Do you need a grain marketing partner?
We’re here to help.
We’re here to help.
Topflight Grain offers several marketing programs, designed to complement your marketing plan. These programs create diversification in marketing, spreading risk between several strategies. If one, or all, of these programs, interest you, we suggest that you commit a portion of your production to the program and that you market some grain through your plan.
To protect the investment in your crop and its marketing, Topflight Grain also offers crop insurance, assistance, and coverage.
Each year Topflight Grain offers to its patrons a Marketing Pool in which producers can commit a specified number of bushels for the Topflight staff to market. 570,000 bushels of corn & beans have been enrolled in the 2020 Marketing Pool. Some of the features of the marketing pool concept:
Sign-up for each program year concludes on December 31, before the new crop year. Please contact your local Topflight office for more information.
The average price program markets corn & beans during the historical contract highs. These contract highs typically occur during the winter and spring months prior to harvest. Taking advantage of this opportunity, the average price contract sells equal portions of grain each week. Corn prices are established during the period from January-June. Bean prices are established during the period from January-early August. Payment for the Average Price Contract can be made after delivery during harvest or deferred to January. At the end of the pricing period, the producer may choose to purchase a call option, as up-side price protection on the contract. Approximately 1 million bushels of corn & beans have been enrolled in the 2020 Average Price Program.
If you prefer a customized average price contract, Jon Carr at Milmine can create a program just for you, based on your time frame. Call Jon at 217-763-6311, to create your personal customized average price contract.
Sign-up for the average price contract concludes on December 31, before the new crop year. Please call the Monticello office, at 1-217-762-2163, for more information, or contact your local Topflight office.
The protection of crop insurance is required by many lenders and the FSA, as well as being a risk management tool chosen by many producers. As with most insurances, crop insurance provides various levels of protection at various costs.
Crop insurance information and coverage are available in Topflight’s office in Monticello, through Derrick Bruhn, and in the Bement office through Andy Lawhead. They have studied the programs available, and have information to assist producers with decisions, based on levels of coverage and the cost for that coverage. All producers are welcome to discuss crop insurance needs with Derrick or Andy. Coverage may be purchased from them, or through another crop insurance agent. Either way, they will be happy to assist you.
If you would like assistance through the Internet, the University of Illinois farmdoc website has a very informative section at www.farmdoc.illinois.edu/cropins/index.asp.
****Commodity trading is risky and Topflight Grain Cooperative assumes no liability for the use of any information contained herein. Past financial results are not necessarily indicative of future performance. Neither the information, nor any opinion expressed, constitutes a solicitation to buy or sell futures or options on futures contracts, or OTC products. All rights reserved.
*contract basis must be established prior to delivery
This type of contract allows producers to price bushels above the market price, if certain conditions are met. Contents of the contract include an accumulator futures sale price, a knock out barrier, and a specific pricing period. The accumulator futures sale price is set above the market, the knock out barrier is below the market, and the pricing period will be a specific time frame. Pricing will occur in equal amounts as determined in the contract at the accumulator futures sale price. Within the contract parameters, if the market falls below the knock-out price, pricing is finished; if the market price closes above the contract price, the amount of bushels being priced will double. The parameters for these contracts change as the market fluctuates. The fee for these types of contracts varies; please contact your local Topflight office for more information.