Grain Contracting & Services
Hull Coop offers a wide-range of grain contracting and delivery options to help our members market their grain effectively. Our goal is to provide flexibility and clarity so you can make the most informed decisions for your operation.
Why Deliver to Hull Coop:
Want Assistance Evaluating All Options Available to You? Let's Talk!
Choosing the right grain marketing strategy depends on your marketing goals, risk comfort, and timing. Whether you’re protecting a floor price, aiming for upside, or looking for cash flow flexibility, we’re here to help you find the right fit.
Reach out to your Hull Coop Grain Team by phone today to discuss opportunities — or stop by the office and chat with us in person.
Delivery Options
Open Storage Delivery
Open Storage Delivery
Deliver grain and place into open storage. You may hold grain on open storage for up to ten days from your last load or thirty day from your first load (whichever comes first). All settlement options are available to you on grain held in open.
On-Farm Pick-Up
On-Farm Pick-Up
We offer limited pick-up services from farm locations for a fee. Please contact the grain department for availability and scheduling.
Direct Ship
Direct Ship
Sell and deliver directly to a soybean or corn processor under Hull Coop (Most popular on soybeans to Sheldon)
- Producer’s contract is written directly with Hull Coop, and you will be paid by Hull Coop.
- Producer provides all delivery costs (time, freight, inputs, etc)
- Discount schedules of the processor being delivered to will apply to all settlements (graded on a load by load basis with no averaging in most cases)
- Call and speak with someone on the grain team if this is of interest to you
Storage & Unpriced Options
House Receipt
House Receipt
Grain stored at the facility under a house receipt is held on your behalf with your ownership retained for a fee. It provides flexible, secure storage while allowing you to sell the grain when market conditions are favorable.
Warehouse Receipt
Warehouse Receipt
Grain stored at the facility under a warehouse receipt is held on your behalf with your ownership retained for a fee. You are issued a physical warehouse receipt that can be used in combination with programs offered by the Farm Service Agency. It provides flexible, secure storage while allowing you to sell the grain when market conditions are favorable.
Grain Bank
Grain Bank
Grain Bank allows you to store grain at the facility and withdraw it each time grain is included in your feed rations. Available on Corn & Oats.
Price Later Contract
Price Later Contract
Deliver your grain to be held under Hull Coop ownership now but delay setting the price until a later date for a fee. This gives you time to watch the market before deciding when to lock in your sale price.
Contract Options
Forward
Forward Contract
Sell for delivery in a future time period.
For bushels to be delivered in a future period
Offer
Offer Contract
Set a target price and let the computer watch the market for you.
For bushels already physically delivered or bushels to be delivered in a future period
Let us know a delivery period, quantity, and price that you’re looking to achieve with your grain. We program that goal price in and let the computer watch the market at all hours for you to sell when the price target is achieved. Great for removing the emotion from marketing while avoiding the temptation to stray from a marketing plan as volatility enters the market.
Hedge-to-Arrive (HTA)
Hedge-to-Arrive (HTA)
Futures Locked | Basis Open
For bushels to be delivered in a future period
Locks in the futures price now while leaving the basis open to be set later. This allows you to secure a portion of the market value while keeping flexibility on local basis levels.
Includes a fee, reflected in the contract price. Contract can be written to allow bushels to be rolled forward within the crop year for a fee.
Basis
Basis Contract
Basis Locked | Futures Open
For Bushels to be delivered in a future period
Locks in the basis now while leaving the futures price open to be set later. This helps you capture favorable local pricing while retaining flexibility to price futures when market conditions improve.
No fee
Basis Contracts are available for any month with a posted bid
Minimum Price
Minimum Price Contract
Cap downside risk while keeping upside open via a call option
For bushels already physically delivered
Allows you to sell your grain with a guaranteed floor price while keeping upside potential through a purchased call option. It protects against market drops while giving you the chance to benefit if prices rise. In addition, receive an advance on your grain to reduce carrying costs.
- Includes a fee
- Minimum Price is set by taking the current spot price less the cost of the call and fee
- Most Common Set Up: Utilize July call options, with pricing typically due around June 20
- Advance: Up to 90% of minimum price
- Minimum Quantity: 5,000 bushels (5,000 bu increments)
Extended Price
Extended Price Contract
Sell today and effectively re-own versus a deferred futures contract
For bushels already physically delivered
Sell the grain now while keeping futures open versus a futures contract. It provides partial cash flow up front and keeps pricing open, allowing you to participate in potential futures market gains.
- Includes a fee, deducted from initial futures price
- Advance: 70% of initial value
- Minimum Quantity: 5,000 bushels (5,000 bu increments)
- Risk: If market drops below cash advance level and contract is settled, seller is liable for the loss
Bonus Premium
Bonus Premium Contract
Sell today for more with an additional obligation if price rallies
For bushels already physically delivered in combination with bushels to be delivered in the future
Sell grain at an enhanced price today in exchange for a firm offer to deliver additional bushels in the future if market conditions trigger the offer. Ideal for those willing to potentially commit extra bushels later in return for a premium on current sales.
- How it works: Sell grain now at a premium via selling a European call option
- Eligible Periods: Any month with a posted bid
- Minimum Quantity: 5,000 bushels (5,000 bu increments)
Accumulator
Accumulator Contract
Accumulate bushels at a premium price over time while futures remain within a range.
For Bushels to be delivered in a future period
Allows you to price grain incrementally above current market levels over time—unless the market drops to a set trigger price (“knock-out”). Offers potential for better pricing but includes some risk of additional bushel commitments if markets rally.
- Includes a fee, deducted from final price
- Delivery: Future delivery period
- Basis Set: At contract conclusion or upon knock-out
- Flexibility: May be tied to an existing basis contract
- Variety of Structures: These can be structured in a multitude of ways. Visit with your grain team member to talk through different possibilities.
Settlement & Payment Options
Immediate Payment
Grain Payments can be issued immediately upon sale and delivery by any of the following methods:
- Paper Check
- ACH Direct Deposit (Next Day Payment)
- Credit on Account
Note: Only Paper Check is available when a security interest (two-party check) applies
Deferred Payment
Sell grain now but defer the payment to a future period (typically for tax reasons). Hull Coop can issue a deferred payment contract for any period up to 15 months out. Additionally, you may defer a deferred payment contract if tax planning further out than 15 months. Payment becomes available the first business day of the month grain payment was deferred to.
Terms subject to change without notice. All contract and service offerings available at the discretion of Hull Coop. All contracts are subject to Hull Coop Grain Policy in effect at time of entry.
