Contract Comparison
Compare the features of ADM contracts to find which ones best fit your needs right now.
Automatic Execution |
Futures Pricing Formula - Human Involvement |
Early Price Out Available |
Futures or Basis |
Cash Now/Cash Later |
Delivery |
Futures Downside Risk Protection |
You Set Basis |
Cost |
Notes |
|
|---|---|---|---|---|---|---|---|---|---|---|
|
ADM Advantage Expert |
Futures |
Now if Delivered and Basis is Set |
Flexible |
$$ |
Human experts establish a futures reference price for your contract |
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|
Average Seasonal Price (ASP) |
Futures |
Now if Delivered and Basis is Set |
Flexible |
$ |
Mechanical formula establishes a futures reference price for your contract |
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|
Price Daily |
Futures |
Now if Delivered and Basis is Set |
Flexible |
Optional |
$ - $$$$ |
Mechanical formula establishes a futures reference price for your contract |
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|
Price Accumulator |
Futures |
Now if Delivered and Basis is Set |
Flexible |
Optional |
$ |
Mechanical formula establishes a futures reference price for your contract |
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|
Minimum Price |
Futures or Both |
Now if Delivered and Basis is Set |
Flexible |
$ - $$$$ |
A variety of available minimum price strategies can accommodate your view of the markets |
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|
Basis |
N/A |
N/A |
Basis |
Now if Delivered |
Flexible |
N/A |
You set the basis only and decide when to establish your futures reference price |
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|
Hedge-to-Arrive |
N/A |
Futures |
Later |
Later |
$$ |
You set the futures reference price only and wait to establish your basis until later |
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|
Spot |
N/A |
Both |
Now |
Now |
N/A |
Immediate sale of grain upon delivery at the current market price |
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|
Cash |
N/A |
Both |
Now if Delivered and Basis is Set |
Flexible |
N/A |
Nearby or future cash price determined for a specific delivery period |
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|
Forward Contract |
N/A |
Both |
Now if Delivered and Basis is Set |
Flexible |
N/A |
Nearby or future cash price determined for a specific delivery period |
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|
Storage |
N/A |
Futures or Both |
Later |
Now |
$$$ |
Storage fees apply to allow a price to be determined at a later date; seller maintains beneficial interest in the grain. |
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|
Deferred Pricing (DP) |
N/A |
Futures or Both |
Later |
Now |
$ - $$$$ |
Fees apply to allow a price to be determined at a later date; buyer takes beneficial interest |
This information is intended to be a guide for selecting the type of grain sales you may consider and is believed to be correct. Not every situation can be accounted for in this diagram. ADM is not responsible for inaccurate or incomplete information or special circumstances. All information is subject to local policies. Subject to terms and conditions of ADM-provided contracts. Please see contract for details.
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