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Welcome

Valero Renewables-Welcome is located near Welcome, Minn., about four miles west of Fairmont and 100 miles southwest of Minneapolis. The bio-refinery sits on approximately 300 acres and started ethanol production in June 2009. The facility uses a dry-grind production method and state-of-the-art technology to maintain industry-leading standards in production, safety and product quality. The plant is also designed to be among the most environmentally friendly facilities in the industry.

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Distillers Grains

Distillers Grains Analysis and Contact Information

Daily Corn Bids

Sep 02	Bids	Basis	Futures	Month
Oct 2010	4.08	-.40	4.48	December (Z)
Nov 2010	4.13	-.35	4.48	December (Z)
Dec 2010	4.16	-.32	4.48	December (Z)
Jan 2011	4.25	-.36	4.61	March (H)
Feb 2011	4.28	-.33	4.61	March (H)
Mar 2011	4.31	-.30	4.61	March (H)
Apr 2011	4.34	-.33	4.67	May (K)
May 2011	4.37	-.30	4.67	May (K)
Jun 2011	4.38	-.35	4.73	July (N)
Jul 2011	4.41	-.32	4.73	July (N)
Aug 2011	4.32	-.30	4.62	September (U)
Sep 2011	4.32	-.30	4.62	September (U)
Oct 2011	4.10	-.42	4.52	December (Z)
Nov 2011	4.12	-.40	4.52	December (Z)
Dec 2011	4.14	-.38	4.52	December (Z)
Jan 2012	4.18	-.44	4.62	March (H)
Feb 2012	4.21	-.41	4.62	March (H)

Valero will be CLOSED Saturday, September 4th-Monday, September 6th to honor Labor Day! Valero will resume corn deliveries on Tuesday, September 7th 7:30am-4:00pm or until we reach our truck limit!

Valero will be closed on Labor Day!

Valero is buying corn for October, 2010 through January 2012. The August/September bids remain on website for over runs. Thanks!

Weekly Average Moisture Discount Monday-Saturday

ACH Payments

Futures Fixed Contract Fees-$.05/bu upon initiation of contract for October 2010 through September 2011.

(.08/bu upon initiation of contract for October 2011-January 2012) $.03/bu to roll the contract. Allowed to roll contract 1 time within the crop year.

Grain Delivery Hours:

Delivery Period: August 30 through September 5

Monday, August 30: 7:30-4:00

Tuesday, August 31: 7:30-4:00

Wednesday, September 1: 7:30-4:00

Thursday, September 2: 7:30-2:00 (Scale House closing early)

Friday, September 3: 7:30-4:00

Saturday, September 4: NO GRAIN DELIVERIES

Sunday, September 5: NO GRAIN DELIVERIES

Monday, September 6: NO GRAIN DELIVERIES-LABOR DAY!

Delivery Period: September 6 through September 12

Monday, September 6: LABOR DAY-NO GRAIN DELIVERIES

Tuesday, September 7: 7:30-4:00

Wednesday, September 8: 7:30-4:00

Thursday, September 9: 7:30-4:00

Friday, September 10: 7:30-4:00

Saturday, September 11: 7:30-4:00

Sunday, September 12: NO GRAIN DELIVERIES

Real-Time (CBoT)

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 Welcome 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
**Effective July 1, 2009 - 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. Thank you for your patience as we work through these processes.