We also offer a variety of grain contracts, including:

Basis contract:

• Basis is set now, with the futures price and final price to be set at a later date.
• You can deliver grain against a basis contract and set the futures price later.
• Use this contract when basis is “firm” or “narrow,” but you think futures prices will go up in the future.

Hedge-to-arrive contract: (HTA)

• Futures are set now, with basis and final cash price set later.
• Basis must be set prior to delivery.
• Use this contract when futures look good, but you want to wait to set basis. It’s mostly used when you want to sell grain out forward, usually six to 12 months or so.
• There is a fee attached to this contract. Please call your nearest UFC location for details.

Price-later contract:

• Grain is delivered now but can be priced at a later date.
• Title to grain is transferred to UFC at time of delivery.
• Customers typically use this contract at harvest time or when they want to move grain off the farm but don’t like the current cash price.
• A fee is typically associated with this contract. See our grain policies information or contact our grain staff at your nearest UFC location for details.