Grain marketing is one of the biggest challenges any farmer faces.

Our grain team can help you devise a marketing plan that helps place a floor under your income while allowing you to take advantage of short-term price moves.

Grain Overview

Are you getting the best possible price for your grain?

It often comes down to who you are selling it to

At Key, we have one over-riding objective among our grain team members: to help you make more money on every bushel you sell. No corporate grain buyer is interested in paying you a single penny more for your corn and soybeans than they absolutely have to. Doesn’t matter if it’s a giant grain company, or the local ethanol plant. They make more when you make less.

As a cooperative owned by farmers, on the other hand, our interests are closely aligned with yours. We work for you, and want you to succeed by marketing your crops at the best possible prices. The Key team is in the grain market every single day, and can help you match the bushels you have to sell with buyers who are offering the highest bids at any given time. We can also show you strategies to capture short-term price moves over the course of the growing season, whether you have any actual grain in the bin, or not.

Cash Bids Daily Text Alerts

Stay on top of markets that are moving. Get current cash bids on your smart phone.

Local Weather



78
Partly Cloudy
Feels Like
79 F
Humidity
55 %
Dew Point
61 F
Barometer
30.11 inHg
Winds
ESE 9 mph
Sunrise
06:22 AM
Sunset
08:09 PM

Tue 8/16

Wed 8/17

Thu 8/18

Fri 8/19

Sat 8/20

High

79 F

80 F

82 F

77 F

73 F

Low

63 F

57 F

57 F

61 F

59 F

Precip

0 %

0 %

34 %

70 %

68 %


Grain Contracts & Marketing

Run your operation at its most profitable level

Our grain marketing solutions involve much more than grain bids posted online. We’re here to guide you, and you’ll deal with people you know and trust. We offer grain contracts at Key Cooperative for both old and new crop bushels and our grain team will assist you in making the right decision for your financial goals. Contact your local risk management specialist to learn more about contract options.
 

Discount Schedule & Policies

Disposition of Grain


The driver will provide the scale operator with the grain owner’s name, division of the grain, notify the scale operator on the last load and disposition of the grain (store, sell, condo storage, etc). If no instructions are given, the grain will be first applied to all open contracts by location on the 20th day from the date of first delivery. Unpriced grain, which has been held beyond the 20 day limit, will be considered stored with the Average Delivery Date to be considered the deposit date (with appropriate storage-drying shrink rates assessed). A new delivery period will then be started.

Soybeans

WAREHOUSE RECEIPT STORAGE RATES
Applies September 1 – February 28
Soybeans: fraction thereof .167 cents per day (5 cents/mo)

Applies March 1 - August 31
Soybeans: fraction thereof .10 cents per day (3 cents/mo)

Note: Grain stored for more than 12 months will be charged the same rates for the same periods outlined above.
PRICE LATER SOYBEANS
September 30, 2021 - September 30, 2022
4 cents per bushel per month through February 28
3 cents per bushel per month March 1 - Sept. 30, 2022
MOISTURE REQUIREMENTS
Soybeans will be purchased on a dry basis 13% moisture
Soybeans 13.5% moisture and below will be averaged together
Soybeans 13.6% moisture and above will be averaged together
Loads 15.1% moisture and above must be sold or put on Price Later

Warehouse Receipt = 13.0%
Sale for Cash, Deferred Payment, Price Later = 13.0%
SOYBEAN MOISTURE DISCOUNT SCHEDULE
13.1% - 13.5% moisture = 1.75% of contract price discount/bushel
13.6% - 14.0% moisture = 3.50% of contract price discount/bushel 
14.1% - 14.5% moisture = 5.25% of contract price discount/bushel 
14.6% - 15.0% moisture = 7.00% of contract price discount/bushel
HANDLING CHARGES
Per posted tariff all grains: 10 cents in charge + 10 cents out charge
AFLATOXIN DISCOUNT SCHEDULE
0 - 10 parts per billion = No Discount
10 parts per billion – 20 parts per billion = 10 cents/bushel discount 
20 parts per billion and above = 10 cents/bushel + 1 cent/point 
Note: Subject to rejection over 10 parts per billion 
SHRINK
Moisture shrink = 1.18%
Handling shrink = 0.22%
Total shrink = 1.4% for each 1% moisture removed
 
