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Welcome

Valero Welcome is a dry-mill ethanol plant located in Welcome, Minn. This facility completed construction in June 2008 and has the capacity to produce 110 million gallons of ethanol per year (MMGY) using a dry-grind production method and state-of-the-art technology to maintain industry-leading standards in production, safety and product quality. The plant has also been designed to be among the most environmentally friendly in the industry.

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Distillers Grains

Distillers Grains Analysis and Contact Information

Daily Corn Bids

Mar 19	Bids	Basis	Futures	Month
Mar 2010	3.50	-.25	3.75	May (K)
Apr 2010	3.53	-.22	3.75	May (K)
May 2010	3.55	-.20	3.75	May (K)
Jun 2010	3.58	-.28	3.86	July (N)
Jul 2010	3.61	-.25	3.86	July (N)
Aug 2010	3.66	-.28	3.94	September (U)
Sep 2010	3.69	-.25	3.94	September (U)
Oct 2010	3.66	-.38	4.04	December (Z)
Nov 2010	3.69	-.35	4.04	December (Z)
Dec 2010	3.72	-.32	4.04	December (Z)
Jan 2011	3.79	-.36	4.15	March (H)
Feb 2011	3.82	-.33	4.15	March (H)
Mar 2011	3.85	-.30	4.15	March (H)

Weekly Average Moisture Discount Monday-Saturday

ACH Payments

Futures Fixed Contract Fees-$.05/bu upon initiation of contract. $.03/bu to roll the contract. Allowed to roll contract 1 time within the crop year.

Grain Delivery Hours:

Delivery Period: March 15 through March 21

Monday, March 15: 7:30-4:00

Tuesday, March 16: 7:30-4:00

Wednesday, March 17: 7:30-4:00

Thursday, March 18: 7:30-4:00

Friday, March 19: 7:30-4:00

Saturday, March 20: NO GRAIN DELIVERIES

SUNDAY, March 21: NO GRAIN DELIVERIES

Delivery Period: March 22 through March 28

Monday, March 22: 7:30-4:00

Tuesday, March 23: 7:30-4:00

Wednesday, March 24: 7:30-4:00

Thursday, March 25: 7:30-4:00

Friday, March 26: 7:30-4:00

Saturday, March 27: NO GRAIN DELIVERIES

SUNDAY, March 28: 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.

Loads will be applied on oldest contracts.
Overfills will be on any bushels over contract amount.
Load contracts are available

Discount Schedule

Plant Facts

Valero Renewables Welcome:

Is one of the largest ethanol facilities in the U.S.
Has the capacity to produce 100 million gallons of ethanol per year
Can process about 39 million bushels of corn per year
Has the capacity to produce 350,000 tons of distillers grains annually
Is designed to run continuously, 24 hours-a-day, 7 days-a-week throughout the year

Weather in Welcome