Grain Contracts Delivery Policies

All contracts must be signed by the producer and returned to a Gwinner Farmers Elevator station before any settlements can be finalized and checks issued!

Grain Contracts:  All grain contracts will be mailed out and the seller should sign and return as soon as possible.  Seller will notify Gwinner Farmers Elevator of any disagreement with contract terms.

Grain Delivery for Contract Application:  All scale tickets will be applied to the oldest open contract for the delivery period.  If there are no open contracts, or the contracts are filled, grain will remain in open storage or on the price later program in effect at that time.

Futures Fixed Contract Application:  On Futures Fixed contracts, basis will be set on the entire contract quantity on the first day of delivery if the basis has not been set before delivery.

Pricing:  Pricing of open storage, price later and basis fixed grain should be done during the trading session (9:30 AM to 1:15 PM) unless agreed to otherwise.

Flat Price Contracts:  Pricing of flat price contracts should be done during the trading session (9:30 AM to 1:15 PM) unless agreed to otherwise.  We will take target orders at any time. 

Price Later Contracts:  We offer various price later programs throughout the year.  Please check with us for the program that is in effective at the time.

Settlements:   Grain settlements can almost always be made on the day of sale.  It will be helpful if customers call ahead so settlements will be made promptly.  We will honor all security interests which are known to us.

Installment Sale Contracts:  Gwinner Farmers Elevator offer installment sale contracts and payment will be made the first week of January and checks can be picked up at the offices in Gwinner or Forman.  Checks will be mailed out upon request.