2022-2023 Ludlow Co-op Service Rates
Corn
Unless you notify us otherwise, corn will be placed into storage 7 days after the first day of delivery.ALL DISCOUNTS ARE ON A PER LOAD BASIS-NO AVERAGING
Storage Charges
14 cents day of delivery plus 3.5 cents per month (.0012 cents/bu daily) through 8/31/23.Delayed Pricing Rate
12 cents day of delivery plus 3.5 cents per month (.0012 cents/bu daily) through 8/31/23.Shrink ("MO" on Delivery Sheet)
1.4 each 1% (applied as 0.14% each 1/10% moisture) over 15.0%15.0% moisture for Contracts, Delayed Pricing, Spot within 7 days of the first day of delivery.
14.0% moisture for Open Storage & Warehouse Receipt
Drying ("DR" on Delivery Sheet)
Assessed on wet bushels4.5 cents per point of moisture from 15.1% to 20%
2.5 cents per point above 20%. (all split on half points)
Corn Moisture / Cents per Bushel
15.10 - 15.50, 2.25 cents
15.60 - 16.00, 4.5 cents
16.10 - 16.50, 6.75 cents
16.60 - 17.00, 9.0 cents
17.10 - 17.50, 11.25 cents
17.60 - 18.00, 13.5 cents
18.10 - 18.50, 15.75 cents
18.60 - 19.00, 18.0 cents
19.10 - 19.50, 20.25 cents
19.60 - 20.00, 22.5 cents
20.10 - 20.50, 23.75 cents
20.60 - 21.00, 25.0 cents
21.10 - 21.50, 26.25 cents
21.60 - 22.00, 27.5 cents
22.10 - 22.50, 28.75 cents
22.60 - 23.00, 30.0 cents
23.10 - 23.50, 31.25 cents
23.60 - 24.00, 32.5 cents
24.10 - 24.50, 33.75 cents
24.60 - 25.00, 35.0 cents
Test Weight : (“TW” on Delivery Sheet)
53.0 - 53.9, 1 cent52.0 - 52.9, 2 cents
51.0 - 51.9, 4 cents
50.0 - 50.9, 6 cents
Below 50.0 subject to market scales
Foreign Material: (“FM” on Delivery Sheet)
3.1 - 4.0, 2 cents4.1 - 5.0, 4 cents
5.1 - 6.0, 7 cents
6.1 - 7.0, 10 cents
4 cents each 1% over 7.0%
Subject to rejection over 7.0%.
Damage: (“DM” on Delivery Sheet)
5.1 - 6.0, 2 cents6.1 - 7.0, 4 cents
7.1 - 8.0, 6 cents
8.1 - 9.0, 8 cents
9.1 - 10.0, 10 cents
Subject to rejection over 10.0%
Heat Damage: (“HT” on Delivery Sheet)
0.3 - 1.0, 2 cents1.1 - 2.0, 4 cents
2.1 - 3.0, 6 cents
3.1 - 4.0, 8 cents
4 cents each 1% over 4.0% - max 8.0%
MUSTY: (“MU” on Delivery Sheet) - 7 cents
SOUR: (“SR” on Delivery Sheet) - 10 cents
HOT/HEATING: (“HE” on Delivery Sheet) - 10 cents
WEEVIL: (“WV” on Delivery Sheet) - 10 cents
COFO: (“CO” on Delivery Sheet) - 10 cents
Drying charges will be deducted from settlements for grain payments through the end of harvest, unless requested otherwise. Approximately, December 10, 2022 drying charges will be invoiced to the patron’s account and payment will be due on January 10, 2023.
CORN remaining in Storage as of 9/1/23 will be assessed the new 2023-2024 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, 2023.
CORN remaining in Delayed Pricing as of 9/1/23 will be assessed the new 2023-2024 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, 2023.
