9/1/2010     Farmers Cooperative Elevator Company                   

2010-2011 FCE GRAIN SETTLEMENT POLICY

Our Grain delivery settlement date is illustrated on the following chart:

Grain Delivered                      Delivery Settlement Date 5 p.m. on

September 1 - 12                     September 17

September 13 - 19                   September 24

September 20 - 26                   October 1

September 27 - Oct. 3              October 8

October 4 - 10                          October 15

October 11 - 17                        October 22

October 18 - 24                        October 29

October 25 - 31                        November 5

November 1 - 7                        November 12

November 8 - 14                      November 19

November 15 - 21                    November 26

November 22 – 30                    December 3

Corn

Delayed Price 14%; has a Service charge at the rate of 4 cents per bushel per month with no minimum.

Warehouse Receipt 13%; has a Storage charge at the rate of 4 cents per bushel per month with no minimum.

Soybeans, Wheat & Oats

Delayed Price; has a Service charge at the rate of 5 cents per bushel per month with no minimum.  

Warehouse Receipt; Soybeans, Wheat and Oats has a Storage charge at the rate of 5 cents per bushel per month

and a 10 cent per bushel "Document Fee"

All Fees are calculated by the day from the date of deposit if not sold by the Delivery Settlement Date.

Starting again on December 1 2010 and continuing until August 31 2011, all open assembling sheets will be stopped at the end of each month. Delayed Pricing contracts and/or Warehouse Receipts will be issued the 15th of the following month for all grain still not sold prior to that day.  Please sign and return the contract when it arrives.

If you have any questions, contact any FCE office.