CORN BIDS & HOURS

We purchase 288 million bushels of corn each year for processing at our network of ethanol plants. This adds up to more than just a transaction. It’s the basis for creating valuable products, jobs and stronger communities to help power our nation. 

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Mailing Address

1277 102nd St., Fairbank, Iowa 50629

Merchandising Office

319-635-9404

Email

FairbankFlintHills@fhr.com

Receiving Hours:

Corn Hours:
Fri 6am-7pm
Sat 8am-6pm
Sun Closed
Mon-Tues Noon-8pm

Join us for our Agribusiness Annual Seminars!

Dec 3rd at Waverly Veterans Post
Dec 4th at Heartland Acres, Independence
8am-2pm
RSVP by Nov 25th

Agenda Items:
Basis & Cash Market Outlook, 2020 Crop Insurance, Marketing your Vision, 2018 Farm Bill, Ethanol Update Q&A, Nitrogen Do's & Don'ts


Direct Deposit Form here

Interested in seeing your tickets, contracts and settlements online? Call us today to have your portal set up!

Call us today to ask about our Custom Average Futures Price Contract!

*Download our App today by searching "Flint Hills" in the App Store on your phone!

REMINDER:
*All corn delivered without contract will be spotted.
*Defer payment must be requested before corn delivery.


Distillers Loading: 24 hours per day/7 days per week

MONTH BID BASIS FUTURES FUTURES MONTH PRICE CHANGE
2019          
NOV 3.57 -0.12 3.6850 Z19 0.0075
DEC 3.61 -0.08 3.6850 Z19 0.0075
2020          
JAN 3.61 -0.17 3.7775 H20 0.0050
FEB 3.61 -0.17 3.7775 H20 0.0050
MAR 3.61 -0.17 3.7775 H20 0.0050
APR 3.61 -0.23 3.8375 K20 0.0075
MAY 3.61 -0.23 3.8375 K20 0.0075
JUN 3.64 -0.25 3.8925 N20 0.0050
JUL 3.64 -0.25 3.8925 N20 0.0050
AUG 3.63 -0.26 3.8900 U20 0.0050
SEPT 3.63 -0.26 3.8900 U20 0.0050
OCT 3.58 -0.35 3.9325 Z20 -0.0025
NOV 3.58 -0.35 3.9325 Z20 -0.0025
DEC 3.65 -0.28 3.9325 Z20 -0.0025
2021          
JAN 3.74 -0.30 4.0400 H21 0.0
FEB 3.74 -0.30 4.0400 H21 0.0
MAR 3.74 -0.30 4.0400 H21 0.0
APR 3.79 -0.30 4.0925 K21 0.0
MAY 3.79 -0.30 4.0925 K21 0.0
JUN 3.83 -0.30 4.1250 N21 0.0
JUL 3.83 -0.30 4.1250 N21 0.0
AUG 3.76 -0.30 4.0550 U21 0.0
SEPT 3.76 -0.30 4.0550 U21 0.0
OCT 3.72 -0.35 4.0725 Z21 0.0
NOV 3.72 -0.35 4.0725 Z21 0.0

Price as of 11/19/2019 2:09:23 AM CST. Refresh for current price. All future prices are delayed at least 10 minutes.


 

Torrey Martin 
Sr. Merchandiser
Torrey.Martin@fhr.com

Tyler Swenson
Merchandiser
Tyler.Swenson@fhr.com

Ryan Smith
DDG Merchandiser
319-284-0445
Ryan.Smith@fhr.com
 
Beth Albrecht
Merchant Assistant
319-635-9403
Beth.Albrecht@fhr.com

Basis and HTA contracts are free to write but will have a 2 cent roll fee. Any questions please call.


Customers needing to defer payment must call before delivering bushels.

FHR will not accept deliveries of treated seed.

Moisture
Moisture Shrink down to 15.5%.  All loads over 15.5% will have moisture shrink applied at 1.4% for each 1.0% over 15.5% calculated to the nearest tenth.  (1.18% moisture shrink and 0.22% handling loss).
2 cents per half point 17.1-18.0%
3 cents charge per half point 18.1-19.0%
19.1% and higher subject to rejection or discount as agreed upon by FHR and Seller. Please call before delivery.
All corn moisture is settled by the load.

Test Weight
Under 48 lbs - Subject to rejection
One cent each lb below 53.9 lbs to 51 lbs
Three cents each lb below 50.9 lbs to 48 lbs
Test weight is settled on a load by load basis 

Damage
Over 10.10% - Subject to rejection and 3 cents per point
2 cents per point 5% to 7%
3 cents per point 7.1% -10 %
Over 10.10% - 3 cents per point
Damage discount is settled by the load basis  

Foreign Material
Over 10.10% - Subject to rejection
5.1% - 5.9% - 3 cents
6.0% - 6.9% - 6 cents
7.0% - 7.9% - 9 cents
8.0% - 8.9% - 12 cents
9.0% - 10% - 15 cents
5 cents per point 10.1% and above
Foreign material discount is settled by the load

Other
Sour - 10 cent discount
Musty - 10 cent discount
Weevils - 10 cent discount
All subject to rejection

ALL DISCOUNTS SUBJECT TO CHANGE WITHOUT NOTICE

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