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Riceland Marketing Programs

Riceland Marketing Programs

Riceland Marketing Programs

 

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2016         2015
Rice         Rice
Soybeans         Soybeans
Wheat         Wheat






 

2016 Riceland Marketing Programs

  Downloadable PDF

This brochure contains only highlights. Please contact your Riceland drier manager for complete marketing program details.

 

Important 2016 Marketing Program Dates

Please note the following dates and program details:

•    June  30,  2016,  at  noon  is  the  closing  date  for  the  wheat seasonal pool.
•    See  Wheat  Programs concerning 2017 wheat.
•    June 30, 2016, is the sign-up deadline for committing rice for participation in Riceland’s marketing programs.
•    October 31, 2016, at noon is the closing date for the Members Seasonal Rice Pool.
•    October  31,  2016,  at  noon  is  the  deadline  to  price  or  transfer rice in Grower’s Option to avoid price-later charges.
•    November 1, 2016, at noon is the closing date for the soybean seasonal pool.
•    November 1, 2016, at noon is the deadline to price or transfer soybeans in Grower’s Option to avoid price-later charges.
•    April  28,  2017,  is  the  deadline  for  pricing  rice  in  Grower’s Option.
•    May 31, 2017, is the deadline for pricing soybeans in Grower’s Option.

 

2016 Rice Marketing Programs

Riceland’s 2016 marketing programs are open only to rice which has full food and feed approval worldwide.

Long grain rice may be marketed through any program. Medium grain rice may be marketed only through the Members Seasonal Pool.

To participate in Riceland’s Members Seasonal Pool,  Booking Contracts, Hedged-to-Arrive Contracts, Basis  Contracts, Member Cash  Purchase, or Grower’s Option,  a grower  must  sign  a 2016 Delivery Agreement by June 30, 2016.   Growers who  choose not to sign a Delivery Agreement may deliver to a Cash Purchase or booking program, as available.

 

2016 Drying Charges

The board of directors reserves the right to modify drying charges based on operating expenses.

Moisture                                Cents Per Bu.

Thru 13.5%                                         25
13.6 thru 18.9%                                 30
19.0 thru 21.9%                                 35
22.0% or more                                   50

 

Preferred Rice Varieties for the 2016 Crop

With the continued focus on the quality of U.S. rice, we offer the following list of preferred varieties as guidance based on customer desires and expectations:

Preferred Varieties 1
CL XL745
XL753
Roy J
LaKast
CL172   2
Jupiter

Ultimately, we understand that  the grower  will produce the variety that  performs best  agronomically. However,  in recent years, we have received as many as 33 different varieties in one season which is most challenging.

      Many  environmental,  biological,   and   other   factors beyond Riceland’s control may influence production on your farm, including but not limited to, weather, soil conditions, irrigation, seed lots, etc. You should carefully select the varieties you choose based on the agronomic conditions and practices utilized on your farm.

RICELAND FOODS,  INC. DOES  NOT WARRANT OR GUARANTY THE  QUALITY, FIELD YIELD, MILLING YIELD, MERCHANTABILITY,  VIGOR, PURITY, CONTENT (GMO OR OTHERWISE) OR ANY OTHER CHARACTERISTICS OF THESE SEED  VARIETIES. RICELAND EXCLUDES ANY AND  ALL WARRANTIES, WHETHER EXPRESSED OR IMPLIED, RELATED TO  THE PREFERRED  VARIETIES AND  THE PREFERRED VARIETY LIST,  INCLUDING ANY  IMPLIED WARRANTY OF MERCHANTABILITY, IMPLIED WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, OR ANY OTHER WARRANTY AT LAW OR IN EQUITY.

2      Based on limited testing to date. Seed will also be in limited supply.

 

Members Seasonal Pool

For members who sign a Delivery Agreement by June 30, 2016, and who desire to market long grain or medium grain rice through a seasonal marketing pool.   The seasonal pool will close at noon, October 31, 2016.

 

Participation Qualifications

Limited to Riceland members of record who sign a Delivery Agreement by June 30, 2016.

 

Quality

Grading based on U.S. standards, except for stain and heat damage. Limited to Grade  5, or better. Subject to discounts below Grade  2. Rice below Grade 5 will be handled on a special purchase basis.

 

First Advance

The first advance will be set prior to harvest.

