Double Duty: Marketing Your Old and New Crop
August 7, 2019
It’s mid-way through the growing season, with harvest around the corner. If you still have some bin bushels to clear out, you face marketing decisions on two crops—old and... Read More
Grain prices can fluctuate significantly on a day-to-day basis. Our Price Daily contract helps you manage volatility by pricing equal amounts of grain over a customized time period. You set the contract parameters that best complement your risk portfolio, including the option to add a floor to protect your downside.
ADM products and services vary by location.
The Price Daily contract prices an equal portion of your contracted bushels each day during the pricing period at the closing futures reference price. Your final futures reference price is equal to the average daily closing price.
You can add a floor price to protect your downside. Should the market dip below that floor at close, your grain will be priced at your floor price that day. You can also add a ceiling price to lower your service costs. In this case, on any day the market closes above your ceiling, your grain will be priced at your ceiling prices.
Taking advantage of a Price Daily contract is easy: