2021-2022 Ludlow Co-op Service Rates
Crop Policies

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

13 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 8/31/22.

Delayed Pricing Rate

11 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 8/31/22.

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 bushels
1.5 cents each 1/2% moisture from 15.1% to 25.0%, then 1.25 cents per half above 25.0%.

Corn Moisture / Cents per Bushel
15.10 - 15.50, 1.5 cents
15.60 - 16.00, 3.0 cents
16.60 - 17.00, 6.0 cents
17.10 - 17.50, 7.5 cents
17.60 - 18.00, 9.0 cents
18.10 - 18.50, 10.5 cents
18.60 - 19.00, 12.0 cents
19.10 - 19.50, 13.5 cents
19.60 - 20.00, 15.0 cents
20.10 - 20.50, 16.5 cents
20.60 - 21.00, 18.0 cents
21.10 - 21.50, 19.5 cents
21.60 - 22.00, 21.0 cents
22.10 - 22.50, 22.5 cents
22.60 - 23.00, 24.0 cents
23.10 - 23.50, 25.5 cents
23.60 - 24.00, 27.0 cents
24.10 - 24.50, 28.5 cents
24.60 - 25.00, 30.0 cents

Test Weight : (“TW” on Delivery Sheet)

53.0 - 53.9, 1 cent
52.0 - 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 cents
4.1 - 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 cents
6.1 - 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 cents
1.1 - 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, 2021 drying charges will be invoiced to the patron’s account and payment will be due on January 10, 2022.

CORN remaining in Storage as of 9/1/22 will be assessed the new 2022-2023 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, 2022.

CORN remaining in Delayed Pricing as of 9/1/22 will be assessed the new 2022-2023 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, 2022.

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

Storage Charges

13 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 8/31/22.

Delay Price Rates

11 cents day of delivery plus $.001 per bushel per day (3 cents per month) through 8/31/22.

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 cent
52.0 - 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 cents
3.1 - 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 cents
0.6 - 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 9/1/22 will be assessed the new 2022-2023 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, 2022.

Beans remaining in Delayed Pricing as of 9/1/22 will be assessed the new 2022-2023 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, 2022.

Corn & beans remaining in open storage & delayed pricing from crop years 2020 & prior will be assessed the new crop 2021-2022 minimum plus daily storage rate after 8/31/21 3:00 pm. Accrued storage/dp charges thru 8/31/21 will be charged & payable by 9/25/21.

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

2021 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 discount
57.9 - 57.5 = 2 cents per gross bushel
57.4 - 57.0 = 4 cents per gross bushel
56.9 - 56.5 = 6 cents per gross bushel
56.4 - 56.0 = 8 cents per gross bushel
55.9 – 55.5 = 20 cents per gross bushel
55.4 – 55.0 = 30 cents per gross bushel
54.9 – 54.5 = 40 cents per gross bushel
54.4 – 54.0 = 50 cents per gross bushel
53.9 – 53.5 = 60 cents per gross bushel
53.4 – 53.0 = 70 cents per gross bushel
52.9 – 52.5 = 80 cents per gross bushel
52.4 – 52.0 = 90 cents per gross bushel
52.0 and below subject to rejection

Damage: Discounted Load by Load

4.1 - 5.0 3 cents each 1.0%
5.1 - 6.0 7 cents each 1.0%
6.1 - 7.0 10 cents each 1.0%
7.1 and over subject to rejection

Dockage

FM will be treated as dockage
Deducted load by load
All dockage will be deducted from gross bushels delivered.

Vomitoxin

2.1 – 3.0 PPM = 10 cents per gross bushel
3.1 – 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 discount
Musty: 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 5/31/22. Wheat remaining unpriced on 6/1/22 will be subject to new Delayed Pricing charges in effect at that time and accumulated Delayed Pricing charges will be payable and due by 6/25/22!

All rates subject to change according to market conditions.