Doon Elevator Company 2025 Grain Policy

Grade Requirements:

Corn

Moisture

Test Weight

FM

Damage

Spot Sales, Price Later, Forward Contracts

15%

54#

3%

5%

Warehouse Receipt, Grain Bank, House Receipt

14%

54#

3%

5%

Beans

Cash, Price Later, Warehouse Receipt, House Receipt

13%

54#

1%

1%

Oats

Warehouse Receipt, Grainbank, House Receipt

13%

34#

2%

.1%

Discount Schedules

Corn

Soybeans

Moisture:

All loads per settlement lot will average together.

Loads under 13% will be figured as 13% for averaging purposes

Loads over 26% will not be averaged and are subject to be rejected

Moisture:

Loads 12%-15% will be averaged together.

Loads less than 12% will be figured as 12% for averaging Loads >15.1-16% will be averaged together.  Loads >16% must be sold upon delivery. >17% will be rejected

13.1%-15%=3% shrink/point, discounted/tenth

>15.1%=4% shrink/point, discounted/tenth

Discounts will be taken off of weight

Test Weight: (No Averaging)

$.02 for loads 54#-52#

$.03 for loads <51.9#

Test Weight: (No Averaging)

$.01 for loads <54#

Loads <49# subject to special discounts or refusal

Foreign Material: (No Averaging)

All loads with >3% FM will be subject to special discounts or refusal

Foreign Material Including Pods:  (No Averaging)

Any weight of FM >1% will be deducted. Each load will be deducted separately

Damage: (No Averaging)

$.02/point from 5%-10%

$.03/point >10%

$.10 musty/weevils

$.15 sour

Damage: (No Averaging)

All Loads with damaged beans will be subject to special discount or refusal

Green damage is subject to special discounts or refusal and 1% shrink per 1% damage

Shrink and Drying:

Moisture shrink of 1.18%/bu

Handling of .32%/bu

Drying Cost $.045/point 

Rained on loads are subject to an automatic 2% shrink or refusal

We cannot accept treated beans, as they are illegal to sell.  If treated beans are received, they are subject to a minimum discount of $1000.00 plus any subsequent penalties should they occur

Oats

Moisture dock $.05/point >13%

Plus 2% shrink per point > 13%

FM over 2% deducted from Gross Weight

Test Weight $.02/point 26#-34#

$.03/point <26#

 

Storage Options:

Warehouse Receipt: $.24/bu prepaid for 90 days, $.065/bu/month after (Calculated Daily)

Grain Bank: 30 days Free Storage, $.045/bu/month after (Corn removed from GB without processing will backdate storage, plus $.10 Service Charge

Corn sold or transferred out of GB will backdate storage 

*Grainbank is defined as corn delivered to or purchased from the Doon Elevator for the future purpose of processing in to feed or to be fed with protein or supplement from the Doon Elevator Company

Price Later: $.22/bu for 90 days paid in advance, $.055/bu/mo after exp.October 13, 2026

Minimum Price Contracts are available

Deferred Payment Contracts: Priced day sold, Paid January 7th, 2026.

*All grains must be settled within 10 days of final delivery per grain lot, or no more than 30 days following the date of first delivery of the lot.  Grain will be stored automatically after this time.  Storage is charged from the average date of lot delivery.

*Any stored grain that is later picked up will be charged a .12 cent receiving and loadout charge per Doon Elevator Company tariff.

 

ALL POLICIES ARE SUBJECT TO CHANGE WITHOUT NOTICE