 

Other Seasonal Pools

The board of directors reserves the right to close the initial pool and/or open other pools with different advances based on market factors.

 

Farm-Stored Rice

For members who wish to store rice for delivery to the Members Seasonal Pool  after  harvest, Riceland will arrange for  transport of rice from the farm to a directed receiving point and will pay members 10 cents per bushel for storage following delivery. Rice will be advanced at 90 percent of measured bin weight.

 Members who have signed a Delivery Agreement and wish to use farm storage must declare their intent to participate in the Members Seasonal Pool by noon October 31, 2016.

 

Accounting

Members Seasonal Pool is handled on a patronage basis and subject to the Base Capital Plan.

 

Forward Booking Contracts

A booking opportunity for members who sign a Delivery Agreement by June 30, 2016, and who desire to book long grain rice based on futures prices, adjusted for Riceland’s basis.  Contracts must be in 2,000 cwt. (4,444 bu.) dry weight increments.

 

Limitations

Program  offered  on  a  first-come,  first-served  basis  and  may  be limited to avoid concentration of risk.

 

Quality

Grading   based on  U.S.  standards,  except  for  stain   and   heat damage. Limited to Grade  5, or better. Subject to discounts below Grade  2.  Minimum milling yield 48/65.*

 

Pricing

Based  on  futures  pricing,  subject  to  confirmation.  Milling  yield basis 55/70, premiums/discounts apply.

 

 Hedged-to-Arrive Contracts

For Members who sign a delivery agreement by June 30, 2016, who desire to deliver long grain rice and set the futures component of the contract while fixing the basis at a later date.

 

Limitations

Long grain rice must be booked in 2,000 cwt. (4,444 bu.) increments. Futures month for contract must coincide with the month of delivery. The basis must be set by delivery, or by the First Notice Day of the futures contract, whichever occurs first.  These contracts cannot be rolled from one futures month to the next or from one marketing year to the next. Fees may be charged for hedged-to-arrive contracts to offset costs. All contracts must be priced by noon April 28, 2017. Program may be limited to avoid concentration of risk.

 

Quality

Grading  based  on  U.S.  standards  except  for  stain  and  heat damage. Limited to grade 5, or better.  Subject to discount below grade 2.  Minimum milling yield 48/65.*

 

Pricing

Based  on  futures  pricing,  subject  to  confirmation.    Milling  yield basis 55/70, premiums/discounts apply.

 

Basis Contracts

For members who sign a Delivery Agreement by June 30,  2016, and who desire to deliver long grain rice and set a basis at the current posted level for the delivery period while fixing the futures component at a later date.

 

Limitations

Long grain rice must be booked in 2,000 cwt. (4,444 bu.) increments. Basis must correspond with the delivery period. Futures must be set prior to or by the roll date of futures contract or rolled to the next futures month.   All contracts must be priced  by noon April 28, 2017. Roll Dates

Priced  By:                      OR                Rolled  To:
August  30, 2016                                November 2016
October 28, 2016                               January 2017
December 29, 2016                           March 2017
February 27, 2017                              May 2017

 Program may be limited to avoid concentration of risk.

 

Quality

Grading  based  on  U.S.  standards  except  for  stain  and  heat damage. Limited to Grade  5, or better, subject to discounts below Grade  2. Minimum milling yield 48/65.*

 

Member Cash Purchase

For members who sign a Delivery Agreement by June 30, 2016, may sell green or dry long grain rice upon delivery, subject to confirmation.

 

Limitations

Program  offered on a first-come, first-served basis and may be limited or terminated to avoid concentration of risk.

 

Quality

Grading based on U.S.  standards, except for stain and heat damage. Limited to Grade 5, or better. Subject to discounts below
Grade  2.  Minimum milling yield 48/65.*

 

Accounting for Rice Self-Pricing Options

Patronage: Any patronage earnings from 2016 long grain cash purchases or self-pricing contracts will be distributed to patrons with 20 percent in cash and 80 percent in qualified written notices of allocation evidenced by the issuance of Class “A” capital stock.

