Deferred Payment Program
Wheat Growers is currently offering an interest rate program for new deferred payment contracts.
New or amended Deferred Payment with a due date:
- Any contracts deferred two years or less from the notification date will receive a fixed interest rate of 2%.
- Any contracts deferred over two years from the notification date will receive a fixed interest rate of 2.5%.
When deferring payments, please contact your local Wheat Growers Grain Bookkeeper and identify the date that you want to defer your payment to.
Wheat Growers will allow you to amend your deferred payment contract when the current deferred payment agreement expires. A customer can amend a deferred contract only with a signed addendum and a new signed Deferred Contract.
Producers can amend current deferred payment contracts from the day the contract is written up to one business day prior to its due. The addendum will not go into effect until the due date of the current contract and a signed copy of your addendum is received. We will use the interest rates in effect at the time the signed addendum is received.
*Please remember that all programs are subject to change without prior notice.
New DP Program for Corn & Soybeans
Wheat Growers' Fall DP Program is $0.05/bu per month for both Corn and Soybeans!
Click here for details or contact your local Grain Marketing Specialist!
Zero Tolerance On Treated Seed In Grain
With the spring planting season nearly complete we wanted to remind to you make sure all your grain handling equipment is thoroughly cleaned and inspected before using it for the loading and transport of grain. In order to comply with the US Food and Drug Administration and the US Grain Standards Act, Wheat Growers hasa ZERO TOLERANCE policy for Treated Seed found in grain. Any loads with Treated Seed found in the grain will be rejected.
Click here to view the poster that was sent out by the SD Grain and Feed Assoc.
Thank you for your understanding.
No Contracting Fees For Fall 2017
Wheat Growers is now buying corn, soybeans, and wheat for Fall 2017 delivery on either HTA or priced contracts with no contracting fee.
For those wanting to price 2018 harvest bushels, the following fees will apply to the contract price:
Corn - $0.05/bu
Soybeans - $0.10/bu
Wheat - $0.08/bu
Please contact your nearest Wheat Growers location or Grain Marketing Specialist for your contracting needs. Effective April 14, 2016.
Morning Market Insight
Grain Marketing Specialist
Corn: As of 7:45- 3 lower
Export sales yesterday ended up less than expected and along with harvest pressure this market looks to be on the defensive