The Viserion Grain team strives to make sure that it connects growers to buyers both domestically and globally. We source high quality grains and oilseeds from across North America to meet growing global demand. Our livelihood depends on the success of local farming communities and that’s why we put producers first – through exceptional service, fair pricing, and expert marketability for their crops.
Target Price Order “Open Order”
The customer sets a target price that if hit will result in a fixed price contract or as pricing for delayed price bushels. If the target is hit the contract is written or the delayed price bushels are settled.
Flat Price Contract
An agreement that establishes a fixed price, Chicago Board of Trade plus local basis, for a specified amount of grain to be delivered to a named location during an agreed upon delivery period.
Hedge To Arrive Contract (HTA)
At the time of contracting, the futures price is established, and final price is then determined when the basis is set. The basis must be set prior to time of delivery or before the contract expiration date.
Minimum Price Contract
This contract establishes a guaranteed base price protecting you against lower prices but permits participation if the market rallies. The final price will be the minimum price plus any value the option provides if the market rallies prior to the expiration of the option.
At the time of contracting, the basis is established, and final price is then determined when the board price is set. Board price must be set prior to expiration date in the contract. Basis contracts may be rolled forward to another board contract month, at the spread between the futures months, plus a fee for a contract change.
Delayed Pricing (DP)
This contract allows a producer to move grain to a location without establishing any price. Charges vary with market conditions.
It is important to note that, unlike storage, title to the grain passes to the buyer upon delivery. Producers will not be able to use price later grain as collateral for government loans or Loan Deficiency Payments (LDP). Service charges are based on market differentials (carries/inverses) and may or may not be less than storage charges.
Available as both a mobile application and website, MyGrower is the leading mobile solution for reliable access to real-time account information.
- Enjoy 24/7 access to your business data in real-time from your mobile device or computer
- Run your own reports and print and save them as needed
- Save and print other documents such as statements, tickets, contracts, settlements, and invoices
- Add your own ACH details and make payments without the need for mailing or coming into the elevator
- Send requests and other communication to the elevator through MyGrower
For more information about implementing MyGrower into your operation, contact Viserion Grain today.