Grain

Cash Bids & Futures Snap Shot

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Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

GRAIN

At Glacial Plains Cooperative, we are the partners you can count on. Our grain department helps you navigate the volatile grain market by keeping on top of trends day-in and day-out.

There’s a lot of uncertainty in the grain market, so having a solid marketing plan in place is key to your success and profitability. We’re here to help you work through your production costs and take a layered approach to market opportunities by offering a wide variety of services to provide several contracting options.
 
We operate five different grain locations in West Central Minnesota with a total licensed capacity of 14.6 million bushels to ensure that we can meet your storage needs. If you store grain on-farm, we have a network of industry connections to help you get the most for your grain, and we can pick it up and deliver it to our elevator. Call Grain Division Manager Craig Kavanagh in the Murdock office for bids picked up on farm.
 
Grain Division Manager
Craig Kavanagh
320-875-2811 (ext. 108)
ckavanagh@glacialplains.com                 
320-905-3215     ckavanagh@glacialplains.com                 
 
Combine harvesting beans

Grain Commentary

Glacial Plains Cooperative
10/17/2019

10/17/2019

Informa was out yesterday and says next year’s corn acres are going to be 95.27 million with a yield of 178.5 bpa.  Bean acres are thought to be 85.345 million with a yield...

Oct 17, 2019
Glacial Plains Cooperative
10/16/2019

10/16/2019

I mentioned yesterday that the markets were concerned about the killing frost over the weekend, but I didn't give any information to back that up.  South Dakota 53% mature vs...

Oct 16, 2019
Glacial Plains Cooperative
10/15/2019

10/15/2019

Trade talks with China seem to still be progressing, but it remains day to day on good and bad vibes.  The good news is that it seems like China and the US are now posting similar...

Oct 15, 2019
Glacial Plains Cooperative
10/14/2019

10/14/2019

Overnight markets gapped higher, but that didn't last very long as we traded lower on both corn and beans at the coffee break......

Oct 14, 2019
GRAIN MERCHANDISING

Grain purchasing hours at all Glacial Plains Cooperative locations are 8 a.m. to 2 p.m. Monday through Friday, unless markets are closed. We also take sell orders so we can work your offers during overnight trade.

If you’d like to sign up for mobile or e-mail Cash Bid alerts, please click below.
GLACIAL PLAINS MOBILE APP

Keep up to date information at your fingertips by downloading The Glacial Plains Cooperative app. The app is available for both android and apple users. includes market information, cash grain bids, and contact information.

Click the appropriate icon below to download to your phone or tablet:
 
CONTRACT OPTIONS

We are proud to be able to offer a wide variety of grain contracts for both Old Crop & New Crop bushels at Glacial Plains Cooperative. Click On Each Contract To Learn More:

Cash Sale

Producer calls or delivers grain and prices grain at the market, and immediately takes settlement.

Minimum Price Contract

  • Establishes a minimum price for the grain while giving the opportunity for additional value if the market rallies
  • Available in 5000 bushel increments
  • Options must be purchased at the time of sale

Hedge-to-Arrive

  • Establishes a fixed futures price and leaves the basis level unset
  • $0.02/bu fee for Dec 2019
  • $0.06/bu fee for Dec 2020
  • Available in 1000 bushel increments
  • Basis must be set prior to First Notice Day of the reference futures month
  • Contract is allowed to be rolled to subsequent trading months within the same crop year, with a roll fee to apply per contract month

Basis-Fixed

  • Establishes a fixed basis level and leaves the futures unpriced
  • Futures must be priced prior to First Notice Day of the reference futures month
  • Basis can be rolled forward at the cost of the carry, plus a small roll fee will apply

Price Builder Basis (CHI Compass Contract)

  • Provides the ability to market bushels every day of a contract period at a floor price level above the futures level that exists at the time the contract is created
  • Advantages include the ability to sell bushels above current futures

Daily Price Plus (CHI Compass contract)

  • For the producer who wants a premium above today's price with the security of a guaranteed floor, and is willing to sell additional production
All Grain Contracts are subject to a cancellation fee in addition to any market variance for non-delivery. Please contact your local Glacial Plains buyer for more information about our grain contract options.
HARVEST POLICY & DISCOUNT SCHEDULE

Glacial Plains Cooperative Harvest Policy

Effective Sep. 18, 2019, subject to change without notice
2019 Price Later Program-Corn & Soybeans
  • Corn service charges are 5 cents per month (pro-rated). NO minimum will apply.
  • Soybean service charges are 5 cents per month (pro-rated). NO minimum will apply.  
  • Un-priced grain must be priced by Oct. 14, 2020. If not, it will be priced automatically, without further notice, at the 8:30 a.m. market open of Oct. 15, 2020. 
  • On Price Later corn, title has passed to Glacial Plains.
Corn
Soybeans
All Grains

Have a Safe Harvest!

Grain Pile in front of a cooperative

Grain Team

Grain Elevator Locations