Accumulator with Pricing Period (Weekly/Daily) Double

These prices are for information only and subject to change.  Please contact a grain originator for current quotes.


Producer wants above market pricing risking a knockout

Current Futures                     $4.80

Accumulation Level               $5.10  

Knockout                                $4.25

Start date                                10/23/13

End date                                  11/21/14

Pricing Periods                       274           Days

Bushels Committed:                 10,000

Bushels/Pricing Period             36.50

Double up Price                     $5.10        (Daily Double)


  • Each Pricing Period that the Chicago Board of Trade (CBOT) reference month has not traded at the Knock Out Price, and closes below the Accumulation Level, the daily/weekly bushels will price at the Accumulation Level. (46.51/day this example)
  • If the CBOT reference month has not traded at the Knock Out Price, and the closing price is equal to or above the Accumulation Level, the number of bushels priced for that Pricing Period will be doubled and priced at the Accumulation Level. In this example 46.51 x 2 = 93.02 bushels.
  • If at any point the CBOT reference month price touches the Knock Out Price, this agreement will terminate and the remaining un-priced bushels will not be priced.
  • A hedge to arrive contract will be issued on the priced bushels at the end of this agreement.

***There will be a $.05/bu. fee taken off the average futures price at the end of this contract.***