Accumulator With Conditional 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 but with reduced double-up chances.

Reference Month currently    $4.80

Accumulation Level              $5.55

Knock Out                              $4.35

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                         $5.55      (Euro Double)

Double-Up Trigger Price          $6.70


  • Each Pricing Period that the Chicago Board of Trade (CBOT) reference month has not traded at the Knock Out Price, the daily/weekly bushels (46.51/day this example) will price at the Accumulation Level.
  • If at any point the CBOT reference month price touches the Knock Out Price, the bushels will not longer price at theAccumulation Level and the producer will keep any bushels price prior to the Knock Out. The Knock Out will not terminate the double-up potential.
  • If the CBOT reference month trades at the Double-Up Trigger, an additional quantity equal to the original Bushels Committedwill be priced at the Double-Up price. (In this example an additional 10,000 bushels will be priced at $6.61 if the reference month futures trade at $7.75). A Knock Out will not terminate the double-potential.
  • 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.***