YELLOW CORN DISCOUNTS

EFFECTIVE 8-15-05

TABLE

LEVEL OF MOISTURE CONSIDERED DRY FOR PURCHASE 15.0 6

LEVEL OF MOISTURE CONSIDERED DRY FOR D.P 15.0 6

LEVEL OF MOISTURE CONSIDERED DRY FOR STORAGE 14.0 S

LEVEL OF MOISTURE CONSIDERED DRY FOR WAREHOUSE RECEIPT 14.0 S

MOISTURE DISCOUNTS

1.65 % PER ½ PT OVER 15.0% 15.1% -15.5% .0165 X PRICE

(moisture discount change) 15.6% -16.0% .0330 X PRICE

16.1% -16.5% .0495 X PRICE

DAMAGE 5.0% ALLOWED $.01 PER POINT 5.1% - 20.0%

*** OVER 20.0% SUBJECT TO REJECTION

F.M. 3.0% ALLOWED $.01 PER POINT 3.1% - 10.0%

*** OVER 10.0% SUBJECT TO REJECTION

T.W. 54.0 ALLOWED POUNDS $.01 PER POINT BELOW 54.0

SOUR -$.10

MUSTY -$.05

INFESTED -$.05

HEAT DAMAGE

.03 – 1.0% -$.02

1.1 – 2.0% -$.06

2.1 – 3.0% -$.10

3.1 – 4.0% -$.20

4.1 – 5.0% -$.30

****** OVER 5.0% SUBJECT TO REJECTION

**** SUBJECT TO CHANGE WITHOUT NOTICE