Deferred Payment Program
Wheat Growers is currently offering an interest rate program for new deferred payment contracts.
New or amended Deferred Payment with a due date:
- Any contracts deferred two years or less from the notification date will receive a fixed interest rate of 2%.
- Any contracts deferred over two years from the notification date will receive a fixed interest rate of 2.5%.
When deferring payments, please contact your local Wheat Growers Grain Bookkeeper and identify the date that you want to defer your payment to.
Wheat Growers will allow you to amend your deferred payment contract when the current deferred payment agreement expires. A customer can amend a deferred contract only with a signed addendum and a new signed Deferred Contract.
Producers can amend current deferred payment contracts from the day the contract is written up to one business day prior to its due. The addendum will not go into effect until the due date of the current contract and a signed copy of your addendum is received. We will use the interest rates in effect at the time the signed addendum is received.
*Please remember that all programs are subject to change without prior notice.
2017 Fall DP Programs Announced
Wheat Growers' 2017 Fall DP program is $0.05/bu on Corn and Soybeans! We are also offering Annual DP with a onetime fee of $0.35/bu. Click here for details or call your nearest Grain Marketing Specialist!
Want to protect yourself against low prices, but participate when the market rallies? Talk to your Grain Marketing Specialist today about our Min-Max Contracts or click here for more information.
No Contracting Fees For Fall 2018
Wheat Growers is now buying corn, soybeans, and wheat for Fall 2018 delivery on either HTA or priced contracts with no contracting fee.
For those wanting to price 2019 harvest bushels, the following fees will apply to the contract price:
Corn - $0.05/bu
Soybeans - $0.10/bu
Wheat - $0.08/bu
Please contact your nearest Wheat Growers location or Grain Marketing Specialist for your contracting needs.
Effective May 23, 2017
Morning Market Insight
September 21, 2017
Grain Marketing Specialist
The corn market traded lower in the overnight on descent harvest yields and a lower soybean complex. Today China sells off another 804,000 tonnes of