FOREIGN MATERIALS DISCOUNT
.01% bushel shrink for every .01% FM above 1%
DAMAGE
> 2% is 1/2% of price per point
> 8% is 1% of price per point
OTHER DISCOUNTS
Musty $.10
Sour $.10
Weevils $.15
COFO $.15

Corn

WAREHOUSE RECEIPT STORAGE RATES
Applies September 1 – February 28
Corn: fraction thereof .167 cents per day (5 cents/mo)  

Applies March 1 - August 31
Corn: fraction thereof .10 cents per day (3 cents/mo)  

Note: Grain stored for more than 12 months will be charged the same rates for the same periods outlined above.
PRICE LATER CORN
September 30, 2021 - September 30, 2022
4 cents per bushel per month through February 28
3 cents per bushel per month March 1 - Sept. 30, 2022
MOISTURE REQUIREMENTS
Corn will be purchased on a dry basis 15% or less. All loads per delivery number will be averaged together for moisture. Shrink will be applied by the load.

Warehouse Receipt & Grain Bank = 14.0%
Sale for Cash, Deferred Payment, Price Later = 15.0%
MOISTURE DISCOUNT
3.5 cents per point moisture removed Sept. 7, 2021 - Sept. 30, 2021
4 cents per point moisture removed beginning Oct. 1, 2021
AFLATOXIN DISCOUNT SCHEDULE
0 - 10 parts per billion = No Discount
10 parts per billion – 20 parts per billion = 10 cents/bushel discount 
20 parts per billion and above = 10 cents/bushel + 1 cent/point 
Note: Subject to rejection over 10 parts per billion 
HANDLING CHARGES
Per posted tariff all grains: 10 cents in charge + 10 cents out charge
SHRINK
Moisture shrink = 1.18%
Handling shrink = 0.22%
Total shrink = 1.4% for each 1% moisture removed
GRAIN BANK
0 – 30 days, No charge
31 + days, .1000 cents/bushel/day thereafter 
Grain sold will be subject to Warehouse Storage Rates.
FOREIGN MATERIALS DISCOUNT
2 cents each 1% or fraction from 3.1% to 4.0%
4 cents each 1% or fraction from 4.1% to 5.0%
5 cents each 1% or fraction from 5.1% to 15%
Above 15% will have a discount agreed upon by Key & seller
DAMAGE
1 cent each 1% or fraction from 5.1% to 7%
2 cents each 1% or fraction from 7.1% to 10%
3 cents each 1% or fraction greater than 10%
Above 10% subject to rejection or discount agreed upon by Key & seller
OTHER DISCOUNTS
Musty $.10
Sour $.10
Weevils $.15
COFO $.15
TEST WEIGHT DISCOUNTS
Above 54 = No Discount
53 - 53.9 = 1 cent
52 - 52.9 = 3 cents
51 - 51.9 = 6 cents
50 - 50.9 = 9 cents
49 - 49.9 = 12 cents
48 - 58.9 = 17 cents
47 - 47.9 = 24 cents
46 - 46.9 = 31 cents
45 - 46.9 = 38 cents
Below 45 = Subject to Rejection

*Test weight is averaged by delivery number
CUSTOM DRYING
7 cents per bushel handling charge if removed in 5 days.
12 cents per bushel handling charge if removed in 6 – 10 days. 
Posted tariff applies after 10 days. Regional Warehouse Storage Rate plus charges above if not removed after 20 days.
ALL RATES SUBJECT TO CHANGE WITHOUT NOTICE
 SUBJECT TO SPACE AVAILABILITY

UPDATED: 09/23/2021

Crop Insurance

How much is enough?

 

Our risk managers are here to help

 

Crop insurance is an important risk management tool every farmer should consider. Purchasing too much insurance is an unnecessary expense, and too little can leave in a bind should planting conditions or weather events during the growing season leave you short a crop. Our crop insurance partners at Mason City All Risk Insurance, Inc. can help you build a level of insurance protection that is right for your farm.

Grain Team