 

Grower’s Option

Available depending on space and limited to growers who have signed a Delivery Agreement by June 30, 2016.  Allows growers to deliver long grain rice and choose a marketing option later.  Rice must be priced or transferred to the Members Seasonal Pool by noon October 31, 2016, to avoid price-later charges. Rice remaining in Grower’s Option after noon October 31, 2016, will be subject to a minimum price-later charge of 6 cents per bushel and 3 cents per bushel per month thereafter beginning January 1, 2017.  Rice remaining in Grower’s Option after October 31, 2016, will not be eligible for transfer to the Members Seasonal Pool.

 Rice remaining to be harvested within 10 calendar days of October 31, 2016 or after,  will be entitled  to a 10 calendar day period  with Grower’s Option from date of delivery without a price-later charge or may transfer to the Seasonal Pool. Grower’s Option may be limited at any or all locations to avoid concentration of risk.

 

Pricing Deadline

Rice placed in Grower’s Option may be priced under any available purchase program through noon,  April 28,  2017.  Rice not priced by noon  April 28, 2017,  will be marketed during May 2017.

 

Grower’s Option Advance

After the Grower’s  Option deadline has  passed, members with rice in Grower’s Option stored at a Riceland facility or on the farm may request an advance which will be set prior to harvest. To participate, rice must remain eligible for CCC loan at the time of delivery. Rice will be advanced at 90% of measured bin weight. Advances may be limited or terminated to avoid concentration of risk.

 

Quality

Grading   based on U.S. standards, except for stain and heat damage. Limited to Grade 5, or better. Subject to discounts below Grade  2. Minimum milling yield 48/65.*

 

Cash Purchase

Riceland reserves the right to procure green or dry rice as needed on a non-patronage basis.

 *Rice with a milling yield below 48/65 will be accepted on a special purchase basis.

 

2016 Soybean Programs

 Riceland’s 2016 marketing programs are open only to varieties that have full food and feed approval worldwide.

 

Soybean Seasonal Pool

Available to Riceland members with no sign-up required. The first advance will be set prior to harvest. The seasonal pool will close at  noon,  November 1, 2016.  The board of directors reserves the right to close the initial pool at any time and to open one or more additional pools. Farm-stored soybeans may receive an advance based on 90 percent of estimated adjusted weight.

 

Cash Purchase

Available at soybean delivery locations for growers who wish to sell upon delivery.

 

Forward Booking Contracts

Forward booking prices for a minimum of 500 bushels of soybeans are available through harvest at soybean delivery locations.

 

Grower’s Option

Available, depending on space, to allow growers  to deliver and price later. Soybeans must be priced or transferred to the Seasonal Pool by noon November 1, 2016, to avoid price-later charges. Soybeans which remain in Grower’s Option after noon November  1, 2016, will be  subject to a minimum price-later charge of 6 cents per  bushel and  3  cents  per  bushel  per  month  thereafter  beginning  January  1, 2017. Soybeans remaining in Grower’s Option after noon November 1, 2016, will not be eligible for transfer  to the Seasonal Pool.

 Soybeans remaining to be harvested within 10 calendar days of November 1, 2016  or after,  will be  entitled  to  a 10  calendar day period with Grower’s Option from date of delivery without a price- later charge or may transfer to the Seasonal Pool. Soybeans placed in Grower’s Option may be priced under any available purchase program through noon  May  31,  2017.  Soybeans not  priced   by noon  May 31, 2017,  will be marketed during June 2017.

 Grower’s Option may be limited at any or all locations to avoid concentration of risk.

 

Basis Contracts

Allows the basis to be set at the current posted level for the delivery period while fixing the futures component at a later date.

 

Limitations

Basis must correspond with the delivery period. Futures must be set prior to or by the roll date of futures contract or rolled to the next futures month.  All contracts must be priced by noon May 31, 2017.

 

Roll Dates      

Priced  By:                           OR                          Rolled  To:

October 28, 2016                                             January 2017
December 29, 2016                                         March 2017
February 27, 2017                                            May 2017
April 27, 2017                                                    July 2017

 Program may be limited to avoid concentration of risk.

 

Hedged-to-Arrive Contracts

Subject to available storage space.  Futures month   for contract must coincide with month of delivery. Basis must be set prior to delivery, at delivery, or by First Notice Day of the futures contract, whichever occurs first. Contracts cannot be rolled from one futures month to the next or from one marketing year to another. Contracts may not be offered after noon November 30, 2016.  Fees may be charged for hedged-to-arrive contracts to offset costs. Program may be limited to avoid concentration of risk.

