Cash Bids

866-612-253
Doug Reed - Commodity Manager
Direct Line 260-774-9614
Cell 260-415-6204
email: james.reed@poet.com

Julie Bridgman - Grain Buyer
Direct Line 260-774-9616
Cell 260-415-4026
email: julie.bridgman@poet.com


Cody Schuman - Grain Buyer
Direct Line 260-774-9612
Cell 260-415-4149
email: cody.schuman@poet.com

 
DIRECT DEPOSIT AVAILABLE!! 
 
COMING SOON!!!     POET GRAIN MOBILE APP!! 
Poet Grain is excited to announce the upcoming launch of our new mobile app!  You will be able to find this app in your Apple or Google play store in the near future. 
Here are some of the features that you can look forward to:

Receive/Send Contracts 
View Contract Details
View Ticket Details
If you are interested in the first option, we need to collect your signature in advance to have on file for our records and grain audits.  Please go to the below link and send
to POET North Manchester, 868 E 800 N, North Manchester 46962 or drop off at the office.  You may also contact us and we will get one to you! 


We will let you know when the app has been released so that you can take advantage of this and the other features! 
Average Price Contract
Deadline-December 14th
Delivery Period:Oct. thru Dec. 2019
Pricing Period:1/2/2019 thru 6/28/2019
Can price out remaining bushels anytime while market is trading
Call for more details!!!

Past history:
Year Poet's
Average Price
(CZ futures)
Oct-Nov Average of Closing Price
(CZ futures
14/15 3.9921 3.7508
15/16 3.9245 3.4723
16/17 3.898 3.4635
17/18 4.0032 3.6715
5 cent fee
DECEMBER
Monday Tuesday Wednesday Thursday  Friday 
3
7:30 - 4
4
7:30-4
5
7:30 - 4:00
6
7:30 - 4:00
7
7:30 - 4:00
10
7:30 - 4:00
Market Manager
Deadline
11
7:30 - 4:00
12
7:30 - 4:00
13
7:30 - 4:00
14
7:30 - 4:00
Average Price Deadline
17
TBD
18
TBD
19
TBD
20
TBD
21
TBD
 

Any loads over 7.0 ppm vomitoxin subject to rejection

HAVING TROUBLE WITH MARKETING DECISIONS?   LET THE MARKET MANAGER DO IT FOR YOU!!
CALL TODAY!!!!   DEADLINE FOR SIGN UP 12.10.18   NO MINIMUM BUSHEL REQUIREMENTS.


Any loads over 7.0 ppm Vomitoxin subject to rejection
**Hours Subject to change at any time**
CHECK OUT OUR NEW CONTRACT OPTIONS TAB ABOVE!!
POET BIOREFINING POSITION ON GMO VARIETIES

POET Grain will not accept GMO commodities that have not been approved for use in the United States, European Union, Japan, or China.  Please check with your seed dealer or the National Corn Growers Association website:  www.ncga.com/for-farmers/know-before-you-grow to see which corn hybrids are approved.

Detailed Information on the Announcements Tab  

 

 

 

 

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Printable Page Printer Friendly Version of Cash Bids

  CBOT CORN   NORTH MANCHESTER
Futures Month Futures Price Futures Change Delivery Cash Price Basis  
Mar 19 385'4s
2'6
DECEMBER 2018 Chart
Mar 19 385'4s
2'6
JANUARY 2019 Chart
Mar 19 385'4s
2'6
FEBRUARY 2019 Chart
Mar 19 385'4s
2'6
MARCH 2019 Chart
 
 
 
Cash Bids are subject to change without notice.
 
 
 - Mouse over for last update
 
 
 
 
                           POET Grain – North Manchester
                                                                Phone- 260-774-9617
                                                           Toll Free- 1-866-612-2532
 
                                                                             CORN
 
Discount Schedule                                                     Effective  October 16, 2016
 
Test Weight                                                                 Moisture
1 cent per bushel each pound 53.9 to 52.0                    Corn with moisture over 20.0% is subject to
2 cents per bushel each pound 51.9 to 50.0                   rejection.  No shrink will be taken
                                                                                              
