2019 Iowa Discounts & Rates

MyGrower Account Access 

Corn Drying Rates

• 2.90 cents per point of moisture removed (figured to the 1/10th percent)
• Corn is dried to 15% moisture for sales, basis contracts, and DP, and 14% moisture to store
• 1.35% total shrink

Bean Moisture Discounts

• 1% of price each ½% moisture over 13% to 15%
• 2% of price each ½% moisture over 15%
• Over 17% is subject to rejection

Storage Rates

Corn:  

Minimum storage:        16.00 (cents)

After 90 days storage accrues daily at 2.95 cents/month pro-rated daily. Minimum will buy you 90 days of storage based on the weighted average delivery date.

Beans:          

Minimum storage:          20.00 (cents)

After 90 days storage accrues daily at 3 cents/month pro-rated daily.  Minimum will buy you 90 days of storage based on the weighted average delivery date.

Warehouse Receipt

When grain is sealed and a warehouse receipt is issued; storage, freight and drying must be paid in advance. A warehouse receipt will not be issued if this is not done. If you are not sealing your grain, you do not need a warehouse receipt. Your scale tickets are proof of storage.

Delayed Price

Corn:  

25.00 cents flat until September 30th. Must price using spot month bid.

Beans:

25.00 cents flat until September 30th. Must price using spot month bid.

Declaration of Grain

All grain delivered to TriOak facilities must be declared as sold (contract/spot) or stored by Monday evening of the week following delivery. If no declaration is made at or prior to that time, grain will automatically be placed in storage.

Contacts:

Oakville/Bushnell – 319-766-2230

Morning Sun – 319-868-5720

Olds – 319-766-2230

Richland – 319-456-6251