2014 Wet Corn Program
Subject to Change without Notice
Effective August 11, 2014
The Wet Corn Program will start on September 8, 2014 and end when we secure adequate commitments for our operations.
Previously contracted bushels cannot be applied to the Wet Corn Program. Bushels committed to this program must be new commitments to E Energy Adams, LLC.
Loads will need to be scheduled on a daily basis as we have limited drying capacity.
If a delivery time frame is committed to via a basis contract or a flat price contract and the delivery time frame is missed by the committed party, a $0.20/bushel late delivery charge will be applied.
Grain title will pass to E Energy Adams, LLC at the time of delivery on all corn.
All corn delivered will be applied to contract on a first in, first out basis.
All unsold corn will be put on free price later, with no charges until March 31, 2015.
Corn Moisture, Corn Grading and Price Later charges will be done on a load by load basis.
Moisture: 15.0% is considered dry basis for cash grain and price later grain.
1.5% shrink per point from 15.0% to 25.0% moisture (only shrinking out the water).
3.0% shrink per point above 25.0% moisture.
25.0% moisture or above is subject to rejection.
Test Weight: 45# is no discount
$0.02/bushel discount per point below 45.0.
Below 45.0 is subject to rejection
Damage: 5% or less is no discount
$0.025/bushel per point above 5%.
All damage above 5.0% is subject to rejection
Material: 3.0% is allowed
FM above 3.0% will be shrunk by weight to 3.0%
FM above 3.0% is subject to rejection
Terms: National Grain and Feed Trade Rules to Apply
Musty, Sour, Heating, Hot, COFO, and infested is subject to $0.10/bushel
discount and is subject to rejection depending on condition of grain
A $7.00/load inspection will be charged on each load.