject to rejection [10 cents per bushel minimum discount)

All rates subject to change according to market conditions.

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