Free Storage on New Crop soybeans until October 16, 2023. On October 16 you will have the three options:
Sell grain for cash
Put grain on a basis fixed contract with flexible option months. No storage will be applied to these contracts and you can request an advance of 70% on grain delivered.
Price later option would entail the following:
No minimum fee A price later service charge of 5 cents per bu per month beginning 10/17/2023 Price later bushels can not be applied to future contracts and must be sold on the nearby bid. If grain is not sold by 7/31/2024 all accrued price later storage charges and drying will be invoiced and due 8/15/2024. New storage charges will start effective 8/1/2024
New crop Wheat storage will be a .12 minimum storage fee plus .05 per bu per month. Price later bushels cannot be applied to future contracts and must be sold on the nearby bid
Click link below to follow the progress of the new elevator being put up in Finley, ND.