We have our annual shut-down starting on Sunday, September 14. The maintenance and production departments of EEA have a tremendous amount of work that needs to be completed prior to shut-down and during shut-down. Our receiving capabilities will be limited during this time as we will be completely commissioning our corn expansion project.
EEA will be closed for corn receiving on Saturday, September 13 and Sunday, September 14.
EEA will be open for DRY corn (16.0% and below) Monday, September 15 and Tuesday, September 16 from 7:30 am to 4:30 pm.
We are tentatively planning on being ready for wet corn and dry corn on Wednesday, September 17.
Thank you for your patience and understanding.
Due to overwhelming demand and dryer that expected corn, we will be making the following changes to our wet corn progam effective Thursday, September 11th, 2014.
All bushels contracted under the previous program will be under the previous program terms. This policy is for new commitments.
Free price later will end. All unsold corn will be put on price later when received. The first ten days will be free. If the bushels are not sold after ten days, price later fees will accumulate starting the date of delivery at a rate of $0.00167/bushel/day (approximately $0.05/bushel/month).
The maximum moisture allowed will be moved down to 22.0%, with any corn above 22.0% shrunk at 4.0% per point. Anything below 22.0% will be shrunk at 1.5% per point to 15.0% moisture.
2014 Wet Corn Program--2
Subject to Change without Notice
Effective September 11, 2014
The Wet Corn Program will start on September 11, 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 $0.10/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 price later when received. The first ten days will be free. If the bushels are not sold after ten days, price later fees will accumulate starting the date of delivery at a rate of $0.00167/bushel/day (approximately $0.05/bushel/month).
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 22.0% moisture (only shrinking out the water).
4.0% shrink per point above 22.0% 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