 

Soybean Programs Accounting

Seasonal pool handled on patronage basis and subject to the Base Capital Plan. Soybeans marketed through self-pricing programs handled on a non-patronage basis, not subject to the Base Capital Plan.

 

2016 Wheat Programs

 Riceland’s 2016 marketing programs are open only to varieties that have full food and feed approval worldwide.

 

Wheat Seasonal Pool

Available to Riceland members with no sign-up required. The first advance will be set  prior to harvest. The pool will close at noon, June 30, 2016.  The board of directors reserves the right to close the initial pool at any time and open one or more additional pools.

 

Cash Purchase

Available through noon June 30, 2016, at wheat delivery locations for growers who wish to sell upon delivery.

 

Forward Booking Contracts

Forward booking prices for a minimum of 500 bushels of wheat are available through harvest at wheat delivery locations.

 

Grower’s Option

Available, depending on space, to allow growers to deliver for pricing later. Wheat must be priced or transferred to the Seasonal Pool by noon  June  30, 2016. Wheat not priced  by noon  June  30, 2016, will be  marketed during  July  2016.  Wheat  remaining  to  be  harvested within 10 calendar days  of June  30, 2016 or after, will be entitled to a 10 calendar day period with Grower’s Option from date of delivery without a price-later charge or may transfer to the Seasonal Pool. Grower’s Option may be limited at any or all locations to avoid concentration of risk.

 

Basis Contracts

Allows the basis to be set at the current posted level for the delivery period while fixing the futures component at a later date.

 

Limitations

Basis must correspond with the delivery period. Futures must be set prior to or by the roll date of futures contract or rolled to the next futures month. All contracts must be priced by noon February 27, 2017.

 

Roll Dates

Priced  By:                   OR                  Rolled  To:
June 29, 2016                                    September 2016
August  30, 2016                               December 2016
November 29, 2016                         March 2017

Program may be limited to avoid concentration of risk.

 

Hedged-to-Arrive Contracts

Subject to available storage space.  Futures month for contract must coincide with month of delivery. Basis must be set prior to delivery, at delivery, or by First Notice Day of the futures contract, whichever comes first. Contracts cannot be rolled from one futures month to the next or from one marketing year to another. Contracts may not be offered after noon June 30, 2016. Fees may be charged for hedged-to-arrive contracts to offset costs. Program may be limited to avoid concentration of risk.

 

Garlicky Wheat

Garlicky wheat delivered to the seasonal pool will be seasonally marketed if the garlic content is 50 bulblets or less. The first advance will be issued after a market has been found and the discount established.  Wheat  containing  more  than  50  bulblets  will  not qualify for the  seasonal pool,  but  will be  accepted on a purchase basis at posted prices up to a 100 garlic bulblet maximum. Wheat with more than 100 garlic bulblets will be accepted at Riceland’s option on a special purchase basis and on condition that it may not be priced until a market has been found.

 

Wheat Programs Accounting

Wheat marketed through the seasonal pool will be on a patronage basis and   subject to the Base Capital   Plan.   Wheat marketed through self-pricing programs will be on a non-patronage basis and  not subject to the Base Capital  Plan.

 Note:   Due to the long-term decline in acres planted to wheat in Arkansas, Riceland intends to discontinue the Wheat Program for 2017.

 

Supplemental Marketing Agreements

Withheld Funds  – Patrons who wish to defer crop payments into the next tax year must sign Supplemental Marketing Agreements prior to:

 

1)  Actual delivery, or 

2)  Constructive receipt of funds.

 Withheld funds payments will be processed and paid as soon as practical during the first week  of January 2017.

 

________________________________________________________________________________________


2015 Riceland Marketing Programs


This brochure contains only highlights. Please contact your Riceland drier manager for complete marketing program details.


Important 2015 Marketing Program Dates

Please note the following dates and program details:

• June 30, 2015, at noon is the closing date for the wheat seasonal pool.
• June 30, 2015, is the sign-up deadline for committing rice for participation in Riceland’s marketing programs.
• October 29, 2015, at noon is the closing date for the Members Seasonal Rice Pool.
• October 29, 2015, at noon is the deadline to price or transfer rice in Grower’s Option to avoid price-later charges.
• October 30, 2015, at noon is the closing date for the soybean seasonal pool.
• October 30, 2015, at noon is the deadline to price or transfer soybeans in Grower’s Option to avoid price-later charges.
• April 29, 2016, is the deadline for pricing rice in Grower’s Option.
• May 31, 2016, is the deadline for pricing soybeans in Grower’s Option. 

