Loan Deficiency Payments (LDPs)
The loan deficiency payment (LDP) program is an excellent tool for marketing grain when conditions are most favorable.
When producers enter the program, they can choose to receive a loan against their crop, or if prices are low, they can choose to be paid an LDP instead of taking out a loan.
LDP rates change daily and are determined for each county and crop according to loan rates and calculated posted county prices.
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.
New DP Program For Corn & Wheat
Wheat Growers New DP program has dropped to $0.3 on Corn and Wheat!
Click here for details or contact your local Grain Marketing Specialist!
Morning Market Insight
Acreage increased across the board which was a bit suprising for the corn market. Soybeans increased but not quite as much as the average trade estimate. Initial reaction has corn weaker, beans higher, and wheat mixed.