Floored average with Euro Double - (PMin)

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

 

Producer wants at the market pricing with upside potential to Upper Level.

Reference month currently    $4.80

Upper Level                             $5.95

Protection Level                     $4.35

Knock Out                               None

Start date                                10/23/14

End date                                  11/21/14

Pricing Periods                       274           Days

Bushels Committed:               10,000

Bushels/Pricing Period          36.50

Double-up Price                       $5.95       (Euro Double)

 

  • Each Pricing Period that the Chicago Board of Trade (CBOT) reference month closes below the Protection Level the bushels are priced at the Protection Level.
  • Each Pricing Period that the Chicago Board of Trade (CBOT) reference month closes above the Protection Level and below theUpper Level the bushels are priced at the day's closing price.
  • Each Pricing Period that the Chicago Board of Trade (CBOT) reference month closes above the Upper Level the bushels are priced at the Upper Level.
  • If the CBOT reference month closing price is at or above the Upper Level on the End Date of this agreement then an additional amount of bushels equal to the original bushel commitment will be priced at the Upper Level.. (In this example an additional 10,000 bu. will be priced at $7.00).
  • 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 futures price at the end of this contract.***