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Sherry Lorton: Dec 2, 2014
The typical discussion that occurs with a farmer at the elevator or coffee shop centers a lot around price.
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Sherry Lorton: Nov 18, 2014
One of the greatest weapons in a grain merchandiser's arsenal can be making deferred basis sales. It can be a great way to reduce basis risk, reduce...
2 min read
Despite just wrapping up an intense and at times nauseating, campaign season, I am not referring to politics here. Another way of phrasing this...
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Simply stated, the shared burden of both the basis and futures is to move grain. When these signals are interpreted correctly, this task is...
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Sherry Lorton: Oct 28, 2014
As the Controller, CFO or CPA responsible for producing financial statements for your company’s grain division, do you sometimes feel that you are...
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By this point in the harvest season, the writing on the wall has become the chicken coming home to roost. That is, this massive crop that kept all...
1 min read
In many parts of the world, grain merchandisers have just begun taking in a huge harvest. Dealing with logistics, limited space, slower than normal...
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Price Later (PL) Fees are unlike any other fees charged by grain elevators. For a background on PL Fees and what causes them to change, check out...
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Understanding the idea of Minimum Price Contracts
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Depending on what area you are in, you may hear it called Price Later (PL), Delayed Price (DP), or No Price Established (NPE). All of these terms...