Soybeans
Unless you notify us otherwise, beans will be placed into storage 7 days after the first day of delivery.ALL DISCOUNTS ARE ON A PER LOAD BASIS-NO AVERAGING
Bean Moisture over 16% is subject to REJECTION
Storage Charges
14 cents day of delivery plus 3.5 cents per month (.0012 cents/bu daily) through 8/31/23.Delay Price Rates
12 cents day of delivery plus 3.5 cents per month (.0012 cents/bu daily) through 8/31/23.Shrink ("MO" on Delivery Sheet)
Beans are shrunk to 13.0%1.25% each 1/2% moisture 13.1% to 15.0%
2.0% each 1/2% moisture over 15.0%
Test Weight : (“TW” on Delivery Sheet)
53.0 - 53.9, 1 cent52.0 - 52.9, 2 cents
51.0 - 51.9, 3 cents
50.0 - 50.9, 4 cents
Below 50.0 subject to market scales
Foreign Material: (“FM” on Delivery Sheet)
All foreign material in excess of 1% will be docked from gross weight.Damage: (“DM” on Delivery Sheet)
2.1 - 3.0, 1 ½ cents3.1 - 4.0, 3 cents
4.1 - 5.0, 4 ½ cents
1 1/2 cents each additional 1/2% over 5.0%
Heat Damage: (“HT” on Delivery Sheet)
0.3 - 0.5, 2 cents0.6 - 1.0, 4 cents
MUSTY: (“MU” on Delivery Sheet) - 5 cents
SOUR: (“SR” on Delivery Sheet) - 10 cents
HOT/HEATING: (“HE” on Delivery Sheet) - 10 cents
WEEVIL: (“WV” on Delivery Sheet) - 5 cents
COFO: (“CO” on Delivery Sheet) - 10 cents
Beans remaining in Storage as of 9/1/23 will be assessed the new 2023-2024 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, 2023.
Beans remaining in Delayed Pricing as of 9/1/23 will be assessed the new 2023-2024 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, 2023.
DP charges subject to change without notice due to market conditions.
Warehouse receipts available upon request.
CONTRACTED GRAIN - IF NOT SPECIFIED PRIOR TO HARVEST OR AT TIME OF SALE WILL BE APPLIED BY DATE OF SALE ON THE CONTRACT!
Wheat
2022 Wheat Crop - Storage & Delayed Price Rates
Wheat will only be accepted at our Buckley and Ludlow Facilities.
All rates are subject to change according to market conditions.
No settlements will be done on wheat until we get back grades from grain inspection - we will be using their damage and vomotoxin results for discounts!
#2 Soft Red Winter Wheat:
58 lbs. TW
13.5% MO
0.0% DK
4.0% DM
Moisture Discount
(Discounted load by load)Delivery Sheet shows drying charges "DR" as a dollar discount.
13.6 to 14.0 2 cents per gross bushel
14.1 to 14.5 4 cents per gross bushel
14.6 to 15.0 6 cents per gross bushel
15.1 to 15.5 10 cents per gross bushel
15.6 to 16.0 14 cents per gross bushel
16.1 & over subject to rejection
PLUS
Delivery Sheet shows shrink "MO" as a bushel adjustment.
13.6 to 16.0 1.4% each 1.0% of gross bushels
Test Weight: Discounted Load by Load
58.0 and above - no discount57.9 - 57.5 = 5 cents per gross bushel
57.4 – 57.0 = 10 cents per gross bushel
56.9 – 56.5 = 15 cents per gross bushel
56.4 – 56.0 = 20 cents per gross bushel
55.9 – 55.5 = 25 cents per gross bushel
55.4 – 55.0 = 35 cents per gross bushel
54.9 – 54.5 = 45 cents per gross bushel
54.4 – 54.0 = 55 cents per gross bushel
53.9 – 53.5 = 65 cents per gross bushel
53.4 – 53.0 = 80 cents per gross bushel
52.9 – 52.5 = 95 cents per gross bushel
52.4 – 52.0 = 110 cents per gross bushel
52.0 and below subject to rejection
Damage: Discounted Load by Load
4.1 – 5.0 = 10 cents each 1.0%5.1 – 6.0 = 20 cents each 1.0%
6.1 – 7.0 = 30 cents each 1.0%
7.1 and over subject to rejection
Dockage
FM will be treated as dockageDeducted load by load
All dockage will be deducted from gross bushels delivered.
Vomitoxin
2.1 – 3.0 PPM = 10 cents per gross bushel3.1 – 4.0 PPM = 25 cents per gross bushel
4.1 – 5.0 PPM = 50 cents per gross bushel
5.1 – 6.0 PPM = 75 cents per gross bushel
6.1 & OVER SUBJECT TO REJECTION
Other Discounts
Weevel: Subject to rejection - .10 per bushel minimum discountMusty: Subject to rejection - .10 per bushel minimum discount
Heating: Subject to rejection - .10 per bushel minimum discount
Sprout Damage: Subject to rejection - .10 per bushel minimum discount
Delayed Pricing
.05 drop charge plus $.00133 per bushel per day (about .04 a month) through 5/31/23. Wheat remaining unpriced on 6/1/23 will be subject to new Delayed Pricing charges in effect at that time and accumulated Delayed Pricing charges will be payable and due by 6/25/23!All rates subject to change according to market conditions.