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 Corn
DP Direct - Effective 6/4/14, any new deliveries of corn placed directly into Wheat Growers’ DP Program will be FREE until August 1st, then 5 cents per month after August 1st. Corn still unpriced in this DP program as of noon, 10/15/2015 will be rolled into the 2015 New Crop Corn DP program in effect at that time. This DP program is being offered on a location by location basis. Elevator space may be limited.
Reminder: since title to this grain passes to the elevator at time of delivery, LDP’s cannot be taken at a later date if they become available.
**The DP program is subject to elevator space, and may be discontinued at any time.
Click here to view an important reminder on grain containing traits that are not fully approved by all major corn importers.
No Contracting Fees For Fall 2015
Wheat Growers is now buying corn, soybeans, and wheat for Fall 2015 delivery on either HTA or priced contracts with no contracting fee.
For those wanting to price bushels for delivery beyond December 2015, 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 of Grain Marketing Specialist for your contracting needs. Effective April 15, 2014
Morning Market Insight
August 22, 2014
Producer Marketing Manager
CORN: As of 7:45 – Up 1
The ProFarmer Tour wrapped up in Rochester, MN yesterday and final estimates will be released