2015 Rice Marketing Programs

Riceland’s 2015 marketing programs are open only to varieties which have full food and feed approval worldwide.

Long grain rice may be marketed through any program. Medium grain rice may be marketed only through the Members Seasonal Pool.

To participate in Riceland’s Members Seasonal Pool, Booking Contracts, Member Cash Purchase, or Grower’s Option, a grower must sign a 2015 Delivery Agreement by June 30, 2015. Growers who choose not to sign a Delivery Agreement may deliver to a Cash Purchase or booking program, as available.

2015 Drying Charges
The board of directors reserves the right to modify drying charges based on operating expenses.

Moisture                         Cents Per Bu.
Thru 13.5%                             25
13.6 thru 18.9%                     30
19.0 thru 21.9%                     35
22.0% or more                       50

Members Seasonal Pool
For members who sign a Delivery Agreement by June 30, 2015, and who desire to market long grain or medium grain rice through a seasonal marketing pool. The seasonal pool will close at noon, October 29, 2015.

Participation Qualifications
Limited to Riceland members of record who sign a Delivery Agreement by June 30, 2015.

Quality
Grading based on U.S. standards, except for stain and heat damage. Limited to Grade 5, or better. Subject to discounts below Grade 2. Rice below Grade 5 will be handled on a special purchase basis.

First Advance
The first advance will be set prior to harvest.

Other Seasonal Pools
The board of directors reserves the right to close the initial pool and/or open other pools with different advances based on market factors.

Farm-Stored Rice
For members who wish to store rice for delivery to the Members Seasonal Pool after harvest, Riceland will arrange for transport of rice from the farm to a directed receiving point and will pay members 10 cents per bushel for storage following delivery. Rice will be advanced at 90 percent of measured bin weight.

Members who have signed a Delivery Agreement and wish to use farm storage must declare their intent to participate in the Members Seasonal Pool by October 29, 2015.

Accounting
Members Seasonal Pool handled on a patronage basis and subject to the Base Capital Plan.

Forward Booking Contracts
A booking opportunity for members who sign a Delivery Agreement by June 30, 2015, and who desire to book long grain rice based on futures prices, adjusted for Riceland’s basis. Contracts must be in 2,000 cwt. (4,444 bu.) dry weight increments.

Limitations
Program offered on a first-come, first-served basis and may be limited to avoid concentration of risk.

Quality
Grading based on U.S. standards, except for stain and heat damage. Limited to Grade 5, or better. Subject to discounts below Grade 2. Minimum milling yield 48/65.*

Pricing
Based on futures pricing, subject to confirmation. Milling yield basis 55/70, premiums/discounts apply.

Hedged-to-Arrive Contracts
For Members who sign a delivery agreement by June 30, 2015, who desire to deliver long grain rice and set the futures component of the contract while fixing the basis at a later date.

Limitations
Long grain rice must be booked in 2,000 cwt. (4,444 bu.) increments. Futures month for contract must coincide with the month of delivery. The basis must be set by delivery, or by the First Notice Day of the futures contract, whichever occurs first. These contracts cannot be rolled from one futures month to the next or from one marketing year to the next. Fees may be charged for hedged-to-arrive contracts to offset costs. All contracts must be priced by noon April 29, 2015. Program may be limited to avoid concentration of risk.

Quality
Grading based on U.S. standards except for stain and heat damage. Limited to grade 5, or better. Subject to discount below grade 2. Minimum milling yield 48/65.*

Pricing
Based on futures pricing, subject to confirmation. Milling yield basis 55/70, premiums/discounts apply.

Basis Contracts
For members who sign a Delivery Agreement by June 30, 2015, and who desire to deliver long grain rice and set a basis at the current posted level for the delivery period while fixing the futures component at a later date.

Limitations
Long grain rice must be booked in 2,000 cwt. (4,444 bu.) increments. Basis must correspond with the delivery period. Futures must be set prior to or by the roll date of futures contract or rolled to the next futures month. All contracts must be priced by noon April 28, 2016.

