Roggen Farmers Elevator Association has long been a trusted partner when it comes to helping local farmers sell their grain in Northeastern Colorado. Our Grain Division has developed a loyal customer base by helping producers navigate the volatile grain market and keep on top of daily trends so they can take advantage of opportunities when they present themselves. With all of the uncertainty in the grain market, it’s important to have a solid marketing plan in place to maximize your profitability. That’s why we also help you sort through your production costs and take a layered approach to market opportunities by offering an array of services and providing a number of contracting options. We operate four different grain locations in the area and also have put-through agreements with partnering elevators, giving us a total licensed capacity of more than 5 million bushels to ensure that we can meet your storage needs. We are also 50/50 partners with Ardent Mills in the ownership of Commerce City Grain facilities, which have a capacity of 5.3 million bushels that our customers can utilize.
At Roggen Farmers Elevator Association, we have relationships with different financial service organizations that give us access to a variety of over-the-counter market intelligence tools. These tools can help customers manage their risk and get the most they can for their grain. The following grain contract options are the ones we use most often; click on each option for details. We also offer a number of additional contract types not listed here if they make sense for the grower, so please contact us to inquire about other options.
DP contracts are utilized by the buyer to help get ownership during harvest or to help facilitate the movement of grain from farm storage to grain elevators during the winter/spring.
This option enables a customer to commit to a specified number of bushels for delivery during a specific time frame, to a specific place and at a specific price.
This contract authorizes the customer to lock in a basis for a specified delivery time, quantity and location. This enables the customer to capture what would be an attractive strong basis and stop monthly charges. One drawback to this contract is that no price protection is afforded, as the futures price has not been established yet.
A customer can leave an offer to sell grain at a price they want for a specific delivery period under this option. This offer can be for any delivery period that we currently have a bid for; it can be left as a good-to-cancel offer, or for any time up to 30 days. The minimum amount for this contract is 500 bushels.
This contract allows the seller to defer payment for grain from one tax year to a later year. The disadvantage is that once this contract is entered into, the money can’t change hands until the date listed. If paid earlier than the contract requires, unknown tax consequences could result for other deferred payment contract holders.
We also offer Minimum/Maximum, Collars, Producer Accumulator and Merchants Plus contracts. Please call Keith, Scott, or Mike at 303-849-5506 for more information about these options and other risk management products.
Location
Capacity (bushels)
Roggen
2,824,000
Bennett
914,000
*Briggsdale
142,000
*Nunn
144,000
Pierce
387,000
Watkins
337,000
*Wildcat
847,000
*Nunn and Wildcat are put-through locations, not Roggen-owned.
**Commerce City #1
3,200,000
**Commerce City #2
2,100,000
**Roggen Farmers Elevator Association owns a 50 percent stake of Commerce City Grain; the other 50 percent is owned by Ardent Mills.
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Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.