2009 YELLOW CORN D.P. PROGRAM

EFFECTIVE AUGUST 24, 2009

 

 

A.  NO D.P. SERVICE CHARGE IF YELLOW CORN IS SOLD WITHIN FIRST 30 DAYS FROM DATE OF DELIVERY.  NO ADDITIONAL DAYS GRACE ALLOWED IF YELLOW CORN IS NOT SOLD WITHIN FIRST 30 DAYS. (ANY GRAIN IN D.P. WILL ACCRUE APPLICABLE SERVICE CHARGES IF IT IS SOLD BASED ON BEING APPLIED TO A FUTURE DELIVERY PURCHASE CONTRACT.)

 

B.  YELLOW CORN NOT SOLD WITHIN 30 DAYS FROM DATE OF DELIVERY WILL ACCRUE A SERVICE CHARGE AT THE RATE OF .00166 CENTS PER BUSHEL PER DAY THROUGH FEBRUARY 28, 2010.

 

C.      NO ADDITIONAL CHARGE AFTER MARCH 1, 2010 IF PRICED BY SEPTEMBER  30,  2010.

 

D.      ALL BUSHELS NOT PRICED BY OCTOBER 1, 2010 WILL ACCRUE AN ADDITIONAL 15 CENTS PER BUSHEL SERVICE CHARGE EACH YEAR THEREAFTER.

 

E.      ALL MOISTURE AND QUALITY STANDARDS OR STOCK REQUIREMENTS FOR D.P. BUSHELS WILL BE THE SAME AS ANY OTHER YELLOW CORN RECEIVED DURING THE SAME PERIOD OF TIME.

 

F.      FEES FOR 2009 D.P. PROGRAM MAY CHANGE BASED ON MARKET CONDITIONS.  ALL BUSHELS DELIVERED PRIOR TO ANY CHANGE WILL ONLY BE SUBJECT TO ABOVE D.P. PROGRAM.