Roll Dates
Priced By:                 OR                     Rolled To:
August 28, 2015                                 November 2015
October 29, 2015                               January 2016
December 30, 2015                          March 2016
February 26, 2016                             May 2016

Program may be limited to avoid concentration of risk.

Quality
Grading based on U.S. standards except for stain and heat damage. Limited to Grade 5, or better, subject to discounts below Grade 2. Minimum milling yield 48/65.*

Member Cash Purchase
For members who sign a Delivery Agreement by June 30, 2015, may sell green or dry long grain rice upon delivery, subject to confirmation.

Limitations
Program offered on a first-come, first-served basis and may be limited or terminated to avoid concentration of risk.

Quality
Grading based on U.S. standards, except for stain and heat damage. Limited to Grade 5, or better. Subject to discounts below Grade 2. Minimum milling yield 48/65.*

Accounting for Rice Self-Pricing Options
Patronage: Any patronage earnings from 2015 long grain cash purchases or self-pricing contracts will be distributed to patrons with 20 percent in cash and 80 percent in qualified written notices of allocation evidenced by the issuance of Class “A” capital stock.

Grower’s Option
Available depending on space and limited to growers who have signed a Delivery Agreement by June 30, 2015. Allows growers to deliver long grain rice and choose a marketing option later. Rice must be priced or transferred to the Members Seasonal Pool by noon October 29, 2015, to avoid price-later charges. Rice remaining in Grower’s Option after noon October 29, 2015, will be subject to a minimum price-later charge of 6 cents per bushel and 3 cents per bushel per month thereafter beginning January 1, 2016. Rice remaining in Grower’s Option after October 29, 2015, will not be eligible for transfer to the Members Seasonal Pool.

Rice remaining to be harvested within ten calendar days of October 29, 2015 or after, will be entitled to a ten calendar day period with Grower’s Option from date of delivery without a price-later charge or may transfer to the Seasonal Pool. Grower’s Option may be limited at any or all locations to avoid concentration of risk.

Pricing Deadline

Rice placed in Grower’s Option may be priced under any available purchase program through noon, April 29, 2016. Rice not priced by noon April 29, 2016, will be marketed during May 2016.

Grower’s Option Advance
After the Grower’s Option deadline has passed, members with rice in Grower’s Option stored at a Riceland facility or on the farm may request an advance which will be set prior to harvest. To participate, rice must remain eligible for CCC loan at the time of delivery. Rice will be advanced at 90% of measured bin weight. Advances may be limited or terminated to avoid concentration of risk.

Quality
Grading based on U.S. standards, except for stain and heat damage. Limited to Grade 5, or better. Subject to discounts below Grade 2. Minimum milling yield 48/65.*

Cash Purchase
Riceland reserves the right to procure green or dry rice as needed on a non-patronage basis.

*Rice with a milling yield below 48/65 will be accepted on a special purchase basis.

 

2015 Soybean Marketing Programs


Riceland’s 2015 marketing programs are open only to varieties that have full food and feed approval worldwide. 

Soybean Seasonal Pool
Available to Riceland members and non-members. No sign-up required. The first advance will be set prior to harvest. The seasonal pool will close at noon, October 30, 2015. The board of directors reserves the right to close the initial pool at any time and to open one or more additional pools. Farm-stored soybeans may receive an advance based on 90 percent of estimated adjusted weight.

Cash Purchase
Available at soybean delivery locations for growers who wish to sell upon delivery.

Forward Booking Contracts
Forward booking prices for a minimum of 500 bushels of soybeans are available through harvest at soybean delivery locations.

Grower’s Option
Available, depending on space, to allow growers to deliver and price later. Soybeans must be priced or transferred to the Seasonal Pool by noon October 30, 2015, to avoid price-later charges. Soybeans which remain in Grower’s Option after noon October 30, 2015, will be subject to a minimum price-later charge of 6 cents per bushel and 3 cents per bushel per month thereafter beginning January 1, 2016. Soybeans remaining in Grower’s Option after October 30, 2015, will not be eligible for transfer to the Seasonal Pool.

Soybeans remaining to be harvested within ten calendar days of October 30, 2015 or after, will be entitled to a ten calendar day period with Grower’s Option from date of delivery without a price-later charge or will transfer to the Seasonal Pool. Grower’s Option may be limited at any or all locations to avoid concentration of risk.

