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.
Free DP on Soybeans
Effective December 24th, Wheat Growers is offering Free DP on new deliveries of soybeans! We are still $.03 per bushel per month for corn and wheat.
Talk to your nearest location for details!
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Corn Drying Charges Reduced
Effective October 2, 2012, there will be NO drying charge on new deliveries of corn on loads that are 18.0% moisture or less. On loads over 18.0% moisture, drying charges will be reduced to 5 cents per point of moisture starting at 14.5% (or 15% at Huron and West Terminal). Shrink is still applied load by load.
Talk to your Wheat Growers Grain Marketing Specialist for more information!
Morning Market Insight
Record Tight Bean Carryout Projection Drives Futures Higher