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

3363 Talon Ave Menlo, Iowa 50164

Merchandising Office

641-524-5612

Scale Office

641-524-5611

Fax Number

641-524-5711

Email

MenloFlintHills@fhr.com

Receiving Hours:

Week of Dec 11th 
Mon- Thu 7am-5pm
Fri 15th CLOSED

Download our App today by searching "Flint Hills Bushel" in the App Store on your phone! (Favorite Menlo to receive our notifications.)


DDGS Loading Hours
Everyday: 6 am - 6 pm
Loading in flat Friday afternoons 

MONTH BID BASIS FUTURES FUTURES MONTH PRICE CHANGE
2017          
Dec 3.27 -0.26 3.5275 H18 0.0125
2018          
Jan 3.25 -0.28 3.5275 H18 0.0125
Feb 3.28 -0.25 3.5275 H18 0.0125
Mar 3.28 -0.25 3.5275 H18 0.0125
Apr 3.36 -0.25 3.6100 K18 0.0100
May 3.36 -0.25 3.6100 K18 0.0100
Jun 3.39 -0.30 3.6925 N18 0.0075
Jul 3.39 -0.30 3.6925 N18 0.0075
Aug 3.42 -0.35 3.7650 U18 0.0100
Sep 3.42 -0.35 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 3.55 -0.30 3.8500 Z18 0.0100
2019          
Jan 3.60 -0.35 3.9475 H19 0.0100
Feb 3.60 -0.35 3.9475 H19 0.0100
Mar 3.60 -0.35 3.9475 H19 0.0100
Apr 3.66 -0.35 4.0125 K19 0.0050
May 3.66 -0.35 4.0125 K19 0.0050
Jun 3.71 -0.35 4.0600 N19 0.0050
Jul 3.71 -0.35 4.0600 N19 0.0050
Aug 3.70 -0.35 4.0475 U19 0.0025
Sep 3.70 -0.35 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
Dec 3.68 -0.40 4.0750 Z19 0.0025

Price as of 12/10/2017 6:20:56 PM CST. Refresh for current price. All future prices are delayed at least 10 minutes.

We are testing for levels of vomitoxin; high levels subject to rejection.

DEFERRED PAYMENT
If you prefer a deferred payment option, please call us prior to delivery.

Max Cornelison
Sr. Merchandiser
(641) 524-5613 Cell: (515) 344-5097
Max.Cornelison@fhr.com
 
Sarah Jungman
Merchandiser
(641) 524-5644 Cell: (515) 491-5753
Sarah.Jungman@fhr.com

Kaitlin Ihns
Merchandiser
(641) 524-5614 Cell: (515) 631-9483
Kaitlin.Ihns@fhr.com  
 
Angie Prochaska
Merchant Assistant
(641) 524-5631
Angela.Prochaska@fhr.com

GRAIN POLICIES

DISPOSITION
Our Scale Tech will need accurate information concerning owner’s name(s); including split. Be sure to check scale ticket for accuracy before leaving.  Changes will not be made to a scale ticket’s ownership after close of business the day of delivery. All grain delivered will be applied to an existing contract or priced at the closing bid on the day of delivery, unless prior arrangements have been made.

CORN RECEIVING HOURS
7:00AM – 5:00PM Monday – Friday
During harvest our corn receiving hours will be extended on weekdays and weekends as space allows.
*Hours are subject to change.
Corn receiving hours can also be found on our website
www.fhr.com or by calling (641) 524-5612.

DELIVERING YOUR CORN

  1. Upon arrival at the plant, pull under the corn probe. Once you’ve received the green light, proceed to the north scale.

  2. Our scale technicians will ask you for the owner of the corn. We are on CB channel 33.

  3. After you’re weighed in, the scale techs will give you the green light to proceed to the appropriate corn dump.

  4. After dumping your corn, head east then back to the south scale.

  5. Once you’re weighed out, the ticket will print at the scale. Please double check your ticket to ensure the information is accurate.
     

CREDIT SALE CONTRACTS
A credit sale contract (basis, price later, & deferred payments) will be issued for which the seller is required to sign, date, and return to Flint Hills Resources within 30 days from first delivery date (Iowa Code § 203.1(3)).  If any credit sale contract remains unsigned, on the 30th day from the 1st day of delivery, state law requires Flint Hills Resources to price the grain and issue a check. There are no exceptions and no reversals.

SETTLEMENT AND PAYMENT
Checks and settlements are mailed from our accounting office in Wichita. (We do not print checks at the Menlo plant.)

Want to receive your payment faster?  Sign up for Direct Deposit.
Settlement for spot loads are made the day after delivery and checks are mailed the following day.
Partially filled contracts are settled every Tuesday and checks are mailed on Wednesday.
Contracts are settled when full and a check is mailed the following day.

DEFERRED PAYMENT
If you prefer a deferred payment option, please call us prior to delivery.
 
*All grain policies are subject to change at any time without notice.


Distillers

If you have interest in purchasing dry or modified distillers from Menlo, please call (641) 524-5631 and speak with Angie.  All customers must have an account setup prior to purchase/pickup of product.  Thank you!

Moisture
Farmers - Greater than 20% subject to rejection
Elevators - Max of 17% 
All Moisture Shrink to 15.5%.
All loads over 15.5% will have moisture shrink applied at 1.4% for each 1% over 15.5% to 17.0% (1.18% moisture shrink and 0.22% handling loss)
All loads over 17.0% will have moisture shrink applied at 1.8% for each 1% over 17.0%. (1.18% moisture shrink and 0.62% handling loss)
All corn moisture is settled on a load by load basis

Test Weight
Under 48 lbs - Subject to rejection
One cent discount each lb below 54 lbs to 51 lbs
Three cent discount each lb below 51 lbs to 48 lbs
Test weight is settled on a load by load basis

Damage
Over 10% - Subject to rejection
Damage discount 2 cents per point 5% to 7%
3 cents per point 7% -10 %
Damage discount is settled on a load by load basis


Foreign Material
Over 10% - Subject to rejection
Discount 2 cents per point 3% - 5%
3 cents per point 5% - 7%
5 cents per point 7%-10%
Foreign material discount is settled on a load by load basis


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

*All discounts subject to change without notice
Updated 8/22/2017
Printable Discount Schedule.pdf

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