Basis Contracts
Allows the basis to be set at the current posted level for the delivery period while fixing the futures component at a later date.

Limitations
Basis must correspond with the delivery period. Futures must be set prior to or by the roll date of futures contract or rolled to the next futures month. All contracts must be priced by noon May 31, 2016.

Roll Dates
Priced By:
                     OR                    Rolled To:
October 29, 2015                                 January 2016
December 30, 2015                             March 2016
February 26, 2016                                May 2016
April 28, 2016                                        July 2016

Program may be limited to avoid concentration of risk.

Hedged-to-Arrive Contracts
Subject to available storage space. Futures month for contract must coincide with month of delivery. Basis must be set prior to delivery, at delivery, or by First Notice Day of the futures contract, whichever occurs first. Contracts cannot be rolled from one futures month to the next or from one marketing year to another. Contracts may not be offered after noon November 30, 2015. Fees may be charged for hedged-to-arrive contracts to offset costs. Program may be limited to avoid concentration of risk.

Soybean Programs Accounting
Seasonal pool handled on patronage basis and subject to the Base Capital Plan. Soybeans marketed through self-pricing programs handled on a non-patronage basis, not subject to the Base Capital Plan.



2015 Wheat Marketing Programs



Riceland’s 2015 marketing programs are open only to varieties that have full food and feed approval worldwide.

Wheat Seasonal Pool
Available to Riceland members and non-members. No sign-up required. The first advance will be set prior to harvest. The pool will close at noon, June 30, 2015. The board of directors reserves the right to close the initial pool at any time and open one or more additional pools.

Cash Purchase
Available through noon June 30, 2015, at wheat delivery locations for growers who wish to sell upon delivery.

Forward Booking Contracts
Forward booking prices for a minimum of 500 bushels of wheat are available through harvest at wheat delivery locations.

Grower’s Option
Available, depending on space, to allow growers to deliver for pricing later. Wheat must be priced or transferred to the Seasonal Pool by noon June 30, 2015. Wheat not priced by noon June 30, 2015, will be marketed during July 2015. Wheat remaining to be harvested within ten calendar days of June 30, 2015 or after, will be entitled to a ten calendar day period with Grower’s Option from date of delivery without a price-later charge or may transfer to the Seasonal Pool. Grower’s Option may be limited at any or all locations to avoid concentration of risk.

Basis Contracts
Allows the basis to be set at the current posted level for the delivery period while fixing the futures component at a later date.

Limitations
Basis must correspond with the delivery period. Futures must be set prior to or by the roll date of futures contract or rolled to the next futures month. All contracts must be priced by noon February 26, 2016.

Roll Dates
Priced By:                OR             Rolled To:
June 29, 2015                            September 2015
August 28, 2015                        December 2015
November 27, 2015                  March 2016

Program may be limited to avoid concentration of risk.

Hedged-to-Arrive Contracts
Subject to available storage space. Futures month for contract must coincide with month of delivery. Basis must be set prior to delivery, at delivery, or by First Notice Day of the futures contract, whichever comes first. Contracts cannot be rolled from one futures month to the next or from one marketing year to another. Contracts may not be offered after noon June 30, 2015. Fees may be charged for hedged-to-arrive contracts to offset costs. Program may be limited to avoid concentration of risk.

Garlicky Wheat
Garlicky wheat delivered to the seasonal pool will be seasonally marketed if the garlic content is 50 bulblets or less. The first advance will be issued after a market has been found and the discount established. Wheat containing more than 50 bulblets will not qualify for the seasonal pool, but will be accepted on a purchase basis at posted prices up to a 100 garlic bulblet maximum. Wheat with more than 100 garlic bulblets will be accepted at Riceland’s option on a special purchase basis and on condition that it may not be priced until a market has been found.

Wheat Programs Accounting
Wheat marketed through the seasonal pool will be on a patronage basis and subject to the Base Capital Plan. Wheat marketed through self-pricing programs will be on a non-patronage basis and not subject to the Base Capital Plan.

Supplemental Marketing Agreements


Withheld Funds – Patrons who wish to defer crop payments into the next tax year must sign Supplemental Marketing Agreements prior to: 

    1) 1) Actual delivery, or 

    2) Constructive receipt of funds.





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