Services

Resources

We offer three resources for you to sell your grain directly to us: online, on our mobile app, and on the phone.

Online: Our online platform makes it easier to sell your grain, track your transactions, and view current bids. You can receive information about your local feed mills, grain market commentary, and messages from your LGS merchandisers.

App: Our mobile app is designed for you to sell your corn, manage your contracts, and receive updates from the LGS team and feed mills – anywhere, anytime. When you download the LGS app, you will receive push notifications when the price changes 10 cents, your contracts are created, and a new market commentary video is posted, as well as announcements from your feed mill. You can find our app on the Apple Store and Google Play by searching “Tyson Local Grain Services”.

Phone: If you prefer speaking directly to the LGS team, you can always call to book your grain during business hours. Our team takes our relationships with farmers seriously and always enjoys speaking directly with you.

Contract Options

Limit Order

Description: A Limit Order allows the seller to offer to sell at a specified price at a specified delivery period. The offer is subject to review and approval by the buyer. If accepted by the buyer, the contract will be created at the specified price for the specified delivery period.

Features
Any unaccepted offer can be withdrawn at any time by the seller.

Disadvantages
Buyer is not obligated to accept any offer.

Premium Charge: May Be Applicable.

Flat Price Contract

Description: A Flat Price Contract allows the seller to set the future and basis prices at the time the contract is created. A farmer would use this type of contract if they want to lock in the current future and basis prices.

Hedge to Arrive Contract

Description: A Hedge to Arrive Contract allows the seller to lock in the futures price at the time of contract creation and provides the option to price basis at the then-current basis bid price at any time before the preselected delivery date (contingent upon buyer confirmation).

Features
This type of contract protects against downside futures price risk.
If the basis bid increases, seller has the option to lock in the basis price (contingent upon buyer confirmation).

Disadvantages
The seller retains basis pricing risk until the final flat price is established upon or before delivery (contingent upon buyer confirmation).
Any futures price increase after contract creation is forfeited by seller.
This type of contract does not guarantee a favorable price at delivery.

Premium Charge: May Be Applicable.

Basis Only (Seller’s Option) Contract

Description: A Basis Only (Seller’s Option) Contract allows the seller to lock the basis price, and provides the option to price futures at any time before the preselected delivery date. If the farmer does not price futures before the day of delivery, the contract will be priced at the settlement price on the day of delivery.

Features
This type of contract protects against downside basis risk
If the futures market rallies, the seller has the option to lock in the futures price (contingent upon buyer confirmation).

Disadvantages
The seller retains futures pricing risk until the final flat price is established upon or before delivery (contingent upon buyer confirmation).
Any basis increase after contract creation is forfeited by seller.
This type of contract does not guarantee a favorable price at delivery.

Premium Charge: May Be Applicable.

Average Price Contract

Description: To create an Average Price Contract, a simple average of February/March futures, April/May futures, or June/July futures is used to determine the futures price. Pricing increments at the daily high, low, settle, or average price are equally divided over the duration of the pricing dates for the time period chosen, and all contracted bushels are priced at the end of the preselected averaging period. The seller can choose to price the remaining bushels in the contract at any point during the selected pricing period by requesting a Stop Average (subject to buyer approval). The seller locks in the basis bid at the time of contract creation.

Features
This type of contract allows the seller to use an average of reported prices rather than choosing one selling price.

Disadvantages
This type of contract does not guarantee a favorable price at delivery.
Historical seasonal price movements are not a guarantee of future price movements.

Premium Charge: May Be Applicable.

Additional Services

Do you need to split your check between multiple businesses? Would you like to defer your payment? Will you need to manage multiple accounts when you log into the mobile app or website? The LGS team has developed these services and more to help you maximize your options. Is there something we haven’t covered? Give us a call; we may have an option for you.