Wheat
Cash Pricing

 

The Basics:

Wheat producers can deliver their wheat at any time between October 1 and May 31 to any board appointed agent, terminal or processor and receive the closing price on the day the wheat gets reported to the board office. 

How it works

When delivery is made to a board appointed agent, producers receive the initial payment less license fees, handling and transportation costs directly from the elevator at the time of delivery.  Handling and transportation fees are negotiated between the producer and the agent. A second payment will be sent to producers for the balance of the closing price from the board office.  When delivery is made to a terminal elevator or processor a single payment for the full amount less license fees and applicable deductions will be sent to producers from the board office.

Deadlines

After September 30th and before May 31 of any given crop year.

The Rules

No minimum amount.

Other Details

Wheat delivered to the board between October 1st and May 31st by producers who do not have any contracts with the board, will automatically go to cash pricing.

Pros

Convenient

Cons

Price may be low

Choose this Marketing Alternative When:

You want simplicity. You want immediate cash flow.