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POET Grain Contracts We offer a variety of contracts. When we do contracts by phone a paper contract is mailed the same day with the details of the contract spelled out. Please sign and return these promptly. CONTRACT PRICE= FUTURES PRICE MINUS BASIS LEVEL. We offer the following contracts. Cash Contract: Sell bushels now for a specific delivery date at the current cash price. Basis Only: allows you to lock in a favorable basis level prior to, or upon, delivery. You then have the opportunity to take advantage of any gains provided by the futures market. Futures Only: allows you to lock in a designated futures price now, and price the basis prior to delivery later on. This contract is beneficial to those who want to avoid future risk. Average Price: POET hedges the per day bushel amount each day during the averaging period when the Futures Market is trading. At the end of the averaging period your bushels are fully sold at an average price for that period. Market Manager: POET's skilled marketing team will be managing the program by using a combination of option and futures strategies. You enroll your bushels and the POET team is responsible for setting the board price. Minnimum Price + : This option allows you to lock in a lower cost minimum price contract, while still taking advantage of futures advances on the board. Premium Plus: The POET Premium Plus contract pays a per bushel premium on the initial quantity of Corn, when you commit to sell a like quantity in a deferred delivery period, at a specified target price. Min/Max: The POET Min/Max contract allows you to sell your corn today for a set floor price, while still enabling you to participate on the upside of the futures market to a set Max Price. Accumulator/ Enhancer Plus: Offers a way for producers to forward contract bushels that are priced daily above the current futures price until the market trades below the Knock-Out Level. Delayed Price: Allows you to deliver bushels now and store bushels for 10-days free, then 6 cents per month after allowing you to take advantage of potential market rallies. Please contact Jessica or Cole with contracting needs or questions about our contract types. Phone (605) 862-6107. |
