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 7-11am
Sat 7-10am
Mon-Wed 7-5

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


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Now writing no-fee HTA's!

Distillers Loading:

5am-7pm Sunday-Saturday

Follow us on Twitter @fhrfairbank! 

MONTH BID BASIS FUTURES FUTURES MONTH PRICE CHANGE
2017          
DEC 3.28 -0.25 3.5275 H18 0.0125
2018          
JAN 3.28 -0.25 3.5275 H18 0.0125
FEB 3.28 -0.25 3.5275 H18 0.0125
MAR 3.25 -0.28 3.5275 H18 0.0125
APR 3.33 -0.28 3.6100 K18 0.0100
MAY 3.33 -0.28 3.6100 K18 0.0100
JUN 3.34 -0.35 3.6925 N18 0.0075
JUL 3.34 -0.35 3.6925 N18 0.0075
AUG 3.37 -0.40 3.7650 U18 0.0100
SEP 3.37 -0.40 3.7650 U18 0.0100
OCT 3.45 -0.40 3.8500 Z18 0.0100
NOV 3.45 -0.40 3.8500 Z18 0.0100
DEC 3.60 -0.25 3.8500 Z18 0.0100
2019          
JAN 3.64 -0.31 3.9475 H19 0.0100
FEB 3.68 -0.27 3.9475 H19 0.0100
MAR 3.67 -0.28 3.9475 H19 0.0100
APR 3.71 -0.30 4.0125 K19 0.0050
MAY 3.73 -0.28 4.0125 K19 0.0050
JUN 3.76 -0.30 4.0600 N19 0.0050
JUL 3.76 -0.30 4.0600 N19 0.0050
AUG 3.75 -0.30 4.0475 U19 0.0025
SEPT 3.65 -0.40 4.0475 U19 0.0025
OCT 3.68 -0.40 4.0750 Z19 0.0025
NOV 3.68 -0.40 4.0750 Z19 0.0025

Price as of 12/10/2017 6:20:08 PM CST. Refresh for current price. All future prices are delayed at least 10 minutes.

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

 Amber Decker
Merchandiser
Amber.Decker@fhr.com

Josh Sonnabend
DDG Merchandiser
Josh.Sonnabend@fhr.com
 
Beth Albrecht
Merchant Assistant
Beth.Albrecht@fhr.com

We are testing for levels of vomitoxin and high levels will be rejected.

Bushels without a contract will be spotted at the closing price on the day of delivery!

Customers needing to defer payment must call before delivering bushels.

FHR will not accept deliveries of treated seed.
 

Moisture
Over 19.0% - Subject to rejection
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 cent charge per half point for loads 17.1% and above.
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
3 cents per point 5.1% - 10%
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

Fairbank Printable Discount Schedule.pdf
 

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