                                                                                     
Pounds                           Discounts                                Moisture %                  Discount
54.0 and above               No Discount                            15.5% and below        No Discount
53.0 to 53.9                    $.01/bu                                    15.6% -16.0%             $.04/bu
52.0 to 52.9                    $.02/bu                                    16.1% - 16.5%            $.08/bu
51.0 to 51.9                    $.04/bu                                    16.6% - 17.0%            $.12/bu
50.0 to 50.9                    $.06/bu                                    17.1% - 17.5%            $.16/bu 
49.0 to 49.9                    $.10/bu                                    17.6% – 18.0%           $.20/bu
48.0 to 48.9                    $.14/bu                                       18.1% - 18.5%            $.25/bu
47.0 to 47.9                    $.18/bu                                    18.6% - 19.0%            $.30/bu
46.0 to 46.9                    $.22/bu                                    19.1% - 19.5%            $.35/bu                              
45.0 to 45.9                    $.26/bu                                    19.6% - 20.0%            $.40/bu                              
44.9 and below        See Management                           20.1%  and above       See Management          
 
 
Damage                                                                          Foreign Material                                              DON Vomitoxin
1 cent per bushel each 1% above 5.0%                            1 cents each 1% from 3.1% to 6.0%                 
2 cents per bushel each 1% above 7.0%                          2 cents each 1% from 6.1% to 8.0%                   Subject to rejection 7.1
3 cents per bushel each 1% above 10%                           3 cents each 1% above 8.0%                               or above
4 cents per bushel each 1% above 15%                           Loads above 8.0% are subject to rejection 
5 cents per bushel each 1% above 20%
Loads above 10.0% are subject to rejection                  
                                                                                                                                                                    
                                                                                                                                                                       PPM             Discount               
Percent                           Discount                                  Percent                        Discount                             0  –  4.0       No Discount
0% - 5.0%                      No Discount                            3.0% and below          No Discount                       4.1 – 5.0        $.03/bu
5.1% - 6.0 %                  $.01/bu                                    3.1% - 4.0%                $.01/bu                               5.1 – 6.0        $.07/bu
6.1%- 7.0%                    $.02/bu                                    4.1% - 5.0%                $.02/bu                               6.1 – 7.0        $.12/bu
7.1% - 8.0%                   $.04/bu                                    5.1% - 6.0%                $.03/bu                               7.1 above     See Management
8.1% - 9.0%                   $.06/bu                                    6.1% - 7.0%                $.05/bu                               *$.10/bu per point after 7.1*
9.1% - 10.0%                 $.08/bu                                    7.1% - 8.0%                $.07/bu                            
10.1% and above           See Management                     8.1% and above          See Management                                                                                                                                                                                     
                                                                                                                                                                
                                                                                                                                                                     
Heat Damage                                                                                                                                               
2 cents each 1/10 of 1% beginning at 2/10 of 1% with a maximum of 5/10% and subject to rejection.
 
Infested
Loads with any live weevils are considered infested and will be rejected.
 
Musty                                                                             Sour
$.10/bushel – subject to rejection                                   $.10/bushel - subject to rejection                                   
 
POET Grain reserves the right to reject any corn that is found to be musty, heat damage, sour, possessing a commercially
objectionable foreign odor (COFO) or found to contain Aflatoxin, DON, or Vomitoxin.
POET Grain reserves the right to reject any corn that contains soybeans.
Title to corn passes to POET Grain upon delivery.
Corn is graded according to USDA standards
POET Grain reserves the right to buyers call on any corn that is discountable.
The Discount Schedule is subject to change without notice.                                                                         Schedule MAN16
                                           
 

                                    
Truck Unloading Procedures
 
1.                Pull to window and give your contract information. If it snowing or raining please recover your trailer. When it is clear to pull to the scale we will give you the go ahead. The number given to you goes in your window for identification purposes.  
 
2.                When okay is given, pull to scale.
 
3.                Remain on scale until the “PULL AHEAD” message is seen.
 
4.                After you see the “PULL AHEAD” message, proceed to the Grains building. Go around the silo to the North side of the building and wait for your turn to enter.
 
5.                When it is your turn, pull your truck into position and begin unloading.
 
6.                Please make sure to sweep up after yourself when unloading is complete. Thank You.
 
7.                Proceed back to outbound scale and wait for the “PULL AHEAD” signal.
 
8.                When signal is given, pull to scale house and receive ticket with all applicable information.

 
 
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