Soybean Delayed Price Rate
8 cents per bushel per month pro-rated on a daily basis (.002666 per day) from date of delivery until priced or September 30, 2026. Any soybeans sold within 5 calendar days of delivery will have Delayed Price charges waived.
Corn Delayed Price Rates
7 cents per bushel per month pro-rated on a daily basis (.002333 per day) from date of delivery until priced or September 30, 2026. Any corn sold within 5 calendar days of delivery will have Delayed Price charges waived.
*All drying charges and grade discounts will be deducted when the grain is priced.
*Delayed Price grain cannot be used to fill forward contacts or transferred to Grain Bank.
*Delayed Price agreements must be on file within 10 calendar days of delivery.
*The ODA supplies an official document for Delayed Price transactions. The agreements are available and have no expiration. The Delayed Price agreement covers all commodities, and all future Delayed Price transactions once signed.
Corn Feed Agreement (NO CHARGE)
0 cents per month on feed agreement for harvest 2025. Delayed price charges will apply if feed agreement is sold, or grain is taken out of feed agreement to be used for anything other than manufactured feed. Feed agreement is available to feed customers for the purpose of feeding livestock.
*Grain placed on feed agreement and later sold will revert to the Delayed Price rate the day delivered. Grain placed on feed agreement and later loaded out (not sold to GSI Grain) will be subject to a 10-cent receiving and 10 cent load out charge per bushel.
Contract Offerings
- Spot Cash Sale – grain delivered to a GSI location and sold at the cash price at the time of delivery. Unless specified, bushels delivered on a “Spot Cash Sale” contract will be priced at the closing price on the day the grain is delivered.
- Forward Cash Sale – An agreement which establishes a Chicago Board of Trade futures price and basis, for a specific quantity to be delivered to a specific facility at a specific time.
- Hedge to Arrive Contract – An agreement which establishes a specific Chicago Board of Trade price on a specific quantity. Delivery period, location, and basis will be established later, corresponding with which Chicago Board of Trade futures month that is referenced and must be established before delivery. The delivery period cannot exceed 12 months from the contract date. Services fees may apply.
- Offer Contract – An agreement which “offers” a specific quantity for a specific delivery period at a specific cash or Chicago Board of Trade futures price. If the offer is hit, it will trigger either a “Spot Cash Sale” or “Hedge to Arrive” contract depending on what was specified when the offer was placed.
- Deferred Payment – Customers may elect to defer payment for grain delivered against contracts or spot sales to January, 5 2026.
Hedge to Arrive Fees
- Corn – 3c/bu for “current month.” 2c/bu extra for each CBOT futures month following.
- Soybeans – 6c/bu for “current month.” 3c extra for each CBOT futures month following.
