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:

Mon - Fri 7 am - 5 pm
Down to one pit Friday for maintenance

Interested in a 30 min session of Marketing 101?
Call (641)524-5612 for more details.


If you haven't been to our facility since Dec 18th, stop in the scalehouse for a new card prior to probing or pulling onto the co-product scale.

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

https://bushel.ag/flint-hills-resources/

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

MONTH BID BASIS FUTURES FUTURES MONTH PRICE CHANGE
2018          
Feb 3.46 -0.22 3.6750 H18 -0.0025
Mar 3.47 -0.21 3.6750 H18 -0.0025
Apr 3.45 -0.30 3.7500 K18 -0.0050
May 3.50 -0.25 3.7500 K18 -0.0050
Jun 3.53 -0.30 3.8275 N18 -0.0025
Jul 3.56 -0.27 3.8275 N18 -0.0025
Aug 3.55 -0.35 3.8950 U18 -0.0025
Sep 3.55 -0.35 3.8950 U18 -0.0025
Oct 3.62 -0.35 3.9700 Z18 -0.0050
Nov 3.62 -0.35 3.9700 Z18 -0.0050
Dec 3.77 -0.20 3.9700 Z18 -0.0050
2019          
Jan 3.80 -0.25 4.0475 H19 -0.0050
Feb 3.80 -0.25 4.0475 H19 -0.0050
Mar 3.80 -0.25 4.0475 H19 -0.0050
Apr 3.80 -0.30 4.0975 K19 0.0
May 3.80 -0.30 4.0975 K19 0.0
Jun 3.86 -0.28 4.1425 N19 0.0025
Jul 3.86 -0.28 4.1425 N19 0.0025
Aug 3.75 -0.35 4.0975 U19 0.0
Sep 3.75 -0.35 4.0975 U19 0.0
Oct 3.72 -0.40 4.1225 Z19 0.0075
Nov 3.72 -0.40 4.1225 Z19 0.0075
Dec 3.72 -0.40 4.1225 Z19 0.0075

Price as of 2/17/2018 5:43:54 PM CST. Refresh for current price. All future prices are delayed at least 10 minutes.

Customer Appreciation Event  (click for details)

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


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If you prefer our deferred payment option, please call us prior to delivery.

Max Cornelison
Commercial Manager
(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. Each truck will be given an RF badge which will hang from the passenger visor with a provided alligator clip.  These tags have a 15’ range so drivers will never need to remove them from the visor.

  2. The badge is only tied to the truck because as we all know trucks can haul for multiple customers

  3. While at the probe station, drivers will be required to answer our FDA Compliance question regarding prior load on the SmartTouch screen.

  4. When truck pulls up to probe station the driver will view the following information on the message board:

    1. Truck ID: 

    2. Farm account:  Farm account name displayed will be the last account this truck hauled for.  If different, driver will call probe operator over intercom and it will be updated accordingly and displayed for driver to confirm.

  5. Other information such as split percentages will also be displayed at the probe.

  6. Once probing has completed, truck will be told on message board to “Proceed to scale”

  7. Truck will be automatically identified on inbound scale and weighed in automatically.  Once weight is taken driver will be told to proceed to dump pit and given a green light.

  8. After dumping truck will drive to outbound scale and once again will be identified by RF badge automatically.

  9. Outbound weight will be taken and ticket will print automatically from outdoor printer.  There will be a “re-print” button on the printer which will allow drivers to obtain multiple copies as needed.
     

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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