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Daily Corn Bids
| Feb 03 |
Bids |
Basis |
Futures |
Month |
| Feb 2012 |
6.28 |
-.16 |
6.44 |
March
(H)
|
| Mar 2012 |
6.30 |
-.14 |
6.44 |
March
(H)
|
| Apr 2012 |
6.37 |
-.14 |
6.51 |
May
(K)
|
| May 2012 |
6.37 |
-.14 |
6.51 |
May
(K)
|
| Jun 2012 |
6.38 |
-.17 |
6.55 |
July
(N)
|
| Jul 2012 |
6.38 |
-.17 |
6.55 |
July
(N)
|
| Oct 2012 |
5.41 |
-.40 |
5.81 |
December
(Z)
|
| Nov 2012 |
5.44 |
-.37 |
5.81 |
December
(Z)
|
| Dec 2012 |
5.47 |
-.34 |
5.81 |
December
(Z)
|
| Jan 2013 |
5.46 |
-.45 |
5.91 |
March
(H)
|
| Feb 2013 |
5.48 |
-.43 |
5.91 |
March
(H)
|
| Mar 2013 |
5.51 |
-.40 |
5.91 |
March
(H)
|
| Apr 2013 |
5.56 |
-.44 |
6.00 |
May
(K)
|
| May 2013 |
5.59 |
-.41 |
6.00 |
May
(K)
|
| Jun 2013 |
5.61 |
-.44 |
6.05 |
July
(N)
|
| Jul 2013 |
5.64 |
-.41 |
6.05 |
July
(N)
|
Bids are subject to change without notice!
- Defer Pay Contracts (MUST notify before delivery)
- Weekly Moisture Averaging (17.1 and above to stand alone, will not average) Moisture refunds will be not be reflected in the check, they will be added to the next weeks settlements.
Grain Delivery Hours:
Week of Jan 30th: M-Th 7-3, F 7-11
Week of Feb 6th: M-F 7-3
Speed limits and stop signs are in place for everyones safety, please obey all speed limits and stop signs. Violaters will NOT be allowed to return.
Valero Renewables Charles City is now sending out market bids, and updates via text message. If you would like to sign up for this service please call (641) 715-3019 or email matt.nosbisch@valero.com. To sign up we need your name, cell phone number and cell phone service provider (standard rates apply).
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Corn Procurement Policy Price
Prices are based on the Chicago Board of Trade (CBoT) corn futures minus local basis for a specified time frame.
Delivery
Valero offers a variety of contracts. Each contract will have a specified time of delivery, commonly a two-week window. Please contact the Charles City office for more information. Failure to deliver specified bushels in a stated time frame will be considered a breach of contract and penalties or cancellations may apply.
Payment
Payments are made once per week, every Wednesday. For example, corn delivered Monday through Sunday of week 1 will be paid on Wednesday of week 2.
- Loads will be applied on oldest contracts.
- Overfills will be on any bushels over contract amount.
- Load contracts are available.
Discounts
Please see Discount Schedule. Additional discounts:
- Corn containing two or more live weevils or 10 or more live grain insects per sample will be discounted five cents per bushel.
- Corn containing rodent or bird contamination, stones, glass or other commercially undesirable foreign material will be rejected.
- Official grades can be requested at time of unloading at the shipper's expense.
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Valero Renewables-Charles City is located near Charles City, Iowa, approximately 35 miles east of Mason City and 170 miles south of Minneapolis. The bio-refinery sits on 225 acres and started ethanol production in April 2007. The facility uses a dry-grind production method and state-of-the-art technology to maintain industry-leading standards in production, safety, product quality and environmental stewardship. The Charles City plant annually processes nearly 43 million bushels of corn into 120 million gallons of denatured ethanol and 400,000 tons of distillers grains co-products. The bio-refinery has a nameplate capacity of 110 million gallons of ethanol per year and employs approximately 60 full-time personnel.
The entire kernel of corn is converted to ethanol or distillers grains. Ethanol is an environmentally friendly, high-octane renewable fuel produced by fermenting converted corn starch with yeast. It is used as a blending agent with gasoline. Distillers grains are the co-product left after the ethanol is removed from fermented corn mash, and are sold as a valuable livestock feed. Distillers grains are high in protein, fat, vitamins and minerals, making an excellent feed supplement for beef and dairy cattle, swine and poultry. The Charles City plant markets both dried distillers grains with solubles (DDGS) and modified (or wet) distillers grains with solubles (MDGS).
The plant timeline:
- February 2004 – Community leaders began working on plans for the plant
- August 2005 – Plans were announced for the plant in Floyd County
- January 2006 – Announced purchase of the site near Charles City
- March 2006 – Construction began
- May 2006 – Groundbreaking celebrated
- April 2007 – Startup activities began
- August 2007 – Grand opening celebrated
- April 2009 – Valero Renewables closed on purchase of the plant from VeraSun Energy
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- Received the Community Impact Award from the United Way of Charles City for helping save its 2010 United Way campaign from a shortfall, and allowing it to fully fund its agencies
- Earned the Valero Chairman’s Award for Renewables Plant Excellence for 2010, recognizing results across several areas: personnel and process safety, environmental performance, reliability, production and profitability, community involvement, and commercial and logistics performance
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Employees pledged more than $17,000 to United Way, with company match projected to bring total plant contribution to approximately $26,000 for 2011
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Distributed $25,000 to area children’s charities from the Valero Texas Open and Benefit for Children Golf Classic, including Bridges Mentoring Program, North Iowa Community Action; Family YMCA of Charles City; The Hut Development Center; and The Learning Center
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Held several volunteer events in 2010, logging more than 450 employee and family hours
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“Adopted” four families for Angel Tree project, providing Christmas gifts
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Provided 500 pounds of food to food bank, during drive that drew 100 percent employee participation
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Salvation Army bell-ringers
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Community Revitalization Golf Tournament – Charles City Chamber Community Revitalization Program
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Relay For Life – American Cancer Society
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St. John’s (Church) Golf Tournament
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Comp Systems Golf Tournament – Benefiting mentally disabled
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Party in the Park – Community Revitalization Program
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School Supplies – Charles City Community School District
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P.A.W.S. Golf Tournament – Pets Are Worth Saving humane society
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Football concession stand – Charles City High School
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Soup Luncheon – United Way
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Spook Run – Community Revitalization Program
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Spool Walk – YMCA
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Penny War – Ronald McDonald House
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Toys For Tots |
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To Purchase Distillers Grains
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